Document aDVyroRyzRrVm9wJeNBYpwk8R

FILE NAME: Celanese (CEL) DATE: 1966 DOC#: CEL006 DOCUMENT DESCRIPTION: Company Listing in Business Directory Moody's Industrial Manual ' t assets of 0.139 sh a re s , rtificatst of ock: . !, D ec. 31, hts). ; - _ 3ell m erger 0 par shares protect Inand loss on Sell L u m b e r :L, .an d lo r it th at com- (litig a tio n share split as to r $750,ittlem ent of r applicable ace of 122,- ($2.50 p e r -' f , shares re law suit and 1 to ho lders st, together reflect cash . Final tax a., 1962, b u t in num ber >rem aining :ates began certificates f ull shares stock disred certifi: $5.0162 f o r jsenting an hich w ould 11 s h a re of ;r of Longjpresenting nvolved. >le o n c e re D istribu' a unit. IT S--N one, Y ork. irsuant to .and Long. re). Lployees a t rices from . in Canada>f T o ro n to lerest pay-, lonalT rust, in d $1,000; : art at any e p t. 1, 1958 i each un tieing fu n d irem ium . ri c h S e p t. 1, ds annuallereafter. icifle m o r ta l d u e 1977. ued u p to an O ct. 8. ito . a t 100. iper. Prodtie preferi,.- - ,-i ' .- t tstanding, 1 5% p re f- : preference ; i .r ' '"--r f o r 'assetsu m u iatlv * .,p a y a b le j o f $0.70" and quarncl.r none .w as p aid ; 1966, $1.50. : d M S :i i mdswhea q u ----------idends. r t'a t i ' r n S exceeding ration an d MOODY'S IN D USTRIAL M ANU AL 3047 TRANSFER AGENT AND REGISTRAR -- G u aran ty T ru st Co. of C anada, Toronto. LISTED --On T o ro n to S to ck E xchange. O FFER ED -- (4,500 s h a re s ) in C a n a d a in A u g . 1956 b y M a ste rs S m ith & Co. L td . a n d H a r r i so n & Co. L td ., T o ro n to , a t $100 p e r s h a r e (p ro c e e d s to c o m p a n y , $90 p e r s h a re ) w ith w arrants (since expired). r ,.... . P R IC E R A N G E -- 1965 1964 1963 I960 1961 H ig h ______ ____ 112 108 109 108 102 L o w _______ -- 108 108 108 b 104 98 2. H endershot P a p e r P roducts, L td. com m on; ci.-O. ' r ; Mon' - r. A U T H O R IZE D --240,000 sh a re s ; Issu ed a n d o u ts ta n d in g , 156,075 sh a re s ; n o p a r (n o p a r s h a re s s p lit 4 - fo r -l i n J u n e , 1956). * >. C anadian In ternational P aper Co. ow ns o v e r 99% of sto c k . : f f : , DIVIDEND R E C O R D - 1947__ $0.30 1948-52 $1.00 1953-55 $1.25 1956.-- 0.75 , i . VOTING RIGHTS -- H as exclusive voting power, on vote per share, w ith restrictions (see p reference. No. 1). T TRANSFER AGENT AND REGISTRAR -- G u aran ty T ru st Co. of C anada, T oronto. ISSU E D --I n c o n n e c tio n w ith p u r c h a s e o f a s sets of G. W. H endershot. C orrugated P aper CELA N ESE CORPORATION N o p a r sh a res (a fte r 4-for-l split): 1956__ $0.1214. 1957__ $0.40 1958__ 1959-65. .'.n il ; ............. $030 Co., L td . , . : - OFFERED--See preference, N O ... ... Us:**-; CAPITAL STRUCTURE ' "y LONG TERM DEBT Issue 4 -, '... 1. S. f. d e b e n tu r e 314s, 1976 __ -- ___ 2. Conv. s u b o rd . d e b . 4s, 1990 __________ 3. 6 %% n o te , d u e 1980 ________________ 4. 4%% n o te , d u e 1990 __________ _____ 5. O th e r n o te s ________________________ 6. S u b sid ia rie s' d e b t _________________ CAPITAL STOCK Issue 1. 414% cu m . p r e f e r r e d , A -- 2. $3 C um . co nv. p r e f e r e n c e . 3. 7% cu m . s e c o n d p r e f e r r e d 4. C o m m o n uixusa s Si-s ,trA m o u n t ' R ating O utstanding' .'. 38,938,0001 . ; 78,859,800] 0 eo,ooo,ooof 75,000,000 f 150,000 277,620,029] Par V alu e $100 No par 100 No par A m ount O utstanding 908,602 shs.l 100,000 shs.j, 32,398 shs. BU3,307,594 shs. ' - Tim es Charges Earned 1965 1964 6.06 737 Earned per Sh. 1965 1964 $64.40 $54.45 1,869.29 1,559.70 5.10 4.25 In te re s t D ates A&O 1 A&O X A & O .1 si Call ;. Price El 10114 [11103% B-- a -- a ------- D ivs. p e r Sh. -1-9-6--5 1964 - , f$4.50 $4.50 1 3.00 7.00 Y. 1.95 L70 C a ll P ric e 100 65 N .C . Price Range -, 1965 . 1964 9114- 8714 9114- 90 115%-10414 '______ - a-- a-- . a ------- .*,. S -- . a ____ . a _____ Price Range 1965 1964 99 - 90% 97% - 9314 73 - 67 6714- 65 156 -150 15114-140 92 - 72% 754-57% ^ O u ts ta n d in g A p r. 5, 11966. S S u b j e o t t o c h a n g e ; a ls o c a lla b le f o r s in k in g fu n d , s e e t e x t . 0 P r iv a te ly p laced . s S a r T - f r HI8TORY P a n A m cel Co., Inc., Del.--E xport. paints; operates some 100 com pany-ow ned I n c o rp o r a te d in D e la w a re , J a n . 5, 1918, a s C h e m c eli L td . (fo rm e rly C h e m c eli (1963) L td .) (C anada--57%)--(see app en d ed sta te m e n t) consumer branches. Produces oil and gas from w ells throughout T h e A m erican C ellulose & C hem ical M fg. Co.. Ltd.; nam e changed to C elanese C orporation Petrochem icals, cellulose acetate and chem th e M id-continent region; refines and pro of A m e ric a A p r. 28, 1927; p r e s e n t t i tle a d o p t ic a l fib e rs . ----- --------------- -- -- -------- ---------- cesses r a w m a te r ia ls a n d o p e ra te s so m e 1,200 W estern C hem icals Ltd. of Canada. service stations in th e M id-west. ed A p r. 13, 1966. I n 1927 a c q u ir e d c o n tr o l o f C e llu lo id C o rp . C o lu m b ia C e llu lo se Co. (B. C.) (87.6%) (see In forest products, Colum bia Cellulose Co. upon turning over to th e latter a w holly a p p e n d e d s ta te m e n t) --h o ld in g co. L td., a n 87% su b sid iary ; fa rm s fo re sts an d C elgar L td . (B. C.)--K ra ft pu lp fo r q u ality p ro d u ces a n d sells h ig h a lp h a disso lv in g p u lp s ow ned subsidiary. S afety C elluloid Co. Cel luloid Corp. w as m erged w ith com pany In papers and paperboard, high alpha dis and paper pulps, and K raft pulp for papers D ec., 1941. solving pulp and p ap er pulps) . and paper board. O n A p ril 9, 1941, s to c k h o ld e rs o f C e la n e se S k e e n a K r a f t L td . (B. C.) (60%). Q uim ica G en e ra l S. A . M exico--(40%)-- M ajor operating divisions and subsidiaries a re C elanese F ib ers Co., C elanese F ib e rs C o rp . a p p ro v e d p la n d a te d M a rc h 7, 1941 p ro viding for m erger w ith Celluloid Corp. M erger .. chem icals. M ark etin g Co., C elanese C hem ical Co., C elan w a s c o n s u m m a te d D eo. 5, 1941. C elanese V en ezolana S. A., V enezuela-- (55%) ese P lasics Co., C elanese C oatings, Co., --a c e ta te y a rn an d p o ly este r resins. C ham plin P etroleum Co. B'or c o m p le te d e ta ils o f m e r g e r p la n , se e M oody's 1941 I n d u s tr ia l M a n u al. Cel Euro N. V. (The N etherlands) A m cel (U nited K ingdom ) Ltd. PRINCIPAL PLANTS & PRO PERTIES O n F e b . 7, 1946, s to c k h o ld e rs a p p r o v e d p la n for m erger of T ubize R ayon Corp. Stockhold Cham plin P etroleum Co. (Del.)--P ro d u c e s , C om pany and its dom estic and foreign ers of la tte r com pany approved plan o n Feb. refines and m ark et oil and gas. s u b s id ia rie s o w n 59 p la n ts th r o u g h o u t th e 6, 1946. U n d e r t e r m s o f m e r g e r h o ld e r s o f FESC O In c. (D el.)--M a n u fa c tu re s a n d m a r w o rld . Tubize R ayon 4%% p refe rred stock received kets plastic housew ares. A m celle p la n t n e a r C um berland, Md. (2,- in e x c h a n g e $4.75 p r e f e r r e d sto c k o f C e la n e se C e la n e se C o a tin g s Co. (fo rm e rly D e v o e & 800,000 sq. f t.) . P ro d u c e s a c e ta te a n d A rn e l C o rp . o n a s h a r e f o r s h a r e basis. I n e x c h a n g e R a y n o ld s C o., In c.) (Del.)--P a in ts a n d r e t r ia c e t a t e fila m e n t y a r n , C e la p e rm a c e ta te for each 3 com m on sh ares of T ubize R ayon lated products. y arn and Fortisan rayon yarn. h o ld e rs r e c e iv e d 2 c o m m o n s h a re s o f C e la n e se C e la n ese C o lo m b ia n s S. A ., C olom bia-- (51.3%) C elco p la n t n e a r N a rro w s, V a. (1,400,000 sq. Corp, 3 1 . i- i.0SI.it O n D ec. 1,1947, co m p an y to o k o v e r a ll ac tiv i --a c e ta te y a rn a n d p o ly este r resins. S ayles-B iltm ore B leacheries, Inc. (Del.)--dye- ft.). Produces cellulose acetate com pounds acetate filam ent y arn and staple fiber, acetate ties fo rm erly co n d u cted b y C elanese Co., Inc., in g an d fin ish in g . tow fo r cigarette filters. C e la n ese P la s tic s C o rp ., C e la n e se C h e m ic a l F ib e r I n d u s tr ie s , In c . (D el.) (62%%)'--P r o C e lr iv e r p la n t a t R o c k H ill, S. C. (1,300,000 Corp., Tubize. In c., S tau n to n T ex tile Corp. duces F o rtre l filam ent y a m an d stap le sq. ft.) P roduces cellulose acetate and tria ce a n d B r id g e w a te r T e x tile C o rp . A ll se v e n s u b -fib e r..""; \ T tate com pounds; acetate and A rnel triacetate sid iaries w e re disso lv ed N ov. 29,1947. A m cel E u ro p e, B elgium --T riacetate y a m . fila m e n t y a rn s, a n d s ta p le fib e rs . t -&- I n M ay, 1953 a c q u ir e d M a rco C h e m ica ls, Other Affiliates: --1:":"... Chem cel p lant a t Bishop, Tex. produces Inc., L inden, N . J ,, a p roducer of polyester -S u b stan tial stock interests w ere held d irect from b u tan e and propane- a- w ide ran g e of resins. . ,i . .. ly o r in d ire ctly in th e follow ing: petrochem icals; and Celcon acetal co-polym er I n 1959 a c q u ir e d s to c k o f A m c e l P ro p u ls io n , -In c. (d isso lv ed M a r., 1962). ;s- C elanese M exican s,, S. A ., M exico (48.2%)-- -A cetate, triacetate and nylon yarns and re sin . in e o tf Pam pa, Tex. plant produces fro m .butane I n A ug., 1959 f o rm e d C h e m c eli; L td . t o c o v j a c e t a t e to w f o r c ig a r e tte filte rs, c e llo - a n d p r o p a n e a w id e r a n g e o f p e tro c h e m ic a ls . o rd in ate all1 fo reig n activ ities (dissolved in J a n ., 1963). A ls o -a c q u ire d R o y a l M fg. Co., 1vtphane and purified cotton linters. Affiliate: N e w a rk , N . J . (900,000 sq . f t .) . ac e ta te film and sheeting. P ro d u c es ,, C am p co d e M exico, S . A .--P la stic s. ` Prescott. A rizr (R oyal dissolved June-1960);-- " Stock in terests w ere also held d irectly or C anadian Chem ical & Cellulose Co: L td., a indirectly in: Cia Fetroquim ica B rasileira holding com pany-subsidiary, w as dissolved id Copebras, B razil (carbon black). M itsubishi R o m e, G a. (1,100,000 sq. ft.) p r o d u c in g b la c k A u g ., 1959. A cetate Co., L td ., J a p a n (acetate filam ent y a m I n M ay, 1960, a c q u ir e d n e t a s s e ts o f F la s tio acetate y arn and ray o n filam ent yarn, staple fiber and tow . ; Horizons, Inc., m an u fa c tu re rs of poly eth y len e and fibers). T lcona F olym erw erke G.m .b.H., G erm any (acetal copolym er plastic). C. A. B rid g e w a te r, V a. (97,00# sq. f t.) --w a r p k n it film w ith p lan ts in P aterso n , N. J . an d B ata v ia, HI. -- Fibraa Quim icas C operbras Polyplastics Ltd. fa b ric s yarn, from acetate and A rnel 4 ,,v '"-- v;-:;v tria c e ta te I n A u g . 1963, a c q u ir e d a n d i n M ar-1964, d is Jo in t v e n tu re o f subsidiary, Colum bia Cell ulose Co. L td. and Svenska Cellulose A ktie- B e lv id e re , N . J . (147,000 sq . f t.). A c e ta te film , sheet, tria c e ta te p h o to -b ase film. so lv e d , Y a rd le y P la s tic Co., C o lu m b u s, O. : b o la g e t, S w e e d e n , w ill b u ild a $60,600,000 I n D ec. 1963 a c q u ir e d c o n tro l o f F i b e r m ill a t P r in c e R u p e rt, B , C.; C a n a d a . J o i n t B a y C ity;- T ex.--A c e ty l c h e m ic a ls fro m In d u strie s, Inc. (form erly 50% ow ned). In venture of com pany and K oninklijke Z out- oxygen and ethylene gas. ; . N e w C astle, D el.; B a ta v ia , HI.--P o ly e th y le n e 1963 a lso a c q u ir e d m a j o r it y I n te r e s t i n C h e m c e ll (1963) L td . ,, K etjem , N. V. w ill construct a. chem ical film f o r packaging, an d blow -m olded bottles I n A u g . 1964 a c q u ir e d n e t a s s e ts o f D e v o e & p la n t i n t h e N e th e r la n d s . .. v ..r : a n d c o n ta in e rs ,. . ; kn R a y n o ld s Co., In c . f o r $60,394,944. B U SIN ESS & P R O D U C T S gi ' W & L, A lta Lom a, Calif. -- P o ly eth y len e, blow m olded b ottles ,and containers and. film for I n O ct. 1964 m e r g e d C h a m p lin O il & R e fin in g Co. b y is s u a n c e of. 2,848,987 c o m m o n , Ranks as a m ajor diversified international Chemical C om pany specializing in processing p a c k a g in g . m V'v/ H-v, ! A sh ev ille , N , C.