Document YGz8BN05wNY4n6RQ3jRr9DDNO

N11779 SECURITIES AND EXCHANGE COMMISSION. WASHINGTON, D. C. Fo r m 1G-K FOR CORPORATIONS ANNUAL REPORT For Fiscal Year Ended Qotoher Jl* 19^0 Tho Ollddon Oospaay ( Nana* of n*tfist rant) OIo y o ImA, Ohio............ (Address i0` principal executive offices) Ohio - Pooaator 11, .1917............. (The State nr other .sovereign power under which incorporated and date of incorporation) Porpatual........... i li.iir of termination of charter! Third Thursday in January at Glavolaud,.. Ohio. t Date amt place of annual meetings) TABI.K OF SKHilUTIFS HKUISTKKKO Si:i'r ni !:n:.s !'i:i:rTi:iii.n 'Title if i i.siie Amount as of f .Io .m* of fiscal year Amount as to which Amount to he regis 'of^ist rat son is tered upon notice clFoct ivc of issuance Names of exchanges on which registered Oomoa 8took without par raluo OoBTtrtiUo Proforrod Stook, U-l/zjl ouanlatlro, $90.00 par walua *35.591 199.9^ Mow Tork 8took Sxehango 199,9`W Moao Mow York Stook Mxohaac* \':itiie: pieI :hli!ri"e; c.r per 'ie 1 pui itiipi11`iI i11 Vei-iMve "m) 1 ires, tunl ('ntninttnicitliotiH from llii' 1 The information required to be given under the items herein set forth is more specifically defined in the Instruction Book for Form 10-K for Corporations. y The instruction took also sets forth requirements as to exhibits which are to accompany the annual report. AFFILIATIONS 1. List the following and indicate the respective percentages of voting power, or other basis i [- of control, as required by the instructions: > (a) All subsidiaries of the registrant. (b) All parents of the registrant. .. .State uf '.Vineornoralion' *t took Q*n4 afterthought /.lac vising Coapanyl The California Zlao Company* Sacramento Talley and Seetern Hjr. Co.* The Rlpolln Oo-paajH Troeo Company of 11llaois2 The Oliddeit Company, Limited3 The (Hidden Company Incorporated* Hello Resin Iroceealng Corporation California Ohio California Ohio Illinois Ontario, Canada Virginia Ohio All All All All All All AU 70.73$ 1 ' ' 1 V,, Vt > v'y. -vttojly.v \t " : til*" nV,;` 3 3 <S C V I ki wf < .!'vT( ,`' , V ' fUt 1 ,'X'V., ' V'1' 4 & t, VV * , t-h* : s h' (i) Bono i ,f / r'/ i ,, f -'A ^:i-WI!S>J>-5H*S, i' < vfSv l. Afterthought Zine Mining Cospany, The California Zino Coispaay and seeraaento Valley and eastern Hallway are wrrltd ti lirtitanti ttom* tbigr lun'Mt tMB audited <mA aggregate lnveetaeato are iasignifleast. Sale* and operating revenues of such corporations aro also ualnportant, as they are inactive. Inactive euhsidlaries included in all atateseata. The Olidden Coapaay, Linlted, la a Canadian Corporation and la, tikerefer*, carried aa an investaeat. It is active, however, and ia Included in consolidated . atatanenta. The OilAden Company Ineerporatad is a Virginia oorporatlea carried as an laveetaeat. It la active and is included In ooneelidated stataaanta. The Malle Pea In Processing Corporation is an native Ohio corporation carried as an Investaent and la included ia consolidated statenonte. ..... . y MANAGEMENT AND CONTROL 2. List the names and addresses of all directors and officers of the registrant, indicate the office or offices held. If any person is both an officer and director, so state. Name Address Office '.Adrian' 0. Joye* R. H. HorsburgSs X. B. Levenhagea w. J. i 'Brian Dwight P. J ojrca r P. S. Sprague Clifton U, Kolb J. A. Peters Howard Beatty B. . Canent 13 Union. Gouuerae Building President -and Direct? Cleveland, Okie 1396 union Oemrc* Mlllag Senior Ties President Cleveland, Ohio and Director 1298 Ualon Ceoaeres Building Tice PreaidatB sad Cleveland, Ohio Director 139 Union Ccmeros Buildlag rioe Preeident Cleveland, Ohio Director 11001ttndlson Aveaas Cleveland, Olio 71ce Preeident Director 139 Union Gonoeroe Building Vice President Cleveland, Ohio Director 11001 Undloon Avenue Cleveland, able Secretary and Direoter 11001 Uadieon Avenue Cleveland, Okie Treasurer XIaton a v s . and Logan Blvd. Direoter end appoint# Chicago, Illinois Tice President 11001 Madison Avenue Cleveland,: Okie Assistant Secretary 84 " ,"i. State briefly the general etTevt ef: (.:) Material changes. made within the fiscal year ana mu. pryvimusly report.-d. in contracts and arrangements of tlu> categories enumerated below .which have he.n previously reported; (M sucii contracts ami arrangements, made or in effect within the: .tiscal year and not previously reported, including the dates thereof and names of parties thereto. ( i) Material m'an'agemont' or general supervisory emit nu ts providing- lor'management of, or services, to, tixe registrant or any of its subsidiaries. (ii) Materia! advisory, construction or service contracts with atliliates providing; for man-' e" 1 ageiiunt. of, or services to, the registrant or any of its subsidiaries. ;h (iii) Material contracts, except as provided by the instructions, between the registrant or any alliliateof the registrant on the one hand, and, on the other hand, any director or offi cer of the registrant, any principal underwriter of any securities of the registrant sold by the registrant within the -past. tV tiscal years, or any security holder named in answer to item d. / (iv) Material bonus and profit-sharing .arrangements. U) (1) There have been ao Material enaugea in contract* prerioualjr reported aad no contracts iuia or la effect not orarioualy reported. (li) Then have beast no saterial ohangaa In contract* orariotialjr reported astd M oontraota mill or in effect act preriouely reported. (ill) Thera hnre boon no isaterlal change* in contract* prerloaeljr reported ani in contracts mde or in effect not prerlopeljr report'd. (It ) There hua been no Material change* in contruet* previously reported and an aontraete node or in effect not previously reported. (b) (0 Than hen bin to material changes la contracts previouely reported ast M oontmets taoda or in effect not previously reported. (ii) Than have boon no material ahnnges in oontraota previously reported oad na contracts aade or in affect not previously reported. (lii) Than hare been no Material changea in oontracta previously reported and M oontraota made or in effect not previously reported. (It ) Than have bean no Material ohangaa in oontraota previously raportad and ne ooatraots made or in sffsot not previously reports*. 6. As to any options outstanding at the close of the fiscal year to purchase securities of the regis trant from the registrant: (tt) State the amount, with the title of the issue, called for by such options; (b) outline briefly the prices, expiration dates, and other material condi tions on which such options may be exercised; (c) give the name and address of each per son holding such options calling for more than 5 percent of the total amount subject to option, and give the amount called for by the options of each such person; and (<f) for each class of such options not previously reported state the consideration for the granting '.thereof. there were no options outstanding on Ootobor Jl, l^bO be perehete securities of the registrant fro* the registrant. 6. : ,. BUSINESS . \ 7. Describe briefly the material changes which may have occurred within the fiscal year in the general character of the business done by the registrant and its subsidiaries. 7hr* haro boon no Material ehaagao within tbo tl--al ym? Oetobar 31* 1940, la U* csaoral eharaator of toa Iw Imn daaa' toa rlii5t:rant ai4 Ifti safeal&iarlaa assapt that the s*?ifia%3rBa$,t {ro&idiary, IIa Sallo Kaeiia Corpoffatiaa, la Ohio oa Aa^nst Jl, 19^0, far tba aoadtxa&lmg of tba baaiaaaa af jraaiaftran*'t fojrawr lalla Jtaailo DlTialoa, tba aaaata of whisk mra tranafomd to tha Balia Basis Proeassln* "irrimwitliHi'ln imhsiipi gtj U55O darn, of 5090 laaaat ilarti of Its eonaoa mltal itoak, l*Uwd to tha r*iii;Naat oa Soutoator 21*, l^bO, # FINANCIAL STATEMENTS 8. Submit financial statements in accordance with the instructions and the rules and regulations of the Commission supplementary thereto. (The financial c latemente and schedules are to be Inserted at this point in the annual report.) bb e-i Aocoa,ia^!l^3, Certificates together with the following Financial Statements and'Schedules! THE 0LIEU33 CQgPAg? Balance Sheet - October 31, 1940 Profit and ions Statement Statement of -Surplus Schedule III Sohadule IV Schedule Investments ia securities ,of affiliates. Indebtedness of afflliates-aot current Property, plant and equipment Schedule V-A 'Reserves: for revaluation of property, plant aad equipment Schedule VI Reserves for depreciation, depletion and amortisation of property, plant and e-uipaamt Schedule VII Intangible assoto Schedule X Indebtedness to affillatea-not current Schedule XII Reserves Schedule XIII - Capital shares Schedulo XVI - Supplementary