Document Ozqe9gjwJdkbbk52wQogGq3gj

Annual Report 1947 Aw Sh e r w in -Wil l ia ms Co . 0007-SWP-034774 N21743 THS SHtKWIN-WlLLIAMS CO. a. w. rmoB. Ta ttaSiadUaUara: Tha eoaaoUdatad riitoMt af lha Shmia WSttm Conpaay, iarlaritf if oabrifaarin it hanwith tahnlttad far th iiiSt yaar aaiti Atu* 31. 1947. AO prariaaa ncorda m iwijii fait paar with mIm appraiat&talr 2f%ahaa4 tt tha prtricn jmr. Althnaph prin iaenaan wlfihri ta fan pan ta unat Ik jfajnictl mlfi at HU ig^iKiK ThaanoaatpMriM fcrFi<mlT>rnwiT----MtOM.WMi. UprritlFmfmtimfatrfflft--rilit.tarfaiilfrraaIfl.fM'.WHft fa, pomMa iaammay ahriahaga mI tUOOLOOILOO far tha nthl pwriaica far ta failqw* Ih Ih fin, Hat ham ta fail naaaniihta* aat niriago HMWMt Afltr ihriartitg lha FldnttJ DWifaafa, At aat nnfcgaan qrivalaat ta 97.M par riara oa tha pnani eatalasdng 1477AM fan at Cna Stack Tbt ipt'lf rf Cw Stack *hkk mm tppiarad ly tha atorhlnlfcoi bat Aagwt hmaitrf tha aat. ttaariag Cannm Stack fian SHJ87 ahaiaa ta 1477AM fatn Btfatriag ta lha tiliBHaatl HMWBOOD onawa nt ap far in Ttataiy. fah mm nuarfiini adrioaMa n teeoaal at far hnaan is lha total Mat win ofImrmktty riaoa a pair aga tad fait onlafai ahaaonalhfafa prion af aarian aafariala. * that at fan tiM ha afaftri ami aaeh a ta lha nttaUn far appnaal at lha ta ha hall Sheaahar % 1M7. la it aaa dnnad adrioahle lantn 0007-SWP-034775 0007-SWP-000116195 jhybaoa wntinowi aw of <3.900.00040 aa iinrn sat at the Meaboa baa already beae aade af iawiMii to pricn that were pat iata aSact daibf tha jaw. It aheald be anted It',: taeb iaenana ia the prieae af patota aad related product! wen iaaa than iba praperthwto tomaaaa ia ceata toctodtof raw wteriah. labor, aad waahctorhc lya. Ia ether weide tha pw wrgb of paaAt par daflar el aala aboard a ahriabafe ronpand with the praraoaa yaaaw Tha (aha Sa peodt waa achhivad laipaty ip tha la cfaaaa ia tha total ralaaae af take. Altheaah tha total jaai'i pradactona of patoto waa rnaiidwahly creator thaa that of tha prarediac year. ootpat waa laatrictai bp abortofaa ia beak raw aaatoiiaia CKb baraaaa won readily avail> ahto dariac tfca latter half af the year bat each itopaStoat itow aa titaaiato. leaded W tyathetto raaMh eertaia baato eatoaa. ate. ware aad ata alill la thort aapptr* Oaeaf theCetopaay'eoatanadtocptadaett Kan-Tow narbad a aaw hi(h ia laoaad peodacttoa aad tala* thaa aatobliahiaf it aa the latgaat aeiltoc ab|b paW itoai aa tha wchat today. Tha tocnaaa to aalaa ralaw war aW helped Ip the aaw aaw- piiBt BfwivBti vm is Ah bh r I Sflpovi* aaawfy thaDl BT. rntopnaaik wahatod wltatapllhwlar aad Faatoapd% Ugoed Caattog aad a waad UDar arid aadar tha trade aaw af WeaMtoMeta. Aaathaa aaw deaalnpaaaat to aa all fapw caadaa deal tow^Biaf lawm^eM^ia a tTthladbSaaaf W baatoaaa1^rMapaa^awarrh Uban. toriaa are oeaatoadr deealepl* aaw pndacto whtob will ba anifcato ad fit* ttoaa to tWa theeach tha Caaepaa/a aatoaaara dbtaibettoa toahttoa. Appwatoiatobr HOOOUOOOdX waa igtadid dariac tha year hr piaat topattatolk to a^aadtof fitoffitfaa to pedartdea ad 0007-SWP-034776 0007-SWP-000116196 CONSOLIDATED PROFIT AND LOSS AND SURPLUS THE SHEEWIN.WTIUAMS COMPANY AND CONSOLIDATED SUBSIDIARIES Yw aM A|wt 31.1M7 nORT AMD UM 0007-SWP-034777 0007-SWP-000116197 C O N S O LID A TE D B A LA N C E SH EET 0007-SWP--034778 0007-SWP-000116198 AUDITORS' CERTIFICATE Board of Dirocton. The Sharwia.Wfflbaa Coapaay, Haialanri Wo haw ataiaiaeiI thaccnonllrWtod haleera lUitrfTh Stwio WSUaaa Coapaay aad ita ---``fi'ii nhUhroi aa'ef Aagoit' SI. IMT, aad tha caaaalidatad atataaMte of pelt aad low aad rarplna far tha year la aadad, have leoieaad tha ^fataaa of ia> taraal coatrol aad tha aaceaatiag patadaM of la cnaapaaiao aad. witheet maUag a detailed aadt af la traaaactSoaa. base aapportiaf nilaaa hy aaatheda aad ta tha aataat aa daaiaad appepiate. On ana^aatiaa waa aada la aeeardaeea with paaraA ly accepted awditiaf alaadarda applicable ha tha i iiraaatiaraa aad Jadadad all paeeadanawhich e ccwidaaed aaeaaaup la oar opaioa. the aaaappia haWare abtet aad related wariae of pelt aad leae aad aarplaa paaeaathafr It eaa> aaiidatad poaib'na af Tha Sherrie WJHaaw Ciafiay aad ill aaa> eotidalad eabaidWrWa at Aaptart 31. 1947, aad the eaaaolHatad raaalta of lhair apeietieae fa* the year, ia aaafcnuW with peeraQy theTof tha grataifiap year. ERNST A ERNST Oetabar 1*1947 0007-SWP-034779 0007-SWP-000116199 7tar Sh ir w in -Wiiu a ms Co . in CWai. Phi. JKfnufmtbuw* ti PuaM, VnriteGdM Mii Im4 Lai Cteiak Uh|M fliku riiini OS. Ov Cia JUi tUato CMsi CUafi ball HaA flMkv^k OUUai. CiL. laai la* K. f. - CWhaX f. Oila>Uill(ahi-CaftrAla M*r titn.mnnunR uw^Jaftott O0~* TtMtujtr ifmtt 0007-SWP-034780 0007-SWP-000116200 0007--SWP--034781 0007-SWP-000116201