--D e v e lo p m e n t a n d m a n u a n d 100,000 n e w c o n v e rtib le p re fe re n c e s h a re s p e tro le u m h y d ro c a rb o n s a n d cellu lo se a n d f a c tu re of h ig h e n e rg y fu e ls , a n d p ro p u lsio n o f 2,848,987 c o m m o n a n d 100,000' n e w c o n p ro d u c in g oil, a n d g a s p ro d u c ts , f o r e s t p r o d systom s. vertible preference shares. ram. u c ts , p e tro c h e m ic a ls , fib e rs , p la s tic s a n d C o lu m b u s, O.--P l a s t i c s ,' p ip e ' ' a n d ' f ittin g s . I n N ov., 1964, 300,479 c o m m o n s h a r e s w e r e p a i n t r-w issued [ fo r ow nership of .tw o corporations Com pany is leading producer of cellulose G re e r, S. C.--P o ly e s te r film p la n t. B a ta v ia , HI.--P la s tic s p la n t. w hose p rin cip al a sse t w a s th e o u tsta n d in g a c e ta te fila m e n t 'and s ta p le y a m s a n d is M cK ees Rocks; P a.--P la stic .housew ares. sto c k of F ed eral E n am elin g & sta m p in g Co., now carried on as FESCO, Inc. sole .producer of A m el fiber; Also m akes rayon. tria c e ta te apparel Sayles B iltm ore B leacheries, Inc., A sheville, >..--N^ p. wCr.; P a la tin e --D y e in g Co,,-.Inc., S t. J o h n s - I n J u n e 1964, C h e m c e li (1963) L td .'a c q u i r e d -M ark ets p o ly e s te rs a n d n y lo n 66 f i b e r m a d e v ille , N . Y.--d y e in g a n d fin is h in g te x tile s . s to c k o f W e s te rn C h e m ic a ls L td . * b y F i b e r I n d u s t r i e s , I n c ., a 62.5% o w n e d fFuib, er Iwnudiuusutrrieeas , in c ;.'S h e lb y / N . Cw.-----Fc ovritmr eul f] I n :M a y 1965, 'a c q u ir e d , t h r o u g h ' a s u b s id su b s id ia ry . j'. - filam ent y a rn and staple fiber; I m * _ ' ia r y , 71% i n t e r e s t i n S.I.A .C .E., o p e r a tin g m c h e m ic a ls , m a n u f a c tu re s a n d se lls so m e Nylon I n d u s tr ie s , In c ., G re e n v iH e , S. C.-- p ap er board m ill a t F lum efnedds- Sicily. & O c t 1965, a B r i t i s h s u b s id ia r y , a c q u ir e d 75 p ro d u cts, b aaed - o n d ire c t o x id a tio n o f hydrocarbons including acids,; alcohols, a l N y lo n 66.V fe-sftas w i w , E n id , O kla., (2 p la n ts)--C ru d e M oil refinery, f o r , a b o u t . $48,500,000 s u b s ta n tia lly t t i f o u t d eh y d es,, a n h y d r id e s , e m u ls io n s ,/e s te r * / sta n d in g '- s h a r e /o f `- B r itis h F a i n t s (H o ld in g ) n atu ral gas processing plant. / cola, keytoues, m onom ers, ny lo n in te rn aiea. poxyoi a n a aaiia. . ,, , J. *l*- - In plastics, m anufactures and sells cellulose a c e ta te sh e e t, film* a n d m olding, p o w d ers, F ortlflex W ^ ^ n ^ ^ l ^ y l ^ ForU cei #p lp e , ^ b to w m o ld e d Ttx p a in ts , Tpanii-ffpfrtu rg g a n d se lls in d u s tr ia l' paints and coatings, including epoxy resins, and s broad Hns a t trade and consum er O a r S ^ e , T ^ ^ ^ p ^ 8 s g . f -v O klahom a d t y p S m gas processing, ouisvdlle, : K y.: (0 plants) in d u stria l fin es, restas & coatings, residential & com - D etroit/^M iich.: autom otive & Industrial finishes. ' H ouston, Tex.: residential & com m ercial paints. " " L o t A n g eles, C al.: r e s id e n tia l & c o m m ercial 1 , r M aas.: re sid e n tia l tc . co m m ercial ___ N e w a rk , N . J . : I n d u s tr ia l & . m a r in e p o in ts . *. Q u im ie a G e i____ I S a n Cristobal produi inaldehyde, and ' it S a n ta C. a d d Tu* 1___ ____ ___ ipoo d e M exico,* S. S an A ngelo prodi SfVS&^H^ESE *J> R esearch L a b o ra to rie s a re lo cated in S u m -' Foreign subsidiaries an d affiliates h av e th e f C h ^ ^ l l 11 S ; 'h a s a p l a n t a t E d in o n to n , A lta.,v producing petrochem icals, cellulose acetate and chem ical fibers; p la n t a t S t. Jean, Que., produces y a m and., acetate; p la n t a t Two Hills, A lta, produces chlorine, caustic soda an d o th e r In o rg an ic Chemicals. P la n t a t M ontagny, Que. fo r w eaving en d throw ings;, plant at V alleyfield, Q u e .,f o rd y e in g and finishing. -> : T C e lg a r ' L td . h a s - a ' p l a n t o f 626,910 s q .- f t . ' floor area n e a r P rin c e R u p e rt, B . C., C anada. P roduces high alpha dissolving pulps and p aper pulps; C astlegar, B. C. plan t produces k ra ft pulp fo r q u ality p apers an d paperboard.. B ritish P ain ts (Holdings) l t d . and its sub s id ia rie s h a v e 22 p la n ts i n 17 c o u n trie s i n c lu d in g .7 ' i n ` t h e U n ite d K in g d o m , S in " " p la s tic^ . .........u m u e sm a ...... ... C e la n e se C o lo m b ia n a . S. A ., o p e ra te s* an acetate filam ent y a rn p la n t n ear C ali, C olom bia,* also p ro d u c in g p o ly este r re sln q iro d u cts' a n d polyvinyl acetate em ulsions. A lso h a s a n indurayon plan t a t B arranquilla producing ray o n filam ent y a rn and staple fiber, w ith cellophane p lan t un d er construction.' - -1 C elanese V enezelona. S. A., h as a cellulose acetate y a m p la n t a t Valencia,:! V enezuela w hich also produces polyester resin products. A m oel E urope S.A. h as a tria c e ta te y a m an d cigarette to w p la n t a t L anaken, Belgium , i R ayon y C elanese P e ru a n a S.A. o perates chem icals and fibers plants h i P ern. " 1966-68 C apital E xpenditures a r e e s tim a te d b y C o. a t $750,000,000, o f w h ic h - a b o u t 43% w ill b e used f o r fib e rs, 25% fo r chem icals, 9% f o r p lastics, 9% f o r p e tro le u m , 12% f o r' forest products and rem ainder for paints and surface coatings.-C o. an d dom estic subsid ia r ie s w ill sp e n d a b o u t 75% o f to ta l a n d fo r A u stralia a n d o th e rs in E urope, th e A m ericas, eig n subsidiaries a n d affiliates 25%. A sia and A frica. ,iV- . 1965 .R esearch E xpenditures totaled $27,500,- Celanese M exicans, S. A., ow ns a p lan t a t O cotlan n e a r G uad alajara, M ex., producing cellulose acetate, triacetate and nylon y arn and also operates p lan ts a t Rio B ravo in S tate of T am aulipas, M ex., p ro d u cin g h igh alpha cellulose .fro m raw cotton linters; Zacapu, M ex., m an u factu rin g viscose filam ent y arn , staple fiber; .tire cord yarn, and cellophane; T o lu c a, Miex., m a n u f a c tu r in g t i r e c o r d f a b ric . A n y lo n p l a n t b e g a n p r o d u c tio n i n 1956. 000."s : ... ...;. .. -... MANAGEMENT H arold B lancke, C hairm an a n d C hief Exec. O fficer - . . . J. w ; Brooks, President ..vs - ir, . J . R . K en n ed y , V ice Chimn. *'-- :... R. W. K ixM lller, V ice Chnm. P . H. Conze, Exec. V ice-President L. B . Jo h n so n , E xec. V ice-P resid en t / R. E. L udt, Exec. V ice-President A . H. <C o c h ra n , S e n io r V iee-P re* .--S ta f f S e rv ic e s: . ' .- '..i n . . R . T . A rm s tro n g . S e n io r V ic a -P re s.--R e - _ earc^ icls * roup Lni> 1 e- e s . em-,, C . D. F ra n c is , J r .. Y ie e -P re s.--I n d .] _ - R . O. G ilb ert. V ice-P res. and:': Seci ' C. R T ully, V ice-P res. an d Conte, : W . A ., B a rte l, V ic e - P re s id e n t ;V jffi : t~ W . S .tM cA doo, T r e a s u r e r ;@p3 Directors F. S. Baer, S an Francisco } E arl B aldridge, F o rt W orth, Tex. r M H. Blancke. N ew York J. W. Brooks, N ew Y ork . ! . ... . G. F. Ferris. New Y ork , .>* J . R . K e n n e d y , N e w Y o rk , R, W. K ixM lller, N ew Y ork : M. W. M ackenzie, M ontral * W. C; M arks - -- * : E. C. M cD onald. N ew Y o rk C. C." P a rtin ; N ew Y o rk = ::v A R a n S h iv e rs ! j ; p . s t i c h t $t*a*.*na* tiM S m b N e a fta G f J. B .W eisner . r 'H - - w - A nnual M eeting: S e c o n d W e d n e sd a y in A pril. j-.-xtprm kir''-* y-sriV-vW *;-'> ' A uditors: P e a t, M a rw ic k , M itc h e ll & Co. N o. o f . Stockholders: D ec. 31, 1965: P r e f e r r e d , A . 8,639; . 2 n d p r e f e r r e d , 835; .Conv. p r e fe re n c e , 1,051; c o m m o n 49,134. -..cu: N o. o f Em ployees: D ec. 31, *1965, 36,800. G eneral O ffice: 522 F i f t h A v e., N e w Y o rk 36, N . Y. ' . <>' -, ; * Stock Bonus T rust: O n A p r. 8, 1953, sto c k holders approved stock bonus tru st lo r em-: ployees. C om pany contributions to fund w ill' ran g e from 5% of consolidated n e t incom e u n d e r $40,000,000 to 8% i f $80.000.000 o r m o re .' A m o u n ts a r e b e f o r e F e d e r a l tax es. .is-: xT> M nffbj^ -<swMtLUTRfGGW'Gf?W iw INCOME ACCOUNTS or.- 5 N et sales . Dividendo, in terest an d CO M PA RA TIV E C O N SO LID A TED INCOM E ACCOUNT, T E A R S EN D ED DEC.' S I" other incom e . (O n a p o o l--i-n--g--o- f..i..n t e r e s t b--a--s-is--s e.e. .n. .o. te E-D---b-e--l-o w- ) 1965 1964 1963 IS $862,290,093 $700,770,972 $560,439,142 \ 7,850,400 9,751,588 7,268,302 _____--________ ' 1962 $504,540:083 5,508,643 .. 1961$448,428,683 4,217,965 - .a :;s i; 1960 t * V $418,237,729 ;; T. 6,119,156 TOtaT [5]C o st o f g o o d s so ld & o th . o p e r. e x p . --------HiS ellin g , g en . & a d m in , e x p . _____________ D e p re c . d e p le tio n & a m o r t . ________________ R e se a rc h & d ev e lo p , e x p . ________________ P ro v is io n f o r s to c k b o n u s t r u s t s __________ I n t. & d e b t e x p . a m o r t . ________ .__________ - 870,140,493 -- 710,522,560 525,411,006 - 425,932,236 112,686,819 . 90,576,858 62,023,809 ' 51,344,587 14,758,492 12,984,074 5,980,631 5,171,517 23,280,181 ! 15,976,984 567,707,444 . ' 335,083,645 66,359,175 47,170,702 10,929,121 3,496,458 12,665,277 510,048,726:. 306,431,240 57,717,583 42,883,088 7,752,573 3,310,094 12,107,706 452,646,648 279,589,185 48,588,559 39,891,471 7,546,174 2,514,446 10,632,366 ^ 424,356,885: 263,937,372 ` 44,409,605 - 36,796,646 . .. 7,028.195. 1,908,546 - 9,120,434 B alance Pro. for Fed. & for. incom e tax: C urrent D e fe rre d ___________ I n v e s tm e n t c r e d it e f f e c t _________________ M inority stockholders' equity in earnings N e t e a r n i n g s __________________________ R e ta in e d e a rn in g s , b e g in n in g o f y e a r ____ E S u r p lu s c r e d it a d j u s t m e n t s _____________ 4 1,2%; s e rie s A , p r e f e r r e d d iv id e n d s $3 c o n v e rtib le p r e f e r r e d d i v i d e n d s _______ 7% seco n d p r e f e r r e d d i v i d e n d s ___________ C om m on d i v i d e n d s ________________________ E P o o le d c o m p a n y C onv. p re f. d i v . ________ E P o o le d c o m p a n y co m m o n d i v . __________ R e ta in e d e a rn in g s, D ec. 31 SUPPLEMENTARY P. & L. DATA M aintenance and repairs E T a x e s o th e r t h a n i n c o m e ______ R e n ts, r o y a lty & b a d d e b t s _______ Earnings p er share of Common Stock E S h a re s o u ts ta n d in g a t e n d o f p e r i o d ______ 125,999,555 30,658,063 16,744,650 5,346,132 8,300,763 $64,949,947 245,624,756 4,088,759 300,000 226,786 23,066,496 $282,892,664 $41,928,000 18.897.000 15.133.000 $5.10 11,828,972 108,536,304 39,373,731 5,810,817 1,623.161 6,808,726 $54,919,869 214,695,628 644,875 4,088,765 100.000 226,804 16,172,420 225,000 3,822,625 $245,624,758 $36,283,000 15.924.000 12.645.000 ..... ..... $4.25 11,828,972 92,003,066 30,387,716 11,253.421 1,173,558 4,360,660 $44,827,711 192,285,186 4,088,767 ` 226,821 12,729,930 300,000 5,071,751 $214,695,628 $30,711,000 13.301.000 10.057.000 $3.42 11,741,406 79,846.442 26,720,812 9.869,374 1,022,400 4,717,605 $37,516,251 112,273,451 62,315,433 4,088,771 226,821 10,798,959 300,000 4,405,398 $192,285,186 N.S. ----- $3.06 10,762,857 63,884,447 25,812,034 3,490.105 3,738,755 $30,843,553 N .S . N .S . - $2.45 10,667,961 CDF ib e r In d u s tr e s , In c ., a 62%% o w n e d E n a m e lin g & S ta m p in g Co. Def. incom e taxes 18,591 s u b s id ia ry sin c e D ec. 1963, w a s 50% o w n e d CDIn c lu d e s r e la te d p o rtio n s o f ite m s sh o w n P r o p e r ty r e tir e d . . 2,634 p r io r to t h a t tim e . C o m p a n y 's s h a r e o f th e u n d e r " S u p p le m e n ta ry p . & 1. d a ta " b e lo w S h o rt te r m d e b t - - 48,800 n et earnings or losses of F ib er Industries, statem ent. Long term d e b t_ 160,011 In c. p r io r to D ec. 1, 1963 is n o t In c lu d e d in consolidated n e t earnings above. Such share 002H,I0I0n0c)l. u d e s so c ia l s e c u rity ta x e s (1965, 6,- Incr. m in. stkhlrs. in t. ___________ 32,053 w as: 1963 (11 m os.), $798,669; 1962, d$l,379,826; 1961, $1,517,209; 1960, ($750,999. A lso se e E1964; A d ju stm en t to conform fiscal period general note under B alance Sheets. of pooled com pany. T o ta l ________ 389,063 E Shares outstanding represent the shares A ttributable to pooled com pany prio r to pooling. D isposition of Funds: outstanding a t the end of each period ad ju s te d f o r y e a r s p r io r t o 1964 to g iv e e ffe c t [[Excludes sales vo lu m e of B ritish P a in ts C apital expend. D iv id e n d s p a i d __ 231,900 27,682 - to shares issued (or w hich w ould have been (H o ld in g s) i n 1965. L td . carried as an Investm ent L. t. debt retired - 14,774 Issued based on th e shares of th e pooled I n v e s t m e n t s _____ 74,037 c o m p an ies o u ts ta n d in g a t t h e e n d o f e a c h Source & D isposition o f Funds (on p o o lin g C a s h f o r c o n s t r .