profit and loss Information Schedule XVII - Income from dividends," THE QLXPEW COMPACT AMD .CQllS(?LlDlTJP..gCTSH)UM^ Consolidated Balance Sheet -October 31, 1940 Consolidated Profit and Loss Statement Statement of Consolidated Surplus Schedule III Investments in securities of.affiliates Schedule IV Indebtedness of afflliates-mot enrrsnt Schedule V Property, plant and equipment Schedule v V-A. Reserves for revaluation of property, plant and equip--nt Schedule VI Reserves for depreciation, depletion and amortisation of property, plant and equip--nt Schedule VII Intangible assets Schedule IX Ponded debt Schedule XII Reserves Schedule XIII Capital'-shares Schedule XVI Supplementary profit and loss Information Schedule XVII Income from dividends Ths following Financial State--nts and Schedules have been onitted for the reasons^statedi ' ' THE SLILD5H COMPACT Schedules I and II have been oaltted because they are --t required. Schedules Till, XI, XIV and XV have been emitted because the subject Better is net present. Schedule IX has been Omitted as the information required is Set forth la aslmilar schedule for The 01idden Cesrcany and . Consolidated Subsidiaries. tss OLi-rxa c o mpac t a it c o h s p u b a t e p s u b s id ia r ie s Schedules I and 11 have been omitted because they are not "required, ... Schedule Till, X, XI, XIV and XV have been omitted because the subject matter is sot pretest. ' i - 87 ERNST & ERNST UNION COMMERCE BUILDING CLEVELAND 'Board of Directors, The (Midden Company, Cleveland, Ohio. 'act have examined the balance sheet of The Glidden Company as of October 31, 1940, and the statements of profit and loss and surplus for the fiscal year then ended) aloe the consolidated balance sheet of The Olldden Company and con solidated subsidiaries (California mining companies exoluded) as of October 31, 1940, and the consolidated statements of profit and loss and surplus for the fiscal year then ended, hare re* viewed the system of internal oontsrel and the accounting pro* oedures of the companies and, without making a detailed audit of the transactions, hare examined or tested accounting records of the companies and other supporting evidence, by methods and to the extent w deemed, appropriate. The flnanelalstateswnts referred to, together with supporting eehedules vtoieh also hare been examined by us, hare been prepared for inclusion ih Form 10-K for annual re* ports of eorperations pursuant to Section 13 of the Securities Exchange Act of 1934* a list of the financial etateawnts and schedules included is set forth on the following page. w tested trade receivables by oosasEunieation with debtors, and observed proeeduros felloved by the companies in ascertaining quantities at October 31, 1940, at locations selected by us. Ve also tested the basis of pricing the inventories and the computetlens. In our opinion, the accompanying balance sheets and related statements of profit and lose and surplus end e^portdag^sehedulec, exsludicg the Califorai^ mining oampa nies, present fairly the position of the companies at Oete* her 31, 1940, and the results oftheir operations for the fiscal year ended at that date, in conformity with generally............. accepted accounting principles oenslstently maintained hy the companies during the year. Cleveland, Ohio1 Sceomber 23, 1940 SKB8T & KH8ST Certified Public Accountant* ERNST A ERNST FIS>v&CIa L ST^TahCViSTS ,^.P SCP. <I>VLS8 The following financial statement and schedules ire induced* TH1? GLIDES? CCM>'aHY Balance sheet Profit and loot statement Statement of p u t pius Schedule 112 - Investments in securities of affiliates Schedule 2Y - Indebtedness of afflllates-not currant Schedule V - Property, plant and equipment `Sh4ial9 ' V-a -.Reserve for revaluation of property#:1'plant and equipment Schedule VI - Besorros for doproelation, depletion and Y'.;V'E amortisation of property, plant and equipment 1 Schedule:; VII . - In tangible assets Schedule X - Indebtedness to afflllates-not ourreat Schedule XII - Reserves Schedule XIII - Capital ahares Schedule XVI - Supplementary prefit and loes Infora&il^ Schedule XVII - income frem dividends rwt guppgjs cchPAgy AIP <BW0i,mTBP gumPiA&isa Consolidated balance sheet Consolidated profit and lose statement Statement of consolidated surplus Schedule III - Investments la securities of affiliates Schedule IV s Indebtedness of afflllates-not current Schedule. V - Property, plant and equipment Schedule V-A e Reserves for revaluation of property, plant and equipment .r^-" Schedule VI ee- Reserves for depreelatlttn, depletion and . amortisation of property, plent and equipment - Schedule VII Intangible assets - Schedule IX Tended debt ..Schedule. XII Reserves schedule XIII - Capital shares Bssliedule XVI Supplementary ^prePit ead-'leesInformniiea Schedule XVII Income from dividends The fcllovlng schedules have been soltied* Sohoduleel and 11 have been omitted because they are net v required, . .^ Schedules VIII, XI, XIV and XV have been omitted because subject matter le met present. ... Schedule XX has been omitted as the information required as set forth in similar eehedule for The Ollddem Company and Consolidate Subsidiaries. mSe8hSaEB f are net required. Ji4 . . Schedules VIII, X, XI, XIV and XV have been emitted be the subject matter la net present. *HN.T rnNBT -... MIAMCZ SHEET TSS GLIDES? CQ6KPAST October 31, 1940 A3MTS Sb ^.:and:depoai;ta:-?'>/... $ ^,013,290.49 taa aad acoaptances resolvable# 68,744*84.'' ccuaia reoo&flifele 4.307.168*46 $ 4,375,926.70 erres-Sehadnl* III 127.968.52 ,247,961.18 rise, at lover of eost or fcot-Bote At terlals <, $ 3.727,920.79 ML JMrokMdiao (inoludsa minor amomsi i4rk;; iai^ process) 6,395,123.24 ..... 125.785.80 10,243,829.83 Si|ii|i|s............................ ......... .Vroftj8W affiliated ecwpamy not I 26,203.86 cterosrty accounts receivable TOTAL CTaHSaT^AS^II^ SXifcftfif?7< fl-g JOaSpiAHY AJp AJyiLIATffD COMLPAIHES n@lpl~ii$r of consolidation appended to ted balance sheet) f^'T'^ldiazry ccsipaaieo, consolidated! ntoelt-Sohedttl III 556,000.00 V-^aaoec-Schedul IT # ?orois Fining companies, not 212.316*42 $ 768,316.42 ' $??v''>li4ated-at leas than eoati Oapital stock, 100# ovncd- . Schedule Z3X 15,000.00 . Uenda# principal amount 0300 ,000.OO-Scfccduls III 107,500.00 -, -v .Advarcec-Schedule IT ____ 1,117,562.71 . ,-*. Affiliated company not ocaoolldated, at oca - .tfcpital otcolswSchadule 111 690.001.00 2s575,880.13 ^*f' tE'-rrop-roff valui ef life insurance 496,369.70 iaty^nSaenta, at east or lsaa-Sots B 48,480.47 , against closed banka' $ 70,944.49 W,*7ec-8hedtsia XII 64.131.74 6,812.75 notes and aoeounts recalrable and to salesmen ^ ................. 54,698.48 I Jj^^^^ffaCT-n-athiiMlala XII' 'ST - A^ BOaiMiST-Xote C ____mmxM- 596,800.14 . fenSi.63ngw Ktakiaaxy and equi '' V%i&ct or appraisal value- 7 ; -H?cdula T 25,468,581.93 for revaluation as " by Broad of Direotora- 1tr#UL9 T-A 3MMM 28.118.360.41 - -'aasarraa for depredation and `^.^natioJa-Sahodtia^Tl 7.690.227.20 14,422,133.21 J^fr^^g-Bcirmdalc TI2 and trade-marks, at east leas aaortlnation : 5. ' 73,158.60 ! ` to mmaufmature, at east less amortisation JUMTfT* j 79,666.37 FT?* ^cay of advart^aiias stack and stationary insurance and expanse net products ,4nrl9pnt 145,734.99 224,626.26 100.675.43 471.237*70 35i101:,824 58 -C.APJTAI,.,, Siuiaia IIP zm?im CUHR^T UABILIipS Aeoeunts payable-trada Processing taxea-fedaral Wages and oeBssdssioas? - Pay,, roll taxes Other Accrued liabilitiesi 1,1-3,140.43 833,881.81 lc-9,851.^3 v!48ria.ffla; ^mmihssi Taxes >f' Interest' Bojalties, water rant. etc. Sui*Mftc Previieion for federal and state AC 199,179.14 99,993.79 90,1882.19 .JmMhm: rri-TOTAL 0O1GOT LIABILITIES' Tae O1iddaia Ccppany, Ltd - v ?m,, 5-Schedule Dank loans-principal amounts maturing $900,000*00 annually on July 1, 1942, July 1, 1943, July 1, 1944, interest Serial noto-maturing July 1, 1949, ini RESisHVSS-Sehedula XII 9 1,930,000.09 .JLggftagfifet3fi 3,1 For adjustment of open contracts to For contingencies CAPITAL SHAHr-S ASP 3PHPLP3-gotos D and S 90,000.00 JLJggbM Capital etoek-Schedule XHIt Convertible preferred, 4$j( cumulative, par Talus $30.00 a share (redeemable #52.60 per share, convertible through March 1, 1941, into eight-tenths shar - eoswao^ stoek and thereafter into s tenths share of common stock) .. . Authorised >Converted Issued and outstanding i 9,997,000.00 Common, without par valuei Authorized 1, Outstanding ineluding treasury shares - -- -- ' Beserred for conversion. Stated capital 4.183.599.00 $14,177,8.g , Surplus-see statement! Capital surplus Earned surplus #14,989,803.83 sg:;a Less capital stock in treasury, at soot*; Schedule XIIIi Ccmffloa-16,671 shares LMtl'&s-:* 9360,139.00 outstandlng- Sew '.notes';-ea ' following '.page WSSE3l3Mfflffle:ni8l*;3lBSBX2SS2rc2 1 -trad -federal Cions 4 leas er rent* etc. mm deral and stats taxes sa towns , any, Ltd.