Document dn4bkZ2XrX2GBqwXEM4D6jwM9

,r== MOODY'S INDUSTRIAL MANUAL AMERICAN and FOREIGN FRANK J. ST. CLAIR, Editor-in-Chief Editorial Board Lloyd C. Sweet George H. Parsons Arthur W. Herrmann David M. Elunwood David M. Day Albert C. Esokait Richard Olney 1963 Robert H. Messner, Publisher MOODY'S INVESTORS SERVICE, INC. 99 CHURCH STREET, NEW YORK 7, N. Y. PHILADELPHIA Suburban Station Bids. BOSTON CHICACO LOI ANCELZS WASHINGTON SAN FRANCISCO 75 Federal St- 135 So. La Salle St. <06 So. Bill Sl Woodward Bids. Bum Bids. LONDON: MOODY'S INVESTORS SERVICE, LTD. iitlitr StrMt, LC. 4 , 1963Copyright by. Moodt's Investors Service, Inc., New York--All rights reserved H i i * J 1848 MOODY'S INDUSTRIAL MANUAL T1A HTTJTTM Accounts payable .-- . accrued liabilities-----jIProT. for estimated income tares Total current llaMlltias--------------- Deferred Income tax------------ ------------- H)Capital stock -------------------------- Surplus___ .... -- Total -- 1962 916.425 480422 721,726 1435.840 $3.654413 2450.000 30.984405 43.602.121 $80490.539 $47,467,707 1961 $783,420 449429 745.705 1.440,629 $3,419,083 2469.000 30.984.205 40,573.735 $77,346,023 $43,046,979 1960 $886,885 461.950 822.640 1497471 $4.069446 2.468.000 30.984405 37,875,713 $75497,264 $38,635,347 1959 $923453 488470 715.685 2416427 $4.444435 2.177,000 30484405 35.798.019 $73,403,489 $35,954,199 1958 $857417 496.472 741.690 1.735.055 S2.S30.434 1408.000 30.984405 34.167455 $70,489,994 $34,856,479 1957 $934,099 483.470 759468 1.013.868 $3,191,305 1.108.000 30.984405 35.048.386 $70,331,897 $37,102466 1956 $953,752 506479 800.109 3.639.095 5439435 1.035.000 30481405 40409.455 S78.027.795 USS15.OS0 PROPERTY ACCOUNT--ANALYSIS Additions at cost-- -- Retirements or tales--------------- . $814415 144441 $826,001 35,496 $1,753,303 113,481 $1473.660 149451 $2,783,093 None $2639.140 8.826 $3,427,935 3.014 pv-PTtlXTBJSEBVX--ANALYSIS Additions charred to Income-. Sadie, renewals charged to reserve Other_ - I,.----- jjjAt cost. Market value: 1962, $28,798469. $1488461 "214476 :ome [1960-59: 8271,054 19,629 2*7471 and other Metals sold $1468.977 98425 236,126 $2,184470 3.467 2,752 $1,942,305 None $1,785,943 7.126 $1472.613 1.661 under contract mined, calculated on basis of book value of mining ciim nrf land and estimated ton rni9E2- Metals (at lower of cost or market-- <iBdia process). $1458.159; materi^ Sdsupplies (at average cost), $3,997468, depreciation Policy: Annual provision far depreciation is based on quantity of ora ex tracted. In amount to equal book value of de nage of ore recoverable therefrom. General Note: Above accounts consolidate Churchill River Power Co., Ltd. in all years total. $5455427. preciable assets within estimated productive other subsidiaries are considered Insignificant. H11962: Book values were: Mining claims Company's equity In net assets at Churchill and lands, $11,821,429 mine and metallurgical Depletion policy; Policy is to provide s River Power Co., wholly-owned substd;ary, SSntsuid equipment. $47446,715; power reserve equal to book value of mine at time as shown by books of that company at Dec. nlant transmission line and equipment, $13,- that ore estimated to be recoverable from 31. 1962 amounted to S3.718.599. which is S3,- g?AM; total. $72,725,790. gjBepresented by 2.757473 no par sbares. mine shell have been exhausted. Method of 218.099 in excess of company's investment in applying this policy Is to charge against such subsidiary; excess is included In consoli operation a depletion provision per ton of ore dated earned surplus. F1NANOIAL a operating data gnsed per share..__ r.i> flow per share--common . Dividends per ahaPrice range-N. T S. *. -Cuttdi. Net aeti pr tfem----Number of gugm_--_-s^: 1962 $4.10 $442 $3.00 56%--43*4 59`4-44 $27.04 2,757973 1961 $3.98 $4.73 $3.00 58-4-45 57+--15 $2a95 2,737,973 1960 $3.75 $4.46 $3.00 54U-43-4 52-43 $24.97 2,757,973 1959 $3.59 $447 $3.00 66-50'A 64-47 >,j $2441 2.757,973 1958 S2.C8 $348 $3.00 63-40U 62-39-4 S23.62 2.757.973 1957 $241 S3.45 $4.75 90-43 86&-42'i $23.94 2,757,973 1956 $7.62 Si .25 $6.00 99-64 97)5-64 S25.78 2.757,973 Current assets 4- current liabilities.. % and securities to curr. asset* % Inventory to current assets ----net current assets to net worth-- property depredated---------------- -- nn depr., depL St amt. to gr. prop. 13.99 60.73 10.08 63.64 7447 3.03 13.59 63.44 1146 60.16 72.03 247 10.48 55.88 12.24 56.11 69.60 3.10 9.09 55.73 1149 55.73 6842 2.71 13.67 58.90 14.35 5340 66.45 245 12.62 59.67 14.99 56.19 66.30 2.73 8.43 6232 11.10 61.63 66.23 3-14 dttliZltlOB! Common stock and surplus _ jlss -I- inventory-------- - n% sales to net property. g% sales to total 1 ! net Income to total assets. 1 Mt $0 net worth. -- 100.00 948 263.98 61.29 14.02 1545 100.00 9 08 23741 61.96 1448 1543 100.00 9.01 217.33 62.44 13.73 15.03 100.00 9.63 209.07 63.03 13.49 14.83 100.00 7.41 17945 54.89 10.49 1145 100.00 6.93 189.85 59.51 11.43 12.17 100.00 11.14 290.04 7S.77 26.92 29.55 SaAlensaloyfsims eetfslis__S_t__m__ls_c__ othsr lnc--. Freight, refining srpsnsss, etc -- Cost and evpenses Operating profit _ -- Income from Investments-------- -- Total Income___________________ _____ Provisions for Income taxes, etc. -- Net Income % 100.00 14.00 60.67 2543 2.11 27.44 446 2248 % 100.00 13.76 60.75 2549 1.89 27.38 4.49 2249 % 100.00 13.73 58.73 2744 2.01 2945 747 2148 % 100.00 13.63 57.49 2848 1.71 3049 9.18 2141 % 100.00 14.52 61.69 23.80 1.30 25.16 7.20 17.96 % 100.00 13.95 6247 23.78 141 25.99 5.78 1341 % 100.00 9.05 4539 45.06 0.93 45.99 11.81 34.18 fTlSales represented by sales of metals, revenue from treatment of custom ore and miscellaneous other income. CAPITAL S-T-O--C-K- 1955__ 5.00 1956__ 6.00 1957___4.75 'iervn_v- vTM-t 1958-62 3.00 11963___0.75 Stock Exchanges. intreal and Toronto L Hudsoe Bay Mining & Smelting Co. Ltd. ETo Mar. 15. TRANSFER AGENTS -- Morgan Guaranty cspltsl stock* no post Dividends payable In Canadian funds. Trust Co.. New York, and Royal Trust Co., AUTHORIZED--3,000,000 shares; Issued and PREEMPTIVE RIGHTS--Governing Instru Winnipeg. Toronto and Montreal. outstanding, 2,757973 shares; no par. Dividend Raeerd (In )__ ments contain no express provisions as to REGISTRARS--Chase Manhattan Bank, New SWe^EdL-^OM shares) Apr. 1, 1959, at York. Montreal Trust Co.. Montreal, and 1928-34 1939___ 1946__ 1949___ Nil 140 245 490 1935-36 1939___ 1947___ 1950-52 1.00 1.71 3.00 590 1987-- 1940-41 1948-- 1853-54 L75 2.00 $90 490 $60 per share by White, Weld & Co., New York and associates. Offering did not repre sent company financing. Crown Trust Co.. Winnipeg and Toronto. DIVIDEND DISBURSING AGENT -- Royal Trust Co.. Toronto. IMPERIAL CHEMICAL INDUSTRIES LTD. History: Registered under lows of Great Britain, Dee. 7.1926. Business: Principally engaged In the produc tion of adds, alkalies, drugs, dyestuffs, ex plosives, fertilizers, synthetic fibres, leathercloth, non-ferrous metals, paints, pesticides, petroleum chemicals and plastics. Property- Company operates over 100 fac tories In the United Kingdom, including Wilton development In North Yorkshire, covering 2.000 acres, and on which 23 plants were in operation In I960. Capital Expenditure during 1961 amounted to 73 million, compared with 40 million In 1960. Among the larger projects sanctioned were extensions of manufacturing capacity for dyestuffs, para-xylene, 'Terylene' filament yarn, polypropylene (including film), poly vinyl chloride, methyl methacrylate, dendritic "lta4D^ l"t}j*rrioth; the construction of a crude oil distillation plant on Tees-side which wui supply petroleum feedstock and fuel oil works of the company; lifc'!P'pent df Metals Division's strip new 5LSH35?Ii*"ni *?d construction of "**5? rsarch laboratories. ""uufacture of 'Terylene' iirtJdSrSdu.Su^wi?-0T.