__ 23,863 y e a r) u p o n th e m e rg e r o f C h a m p lin O il & o f in te re s t b asis--in $000): G th. w orking cap. 27,699 R efining Co., a n d to acquire th e ow nership Source of Funds: N e t e a rn in g s ____ 1965 64,950 -1964 54,920 equity of tw o corporations W hose principal D epr,, depl. & T otd . . 399,955,' - asset w as th e outstanding stock of F ederal '* ss a .; k m s m ..v s i m xmsi a m o rt. ______ _ 62,024 - 51,345 W o rk . .cap. d e c re a s e ........\ g a r '* ' 10,8 92. - . **rl* Earnings, years ended D ec. 31 (in $) (tak en fro m re p o rts file d w ith S ecurities a n d E xchange C om m ission); - 61,156,085 21,649,283 . 1,792,300 4.462230 $33,252,272 N .S . N .S . $2.73 10,330,532 7,797 9,482 137,172 11,510 272,226 159,994 . 24,636 , . 31,518 V. 68,191 313 284,652 : {-1- 2,426 i N et Sales 135,202,212 _ _ 1947 " 1 181,083,608 1948 _ 230,384,672 . 1949______... ... 171,292,005 1950 _ 232,483,942 1951 _ . 202,651,014 1952 _ r " ' 166,711,033 1953_______ r . . 165,980,967. 1954_____ _ 147,606,550 1955 _______ 177,502,026. 1956 ________1_8_8,307.250 E x penses 106,726,982 139,578,204 162,998,016 135,370,867 148,425,623 148,198,963 146,845,874 145,855,000 138,080,178 155,641,099 163.159,686 Profit 28,475,230 41,505,404 67,386,656 35,921,138 v 84,058,319 54,452,051 19,865,159 ' 20,125,967 9,526,372 21,860,927.. 25,147,564 Taxes T a x e r - In c o m e d 700,745 "27,774,485 11,715,069 (11,169,138 40,336,266 16,162,849 2,249,293 66,137,363 26,653,363.. 1,584,995 .: 34,336,143 .. 13,695317 * 1,377,892 82,680,427 42,319,261 d 1,341,788 53,110,263 - 28,310,000 2,065,792 17,799,367 , 8.585.000 d 1,725,990 18,399,977 7.747.000 2,059,104 7,467^68 877,000 d 1,688,422 . 20,172,505 C 4,778,562 1,494,340 23,653,224 6.700.000 16,059,416 24,173,417 39,484,000 20,640,826 40,361,166 24,800,263 9,214,367 10,652,977 6,590,268 15,393,943 16,863,224 D ividends 4,956,341 7,165,717 12,129,645 13.233,649 14,060,947 17,534,862 13,151,146 7,306,192 3,653,212 2,921,995 3,650,078 _ ------ - E a rn . P e r O utstand. Com. Sh. , 5.514.107 2.3#' 5,514,1 0 7 -;.: 8.88 5.514.107 6.61 5.514.108 ' 7 3.19 . 5.844.954 . 6.38 5.844.954 ." ; 3.56 5.844.954 0.77 5.844.954 1.01 5.844.954 . 0.32 5.844.954 E l . 81 5,844,914 2.08 MOODY1S IN D USTRIAL M ANUAL 3049 " m H fW t iat __ C o st a n d Y e a r y>, N et Sales Expenses .O perating P ro fit Oth. Inc. & D ed. (Net) Inc. B ei. Taxes Incom e (Taxes 1957-- ------- 192,297,353 .rj ; >169,684,129 , 22,613,224 i 1,536,050 . 21,077,174 4,995,400 1958 ________2_2_3_,7_0_8_,_8_4_4___,192,620,655 .,,.-31,088,189 d 327,272 -, : 30,760,917 14.075.000 1959 ------- 265.235,584 216,605,855 : i -,48,629.729 d 1,114,422 .47,515,307 . 24,867,000 1960-- -- 264,117,134 ..' 225,445,882 ' 38,671.252 T d 854,508 37,816,744 17.881.000 1961. 962_: __ 3 i t ; 0 7 t ; 283,960,534 " ( 240 4O8!37M'' T264200,7--655*;f05c7o ,3 3 9 ^0 n 9 S T 43,620,725 5K4A,391120,4A2Q6ti >. 2,530,889 41,089,836 , 20,509,750 dsil1.9211Q8,Q892Q8 ' 53,0(19933,.559988 : 2H5.f6(0i0n.0n0O0 1963!__ _____ ' 356,332,289 ; ?98,695,412 '.^"57,636,877 1,371,426 : 59,008,303 2. .6..400.000 Q]Incl. ;T O centa f r o m r e c o v e r y io f p r io r years* ta x e s . DBA lso $5,399,594 in stocK. ,, .t l N et Incom e 16,081,794 16,685,917 22,648,307 19,935,744 20,580,086 27,493,598 32,608,303 Common D iv id en d s. 5,.844.,954 5- ,8- 4..4..,.9.5..4. 126,594,750 r. 8,068,386 -.. 9,065,735 10,798,959 .12,729,930 BALANCE 8HEET8 4 ` rCfOmMmPAAiRt AaT-IrVi?E. rCirOVNNSOr*L.ITDnAATTE D B A L A N C E SHH E E T , A S O F D E C . 31 Com . Shs. E arn. P er O utstand. Com. S h., .5,844,954 . - 1.94 : 5,844,954 -i 2.05 7.334.897 2.44 as 7.334.897 iw . 2.07 : (7,654,316 , 2.22 . 17,715,116'4, .3 .0 0 . . 8,679,508 3:26 rn'tOXt-HKL'- i t s ' - 'S' "ar;oiit"3j.S `'Ksi ec/ic A S S E T Sto t C a s h _________________ M arketable securities, E A c c o u n ts r e c e i v a b l e ___ O ther advances, @Inventories . prepaym ents T o ta l c u r r a n t a s s e ts ------ -------- - [DSecur. & a d v a n c e s, f o re ig n co .'s -- U O th e r in v e s tm e n ts , e t c . -------------F unds set aside for constr. of facil.[D Plant, p r o p e r ty a n d e q u ip m e n t------GOL ess: D e p re c ia tio n r e s e r v e ----- ----- N e t p r o p e r ty a c c o u n t -----------------P a te n ts a n d M isc. a s s e t s -----------------D e fe rre d c h a r g e s _____ _______. . . . . . . D e b t d is c o u n t & e x p e n s e ___________ E x c e ss su b sid . c o s t o v e r e q u i t y -------- T o t a l ___ ________________________ $365,027,869 94,855,163 23,863,014 1.448.643,227 565,762,942 882.880,285 26,785,476 3,512,693 21,638,290 $1,418,562,790 $311,039,158 32,863,209 1,216,392,268 531,966,797 684.425,471 22,668,950 1.562,925 19,767,752 $1,072,327.465 $1.72,192,593 120,616,369 6,954,782 494,039,942 252,842,794 241/197,148 6,232,582 440,793 3,339,868 $550,974,135 $147,270:810 : 100,365,775 23,200,270 414,038,383 231,194,781 182,843,602 2,587,983 486,959 $456,755,399 $122,647,962 ? 117.613,444 17,500,137 392,123,203 217,785,925 174,337,278 1,159,737 534,107 $433,792,665 $112,313,197 105,272,813 11,657,608 371,326,705 201,067,511 170,259,194 955,212 581,514 $401,039,538 111,146,649 ' 95,448,347 8,441,483 348,577,730 187,089,902 161,487,828 1,127,030 517,609 $378,168,946 L IA B IL IT IE S : C u r r e n t m a t u r i t i e s ______________ ___ A c c o u n ts & n o t e s p a y a b le ________ EDReserve f o r in c o m e t a x e s _________ O th e r t a x l i a b i l i t y ----------------------------O th e r c u r r e n t l i a b i l i t i e s _________ _ C o m p a n y 's s to c k b o n u s t r u s t _______ T o ta l c u r r e n t l i a b i l i t i e s __ __ ____ S u b s id ia rie s ' d e b t _________ __________ D e b e n tu r e 3s, 1965 _______________-- D e b e n tu r e 2.85s, 1966 ________________ D e b e n tu r e 3^4s, 1976 ________________ D e b e n tu r e 4s, 1990 ________________ N o te s p a y a b le _______________________ D e f e r re d in c o m e ta x e s ____________ D e f e r re d in v e s tm e n t t a x c r e d i t __ M in o rity i n t e r e s t ___________________ 418% ser. A p r e f e r r e d ( $ 1 0 0 ) ____ . . . B3$3 C onv. p r e f e r r e d _______________ 7% se c o n d p r e f e r r e d ($ 1 0 0 )_______ _ ElC o m m o n s t o c k __________________ _ C a p ita l s u r p l u s ------------------------------- E a rn e d s u r p l u s ______ "Wv-' T otal stockholders' eq u ity T otal N et current a ssets .. $5,096,928 137,765,777 24,248,492 3,574,115 37,197,154 5,973,848 $213,856,314 277,620,029 38,938,000 78,859,800 125,075,000 48,416,444 11,455,112 108,603,245 90,860,200 2,500,000 3,239,800 116,518,538 19,727,644 282,892,664 515,738,846 $1,418,562,790 $151,171,555 $5,978,728 43,169,956 29,152,031---4,587,321 25,157,302 5,230,029 $113,275,367 158.956,967 40.500,000 $1,513,000 15,388,485 15,380,439 2,271^73 10,492,713 2,780,258 $47,826,168 25.000. 10.000.000 7,500,000 41.495,000 $2,318,000 15,712,109 14,029,370 1,934,233 9,198,609 3,310,094 $46,502,415 000 12,000,000 8,750,000 42,500,000 163,875,000 35,171,809 6,108,980 76,549,929 90.860.200 2,500,000 3,239,800 ,116,518,538 19,146,117 245,624.758 50,000,000 16.901,451 11,136,601 90,860,200 3,240,300 106,799432 140^15,283 50,000,000 13,058,960 90,860,200 3,240,300 64,810,291 125,033,233 477,889,413 $1,072,327,465 $197,763,791 341,114,915 $550,974,135 $124,366,425 283,944,024 $456,755,399 $100,768,395 $816,000 13,393,878 14,229,560 403,682 9,466,316 2,514,446 $40,823,882 12.979.000 10,000,000 43.500.000 50,000,000 6.635,000 90,860,200 3-240,300 63,308,531 112,445,752 269,854,783 $433,792,665 $81,824,080 $13,850,720 $5.850,000 10,160,438 8.565,364 1,908,546 $26,362,058 13.168.000 10.329.000 44.161.000 50,000,000 5,900,000 8.448,848 2,940,569 $30,185,591 470,000 16.675.000 11.155.000 45.446.000 24,725,000 4,797,900 99,999,800 3,240,300 51,409,941 . 96,469,439 250,759,480 $401,039,538 $85,951,139 99,999,800 3,240,300 51,409,941 13-------89,328,963 243,979,004 $378,168,946 80,961,058. PR O PE R T Y ACCT.- -A N A LY SIS A dditlons a t cost. :R etirem ents o r sa le s. - m o t h e r a d d itio n s -- ---------------------- ' O th e r d e d u c t i o n s -------- -------- --------- $232,429.722 27,642,756 33,735,677 . - 6,271,684 * $191,379,000 ' 22,019,000 $38,071,335 6^04,481 $31,304,127 10,455,670 , $24,572,632 3,776,134 $28,352,649 -- $19,338,321 5,603,673 6,579,101 D E PR E C . R E S E R V E --A N A L Y S IS A dditions charged to incom e ------ $62,023,809 " , $51,345.000 22,747,863 10,048,000 $24,153,195 6,042,701 $21,274,745 8,009,904 $19,700,851 s - $17,698,367 - $18;893,867 ' 2,982,437 - 3,731,779 : ! . 5,362,186 R etire., renew als charged to re s- 121,966 - ------------ ; , - - - ------- " - - ........... 11.021 - - 1^86.104- 'O th er ad d itio n s.. O th e r d e d u c tio n s ----------------- 5,601,767 . , --- -- .*. -- : - -- % ,- '.* .i7 T - . -? a s c u r r e n t ite m s. P r i o r y e a r s a r e s h o w n a s m e n ts i n fo re ig n s u b s id ia rie s w e r e c a r r ie d '3 EEA t a v e r a g e u n i t c o s t o r le s s, n o t i n ex cess o r ig in a lly r e p o r te d i n n e t a m nu n t. . a t cost plus equity in u n d istrib u ted earnings.. T he change in policy of consolidation has no D epreciation P olicy: C o rp o ra tio n a n d c o n e f f e c t o n c o n s o lid a te d -n e t e a r n in g s f o r -cu r- f l% 5 ? R a w m a te r ia ls a n d su p p lie s $58,589,479; s o lid a te d s u b s id ia rie s fo llo w p o lic y o f p r o r e n t o r p r i o r y e a r s . . w o r k in* p ro c e ss, $18,853,137; fin is h e d goods, $83,821,251; to ta l, $161,263,867. viding for depreciation, depletion and ob solescence of site im provem ents, buildings, C o m p a n y 's b a la n c e s h e e t in c lu d e s it s in - ' vestm ents in subsidiaries a t cost plus, as to 13]1965: A ll s ig n if ic a n t s u b s id ia r ie s con so l m a c h in e r y a n d e q u ip m e n t o v e r e s tim a te d s u b s id ia r ie s in c lu d e d in c o n s o lid a tio n , e q u ity * idated. Investm ent in subsidiaries n o t consol u sefu l lives of assets, com puted o n straig h t- in u n d istributed earnings an d additional paid- id a te d . $54.068,157; o t h e r in v e s tm e n ts ( a fte r li n e m e th o d . >,i>. i n c a p ita l. P r i o r to 1964 in v e s tm e n ts in do-, r e v a lu a tio n re s e r v e , ($990,762), $40,787,006, to E ffe c tiv e r a t e s f o r p r in c ip a l cla sse s o f d e m e e tic su b s id ia rie s w e re c a r r ie d , a t co st: t o t a l , $94,855,163. I n v e s tm e n ts a n d a d v a n c e s of p r e c ia b le a s se ts w e re : B u ild in g s a n d s ite c o n s o lid a tio n / th e ex cess o t c o s t o v e r equity- $37,312,539. in c lu d e d a b o v e r e p r e s e n ts in v e st-, im p ro v e m e n ts , 2-10%; m a c h in e ry a n d e q u ip i n u n d e r ly in g n e t asse ts is in c lu d e d a s f o l - - m en ts i n u n co n so lid a te d su b sid iaries, and m e n t 4-33%; o il an d gas p ro p erties, T-50%; low s: E xcess o f cost o f in v e stm e n ts 'i n su b -:: c e r ta in fo re ig n o o m p a n ie s n o t su b s id ia rie s, m a r k e tin g fa c ilitie s , 5-20%; tim b e r lic e n s e s s id ia r ie s o v e r r e la te d e q u itie s , . $21,638,290; the- re la te d e q u ity in v e s tm e n ts o f w h ich w as a n d tim b e r lim it im pro v em en ts, 5-10%; o th e r -p aten ts, licenses, an d m iscellan eo u s assets, . a p p r o x im a te ly $54,000,000 a t D e c , 31, 1965. f ix e d a s s e ts 10-50%. ..... r-V/j $212,358; t o t a l - c o s t i n e x c e s s o f e q u ity . $21,- ? TJ I 9 6 5 : ' . : ; '. : ^ , j t Hes- ~ " F o r f e d e r a l a n d C a n a d ia n in c o m e t a x p u r 850,648. __________ .53*9'. i-.:.--'.-:!:S i poses. . depreciation and depletion has been T he excess of investm ents in subsidiaries B 1<f c apV& S lte ' . . 205.396.179 $62,162,917 accum ulated under declining-balance , and o th er m ethods w hich h a v e . resulted -in o v e r re la te d equities is a p p licab le-to F ib er-i In d u s tr ie s , M nc. ($3,339,868), S ia c e ($1,906,776)?