-Schedules 1 ," TAELS-Schedule IX, conselidaifi lpal amounts maturing $309,00<i00 ly 1, 1943, July 1, 1943, lad interest at ring July 1, 1945, interest XII " ... f open contracts to market' Sl?ir*B"4S ferred, 4i# eusmlattos, 3.00 a share (redeemable .hare, "do'wreirtlble';;41ttPedil4;^^ l, into eight-tenths ehard||' and thereafter late of common stock) 'rty $ 1,178,140.40 v.44-:V:Jm,2Sl.Sl:^i.v;4 '''::::4.-i49,08li.i-:.:'4-v. 4S.1S3.92 _____f wr* 199,179.14 33,993.75 60 , 0SJE. S9 mmm.......... 4 *. a M t o t a l emmsr l ia b il it ie s -= i 585,.:. $ 1,000,000.00 . lsWP.;igQft.sgfi 4 80,000.00 outstanding t j*T values inelading treasury tmiw btora $ 9,997,000.00 1,200,800 shares ^ eonrtnlM al -. 4.110.855.011 $14,177,855. ok to treasury, at coot* 1,034.93' .MIaM #14.880,803.35 1 shares :W ,m* ima Xeutstanding- taring' page tw,101,ft84 ;: >?' s|l|g ERMST ft ERNST gQTS3 TC BALAMC-, iiH&ZT T?Tv OT.ITmjf CO \T AKY Cotober 31, 1940 Sote A - inference la made to Bote A to tho conaolidatsd balance shoot.. Note B - Reference Is mad to Koto 3 to the consolidated balance sheet. . Sote C - Reference is made to Sote C to the consolidated balance sheet. Sote p - Reference io made to Sote P to the consolidated balance sheet. :. sote a In prior year certain items of discount aisd expense, /prerialon for contingencies and looses on di smallsents hoe# been charged to oapital surplus. If ouch item together with additions.! depreciation claimed for fsdaral lneoas tax purposes for the years 1932 to 1939 InsluslTSt hd been sharged against earned surplus instead of capital surplus* the respsctiw amounts of eueh eurplus aoeounts would be $9,173*593.83 and 9,495,008.43 1 as at Cotober 31, 1940. The Company*s federal income tax return for the year 1940 was not completed at thedateof issuing this statement but depreoiation to be claimed therein will sxoasd pre cision charged to prof1t and loss for the year ended Cotober 31, ' 1940. ' ' Vote - General reference is aside to oonsolidatod balance sheet submitted herewith. 91 ERNST & ERNST PROFIT AKD LOSS STATIST THE CLlD^ia; COLCPAliY Fiacal year ondad Ootcbar 31, 1940 GROSS 8A&8S-LSSS DlgCOOTTg. R3T0RKS To conollda,td alfiliataa $ 120,630,35 To others jgaga29&ate #42,903,330.51 COST OF GOODS 30LD-Hotaa A and B 1"^30" 4,6^27010.1.356:. JIA3SU7ACTURIISC PROFIT gt.T.T?. GKBSRAL ARB ADMINISTRATIVE KXPKPSS OPKRATIBG PROFIT OTHSR IBCOMS Sundry commissions and profits on merchandise purchased and sold 219,901.97 Dividends r#onivd-lchedulo XVII 63,596.00 Recovery on accounts prsTioualy oh&rg&d off 40.491.41 Interest earned 14.359.41 Rental income 11,098.29 Profit on u&le of securities* specific securities 150 40 Sundry -61*300,77 Interest on lone term debt Other interest Provision for doubtful aeocrunts- Sohedulo XXI Idle plant expenses Prevision to adjust open eontracts to starket-Schedulo XII Life insurance expense 98,703.14 17,415.90 146,400.59 40,244.80 20,815.00 15,449.42 BUndrT sen. BSTORE TAXSS a Mtifr" TxMhS BCB8 OB HCOMS-BSTimTSp Provision for federal inoome tax 292,000.00 Provision for state taxes en income 11.639.74 03.639.74 BT HIOFIT-IOTH C AID D ' '<FX738o,als.99 Bets A - Inventories at the beginning and end of the fiscal yearj in the respective amounts of $9,592,125.55 and $10,848,829.63, have been used in the eonputetien of Cost of Goods Sold and mere determined on the bases set forth in Soto A te the donsolidatod balsaoe sheet. Sets B - Depredation, depletion, obsolescense end rtisatleni Reference is node to Soto B to the consolidated profit and less statement. Sot# C JKsflaated profits on sales to, subsidiary eosqpenles have been eliminated in this statement Bote D General reference la made to eeneelidated profit and 'lees.' statement: Soto B - Reference is vde te ehaspges for a depletion,:tames (other to 'Sehedulo XTI- for iafemails > depreciation ami ). rente emd royaltis. v ERNST A ERNST tm g l u j b m (fflwirj' ;;-.; ?Tl9aljraar iad*ft ^OatolMY 31, 1340. ^A-PiTAi. 1939* ami OatafeOT 311 1940 38,394*930.0 BsasasaaBatsaa iHEl58n5wRfca 1, 1939 i far flaoal ytmar <i aadad Oatofcur 31,, 1940 3vfO9v101.l: DaOttat aaah diTid&Ma paid* CsiaTaffUbI Frfrr^ - -33.33 a sfcara / Ctennaa ~ 91.10 aa&ara ,' 3 449,600.47 904.1S1.0Q BALA3 OCnraSi Sir lf4i 3,8*1S.S3 Sola Rafaraaaa la soda to Satoa 2) aa4 3to Mlaaca aha%. s 93 SCHEDULE III--INVESTMENTS IN SECURITIES OF AFFILIATES rscs g l is x x h cojfPAsnr Fiscal year ended October 31, 1940 COL. A NAME OF ISSUER AND TITLE OF ISSUE COL. B ic BALANCE AT BEGINNING OF PERIOD AD (1) Number of Shares or Units. Principal Amount of Bonds and Notes (2) Amount in Dollars (I) i Number of J Shares or Un^ts. Principal sAmount of j. Bonds and Notes Ca p it a l s t o c k QF SUBS1EUBT The Glidden Company, Ltd., common capital stock Hello Resin Processing Corporation, common stock Glidden Company, Inc., Richmond, common stock BOO -o- -a- SA^IXAL s t o c k _*jr^ujros_cF simixJMl COMFAaHOT COHSOLlSAXUe The California iine Company, COBBCOn St.OCiC '1 1,000 Afterthought Zinc Mining Company, common stook 100 The Californla Zinc Company, bonds - Hots a i500,000.00 50,000.00 -o- -- " '' '-`0* 'V ~ 50,000.00 wot *rsr****B 5,050 10 t 5,000.00 10,000.00 .-A&jLm.iPA $ 202,600.00 STOCK OF OTHER AFFILIATE American Zirconium Corporation, `V-^-oommon stook ^UnTlou Zirconium Corporation, ' .'.^/preferred stock 5,800 5,000 $ 90,001.00 * 590,001.00 - m A'%'iete A - Interest on the bonds of Tbs California Zina Company is 4itf4efault. Hote l) - The Glidden Company enquired the n 9took of Velld Reel* Proeeesing Corporation at par value, by tronefer of properties lentr&ed on the bosks of The Glidden Company at a net amount of t.TS), eertain ether aeeets and eaeh. . ,'*r x COL. D Ad d it io n s DEDUCTIONS imber of | j b or Unit*. \ rincipal r. 1 nount off ; i and No^es l (2) Amount in Dollar. (0 ; Number of 1 Share, or Unit*. ' Principal Amount of j Bondi and Note. (2) Amount in Dollar* BALANCE AT CLOSE OF PERIOD < . Number of Share, or Unite. Principal Amount of Bond, and Note. (2) Amount in Doll.::* ,050 10 i 805,000.009 l.OQO'99 c 506,000.00 mm wtanaaM is a 800 8,080 io $ 80,000.00 808,000.00 ____ Li?j>.<boa 8 580,000.00 1,000 100 $500,000.00 8 8,000.00 10,000.00 167.800.00 8 808,800.00 6,000 6,000 8 90,001.00 I 690,001.00 t 94 SCHEDULE IV--INDEBTEDNESS OF AFFILIATES--NOT CURRENT Jiaoal yoar oadod Ootobor 31, 1940 ' COL. A NAME OF AFFILIATE COL. B COL. C Balance Receivable at Balance Receivable at Beginning of Period Cloee of Period Xollo Raoia Prooaaaiag Corpsratios fillAAon Coapany* Xao**Riokiaon4 -o 185,184.78 SL -o- I aia,3i9.48 oraia iao Coapaay I 781,895.73 AJftorthoagiit iiiao Ulaiaf Cojapany 113.381.87 % 894,938.80 I1 799,874.84-; ~JLUUilM2 $ 918,083.71 r.nnmr a rwwef SCHEDULE -V--PROPERTY. PLANT, AND EQUIPMENT ''TKE'ajulBIKSV.CCBIPAiY.;.; Fiscal /ear ended October 31, 1340 COL. A CLASSIFICATION COL. B j Balance at Beginning i of Period COL. C Additions at Cost COL. D Retirements or Sales Ora land and leases Land improvements Railroad sidings Buildings Machinery and equipment Furniture and fixtures Automotive equipment Cenatraetion in prooess $ 84,691.54 2,367,814.25 89,553.86 71,556.63 9,002,416.41 12,026,830.84 686,496.00 101,518.95 _____ 838.49 3,232.05 4,350.46 14,787.11 482,711.77 832,518.42 45,063.82 9,223.84 Mt -0 285. -Q 3,379. 17,706. 148,344. 19,150. 25,215. -c $24,912,495.09 $1,223,204.13 $ 214,581. sssnaaaMiewtimeaanniaaassaaaaass, ^ * Indicates. red' 'figures.^ Mote A -Represents items transferred to Malio-Resin Processing Corporation, R;:;-^:ill<llAated;SUfesidia, in eacbong* for oapital stock of that corporation. IHEDULE V--PROPERTY, PLANT, AND EQUIPMENT ` , tEM, OLlDDKa GOMPASY . -Ftco!. year coded-October >'3l' 1940 CH COL. B i Balance at Beginning j of ''Period COL. C Additions at Coat COL. D Retirements or Sales COL. E Other Changes-- Debit and or Credit*-- Describe COL. Balance at Close of Period % 8-4 9 09 X 54 $ 833.49 2,567,814.23 3,232.05 89,333.86 4,360.46 71,536.63 14,787.11 9,002,416.41 482,711.77 12,026,830.84 832,518.42 636,496.00 45,063.82 101,518.93 9,223.84 481.416.61 169.521.83* (K0TF A) $ **0 $ -o- $ 85,730.03 285.00 9,710.09* 2,361,051.21 -o- 10,037.96* 83,866.36 3,879.52 1,747.68* 80,716.54 17.706.64 126,270.01* 9,341,151.53 148,344.08 299,088.19* 12,411,916.99 19,150.80 25.215.64 . *4,714.35* 100 00 707,694.67 85,427.15 -o- 807.33* 311,027.4.5 $24,912,495.09 $1,223,204.13 $ 214,581.68 $ 452,535.61* $25,468,581i93 ' mmmsmawisswsssss* ***swwsssissswsswmm**water laaasaaauaasaasaeoBavassflssaa ferred to Bclle-Rccin Proc0in Corporation, for capital atook of that corporation. 