^V111 sNaonrctthioenrendIrdeularinnfg. Subsidiaries and Affiliate*: Company has a controlling Interest In the following com panies: Principal U. K. Subsidiaries: Almin Ltd. British Visqueen, Ltd. Cooke's Explosives Ltd. I.CX (Hyde) Ltd. Imperial Aluminium Co. Ltd. (51%) Imperial Chemical Industries (Export) Ltd. Imperial Metal Industries (Kynoch) Ltd. Imperial Metal Industries Ltd. Irvine Harbour Co. Lightning Fasteners Ltd. Marston Excelsior Ltd. Plant Protection. Ltd. Richardson's Fertilizers Ltd. Scottish Agricultural Industries Ltd. Settle Limes Ltd. ______ Steatite St Porcelain Products Ltd. Ulster Fertilizers Ltd. Weardale Lead Co. Ltd. Within's Paper Staining Co. Ltd. The following subsidiary companies (Inter alia) operate outside the United Kingdom: S. A. Azamon, Madrid; "Duperial" Argen tina; "Duperial" Uruguay: "Imperial Chem ical Industries" companies In Australia and New Zealand, Belgium. Brazil, Chile. France, Jointly with De Beers Industrial Corp Ltd., owns controlling Interest in Alrican Explo sives and Chemical Industries Ltd.; together with Courtaulda Ltd. all capital of British Nshy.i_l_ro__e__na,CJ>oSl.IpUppilnCenIrOemWrsol^VrLVk% Atsd.. ./(;WHwt-omo1ld-gw< iIent--wtgh--i)e1 rLtwd.i*t.1ah1ll Yorkstock of Yorkshire Imperial Metals. Ltd.; together with Celanese Corp. of America (sec general index) all the stock of Fiber Industries Inc. (formed In 1958 to make polyester 6Der m U. S. A.); jointly with Atul Products Ltdentire stock of Atic Industries Ltd (Ir.cia); jointly with Aluminum Co. of America (see general Index) 50% in Almin Ltd., an English holding company for International Alloys Ltd., a secondary aluminum smelter and several fabricating concerns. . Also owns over 38% of voting stock of Courtsulds Ltd. (see general index). In Oct., 1962 jointly with Empressa Nacional Calvo Sotelo, and Sociedad Anorun? Cros of Barcelona-, Spain formed Aloudia Empressa Para La Industria Quimica, S.A.. for manufac ture and sale of petro-chemicals and plastics In Spain. _ _ _, Officers: F. S. Chambers, Chmn.: F.. Hol- royd, E. A. Bingen. L. 11- Williams. Dcp. Chmn.; A. G. Woods. Sec.; A. E. Frost. Treas. Directors: S. P. Chambers. Viscount Slim, facial of 1962 A new Holland, Hong Kong India. Israel, Japan, P C. Allen. R. A. Banks. A. Caress M J S. Malsy*. New York, Pakistan. Peru, So. Africa. Clapham, E. A. Bingen. S. F. Burmar 5 is- Kwhantooo. rjrtuta UUL^IS, !5Sh2d^ Sudan. Turkey, Magadi Soda Co. Ltd.; com- count Chandos. Lord Glcnconner. R H- rojd. U- and of pany owns 93% Interest In Arnold Hoffman St P T Monzies. C. Paine. H. Smith D J. PtoM at win rats# TnAuSS--*^?*5pp?nded statement); Canadian Robarts, W. D Scott. J. S. Tavlor R. C. Todhunter. L GourUr..James H. Rill-ams, C. M.'Wright, G. K. Hampshire. SffiSf&pSRS'Ese Auditors: Price Waterhouse & Co., and Thomson McLlntock & Co. MOODY'S INDUSTRIAL MANUAL 1849 Annual Meeting: In May. No. of Stockholders: Dec. 31. 1961: Pre ferred. 63.655; common. 391.530. No. of Employees: (U. K.): Dec. 31.1961.114.- Head Office: Imperial Chemical House. lrnWMmk- London, 8. W. 1. England. Consolidated Sales, years ended Dec. 31 (): MSS_____ 411.000.000 1959_____ 508.508.900 1956____ 435.300,000 1960_____ 558.428.000 Distribution of Sale*, years ended Dec. 31 (1.000,000): 1961 1960 U. K......... 1________ 298.1 303.1 Abroad___________ 252.3 255.3 Total 550.4 558.4 `"Transfer Offices: Dean Bradley House, Horselerry. London. S. W. 1. England, 1957_____ 1958____ 462.887,826 462.677.074 1961_____ 1962_____ 550.402.000 579,000.000 INCOME ACCOUNTS Manufacturing 8t trading profit-- Auditors' and other fees-----------Employees' pension fund, etc---Obsolescence St depreciation -- CONSOLIDATED INCOME ACCOUNT. TEARS ENDED DEC. 31 1961 114,809.000 151.000 8.287.000 40.505.000 1960 139.490.000 140.000 8.463.000 37.258.000 1959 120,566.632 125.779 7.548.088 33.137,611 1958 88.539.237 116.883 7,342.262 29.579,894 1957 93.328.642 111.194 7.217.698 24.484.572 1956 84.119.202 108.847 7.106,298 23.459.049 1955 83.463,797 101.961 6.629.400 20,379.824 Net trading profit-------------- Revenue from associated cos.. etc.-- Revenue from securities----RMeisvceenlulaenferooums ipnrcoopmereti-e--s---------.. =1 65.866.000 6.152.000 2236.000 93.629.000 5255.000 1.841.000 79,755.154 4,638.471 ( 251.443 ( 296.363 51200,198 3,161.791 366.501 565290 61215.178 3,000294 376,455 607.686 53,445.008 2.621223 304.630 378251 56.352.612 2295.479 U9.073 133259 491229 Total Income------- provision for taxes, etc. -- Debenture 8c loan Interest -- Employees profit sharing------------------ 74.254.000 27.739.000 3.668.000 8.734.000 101.035.000 40,472.000 4.427.000 8264.000 84.941.431 31230.860 4.725.314 7,100.157 55293.780 20.658.837 5.673209 5.406.177 65.499213 26.328.078 5.406223 4258294 56.749.712 23.764234 3,481.630 3446.643 59.822252 23.900.433 3,409.700 2233.467 Consolidated net income--------------Minority dividends, etc. ...------- ----Undlstnb. subaid. prof, appllc. to LCJ, 34.113.000 1.738.000 3.574.000 47,572,000 2.378.000 5.494.000 41285.100 2270.121 5.459249 23254.957 2,150.160 4.070.356 28.807218 1272.870 4.692252 26256.605 2.184.868 4278298 29,678.652 1228291 3,872.898 Nat income (company only)--------- Revenue reserve------.....--------General reserve--------------------------- -- Capital reserve ...--------------------- -- Revenue reserve--Stock replace. 'Preference dividends -----------------------'Ordinary dividends......... .................... -- 28,801.000 784.000 4200.000 mi.064.000 022,453,000 39.700.000 12.447.000 i.ooo'.ooo 01,064,000 021.189,000 33.855.730 12,352.642 3.000.000 _mi.163.814 . 017,339274 17.634.U1 2,751.090 3.000.000 0983,502 0310.899,849 22.141.794 5220284 8200.000 cr 2200.000 0969.128 09,952,082 192*3.139 5,665.035 9200.000 cr 750.000 0969.128 08.225.113 23,977.163 2,000.000 10,000,000 3.000.000 0969.128 08.167,631 Balance for year--------------------- -- Nil Nil Nil Nil Nil d 4216437 <159296 ENet after deducting Income tax. BALANCE SHEET8 ASSETS Land, buildings, etc.------- .....---- Obsolescence & depreciation------------ Net property BTools, equipment, etc. ------ Patents, etc.-------------------------------------- TInvest, in assoc, companies-----------fnv. in subs, not consolidated-----------Tax reserve certificates--------------------Cash Short-term deposits-------------------------Government securities-------------------- -- XMarketable investments-----------------.^Inventories------- Sundry debtors -- CONSOLIDATED BALANCE SHEET, AS OF DEC 31 1961 I960 1959 1958 701 283 000 641.483.000 598.286272 562,808.005 159 770 000 124.026.000 101.197 289 70,428,086 541513 000 517.457.000 497,088.983 492279,919 2.573.000 56.748.000 1204.000 350.000 7.808.000 17.038.000 2.418.000 49.988.000 829.000 3250.000 9,078,0001 5,649.000f 915298 60,320.371 3,416.989 3.115250 15265235 561,450 34243.141 278250 5,602.473 7.960.000 237.520.000 108.413.000 6.153.000 137243.000 93297.000 5.903294 115221.947 86,771285 4.949.130 113,713.149 72.042.380 1957 527.807200 129.547272 398259228 16.878237 19.080227 4.400.000 122102U 7.671.024 122.469210 74235210 1956 467.419.761 108.633.988 358.785,773 16285.954 16.768266 3400.000 7.072226 4.799298 115230.073 68.744239 1955 409.645.631 88227,012 321.118.E19 3277.464 16.645.736 13285.536 4400.000 17.681259 1427295 5.542.170 105264.714 63.090292 Total _____ -- 881,117.000 825.562.000 768.719,455 724.069292 655.605247 5*1.086229 552213285 LIABILITIES Preference stock . Ordinary stock------------ ----------------- -- Minority interest--------------------------------Debentures St secured loans--------------Future U. K. Income tax mProvision for final dividends (net).. Sank overdrafts-------------------------------- Sundry creditors, etc.