% M a c h y . & e q u ip . .V . 810,649^18: ? 387,510,896 a m o u n ts d if f e r e n t f ro m th o s e u s e d in s t a te a n d C h e m c e ll-(1963) Limited--($16,391,646).'-andVi O il & g a s p ro p . . . . * 177,379,048 101,360,242 m e n ts . T h e se d iffe re n c e s a r e p ro v id e d f o r in r e s u lts p rin c ip a lly f ro m p in c h a s e s o f - sto c k s ' Other.-, p r o p e r t y ------ 65,378,923 d e fe rre d fed eral and foreign taxes on incom e. a t prices,-higher- th an b o o k values. These C onstruction, etc.. U nallocated reserve cr217,945 C o m p a n y a n d it s d o m e stic s u b s id ia r ie s a m o u n ts, r e n o t b e in g a m o rtiz e d ,;;^ ir a f iA ijj...... h a v e re c o rd e d th e: in v estm en t--cred it u n d e r t o Dec%1963, com pany a c q u ire d c o n tr o lo f T o ta l - . - i i - l - i - ' $1,448,643,227 ' $565,762,942 R e v e n u e A c t o f 1962, (1965, $7,286,619; 1964, F ib e r? I n d u s trie s , to e . (fo r m e r ly 50% o w n ed ) QD1965: F o re ig n s u b s id ia r ie s n o t p r e v i o u s $2,222,753; 1963,: $2,292,642; 1962, $2,103,272) a s b y p u r c h a s e o f a n a d d itio n a l,12}5% in te r e s t. a .red u ctio n of th e cu rren t federal incom e E a rrrin g ssin c e acquisition ; of control are ta x - lia b ility anct att a n 'in c re a se i n d e fe rre d .in c lu d e d in- th e s ta te m e n ts o f earn in g s.- 'f ~ f e d e r a l ' ta x e s o n in c o m e a n d l I n v e s tm e n t D u rin g 1963,'?c o m p a n y a c q u ir e d a .m a jo r ity , ln c l u d e < d o > T c re d it T heS Incbm iS : e f f e c t o f- t h e . c r e d it, is i n t e r e s t i n C hem celi, '(1963) L td . (fo rm e rly b e i n g r e f le c t ---l-i-n--i----th e*'---a-c--c--o-u--n- ts -a-s----:-a----r-e- - Ca n a d i a n C e la n e se L td .), a n d -th e o p e r a tio n s _____ i n ' t h e p ro v isio n f o r i f e d e r a l .ta x e s p re v io u s ly c a r r ie d o n b y C a n a d ia n C h e m ic a l ' incom e-^ratably '.o v er- th e com posite u se - Co., L td. w ere com bined, w ith , th o se o f Che c e l (1963) L t ^ ~ --* ....3 = i r r m n i ! O ne d o m e s tic ________ ____ __D_e_c_.J P31P, BIMHS ' --u-n--u--s-e-d---i-n--v--e-s tm.e..n t- c r e..d. it...c a rry o v e rs o f to paym> ...................... _______ d y a ll o f ,, assets and business voe 8t R aynolds I I n c ., s u b j e c t -to c e l . -- ............. 5 a n d com- (a) to I96S-64> t h e consolidated financial m e n c e d o p e ra tio n o f sui w holly-ow ned ubsidia" i through.: . . . . J4*t ^ (m VnoepM- sh ares. statem ents include th e accounts of com pany and all significant subsidiaries. A ll m aterial subsidiary .a re , indudj hf intercom pany .transactions and profits h av e d ate of acquisition of th e business. . % I n 1961 f u l l a m o u n ts o f in c o m e t a x p r o v is io n a n d TJ. S . G o v e r n m e n t s e c u r i t i e a a r e s h o w n b e e n e lim in a te d . P r i o r to 1964 o n ly d o m e s tic su b sid iaries w e re .consolidated an d in v est- I n O ct. 1964, C om pany, is s u e d 2,848,987 jib a re a o f c o m m o n s to c k a n d 100,000 o f c o n v e r tib le ^ - 3050 m ` f i V- y. Vv--'f ?vT*M M H M E. MOODY'S INDUSTRIAL MANUAL t t p re fe re n c e m erger- of stock pursuant to a statutory C ham plin O il & R efining Co., F ed eral Enam eling & Stam ping Co. group on a pooling of Interests basis as described a n d i_ ooppeerraa:tin g A lso, investm ents in various co m p a n ie s m a y b e r e q u ire d to^a p lin P e tro le u m Co., in to com pany.' above. T h e "R ecord of ~m--a x*i-m u m o f $12,150,000. . ,(.s *g> 964, ' 241,700 s h a re s . o f C om pany!* e lu d e s a s s e ts of ________ sub- - w ere exchanged for the own* iof net earn- ____________ tWjS^corpcatitxii w h d s t& iif th e am ounts: y c d ^ s w * w as th 'o teS n d tag S t & k 'o f S S ? n o w : rep o rted ... fo r.yeans. ended , eral- E n a m e lin g Sc. S ta m p in g . Co.i T h e c o n so l D e c , 31 ($000): m s i U h , : - asK sii. idated financial statem ents' , give effect- to - .____ ... _____W f i S K b : & m D M i th e s e -tra n s a c tio n s a s : p o o lin g s o f in te r e s ts , 196311 32.608 ao.431 -,!iL79S.K.^dL828: an d . acco rd in g ly ,;: th e' re su lts of th e ' 'com 1962-- 27,494 9,451 . ,, 569 37,516 panies' operations fo r th e five years endd . ::8,886 V . 541 - 30,844 D ee. 31, ,1964 -a r e In c lu d e d 'i n c o n so lid a te d earnings, e x c e p t th a t o p eratio n si'o f F ed eral f t i 's. m f S a u B ; A N et earnings as previously-reported. C orporation has agreed, to E n a m e lin g & S ta m p in g Co. f o r -th e y e a r s 1961* B C h a m p lin .OilV& R e fin in g - C o . a n d - i t s t a i n o r d e r s f o r p r o d u c ts o f U ,,, . u u m u u n a t h r o u g h 1963 a r e in c lu d e d o n t h e b a s is o f its. * o m e u s o x . x *oam x MiS f f t f & t f fisc a l , y e a r e n d e d .J u ly - 31, w ith -a r e s u ltin g t C , F e d e r a l E n a m e iln g & S ta m p in g Oo. g ro u p . a t p ric e s -w hich w ill e n a b le - o n e of- th e su b * s id ia r ie s -to' p a y 1, - -w hen d u e / s a ll *i#eiris- o f ' adjustm ent to consolidated retain ed a t t h e b g in n in g o f 1964. C o m p a n y earnings also is :. ' D N et earnings, as adjusted. (b) L ong te rm d eb t o u tstan d in g cost a n d -which w ill en ab le ' t h e -othr s u b (see belbw ) : sid ia ry to p ay , w h e n -due, 60 of aU item : su e d 58,779 s h a re s o f i t s co m m on s to c k f o r t h e c o n ta in c e r ta in re stric tio n s , r e l a t i n g to c o m - ' '.of p o s t. S u c h c o s t is -d e fin e d -so; a s 't iln c l d e " - a c q u is itio n o f c e r ta in fix e d a s se ts e m p lo y e d ' m o n d iv id e n d p a y m e n ts . A s of- D ec. 31, 1965, a m o u n ts s u f f ic ie n t to p e r m i t t h e s u b s id ia rie s ^ in th e business S tam ping Co... of F e d e ra l, Enam eling .... Si -Xi.'y, Sc $111,300,000 o f e a r n e d s u r p lu s w a s n o t so r e stricted.,.; :'. to pay current installm ents; ;of-prlncipaliand in te r e s t o n th e ir lo n g -te rm d e b ts Z h e aggrfe* T he statem ents o f earnings above include: (c) T he corporation and sidiaries had com m itm ents consolidated sub of approxim ately g ate am ount o f-long-term : d e b t of-such .tw o? subsidiaries included in th 'b alan ce1sheet ' r t h e o p e r a tio n s of,' C h a m p lln O il & R e fin in g $90,200,000 a t D ec. 31, -1965, i n c o n n e c tio n w ith o f c o r p o r a ti o n - a n d i t s - c o n s o lid a te d sub-*-'> Co., (n o w C h a m p lin P e tro le u m !C o .) a n d t h e a c q u is itio n o f fa c ilitie s f o r a d d itio n a l ppllaannt s id ia r ie s a t 'D e c . 31A, 1la9c6e5 - w...a--s $-1i52,TM000,OOOi1' FINANCIAL "A OPERATING^ DATA 0- ; :y 7S .V,.r-' ' fi- * -- mt&nrn y^jstqiym Statistical Record j-rei.ilbvV'^ '- @1965 @1964 ^ v i s e s '-i r I1Q9C6O2 1 1AC1 . gfiCA - f E a rn e d p e r s h a r e --4%% p fd . A '____ 1 -i -.r - s ;,----- -* --$ 3 cu m . c o n v . p r e f . / . . . $64.40 ( $54.45 { t 35TM;.: $3026 ? :" T- ` --7% 2n d p f d ----- _ --c o m m o n _________ $1,869.291?: $5.10 - $1,559.70, $4.25 W .3 :T :t $326 .$722.31 . $3.00 $660.96 $222 $476.37 . a .$560.08 . r $2--.0--7--- - .ft $2.44 - D ividen d s p e r sh a re --4%% p fd . A . . . , ... i.i.O:', --$3 co n v . p r e f . 1 $4.50 * i $3.00 $4.50 : i . $4.50 ?. $420 7_-____ ' $4.50 $4.50 ; $4.50v. .. . --7% 2n d p f d - - -- --co m m o n ___ -- $7.00 $1.95 ,~$7. ; $1.70 7.00 1.60" $7.00 . $1.40 ' " $7.00 $120 7.00 r r i r r . . t - i . |7 . O 0 r , 1-1 0 ' P r ic e r a n g e -- 4%% p fd . A ___ :______ ' ,'t. : --$3 p r e f e r e n c e _______ 99-90% - 73-67 97%-93% 67%-65 - - 95%-90.;. 91-79 it! 85%-71% ' S 3% -7% , 9%-76%;i` cum .: 2n d p f d - - -- -,r v t --co m m o n _____i:___ - 156-150 ~ 92-72% : 1S1%-140 75%-57% 152-133%- - 1375244; 59% -36% "'1 44-28%: : 1 2 5 % '1 2 1 ^ 1 1 4 % ' 1 2 5 ^ 1 1 4 % * 4034-22-- - - ;Sl% -21rr=rrw @3434*25"' @ N et ta n . a s se ts p e r sh .--4%% p fd . A - $463.28 $479.26 : $312.09 . $296.58 ..............$251.12 i. -,:-.$243.98 111,542:52 $31.34-- ,559,08--^ $31.29 "- . '$ 7 , 619.29 $28.07 - - r r - $ 5 ,947.08 $2426 ---------,$52-S-1-22-2-.-3J-N7 U- --^------_ $4,663.76 4-- . v4*2.0...J.1..6....... .. *i$44t:i--" ' ....... Fixed charges earned: Before Incom e taxes 6.06 X 7.37 ST - 12.35 ? fS- vi;...... "v ' * n i 3 0 7 - _r -- *' _y_-:_-8-_.-9-_8--_--.-_-_- :,._; ._; - 9_2_2 ,. _^______ A fter incom e taxes . 1 3.79 4.44 ? '.< :7.27 ' . ; ; 6 2 4 --? . 5.00 . : 528 ;7.33 i T im es -ch arg es & 1 st- p f d d iv . e a r n e d - - -----3 2 2 .3.53 A-- ----- .'4 .0 7 .' - 3 2 3 :^ ..... - . . 2.75 .. . --< 2.69 3.25* i Tim es charges & all pfd. div. earn ed .. fflNet ta n g , a s s e ts $1,000 fu n d . d e b t ,, 3.16 ------ $1,898. 3.48 $2,199 3.97: . . $3,521 3.45:1 : 2.69 $3,507 ' -:y :l $3,241... 2.63. ' ! 3.16 $3,134::.4Stn-=r-$3,47g!,. tBNet c u r r . a s s e ts p e r $1,000 f u n d d e b t P ric e R a n g e--d eb . 3% s, 1976 _______ $290 9114-87 y2 $544 9134-90 $928 9134-8934' *$890 . : ' 9034-85. $702 8614-82% : m-uVcTA"*' $HFF3~ 84-79% : > 86-78 ' N u m b e r o f s h a re s --4y2% p fd . A -____ 115%-104% - -*_:__ ....... - d e b . 4s. 1990 ______ --$3 conv. p r e f . ___ 908,602 100,000 908,602 100,000 . ,602: 9087602 908,602 999,998 -V it 999,998 ---7% 2 n d p f d _____ --co m m o n ___ . . . 32,398 11,828,972 32,398 11228.972 ' *327403 8,679,506 "327403 7.715.116 "327403 7.654.316 "327403 7,334,897 "32740351 7,334,897 A djusted data for stock splits and stock' E a rn e d p e r s h a re --c o m m o n ________ C a sh flow p e r sh a re --c o m m o n _____ P ric e ra n g e -- c o m m o n _______________ N et tangible assets p e r sh.--com m on_ N u m b e r o f sh a re s-- c o m m o n ________ F inancial & O perating Ratios tC u r r e n t a s se ts c u r r e n t l i a b i l i t ie s __ % cash & securities to current assets % in v e n to r y to c u r r e n t a s s e ts ________ % n e t c u r r e n t a s s e ts to n e t w o r th ____ p r o p e r ty d e p r e c ia te d ______________ a n n . d e p r. & a m o rt, to g ro ss p r o p __ C a p ita liz a tio n : % lo n g t e r m d e b t __________ - __ __ % P r e f e r r e d sto c k _________________ % C o m m o n s tk . a n d s u r p . ________ % n e t in c o m e to to ta l a sse ts_________ % n e t in c o m e t o n e t w o r t h __________ P re fe r r e d d iv id e n d tim e s e a r n e d ____ Tim es 1st p refe rred dividend earn ed . lim e s second pfd. dividend earned_ A nalysis of O perations C ost o f s a l e s ________________________ _ S ellin g , g e n . a n d a d m . e x p . _________ D e p re c ia tio n -----------------------------------N et o p e r a tin g p r o f i t _________________ O th e r in c o m e _______________________ T o ta l Interest charges, etc. B a la n ce __ F e d e ra l in c o m e , e tc . t a x e s _________ _ E ln c o m e f ro m fo re ig n o p e r a t i o n s __ N e t i n c o m e ___________ ____________ _ dividends: $5.10 $11.92 92.00-72.75 $31.34 11,828,972 1.71 20.10 44.18 29.31 39.05 4.28 5022 9.32 40.46 4.58 12.59 14.07 14.80 267.03 % 100.00 60.38 17.54 7.12 1726 17.16 2.68 14.48 6.06 0.96 7.46 $425 $10.65 75.75-57.25 $31.29 11.828.972 2.75 27.09 37.83 41.38 43.73 422 43.19 11.48 45.33 522 11.49 12.44 13.11 -- 223.67 100.00 59.95 15.30 7.23 17.52 "lT .5 2 2.25 15.27 6.59 d0.96 7.72 $3.26 $6.49 59.13-36.50 $28.07 8.679,506 3.60 36.57 30.29 36.46 51,18 4.31 28.20 . 19.81 51.99 5.92 9.56 726 7.97 - f c - 125.63 % 100.00 65.80 11.25 6.78 16.17 50 16.67 1.46 15.21 7.41 1.39 9.19 $$36..0806 44.00-28.50 $24.56 7.715.116 $ 2.22 $4.89 4028-22.00 $21.80 7.654.316 3.17 34.77 34.96 35.49 55.84 5.14 3.00 31.46 31.81 31.35 55.54 5.02 28.51 30.86 23.69 24.92 47.80 44.22 6.02 4.84 9.68 7.89 6.37 4.66 6.72 4.91 103.11-..-- ____...90.73 % % 100.00 100.00 64.98 67.77 1118 8.93 6.71 7.94 17.13 15.36 0.14 0.93 17.47 16.29 1.62 1.82 15.85 14.47-. 8.08 7.22 0.90 ... -8.87 7.25 -- $2.07 $4.84 31.63-21.00 $20.16 7234,897 3.13 27.31 40.44 34.23 54.15 4.77 31.90 27.99 40.11 6.59 7.94 4.22 4.43 . 