6-10 rifTci , . i vv"'*' .. . _S mi . _ y. 1 COL. A CLASSIFICATIONS Buildings Machinery and e<&ulpeint Fwraituro and fixtures Bailromd oidlrgs SCHEDULE VA-ggSyRTKS TOR REVALUATION TH2 OLIJHJKS CCH7A3Y Fi*cai year ended October 31, 1940 s >k e*s .ms i couaw. a BALAKCIC AT HKOIKUNG OS' , THE FI3CAL TEAR AS PT.R ACCOUNTS f 433,627.77 $ 1,560,516.08 1,337,061.21 31,593.77 6.339.77 $3,369,138.60 $ Bote - Those reserves were provided by chargee to capital surplus and:..reserves for depreciation, to eliminate appreciation of property, plant sad equipment, and to reduce recorded amounts to estimated basis of value* during 1932 as determined by the Board of Directors. flCMSPOlK YA-H83yRnK3 TOR KEVALUATION THE GUDIMS COKPAHY Fiecal jremr ended October 51, 1940 $ 433,627.77 $ 1,560,516.06 1,337,061.21 31,593.77 6.339.77 I3,369,138.60 $ provided bj chargee to capital latioa, to eliminate appreciation , and ts reduce recorded amounts 1932 a determined by the .0-4 -o-o-o--O-- -O- t -o- S 433,627.77 343.07 1,560,173.01 12,563.86 1,324,497.35 10.15 31,583.62 --o-- 6.339.77 12,917.08 J3,356,221.52 r SCHEDULE VI--RESERVES FOR DEPRECIATION, DEPLETION, AND AMOI OF PROPERTY. PLA'"T. AND EQUIPMENT rra csst at Msal jr*3? esi^i Catfes* 31, IMS COL. A. DESCRIPTION 8f lads asd 1mm - 3ailr4 ', . r 'UPsv&tura' as. 14xtaw:. AitamatM qalpssfflafc \ COL. B Balance at Beginning ol Period COL. C ADDITIONS <i) -/ ' Charged to Profit and Loss or Income (2) Charged to Other Accounts--Describe DE Re! Rem Rep ' . .... $ 37,679.4 ,423.3 V'll4Sfe'.5li 1,994,606.69 4,553,131.43 '. r : 3,131. Si 10,937.02 1,430.47 188,418.43 399,300.24 32,603.42 13*024,36 $7,035,397.31 $ 020,677.82 * 0 ; -0*o o* M LJ U s^ A - Rsfi'eF'i la asi to Boia A Sc&sdal V. RESERVES POE DEPRECIATION, DEPLETION, AMD AMORTIZATION "OP PROPERTY, &LANT, -AND ;EQUIPMENT /- "i:.:: CO ---J OL. B COL. C at Beginning; Period ADDITIONS (!) Charged to Profit and Doss or Income (Z) Charged to Other Accounts--Describe S?*679.49 XI*42,5 .94,6,:09 ;53,X3X.43. m,,&m96 f 5,131.@6 10,667.02 ' 1*43.. 4? 13,413.4S 569 ,3f^ .24 53.at53.42 ' MSS7.3X v,# ,0SO,Q77*:2 J. COL. D COL. E DEDUCTIONS FROM RESERVES (!) Retirements, Renewals, and Replacements * 'll,079 ..99 77,52.11 14,0X0.78 Mltl? $ 124,394.05 (2) Other-- Describe ' (SUES A) . *. 1,104.54 177.59 > a,154.62 51,249.97 967.15 -Q- $ 61,653.03 Balance at Close of Period 1cI-r*i I 42,831.26 17,985.84 ' 12,681.46 2,162,990.53 4,995,923.59 394,516.44 7.-'77,63, .298.68 $7,650,227.20 :. A 'SGhm&iaX - W. SCHEDULE VII--INTANGIBLE ASSETS THE QLZDDZB COttPASY Fieeal year ended October 31, 1940 COL. A DESCRIPTION Patents and trade-marka Rights to manafactors * Indicates rad figures COL. B Balance at- Beginning of Period COL. C Additions at Cost-- Describe COL. D DEDUCTIONS u)'. * . <2 Charged to Profit and Charged I Lota or Income 1 Accounts-- $ 69,364.88 $ 10,000.00 $ 6,206.28 _ 16.852.48 -0- 2.034.76 $ 89,217.33 $ 10,000.00 $ , 8,241.04 stfasvssRmssma^inwMssnsMiHisvassflBsaai J* A * Traaaferred to Sello-Resln Processing Corporation together with othar properties in sxohangs Tor capital stock of that company. Rote 3 - The cost of intangibles is amortised over the remaining lives of such SCHEDULE VII--INTANGIBLE ASSETS THX QU.DSKX COKPABT Fiscal year endod October 31, 1940 CO CO :o l . B COL. C : at Beginning i Period Addition* at CostDescribe COL. D DEDUCTIONS ;<n Charged to Profit and Los* or Income <Z) Charged to Other Accounts--Describe COL. E Other Changes-- Debit and/or Credit' Describe COL. E Balance at Close of .Period 59,364.88 $ 10,000.00 J 16.853.46 56,217.33 _.g_ $ 10,000.00 ra wt mamamwm m s* mm r $ 6,206.28 8,241.04 -o- .,.-.9- -o- $ -o- $ 73,168.60 7.300.92*4 6.507.77 $ 7,309.92* $ 79,666.37 iln Processing Corporation together with otto*r >ok of that company. ia SMBOrtiaod over .thie remaining liros of sueh . CffNfiT SKN8T 6-lU SCHEDULE X--INDEBTEDNESS TO AFFILIATES--NOT CURRENT 'TR8'. CLXDBKI COaOPABY Jiacial yea? a<sl<4 Oatols-asr 31, 1940 COL. A NAME OF AFFILIATE COL. B Balance Payable at Beginning of Period COL. C Balance Payable: at Close of Period ^ < W' ^-11 r IBBi Im IBM i: " i H v- ^ J,}* ** 1 ...' ||llllll!llllillllll!lllM^^ : lllllIiM /' ' ' V Bh BHI MnnlllfijflW llllllliilllllllll II |||||BB E*NT * COMr SCHEDULE XII--RESERVES ` rm Liras casp&sr FlsoaX year ended October 32, 1940 COL. A DESCRIPTION ggsgyraa d .^u c t s d f r o m a s s e t s roTdOttHMaiiiisceSate, "dlaooBui ta , etc. For claims against eldttod banka For miscellaneous notes', etc. OTHER KESKKVS3 For contingencies For adjuitunt of open contracts to rket COL. B Balance at Beginning of Period COL. C ADDITIONS ,,, u; Charged to Profit and Loss or Income U; Charged t< Accounts--! $ 116,850.05 65,142.19 _____*? ? ?. $ 191,555.50 $ 146,400.59 -o-o- v $ 146,400.59 % # 67,885.56 $ -o- 200.000.00________20.515,00 $ 267,885.56 $ 20,815.00 *m *asar Wrar* m*ih* mmss msm'ssrslamtsm a Hoto A Accounts charged off. Hote B * Loose oa contracts open at the beginning of the year. SCHEDULE XII--RESERVES THS \QLltimX COirPAVT 7ieeal yaar ended October 31, 1940 O o. ta, tc. 3 ts to COL, B Balance at Beginning of Period COL. C AUDITIONS 0) Charged to Profit and Loss or Income (2) Charged to Other Accounts--Describe COL. D Deductions from Keserves--Describe COL. E Balance at Close of Period $ 116,850*05 65,142.19 ____ $ 191,553.50 $ 146,400.69 -O- ' . ' : ~0~ $ 146,400.59 *0-o0- $ >0KKassaeaeasen % 135,285.124 1,010.45A '- $ 136,295.57 127,965.52 64,131.74 9.561.26 $ 201,658.52 r $ 67,885.56 .200 000.00 $ "0" 20.815.00 -o- -o- & V 67,885.56 170.815.00B 50.000.00 $ 267,385.56 $ 20,815.00 $ -O-- $ 170,815.00 $ 117,885.56 " sss*s mb ys.a^<aaroass& * *er w n*vwaist smats tar.@riiE8e rtfrarssae Bsisan mommjess-'sraftaKsrstts ssss aarai ' rr. a open at the beginning of the year. ERNST t ERNST 101 ^. SCHEDULE XIII--CAPITAL SHARES " TBBt. 0X3S3BT '0QKPAST" Oatotor 31 , 1940 COL. A NAME OP ISSUER AND TITLE OF ISSUE i COL. B Number of Share* Authorised by Charter COL. C COL. D Number of Share* Iuued and Not Retired ,i .^or Cancelled vLf NUMBER OF SHARES INCLUDED IN COL C WHICH ARE (1) Held by or for Account of Ixsuer Thereof Not Held by or for account of Iixuer Thereof illl^OIiaiia^ *& ' etnMlii61y*r&r Tala |*9 a iSUMf 80,00 /-^jBfncnnV>, 1,2G0,00 199,94 SI991 `.V \j SB , USg940 16,871 ; ; S3jj#S0 SHARES SHOWN RELATE Ut "C.A (0 Number 199,94 835,3$ ) r t i. $1 ( COL. D NUMBER OF SHARES INCLUDED IN COL. C WHICH ARE (0 Held by or for Account of Issuer Thereof (2) Not Held by or for accoant of Iiiuer Thereof 1 COL. E SHARES OUTSTANDING AS SHOWN ON OR INCLUDED IN RELATED BALANCE SHEET UNDER CAPTION "CAPITAL SHARES COL. F COL. G NUMBER OF SHARES HELD BY AFFILIATES FOR WHICHi STATEMENTS ARE FILED HEREWITH N umber of Share! Reserved for nffi^afe. anrl COL. K Number of Shares Reserved for Options, Warrants.' . 7. ... -Vr.-j.V/ " 1 ';i. *vt'~ kv r - '"a ** '-`tw'.' ^ v, - . - * . ,:vV' r.U. *-.- -v . ..... U- :\ ':< ^* -r < - I 4- ' V f' ERNST * ERNST SCHEDULE XVI--SUPPLEMENTARY PROFIT AND LOSS INFORMAT] TEE OLIBDBS CC8LPAEY Pise&l pear ended Ootofcr 31 1940 COL. A ITEM Maiateumrao fcrad repairs Djz*iaft3.n tsad dapltioa-S3t A v ; Taxes i P*7 roll, taxes . Pedernl capital ateefe tax Seal tusd personal said sundry taxes Seats ' Aeyaltiss Aaertisation of pateats f trade-narks and rights te aaattfsetsre : usd service eoatraet fees COL. B CHARGED DIRECTLY TO PROFIT AND LOSS (1) To Costs or Operating Expenses ! , ft 691,348.31 ft 39,163.31 820,677.88 \.-e- 133,990.84 - 196,689.17 1,880.44 77,329.67 8,341.04 115,604.48 38,799.10 79,109.01 133,930.88 -o- c har g : Sote A - Reforests is profit sad loss statesteat- to lots S to ooasolidated Soto 3 - At October 31, 1940, all real property leased to tfce ere tiaaa three peart roproooatad ty 18 Immh . it of rentals apea for $34,376.00, e 'n'ji, r' f >, sr*`* <i wV>. JF.t ' /' w rw<'"Ji)K tv" J& ' r T~* '" *' f /X *T .N 't ii-1 f ' t '*jj * . J-" l. A > .. '.*- x.1-- ' :, ' --- jVc}.^' 1 1 * h`t y . *,r 'S r t p rV p-\ JCVL--SUPPLEMENTARY PROFIT AND LOSS INFORMATION TUX OLXBDEH COMPANY fitaal jrasr ended Oetobar 31, 1940 col . b CHARGED DIRECTLY TO PROFIT AND LOSS (1) ! To Cost* or ! Operating Expenses | (2) Other : $ 691,343.31 $ 39,163.31 820,677.S3 -- 133,990.24 . . -- 196,629.17 1,220.44 77,329.67 113,904.43 33,799.10 79,109.01 133,930.83 -o- 3,241.04 -o- COL. C CHARGED TO OTHER ACCOUNTS a> 1 (2) Account 1 Amount $ -o- $ -o- -0- -o-o-o- --o-- -o-o-o-o' *o *o* -0- COL.D Total $ 730,513. <S2 820,677.82 269,894.72 38,799.10 275,738.18 155,151.32 77,329.67 8,241.04 3 >t 3 to oEtslidatd too aflwoat of rentals mposa fc*5T for tom* ireat4 #54^?.0, gprcoreotmtsi -vCalifstrain' mining eoapoaiss, o o bebo c a took /Aserloan.