------------ ---------Contingency provision, taxes, etc. -- Capital account---------------------------------Revenue account------------ ------------------ Total 34.737.000 266.608.000 39.744.000 58.751.000 31283.000 10281,000 62232.000 70.006.000 203.797.000 103278.000 881.117.000 34.737.000 251.589.000 36.478.000 60.110.000 41247,000 9.328,000 53.676.000 67.579.000 169.583.000 100235.000 825.535.000 34,736.773 246209.422 25241.929 86.108267 37,063.028 7.081.615 49.032.471 52284217 146292,438 83.668.995 768,719.455 34.708,773 236.953260 25.043.085 93.416282 26218.746 8.9B2255 47,926.420 48.691283 134.854.731 67,174257 724.069292 33.708.773 1U233.090 23.196.189 117261.613 26270,002 10.058223 50.752.899 49275.072 128214.665 71.434221 655,605.147 33.708,773 143,045.436 21.199.962 70244.672 24,432,682 14250.135 46.716241 50.123.673 121.847,086 64.617,670 591.088iMff 33,708,773 142.045.750 19214269 68276.026 27234.713 5,385443 4,928.775 44,179,060 39278253 106273225 60.689.498 552213285 HJThese investments have been taken at or under cost or as revalued in 1928. less amounts ^Ehlark*' value: 1961, 8243.000;1960, 6,- than 20% of original issue is outstanding, com pany will have right on 60 days' notice during Jan. or Feb. in 1964 to 1966, to convert loan stock into ord. shares, with holders having 50% stock pa& before cash div. PriceRange 1962 1961 1960 1959 1958 62/0 82/9 76/ 6 62/7% 38/ 3 620.00: 1959. 6,639,747; 1958. 5,340,433: 1957, 7,857.472; 1956, 5.690,306; 1955. 7,450,997. SAt or under cost. . . ._____- T1956 to 1961. Not reported separately and Included under "Land, building, etc. 01956-61: Not reported separately and in cluded under "Contingency provision, taxes, etc." right to repayment at par. Callable at per, beginning June 30, 1972 on 3 months' notice. Interest JStD. Issued in Feb.-Mar, 1962 as an alternative offer for ord. shares of Courtsulds Ltd, on basis of 25 of loan stock for each 10 of Courtauld's ord. stock. Listed on London Stock Exchange. Price Range: 1962, 110%-99. Low!______ 47/0 54/4% 53/11 3SA% 23/11 Registrar: W. N. Lacon. Listed: All classes, listed on LondonStock Exchange and quoted to Birmingham, Bristol. DubUnTEdinburgh, Glasgow, Liverpool, Man chester Cardiff. Oldham. Newcastle and Shef field. Ordinary also quoted in Belfast, New port! Paris and Amsterdam. American Depositary, Receipts: There are LONG-TERM DEBT L 4Vii Unsecured Loan Stock, due 1972^74: Authorized and outstanding. Dec 31, 1961. 30.000,000: due Mar. 31.1974. Offered to stock holders Mar. 10. 1954. Callable as a whole or In any part at par on or at any time after MarTll. 1974. On liquidation of company en titled to 101. Listed on London Stock Exfhnnffff. Price Range: 1962. B8%-77; 1961. 83-75. 2. 5Vi% Unsecured Loan StorfL WT7-T8S Authorized. 40.000,000; outstanding, Dec. 31. 1961. 254.750; redeemable at par Jan. 1. 1979- registered and transferable in amounts Sand muitlplesof 50. Interest J*J} Callable as a whole or to part on 3 moths'notice at any time on or after Jaxx. 1.1977 at par. Offered at 96% to Dec., 1956, to preference and ordinary stockholders of record Nov. 23, 1956. Rights expired Jue 2,1957 T i.ted on London Stock Tixcha Price Range: 1961, 93Vi-M; 1961 CAPITAL L Imperial Chemical Industries, Ltd. S% cumulative preference: par 1: A__u__t_horized. ,-3--4--.-7--3-6- .^75; i`ssued and paid up, 34.736.773; par 1. Has preference as to assets end dividends. Dividend rata changed from 7% to 3% June 17, 1954. Issued in exchange for shares of acquired companies. The shares were converted into stock in 1935. Regular dividends paid TStA. L ___ Price Range: 1962 1961 I1996600 119935V*. 1958 High.______ 16A0 16A 18/0 19A14 17/3 Low_______ 13/ II!" 2. Imperial Chamleal "^iu'thOT'ized. 375,000,000; Issued Me*; 16, 1962, 266,607,900 ordinary stock to units of 1. Is entitled to surplus^ametiefbwrepayment of all capital. Is entitled to profit* distrib outstanding American depositary receipts for ordinary registered shares issued by Morgan Guaranty Trust Co, New York, on a share for ahuM kBffil, Outstanding. Jan. 17. 1963. 1233.791 shares. Dividends (payments since 1928 follow): 1130-- 3023 1831-- 30.128 1*82-- *0224 1(M-- 027* 1934____ 0279 1935___ 0292 1938--- 1939-- 02* 0234 1*37____ 0202 1938____ 0287 1*40-- 02* 1941____ 0.149 1943-- 0233 1*43-44 0254 1*43___ 0.153 1946-- 1*47-48 0205 1*49-- 0288 1950-- 0239 1*51____ 0261 1*52-- 0209 1953---- 02*7 1954- 0290 1955-- 0240 1956__ 57__ 024 01*58__ 0.158 1959__ 0.136 I960-- 0216 $1961-62 0216 0__1_*_6_3_- 0.119 JSAIso 100% to stock; cash Includes 90229 prior to stock dividend. u 0Alao 50% in stock; 9022 paid prior to stock div. ^^CBIncludes'30.095 proceeds sale of rights in 3. 4%% Swiss Franc Bends, due 1177: Dated June. 1962; outstanding, Dec. 31. 1962. Sw Fes utable by way S dividend, after payment of 5% plus aSSr? (5 any) on the Preference ETo June 10. Unlisted Trading on American Stock Ex 60 000 000: due June 30. 1977 at par. Non-callable during first 4 years. Interest June * t*oev p* on* yot* P*r wott. Is* sued in exchan** for shares of acquired com- change. 0Price Range: 1962 1961 1960 195901958 Listed in Zurich Bourse.___ paniesT The shares were converted into stock High______ 8A 11% 10% 8%5% Price Range: 1962, 104%-103%. m 1935. Low______ 6% 7H , V. 4%3% 4. convertible unsecured loan stock due 1972-77: Dated Feb, 1962; outstanding. Dec. 31. 1962. 75.951.805. Convertible into 32 ordinary shares per 100 loan stock in Dec, 1963. toto 31 ord. sharaito D#c 1964. and Into 30 ord. snares in Dec., 1965,' U oa or before Feb. 28. 1966 not more Dividends paid: 1927 to 1929, 8%: 1930. 8%: 1*L4%%: 1932. 8%; 1933. 714%: 1934, 1935 and 1938 8%; 1937. 8VT%'. 1938 to 19& incL. 8%: 1946 to 194". 10%; 1950, 12%; 1951 end 1952, 15%; 1953, 15%; 01954 to 1956, 10%! 1957. 12%; 01958, 8& 1959, U`,4%1 1960 to 1962, 13%%. tllAlao paid 100% in stock in June, 1954; cash 0Amerieen depositary receipt*. 0After stk. div.: before. 6%-5. Subscription Rights: Ordinary stockholders of record Jan. 20, 1961. had right to subscribe to a maximum of 12,910,000 shares of 1 each at 55*. per share, on basis of one new share for --off 20 share* held. JS ew. iDf loaa on .umber nd for it com-, tgatlon split r *750.lent of licable if 122,50 pr lit and loldars gether t caab al tax 52. but umber aiding began ficatee ibarea t dlssertlfl102 for ing an would are of Long, enting 'ed. a cartrlbuUt. -Kona. a. at to T.ong. rontot W-, _Tkustt_ 51.000;', it any 1. 195* ib un-., r fund lum, apt. L umiiU fter. J morL- 1977. us .to. Prod-* irrfar-J ra . pre?-^ ayabtajj if .7<^1 quar-l j : turned MOODY'S INDUSTRIAL MANUAL 3047 TRANSFER AGENT AMS REGISTRAR: -- Guaranty Trust Co. of Canada. Tomato, . LISTED--On Toronto Stock Exchange. Au iROBTTTTV. 140.000 shares; Issued and outstanding. 15C.075 shares; no par (no par shares split 4-for-l In June, 195C). - VOTING BIGHTS ---- Haa exclusive Toting power, on TOta par share, with restriction* OTTERED--(4300 shams) tn f"----taa Aug. (see preference. No. 1). ' 1950 by Masters Smith & Co. Ltd. aad Han Canadian HitirmHami Paper Co. owns son It Co. Ltd, Toronto, at tUO peg aham over 90% of stock. . isANsrnr agent and registrar__ (proceeds to company. <90 par dan) with DIVIDEND RECORD-- Guaranty Trust Co. of Canada.' Toronto. warrants (since-cpixed). ... -m .. / PRICE RANGE-- .IMS 1M4 190 090 '19*1 High------- ...j.iu -.'iog .'.'logimos ioa Low _--------- Ld`-.10a - log TOStbloi V'M L Maadarshat I 19CT___' *039 , -lMC-a L99 190-5* Uf )*-.A73. . .v rud-O . i-No par- shares (after 4-for-l split) I960___30-1244.- 1967___ " * ' -- " 90jib ISSUED--In connection with purchase of as. seta of G. W. Handerehot Corrugated Paper OX. Ltd. CJ.'.'.Ji-~1 arc: T7Mo.HfSQbV 4'ujgb-L; z.'2 S l jEdhc: OITEKED--Sea preference. No.'i?~ ---- . ---- .. - .-/-* USO-CiT--.- r - r-rc^. CELANESE., CORPORATIONI i-'..-. e.'c3.o*jcc. -i-' .. ' -- 'x - i.'- CAPITAL tTRUCTURE ' - '*' ttaalt-m a vvl _a ..t , -i fits i'f. .ry.., --''iboy' LONG TERM DEBT * ,P" Issue ... "j 19. t debenture 344a. 1979 ' ' ' 2. Conv. subord. dab. 4a. 1990 -- A 644% note, due 1900 A 444% note, due 1990 '" 5. Other notea A Subsidiaries' debt____________ ______ i:---jr~.