87.89 % ' 100.00 68.92 9.74 6.70 14.64 1.45 16.09 1.77 14.32 6.77 7.55 - $2.44$5.13 34.63-21.63 $11.19 7,334,897 3.68 33.25 30.74 33.18 53.67 5.42 28.75 30.15 41.10 5.99 9.28 4.79 5.03 80.01 % 100.00 65.36 8.04 8.27 18.33 0.95 19.28 1.37 17.91 9.37 ""4. E A fte r 25% sto c k d iv id en d ; b efo re , 41%-27. ' ' - @1965-641: I n c lu d e s a ll s ig n if ic a n t s u b s id ia r ie s ; 1963 a n d p r io r y e a r s in c lu d e s d o m e s tic s u b s id ia r ie s o n ly , g lA fte r a llo w in g $100 p e r s h a r e f o r f ir s t p r e f e r r e d . ' . . . . . .. ElNet tan g ib le assets figure excludes d e b t d isco u n t an d expense an d o th e r d e fe rre d charges. . . . -j [7]F u n d e d d e b t e x clu d es c u r r e n t portion shown in current liabilities. @1961 a n d p r i o r y e a r s n o t s e p a ra te ly s ta te d . , : ,: ` s-.s t:o a-I . 'ne.'V ' LONG TERM D E B T - L C elanese Corp. of Am erica sinking fund debenture 3</2s, due 1976: : r, . Rating--B a a -" A U T H O R IZ E D --$50,000,000; o u ts ta n d in g ,' $38,- 938,000. . .... 7 ,7 D A TED--O ct. 1. 1951. M A TURITY--O c t. 1, 1976. : j f . , . .. IN TE R E ST --A & O ' 1 a t D illon)- R e a d Sc Co. New York. wa,iirt TRUSTEE--C hase M a n h attan B an k , N ew York. * D EN O M IN A T IO N --C o u p o n $ 1,000, r e g is te r a b le as to p rin c ip a l: f u lly re g is te r e d $1,000, $5,000 a n d a u th o riz e d m u ltip le s th e re o f. C& R freely interch an g eab le a t charge of $2 plu s stam p tax es.' a a c i : . icutu- o- c a l l a b l e --A s a w h o le , o r i n p a r t b y lo t, onn. n o t les s than 3f0t n o r m ore th a n A60ft Hd aayvsa'' published or m ailed notice a t any tim e to e a c h S e p t. 30, in c l,, a s fo llo w s: 1 9 6 4 .... 101% 1965--- . 101%-. 1966--.,101% 1967--- 101% 1968____ 101 1969_____ 100% 1970---- 100% 1971--- 100% 1972.____ 100% 1973-- 100% 1 9 7 4 ..- 100% 1 9 7 5 - ^ 100% 1976----- 100 .r..r. . if*- '17;'"7-- < rj : Also callable on lik e notice fo r sinking fund (w h ic h se e) o n e a c h A & O 1 f ro m O ct. I , 1956 a t 100. *.-:. SIN KING FUND--Com pany is obligated to re tire debentures each A&O 1 in follow ing se m i-a n n u a l a m o u n ts; O c t 1. 1956 to A p r. 1, 1966, $500,000; O ct. 1, 1966 to A p r. 1, 1976, $1,900,000; w ith o p tio n ' to d o u b le a n y su c h p a y m e n t Company m ay take credit a t par for debentures otherw ise -retired. including op tional sinking fund paym ents. SEC U R ITY --D e b e n t u r e s . a r e n o t s e c u re d b y an y lien . C om pany m a y n o t create or asBume any secured,,debt w ithout equally and ra ta b ly securing the debentures, except purchase m oney Bens; unsecured d eb t is not restricted. CREATION OF OTHER DEBT--Com pany ' m ay n o t create o r assum e funded debt unless th ereafte r consolidated- n e t tangible assets" a r e a t le a s t tw ic e f u n d e d debt.- ...... DIVIDEND RESTRICTION--C om pany m ay not pay cash dividends on com m on in excess of available n et incom e (as defined) after J u l y 31, 1951, p lu s $25,000.000. RIGHTS ON DEFAULT--In event o f default (30 d a y s g ra c e p e r io d f o r p a y m e n t o f in terest), trustee or m ajority m ay. declare de- D entures d u e . -: ... u- -> ... > 3. )!S K' it - IS e 3 d * O it )0. by :' -'2 .'Nft ; MOODY'S INDUSTRIAL MANUAL 305i PU R PO SE--P roceed* to re tire te rm lo a n an d for expansion. * TAX STATUS--Com pany refunds Pennsyl vania personal property ta x n o t exceeding 4 m ills on principal am ount. v . m L E G A L --F o r sa v in g s b a n k s i n M e. LISTED--On N ew Y ork Stock Exchange. O F F E R E D -- ($50,000,000) a t 100 (p ro c e e d s to co m p an y 98% ) o n O ct. 18,1951 b y D illon, R eed & Co.. Inc.. N ew Y ork, a n d associates. 2. Celanese Corp. of A m erica C onvertible s u b o r d in a te d d e b e n tu r e 4s, d u e 1990: Co. m a y n o t p a y c a s h d iv id e n d s o r a c q u ir e P R E F E R E N C E S --H a s e q u a l p r e fe re n c e w ith c a p ita l sto c k i n ex cess o f c o n so lid a te d - n e t - s e r ie s A p fd . f o r a s s e ts a n d ' divs.*-' u e a r n in g s a f t e r D ec. 3 1 ,1 9 6 4 p lu s $75.000,000 'D IV ID E N D R IG H T S --E n title d to - c u m . d iv s .i a n d p ro c e e d s f ro m s to c k so ld a f t e r D ec. 31,, o f $3 a - sh . a n n u a lly , p a y a b le q u a r te r ly Ja n .:: 1964. i .......... /civ,. v * l . e tc . ; it, aStodte; A t D ec. 31, 1965, $111,300,000 ' of, .r e ta in e d D IV ID E N D RECORD--I n itia l d iv id en d - o f $1 earnings w ere not so restricted. ( f o u r m o n th s) p a id J a n , 2,-1965. C r e d it A g re e m e n t: I n S ep t. ,1965, c o m p a n y V O T IN G R I G H T S -N o n - v o tin g . e x c e p t o n .d e - : e n te r e d in to a re v o lv in g c r e d i t a g r e e m e n t f a u l t o f 4> q u a r t e r l y d iv s. w h e n p r e fe re n c e , w h e re b y c ertain b an k s are co m m itted to lo a n , v o tin g to g e th e r w ith : com m on, is e n titled .to u p to $100,000,000 to co m p an y . A n y lo a n s out*- o n e v o te p e r sh . ' W t h ast -i*it tfc # to 'to ism d s ta n d in g a t O ct. 1. W K m a y b e c o n n e c t ! , L IQ U ID A T IO N R I G H T S - O n a n y liq u id a tio n , in to 5 -y e a r n o tes. A t F eb . 11, 1966 n o a m o u n t e n title d t o $55 p e r sh . p lu s d iv s T ^ '- ^ *. . : R a tin g --B a rCALLABLE-As a w hole o r in 'p a r t^ h any O U T STG .--$78,859,800. r" - .?? d iv id e n d d a te o n 60 d a y s ' n o t i c e 'a t $65 p e r ah. 1965. F i b e r I n d u s tr ie s In c .. (1) $85)000(HMF f i r s t p lu s divs t,- g s i i 'i i s s D A T E D --A p r. 15, 1965. D U E --A p r . 1, 1990. * 1 .'. 1984 C O N V E R T IB L E --I n to c o m m o n - a t "- a n y .t i m e . IN T E R E S T --A & O l b y m a il- to r e g is te r e d ( p a r t o f . $100,000,ooo. to b e to k e n u p . i n .1965 ( if c a lle d , o n o r before* b u sin e ss - d a y - n e x t h o ld e rs. I n t e r e s t a c c ru e s f ro m A p r. 5, 1965. T R U S T E E --M o rg a n G u a r a n ty T r u s t Co., NYC. a n d 1966) w ith a n n u a l q u ir e m e n ts o f $5,000,000 sinking fund re b e g in n in g A u g . 1, preceding redem ption date) at rate o f 0.6953 D E N O M IN A T IO N --F u lly r e g is te r e d $100 a n d 1965 and increasing to $7,000,000 on Aug. 1, o f o n e co m m o n sh . p lu s $1.15 in c a s h f o r e a c h pref. sh.; cash paid in lieu of fractio n al shs. a p p ro v e d m u ltip le s o f $100; e x c h a n g e a b le 1975; (2) $15,000,000 f ir s t a n d c o lla te r a l t r u s t C o n v e rs io n p riv ile g e p ro te c te d a g a in s t d ilu w ith o u t se rv ic e c h a rg e , e x c e p t t h a t d eb s, 5% s d u e J u n e 1, 1978 w ith a n n u a l sin k in g tio n . . 'm v.'v scM taM m a y n o t b e e x c h a n g e d f o r d eb s, o f a le s se r f u n d r e q u ire m e n ts o f $1,500,000 b e g in n in g P R E E M P T IV E R I G H T S -N o n e . - * * s f sSssasO d e n o m in a tio n w h e n s u c h le s s e r d e n o m in a tio n J u n e 1, 1969; (3) $12,000,000 4% % n o te s p a y L IS T E D --O n M id w e st S to c k E x ch an g e. is le s s th a n $1,000. a b le i n 14 e q u a l s e m i-a n n u a l in s ta llm e n ts T R A N S F E R A N D D IV ID E N D D IS B U R S IN G C A L L A B L E --A s a w h o le o r in p a r t a t a n y f ro m D ec. 31,1967 to J u n e 30, 1974. A G E N T --B a n k e rs T ru s t C o., N ew Y o rk a n d tim e o n a t le a s t 30 d a y s ' n o tic e t o e a c h C e ltr a n , In c.: $6,255,246 4% % n o te s , d u e L o n d o n .: " A pr. 1 incL as follow s: 1966.. 104 1967-- 103% 1968-- 103% 1969.. 103% 1970-- 103 1971-- 102% s ta te m e n t) ; (1) $60,000,000 f ir s t 6% s d u e J a n . 2, e r e n c e o f C h a m p lin O il & R e fin in g * Co. 1972.. 102% 1973-- 102% 1974-- 102 1981 w ith , a n n u a l sin k in g fu n d r e q u ire m e n ts u n d e r p ro p o se d m e rg e r, ---i : 1975-- 101% 1978-- 101 1 9 7 6 - 101% 1 9 7 9 - 100% 1977-- 101% o f $4,000,000 b e g in n in g J a n . 2, 1967; (2) $40,1980_ 100% 000.000 f i r s t 5% s d u e J u ly 1, 1985 w ith a n n u a l 3. C elanese C orp. 7% c u m u lativ e second p r e fe rr e d , p a r $100: 1981-- 100% 1984-- 100% 1982__ 100% 1985-- 100% 1983-- 1990.. 100% 100 s in k in g f u n d re q u ire m e n ts o f $2,000,000 b e g in n in g J u l y 1, 1971 in c re a s in g to $2,500,000 o n A U T H O R IZ E D --32,398 shares; outstanding, A lso c a lla b le o n lik e n o tic e a t 100 f o r J u l y 1, 1976 a n d to $3,500,000 o n J u l y 1, 1981; 32,398 sh a re s ; p a r $100. *1 sinking fund (w hich see). (3) $511,635 o th e r n o te s p a y a b le . ---- -- D IV ID E N D R IG H T S --H a s p r e f e r e n c e com m on stock to cum ulative dividends over o f $7 S IN K IN G F U N D --C a sh to r e d e e m a t p a r C e la n e se L td . (fo rm e rly C h e m c e ll (1963) L td .) a s h a r e p e r a n n u m ; p a y a b le q u a r te rly , o n J a n . o n e a c h A p r. 1, 1975-89. 5% o f d eb s, o u t (se e a p p e n d e d s ta te m e n t): (1) $7,682,113 f i r s t 1, e tc. s ta n d in g o n A p r. 1, 1974 p lu s s im ila r o p tio n a l paym ent. Co. m ay cred it ag ain st an y re 4% s, A , d u e S ept. 1, 1969 w ith a n n u a l sin k in g f u n d re q u ire m e n ts of $2,000,000 C a n a d ia n D IV ID E N D RECORD--In itia l dividend of quired paym ent principal am ount of debs, funds; (2) $4,243,337 g e n e r a l 5%s, A, due $1.75 p e r s h a r e p a id A p r il 1,1942; r e g u la r d iv i dends paid quarterly thereafter. acquired, converted or redeem ed (other th an w ith req u ired or O ptional sinking fund pay S e p t. 1, 1971 w ith a n n u a l s in k in g fu n d r e q u ir e m e n ts o f $700,000 C a n a d ia n fu n d s; (3) DIVIDEND RESTRICTIONS d e b t a bove. ___ . -- See funded* m e n ts) a f t e r A p r. 1. 1974 a n d n o t p re v io u s ly credited. Paym ents are estim ated to retire $12,962,500 sin k in g fu n d d e b e n tu r e 7s, A , d u e M a r. 1, 1980 w ith a n n u a l s in k in g f u n d r e - V O TIN G RIG H TS--N one p ro v id ed , e x c e p t any a t le a st 75% of issue b e fo re m a tu rity . u ir e m e n ts of $500,000 in c r e a s in g to $1,000,000 in c r e a s e in a u th o r iz e d se c o n d p r e f e r r e d r e q u ire s a p p ro v a l o f h o ld e rs o f 90% o f second S CO N V ER TIBLE--I n to c o m m o n a t a n y tim e (if ca lle d , o n o r b e f o re r e d e m p tio n d a te ) ait a n a d ia n fu n d s o n M ar. 1, 1971; (4) $10,000,000 s in k in g f u n d d e b e n tu r e 5%s, B , d u e N ov. 1, referred. E $96 p e r sh. The conversion p ric e w ill be 1985 w ith a n n u a l sin k in g f u n d re q u ire m e n ts IQUIDATION RIGHTS -- In Uquidation, w h eth er voluntary o r involuntary, entitled to s u b je c t certain to adjustm ent under a form ula usual events, excepting shares in of o f $1,800,000 b e g in n in g N ov. 1, 1972, in c re a s in g to $1,900,000 N ov. 1. 1980. $100 a s h a r e a n d d iv id e n d s p r i o r to a n y d is trib u tio n to com m on stock. stock issued p u rsu a n t to (a) co n v ersio n of d e b e n tu r e s a n d c o r p o ra tio n 's c o n v e r tib le p r e O th e r fo re ig n su b s id ia rie s; (1) $10,566,998 f i r s t m o rtg a g e 3.30% a n d 6.30% n o te s d u e P R E E M P T IV E R IG H T S --N o n e. C A L L A B L E --N o n -c a lla b le . - - ....... f e re n c e sto c k , a n d (b) e x e r c is e o f sto c k purr-- D ec. 31, 1973 w ith a n n u a l Tp <a&y m7 . e n ts o f a b o u t L IS T E D --O n N e w Y o rk S to c k E x ch an g e, ch a se o p tio n s, e tc ., n o w o u ts ta n d in g a n d h e r e - $1.387,000^ b e g in n in g J u ly 1, 1967. (2) $12,006,000 T R A N S F E R A N D ' D IV ID E N D D IS B U R S IN G after granted to officers o rem ployees of A G E N T --B a n k e rs T ru s t C o., N e w Y o rk an d C elanese o r its subsidiaries. U nderth ea d ju st- London. * m ent form ula, if additional shares of com m on stock are sold a t a price above th e oSntthihler-- tlaonn*g ttee rrmm dd eebb tt.. 31' 1 - ' (3) *6'420'128 R E G IS T R A R S --F i r s t N a tio n a l C ity B a n k , N e w . . " .j Y o r k a n d L o n d o n a n d M o rg a n G u a r a n ty T ru s t d e b e n tu r e c o n v e rs io n p ric e , th is e x c e ss w ill CAPITAL STOCK - : C o;. N e w - Y o rk . --> -.*> :.xmu r* *<5::--.,- e s ta b lis h a c r e d it t o b e a p p lie d a g a in s t s u b s e $ C e la n e se C orp. 4% % c u m u la tiv e p r o - IS S U E D --I n D ec., 1941 'i n c o n n e c tio n w ith q u e n t r e d u c tio n s o f t h e d e b e n t u r e c o n v e r f e r r e d , s e rie s A ;p a r $100: * m e r g e r o f C ellu lo id C o rp . >-.