-Sisesalws Corporation, season a took American Zireotiiua Corporation, preferred atook OTKZB SEC0RITI3S rirgSTIgMTB 'rft^.'Xadieato^'rod figures. . -o-0- 31,500.00 5a.096.00 $ 83,596.00 $ aiAssffiscsaiatssssaQaaflna |H|k HI' P " " ! Soto A - After giriag affect to adjustment of that company* o'-not" btkrrent asset to Control Beard rata of. exchange in effeet at Oetaker 31, 1940. JSTota 2 As shewn by unaudited statements of those companies. The portion of not loaa of Amsriean Zirconium Corporation applleabla to The Olidden Company's imntmiit In that corporation os shown above, inoludos proportionate chargo for amortisation of amount assigned to patents and licenses by American Zirconium Corporation, vhieh patents and lioanaea were acquired by that corporation by issue of its common stook at date of organisation. See paragraph (e) of principles of consolidation appended to eonaolidated balance sheet. IKB liVHt.il`'jl- BiliiplllBliiii llliiiiiil * S; SCHEDULE XVII--INCOME FROM DIVIDENDS 713 aUDGflf COEPA1T . Fiiotl yes ' aaiUd 0ibr 31, if4 CO (1) Cash COL. B AMOUNT OK DIVIDENDS (2) Other (3) Total of Related Captions of Profit and Loss or Income Statement COL. C Amount of Equity in Net Profit and Loss for the Period man stock stock ton s took !erred stock O- D- - 4 -o- -o- 31,500.00 52.098..00 4 83,598.00 $ ** ssaessssatuanaaiasBm -Q- -O- -Q- $ -O- $ 65,594.07A -o- 2,044*23 -o- 10.085.22* $ 57,553.08 sft at 9aias nrw -O-O-o- --Q-. -o- -o- 8 47,4S3.76*B -O- ) 32,702.42*8) 31,500.00) 52.096.00 4 83,596.00 Not applicable lustawmt of that company's not current Assets Toot at October 31, 1940. tesents of those companies. The portion of Ion applicable to The (Hidden Company's above, includes proportionate cbarge for its /and licenses by AmorleanZirconium were acquired by that corporation by issue lion. See paragraph (e) of principles of Mtlamoe sheet. / S^warki.-.* : r- '.V. t' f jWM , -1 ; *<* llfetiil WTUTdD 3U1A2CB StfipJ IS"-SiiiaDSI SQ1FAM' AlfB iSOUDAfSB SKBSIDIAEfS , ' ' ' ' QotoBer 31 e 1040 A a . .1 ; : Ua /A' ,,A; --A .a ,: :L;V`a ;--a a a *. ; |BeESBssstssa'sa>siJ!SSB5as3t]B.fflji,iarssjoaaarisasBa*aBisailBss:a3i!3*sjs!a3s.s33asffls33S5s-:i i mm >- t\ - - ' * &sai ,4psit3 0. -!./ twoiptaa 3 2,124,192.20 i ` . : reeslvaM f 72,141.11 | __iaffilLA2Msi 4,781,955.59 i I 4,590,872.3a vr-1/.p:-'v? 1< t r ... t&s -* ^fr'/'wj&Sala J>1 *' Vj '-i (laelttdee aims $ 3,011,331.94' || s* V>?*''''-I ' f <wrts* la *''--*** 'Wle, 'affiliated @pwy la4 mo&mtB .roeeivable 8,804,282,40 >.Xg| 10.812*010. <18 t 88,803.88 i.i 'L>'S ylaia eee$ttaiMat X8a-vtfeaaveeett xtt-: ` T^piftyal mmrnt '?4Q-*ai4iii* six' a ; '*r^'.<5<hila ST a " 2'igMua0r: at aaat*'.Sr T.' " flVTWeBwdal III f .. - IS,@0.00 137,500.00 $ 1,117,552.71 |, _____893.QQS.QQ l 1,307,533.71 , K,'c , * vt mn SiSB'-PWSt Wk / .a - V..... *:* 1 ?a*SrMK% ill ... -- , `;f A' -3 .@@raa% yaoe&Tafcl .- 9 0al33M # , -a-:*.-:'r-:<^SfSSS- t ' 70,944.49 ' @1,794.23 .496,339*701 48,430*471 $ 5,313.73 . < r I'z-jiz.rja, Mbiaevy4 c^dl^2rfc, at :4Mi if. lypniitl - - --.'-*s~'4kt3&9 T ."crc* '.*^5""*'. f@# wvalnatiwi a "teM: @f $@5,335,438.93 Av?v v a - !"'r+p&ta. - 523,595.79 > //.?> * 11 .i fJp 49prMlatloa ^?,7S^@ol5dale 72 " ; s:vg$&*^3a@ 721 isntw.. e-r-:. 98AiaMaiui, at mt 2e@ osk 4 rfirtSftB A"- r^r,,i!5tw,-V'a%-f@i$^l*ii JST"'trrn`s-r`;^f \ ,, * CS; aftvtBitoiaa - = t-*3wi@r mmi iaa? . . satiea '-Jimm&am, J; V; ; :,73|iS8,@0 4, )u iaa3jB*3a*asaBoaaes-t38a*3i*sa3oaa*Baaaa*Baoaaaoaai9BaB*aaB*j,osBSBsai!saj!-K ;, QApTS&L SEAB13 Am S^SfUfB ' ..............:;g!lRlii'gTA'IABXMTXiea-;-. - ,r ' I 29lS^e193o2S Aooouata payahle-1 Pye@@istg, &MtaaJ r - <> fragaa -;and &9 ' C&ay yH tfao a ! 40r>ao,B7a.3a ^ iuSb^tf... f '<hxM *. yr' *"- -m -'I ''"''"ft SffiHSStfr 18 >10a43Jf030.M < fedS'fsl, 4alat aa4 m iaoeao*st^aatd' w* * -ft * .. &&1 ^ aa imjss&jssh =teSatJa Bs bA | laaiio-priaaipmi aaiml saSriag $$d9$8009 aw^Ully^a 1 194S I 194$* $a$ - July' 3.' 1^44' "atrt at'1 m- fc-.... _ Serial zurta^aataring J?alj 1 If4 ' at ?$ ,,wfSy4iSSj4tetitot if pan oatraata to aar&olrii For aiingbiusxaa i.n....... .i....u.........n... 1 j' i' j" iisxARY msmat^S;'^m C&pip&i 'atabk-s|o^adi EttTptMW1-' '> " Qmiih..9imm ma aeayuig-aatao .* v Gaa^artifelo proforr4 4i# aanlAtlilf.- a sfear (rwtewsWLa' at #18* Sf|....... . - 9 19419 . iaio<: 4a ad thersaft> is ..of es ai8&)s ,-6-Mrt A>ails,ta4 8OO99O0.' 0ar^fft4 i- Issued ,(Ul6 OBt* f-;!; t stead^as " Comoa* afthoaat paf nlmi ~-ss Awm?ia4 Oatatasadlag la* @|4feg lsw7 Mws .- BoalAshrA fw. ooa* vorofba Ite'tM Capital Siiyplms-teb otatoasat*.'. Capital1 ^a^pla .,. Baam4 jsssplmt .. if" o&^Stalr-ifeteak is .....si-Sa&rfm mi a r; <^9MMiUl9!l6tt "w -MiHSim ef radii w ioS.98 Of W >g.tteiiiate^awiug!i.'rn?T;CT?1g':ei^Jwi^Eg ;i5t*KBs`'ie!0 .I ^lABTUTI^a. SA^mi, rntA M ,@trad ff@dml 8810JQ8 ti'8 tfurtas^s:ppt.^*$sgi-gr?GBi*arK?;ssrrJH?^g *-(' *WJ I * w-occs.r.: JUWrt^SSM-Q^ *'' > ah w u tar vmt9 ie,t,,u ' . gdemX,, ddLaioa a4 ag-sc _ awwisats wa&mtsg $$0$3$OOQ' ilj l# 104S,<nay lt IMS* et iatpst at S|jS irtag jruiy i, lf4'Ir l;ftar*tfk*%.3gK: %il , f open eentraot* % caffet^V*' /g^gr9 9 ***s' s?r4 j, 4^ wmaSxH'r*# ' twsaM at |ga. sr " #& i 1941* 1st V "' t ;s& thesm?tm ist t mo o 99Q&: m: I at . . ,! . . 19,940F Mt-f fBlWI a9o9@s;: .:,te : massy ' ' al :'seats avtn 159,883 ASMS k in tsmmay.t^% Ills Hetenxea `.Vi,,oP`'i*J5 foItt SMSf ! * ^nri v a V'-la2^-2 rt*i*i **** MIMMtra1 <CSL^4 V * I 2ftOCC5."C Ss-TV*^ ,f i*J* -4-* * I ^ s'* aiHVB^BSI ' >'; i W, -j t i * ' V JHfalKsSl -f- '.ifiK- -SKr*- ^ `" \"ty >.ks-Vi*|,'*,` s~st- '1' atstaeilag .3M9JL&*II HuoXltetJloa and al@ t fonprt* 'WKKSNm ERNST ft ETTNST tlth QLli :;it ccrrmr- a s ?' ccscLiBrt?KT> ^L>,1 . . pctobor SI,,. 19M : ^ (a) Tho taventerioa inoliido so in4a , . ^ '* j , S inL!f thTO Paals consist alaoat 5A* * -** *v*'. ,for taaa ooapaalaa as the OMmatr?!: ^ '>S * Vjf1: * ' > . '(Sl^th!**1*!*4**?* lB r**Poot of fl) the'a -v 't m2 -1' iii weiti ....ieeTof r*i -aar !?*n ^ *"' s^~ - yj: * iwisto.taS; bJidSfS;J, "B^*^ppl ~->i-.*..) >*oTM ;i" ^SS.ri-Jpi^S' i'L-iTv :J:5-' g?vur .t e" LtaaJLf T" me , ihi iVsi:" ;Lii;t|ewMo!-';t$iv:;i#W1 'Ji80ifwew.i!l iti-^i*ja* STsLSjr3?,*fccs**^-n^3tn,ifrl75-ia i*img haega eeaa&tia fy@a jpwSBU3SiKa l^*s^,^!r4e* of^cr ^ 4**at': aeaate '** '*a *'n (?w- ~--v BAlIktlM Of ttoMsmta'r" 4l(ief 4; ?**WtaugP"l9 <a eo ;. .... ..ii.:-ar'';i': oooi&e _,. 'y,. ,,,,. .'.. ., .. , 1 ,y .-_ ' :. ......... ' ' <|,?ao*e,<* f (J) tf' CT'rtT',i:;" , ; s a* %hs *** *t * eoacflf's .-sfcoac*rT -dS&nif ;# ': " ;;ifflt8t. .la: tts. SLaa n jaEiNtii a tesshana8 4 : ooi#!#atin.. at 'ii?#fr:.:.' w,5.. a *Po*fata^ eM iie^msea. aaaigsejl *laB ^gyayioa im owaioloa tee ttecSc ;.f:;flle; flliddsa cab^ajasswaraia :a4*lr^e9aat:!f n MUt'f) er-rs** qnmt ooqalsiUoHPso^rf aa aaunsdl to the iareatisaat ia that G^TV'vStf $~i r a0hw by amSltod fcSeate? J?c?' sSt^r" &M,il@a.sa. by th< eeaporotiea .mi.3f its JfOTSr TO OCIUOLII34TOD 7a Xa *T. dfSS? TIL. GLTIfflon CWA37 XW OvliWwA?.,2 SUmXA&ns O?toter 31 s 19 40 t,,, v j , Sto A 'I&a Seapassj 'fSs4 At ai@a%lal to ai fetus? v @ssfSssat la %& saintaia @atlae@ eposraii a flit '.ptiis.V/JjjWfcpiA?Ooj|rtailnallef it j&ft&tft otagagod Aa yfiaiag 4 oils* awl tea r#pi4 to praetie pTOoosalag ss&S f psotoeSiliig: l > >,!t' i, ^itsSf/mt pesitietrof ii'llAsS> a bead mA jw-efaaa @waitaa#jt y/tf ^Ss^teaBh pleat ^gataat %tatia4 teas1 la ssstieet pA@@ 7 ' - >3p tdOs**eta f? ftstw dellvesp t mfimA @11 m.A pgr#!, f . -;:;V-ssti?et5G.adSs3 to 4b estopt1 aireeaatoso po^alt aak&mg sto @@ .(M W>tst# aa-S &0itess%at#i peeift. pasrtoa a b@lag apjslte&M ,'V V}*).1' * eeatraato* ;\lt 7;. ' TssigastiM pasaltaaoat to tba sta^ toay si1# is i .v4^fcaAed An toe Amrt@.rtt8> era pspiood at ettf 8^taa-lAll5? 4f'4 l3Wntol@@9 asonpi ftefafisM g4@to f to psist ,.; :tJ4iplsAe# w# pyi@d At to levasr @f MiwisM rag @@t :. ^ v; `mmv7* '1*'is*%,*?p?iiis9desas ttoiwe tSomtm. Pia&abod poedoeta t toe jptiai divioiosar.-' off @ss t Cts,!rt sto ooavoce) i ';K '\''|vW%siiamit msto% i' *'^ * . Ses| Si jfiipais WV'*,A^VJj2laTi'a?ld$,laf#tatS * at tS;i`;:'TO.sass*t:s^ a A% off H@ mm isela& >la. suadirp deposited visit a teas V7'- tooataotioa wls*ii* t^pMaSioa iswwsae ^@ttea6aS@0 an S! ,, >- t s*& s@wit&e at festote 31# 194# is ttos wM f aH ^Miiaiat @a?4Sta 4 aft tlpgV'pm S - pleat ml ^mlpssmt sat %mA em Sto ' " t m as?i?alal. TOla la sroswwas pwrM@& fr im* d9^9illa> 1& fftmiaia pfs'ttoa ^fS#@@Satts ilaga Am tfe @aa IMM of tteM feA^la.,>W,*'p?r*ia f site ovla6iea,[mmmm ^i#lt ^^MUflnrttMnr. .-jraMo - --------mm\t twmm% to stim%# Ttlaitt?|wrfiMai toolag' t^tljjwr 4t%isi^s4 tr tto S4 @st f #*^otyr pSaat loot vto .mb / 'for otoofe* %sst 4*' 'mt'"'iatoaM^tO',;piiioo9at to : .. rfe - r-- i liiilliiil ^HiSSiSslSI " i*' *. , ^ wJ-Vi'J "-t _!