-.sVAmoimt'-' . Outstanding' .'V 39339,0001 7T3S9300 ' *' SD.000,0001 73,000,000' : - 150.000 977.e0.029 1965 AM ;'S5'-CaII - 19M ' Dates - ' ' * fAScO 1 AlcO I 737 AlcO 1 ____; '..-.p. PriceRange ' 1965 ~ 1964 91V*- 97)1 , 9144- 90 11544-10444 _______ CAPITAL STOCK Issue L 4(4% cum, preferred. A .2. S3 Cum. cony, preference . A 7% cum. second preferred A Cnmwum ___________________ Par . Value Outatand ___ 9100 - 908,602 afas.T ____ No par 100.000 aha.; ____ 100 32399 aha. ___ No par UJ133073941 Earned per Sh. 1965 1964 964.40 9SA45 136939 135A70 500 425 Diva. perSh. , 1965 1904 .19450 9450 l 3.00 ____ 7.00 7.00 L95 L70 Price Range 1965 1964 99 - 9044 9744- 9344 73 - 67 6744- 65 156 -150 15144-140 92 - 72% 7544- 5744 Q)Outstanding Apr. 6, 7B0A (ESub>scrt to change; callable far stoking fund, eee text B]Privately pieced. HISTORY Pan Amcel Co, Inc., Del.--Export Incorporated In Delaware, Ian. A 191A as The American Cellulose It Chemical Mfg. Co.. Ltd.; name- changed to i~-i.ii-- Corporation of America Apr. 29, 1927; present title edopt- ed Apr. 13. 1966. In 1927 acquired control of ^711rll>'<'^ ------ > to the Utter a t. earned_____ Safety Celluloid Co. _ htloid Carp. merged with comperry i-k--n Ltd. (fonaarly Chemcell (1963) Ltd.) (Canada--57%)--(see appended statement) Petrochemicals, cellulose acetate and cham--teal fiber*. Western Chemloads Ltd. of Caiada. OolumhU CeUuloee Co. (B. C.) (97.6%) (see appended statement)--holding co. Cellar Ltd. (B. C.)--Kraft pulp for quality pSaSpeRrsSpaunaip-paanpderboPardr, high alpha dia- paints: operates some 100 company-owned consumer branches. PaoduosB oil and gas from wells throughout the Mld-oooUnent region; refines and prooemas as materials and.operates some 1300 service stations In the Mid-west. In fonst products. Columbia CeUuloee Co. Ltd., an 97% subsidiary; farma forests and produces sod sells high alpha dissolving pulps and paper pulps, and Kreft pulp tor papers and paper board. On April 9, 194L stockholders of Ostsness Corp. approved plan dated Kerch 7,1941 pro viding tor merger with Celluloid Carp. Merger eras consummated Deo. A 194L Par complete details of merger plan, see Hoodr4! 1M1 Z&doitrlsl 1" On Feb. T. 1940. stockholders approved plan for sasner of Tuhlxa Bana Carp. Stockhold ers af Utter company approved plan on Ikb. A 194A Under terms of nsrf holders of Tuhlxa Rayon 444% preferred stock received In exchange 9A7S prafaiied stock of Celansee Chip, on a sham for share baaU In sxr* for 'each 5 common shares of TuMae Rayon holder* received 9 common shares of Cslansea Corp. On Dec.' L1947. company took over sR activi ties formerly conducted by Cclaneee Co.. IncCslaneee Plastic* Corp^ Cslan-- Chemical Corp_ TuUze, Inc.. Saantaa Textile SkeemnsaK__r_a__f_t_L__td_.__ G) (*0%), Qulmtca General S. A. Mexico--(40%)-- _________Is. Venexolsaa S. A, Venexuela (55%) --acetate yarn and polyester restna. Cal Euro N. V. (The Netherlands) Ameel (United Kingdom) Ltd. Champlln Petroleum Co. (DaL) Produces, refines and market oil and gas. FSSCO Inc. (DaL)--Manufactures and mar kets plastic housewares. rslawsss Costings Co. (formerly Devoe It Reynolds Co, Inc.) (DeL)--Palnto and re]f*p^ products. rtline. Colombians S. A, Colombia--(513%) acetate yarn- and polyester resins. Sayles-BOtmore Bleacheries. Inc. (POL) dye Ing and finishing. Tiber Industries. Inc. (DeL) (6244%)--Pro duces Tortrel oiemeet yam and Major operating divisions and subsidiaries axe Celancse fibers Co, Celanese Fibers Marketing Oo, CUlan on Chemical Co, Celanase Plaaics Co., Celanese Coatings, Co, Champlln Petroleum Co. PRINCIPAL PLANTS * PROPERTIES Company and Its domestic and foreign subsidiarlaa own 59 plants throughout the world. AmceUe plant near Cumberland, Md. (2.- 800,000 sq. ft.). Produces acetate and Arsel triacetate filament yam, Celaperm acetate yam and Fortlaan rayon yam. Calco plant near Narrows, Va. (1,400.000 sq. ft.). Produces eeUulose acetate compounds acetate filament yam and staple fiber, acetate tow for cigarette filters. -- Celriver plant at Rock Hill, S. C. (1.300.000 aq. ft.) Produces ceUuloae acetate and triace and Bridgawatv'ToctlU Corp. AU seven ridlariea were dissolved Nov. 39.1947. - Amoal Xnrope. Belglnm---Triacetats yam. tate compounds; acetate and AmaL triacetate filament yams and. staple fibem. t :c In May. 1953 -acquired -Marco .Chemicals. Chemcei plant at Bishop, -Tex. produces Int, TJnden. N. a producer of polyester ` Substantial stock Interests woe held direct ly or Indirectly In the following: - from butane-and-propane-a-wide-range of petxocbemlealaxand Celoon acetal co-polymer In 1959 acquired stock of Ameal Propulsion. Inc. (dissolved Mar., 1962). In Aug, 1959 formed Chcmcelirxtd. to ooordlnate all foreign activities (dissolved in Jan., 1963).-Also, acquired Royal Mfg. Co, ~PtesoottrArirr-(Royal- dlaaolvBd-JiQH7lM9)r-- Cslansea Mexteona.. 8. A,'Mexloo (492%)-- --Acetata, triacetate rand nylon yams and va><aoetate tow nfor* dgaratia altars. ceQoDTPbana aad purified cotton Untexs. Affiliate- %---------- de Mexico,3.A.--Plastics. rerin------jeh-ui,i; s J---,uiii-i; jr - --y Pampa. Tex. plant produces from-butane and propane a wide range of petrochemicals. Newark. N. J. (900,000 .sq. fL)^ Produces acetate film and meeting. '- Houston. Tex, plant produces Tortlflex hlgh- riMdigw Chemical & Piillnlfm Co." a holdln^jjoinpany suhridlsry. waa_dlasalved ta In 'May, I960, acquired net act* of Plaietlo Horizons, Inc, manufacturers of film with planU tn Pataraon, N. vU. UL --i--j In Aug. 1963, acquired and In Bter. lSSA dis solved, Yardley Plastic Co, Columbus.' 0~ m Dee. 1963 acquired control of Tiber Industries, Inc. .(formerly 90% owned). In 1969 also acquired majority Interest tax Ctxsn- caU (1998) Ltd. -x ... , --------y Ih Aug. 1964 acquired nM aaeets of Devos * Reynolds Co, lac. for 960394344 i. In Oct 2964 merged Champlln OH It, Re Indirectly - tan da Petroqulmlca Brealleira Copebna' Brazil- (carbon -black). - Mitsubishi Acetate Co, Ltd, Japan (acetate filament yam and fibers). Tlcone Polymerwerke SjB.bR., Germany (acetal copolymer ptaatle). C A. Fibres Qulmlcas Coperbraa Polynlaatlca Ltd. . Joint venture of subsidiary, Columbia Cell ulose On. Ltd. and Svenaka ColinInto Aktlo- botoge4 Sweeden. .wfll bufld a *80.000,000 rrfii at Prince Rupert. B, C3 Canada. Joint venturo of "T"T and Kmdnkltjxa Zorrt- Eet2en.^N. -V. - wUl-j oooetruct. n..dchamtool plant in the Me+hartanda. - - ..cut & BUSINESS PRODUOT7r!5<r.i\ ;HK^ --- major dlveretfted^lntgmatlonel denaity polyethylene molding comfioudaiC Roma, Ga. (1300,000 sq. ft) producing-black acetatfeiWfy^am- and rayon fHil,a'um.se..nt yank-sta ple Bridgewater, Vh;'(97,000 sq; ft)--warp knit fabrics , from acetate and . Ahitl triacetate yam. - 4i-T~sd mao Jx. Mrf-as - Belvldere. N. -J"(147,000 sq. ft.)?'Acetate film, sheet triacetate photo-base fum. i ;.' Bay - City; Tex.--Acetyl : chemlcilB ` from and " a. nAdltca ~-otemne -tfraiiiwlnsporlyaeth.yl(e'n<eV;Lblo w molded bottles ^end^containers, and. film for fining Oo. by lasiiaivs ext 234A9S7. comt gpedakring tat pro-seemg _____ ____ . __ _ DeveiopmeSt'.and* xnanu- and 100,000 new convertlbU pref< of 234l9g7 oommon aad vertlbla preference sharaa. MBIjAO9O?ORs1 >tVTCS__._v_<- -In Nov,:1964.900,479 oommon' Issued-! for ownership rellnloee ana _ i. forest prod- acta.petnyfiomloala. A iPlaaUca^j.an^ ftoi --r> f-t rvVt- .^-wnfwi Onmpniwr ] lending ^oduoer of .oeUnloea fietm of Bin tturtr fuels icxlrpropulsion whose, principal; _ - _3etstte-fuamssrt knd stanle'-yama and .la ------- BoekBfPa>--PleeticHousewares.----- stock of Tederal .aoie.jjfudiaoer .of AxaaL^^tcatutej'appnral .Inc.; Asheville, now oarrled on as TX3CO.____ flberiAlso mekenrayua.