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Annual Report
1933
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7HSSHtHWIN-WlLLIAMS CO.
0007-SWP-034697
N21733
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Tt Aa ShrHaMtrr: I pnmt herewith A* Aaanal Report aijmt
Compaq? for the bed jeer ended Aagort Slab 1933.
Tlw Balance Short allows the Compaq? ia gofii fiuackl oonlhia^ l^vim n csdk sad United StotooGewuat Soenritiaa 97,440,196.78 and no indebtedness to boats.
Not oamlina after iMortit aB cfcarpee fee tense and depredation, amooat to H17S.87RW. After Jrtrth| toa this tho amooat paid ia Pntortd Stock Dividends dariaf tho fiscal poor* tho hhw oonwd oa tho Coaemna Stock k SUWeMl or ISM pat sham.
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Oporatia{ tiptotM covariaf Adminiatratiaa, Salliaf ad Production, thaw aariaf tiui yiar of $3,183*417 eoapuid with Uat jw ul a total raring for tho loot thiaa yuan of $7,341,237.
Wbfla araiy ocoaotflr eoButnt with food burinMi practice baa boas ia foror, tbr proportiaa ofyour Gnpaqy boro baaa lnpt condition for efieiaat oparatioaa. Tha quality of ov prodocta hat aat only bm maintamad. bat baa alao baaa iaproTd whamir tha opportnaity to do ao haa pnMBtad iImUL
As to tho Orgaaiaatina, I cannot wa atraM tha fact that tha ahowiaf tha Comprny haa Made tbia yaar ia due to thair loyalty, hitUolaaa aad WBQMPSMIVB HniBla
flaapai I fully aabauttad.
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0007--SUP-034699
CONSOLIDATED INCOME STATEMENT For tho Fiscal Y<w Eadad August SI, 1933
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ANALYSIS OF . CONSOLIDATED SURPLUS ACCOUNT
For d Fmc aI Y*r Eadad Augwt 31,IBS
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