. Pulp and paper magazine of Canada. part reimbursement for the parent eompanj^s 1916 1915 original outlay on the development. Stock $ 9,600,000 $ 9, Just how the segregation affects other items in the Bonds 706,090 753,806 balance sheet it would not be easy to say. The com- Curient lialiilities 2,921,705 2,697,199 pany was understood to have received cash as Reserves 758,520 479,605 well as bonds from the po-vver compan,y. Bank Siirjilus 927,446 701624 loans, however, are still high at $2,195,080, L_ about $158,000 higher than a year ago in fact. One Totals $14,913,761 $ 235 fact
. Pulp and paper magazine of Canada. part reimbursement for the parent eompanj^s 1916 1915 original outlay on the development. Stock $ 9,600,000 $ 9, Just how the segregation affects other items in the Bonds 706,090 753,806 balance sheet it would not be easy to say. The com- Curient lialiilities 2,921,705 2,697,199 pany was understood to have received cash as Reserves 758,520 479,605 well as bonds from the po-vver compan,y. Bank Siirjilus 927,446 701624 loans, however, are still high at $2,195,080, L_ about $158,000 higher than a year ago in fact. One Totals $14,913,761 $ 235 factor in that might be the continued enlargements of The old board of directors was re-elected as follows- the regular plants of the company. Howevei, the work- President, George Chahoon, Jr.: ViQe-presidenf, Charles ing capital i)osition shows a betterment of about $.500,- p{. Hosmer: directors. R. R. Angus, Sir Thomas Skin- 000, desi)ite the loan increase. Taking strictly current „o,.. Edwin Hanson, P. A. Sabbafon, and J. K L Ross. 318 PULP AND PAPER MAGAZINE September 15th, 1916 Spanish River Pulp and PaperStatement The Spanish Kiver Pulp and Paper Mills sharehold-ers have reason to be pleased at the report presentedby the directors of the Company. For the year ending June 30th last the surplusafter deduction of all interest charges and charges onaceomit of the funded debt is $431,291, which is sevenl)er cent, on the outstanding cumulative preferred of•i?.),699,100. While these profits show a decided increaseover those of the previous year the diiectors believethe properties are susceptible of further improvementsin both production and profits. This is encouragingnews and offers just a ray of hope for the commonstock. A summary of the combined revenue statementof the Spanish River Pulp and Paper Mills, Limited,and the Lake Superior Paper Company, Limited,sliows :
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Keywords: ., bookcentury1900, bookdecade1900, booksubjectpaperma, bookyear1903