-<*, v s sio n p ric e . U n d e r t h e fo rm u la , c o n v e rsio n A U T H O R IZ E D ---All se rie s , 908,602s h a re s ; E X C H A N G E O F F E R --I n A p r .,-.1951, h o ld e r s , rice c h a n g e s w il.l b e m a d. e w.. h e,,n t h e ,c u m u - o u ts ta n d in g , s e rie s A , 908,602 sh a re s ; p a r $100. w e r e .o f f e r e d r i g h t t o e x c h a n g e f o r 4% % p r o - la tiv e a d ju s tm e n t a m o u n t s t o 50 c e n ts p e r P R E F E R E N C E S --H aa firs t p r e f e r e n c e f o r a s - f e r r e d o n b a s is o f o n e a n d o n e -h a lf s h a re s o f share, etc. F ractional shares of stock w ill sets and dividends. ; i o / ,v,C `4% % p r e f e r r e d f o r e a c h 7% p r e f e r r e d s h a r e n o t b e iss u e d .u p o n c o n v e rs io n b u t m a y b e D IV ID E N D R IG H T S--E n title d t o c u m u la tiv e h e l d . O ffer- e x p ir e d A p r -25, 195L S e e a lso so ld o r p u r c h a s e d to r o u n d o u f f u l l sh a re s , d iv id e n d s o f $4.50 p er. s h a r e a n n u a U y p a y a b l e . r ig h to u n d e r co im n o n , t o c l t -- , , . C onversions w ill'b e effected w ith o u t a d ju s t- q u a rte rly Ja n . 1, etc. . - i q , 4. Celanese Corp. common; no part ' - i m e n t f o r i n t e r e s t o r d iv id e n d s a n d , i n t h e D IV ID E N D RECORD--I n itia l d iv id e n d o f 8 2 % - A U T H O R IZ E D --25,000,000 sh a re s fc b u tsta n d in g , ` c ase o f d e b e n tu r e s s u r r e n d e r e d f o r e o n v e r - c e n ts p a id J u l y 2, 1951, r e g u l a r d iv id e n d s .A p r.,: 5, 1966, 13,307,594 sh a re s;--re se rv e d , f o r ' .. sioo.. a f t e r .t h e ,, t e n t h d a y _ p r e c e d in g a n i n - t h e r e a f te r . ,,___ \ i . c o n v e r tib le ,- p r e f e r e n c e , 68,334 s h a re s ; r e - - , terest date, such deb en tu res m u st b e'acco m - VOTING u n ty - s e r v e d - fo r t. o o n v ertih ln^lRehpntairmi, rag ra -' P anied by p a y m e n t of in te re st a c c ru e d th e re - less dividends o n p re fe rre d sto c k axe in ar^C-Bhares; reserv ed fo r sto c k option a w a rd plan, on. - r e a r s i n a n a m o im t e q u a l t o 4- q u a r t e r l y tfiv i^ iB O lb O sh a re s ; n o p a r . ' SEC U RITY --N o t s e c u re d ; s u b o r d in a te d t o d e n d s , w h e n p r e f e r r e d v o tin g a s a c la s s W* N o p a r r s b a r e s sp R t 4 - fq r -I i d M a y ,-I tfe 'a r id . s u p e rio r d e b t, in c lu d in g 5% % n o te s d u e 1980 r i g h t t o e le c t o n e - fo u r th o f d ir e c to rs , o r a 2 % r f o r - i l : S e p t . 25, 1946. V ; -- , and other d eb t specifically designated ' as m inim um of tw o directors. c- - . -i3,* D ividend. R e c o rd (In superior debt. . C o n sen t o f 66%% o f o u tsta n d in g p re fe rre d ; 1918-35 n il 1 9 3 6 ^ . " I f .-:1937__ -2.25 - D IVID END R ESTR IC TIO N --Co. m a y n o t sto c k , as a class, n ecessa ry to ( l) ^ n c r e a s e ,1938-- v i- n U m i9 3 9 ,^ ' V.50 m i 9 4 0 .i l ; vl.25 | P ay c a s h d iv id e n d s o n c o m m o n o r a c q u ir e a u th o r iz e d p r e f e r r e d ,'o r c r e a te a n y - p r io r o r 1941-43 2.00 S ll9 4 4 _ I .-0.50 .1 9 4 5 .., 2.00.r'-i c a p ita l sto c k in ex cess o f co n so lid a te d n e t e q u a l sto c k , o r (2) c h a n g e rig h ts o f p r e fe rr e d 1 9 4 6 ;-.;111.6214-- '> ft e a rn in g s a f t e r D ee. 31, 1964 p lu s $75,000,000 s to c k a d v e r s e ly , < ..... A f te r 2V a-ior-l s p lit: - - ,fe-: :8 ,3 a n d n e t p ro c e e d s o f s a le a f t e r s a id d a te o f C o n s e n t, of. m a jo r ity o f o u ts ta n d in g p r e - 11946-- 0A5 1-947..^ ,1.30. ( 1 9 4 8 ^ ( 3 2 ^ 0 c a p ita l sto c k a n d p r in c ip a l a m o u n t o f a n y f e r r e d s to c k -'n e c e s s a r y t o d iss o lv e o r . s e ll 1949-- debt converted into capital stock after Dec. substantially: a ll assets, o r m erge o r con- il-?-- 2.40 2.25 1950._- -_A . 1953... 2.55 IA5 1951. 3.00 9,,5 4 I ? 'd.62% 31,1964. .......V V . V,.;, -- , t""-.. - . olld ate. . *2&<, ' 0.50 5956Z " g r !oe%'-'i1957-59'"03 R IG H T S O N D E FA U L T --T r u s te e o r 25% o f L IQ U ID A T IO N R IG H T S --I n liq u id a tio n e n - I960--- 1.10 1961--- - 1.20 -1962...- i-r.40--! d eb s, m a y d e c la r e p r in c ip a l d u e a n d p a y a b le t i l l e d to $10Q p e r s h a re i f ,in v o lu n ta ry , o r calli L60 1964___ 1.70 : 1965... 1,95 (30 days* g r a c e f o r in t e r e s t p a y m e n t). V . yflh m ta ry , plug d iv id e n d s. 0.50 --y.-.jt:-'., _.: ft- J*2i IN D E N T U R E M O D IF IC A T IO N -- `I n d e n t u r e :P R E E M P T IV E R IG H T S --H a s n o p r e e m p t i v e ^ B P lu s s to c k d iv W e n d s : 1939,2%.%;1959f 2 5 % .Vi m a v b e m o d ifie d e x c e n t a s n r o v id e d w ifh ' r i g h t s . : a -JIv , . . . a. ' 03A lso p a id 2 s h a r e s c o n u n o n f o t e a c h "'4@' L EG A L --F o r sa v in g s b a n k s i n M ain e.- C A 3 S L A B I & - A s a ; w h o le ot? i n . p a r t p n . n o t - . -- L IST ED --O n N e w Y o rk S to c k E x c h a n g e . >; i e sf Qf t a ? +^ ^ y ^ J IOS c e tim e to* PURPOSE--P ro ceed s, to g e th e r w ith sa le o f ^ ^ h a r e - -ftafteE ^ a t r$ i ^ d i g w f o r . e a ^ 7 0 hare* h e id .. . ,* ? - d .i o r e t i r e *4.73 L n p P A n O N -F o r details, see n e w ..b u sin esses; t ^ p a y $31,000,000 b a n k lo a n s te E 8 i is g a a w a .? T S 5 ' ISSUED--B y 'su b scrip tio n (see -belbw ). su b s c rib e d d e b e n tu r e s iin d e r w r i t t e n b y ' . ____ _ B o s to n C o rp -v N ew Y o r k a n d a s s o c ia te s .' T arrt L osns:rO utstanding, n M ra W f Nf wi - Y ork S tock jExchange: 0 D IV ID E N D D IS B t-------s T ru st Co., N ew Y< ... \ x . i : : : " 1963; b a la n c e f o r e x p a n s io n a n d d iv e r s if ic a - JW ' .1 ^ (3) *150,000 4% n o to d u e 1967, ;4 -_ _ b s B City Bank, L ........................ .. rg $ & - a C orp. $3 co n v ertib le p re fe r- e n e e ; N o p a rt; ' - A U TT^--10 M 0 0 .i h s ,; o u ts tg ., 100,000 s h s .; - n o par. ' : ^ C C N G ^ G ffife ^ U W e c t to r i^ a - M w a - i i ______ ,, aTn d - ; A G EN T--BankR E G IS T R A R S - - F ir s t .N. a tio n a l C it.y. E . Y ork and London and M organ G uaranty ! C o , N ew Y odt.- ISS U E D --Old n o p a r im are* w ere Issued .as follow s: 150,000 sn ares Jnn e, 1019 to acquire territory: righ ts; p aten ts, _ processes, agree m ents, etc.; in A u g - 1923,16,000 shares In blocks o f 5 shares first participating preferred and 2 shares o f com m on 'at $502 per block; 8.000 s h a re s co m m issio n f o r u n d e rw ritin g th e s e .'b lo c k s ; a n d ' 25,000. S h a re s . to ,7 a c q ^ e .`e x tr a tra d in g te rrito ry rlg h ts i P a te n t lig h ts, ag ree- r" 'm e n ts ,?e tc .; in rJio v y Hi f e #7$,00ffi5fl> w es~ ta b lo ck s o f 8 S hares firs t p a rtic ip a tin g p re fe rre d ! a n d 5 .s h a re s c o m m o n -a t $1,020,p e r ln p c k ; a n d 1.000 shares fo r underw riting th ese M ocks: in ` Apr.; 1927.13,750 shares I n lflo c k r e M shares first p articip atin g/p referred and one. share. ; com m on at $450 per block.; * 'i. ; < F la n d a te d M a r. ,7, 1 9 4 1 fo r m e rg e r w ith C e llu lo id C o ip ,. p ro v id e d .th a t each Share of. C elanese com m on continue 'f o b * a share o f com m on o f th e con tin u in g corporation.' 263,763 add ition al sh arer o f com m on w arn issu ed in accordance w ith plan o f m erger. - 330,846 sh a m issued In 'D e e - 193L in eonn ection w ith com m utation o f th e D reyfus p a te r t rights. . .a V Subscription High!*: G ranted sin ce 1950: . , . 'Com m ottustockht ~ ~ 1851, ` h a d -r lg h ttc v ertib le .p r e fe r r e d ___________ _______ ____ __ share::-Of. -preferred. sto ck .for., each, com m on share,' at $100 a share (7% second preferred tock w as: accepted on su bscrip tion s a t $150 I>er sh are). R ights exp ired A pr. 25, IsS L f.W - C o m m o n s to c k h o ld e rs o f -r e c o r d O ct. 25.1863 h a d : r ig h t, t o -, subscribe;: to 964390 c o m m o n Cv>H E M C E L--4L **-L I M I T E D (Controlled by C elanese CorpJ .' . j gH isto ry : in c o r p o ra te d u n d e r D o m in io n -o f C onsolidated B alance S h eet, as o f D ee. 31, C a n a d a law s, J a n . 26, 1926 a s C a n a d ia n C e l- ( in C a n a d ia n $): a n e s e , L td .: n a m e c h a n g e d to C h e m c eli (1963) A ssets: * - - .-.-.i,- . . 1965 -: ' . 1904 L td . S ep t. 30, 1963; p r e s e n t n a m e a d o p te d in C a sh ---- --___-- $1,076,798; $1,797,018 A p r. 1966.1-. : rr;' .-a ' v Can, G ovt, secur-- 16,605,825 I n J u l y 1956 a c q u ir e d p h y s ic a l a s se ts of S in k , f u n d b o n d s . - 186,000 781347 C o a tic o o k T e x tile s L td .; i n 1957 m a c h in e ry , R e c e iv a b le s ____ 18,933,287 15,168,931 ro cess m a te r ia l a n d .t r a d e n a m e s o f R a y flex 0 I n v e n to rie s 1___ 24.450,872 20,680370 o. o f C a n a d a L td 1.; i n F e b ., 1959 b u ild in g a n d P r e p a y m e n t s ____ 370,184 352,633 m achinery of SUngsby Mfg. Co. L td, an d in O ct., 1959 L u c ie n F o re s tie r , L td . T o ta l c u r r e n t _ $45.017,188 $55386.024 I n J u n e , 1960, a c q u ir e d A u x T issa g es F r a n E N e t p r o p e r t y __ 105355.122 99.438.829 ais, Inc. ,, - _ D eb t disc. & exp.. 586,009 - 563,705 I n O ct. 1963, m e r g e d C a n a d ia n C h e m ic a l I n v e s t m e n t s _____ 15,550.000 976,900 Co., L td. (p a re n t); effective d a te retro ac tiv e J u ly 1,1963. T o t a l ______ _ $166,408367 $156365,456 I n J u n e 1964, a c q u ir e d W e s te rn C h em icals L ia b ilitie s : L td . I n S e p t.. 1964, a c q u ir e d D u p la n T e x tile s A ccts. p a y . Sc accr. $9366,431 L td . -, -. ~ a a .c a u n : In c o m e t a x e s ___ 2,189,098 5,161,705. B u sin ess: C an ad ian. C e la n e se d iv isio n p r o D e b t d u e ________ 3300300 3300,000 d u c e s w o v e n a n d k n i t t e d f a b ric s . T ria c e ta te B a n k l o a n s ______ 6,700,000 and polypropylene w oven and tufted carpets, upholstery fabrics and acetate tow for cig- T o ta l c u r r e n t - $20,787,933 $17,628,136 . a r e t t e f l i t e r s . . .1--V li-V l --'gVAjA-yy---.Vi-- &- N otes D ebs. p a y a b l e __ 6s.1970 r.-V . L - 5300,000 4.000. 000 C anadian C hem ical Com pany division pro duces petrochem icals, m ark ets chem icals and D eb . 7s, A , 1980 _ 12.500.000 13,000,000 plastics. y . . . , . , --- 1 st 4%S A '6 9 ____ G e n . 5VtB A " 7 1 _ 6,000.000 3.600.000 8.000. 000 4300.000 P r o p e rty ; P la n ts a r e lo c a te d a t C oaticook, D eb s. 5% s B '85 -- 10.750.000 - D rum m ondville, M ontm agny, S t. Jean, L ord D ef. incom e ta x ._ 17,028,660 12345,200 a n d V a lle y fie ld , Q ue., a n d E d m o n d to n a n d $1.75 p fd . s tk . ($25) 9.875.000 9375,000 Two Hills, A lta. $1 p fd . s tk . ($25)-- 2,487,500 - -2,487,500 A liq u id p h a s e o x id a tio n p l a n t t o p ro d u c e i C o m m o s s t k . __ 47,818394 . 47.616,122 100,000,000 lbs. a y e a r o f a c e tic a c id a n d R e ta in e d e a rn . __ 35360380 31313,500 facilities to convert it to acetic anhydride is being bu ilt a t Edm onton, A lta. P roduction T o ta l ________ $166.408307 $156365,458 is s e t f o r 1966 4 th q u a r te r . A 12,000,000 lb s. a N e t c u r r e n t asse ts $24329,203 $37,757,888 year expansion of acrylate esters capacity is N et tang. com. sh. $6.30 $5.96 s e t f o r c o m p le tio n b y J u ly , 1966. E_ D e.p re_c_i_a_t_i_o_n _. $80,603,906 $75374,624 A ffilia te : I n J a n ., 1965, a c q u ir e d 40% in E A v e r. co st, n o t o v e r m k t. 013,233,961 (1964, terest in M illhaven F ibres Ltd., m aker of 13310376) no p a r shs. p o ly e s te r a n d n y lo n . C a n a d ia n In d u s tr ie s L td ., F un d ed D ebt: 1. C anadian C hem ical C o - o w n s r e m a in in g 60%. Co. a n d C a n a d ia n I n L td . first 4%s, se ries A , d u e 1969; d u s tr ie s e q u a lly o w n C E L -C IL F ib re s L td ., O P E N M O RTG A G E--O u ts ta n d in g , s e rie s A, fo rm e d t o m a r k e t a ll f ib e r s a n d y a m p ro $8.000,000. duced b y th ese Cos. D A T E D --S e p t. 1, 1951. O fficers: M. W. M a c k e n z ie , C h u m .; R o b in M A TU R IT Y --S e p t. 1, 1969. so n O rd , V ice-C h m n .; C. S. M alone, P re s.; IN T E R E S T --M&S1 a t a n y b r a n c h i n C an ad a F. J. F itzgerald, V ice-Pres. (C anadian Cela of C anadian Im perial B ank of Com m erce. nese): J. R. G latthaar, V ice-Pres. (Canadian P rincipal and interest payable in law ful m on C h em ical); J . C. L a n g fo rd , V ice-P re s. (P la n e y o f C an ad a. n in g & D ev.); W. R. C le rih u e , T reas. a n d T R U S T E E --N a tio n a l T r u s t Co., L td ., V a n Com pt.; J. H. B irk e tt, Sec.; A. G. A llen, couver, E dm onton, T oronto a n d M ontreal. Asst. Treas. D E N O M IN A T IO N --C o u p o n $500 a n d $1,000, D irectors: W. A. ArbucM e, H arold Blancke, registerable as to principal; fully registered S25.000. P . H . C o n z e, H. A . D yde, Q.C., R . M. F o w ler, C A L L A B L E --A s a w h o le o r in p a r t o n n o t C. J. M ackenzie, M. W. M ackenzie, P a u l M. M arshall, R obinson 'Ord, H on. Je a n R ay le s s t h a n 30 d a y s ' n o tic e a t a n y tim e to e a c h m ond, Q.C.. M .L .C ., Jean Sim ard, R. E. S e p t. 1. in c l., a s follow s: 1963, 101; 1967. 