Marsman & Company to change capital structure

Media

Part of The Marsman Magazine

Title
Marsman & Company to change capital structure
Language
English
Source
The Marsman Magazine Volume III (No. 9) March 1939
Year
1939
Rights
In Copyright - Educational Use Permitted
Fulltext
COCO GROVE, INC. PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER, 1938 To Administration Expenses ........................ P 50,450.00 To General Overhead: Audit Fees . . . . . . . . . . . . . . . . . . . . . . . . P Bonuses .......................... . Documentary Stamps .............. . Fees & Licenses ................... . Income Tax ....................... . Insurance ......................... . Interest ........................... . Leave Salaries .................... . Legal & Notary Fees ............... . Miscellaneous ..................... . Postage .......................... . Stationery & Supplies .............. . Subscriptions & Contributions ...... . Telephone, Radios & Telegrams .... . 1,800.00 2,666.66 297.56 1,598.36 60,237.78 28,472.13 6,255.58 175.50 6,000.00 2,809.35 359.09 578.51 7,045.51 1,088.29 To Profit Participation as per Agreement with Original 119,384.32 Claim Owners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 278,138.00 To Net Profit for the Year . . . . . . . . . . . . . . . . . . . . . . . . 1,003,963.00 Pl,451,935.32 By Operating Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pl,451,935.32 Pl,451,935.32 MARSMAN & COMPANY TO CHANGE CAPITAL STRUCTURE A plan to change the capital structure of Marsman & Company, Inc. will be put to a vote at a special meeting of its shareholders called for Monday, March 27, 1939. share arrangement, one half of the issue will be common stock, and the other half preferred stock, with cumulative dividends to be decided by the board of directors. It is proposed to change the capitalization from 300,000 shares of no par value, to 4,000,000 shares of par value of one peso per share. In this new 28 This action will amount to a stock dividend of more than 100% to the present stockholders of Marsman & Company, Inc. THE MARSMAN MAGAZINE for March, 1939