> I-- ........ > sm i r.-V i @t U * ffeo teioatwo# I*;'l93& solatia! to aasial te at tte ttlaj oat agscMwat ttet e laaf ac aar tM @%s :aaa&l fe# aatataatiair tba aap 4ivi40fMo9, aluwsi Its etofk tM aaift 4ol<w pap a tup of its toto ('oaiiootyt aaitfiaatftaa thatjtfiaiv!iapaar aar iai-to m:;rol?$eal ef its aa&e diotaitatim la StepoOt tooaete# crro:--', tm% mt MrMapi9 m 'lb: to iaSontim# ^mtstoaooat^to @toba 34# !39 i:r<r?cT a srrNOT assstsi Suite -a *-'-Sa4-gspi9ar-'yff8' eta4a ** fawiatca tm <SIgia ni I9 m, Sk it s %s$a atoaat&A t smglm* Xt swats itm Wg@tbz aagstidn* 1 tofaM tm federal imem test pmvadm-rttow iTm > jean INS It* INS isfllasS^a, &M fc toff@d asaintt'MMd ^ sw'flws1 tatteasd at' m$k%& aasplaa* <tlM vnyiaUw afete tmfibm emmmU ,w<wiM |6VSS1V364*80 Qatata^Al* ino^tSto tewa Us " ' -r:............... 'a^lia'a^hlwMalf^i tmm tm fclss. j?@sr sfe3 iff Sft^SMfeV': iiip m m'iS. >. m> >>. ,, 1U8 ERNST A ERNST CQSSOJU^BAXSP SSQJPIT. AB?.- X4SIIL ISS. GMDPJar 'COMPAIT A C0JJ30UCATSD S03SIDIAHS2S Ftaeal year ended Ootber 31, 1940 m , oaosa ia ia s s -l k s s d is c o t o t o . s u e t iir b s I cc^fof^WQM'i^feCaotaa A and fi ii h' MAIOTACTTOIS PROFIT ' s ^Sundmry mB,mllaa od prfita oa it018f,733,04 _j^,43S.94.ia ^-g78al500.73 JmBHiolCvl ?ri--*. t auurofeaadlst parohasod and aold ; ^Dividends nooelTodfSolsodnlo X7II- : `b'nUQ ' 'V ,! ' BoooTooy on Moouati pmiousljr . Xa^tarmaiotdoLfafo' d Rental laocn fvofit on al f oouritiQ ` ?io oourltios ^ si3f.^.rj 83.594.00 40,491.41 14.337.5S 11,118,89 180,40 ____ S I /.cm - long team dabt -' ;: -. * : $ 93,703,14 17,893,9 Pawlolon foar doubtful aeeousts- ' :r^)8lbdiiM-XZX. 149,189,73 40,&44*8 Paprl8ia.t9 ad4us4 op atoaots V?l\ .; ; ' 80.818.00 3df iBWMraao sspm 15,449,48 '" 'B'raBdify ': .- ' 14.347.58 : -'- XJtQFXTBSICRB TAXES Smrrlm&on for fodoral laeM tax Pnriois fen donlntoa itoto #398,000.00 m ii nem w wSBt n ax s ,..v\: TrlM&plM of lldationi (a) Tamsssnotioaa botoeoa' tBo posomt ltd ssbiMtortH iMltos no v..-tpsrofit. i:i Into^-oenpany saloa aro aot lnolndod. Opof&tlag aoeouato of ttoo Canadian subsidiary oo laolndad on a dolloar for Osllav 8odl8 lot ovodlt of #4,700.49 ivlilM fm n49tBMBt fof not eannroat noooto loontod in Canada to t&s Control Boosd vato of at Ootftbor Mi la Xaoladod in; onndtp -atnoar 'C ; 840; aotoo on following pagoo if is .fc !x! .'JS 'B--2H ERNST ft ERNST mo w s iQ.JBsmauMUstmar.iT a s p .urns q t a t k mk s t ms omscsH c o k p a iiy a r d c o h s q l ib a t k d s u b s id ia r ie s M> . Pieeal year ended Oatobor 3X,, 1940 1 Pet A Inventories at the beginning and and ef the fiscal year, In the respective amounts of $9,779,601.30 02111 |&0612*030.66, .have been used in "the ee^mtation of'Goat of Goode Sold and were determined on the baaam not forth In Koto A to the jolidated balanse shoot. as Soto B - Depreciation, depletion, obooleocenee and amortisationi Tho policy of tho eemponiea vlth respect to depsoo&o tlon is to provide amounts oonsidorod by tho management as fair eat roaoonsblo to oever wear, tsar and deterioration of tho [property on a basis of ppoeifie rates as determined. It is net oortain to what extent obseleoeenee is eoTored in these provii , as, channels 'in the 'art nay result in shortening the useful life of the property. Tho Company does not believe it practicable to at forth the rates in use as eush rates have been determined generally as* applicable to. specific assets or groups of assets in various geographical locations. Dj?lQtio!J io prvided for at unit rates estimated [amount of remaining recoverable, ore* . Aortlmllea of intangibles is provided on fCdlouldied to writ eft the coat of such assets over theii? lives. : ' ' -/:l ' . Tho Company's federal lneea return for yeiar'A. 1940 was not seriated at the date of thid hnt tpraiatin to be plained therein will 'iln thi statement due' to depreciation on coots written- off os* credited to revaluation reserve . during 1933. Expenditures for- seals to. [operatins-; expenses and .. to the patsperty aooeunts. m for betterment - The recorded amounts of properties retired of are charged to related reserves for depreciation on if ouch retirements or disposals Aeteraimtien of depreciation rates, if ` i wore net contemplate*!, the asset aooeunts for depreciaties and revaluation are reduced by therein for such properties. Soto 0 - Dividends in eteeh of affiliated in thla staiasasnt. The Olidden of this affiliate for the year it unaudited: statements: -and -after. Of ..patents. and licenses, aggregated 1* nods to paragraph (e) of principloo of ssnwliiati to ooaselidated balance sheet. ; ERNST fk ERNST ST4mg.1T 0? CQH&QLXmgg 8Wj;:; IH* '9LX9I&S 'COifPAflT AID COaSOLIDATSD SUBSIDIAMS3 ,v FIs*! rar ada4 31: 1940 ';; .-^BaaSaffi# tfovutor 1 '1939, Octofcor il, 1940 wm MM ; -'I ail I im lmbr 1* 1939 MM Mt profit for the flaoal roar oadod Oofcobor 31, 1940 r#V0TO48*34;f l.OlfJ--1.--< Oo4Mt eaoh dlTlAonio paldi Cwrsrtiblo profo.rro4'; - $3*39 - #1.10 a oharo $ 449,834.4? B4LA1C2 0CT03FS 31, 1940 ^ *9,48tTl.i l^ Soto - Roforonoo io aado to Xotoo 9 oad 1 to MiaoUlaM' . telaaoo'. olMot* "O lif *. \ ' * . 1 -r. , 1 _____ SCHEDULE III--INVESTMENTS IN SECURITIES OF AFFILIATES b b ttssaor cononr a s ma s s mszsxAiiiss - . 9166*1.-year 066*6* 3T 1M0 COL. A NAME OF ISSUER AND TITLE OF ISSUE COL. B - . | \ COL. C BALANCE AT BEGINNING OF PERIOD I ? ADDITIONS (1) Number, of Shares or [ Units. Principal Amount of Bonds and Notes (2) Amount in Dollars <i * j Numbed of Shares or (Units. Principal >, Amount of ' Bonds and! Notes ^___________ tJ___ 1_ (2) Amonnt in Doll mtooib Slt Mini! ! ' * 1 if ' ilia -let# A - SiESSft .,, m ;:U42*@Slt8: .'.GSpOV1 tMfc Casrpoaratioa* ft2s 1,030 $ s.oco.o itf J ''! M,eM.ao :,; a: iM.woa.eo 6sse a,M $ 9,001.00 \ $ WO^ILSS / sS#if ij Id S&3 A ,,&o 5a o3&ei$<> tis..: .669A9 . i? `isiiiiif' ^ If j ! COL. C i ADDITIONS .i <D (2) Nrambtij of Shares or! Units. Principal f Amount of )' Bonds (andi Notes 11 Amount in Dollars i , i -- COL. D COL. S , DEDUCTIONS ,. -BALANCE AT CLOSE OF PES20B'. (1) Number of Shares 'or Units. ) Principal Amoantof . Bonds and Hotes i 1i <2) Amount in Dollars ' <D Number of Shares' or Units. tl Principal |, Amonnt of Bonds and Notes 1, (2> 'Amomt in Boll^ra ! Vj 1 fi : fe,| y ,; , ; a.".;Y:v :*.i / ii* :^V; r J : Ai 1 ' | 1 !{ _ !' . i | 4 ?} ; .1 ,, S :K ' -- ' V ... 0> , ieo9 im 8pOOOoOO ^i@98e@.`80 ,. y.. - tsaf. ' V:\ J %;'#KSSSf' ?? :a;.: %l' . ' j sV -Wi .S'''- " *. rf .1- *'"'! '.. - ' 'w - ...... f ... * . 4 * .* .. *.. li-.l'- i r - /- ... - V l'- ' t -i c -f!;' ' .' S * V. I1 t ! |I $ m0m%oc~ ~msmzM 8 ISfGei.@i .*. -. . ,-v -. V-- t 1 J t 1V' M f . . ! y,.-/,.;!.r*!:rc_'"-;!' '; A:A:'kiA:.': .1-t -i ! & y. `t \ St p v| t| -1 V '-y-'r . y. ' Ml.: w, . V" 1. . .. 1. - ' ^v .i -fc* '"l A *i i v ? r;;, 4 i ' *V: ,,- i, ,'iV . .; .;. - '. , " v>/ s vji ;vs;;.; >v- & , ,n , " Y * W*\ III V 1, l i '' fr i'-Ai'} yyyyyyy-:iy SCHEDULE IV--INDEBTEDNESS OF AFFILIATES--NOT CURRENT THB GLimia COMPANY A32> COSSOIIDAISB UB8X2>lAHB8 ' , a44: .Octojwr 31, 1940- COL. A NAME OF AFFILIATE COL. B COL. C i Balance Receivable at Balance Receivable at i Beginning of Period Cloae of Period .^i$iAa^a^ssggsMaAisa fl California Xiao Ctapaoj AfUa'tiiottgiU Xiao tflaiag TOTAL * m99ft.?3 HM,9M.I0 $ ?$T4e .jdiiai&tit oumn cANr e CANtrr COL. A CLASSIFICATION Off1- 1^13481 .lflU89 hmpnyrmujsntm ' Bailvaad tiding* . Balldlffi : MaeMasy and aqaljfmasxt fteaiinr ad fist;ay,, ; %iT :: qnifMnst .Castrtia la py SCHEDULE V--PROPERTY, PLANT, AND EQUIPMENT TSB OLX3SD59 CGK7AS7 A3D MMOL BATES SUBSIDIARIES 7iae&l year sd4 Oototmr 31, COL. B C OL. C COL. D Balance at Beginning ; ! of Period i Additions at Cost . Retirements or Sales $ 04,091.54 2,424,614.21 89 ,'883 20. 71,554.63 9,135,305.61 12,174,284.05 705,721.79 102,916.40 $28,270,260.70 3,232.05 4,350.46 14,787.11 M9 ,020.44 ai3,942.03 \ 14,003.54 9,023.24 990.55* $1,343,407.41 285 3,879 29,206 150,355 19,283 25,215 228,229 a * ladleatos arad figa?. SCHEDULE V--PROPERTY, PLANT, AND EQUIPMENT m a b b coasccLiDATiiD s u s s id ia h d c s ; Ti--al yar d4 '0*tir 31,1940 COL. B COL. C Balance at Beginning of Period : Addition* at Coat COL. D Retirement* or Sales COL. E Other Changes-- Debit and or Credit*-- Describe COL. F Balance at Close of Period $ ' 84*891.54 ' 2,424,614.22 : 8t,8i.:S 71,656.63 9*138*308.61 12,174*284.08 708,721.79 102,916.40 - - 481,416.41 $28,270,360.70 $ 833.49 3*232.05 4*380.46 14*737.11 369,020.44 083*942.03 84,003.84 9,223.84 1$8,990.83? $1,343*407.41 $ -O- 285.00 3,879?52 29*208.38 150*353.25 19,285.80 25*215.64 ''' v-- 8 $ 228*229.59 $: $ -O -O- -o- ' 8: " -o- $ 35*730.03 2*427,561.26 93*904.32 82*464.22 9*675,117.67 12,877,870.83 740*439.53 86,924.60 315.426.06 $26,335*438.52  Bcmmn YA-mtmims t o r mwAi,mTim - ras GL&ma c o o *a h y a b b c g is q l x b a t k d sossiDiA^rsa fisoal j*r eadodOototoo? 