| Description |
The report includes information about the company from 1947 to the fiscal year ending October 31, 1951. The document consists of past and current company projects, shareholder's information, income and gross revenue reports, a short history of the company from 1900 to 1951, a list of clients, a financial statement regarding assets, liabilities, consolidated income, and consolidated earnings, along with a company list of the board of directors, officers, and executive committee. |
| OCR Text |
Show the utah construction company and canadian subsidiary summaries of consolidated income and retained earnings for the year ended october 31 1951 summary of consolidated income income : gross profit from construction and mining operations $ 4,998,299 dividends received 286,978 cash discounts and miscellaneous 142,881 $ 5,428,158 expenses : general and administrative expenses 930,953 interest 150,144 1,081,097 net income before provision for federal income taxes $ 4,347,061 provision for federal income taxes including 50,000 for excess profits tax 1,400,000 net income for the year $ 2,947,061 summary of consolidated retained earnings balance october 31 1950 10,207,919 add net income for the year — per above summary 2,947,061 transfer of unused balance of reserve for contingencies after deducting 199,404 representing net assessments of prior years federal income taxes and interest ) 300,596 13,455^576 deduct : dividends on capital stock cash 289,240 securities at cost market value 202,625 72,841 362,081 balance october 31 1951 : restricted under bank loan agreement $ 7,244,925 unrestricted 5,848,570 13,1)93,495 . note no provision has been made in the above summaries for income taxes which may be payable =^= \\ on future distributions from retained earnings of the consolidated canadian subsidiary the utah construction company hoard of directors officers is being operated under lease by the argonaut co ltd trie mine is situated in o wild scrni-timoered re gion in the vicinity of campbell river vancouver is land british columbia a crush iq plant ond maonetic the dock at campbell river for shipment by boat executive committee marriner s eccles chai marriner a browning l s corey allen d christensen l t dee george s eccles w h harris shepard mitchell p l wattis marriner s eccles chairman of t l s corey president allen d christensen executive vice president and general j e w littlefield vice president ar a h ayers vice president c s davis vice president george r putnam vice president w h harris secretary marriner s eccles l s corey allen d christensen e w littlefield |