&j**v*: Incest. Johns- In June 1964.ChenacaU (1961) LfaL acqulred stock of Westaz^SSmU L*d.6a^4P'^ t"Jfazketa pqiye*tra and- nyton tg fdftnaite; ung.textiles. yVN?t-^-Fortrel -tln.May 1963^acq......................... * Ury,.,`7n__%___.-_In__te_r_e_s_t'ha SJJLC peper ubosrdJ mll> atr-Ku ^m^oevuaf^n Brlhshra foe-about"--**"---------* jstafidug^ r 'Xb " 15. 19 pny'I r Mm MOODY'S INDUSTRIAL MANUAL 2645 IMPERIAL CHEMICAL INDUSTRIES LTD. Registered under laws of Great ICI (Organics) Inc., II. S, A. (see appended Officers: S. P. Chambers, Omm.: R. Eol- Dec 7. me statement). royd, P. C. Allen. L. H. Williams, Lord Fb.imu: Principally encased in the produc- ICI America Inc. Beeching, Dep. Chmn.; A. G. Woods, Sec.; of aclda, alkalies, coated fabrics, drugs, rhTniri Manufacturing Co. of Delaware A. E. Frost. Treas. iffs, explosives, fertilizers, synthetic _, paints, pesticides, petroleum chemicals >plastics. ...... . , _ Principal Affiliates: United Kingdom: Sewing Cotton Co. Ltd- Imperial Aluminium - Oo. Ltd., Dlrectees: S. P. Chambers. P. C. Allen, M. J. S. Clapham, Viscount Amory. S. F. Burman, Viscount Chandot, Lord GlenCon : Company operates over 100 tec British Titan Products Oo. Ltd., Klinger ner, G. r. Whiteby, P. T. Menzies, E. Smith, ta the United Kingdom, Including Manufacturing 'Co. Ltd.. Lister ACo D. J. Roberts, F. C. Begnall. E. I. Callard on development In North Yorkshire, Ltd.. Phllllps-Imperlal Petroleum Ltd., Car J. D. Rose. J. E. Simon, R. S. Wright. Lord ring 2.000 acres, and on which 23 plants rington A Dewhurst Group Ltd., Vlyella Bnciting. Sir Ronald Holroyd. L. H. i In operation In 1960. . , . _ International Ltd., Yorkshire Imperial ***> Wilhams. Viscount Boyd of Merton, H. G. vital Expenditures In IMS amounted to Ltd. Boeder Chendcate Ltd. Tiffilir lag-ell, J..H. Townsend. - - million (inch 32 million overseas) t 100 million in 1965. Major projects South Africa: African Explosives & Chem ical Industries Ltd.. South African Nylon Auditors: Price Waterhouse Thomson McLtatock & Co. & Co., and expansion of ethylene end plastic tiro- Spinners (Pty.) Ltd. don. U. S. A.: Fiber Industries, Inc-, Rubicon Annual Meeting: March 30th. jpal Subsidiaries: ritish Visqueen Ltd. (U. K.) ; Fibres Ltd. (U. K.i 1 Metal Industries Ltd. (U. K.) 177ns group comprises 47 companies, ta:eluding imperial Metal Industries (Kynoch) Ltd.. Lightning Fasteners, LtdRange Boilers, Ltd., Marston Excelsior, -Ltd. _jotnsh Agricultural Industries Ltd. Chemicals. Inc. In Oct.. 1962 jointly with Empressa Nacional Calvo Sotelo, and Sociedad Anoning Cros of Barcelona. Spain formed Alcudia Empressa Para La Industrie Quimica. S.A.. for manufac ture and sale of petrochemicals and plastics in Spain. In 1963 jointly with Celanese Core, of Amer ica formed Icatai Plastics Ltd. owning 59% in the new company. . No. ef Stockholders: Dec. 31, 1966: Prefared, 53,701; common. S62.115. No. of Employees: (group in U. K.) Dec. 31. 1966.124.900. Overseas. 47,100. Tronsfer Offices: Dean Bradley House, Horseferry, London. S. W. 1, England. Head Office: Imperial Chemical House, Millhank, London. S. W. 1. r-gi-nw ^lustrias Quimicas Argentmas S. A. In July 1964 British Nylon Spinners Ltd. Imperial Chemical Industries of Australia A l-VJiew Zealand Ltd. (formerly owned jointly with Courtaulds. Ltd.) became a fully owned subsidary. In Consolidated Sales, yean ended Dec. 31 (): 1959------- 508.508.900 1963......... 624.000.000 , .Miperial Chemical Industries of Canada Ltd. -Canadian Industries Ltd. (see appended state- nent). - consideration thereof holdings of Cortaulds ordinary stock (37Va%) were conceited and company agreed to pay 2,000,000 a year for 1960_____ 556.428.000 1961_____ 550.402,000 1962_____- 78.928,000 1964_____ 72C.200.000 1965......... 815.900.000 (1966--.. 885.900.000 -JD (Europa) Ltd. 5 yrs. Distributicn cf Sales, yean ended Dec. 31 Alkali A Chemical Corp. of India Ltd. f Chemicals A Fibres of India Ltd. -Ragadi Soda Co. Ltd. (Kenya) (South Africa) Ltd. In 1964 jointly with Phillips Petroleum Co. (1.000,000): formed Phillips Imperial Chemicals Ltd. Syd U. K. ________ ney, Australia to manufacture synthetic rub Abroad _____ ber and carbon black. Total _______ 0966 442.8 442.4 865.2 1965 422.9 393.0 815.9 1964 373.8 346.4 720.2 INCOME ACCOUNTS ..r Ksaufacturtag A trading profit____ Auditors' fees___________________ _ fenployees' pension fund, etc_____ ^Obsolescence A depreciation_____ CONSOLIDATED INCOME ACCOUNT. YEARS ENDED DEC 31 1965 1965 IB1964 1963 1962 189,968.000 194.120.000 185,400.000 149,610,000 126,136.000 268.000 220.000 200.000 168.000 157.000 14.000.000 12.200.000 10.800.000 10.596.000 8.813.000 76.800.000 68,800.000 61400.000 54.145.000 44.489.000 :Xit trading profit Icrinue from associated cos., etc___ .Eevenue from securities : leveaue from properties ' Bscellaneouj Income________________ 1^5Total Income___________________ ____ 98.SOO.OOO 7.500.000 900.000 1,500.000 108,700,000 112.900,000 7.400.000 800,000 230.000 123400.000 113.100.000 0)10.800.000 1400.0 00 2400.000 127400.000 84.701.00fi 0)13493.000 780,000 1.B95.000 100269.000 72.677.000 3)9.706.000 969.000] L223.000J 84475.000 1961 114.809.000 151.000 837.000 40.505.000 65.866.000 6.152.000 236.000 74254.000 139,490.000 140 000 t 46: 000 37 25 000 93.629.000 5.563.000 1.841.000 101.035.000 don for taxes, etc. nture A loan Interact ployees profit sharing _ 3)28,600.000 17.000.000 6.000.000 22.500.000 11.600.000 10,600,000 47200.000 8.800.000 10200.000 41.575.055 9.180.000 6.580.000 31.975.000 7.487.000 6.719.000 27,739.000 3.668.000 8.734.000 40.472.000 4.427.000 8.564.000 tGroup net income ______ __________ " ority interest, etc.________________ ' -lb. aubsld. prof, appllc. to LC-L 57400.000 4.900.000 1.600.000 78,600.000 7 - 4.400.000 5.600.000 "Net inceme (company only)______ venue reserve_-____ __I__________ _ apital reserve defence dividendsdividends tax on dividends ...__ 50.600.000 68,600,000 , 600,000 " ' 22.900,000 ' ? 13,000.000 - - ?6oo.ooo >- 1.000.000 62.400.000 - 81,700.000 16.600.000 ________ ; Bslance for year________________ Nil (DNa after deducting Income 1 TRicIuding'X200.000 dividend zrom touruiuo*; u EIncludes British Nylon Spinners Ltd. from Aug. L EAfter deducting proportion of income tax. NU 61200.000 3.600.000 7.400.000 43.334.000 2.838.000 5.414.000 38494.000 22*1.000 3473.000 34.113.000 1.738.000 3.574.000 5030.000 35.082.000 32.840.000 28,801.000 ' 4.100.000 2.795.000 3.604.000 784.000 13.000.000 v `- 6.000.000 5400.000 4.500.000 ' * 1.100.000 ~ 1.064,000 --;--1,064.000 -----0)1.064.000 ' - 32.000.000 j -2533,000 ' 22,672,000 - Q]22.453,000 ________ . _r ________ *r. ___ ____ . . ------- ---- NU - - - . NU *r* . KIT _ s. - A : 47.572.000 2.378.000 5.494.000 39,700,000 12.447 000 4.00C.000 031,064,000 ffi21.18S.000 -- Nil -an966ftLANCC SHEETS CONSOLIDATED BALANCE SHEET, AS Or DEC SI " ASSETS tad, buildings, etc.----------------------- .. .olescence A depreciation i*t Property_____ ^ntenta. etc.__________________ ________ nvti; (n assoc, companies -- 1,307200,000 428.800.000 ' *78.700,000 1,500,000 128.900.000 3)1966 1.121.100.000 382.800.000 - 758400.000 . - 1,700,000 - -108200.000 1964 . 1963 948800200 8072*1.000 304.800.000 :. 230287,000 644200.000 567.944.000 1.700.000 1,774.000 i: 90800.000.. .. 147240.000 r-.m subs, not consolidated 1962 755486.000 197406800 557800.000 1464.000 129204.000 , 183.000 1961 .700,743, 000 .. 109.230.,000 ..541413 .000 2.573 ,000 " 56,748 .000 1 1204 000 1 i960 641.483.000 - 124.026.000 517.457.000 . 2.418.000 49,988.000 829.000 _ * reserve certificates____________ __ {Goodwill____________________________ 38.700.000 - 38.700,000 38.700.000 '".."'219.000 . .',350,,000 . - " 3450.000 6,700800 * ' 7,000,000 8.800,000 7 7863.000 c - 7,062.000 '7808.000 `-('9.078.000 (-term deposits_________________ . 19.200800 - ^ 12,900,000 . 