100%; th ereafter at par. Stavert, J. R. K ennedy, P. N. Thomson, E. L. W eldon. A. E. Cochran, W. L M. T urner, Jr., A lso callab le a t p a r f o r sin k in g fu n d (Bee C. S. M alone, L. B. Johnson. below ), on like notice. S IN K IN G FU N D --C o m p a n y is to r e t i r e $1,000,- A uditors: P eat, M arw ick, M itchell & Co. 000 s e rie s A bo n d s a t p a r o n o r b e fo re S ep t. A nnual M eeting: In A pril. 1, 1954, a n d $2,000,000 a n n u a lly th e r e a f te r . I n No. of S to c k h o ld e rs: Dec. 31, 1965: Pre-' lieu of cash, against any company m ay take credit at par installm ent for bonds tendered f e rr e d , 2,819; co m m o n . 17,656. or redeem ed other than by sinking fund. No. o f E m p lo y ees: D ec. 31,1965, 5,914. SEC U R ITY --S e c u re d b y firs t m o rtg a g e on a ll H ead O ffice: 1155 D o r c h e s te r IBlvd, W est, la n d , p l a n t a n d e q u ip m e n t, a n d a firs t flo atin g M o n tre a l 2, Q u eb ec, C a n a d a . charge on all other assets. C ertain contracts Consolidated Incom e A ccount, year ended for purchase of raw m aterials and sale of products are also pledged. D ec. 31 (in C a n a d ia n $); 1965 1964 In d en tu re perm its releases of m ortgaged N e t sa le s ________ $108,060,297$96,686,336 property under prescribed conditions. C ost o f s a l e s ____ Selling, etc., ex p .. 67,873,548 11,385,922 59,410,021 9,647,234 A SSU M E D --L ia b ility assum ed by C e la n ese Deprec. & a m o rt- 7,208,433 6,577,807 L td . N e t e a r n i n g s ____ 21,592,394 21,051,274 C R E A T IO N O F A D D IT IO N A L D E B T -- A d O th e r in c o m e , n e t ' 424,279 1,384,656 d itio n a l firs t m o rtg a g e b o n d s m a y b e issu e d T o ta l i n c o m e ____ 22,016,673 22,435,930 f o r (1) 60% of le s se r o f c o s t o r f a i r v a lu e of I n t e r e s t _____ . . . . 1,827.339 1,985,472 a d d itio n a l p r o p e rty p r o v id e d e a rn in g s f o r 12 In c o m e t a x e s ____ . 9,658,300 9,842,521 c o n s e c u tiv e of p r e c e d in g 18 m o n th s a v a ila b le N e t i n c o m e _____ 10,531,034 10,607,937 f o r i n t e r e s t (as d efin ed ) a r e n o t le s s th a n 2% R e ta in e d e a rn . 1-1 - 31,113,500 24,460,136 tim e s a n n u a l in te r e s t o n firs t m o rtg a g e b o n d s $1.75 p fd . d iv s. _ .i . 691,250 . 691,250 to b e o u ts ta n d in g ; o r (2) 55% o f e s tim a te d $1 p fd . d iv s. - _____ 99,500 .,- . -99c,5o0s0t o f -in crea sin g p ro d u c tiv e c a p a c ity w ith in C om m o n d i v s . ___ 5392,904 4,178,707 IS m o n th s a f t e r c o m p le tio n o f p la n t, p ro v id e d C r e d it ----------------- ' _____ E l , 009,884 e s tim a te d e a r n in g s u n d e r fo re g o in g fo rm u la R e ta in e d e a r n . 12-31 35,560,880 31,113,500 a r e 3% tim e s su c h in t e r e s t a n d in co n n e c tio n E a rn ., p fd . sh . ___ $21.30 . $21.45 w ith a d d itio n a l in v e s tm e n t i n c o m m o n sto c k E a rn ., com . s h . __ 0.74 0.74 b y p a r e n t a n d /o r o th e rs, Cash flow, com. sh. 1.60 1.43 D IV ID E N D R E S T R IC T IO N --C o m p an y m a y N o. o f p fd . s h s . __ ' 494,500 494,500 n o t p a y a n y c a s h d iv id e n d s u n le s s th e r e a f te r No. of com . Shs. . . 13333,961 13310,176 n e t c u r r e n t asse ts a r e a t le a s t $3,500,000. [^ R e a liz a tio n o f s u r p lu s f o rm e r ly a ris in g P U R P O S E ---Proceeds w ith o t h e r fin a n c in g to upon subsid. consol. construct Edm onton plant. shares on basis o f on e abare fo r each 8 shares h eld a t price o f $45 a abare. R ighta expired M ar. 12. 1963. i.:-*.-':-,..; /. i , Com m on stockholdere o f record Mar1. 16, 1965 had righ t to su bscrib e to $78,858,800 convertible subordlna-ted debnture 4s, due 1990 a t p er at r o te -o f flOO. debentures for . each 15 b ales held- R ights . expired Apr. 5, stockholders of record M ar. 10, __________ ht to su bscrib e to . 1,478,622 ,com m on shares o n b a sia o f o n e share fo r each 8 shares h eld -a t $64 a sharA"R ighta explred- M ar. 28, 1966,. ;p j S to c k O p tie n t h eld b y em ployees a t D ee. 31, 1885 on 46300 com m on shares at $86 per' s h a r e e x p ir e i n 1970, ~ st; - ^tails'ii4:.- V #^-f :: > . ,*-m f c -.-.`V.; ; -,-7-V L E G A L --I n o p in io n o f c o u n s e l, f o r c o m p a n ie s registered under C anadian and B ritish in surance com panies act. vr. O F F E R E D --($31,000,000) i n C a n a d a a t 9 8 ft in S e p t., 1951 b y N e s b itt, T h o n u o n & Co., L td ., M o n treal a n a W ood, G u n d y & Co., L td ., To ronto. r l. 2. C anadian C h em ical C o* L td* gan eral SVls, se r ie s A , d u e 1971; : . ' . , O P E N M O RTG A G E--O u ts ta n d in g , 'a e r ie s A .' $4,300,000. D A T E D --S e p t. 1, 1951. ..V VV-- M A TU R ITY --S e p t. 1, 1971. r IN T E R E S T --M&S1 a t a n y b r a n c h In C a n a d a of C anadian Im perial B ank of Com m erce. Principal and interest payable in law ful m on ey of Canada. T R U S T E E --M o n tre a l T r u s t Co., V an co u v e r, Edm onton, Toronto an d M ontreal. D EN O M IN A T IO N --C o u p o n $500 a n d $1.000.' registerable as to principal. CA L L A B L E --A s a -w hole o r In p a r t o n n o t ' le s s t h a n 30 d a y s ' n o tic e a t a n y tim e to e a c h ; S e p t. 1 in c l., as. fo llo w s: .1963, -101; -1967,-100&, thereafter at par. - .............. ... % Also callable on lik e notice for sinking fund, (see below) a t any tim e to each Sept. 1 incl.* a s fo llo w s: 1963, 100%; 1967, 100%; t h e r e a f te r a t p a r . ___ , ___ - ,,i* _ S IN K IN G F U N D --A n n u a lly o n o r b e fo re ea c h S e p t 1, 1955-70, s u ffic ie n t to r e t i r e $700.000 series A bonds. In lieu of cash, com pany m ay take credit a t p ar against any installm ent for bonds tendered or redeem ed other than by. sinking fund. SECURITY--S ubject to p rio r lien of first; mortgage, secured by m ortgage on all land, plant and equipment, and by pledge of certain contracts: and a floating charge on all other ASSU M ED --L ia b ility a s s u m e d b y C elan ese CREATION OF A D D ITIO N A L DEBT--Additional general m ortgage bonds m ay be issued under provisions sim ilar to first m ort gage, w ith interest on g eneral m ortgage bonds included in com putation of th e related ratios: total of additional issues of first m ortgage and general m ortgage bonds m ay not exceed 80% of cost of a d d itio n a l p ro p e rty . D IV ID EN D R E S T R IC T IO N --S a m e a s firs t 4%S. s e rie s A d u e 1969. P U R P O S E --See firs t 4% s. (N o. 1). L EGAL--Sam e as first 4%s. O FFER ED -- ($12,000,000) i n C a n a d a i n S ept., 1951 b y N e s b itt, T h o m s o n & Co., L td ., M on tre a l and Wood, G u n d y & Co.. L td.. T oronto. 3. C anadian C hem ical Co. L td . sin k in g fu n d d e b e n tu r e 7s- se rie s A ; d u e 1980: OPEN INDENTURE--O utstanding, series A, $13,000,000. D A T ED --M ar. 1, 1960. M A TURITY--M ar. 1, 1980. IN T E R E S T --M & S 1 a t a n y b r a n c h in C a n ad a, of C anadian Im perial B ank of Commerce. Principal and interest payable in law ful m on ey of Canada. T R U S T E E A N D R E G IS T R A R --R o y a l T ru s t Co.. E dm onton, V an co u v er, W innipeg, T or onto, M ontreal. D EN O M IN A TIO N --C o u p o n , $1,000; r e g is te ra b le a s to p rin c ip a l; f u lly r e g is te r e d , $1,000 and authorized m ultiples. CALLA BLE--As a w h o le o r i n p a r t a t a n y tim e on a t le a s t 30 d a y s ' n o tic e to M ar. 1 incl. as follows; 1 967- 104.60 1968_ 104.20 1969-- ' 103.80 1 9 7 0 - 103.40 1971-- 103.00 1 9 7 2 - 102.60 1973-- 102.20 1974-- 101.80 1975-- 101.40 1 9 7 6 - 101.00 1977-- 100.60 1978-- 10030 1980-- 100.00 Series A debentures m ay not be redeem ed b e f o re M ar. 1, 1970 w i t h b o rro w in g s a t .i n - : te re st ra te low er th a n 7%. - . - w 'l - v - Also callable on lik e notice fo r sinking fund. 1(>0- - > . - . ... .-i SINKING FUND--C ash to re tire b y purchase, o r b y c a ll a t p a r $500,000 d e b e n t u r e s , each M a r. 1, 1962-70 a n d $1,000,000 d e b e n tu r e s e a c h ;. M ar. 1, 1971-79. P a y m e n ts w ill r e t i r e 90% of issue by m aturity. C om pany m ay purchase debentures a t anjHim e a t n o t exceeding gen eral redem ption price. . .... ;. ,,..m SEC U RITY --N o t s e c u re d ; s u b o r d in a te d to prio r debt. Secured by a floating charge on property, subject to first m ortgage and gen eral m ortgage bonds. . .. i:` TO O 'd 8 8 8 G 'O N X H /X l 8 I `2 I 66/TT /SO M OO ........ . ^ , W L r f f i n * 1* w < t o r U w * * jic.I.f.fHi i tk a l f n , CM*tsd*fJaAbtrhice*p. rCo dtmu cv-. ^ x p k ^ i.v " ' f e r t i l i s er, y n th e fie pcaaeidc. p e tro le u m chamOcato D Y 'S I N D U S T R I A L M A N U A L I CHEMICAL INDUSTRIES LTD. J* twfar2nuSntii*^- c i Am erica lite, * s - * - (* a p p e n d e d y i e w s ? . . C h a m b e r., r o y d , P_ c . A lle n , L . t t , Jm m inai S iaan tactu rtn s Co, of D elaw are principal A ffiliates: S f f a t . 1f c c l m m : A - W hitfri. K in g d o m : t t r i u ttew lim c o t t o n K 0 ,5 * T c i 8p h ^ . <^ ^ A luB U M U m ^. IM 2645 Churn.: sl H aL w iU tanu, L ord W oods, Sec,; G' rfevciopm .rjt In ^ i l T T to r ^ S S f. ? ^ on w S W a -- i n im e a m o u n ts to :^ M ii S u ? ' (M l e u b tid ia rlm fe W 1' \ M etal Industrie* L td . m . X.) b ^ ^ S g g ^ ' i S S S S S r v x 1? : - .... " T _ ..f z * -riro Im portai M etals S P K S IffS S P jSfpainrnse rw* (fPf tlyi.)s L td . _U . S. A.: T ib e r In d u strie s, In c.. R u b ico n raeional C kw <p s " m iT* lunuisa ntcuntR uinppeaaa Pf1/ * L 15if,u *lr a Q u im icti, S .A .. f o r tn a n u f r e - m &SS% **** PrtfO -cfteBU clO i a n d p la s tic * P ' Ji- jp o b e tta . * \ 6 B s i S f l if * y * fg fjx S ; * J J tw ^ l.R j . W r tg h tT l^ d ` ` L. II, K. G. A u d it r* . P rie * W ste rb e m * A CA a n a T h o m s o n d j U n t i w k & C s , TM * " c ' A n n u al M eeting: M arch th , A W b T * 1- lwr>: *- * > . ^ a r s r a ^ u - K.) Dec. gf i _ WI -Z---s,"-- -raoaa wamuca* loro, o f A m or I l o r s e f i i y , fo n S S if. 3 ? w ? l . E n g la n d . H ouw *' Agriculturalrnriuattle* Ltd. tea form ed Icatai P la s tic I, itt th e n e w comts&ny. . o w m n 59% ;vc.it*rilsCbuitnuisiccaali5IAn di-ugsctareiein*aio r51AAi.m t'r.l1. * ( J i L l l i f 196A B *iU ah S ty Ion. S p in n e rs L td . ito rraaiiy ow ned jointly w ith Cowrtauidi. M , * " tw Z ealand L td. f uy w i4 subttiaary. in dP^if^SH to H aes? itsy '^,uLd .(lenJd?u5nilt.lniaL* xTr.?triii.a t(rn`ceaa toifKCadneaari*s tLa ttod.. consideration thereof boldines of C ortaulda o rd in a ry sto e k (3714%) m ere epneelled a n d ia to ..,., *5**------- ssfl.4ss.ooo Mfi.40B.000 liSa Ss is-i--l-i-"-- i m SSoSSq 13.800IW) (furo*) Ltd. m npany screed & ysss to pay A 2.m o.om a y e a r- f o r 1M2------- 9 .9 3 8 .0 11988 ___ fl8S.900.0OO , S',Chemical Corp. o f India Ltd, -Jjaja & ritiro* of itnta ta , . ** l.lo ln tty .w ith PhflUg P etro leu m Co. . OlctMMlHiM *f fXtUOO.1): t y e a ra e n d e n D ec. u * * a C o. L td . <K e n y a ) (South A ttica) LM. fo rm e d P h illip s I*npcri3 C h e m ic a ls i .td , S y d - V* * SIWm m m **. A b t o n d ___ TMu '\96. 432.8 30 422. Hfl 373.8 2h Se r^-anniSdlicSa?rb?oMn ti?dtamuk2n. u a c lu n i rub* T otal <42 4 883IS --39-.,0v 80S. 34. d. 4.2 ME ACCOUNTS CON SO LiOATRp INCOME ACCOUNT. T R A I ENDED DEC. I IZMSisSib 180.868,0 51986i5 A 194,120.000 rm avu l i - t i1d3V6jr3 185,300.0 149.610,000 19*3 i2 ,U 6 .0 W IBAt 114,809900 _ 1980 ' penalou fu n d , etc____ --------* * d ep reciatio n _ ____ 268.000 14.000. 0 .^420.(1 12.200,000 200.000 10,600.000 108,000 157,000 8.813,0 151,000 a,as7.afto 1 3 9 ,4 ,000 - M m tr a d in g profit . . . . . . . ___ __ ___ * from anaciate* SiT *S~ *7 _ 7B.3W.1XW M.ww.iioo 68.800.000 lttis.Q fit, 000.000 11S.100AO* 84,701,W0 U A I .0 M 72.8OTJ 40.sns.0M ~ fe.8te.00ft .,P :S 8S ,, n.