Document jNmD3540ebQYjQe7500p8Oa7Q

Annual Report 1951 & B#f SHtMWIN-WlUIAMS CO. 0007-SWP-034799 N21746 Th e Sh e e w in -Wil u a ms Co . a . w. afsuMb TmtimShtHmUm* Wa panaal tiiiwii the Caaanlidmd Salaaca Shaat aad fmanli dand Ire-- aad Saiplai iwwau adTha Sbaraia WtUUaaa CamPM7 tm tha local joa* aW Aagaat 31. IM1. n* NniHi baftn Padnal lacaan Tm aad ptariaina far tba Mu PIm an StMMUtt. 1W naM aatinatod for Padoaal Immm aad Imw Mii Tm ia mum. TWa cakaktba baa ban aada m 'Am baalaat At aa lanaaa Act at Ull, aaartod by Cnapnto tm OrtiW Mb INI. $3v9O0UOOO In igdi ban nft Midv isa ika Ibaba TUa ifM la afffMfanMf mlwlwl to tba atonal aoanal wjaiiaiat at Am Hm (a*a(h wUk 10% of Am oripaal part tardea Safaffi*. aa toifcaalaJ by (ha Catopaa^a actnrito. nafiaalaaaaatidatod aalaaiaiajiafto a[1 JadactiMaanW.84l.S4i. I Than aat aanb^* * a&oabv lor Pnfand DMdaad* a aydnlnt to pw dto w the pmal natidafiaa IJ77JM lair m (ha bpal ia tha r-->aay*i biataqr, baiaf 17% gnmtm la Mr of Oaajpaaa. toa Citopiay -Id I5J3M00 afita Pwfaiad Stack tea pway adbaabaaad iaaanam mapiain !( ,J adaiaahla to pcedde Saaa addMnaal Amms Im eaekhto capitol aad The ie. men baa atceetara atiB boar, to kaa p --tortala. Uat yan ia UMIaMi TIuBmbiti tba mi ad (hie ymr> ad i which'caaatitatad (ha toaftopeHanadta 1M (hat I Ii lad to thiapiaa. 0007-SWP-034800 0007-SWP-000116220 Sisco lU iatroductiea last year at ant new product "Sopor Ki To m", <m bevo raid over too nallioo fallons of thio dtlua waakabb iatariar wall paiaL Oar aatiwiaUy adnrtiaad mat) "KanDla", kick aa iatndand to tka pablic ia IMS, libeufa* baa had a aaaat aatkaaiaatic aurfcat raeaptW Darby Aoqeat at thb year aw (Had our taanQt laillinarfk caa of thb natatanfingfr tm quality anaawl About fear millifla doUan mam ipaut at tba Ceaapaay't mieue plaata fer mcdaniwiica aad fa* mwiaaiat ear pwductWv faciliti**. A naw priatby pbat baa baaa built at North Ohastad, Ohio, lapbchg tba oU oaa. which bad boa* ia aaa fer onr(fey jraats.Tbit mm uait i& isaara aa adequate supply of cola* caida, adnrtfafay feuturn, ate, to taka caa* of ear tipindhy vohua*. W* aia aba iacmahy. oador Catdfcataaf Ncnaadty, ear prodactfea of Ban Cnaal, wkkh product faiaipartaat ho the dafeanpnqnn aad based a* aaaddbin to paaaliu* far airpliuaa, aataaiahilaa. ate. Faaa Craaoi ia alaa as in. portaut baaic uyndfaat ia tba ataaiifartara of certaia colon. Tka Cnncuaantfc raamcaMut ptiyran a doniopuy a (mdoalijr Hghtanim taw aatonal tuatfae. Sena ad ear aoat uapertaat tear matariah, aacb aa da pbta, aba, bad, titaahna, pbtkalic aahydihh. rarlaia eoiare aad o u mj dabab an radar aUocataoa or nrtrictfaa bp Ci iivuaial Obecdm. i Oar taaaaicb aad lachaieal ataCi aneeuataady at work daaabpby atm aad kattar products fer tba bane* fern aad iadustoy aad an act eatr nakfa* fee ataat at tba aniiabfa tow natariab but bon thafe ataritenr yarn of came labentory i Mcyp Mpfebr tacbaicalpiatardn (aiihaa ban aha baaa worked ' by flwaaaat Fa*fanta hr an ia tba T ~ traMmk 0007~S]yp, 03480l 0007-SWP-000116221 CONSOLIDATE!* PROFIT AND LOSS AND SURPLUS THE SKERWm-WItUAMS COMPANY AND CONSOLIDATED SUBSIDIARIES Ymi Eadad AafwtSl. INI 11 Sntirt bah-Mf A.. __ ) # CMtal |lltk it r-XM L.......... ramjt j mmi j to hnif* taiaaA aiaAMMMat. tab m MM tl LMMIW SlUMJ* MUI4 UU*U MW 1M1) IlMtfldlllU.. i hr yria j Nrrnorrr.. 1.11 SgftgMM HUMUt MHWN gsasaa UfHMtM BALANCS AY AOBOIf SI Ml...... m > !* h--wiiAmlliliia > >. 0007-SWP-034802 0007-SWP-000116222 0007-SWP-034803 0007-SWP-000116223 AUDITORS' CERTIFICATE Board of Dinctant TVo ShwhiWIki CoMpoay, CliToliod, CBio. Wo km owlmd <bo rnoonlirfitwl bohaco don rflli Sbonria* WBQh m CoopM? md onaonlidHod mWCh o i ao of Aofoot 31 INI oad tW nM rtotfmto rfamliiitid proAt ni lorn oad mo with (MonOr Trapml oailB| otmdoidt oadoocordiaftr iacWdod omh taoto of tbo oorooatiat roeordo ad meb otlm o*dag Zo or ofWos. tbo inroinriH boloaeo abort md worn aria at pwdt md lo md mrploo pno--l Uttf >b rnaoolidltod faoaciol ii Tki SWvi^VSISiM CflMpMip iii cMMfidshrf diBoih ok Aogmt SI. 1M1, lod Iko eemefidotod imolh of Bair oporatioao fa* tbo jaar Boo aoM h woBroifr with |--iHy ooo^tod oaeowkht pdadplm atdrfc. oac^t fco Bo rboaao (oppoarod lro)o pridap notdia iamatorim nM to m Nolo A to tbo with dm* at Iho ptoradfap j o m. ERNST* ERNST October SR 1PS1 0007-SWP-034804 0007-SWP-000116224 Tfrff Sh k mw iN'W/l u a ms Co . 101 Piaart Aa..X. V. MikUK ClaaalaMlOUa Muu^Hunrt V , Vaniaha., Calm Itaaaa, faaawla, liaaaaia. Uai 1 C^ChaiAUNiw lilfcaaikjaaaaad 08.0*7 Calaw, Caa itlaiMalf _______ Oajrtaa KakM.aUa-0aUu4.CaL M.f. Caljaik laa M-r- aftlttBW ciuio* 0f!an minni uv.aeuort trm&rStuto IUMM Dalaklit. 0007-SHP-034805 0007-SWP-000116225 i I i 0007-SWP-034806 0007-SWP-000116226