28,700.000 7 -35,019.000 rketable Investments____________ -24.100.000-1/- 26,900,000 34.100.0X ' 23.995.000 ventorles______________ ________ ___ debtors_________ _____________ 195800.000'. --- 197.700.000 - 186,600,000 r. >156.000.000 0.129802.000 180.000.000 ... 162800.000: ul 13L098.000-- 11.493.000 .17,038.000 -.5,649.000 11.188.000 - 7.960.000 -- 6.153.000 128.672.000 137.510,000 '137.243,000 117.440.000 rarrl08.413.000 -4 ;> 93497.000 JTotal -LIABILITIES Terence stock 1. : 1,481400800 1420400.000 1465,600.000 1.046835800 971.645.000 - -.1--- - .. --. rI*881417.000 - -'825482,000 34.700800 '4^s*'M.7OT,000 f^34,700,000 34,737,000. _34,737,00034.737, 000 - BL 34.737.000 stock -.441400.000 07,900,000 tj . 418,700,000 . * 415,749.000,V-- 289202,000 ^,266.608, 000-co. (251-589,000 otal account 21__________ - 1 V-T-a-:-7v3j.eBoUou.ououou-i-*t?-*"- 00,800,000 000 u:36.476.000 venue account __1______ __ "ority interest___1________ 1953400.000-5^ 157800,000 ,800,000 49,600,000 151400,000 rr 432,734.000 .*~1402S1/K)0 58.751, 000 Id -80410.000 -56.400.000 ^^i40.781,00O2_^l,3341L000rSLr 31,583, 000 Vhe)41.947.000 eaturas A secured loans 5. ghtre U. K. Income tax___L-. overdrafta 1... credltors. etc.-c___- 54200.000-21-- 32.600,000 ,000 ; >_t9.328800 , _I3>;5?^125,000800:tT-il23.9(K),000 82432 ,000 ^5,^53,676.000 t-.'94,400J$00-a4r^l97,100*,000 " 85,SOOiOOO,1^'.84923800 zvfi* S8.097800- ~>-r' 70806; ,000 '-f -*167,579,000 1842008003^176.700800 *rvl57800.000 !^ln204800r&4 215.893800 **''`203,797 000 kpffil89.963.000 dona f-or div*.. taxes, etc-."TL.VjJiaS Tee TOD ftnnfflwfcveo son nar-ev. -- " 0OOGC4T0043S80O 1 ot1 Dfuur*>-`v;'?"C - w.<)v`a *I b-'. das 9% -urior*9o ntock divided? 09009001 Offanadint 90%`wHh i stock paid -before oash dlv. -juw. _________ j utockboldare and hnorthnlrtan "I Jtoagane-19669 1966x 1964 Ufileimi > IS72.74: i TJJL Sept 21, 1966. <uH> ,j.to 'Z--rir 46/95"46/3*' 49A- '60/ltfLmSI --------------------------., ------- Listed on London Stock TTrhnga.Kgt-**v> 30,000,000-, due Mar.31, 1374. Offered to stock- Price Benge 1966. VXT%-Wg%. iwsttnrrraT':. anW.N.xicSn.^: holdara Mar. 19. UH. Callahla as a whole or a gLoeo geade due i9t2r'`r-a-> tsesaO; JSft. --_ AH riemm-listed on London^ port at par -an or at 187 ttea a" Mar. 3L 1374. On liquidation at company titled to tlOL Listed go London .Stock b- pKstif .* . . ...V-mt -i' **'*( Prion Range: 1*06, *4-76%; MS, tS-THi- Xu Outstmxkng t. & *09009017. Offered "at 9914 in Europe by J. A. Schroder Wagg A Co^ Ltd- landnn and group of banka, March , 16. SubeMary And Otker l.asnat v' ' Exchange and quoted In Birmingham. Bi Dublin, Edinburgh. Glasgow. Liverpool. Chester. Cardiff, Oldham. Newcastle and fik field. Ordinary also quoted la uu-- port, Paris and Amsterdam.- - --yfPA T'X SMk Unsernrad Lean stack,. lSTT-TK-^ Authorised, 410,000,000; outstanding. Sac. tl, 1966. 264.750; redeemable at - pm Jan. L 197S; registered and transferable in amounts CotsaaaBW ha hink ouMudhtf At 6ft% (fue 1973-74 for 8,000900 and 2900900 additional *--" Iioasw of subridiarieo are imtsiaisllig in American toguHey Reeetptoi 7hsn*Mi outstanding American depositary rsetobSl ordinary registered shares Issued by MornsI Guaranty Trust Co- New York, on a shanVSI and multiples of 50. Interest JAJ 1. Callable as a whole or in part on 9 months' notice at U.K. sod abroad In currenctee of respective countries for a tot*) equivitsd of 77900900 share bests. - . . -r. . any time on or after Jan. 1. 1677 at par. at 4 to 9% peyebie nimaly to 1910. Olihdmsllng. Jan. 1.1967, 97999. Offered at 66% In Dec., 1656. to preference i ordinary stockholders of record Mot. 21, 1656. Bights expiredJune 2, 1157. - Listed on London Stock Inbania i- < ' .Price Bunge: 1966, 96ft-00; 1965, 91-64. 3- Vi% Sariss Prone Sends, dee 1977: Dated June. 2902; outstanding, Dec. 31, 1966, Sw Toe 60900900; due June 90, 1977 at par. Non-callable during Ant 4. years. Interest Juns 90. - Listed In Zurich Bourse. ".Price Banee: 1966, 95ft-9gft: 1966. 10gft-90. July lS. 1964: Outstanding Sw Tcs 60.000,000 due 1662. Callable beginning July SI, 1168 at 103 and declining prices thereafter.. CAPITAL L Imperial Ckendcal Industries, Ltd. 3% cumulative prefersace; par 1: Authorized. 94.796.773; Issued and paid up, 34.736,773; par L Baa prefemsee as 9o aaaals and dividends. Dividend rate rhingad fan 7% to 3% Juns 17. 1954. . . .. ... Issued la exchange for shares of acquired inies. vt aree were consorted into in ' Secular dividends paid 7icA L Price Bang* 1969 1965 1964 1963 1962 Stvldands (payments since 1939 tellowh* 1936__ 3095 1931___ 30.133 lew p 1933___ 0.179 1934. 09T9 IT 1936___ 696 1937___ 6908 Utt-- 99Bj 1636___ 6934 1646___ 0.11 1941___ --1 1941__ 8932 1*43-44 6J54 l*4L_-r 1946__ 6961 1947-U 0905 194*. --. 1956___ 6939 1951___ 0961 19S2 1*51__ 6997 mi954- 0.1*0 1*55_2 1156__ 6949 1957__ 094 3J19M____-I 1959__ 0936 1960__ 0916 dll961-62.. JB196L--0916_mi*64_i_iU*5__J96A. 1966__ 0961 B1967__ 0968 fflAlao 160% in stock; cash includes : prior to stock ddiivntdand. - T.tsted on Zurich Bourse. Price Badge: 1966, 100-69ft: 1965, 104ft-33ft: 5. M% eenvertIMe usu due IST2-77: Dated Feb- 1962; outstanding. Dee. 91, 1966. 06,900.000. Callable at par, beginning June 90, 1172 on 3 months' notice. Interest JAD. Issued In Feb -Max., 1962 as an alternative offer for ord. shares of Courtsulda Ltd., on basis of 25 of loan stock for each 10 of Courtauld's ord. stock. TMgh- -- 15/3 Low______- 18/9 16/1 13A0 16/3 44/0 , 17/0 14/7 16/10 13/6- XAlso 50% stock dlv. in stock; 3692 paid .............................. ........... Imperial Cksmlrel Includes 90.095 procesds sale of righfij | 6 1^TM ls - Authorized and outstanding, Dec. 31, 1968, 441907,794 ordinary stock units of L Is entitled to surplus assets after repayment of all capital Is entitled to profits distrib utable by way of dividend, after payment of 5% plus arrears (if any) on the preference STo April U. " SjAlso 50% in stock. ____ jtjAflar stock dividend. Unlisted Trading on American Stock : change. 03Price Range: 1966 1165 09MIH1963' Listed on London Stock Exchange. stock. Baa one vote per '1 of stock. Is Price Range: 1966. 96U-8S*,;; 1965, llin-HU. sued la exchange for shares of acquired cont 6. 7Vi% Unsecured Loan Stack, 1966-61: panuisce. The shares were converted into stock High6% 6ft 7ft 7ft . Low___________ 4ft 5}1 5ft 6/, 6]j Q]American depositary receipts Outstanding 50.000,000. Redeemable at par in 1it9!95. ISAfter stk. dlv.; before, 9ft-7ft. CANADIAN INDUSTRIES LTD. (CentreIled by Imperial Chemical Industrie* Lid.) History: Incorporated es Indus- trim (1154) Ltd. under Companies Act of Canada Feb. 10, 1954 to comply with U. S. District Court order, under which t L du Pont de Nemours A Co.. Inc. was required to terminate Joint interest with imperial Chem ical Industries Ltd. in Canadian Industries Ltd. Present name adopted Dec. 30, 1955. In 1962 a subsidise acquired assets of Inter- provincial Chemicals Ltd.. Edmonton, a cus tom packaging company; company acquired sulphuric acia plant at Cutler Ont. from Noranda Mines Ltd. British America Paint Co. Ltd., C-I-L (Lambton) Ltd. Also interest in Pinturas ICI de Mexico; West African Explosives Chemicals Ltd.. Li beria. Setterlngton Fertilizer Service Ltd., Pwtroha Grain and Feeds Ltd.. CEL-CIL Fib res Ltd. Officers: P. C. Allen. Chinn.; Leonard Hynes. Pres.; E. L Hamilton, W. T. D. Ross, J. H. Shipley, G. S. Roberts, R. B. Wlnsor, VicePres.; B. L McGreevy. Sec.; E. H. Kemp, Tress. Direct*re P. C. Allen. Chinn.: James Sin 1962-- 1961.. 1960.. Net Sales 171.629.402 164.876.026 170.737 906 Net Income 6924916 5981.418 6575970 Nb. of Shares 8.655.921 8.655.921 8.655.921 Eam.l_ on Coarj 0.70. 