& s.w m b J (n m M cunti* .u* f r o m ------- ^ 7.500.0 900,000 7.400.0 800.0 [Sio.M o.om l.io o .o o o ai3.S93.0m 780.000 *'iS:8SS| S.1S2.0M I incorna . ila , 2.2.55 - 4**** 5.500,001) ?yV.55 EjgafjHi} 3.238.0 1.1.000 ^08.7,000 123^00,000 37.SOO^OQ 100,069,000 i,S7S^0O " T t S i O T 101,033.006 t e r tfcwe*. e ta . . . . . _____ . . . b lo a n in a u ra ti ___ . . . . __ y te * p ro fit M u r la f l_____ ____ n e t In co m e ______ _ ^ m S S d 'w M . n p iV .'to L c I; M el iinM iw * (c o m p a n y o n ly i- e r e s e r v e _____ T m viiU S d r y d iv M e n d s _______ tan a n dividerai* ass.soo.ooo 17.000. 000 S .0 0 0 J " OT4M5.0WF 4.MO.OOO 1.8W .0 so.soo.ooo 006,0 22,300.0 11,600,000 lg.6M .0m 78.600.000 M oo.ano 3,600.000 "M m o S&S a .m jm 13,000,000 - 1.000.000 S1.700D0O 47,206.000 6.800.000 16JM.OOO 61.aM.0M 3.600.000 7.400.0(H) gJBO.tlOO 43.334.000 2,838.000 5.414.0 7,487.0 8.719.040 3^,3^4,000 2.381.0 3,173.000 32,840,0 37.739,OM 4.6-------- le e 'iitc r ^km tlng aoludinSrcsjM .M O dividendrn rJ w d c T S ritie h N y lo n S p i n n a n ________ ' deducting proportion of incom e to e. HWr. ' , 7 ^ i719Bp,--4ttO(7B-flOir,- DuiMDMt. etCi =nee t i aupreclaiinn p ro p e rty YWt. In am o c. c o m n a m e a ___ Jn uba, n o t e o a a o u o a te d _______ ro rtre o certificate Will . . . Jfcetabla tnyaatnienta 1~ t2drat wh h t i -----------Total ^Ksi^jpjL - j a b lp .com pendium f t tlod u rtrial .t^ p tA p a ra tio o of " ~XO:'B0"66-Tt -- ^e'w 05/11/99 12:18 TX/RX NO.3883 P.002 EOO'd 888*ON XH/XX 8T:ST 66/lt/SO MOODY'S INDUSTRIAL MANUAL 2947 sua' p ay ab le la law fu l n a n g r o f C anada. T R U ST E E --N ov*! T r u r i C o . aso n to aal. C apital S tock: ( . C enooten In s s d rb a U h 4% ta w s j i H w ereferreaj g ar N i ,, O t B O A K O -- d J W share*; o u tstan d in g . 46.500 s h a re s : p a r Ko. W SJM TiISNCE& --H** p re fe re n c e f o r m l--um i s5ay` n M . te a l., ifo im n ; ___ 100 ) K ? -- 100.50 ______ _ M __ _ 10030 i . , _ 100,19 } < _ ,. sea.sg `o 1mmp atitStyk nmi ay or a l By oudu p riv a te n A A w lw w in co n tract a t n o t ed itu r ab o v e r d e m p tio n p rie pin* up. to 71 % a t p a r a t d eb en tu re* so p tu p h tu ed , c a lla b le fo e ila W iii fu n d (w h ich sea) -.a TSftptSRW% S tNtbrLWl E. I S C S U d a g J M * s w h o le n r in n a n a t a n y tu n e o n a tle s* * 39 d ay s' n o tice a tu o to N ov. so. iaa7 . la c l,, a n a a t i% lee* .each y e a r th e r e a f te r to uw a f te r S o , so, a t t i p ro v id ed , how e v e r, n o d eb en tu re* m ay b e redeem ed a d o r e SSK-C o m p an y m a y d s n p u re b a m d e b e n tu re In wit m a rk e t o r b y p r iv a te c o n tra c t a t n o t re c e d in g a b o v e re d e m p tio n p rie s plu * c o a t o f p u rc h a se , u p to ) o f l% o f p e r o f d e b e n tu re s ^ u rc h s s e d . D eb en tu res acq u ired to be sfttfflw r' w M e n ^ jP f 9344 c e n to p a id " O ct. I f , 1*S* a n d q u a r te rly p ro m ts o tm --------- - eneer ;rt$ a! om f com pM fattu re o to r userease earn ara -- ' " * p reced i y e a r, w hon S I --^JE T liSSSatlon. en- f e a p ita l Sa p r io rity to PHm aharea. [PA B IJE --N o t c a lla b le . ___________ Ct o b lig a tio n s o f th e t n o t s e c u re d b y m o rti----- p e r o p a d d it i s &w a s 1 >p u rc h a s e m o n ey m o rtg a g e e e x istin g lie n s o n p ro p e irtr w- ired , com pany m ay n o t U _ J *#y b u--n i--e--- - d e b e nCrtt^ujprfce s are fo r asiu Jy jm d IV . aacu n ty -- 1 to secu re n u l tu n n ed ____ ______ retirem en t p ro n i a n y 12-m o n th p e rio d w o u ld r e tir e te r p ercen tag e o f, su c h addiB anal d e b t th a n p ercen tag e o f d eb en tu re ___1971 re o H ired to b e r e tir e d f o i th e m g fu n d in sam e p e rio d ; p ro v id ed th a t e e n iH s ^ in i^ c re a te tu n n ed d e p t co .. -IM,, u te ly 1g--ffim----&.dti&ngt fu a---m, nd purm --u-a^!V fii&SlSS. its -- --,, .p,,,,, f p t- d-e-"b-eTnitu reeas so Ion f u tu re oasmxaata _ riach c o n c u rre n t 12-m onth p e rio d a r e to ssed DroDortSorjateiy; provision* u n d e r th is use (3) rln not apply to ad d itio n al fu n d e d ' sthuka up to am ount equal to % of to tal d obligation* to be outstanding. ass I>K1W> R E S T R IC T IO N S --C e m o a n y S la v by p ay m en t* son. o r d istrib u tio n * to. om - . r e d u c e t h e a g g r e g a te o f U I, a m o u n t p a id ~ ------ (Si consolidated cap ital su r- 1 e arn ed surplus (aa ________ . . . _ .i d o r n u k e a n y *uch .n t o r d in trib u ttO n w h en se g re g a te is th a t am ount- n m v td sd th n t l f an y B re ed o r o th e r sto ck b burned o th e r th a n f Or ' com m on. jw eh issu a n c e la d eem ed a listrib u B cn to com m on, rooeeds, to g e th e r w ith com m on ngi f o r re p a y m e n t o f $18.000.000 fro m additions a t C ornw all, Botoeil. g a n d sn a w in ig a n . f t Co., L td - T o ro n to , R A N G E --1*9 1999 MW4 ---- -------- --- .81)4 9$ 9T C an ad ian tu n d e. i>JCIifkfMnuSi^n utd u etx ie* L IA < 1*63 m WHi 1962 g HI SU', s m s ^ i s s r 04cwap,u,y D IV ID E N D R E S T R IC T IO N --C a m p sn y m a y ta t o n cp n u n o n , ( 31f c o n so lid a te d , c a p ita l. s u r p lu s a n d (31 c o n M a--t-e-d1 c o rn e d' s u rp lu s (ae defined). below S 5,000,000 n o r m o k e a n y su c h paym ent n r d i* t_ ,, b elo w th a t am o u n t, W b an k a n a n d O(VFTlOfEpUeeKdDa --toiJc2o0m.MpOa.noayo,) 33fn ) C anada t nit N ov. II. b y A . a AuiC* da C o. L tcL . To;r--o n "to . a n d as se d a te s. du e yS?1arflJ"> <"totrlaa Ltd. debenture $H% y a?tJrJiUr .*SPkr.o c1e9aetd aif?o irc n*-e wS30a.On OdOei.Mx pOa. nHd eedld p plarni-t fa c ilitie s fo r am m o n ia, fe rtilis e r, ch lo rin e en d c a u s tic aotto- f o r e x p a n s io n o f T J i.T . p ro d u ct !" . a n d to im p ro v e X tm tu e r d istrib u tio n (a u ilitic s, D a te d D ec. 1, 1904: d u e D ec. 1, JM4; p r in o tp al a n d jn to rro t (J& m > p ay ab le in law fu l m o n g i o f C anada, n y a l T ru s t Co., M ontreal C allab le a t a n y tim e a t m s% to ww. ao. JSS8! ^ 'd u c a d P ric e a n n u a lly th e r e a f te r to too a f te r N ov. so, ia a s : h o w ev er, n o t c a lla b le b e fo re e e . i , (M l fro m ftu sd e b o rro w ed a t in te re s t co*t o f leas th a n 5% % . Co. m ay a ls o p u rc h a se d eb a. In o p e m a n te l o r toy b rlv a te c o n tra c t e l n o t ex cee d in g above r e d em p tio n srie e a p lu s eogt o f p u rch ase, u p to l i o f i% o f p a r o f d eb e, p u reh ase d . D eb s, a cq u ired n o t to b e reissu ed . o & '& S W e b ^ S JI& ^ I^ *r" ,ten C o. a y n o t b y p ay m en ts on. o r d la rn - to tlio n s to , com m on, red u ce th e oggregage of ( l) a m o u n t p a id u p o n com m on. (Z> co n ao lid a te d c a p ita l a u rp iu a a n d 3) conaaU dalea e a rn e d e u rp iu s (eg d e fin e d ), b elo w sm .oao.aoo n o r m ake an y m c h ^ M y n e n t o r d istrib u tio n w h e ni a g g r oIait_*__!__________ ___; _a_m__o_u_n__t. lieu igso.ooo.oeo) p r iv a te ly a t lo a o n M a. s e g re g a t i o t . ________________________ ^ f^ tu tc ahar* of C anadian Induatrles pra- X d s l l b - O n M o n treal a n d T o ro n to S to ck E x - ^ D ^ S E E R . A O ilN T --R E G IST R A R --.N a tio n a l T ru s t Co., L id., M ontreal, T oronto a a d V an couver. D IV ID E N D D IS B U R S IN G A G EN T--(N atio n al T ru st Co. L td., M ontreal. P R IC E B A K O h - i*SS 3995 199* 1963 1962 1,^0-- --* 31 03)4 M t 59 D e w .............. .. 74 a t ?a go i d . j y t o l i j l * * e t 5r i M u s ,< a e n H f l( a * a e r i A uTHOHZM3>--13,500,000 elw rea; o u ts ta n d in g , 9,794,161 sn a re : n o p a s. Im perial C hem ical Industries of C anada L td ., QWTiB (73.4%) s t o c k . V O T IN G BIG H T S--H as an o vo to p e r h are. OTVIDENDS---(Ito sc n e n tx ein ce 19*3. fnH u w ): 1934 SAIO 1955 . . 30.4? 19*1, (B 90.5c 1963-- 0.6S 196 0.60 10*5-- 0.63 I960-- 0.69 HUSST__ 0 ^ 7 )i LdBTBD--utv M ontreal a n d T oronto S tock E x change T JtA N S n S B A G E N T --BBG1STRAH--N a tio n a l T ru s t Co., L td ., M o n treal, T oronto a n d V an couver. D IV ID E N D D IS B U R S IN G A G E N T --M a tto n a i T ru st Co. L td., M ontreal. P R I C E R A N G E -- 1966 1363 1964 1W3 1908 H igh--------------- 1 4 M ' 4 W ik L o w ---------------- 1511 l i i 17)1 . O f fe r e d 867X71 eh*, in C a n a d a a t ________ o n A p r . 13. 1983 b y A. X. A e * a t C o. L td .. M ontreal, an d associates. She, being offered e ra t h e going unsubscribed by Im perial C hem ical In*u*tr>ee L td.. London. tights w e re being o ffered to _s t_o__c_k_h_o__ld__e_r_s_ r e c o r d A p r. 0,39*5 to p u r c h a s e a d d itio n a l com . a t 320 a ah, o n b a s is o f a n a ah. foe each 3 aba. held. 30. V . S . b a ld e n w ill n o t I k eE g lb la to p u r ch ase ad d itio n al d * . n th e Issue w as n o t re g isew fad^ w ith S E C ; h o w e v e r, th e y m ay , se ll 't s m : Open; lw tiH ii5 iii t , mwf- jL-mamr--Dec. i . wrf. s S rt e th esw afte r , lasued- in C h n w ia an M ,,, Im p e ria l a c q u ire d o n ly a sm a ll p ro p o rtio n o f th e a d d itio n a l com m on sh a re s to w h ich i t w as e n title d , an d th e re st w as o ffered fo r p u b lic so la in C anada. . ... I.CM.-- -OMGANICS-- INC. ' ( Cso tr elied b y Im p erial C h em ical I M o fb it i L id .) 1In c o rp o ra te d 1 R h o n e Is la n d n o v , . o s su c c e sso r to H * so a -C h a p in 4jt C o .1 , . _ esto b liah e d I n 1815 a a A rn o ld , ilo ffa.3fc C o ., In c . P re s e n t aa n s* assu m ed d u ly 1 , | ,1948, a c q u ire d B a rk n e ta & C o w in g CO., ! a n a ii. now o p erated , a a a d iv isio n . i v t o i M a d u fe e tu rin g ch em ist* . P ro d u c ts Id a d y e s tu ffs, s u ip h e n a ta d O ils a n d fa ta . -- re p e lle n ts, f d o u m n , sy n th e tic d e te r- p la c tic U e ta . o rg a n i eater , catto n to e to .i >1 w e ttin g a g e n t*. p la u v ___ i c h e m ic a l a n d c h e m ic a l* f o r u s e m* C w w to h , H in c k le y , A lie n , S a lisb u ry & P a r o n s, P ro v id en ce. A u d iterai E rn s t & E rn st. A u n u a i M aadinas T h ir d T h u rs d a y In V eb, M a. o f M adkkM rtdemu J a n . 1 3 ,1C, 34S, M d. x a tp le y a e s i D ee. 31, W 4KL M ain O ffl**: 35 c a n g i a t ..'P ro v a to n e * t . R .I . C e n je lld e te d iP een ta M s m s I; y ea rs m f r i z ,.. W R <TOSH ^sg^MlUMb OHa";i.S.t,4 vpi -t*l4 SW V W W t'"' " vs- O w tu p u m * K t n iib to a ;. I n te r e s t ______ O th s r d sd U ct. ) .___ P a d . in n . t u t -- 1st lai------ ..f .... " rtu 'A f - H fiU .t S S fd -:;-^ r L a n d _____ ________ - 11S.6XS i s t r u c i i d t t ------- 937,683 _ _ r av rei* ------- - . 4JM D eferred, chargea . 3.144 -- - -T 5 3 Sl S 6 Ljtsasbmi u " " A cco u n t / lif e - . A fitfu a u . ite. dea D u* a ffilia to -- , Sftungs T o tal c u rre : n - t . 93,566,313 m s m a m 'T n a fltf* ' P riN eaA S ^M rar nH ig m m 8BA1S 93,1993182 ^-f-aS U S M eo'd 5 * 'p tiS '9 ,< a a la m tocE m d jS S iS isR S 2 0 = 6 0 6 6 ~ T I -/T i? w L O O 'd 88`ON XH/XX 8I:2I 66/ll/SO prit yean ma wtmtnL sraa&s. "T :***"* r***-' U -* 7.7S EHAttar W% atosk <!ivJdkd; hctorm, si B M * Ittd lu tte i il n tfi a n t n u l nd prlar jx a m iM d H OEa pu w lto w ta < *100 c e r W 'O l o r iirL u i u l s n * a . ^ ^ ^ ffiN ct U n tJb iB aceet* a g u re e a c lu d d e b t dlcoow nt > d M I *nd M pm M f CAAW J _____________ _____ _______ _ ____ e n n et ta u V it. d is iin . " 7 . .. " oiaU ftndhw . R S ^ Pi*** A. ' * O. , - e i - i f .............. SSS'Sg"**0 TBtlS VorJt. ` l * t tm io a . Hfc#d fc. Co.. iK rr: M u m Ui U i o a W n ih lw V -B ank, New tw hteh M l on O ' * Com patir w n k *t par rar benture* . m s o t tw s m f'W " s o t crait or -as.i-.soe -d? <l*** "d c tib ir-'i. '4a MHrit&i aafaSul:t ' 8 ! 6 ^ ^ |- i w M a y - 1 1 - 9 9 0 9 : IO 08 m i f o r a n o n U o s i pero u o p o roT -* w * e >K> r8wajK - i 3 p& S 5k PI . pw tnm f h s ,g , S ! g S & w m w m f fB W W tute n o *ft<ro%ronb v n M m in u ti m i i i U So q n a n t i p Mn*rmBDi> n v w w ut o m "* ^n g-a -^~ s3x R oym f^ 3 5 A i o ^pSaw , W O U nVJLMVO ' w w i i W t t g <nt n 4 w i ai raiM ) * _ _ _ 'I 'AON S w w m r t ' s t -t `A o r -------- -- r..s...wr r JW i t ox 3 3 " ^nwp.'v >^ J*H{tSqlp>p?oiSnjjt , ------------- ` o'noii M n u . 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