. Canadian forest industries July-December 1921. Lumbering; Forests and forestry; Forest products; Wood-pulp industry; Wood-using industries. CANADA LUMBERMAN Fraser Companies Have Good Year Profits of the Fraser Companies, Limited, of Edmundston, , for the year ended December 81, 1920, show a good increase over the previous year. Profits from operations, after depreciation of inven- tories, amounted to $2,157,618. Deductions of $441,356 for interest and charges on bonds and bank loans, and of $439,960 for deprecia- tion of plant and equipment, left net profits of $1,276,301, or per c
. Canadian forest industries July-December 1921. Lumbering; Forests and forestry; Forest products; Wood-pulp industry; Wood-using industries. CANADA LUMBERMAN Fraser Companies Have Good Year Profits of the Fraser Companies, Limited, of Edmundston, , for the year ended December 81, 1920, show a good increase over the previous year. Profits from operations, after depreciation of inven- tories, amounted to $2,157,618. Deductions of $441,356 for interest and charges on bonds and bank loans, and of $439,960 for deprecia- tion of plant and equipment, left net profits of $1,276,301, or per cent, available for dividends on the common stock amounting: to $10,000,000. This is the first report of the company since the issue of $2,000,000 of first mortgage six per cent, serial gold bonds a few months Arch. Fraser, Edmundston. N. B. The report indicates that about $1,500,000 was available for the pay- ment of six per cent, interest on the outstanding bonds of slightly less than $2,500,000, or over 60 per cent., this comprising the whole funded indebtedness of the company. After allowing $279,462 for Government taxes covering 1919 and 1920, there would remain $1,200,000 available for bond interest, or over eight times what was required. Of these taxes $185,000 has been paid since the beginning of the present year. After deducting $200,000 for the Fraser Memorial Hospital at Fredericton and $100,000 for divi- dends, there remained $976,301 to be carried forward to profit and loss. After reviewing the year and the purchase of the Dominion Pulp & Paper Company at Chatham, , Archibald Fraser, president of the company, says: "The first few months of the current year witnessed a marked cessation in demand for pulp and lumber products. As a result, your pulp mills until recently, were not in eontinuous operation. Orders are now being received, however, in steadily increasing volume and your pulp mills at Edmundston and Chatham are now operating satis- factori
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