059 J 0.7i_ Consolidated Balance Sheet, ef Dec. * < (in Canadian dollars): Assets: 1966 Cash______________ 814.762,000 SMarket secur. -- 495.000 Receivables, net -- 39,063.000 [^Inventories _____ Prepayments___-- 53.120.000 1.733.000 1965 36538.009] 19.703.00r; 37,981,009 47,743,009* 2938.009, ~ In 1964 formed Millhaven Fibres Ltd. to consolidate company* man-made fibres activities, subsequently sold 40% of common stock of Millhaven to Chemcell (1963) Ltd. In Feb. 1965 acquired outstanding shs. of Campbell Mfg. Co. Ltd. for 50.000 common shs. (valued at 320 a ah.) and 351.000 cash; also acquired on Apr. 1 the De Salaberry clair. G. B_ Gordon. E. L. Hamilton, Leonard Hynes, H. deM. Molson. W. T. D. Ross, J. A MacAulay, J. H. Shipley, R. B. Winaor. G. S. Roberts, T. D'Arcy Leonard. H. G. Reid, W. G. C. Cashford, G. F. Whitby. Auditors: Touche, Ross, Bailey A Smart Co. Annual Meeting: In 1st 4 months of year. No. of Stockholder*: Dec. 31, 1965: Pre Total current- Set property__ nd .............. ......... Mtge. receivable Tax refund---------Invest, in oth. cos. Deferred charges - Total `SSi3109,173.000 151.615.000 I1H.703.I -*?.19--5ri 6.105.000 06.000 4.880.000 14.,1lv066.*0W0V0 ssi 3272515.000 3242.414.MH plant of Canadian Arsenals Ltd. at Valleyfield, Que. from the Federal Govt for 31500.000 cash. In 1965 acquired British American Paint Co. Ltd., Victoria. B. C. ferred, 765; common. 10900. No. of Employees: Dec. 31.1965,10,400. Head Office: CIL House, 636 Dorchester Boulevard West. Montreal, Que., Panada ConselMatad Ineeme Account, years ended Liabilities: Notes payable____ Accounts pay., etc. Dive, payable____ Income tax res. __ 312.496.000 26.in.000 2,002.000 9,665.000 35.6829 27.6709 25429 2.40L Business: Engaged In manufacture of agri Dec. 31 (in Canadian dollars): Total current. 350394.000 cultural and industrial chemicals; explosives, 1966 1965 Deb. 3%s. 1974 ____ 19,951.000 ... 205*55 ammunitien. paints and coated fabrics; plas Sales__________ 3262.476,000 3236,414,000 Deb. 5ft*. 1977 ____ 20.000.000 - 209 tics aM textile fibres. Coots A expenai 228.612.000 207,705,000 Deb. Sfts.'U_____ 30.000.000 .-- 309 In addition to products manufactured In Its Depreciation______- <11,670,006 10955.000 Deb. 7fts, 1966 ____ 15.000.000 own plants, company distributes a wide range Net oper. Income . 22.196.000 18954.000 Future Inc. tax__ 2.713.000 of chemicals and allied products supplied by Invest. Income___ 871.000 1.978.000 Minority interest - 9.661.000 a number of leading Canadian, United King Total Income_____ 23,067960 20532.000 7ft% pfd. stk. (320) 2925.000 dom. United States and other manufacturers. Debeat, ini, etc. . 3.656.000 Properly; Operates plants ait 45 locations throughout Canada. , . 1 Income taxes_____ Minority interest . 8,901,006 465.000. ) Caasti-uctless Expenditures ' In 1966 total, 344.766.000 (1965, 358.000900) including ammo nia and fertilizer plant near Sarnia. Ont. and Sulphuric acid plant af Copper Cliff, Ont. Centre): Imperial rhwnii.*: Industrie* of Canada Ltd. owns majority of voting com mon stock. Retain, earn- 1-FT Preferred div*. Common dive.___ Retain, earn- 12-31___ [DTimee cfag. earn. Earn., pfd. share . Earn., com. share . 10.575.000 44,-671,000 174.000 6967.000 48.705.000 6.32 3227.42 1.06 3.596.000 5976.000 1.024.000 0934.000 41914.000 174.000 6903.000 44.671.000 557 3211.48 0.99 [ftCommon stock _. . 73566.000 Retained earnings 43.705.000^--" ' Total 3272,515,000^ < Net current aseeta . . 358579.000.,! Net tang. com. ah.. 312JI r-.-u H)Depredation 3119509.000 ` 31109 QJLower coat or ndri. D9.79U61 SJMkt vaL: 1966. 9495.1 Note: Above accts. ln*.; ed1l..965c-,e3r1ta9i*n69650^3 baela of fiscal yrx. ended Sept 30 or. % gabeldiaries: AJchem Ltd., Canadian Hanson Cash flow, com. ah. 295 2.05 Debentures: Canadian Industrie* ttaJ A Van Winkle Co. Ltd., Canadian Safety Fuse No. of pfd. ahares. Co. Ltd- Chipman Chemicals Ltd.. C-I-L No. of com. shares 46,500 0,794,161 46900 lag fund debenture 3ft*. due 197k 9.794.161 AUTHORIZED--And issued 325.000/ Products Inc.. U."S. A. MUUhaven'Investments (DBef. Inc. taxes. standing. 320.951.000. -- lv Ltd- Defense Industries Ltd., C-I-L Inter Sales and Earnings, yaars to Dec. 31 (In 3): DATED--Nov. 15. 1954. national Ltd., Millhaven Fibres Ltd., Cutler Net Net No. of Earn. MATURITY--Nov. 15. 1974. . ^ Acid Ltd- Campbell Manufacturing Co., Ltd., Sales Income Shares on Com. INTEREST--MAN 15 at any brsneh-d- C-I-L (Dalhousie) Ltd., Continent*! Explo- 196C. 212932.000 4.703.000 3.656.181 1.10 of Montreal in Canada. Principal j; tives (Albert*) Ltd.. Defense Industries Ltd.. 1963.. 184907900 7.764.000 8.655,921 097 payable in lawful money of Canaoa.^ MOODY'S INDUSTRIAL MANUAL 2647 8USTEE--Royal Truat Co.. Montreal INTEREST--J6cD 1 at any branch In Canada Capital Stock: U Canadian Industries Ltd. 'JOMIMATION--Coupon. $1 .000; reglster- of Bank of Montreal. Principal and Interest 7Vi% cumulative preferred; par $50: jla as to principal; fully registered, $1,000. payable in lawful money of Canada AUTHORIZED -- 46,500 shares; outstanding LOOO. $10,000 and authorized multiple* of $1,ln excess of $10,000. C6cR interchangeable. ..LLABLE--Aa a whole or In part on at leaat , days' notice at any time to Not. 14. Inch. i follow*; 101.00 IMS... 100.80 IMS___ 100.80 TRUSTEE--Royal Trust Co.. Montreal DENOMINATION--Coupon, SI,000; registerable aa to principal; fully registered. S1.000. S3,000, S10.000 and authorized multiples of $1,000 in excess of SIC,000. CAR Interchangeable. 46300 shares: par $50. PREFERENCES--Baa preference for assets and dividends. ___ DIVIDEND RIGHTS--Entitled to cumulative dividend! of 53.75 per share irr,..,.: . DIVIDEND RECORD -- Initial dividend of JffO__ 100.40 1971___ 100JO 1972___ 100JO CALLABLE--As a whole or In part at any 93% cents paid Oct 15, 1954 and quarterly *73__ 100.10 1974___ 100.00 time on at laast 30 days' notice at 110 to Nov. thereafter. JCompany may alao purchaae debenture* in 30. 1967, IncL. and at 1% leas each year there VOTING RIGHTS--Has no voting power.ex hen market or by private contract at not after to 100 after Nov. 30, 1976; provided, how cept on questions affecting rights of pre cceedlng above redemption price plua up to ever, no debentures may be redeemed before ferred. sale or merger of company or Increase . of 1% of par o; debenture* *o purchased. Dec. 1, 1972 through borrowing! at an Interest or decrease of capital or failure to earn pre ; Alo callable for lnklng fund (which see) cost of less than 590% per rmm ferred dividend for last preceding year, whan 1100. ____ Company may alao purchaae debentures In It la entitled to 10 votes per share. [NG ru?ro--Annually, cash (or deben- open market or by private contract at not LIQUIDATION RIGHTS--In liquidation, en *1 sufficient to retire at 100 on each May exceeding above redemption price plua cost titled to repayment of capital In priority to t debenture* at follows; $500,000, 1960 to 1963: of purchase, up to 44 of 1% of par of deben common shares. 30.000. 190. to 1968; $1,000,000. 1969 to 1971: tures so purchased Debentures acquired to be CALLABLE--Not callable. 30.000. 1972 to 1974. cancelled. ISSUED--Issued together with DuPont of If--Direct obligations of the com* rj*ny but not secured by mortgage. F CREATION OF ADDITIONAL DEBT--Except Liar purchase money mortgage* or aasumptlon Erf existing liens on property hereafter ac- SECURITV--Direct obligations of but not secured by mortgage. CREATION OF ADDITIONAL DEBT--Same as debenture 3%s due 1974. rmnmrim Securities Ltd. preferred In exchange for Canadian Industries Ltd. preferred under plan of segregation, one share of each Issue for one share of Csuriin Industries pre ferred. (sulred, company may not (1) mortgage any DIVIDEND RESTRICTIONS--Company may LISTED--On Montreal and Toronto Stock Ex farfets unless debenture* are eoually and not by payments on, or distributions to, com changes, Lrstably secured, except for any security mon. reduce the aggregate of (1) amount paid TRANSFER AGENT--REGISTRAR--National ri0ther than on fixed assets) given to secure up on common. (2) consolidated capita| sur Trust Co., Ltd., Mcntresd, Toronto and Van I current loans: or (2) create additional funded plus and (3) consolidated earned surplus (as couver. f debt of which the mandatory retirement proLeision in any 12-month period would retire ) i greater percentage of auch additional l tended debt than percentage of debenture n,,s due 1974 required to be retired for the "Bating fund In same period; provided that defined), below $65.000,000 nor *riak any such payment or distribution when aggregate la below that amount PURPOSE--Proceeds to pay lm- for plant expansion. OFFEF.ED--($20,000,000) In Canada at 98% DIVIDEND DISBURSING AGENT--National Trust Co. Ltd.. Montreal. PRICE RANGE-- 1966 1965 1964 1963 1962 High81 82% 83% 86 80 Low___________ 74 80 78 80 76 - r&e company may create funded debt en (proceeds to company, 95%) on Nor. 14. 