THOMSON'S MANUAL
1. CONVERTIBLE CUMULATIVE $6 DIVIDEND PREFERENCE STOCK
Provisions: Preferred over other Voting Power: Has full voting
classes as to $6 cumulative annual di- power.
vidends and as to assets to $1 per ae . . ; _
share in involuntary liquidation and t DEvidenas: S20 De anhuip. paid quar
5120 in voluntary dissolution. Not en- erly, Mar, June, Sept, Dec. 1, since
titled to stock dividends or subscrip- Dec. 1, 1925.
tion rights. . Transfer Agent: Company office, San
Callable: 3 years fom issue date, Francisco.
sn 40 days’ notice at 120. 3 . " : :
Convertible: Into Common stock at No Rigas The Bank of California,
rate 2% shares Common for one Pre- . 4A., San Xrancisco.
ferred any time prior to 10 days be-
fore redemption.
2. $6 DIVIDEND CONVERTIBLE PREFERENCE STOCK, Series A & B
Provisions: Takes preference after Additional Issues: Additional stock
Jonvertible Preferred, over Common, may be issued provided net earnings
1s to $6 cumulative dividends and $100 for 12 of preceding 18 months equal
'n event of liquidation. Not entitled to 21, times dividend requirements on all
stock dividends or subscription rights. >utstanding and additional issue con-
Callable: 3 years after issuance, on emplated.
any dividend date at 102%. Transfer Agent: National City Bank,
Convertible: Into Common stock, New York, and company offices, San
prior to Dec. 31, 1933, one share for 3 Trancisco. .
of Common, any time prior to 10 days Registrar: Wells Fargo Bank and
before redemption date. Union Trust Co., San Francisco; Guar-
Voting bdo A except When 3 anty Trust Co., New York.
quarterly dividends in arrears, when i 2 . . .
votes on parity with Convertible Cum- Legal Opinion Dus Plisbury, Madi-
aigtive, Belg De Er Shares each
ax § Se - : * ’ i
ne aus; Company pays 2% nor series A and B by Blyth & Co. Blair
Dividends: $6 per annum paid quar- & Co., J. Barth Co., Jan, 1927, at 95.
terly Mar., June. Sept., Dec. 1. since Price Range: 1929—Series A, high,
Dec. 1. 1928. 96: low. 80: Series B, high, 95; low, 781%.
3. COMMON STOCK
Voting Trust: Under agreement $2.00 per share. Sept. 1, 1928, 5% %
dated Aug. 31, 1928, majority of Com- Common stock dividend and 20% Pref-
mon stockholders placed stock in trust, erence stock. From Oct. 15, 1928, $1
expiring Aug. 31, 1938, or sooner, on per share annually.
filing with voting trustee (Bank of Transfer Agent: The Bank of Cali-
California) written requests from % fornia, N. A., San Francisco; Bankers
nf voting trust certificates. Trust Co., New York.
Voting Power: Full voting power, Registrar: Anglo California Trust
axcept when Preferred dividends in ar- Zo., San Francisco; Chase National
rears. See Preference stock. Bank, New York.
Dividends: (Paid quarterly Jan. 15, Listed on: New York and San Fran-
etc.) Jan. 1, 1925, to Apr. 30, 1927, $1.50 cisco Stock Exchanges.
per share annually; until June 30, 1928,
COMPARATIVE INCOME STATEMENT
9 Mo. Ending
Jan. 31, 1930
$9,841,416
a 101.777
.,.39
{375.504
NEL INCOME ooooeeeceeeeeesunessrnnsanssmns semen comomssmnsnenisans me wes semeemsest
Preferred Dividends oor cameron nasser anaes
Common Dividends .ooeeooeeeaen mates
1,661,823
1,236,464
17804281
5 1,531,078
1.567
23.41
179
~
35
J ..02
18.79
1.28
Surplus for the year nena
Earned per share Convertible stock...
Earned per share Preference A & B..............
farned ner chare Common stock... iiieeenes
COMPARATIVE CONSOLIDATED BALANCE SHEET, As of
ASSET= Dec. 31, 1929 Apr. 30, 1929
DARN essimisnass © 1,531,678 $ 1,910,061
UU. 8, BONAS .ooerrvnvnnnn os saivssssismsnnsnns 199,735 588,414
Accounts Receivahia 3,467,11: 6,812,065
inventnariec 11 202 N29 11 N42 959
22,001,559
35,900,4"
5,787,114
5,853,600
3,409,457
nga 299
Co ....%113.989.596
Total Curre:. ema =
Timber Lands .. ih esR REAR AE SARs rane EEA SEEREE ~.
Plants, €UC. ciieooeiicciie coioireeeeeoeee ome em cee memes ane
Investments (Fibreboard) oie eee
ther INVesStMeNntS ooeieioeeen iceman emmm ere omec nn anasan
Deferred CRArgeS .oiiiiiiiieciisrrmcererm seein nese nan
TOTATI, ASSETS
20,354,492
35,412,800
13,930,968
5,853,600
2,686,683
1.052.024
2109 190.568
