THOMSON'S MANUAL
COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31
1929 1928 1927 1926 1925
[Income for Bond Int............$611.354 $775,652 $425,665 $418,127 $207,013
Deductions—
Bond Int., Exp. ... 65,325 "716 33,526
Depreciation .....i........ 163,394 . -85 80,147
Federal TaX ccveooiimimmnens 66,085 ?E "83 None
NET INCOME ........... $480.848 $246,442 $ 93.340
COMPARATIVE CONSOLINATED BALANCE SHEET. As of Dec. 31
“mTS 229 2 1927
fo 70 775,942
091 167,328
N2.830 384.497
627,767
741,562
4,440
77,317
04.486
Total Current Assets...
Plant and Equipment......
[INVeStMENtS .orriceieeeacccrccme cerca
Due from Affiliated Companies...
Deferred Charges ....... FR,
Dther Assets o.oo er
TOTAL ASSETS .veeeerenee.
LIABILITIES—
Notes and Accounts Pavable................_....$ 368,284
Accruals ee eeeeaeee 231 006
ar 590
“00
00
np
57
..92
7,365
19,825
30,238
945
$6,129,392
nb
«g
23
45
oF
29475 572
$5.78"
,243
vw 997
$ 132,377
224 QK5
Total Current Liabilities oo...
Preferred Stock .. SRA ~
Common Stock
Bonds Outstanding ..cccooeeoineeees
Bond Interest Due. .....coes.
Due Affiliated Companies
Depreciation Reserve .....
Surplus
,«80
.e,000
400,000
“0 000
~5
79
¢,659
“662
$ 367,332
426,050
1,429,700
1.000.000
21,807
337,264
363,419
7,945,672
» 260,435
1.7:1
2125.35
TOTAL LIABILITIES .iiann
Net Working Capital mies
Ratio, Cur. Assets to Cur. Liabilities........ .... ....1
Roolr Valiie Common Shares... ooommee oooeaeeeaes $156.46
(8
FUNDED DEBT, As of April 1, 1930
First (Closed) Mortgage Rate Dated Due Authorized Qutstanding
serial Gold Bonds... .....cc...... 6% 4-1-27 1928-42 $1,000,000 $880,000
Interest Payable: Apr. and Oct. 1 by Sinking Fund: Whenever dividends
Security Savings & Trust Co., Portland, declared on Common stock equal
DOre., or Bank of California, Portland, amount, up to $60,000 in any one year,
Jeattle, Tacoma or San Francisco. to be applied to retirement of bonds,
Principal Payable: $40,000 on April in addition to serial requirements.
I each year 1928 to 1941, incl.; $440,- Tax Status: Company pays 29% Fed-
00 Apr. 1, 1942. R . eral income tax and Calif. 4-mill per-
sabes Bank of (California, N. A, sonal tax
ortland, Ore. mifvs FT
Registerable: As to principal. : a First mortgage on all the
Denominations: $1,000, $500. oe
Callable: As whole or in part on 60 Legal Opinion by: Carey & Kerr,
ays’ notice at 102%, except bonds ma- Portland, Ore. }
turing in five years or less, premiums Offered by: Bond, Goodwin & Tuck-
shall be 149 per unexpired vear. er. Mar.. 1927, at par.
CROWN ZELLERBACH CORPORATION
GENERAL OFFICE: 534 Battery St, San Francisco, Calif.
BRANCH OFFICES: Portland, Ore., and Seattle, Wash.
HISTORY: Incorporated under laws of Nevada, Aug. 28, 1894, as the Zellerbach
Corporation. In 1928, merger was effected with the Crown Willamette Paper Co.
RUSINESS: A holding company, owning directly or indirectly all capital stock
»f the following companies (except $13,850 par value Northwestern Power &
Light Company Preferred stock and 7.3% of the Common stock and 29% of the
preferred stock of Pacific Mills, Ltd.), viz.:
American Investment & Realty Co. Pacific Mills, Ltd. ]
Canadian Crown Willamette Co., Ltd. The Sanitary Products Corporation.
Tn Wilameiie Daner hi Washington Pulp & Paper Corporation
Nationa aper Products Company. 3 is
Northwestern Power & Light Company. Western Transportation Company.
MNympic Paper & Power Company. Western Waxed Paper Company.
Pacific Coast Supply Company. 7Zellerhach Paper Combanv