1957 2. Canadian Industries Lid. cowmen; no par: titled to sinking fund payments of propor by A. E. Ames 6c Co. Ltd., Toronto, and as esastely greater emount than those reoulred sociates. AUTHORIZED--13.500.000 shares; outstanding, 9,794.161 shares; no par. eg,r debentures so long aa future payment# In wch concurrent 12-month period are m- " creased proportionately; provisions under this ; elsuse (3) do not apply to additional funded obligations up to amount equal to 23% of total : tended obligations to be outstanding. "DIVIDEND RESTRICTIONS--Company mav not by payments an, or distributions to. com- cnon. reduce the aggregate of (1) amount paul ; m on common. (2) consolidated capital surrplus and (3) consolidated earned surplus (aa "ieflned). below ISO.000.000 nor make any auch -asyment or distribution when aggregate Is .below that imoim*' nmvlded that If any pr*l hired or other stock Is Issued other than for to common, such issuance is deemed a bent or distribution to common. POSE--Proceed*, together with common Ideck financing, for repayment of 818.000.000 ' n from parent company; to acquire and nplete `Terylene" plant at Mlllhaven and ffar plant additions st Cornwall. Beloeil. sburg and Shawlmgan. _____ -(S23.000.000) In Canada at 100 (proi to company. 981/*) on Oct 26, 1934 by A. nes 6c Co.. Ltd. Toronto. ICE RANGE--1966 1965 1964 1963 1962 3. Canadian Industries Ltd. debenture S%s, due 1994: Outstg.. 1984 series, $30,000,000. Held pri vately. Proceeds for new and expanded plant facilities for ammonia, fertilizer, chlorine and caustic soda: for expansion of TN.T. prod uction and to improve fertilizer distribution facilities. Dated Dec. 1. 1364; due Dec. 1, 1984; prin cipal and interest (J6cDl) payable in lawful money of Canada. Royal Trust Co.. Montreal trustee. Callable at any time at 10544 to Nov. 30. 1969; reduced prices annually thereafter to 100 after Nov. 30. 19E3. >_-. act callable before Dee. 1, 1974 from funds borrowed at Interest cost of less than 5%%. Co. may alao purchase debs, in open market or by private contract at not exceeding above re demption prices plus com of purchase, up to Is o! 1% of par of debs, purchased. Debs, acquired not ` ` he reissued. No: tenured, for restrictions on creation of ad fitloaai debt tee deb. 3%*, 1974. Co .nay not t>7 payments on, or distri- crj-a to. common, reduce the aggregage of (1) amount paid up on common '2: consoli Imperial Chemical Industries of Canada Ltd., owns (73.4%) of stock. VOTING RIGHTS--Has one vote per share. DIVIDENDS--(Payments since 1953. follow): 1954___ $0.10 1955___ $0.45 1956-62 $0.50 1963__ 0.65 1964___ 0.60 1965___ 0.65 1966... 0.65 (E1967__ 037% ETo May 1. LISTED--On Montreal and Toronto Stock Ex change TRANSFER AGENT--REGISTRAR--National Trust Co., Ltd.. Montreal. Toronto and Van couver. DIVIDEND DISBURSING AGENT--National Truat Co. Lto.. Montreal. PRICE RANGE-- 19661965 1964 1963 1962 High___________ 30`4 27% 84% 18% 16% Low.... .............. 15% 194417% 13% 13% Offered R87.S". shs. in Canada at $23 a sh. oc Apr 12 oy A E. Ames Sc Co. Ltd.. Montreal, a-.u associates. Shs. being offered are those tains unsubscribed by Imperial Chemical l&sustnas Ltd.. London. Subscription Rights were being offered to stockholders of record Apr. 9,1965 to purchase additional com. at $20 a sh. on basis ( one [High______________85% 88% 8814 98% 88 TLow_____________ 8144 85 87 . 8644 69 dated capital surplus and (3) consolidated ah. for each 8 aha. held. Rights expire Apr. earned surplus (as defined), below $73,000,000 30. U. S. holders will not be eligible to pur- 'ISCanadian funds. nor make any such payment or distribution chase additional aha. as the Issue was not reg >1 * Canadian Industrie* Ltd, debenture 5%s. 1977:__________ ____________________ -- __ __ - when aggregate is below that amount Issued ($30,000900) privately st 100 on. Nov. 4L4964. istered with SEC; however, they may sell th-lr eights. Ch-mlnsl Industrie* T.td- T-ondoh. ioRIZED--Open; outstanding, 9977 ae- Subsidiary Debt: MEhnut Flbns Ltd. owts* 73.4% of Canadian Industries com. shs. . S20.000.000. . outstg. $13,000,000 7%p lint mtge. bands dated Imperial acquired only a small proportion of (.TED--Dec. 1. 1957. Dec. 1. 1966. due Dec. 1. 1886. J6cDL Callable the additional common shares to which It to Nov. 30, 1967 *4 10730 sad rtwrHiring price* was entitled, and the rest was offered for (TURITY--Dec. 1. 1977. thereafter. Issued' hi Cbnerta at 100. , public gale in Canaria I.C.1.--ORGANICS--INC. (Controlled by Imperial Chemical Industries Lid.) yUstory: Incorporated In Rhode Island Nov. Counsel; Hinckley, Allen, Salisbury Sc Par Y-MFhH r-- 115,616 114,020 ,1899, as successor to Maaon-Chapin Sc Co. sons. Providence. Construction_____ 937,683 15.919 rinesa established In 1815 as Arnold, Hoffh 6c Co., Inc. Present name assumed July 1, Auditors: Ernst 6c Ernst Annual Mooting: Third Thursday in Fob. Other assets --.-- Deferred charges _ - 43,848 - c' 114451 ' 83,144 25,189 No. of Stockholders: Jan. 13,1966,145. -- 4 .Total 2 $19461,645 $17,535 461 1948. acquired Harknesa Sc Cowing Co., dnnatl. now operated as a division. 'No. of Employ***: Dec. 31.1965,483. '.. Liabilities: Accounts payable. -. . .$617443 / $348431 ^Business: Manufacturing chemists. Products Jude dyestuffs, sulphonated oils and fata, ~ir repellents, defoamers. synthetic deters. plasticizers, organic esters, cationic Main Office: 55 Canal St. Providence l. R. L Consolidated Income Account yean ended Sept JO: -------- ,, . 1965 .,. 1964 Net salee uL-. $17,437,881 - $15,586,452 Accruals, etc. _ .. 239.474 Taxes __ ___ u.wz; 1418408 Debt due_________ 334,000 Due affiliate_____ 878.990 219.417 ' L410.619 ' 332.000 888,815 men, etc.; alao wetting agents, a phar- Other income 'u_~ - 250.086 * - 208245 -^Total current - . $34*8415 eutical chemical and chemicals for use In, Total income ,,lu_: - - 17,687JOT - 15,794,697 $3,199,082 -, plastics and rubber Industries. Main, Coat Of salee i;___ % Ji8J92.92T ,H?>. 7.855,111 Notes, payable 7 . 2476,000 ' ->2410,000 sales offices in Providence. Charlotte, SelL, ate. exp; Tu.V;!; S.748JI0 ^53^11404 Affiliate note _L"X 3i650,000 3,650,000 ` "anta. Ga^aji' ' ' oW.MfoOi' Depredattom. ^'.839JS5 'rtf." 864478 Owns-plants- at Dlghtoo; Vasa.;' .Interest a- A 2732*. *-- 285,768 _ 260.000 sq,- ft floor space on 75- Other deductOJLL'^-r,- x-Sjmjt.,.' 2330 com. *tk. (yi'yy i ..iii -,--i-- 1 Capital aurplua --^^1^2401.433 V---I rrpU,m . 8^021,047^ 2401.433 .. , `Mte;. Charlotte, N. C. with 44,000 sq. ft. Fed. be. tax ___ n '>^$.096.65* IjfurL808.000 [$% acres; Bayonne, H. J. with 10,000.aq,ft: ^Cincinnati .plant .with approximately rjrbtkl,i7_*!r!rfJ=-$U46L645^i ^current; assets fKs$0,709,678jAp; r SUBSET*-' ` --. Leant OnflbaBdwiSjwCiOaJMSaE- 5[net*rii'ThdciisLirHIcKardjOL Bw Bruns. Ai R, Stewart M. tQXei' property*; OArCOmmon- ln'pDeeek?s'$ol,t 1s9a5i2d ppfl^usgtqticalrf'ManSd 'tanudtm'nredbf acstexdb. fiebt^1 <to tnalritslq con-- $13297,99X2:$1X364402.