31, it40 mmmjL CLASS mCATIOSS -s^ggi# BKOIBSIBO 07 TBS FISCAL mm a s VER ACC0U3T8 CPU ABDrj to HESS Load Bttlldiags ttaeMmsy aad e^aipawn Toymittird: ossd fistsuras Ralliraad sldlafa 5 4SS.T97.t7 $ 1,598,951.04 1.363,133.13 S3 ,087.99 - .339.77 3.438,349.30 $ WMWIWIMWWW Soto - Hut rMmto m pmldtd tgr sbargM to MpiUI Rurplss aad murta lor (UpTMlatiMi to oliaiaoto oipproolatlon of Troporty.* fAaat oad oiulpatast, aad to roeoydod onoeata; v to ootit4 kaolo of valuesdaring 1938 os datsyaiaod by thm Board of Blrootors. : *l**lillS.* i**ii- i*i*lli* t*' MNtT I ERNST SCHEDULE VI--RESERVES FOR DEPRECIATION, DEPLETION, AND AMORTI1 OF PROPERTY. PLANT. AND EQUIPMENT THE QLI2D & COMPABY AD COKSOLZBATEX SUBS1LIAR1KS Flsal year etkdod Oo$otor 31 1540 COL. A DESCRIPTION Orm Ud As oed 1u > Land inaswaacnts MallroftA ttidlais BmlXdlaffs Umah&Mmry and qu/ipsusat Pn7Bltu7 nod COL, B Balance at Beginning of Period COL. C ADDITIONS 0) Charged to Profit and Loss or Income (2) Charged to Other Accounts--Describe > 37,679.40 8,423.36 11,428.38 2,034,626.87 4,650,867.44 388,899.56 ------ HkM9.ll 97,203,788.31 5,151.86 10,742.14 1,436.31 192,300.99 578,388.68 34,143.19 13,590.82, $ 835,753.99 -o -oo -o--Q* _r: '-0* atcrasmssstwea. DEDUC (1) Retircmt Renewals Repiacen 22,* 79 ,J 2131,.4] $ 136, i VI--RESERVES FOR DEPRECIATION, DERLETION, AND AMORTIZATION OF PROPERTY. PLANT. AND EC?UIPMENT OLHHril? CGMFASTT ASD C0K3OLXDATET SUBSIDIARIES FIal .jr^UUP 4d 0tObr 31, 1940 CD COL. B COL. COL. D COL. E lance at Beginning of Period ADDITIONS .(1) V.'.' Charged to Profit and Loti or Income (2) Charged to Other Accounts--Describe j i j DEDUCTIONS FROM RESERVES (1) Retirements, Renewals, 'and Replacements : j (2) Other-- Describe Balance at Close of Period i 37,679.40 8,423.36 11,428.58 2,034,626.87 4,680,867.44 388,899.55 ____71.863.11 17,203,788.31 $ 5,151.86 10,742.14 1,436.31 192,300.99 378,388.68 34,143.19 13.690.82 i '$./ $ 835,753.99 9 : ' -O-- . -O- ' -oo : '-0- -- $ , . --O'** ' . - -0-." ' 22,769.91 79,233.78 13,682.87 21.170 *17 I 136,856.73 4 V T -O- : ' $ 42,831.26;oj -o- 19,165.50 -o-o- 12,864.99 2,204,157.95 -o- 5,150,022.34 -0- 409,369.87 -o- 64.283,76 -o- $7,902,685.57 ERNST ft EHNST COL. A DESCRIPTION : aad t.2rsda--sRaxka t sTLaujrao4a?t SCHEDULE VII--INTANGIBLE ASSETS THE fiUDDisJf CCUPAST AKD CONSOLIDATED SUBSID2AHI1S Tlae&l year ended 0,totee;r 31t 1$40 COL. B COL. C Balance at Beginning of Period Additions at CostDescribe COL. D DEDUCTIONS (1) Charged to Profit and Lo g s or Income (2) Charged to < Accounts--De 69|364.88 16.85S.4S $ 85,217.55 #10,000.00 $ -O- # 10,000.00 f 6,206.23 _2rl5l.T2 8,568.00 f xn.mi i!?nB TJl eoat of iatsuaglbloa la amortized over t&e reisalialag live of ftasatto. 4;'.;*. at 'Jeginning P...iod Addjlittions Cost-- . Des d c DEDUCTIONS (I) Charged to Profit and Loss or Income (2) CChharged to Other Accounts--Describe - Other Changes-- ^Debit and. or Credit'- Describe Balance at Close of Period 5ji-:lSd $ 10 6,206.23 $ - $ 73,158.60 is moever faia SCHEDULE IX---FUNDED DEBT 02JSDM COKPABY AJfD C01S0>- XDATSD STUBS XDXARIBS 0tober 31, 1940 COL. A COL. B ,,; c< - <* . , 14 :1 %Wm0sMmmSm: NAME OFJSSUER AND TITLE OF EACH ISSUE M * . 7-t-:v - (Sfjffwusiy-laa; tom Itutif loaas '1 taqtato mtwriag fmo ,,ooo.oo i-: ' m | 19 1043, July 1, 1043 1: 3iMS4*iat;?a@t a:.t ' '* v t c ^ 134' 'soi'is.l nets-matwiB Amount Authorised/ by Indenture Amount Not 1 i- .- Cs nVW^CVO*00:-: i,;S S^OOOftOOO.OO ] S,0( ISigiii a^:-.' ~ "'V*':v .* ' JJt . . vi-O-.. va&raHK HMHB i-- , 7 ';:. v v ,`=v,'.. . -V; < /. lliiBliSIllSiSilliilliiSliSPSSilllSIisiiiSslSlIiiiMHIiSaBiB - ,"l > V" i , s* .** ,,* "v *. jTx* -.V .v:- ,'v . :' -. 'S;. tS -'fiS-ssis'iKVilS CNNT ERNOT f>- -41 m mmmmm I 7,7/ - VV.v, ii' ;'SCf&itffiE' xiI-JiiESERVES;' ;" 7' tuttri eooRKsr'j mstamssra amom* WirntuX year. mM Ostaiav 31, If4# COL. A DESCRIPTION &:-z-------------------- --------- sitea,. $e. COL. B 1 COL. c v.' : ; ADDITIONS ^ Balance at Beginning ; of Period ' (1) j Charged to Profit and ' Loss or Income .' Chat Accc # 1,S33.3X ; 14f,129af ; ' ' %* . 9.M1*SC' ; f 18,S2,,?&. $ /. : i40'vis9-TO 7 J ,** 4Jfflaat @f peas estimate i 1 .6?,095.6 Jt. ' 800.000.00' ' ' ' 20 .SIS *007' : $ 80?,885MN $. ,@1S* $ :M@t9. '*'.;Iimw ~4| :p' ai^.te Isgisul^ of "th*-jvi ,"^-w',j`' *'-* * \ ' ' fgi`: '7<.,;-77' `-v?':: & ' - ...-. ." tt .1. f WMMMB e --S-.MJ -V * '4 PfiBlSSli -- W'i -'-o - ^ . V| * ' . * *'* ?-' "; \ '%r;1#'%^.. srT"T;*j,wv4 T1 s' - ' ' ' : , .// "'I. i S-.-'.T.- .' j '' ${$- ' ',. , . */ V'iV'! .: :; flWSBU>IICE' XlI-iitESKR'VES;'.,; 'curariv -omsut <sm -sumauxuaMa msDiiins' etfcr , 194 .' -/^'-.'-:;1v'.t*v ii-J ".. -v '* /sj- . *'. -..,v'.,.-.rvV t%"/-'X'-V-'--:.rtVf,r;' CD COL. B COL. C ADDITIONS 1 Balance at Beginning I of Period (1) (2) Charged to Profit and j Charged - to - O ther Loss or Income Accounts--Describe COL. D Deductions from Reserves--Describe: COL. E * 11 Balance at Close of Period : "% ISI j,828.3X' $'14#,129.78 '4 iS&yMSi* 19' '!)< 9tiiag' -m '<> ' $ 134,889.884 ; 1,910.484 - ' ' ""-*<> | ltt',083.Sl . ^ ; ., <14,131.74 - ^ ; :1 - $ 138,880.33 'S| SOS877.SI :i; att il.:l68 f- -o- $ " '$ -87,888.88 Sss. .mm^xssL . SO .000.00 -#* .:" $ ' 17 c013.0 I :u?t885.86- jgg&g >.{\ i : 'i1 tfSfeV - `agS^-* . *-Srf7iKfc ' . H1'1 WHWM81L.-.-- ' `f/ i W|8ilKB8Mpw|BBffa|MaaWpMf^ppa!M8B8paHiW|BB|i|WHffif^ -i J` . ,,' e b n St a (Mf-ifST 120 '' Sc h e d u l e x i ii --c a p it a l s h a r e s ?ASTT AJH3 CQJfSOLlBATKB SUISHSIAHISS Oetsbav 31* 1940 COL. A '^'K'AM*^*ETLOEFTOSFSUISESS'UE ID COL. B Number of Shares Authorized by Charter COL. C Number of Shares Issued and Not Retired or Cancelled COL. D NUMBER OF SHARES INCLUDED IN COL. C WHICH ARE <1) Held by or for Account of Issuer Thereof (2) ;. ..-.[- Not Held by or i for account of Issuer Thereof 1 COL SHARES OUTS SHOWN ON OR RELATED BAI jUNDER < -'CAPITAL (1) Numbi: i - * r-'v . CWI I Ml- / fl* e. . flj irw'T'".v!.':r`'----- *?(* . . 4*;,? "v^^asre-r^'' raA'1* *%>.' r. - . 'I jor* \nlao 800*0 1*800,00 199*94 Stm 18,691 190,840 18,S9 im,im I .ssiMm. _ i $3 . J-: i..'r :c ' Tsswr-*?* *- : r* 3190*oo Staff* ^ ~ ''SStt, Sr^ecT^iag C~T". *KJ* Am `i,,^^'v **> rr'- fW**? r ' **** 800 10*000 10 80 8*089 . mo 8,980 1*9 4 i. i HWMWh HHBHBb i ....... -..............!>&BB&'B--i, 'V r 4 ", V '' /vi W X,t ,< '.V*, > ,, PPPMBMMWj VQJTtjVv,- ` g$J.J IllfjSl *v *$%?*\*9fvy,KVv f1.1* ^r 4 i if J ,, -* l- * ^ . , e"1"' $ Wt/S; j& v * SHARES IN COL. C ARE (2) lot Held by or for account of Issuer Thereof SHARES OUTSTANDING AS SKOWlM ON OR INCLUDED IN REL/TED BALANCE SHEET UNDER CAPTION "CAPITAL SHARES" (1) Numbir (2) Amount at Which Carried NUMBER OF SHARES HELD BY AFFILIATES FOR WHICH I STATEMENTS ARE FILED ! ! , HEREWITH (1) Persons Included in Consolidated Statements I 1 (2) . . ' - Nut- i-- ' ' Resery-I for Officers end Employee* f 4 i "* is. , Cy VTi^r'etp* Coav*rWF'`- sai ;*r 199>M0 aiStMO i 9,997,000.00 $a sM4ii SatSsM B& Bam .lem . SSern^ ricts^ %?r 990 Vmm lam W** $ 1@,00.00 . 9,090 ffiMM} , Sso>. ;^-as m Step Itea 10 2Ssa 1 @@04,O - alt ,, * *t * * , - I**& o.!f . Jt'- *'^5' MM-- **>* V N/ ^ + '* s'C: is ERNST ERNST *. .i if. . v"--" * SCHEDULE XVI--SUPPLEMENTARY PROFIT AND LOSS INFORMA THE GLIDDFH COMPAHY AKB COKSOLXDATSD SUBSIDIARIES Tlscol year ended October 31, 1940 COL. A ITEM.' ttalaterumce and. repaJLra ` Depreciation and dapietion-Eots A Taxes 1 PSy veil taxes 1 1 1 02 E 1 ! eapital stbek ..taxes. Seats taxes -Seymltiesv Aaertisation of patents* tvado-aarfcs aad risfeta to sassatfaotsure iaoa^eMat aM serrloe eeatvaet .Tees COL. B CHARGED DIRECTLY TO PROFIT AND LOSS 0) : To Coitg or ' ^Operating Expenses (2) Other CHAI .< Ac< $ 700,411.59 $ 40,200.80 $ 055,793.99 154,477.02 300,566.00 2,301.76 04,874.67 116,419.81 38,799.10 81,515.91 163,649.72 -0- ' 8,358.00 -e- e^e ' SCHEDULE XVI--SUPPLEMENTARY PROFIT AND LOSS INFORMATION THE OLIDDEK COMPAHY ARC COHSbLXSATSD SUJ8SIDIARI23 Fiscal year ended October SI, 1940 COL. B ' CHARGED DIRECTLY TO PROFIT AND LOSS 0) ! To Costs or Operating Expenses j (2) Cither Wtner COL. C CHARGED TO OTHER ACCOUNTS (1) " Account | 1 (2) Amount COL. D Total . Ot A rj taxes . : d~Herics wt fees ' $ 700,411.59 $ 40,200.80 858,753.99 -- 1M ,477 *02 -O* 200,566.00 2,501.76 84,874.67 116,419.81 38,799.10 81,515.91 165,649.72 -o- 8f A5Ae00 eo* $ -0-o- -o- . '-o- -o-o~ -o- $ -o- 5 740,612.39 -o . 835,755.99 -0-o-o-o-o- : 270,896.83 38,799.10 282,081.91 165,951.48 84,874.67 . -O' -0-' 8,358.00 Hone *Ar B t awiidated, JLJNMI, ttea tmmmt ef rmatudm vpom fctas Coapassy tm %msm - estplirlias mma iM93T#.OO#rpp0atd **N9T ft RJN8T im SCHEDULE XVII-INCOME FROM DIVIDKMDS OLX&BSff CQSP&m ASD CQ1SGI,IM?> S5B32DIARIE5 FIseal year aded Cetol&af Sl9 1940 COL. A NA M E O F ISSU ER ANU TITLE OF ISSUE (O Cash CO] AMOUNT OF C Oc 'fflOiEsaoa o took r/K;; AwisaaSiffsesiiam C'@tpm&if]p,@@rired: steel i8ffs giy@a4te Cffi,9mtiaee' took V; slwlieat Figaro. -o 31,500.00 ;1 ias&gs. ll.^'SS.SOd.OO'. S lot A * A ^a lsy 'aiia5edito4 tetaasats of thea eospaM. U& ...partioa .'.a ;F1fes* to S& Gll4d@a CcapQuaqr*sV :4Fsta*at'itffl\;,tWi/'fts*THtt4s as' sSMnp'-vaWvs*' 4liidfs:s'pr@^riimto; alias'. tvs. . artlsat#a ;..f .a@4jfpB' t-.:f#ata;-,6M 14#!' ,%- Asarleaa MyeoBtea.- \ M& fstasats and 14@^ w#. asqpiredCkSF.'tk%t eorperatlen'.-fey isaoar , its .essim at-"'date wpdai.t4a. Ss sa^ro.i&. (k) of priasipiess.-of -sea^alidatloa sBppossIsd t 'eoaselidata&'skalaaae b.@et. iiiil A* s . '' m^J ni 4, I * J?, 13EJ *F r s ** 4. s "3* - A? jg|f||| ,, .7.:^ _ ' v, '" SCHEDULE XVII---INCOME FROM DIVfrMi&S; ' 9LIDBM COHPABY MS COISOLIMTSD SUBSIDIARIES Flaws! fmx' id. OetoBr, 11 194 ;.TWO ro H IB (1) Cash COL. B AMOUNT OF DIVIDENDS m Other (3) Total of Related Captions of Profit and Loss or Income Statement COL. C Amount of Equity in Net Profit and Loss for the Period hH rr4 33 eM -0- 319500*00 '-o** 83,598.0; f v^l -Q- -fi t 47 ,,483.76A HI tT --o-- ll,5000 .00) -o- -o- j 32,708.4fe*i./.. L -0- jjguaa&sg ( Ho 4 applicalbl). -o- & 83,596.00 iateaasta of thez a-ospmlas. Tte prfci@a: K . jwmti appliwsM. -4 TJj h :81t4daCoiapsiiy* . b : prper41at d&arg' ter ' tesariaaa Mrcoaia ... 'ta w @t @ f.alr@4 % ttm% aorporafclon BgrloimM tatifta.',-' (@) of prlaeipl.'of... LBalaacMKvbflwi.vw;:v v--.'. 123 x.; REMUNERATION OF DIRECTORS, OFFICERS, AND OTHERS 9. Give the information required below in tabular form concerning the aggregate remuneration paid by the registrant and its subsidiaries, directly or indirectly, to the following persons in all of their capacities: (a) The name and aggregate remuneration of each person among the officers, directors, and employees of the registrant receiving one of the three highest aggregate amount-- of remuneration. (b) The aggregate remuneration of all directors of the registrant; indicate the number of such directors without naming them. (e) The aggregate remuneration of all officers, other than those who are directors, of the reg istrant ; indicate the number of such officers without naming them. (d) The aggregate remuneration of all employees of the registrant who, respectively, received remuneration from the registrant in excess of $20,000 within the fiscal year; indicate the number of such employees without naming them. Name, or number at persons not named Capacities in which remuneration was received Aggregate remunera tion within regis trant's fiscal year si, EMutar#8* tf. w. (!5) 3^ it) Cn Office Tour Pynsi&ea* aad SlvMtor Swing TIm Praoidwi m&. Oiwote* T&M PwsiiMS. s&A SlMaSOff Urn PvnslimS ad DfcrMto* SaltflM Dlseetovs' To m . fNHaW - SalMflnm $ $S9$J0.C P.03O.00 30.0^.90 30,030.00 2P.533.30 SMD.0Q ttSfc183*30 . $101,079*5* % X 7V.; - f')W' 1' 1 ;if the name of, and amount received bv, each person who received as bonuses dr shares m profits $30,000, or more, from the registrant or its wholly-owned subsidiaries, during the fiscal year. Hess" 8 11. Give the information required below in tabular form concerning the aggregate remuneration paid by the registrant, directly or indirectly, to any person, other than a director, officer, or employee, whose aggregate remuneration from the registrant, in all capacities, exceeded $20,000 during the fiscal year. Name Capacities in which remuneration was received from the registrant Afrirrcgatc remuner ation during regis trant's fiscal year SqatM, tanim A Beapnay v fAtMraaqrVP#, & $Ugv000*00 SALES OP SECURITIES BY REGISTRANT 12. Furnish the following information 03 to all securities of the registrant sold by the registrant within the fiscal year: (a,) Title.of issue; and, if stock, the par value, or, if no par, stated vslue, if any.. (b) Amount sold, (c) Date of sale. (cj) Aggregate net cash proceeds, or the nature and aggregate amount of any consideration other than cash, received by the registrant. r ' (e) Names of principal underwriters, if any, indicating any such underwriters as were affiliates of the registrant. (/) A statement that such securities were registered under the Securities Act of 1933, or a brief statement of the facts necessary to establish that such registration was not required. S saaar-i&l* woro ^ jmwv . within Ua flMal 125 fei.,-. 13. As to any securities for which application for registration under the Securities mm v 5%.*\,ssfc of 1934 had been filed and which remained unissued at the close of the fiscal jr&isi fiffnHi the following information: :i: . (a) Title of issue. (b) The total amount unissued at the close of the fiscal year. ^ (c) A brief description of the proposed transactions for the issuance of such ~~a z , () OowBoa itoek without pa? v&lna. yTVr fib 0>) 199,940 shares, (a) 159,953 ahars of eoasaon itosk reserved f? 0C9?9SPSl4s;,dr : 199,940 ebay** f tfe (jca?rtitl preferred .atoak* swsulattv,.; $50.00 pa? value, of lh rvglatraaft, foraioo botreea159,953: aad l99,M0 or,'39,98 fritet currently, required at the conversion raio atn to B9o4 th* conversion.'.privileges of th holders > convertible preferred ctook, : DESCRIPTION OP SECURITIES 14. (o) If any material modifications, not previously reported, have been made in wysficnrity a description of which has previously been reported, or in the indenture, charter, cr other constituent instrument defining rights of the holders of such security, give th<j title of the issue and state briefly the general effect of such modifications. (6) For each class of capital stock of the registrant a description of which ha3 not previously been reported, and which, either as to dividends or on liquidation, ranks equal <UT I'rfor to any stock registeredon a national securities exchange* outline briefly: (1J Dividend vs rights ; (2) limitations in any indentures or other agreements on the payment"c ' ' dends;<3) voting rights; (4) liquidation rights; (5) preemptive rights; (0) aw!es>. ^ ; tion rights; (7) conversion rights; (8) redemption provisions applicable thereto; fiiii! (9) liability to further calls. , - (a) Head (hr) Som 125 13. As to any securities for which application for registration under the Securities Exchaagg Act of 1934 had been filed and which remained unissued at the dose of -the fiscal yeas, furnish I the following information: (a) Title of issue. e,.,--- (b) The total amount unissued at the close of the fiscal year. (c) A brief description of the proposed transactions for the issuance of such securities, (a) Qommn stock vlMumt par Taltws. - (h) 199,940 share, ' (a) 169,952 oharaa of oonma &%oek rnarred for tha 199,940 shares of lb* eonvertibl* preferred tok| owanlatlT, 180.00 par value, of the registrant, difference ktm 129,9:43 m& 199,940 or 99,980 not currently required at the senversien rate ae pr99!4$2ts& to west 4h* sourercion privileges of the holder* of'Iter-^ convertible preferred atook, 1 ' DESCRIPTION OP SECURITIES " ", 14. (a) If any material modifications, not previously reported, have been made in any security a description of which has previously been reported, or in the indenture, charter, or other constituent instrument defining rights of the holders of such security, give the title of the issue and state briefly the general effect of such modifications. - (b) For each class of capital stock of the registrant a description of which hasnot previous^ been reported, and which, either as to dividends or on liquidation, ranks cqu?l or prior to any stock registered on a national securities exchange, outline briefly: (1) Dividend rights; (2) limitations in any indentures or other agreements on the payment of divf> dends; (3) voting rights; (4) liquidation rights; (5) preemptive rights; (6) sroswfp* tion rights; (7) conversion rights; (8) redemption provisions applicablethcii**,sii,%a (9) liability to further calls. l. (a) JTrao .<%) Ion* ^ * s * f, :f : " 10 ,15. State briefly the, general effect of:-- (n.) Any material, modifications, made within the fiscal year and not previously reported, in contracts of guarantee by the registrant of the securities of other issuers, which have been previously reported. (b) Any such contracts-made within the fiscal year and not previously reported. (a) Eo im (b) Sima This annual report comprises-- (1) Pages numbered ,,___ A______to --____----------- nnuummbbeerreedd________U WT,WIwHwly the following.fnancial statements and schedules: consecutively, and insert pages including SOU* # {2) The following exhibits: