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American Tobacco

the American Tobacco Company, Fiscal Statements, 1951

Date: 1951
Length: 479 pages
ATX01 0255345-ATX01 0255823
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10004026
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FISCAL BINDER IND£X DECEMBER 31, 195~ - , PAGE NUMBER SUPPLE * ~" I$CAL NENTARY "r I TLE 236 2~3 882 825 227 237 889 219 212 ~'26 22l; 211; 830 6~ 2~5-2~6 38~-385 8-16 2-'/ ~7-~ 2oi ~,I 7 -b.18 116-12o 1 21 38-I ~2 26 206 335 ~o3 ~2D ' 55-1 53 52 32-~3 o -25 2-9 65 -69 137 29 -I 32 133-136 AC¢OUN~" PAYABLE TO ~RITISH AMERICAN TOBACCO COMPANY) LIMITEC fOR EXPORT SHIPPING ARRANGEMEnt5 ACCOUNTS PAYABLE - ACCRUED PAY ROLL ACCOUNTS PAYABLE " CITYe STATE AND NATIONAL TAX WlTMHELC ACCOUNTS PAYABLE - FEDERAL OLD AGE BEN[tIT TAX - EMPLOYE1E~CONTRIBUTIDN ACCOUNTS PAYABLE - FEDERAL TAXES WlTHMELD FROM EMPLOYEES ACCOUNTS PAYABLE fOR SCRIP AND INTEREST ON SCRIPw STOCK CERTIrlCATES AN~ 7% GOLD NOTES ACCOUNTS PAYABLE * HOSPITAL SERVICE INSURANCE PREMIUMS DEDUCTED tROt<, EMPLOYEESI SALAR|[S AND WAGES ACCOUNTS PAYABLE " INCOME TAXES WITHHELD FROM NONRESIDEN~ ALIEN~ O~ FOREIG~ CORPORATIONS ACCOUNTS PAYABLE * BALESMENIs EXPENSE ACCOUNTS ACCOUNTS PAYABLE - STATE SICKNESS COMPENSATION TAX " EMPLOYEESt CONTRIBUTIOn, ACCOUNTS PAYABLE * STATE UNEMPLOYMENT INSURANCE TAX " EMPLOYEESf CONTRIBUTIO~ ACCOUNTS PAYABLE - SUNDRY ACCOUNTS PAYABLE TO EMPLOYEES ACCOUNTS RECEIVABLE " OFFICERS AND EMPLOYEES ACCOUNTS RECEIVABLE - SUNDRY ACCRUED ALLO~/ANC¢$ UNDER QUANTITY PURCMJkSE CONTRACTS ACCRUED CIGAR tt4ACHIN[ ROYALTY PAYABL~ ADDITIONAL COMPENSATION * OFFICIALS ADJUSTING AND ELIMINATING ENTRIES - CONSOLIDATED BALANCE SHEET - DECEMBER ~Im 19~1 ADJUSTING AND [LIHINATING ENTRIES - CONSOLIDATED STATEME~- Or INCOH~ FOR THE YEAR 1951 ADVANCES TO BALEBMK~ ADVANCES FOR TRAVELING EXPENSE ADVERTISING DEPARTMENT A~ERICAN CIGARETTE AND CIGAR COMPANY A~ERICAN CIGARETTE AND CIGAR COMPANY " SPECIAL ACCOUNT AMERICAN CIGARETTE AND CIGAR COMPANY LEASED PROPERTY PURCHASED AND BOLD ACCOUNT AMERICAN ~OBACCO COMPANy, (ONLY) THE - BALANCE SHEET AMERICAN TOBACCO COMPANY~ THE - BRANC~ ASSEMBLY AMERICAN TOBACCO COMPANY, ~HE " CIGAR DEPARTMENT - STATEMENT OF INCOME AMERICAN TOBACCO COMRANY~ TH~ - CONSOLIDATED BALANCE SHE[" AMERICAN TOBACCO COMPANY~ THE " CONSOLIDATED STATEMENT O~ INCOME A~40~TIZAT|QN OF EXPENSES ON DEBENTURES ALLOWED rOR TAX PURPOSE~ ANORTIZATION OF PREMIU~ ON INVESTMENT AMOUNT AVAILABLE FOR DIVIDENDS UNDER ~ECTIO~ ~.O~ Or INDENTURE DATE~ JANUARY 1~ 19~~ COY[RING TVENTY YEAR 3% DEBENTURES DUE JANUARY ;, 19~ A~COUNTS PAYABLE TO fOREIGN STOCKHOLDERS " ~ITHHEL~ UNDE~ .. ~* TREASURY OEPARTHEhrT REGULATIONS ANNUAL REPORT ASSETS CAPITALIZED fOR DEPRECIATIO~ ASSETS CAPITALIZED fOR RECORD ALrrOMOBILES - PASSENGERS At~TOMOSILES - PASSENGER - INVENTORIES JANUARY I AND DECEMBER ~ I 9~I ACQUISITIONS, DISPOB|TIONS~ DEPRECIATIOn, REALIZATIO~ AND PROFIT AN~ LOS~ AUTOMOBILES - SALE~4ENIs AUTONOeILES " GALEGMENIS - RECAPITULATIOn, INVENTORSE~; JANUAR~ ~ AND ~ECEt4~ER 3]~ 1~1~ ACOUIBITIONS~ DIBPOS|TIONS~ ~EII~ECIATIO~ REALIZAT|O~ AN~ PROFIT AND LOBS AUTO~qOBILE TRUCKS~ TRACTORS AND TRAILERS - |NVENTORIE~ JANUARY I AND OECEMBEF 31, 1~51~ ACQUISITIONS, DIBPOSITION5~ DE~RECIATION~ REALIEA?IO~ AN: PROFI• AN[ LOSE
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PAG.r NU~ SUPPLE - FISCAL NENTARY FISCAL BINDER INDEX DECEMBER 31, 1951 TITLE I°AGr. 2 o-25 1 T-22 32-~3 ~32 423 -~2~ 2o7 ~-~ BALANCE SHEET - CONSOLIDATED BALANCE SHEET - RECLASSIFICATION ENTRIES BALANCE SHEET - A~IERICAN TOBACCO COMPANY, THE (ONLY) BILLS AND HORTGAGES RECEIVABLE BOX fACTORY PROFITS - CIGARS BRANCH ADMINISTRATIO~ BRANCH ASSEMBLY, DECEASE; 31, 1951 ~RANOS~ TRAOI-/4ARKSj GOOD ~ILL, ET CITER# ~ILOINGS AND BUILOIW~ fI~TUR~ 295-2~ 295-2~ 297 297 z7 29 z38 28~ 282 25 07 I 0~: 26 95-96 97 22~ 88-89 77 75 127-12L ~2C' ~,-16 ;-7 2~7 r ; :I0~. 5E I 0-2=~ ~6 -3c 63-6~ CAPITAL STOCK - CO~qO~ " AUTHORIZ(O CAPITAL STOCK " CON~O~ " UNISSUED CAPITAL STOCK " PRErERRE~ " AUTHORIZE~ CAPITAL STOCK " PREFERRED " UNISSUED CASH IN BANKS CAS~ IN TRANS|T CASH ON DEPOSIT YOR PAY14ENT OF INTEREST ON BONDS CASH ON DEPOSIT ~|TH GUARANTY TRUST COMPANY OF NE~' ~OR~ F~PAY!qENT OF SCRIP AN~ INTEREST ON SCRIP, STOCK C[RTIFICATE5 AND ~ GOL~ NOTES CASH O~ DEPOSIT ~|TF TRUSTEE FOR REO[~Wl"IO~ or FOUR PER CENT BON~S ~HIC~ NATURED AUGUST ~, 1~1 CASH ON DEPOSIT VITH TRUSTEE FOP REOE~WTIO~ OF SIX PER CENT BONDS ~HICH ~ATURED OCTOBER I, 19~L CASH ON HAND CIGAR BOXES CIGAR BOXES " BILLINGS I~ SUSPENSE CIGAR DEPARTMENT - STATEMENT OF INCOME FOR THE YEAR ENDED BECE~SER ~1~ 1~ CIGARETTE BOOKS CIGARETTE BOOKS ° INTERNAL REVENUE TA~ CITY~ STATE AND NATIONAL TAX ~ITHHEL~ - ACCOUNT~ PAYABLE CLAIXS DOUBTFUL OF COLLECTIO~ CLAIMS - FEDERAL TAX CLAINS " NIBCELLANEOU5 ~LAY, HENRY AND ~C)CK & CO~PANY, LIMITE¢ COmmISSION AND liar CREST RECEIVED OR LEAr SOL~ CO~I~ISSION O~ LEAF P~CHASE£ APPLICABLE Te FINISHE~ GOO~ CO~¢NISSION ON LEAr PURCHASES APPLICABLE TO NANUFACTURED STOCK SOLD - CIGARETTES! S~GNING~ ~TC. ~O~4~IBSION O~ LCAF PURCHASES APPLICABLE TO MANUFACTURED ST O~K SOLD - ClGAR~ CO~IMOh STOCK DIVIDEND~ PATABL[ CONSOLIOAT[~ BALANCE SHEET - DECEMBEr ~I; IQ~I CONSOLIDATED BALANCE SHEET - [LININATING AN~ ADJUSTING EI~TRI[S CONSOLIDATED EARNED SURPLU~ CONSOLIDATED STATEmEnT Or INCOME " [LININATING AN~ ADJUSTING ENTRIES CONSOLIOATC~ STATENENT Or INCOME FOR THE YEAR 1~ CONTINGENT LIABILITY Oh NOTE5 GUARANTEE~ CONTINGE~ LIABILITY UNDCR LITTER5 Or CREDIT CONSTRUCTION CONTRIBUTION~ COS" Or CONSTRUCYEOh PROJECTS ABANDONEE COST Or DISMANTLING BUILOING~ AND EQUI~qEN~ COST O~ SALES - LEAr (CONTINU[D~
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FISCAL BINDER INDEX DECEHBER 3~, 1 95~ PAgE NUMSER SUPPLE- ~ISCAL HENTARY TITLE PAGE ~8 205 ~19-kZO ~21-h22 6o-61 332 175 381 228 35~ 29~ 333 3m. 302 58 321 3~-37 45 ~35 87 8~ -83 ~-85 65-69 65-69 DEBTORS LIABILITY ON NOTES GUARANTEED DEFERRED AMORTIZATIOH Or EXPENSES ON DEBENTURES SET UP FO~ TAX PURPOSES DEFERRED DEPRECIATION ON ASSETS CAPITALIZED FOR OEPRECIATIOf; D£PARTMENT OF MANUFACTURE * CIGARETTESD SHOKING# ETC, DEPARTMENT OF MANUFACTURE * CIGARS DEPOSITS RECOVERABLE FROM INSURANCE COHPANIES DEPRECIATION ALLO~/ED ON ASSETS CAPITALIZED FOR DEPRECIATIO~ DC~ECIATION AND INCOHE * FIXED ASSETS RENTED TO AMERICA~ SUPPLIERSj |NCORPORATEO DEPRECIATION RECORDED ON BOOKS OF AMERICAN CIGARETTE AI¢~ CIGAR COMPANY rO~ TAX PURPOSES SINCE JANUARY 1~ 1~2 ON FIXED ASSETS LEASED DEVELOPt4ENT EXPENSE ON PLANT EQUIPMENT * CIGARETTES, SMOKINGB [YC* DISABILITY BENEFITSw INSURANCE PREH|U~ PROVISION AND WITHHOLDING APPLICABLE TO RADIO AND TELEVISION TALENT - NE~ YORK STATE DISCOUNT ON TWENTY YEAR ~ DEBENTURES MATURING APRIL 1 5P 19~2 DISCOUNT O~ TVENTY"FIV[ YEAR ~ DEBENTURES HATURING OCTOBER 1~, 1 9~ DIVIDEN~ SCRIP CERTIFICATES CONVERTIBLE INTO COHMO~ STOCK DIVIDEND CORRECTIOh ADJUSTHENT DIVIDENDS AND INTEREST EARNED DIVIDENDS PAID ON CO~qMON STOCK DIVIDENDS PAID ON PREFERRED STOCK DIVIDENDS RECEIVABLE DOUBTFUL ACCOUNTS AND BILLS ~#RITTEN OFF DOUBTFUL ACCOUNTS RECEIVABLE - CUSTOMERS DOUBTFUL ACCOUNTS RECEIVABLE " OTHERS DOUBTFUL BILLS AND HORTGAGES RECEIVABLE DUTY DRAWBACK AND COMMISSION THEREON PAYABLE TO OTHERS DUTY DRAWBACK CLAIMS DUTY DRAWBACK TO BE CLAIMED 3o0 2-7 32 2o~ 3~ 3~ 77 177 -i 78 m -92 362 363 28~ 283 26-30 97 70-7~ EARNED SURPLUS - CONSOLIDATED EARNINGS, RETAINED ELIMINATING AND ADJUSTING ENTRIES - CONSOLIDATED BALANCE SHEET - DECEMBER ~ 1~5+ ELIMINATING AND ADJUSTING ENTRIES - CONSOLIDATED STATEMENT Or INCOME FO~ THE YEAR 1~5~ EMPLOYEESI U~S, SAVINGS BONDS~ SERIE~ E~ PAY ROLL DEDUCTIONS TO BE DEPOSITEC, EXCESS OF NET PROCEEDS FROH SALE Or EO~4~ON STOCK OVER PAF VALUE EXPENSES ON DEOCNTUR£S SET UP FOP TAX PURPOSES F[DERAL EXCCSS PROFITS TAX FEOERAL INCOME TAX FEDERAL TAX CLAIMS F.I.A. FLOATER INSURANCE DEPOSIT FINISHED GOODS FIXED ASSETS AND INTANGIBLES LEASED FRO~ AM[RICAr, CIGARETTE AN~ CIGAR COMPA~ FLOOD LOSS - CIGARETTESD SHOKING~ ETC. FLO00 LOSS * CIGARS FOUR PER CENT BONDS Or CON$OLIDATEG TOBACCO COHPANY MATURING AUGUST 1, 1~ FOU~ P[R CENT BONDS MATURING AUGUST ~ 1~1 FRANCHISE AND INCOME TAXES * CIGARETTES, SMOKING~ ETC* FRANCHISE AND INCOME TAXCS " CIGARS (CoNTINU£D~ ~1"~01 0255350
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PAGE NUNBEF ~ISCAL 57 389-396 110-111 112 280 253 85 278-279 25~ -252 122-12~ 38~-385 32~ 26 353 221 ~7 7~ 72-73 33~ ~56-2~ 5; ~9-8o 33 03 SUPPLE" NENTARY ~ITLE GAS, WATER AND OTHER DEPOSITS GENERAL AND ADHINISTRATIV£ EXPENSE GENERAL rACTORY SUPPLIES GENERAL FACTORY SUPPLIES AT SUPPLIERS GOLDEN BELT ~NUFACTURING CO4~IPANT GROUP ACCIDENT AND HEALTH AND HOSPITAL EXPENSE INSURANCE PREMIUMS PAYABLE GROUP LIFE INSURANCE DEPOSIT UNDER RATE PRODUCTION FORMULA GROUR LIFE INSURANCE DIVIDEND GROUP LIFE INSURANCE PREMIUH5 PAYABLE HENRY CLAY AND SOCK & COMPANYw LIMI'rrc 75-79 8c 1 01-1 02 1 03 2-9 5~ 5~ 5~, 55 IMPROVEMENTS OF PRODUCTS EXPENSE IMPROVEMENTS TO LAND IMPROVEMENTS TO LtASEHOLD$ IMPROVEMENTS TO LEASENOLDS - RESERVE FOP |MPROVEHENT$ TO PROPERTY LEASED FROH, AMERICAN CIGARETTE AND CIGAR COMPANY INACTIVE EQUIPMENT EXPENSE " CIGARETTE5~ $MOKING~ ETC~ INACTIVE EQUIPMEF~T EXPENSE - CIGARS INACTIVE GENERAL FACTORY SUPPLIES INCENTIVE CONPENSATIO~ - OFFICIAL~ INCOME FROI~ BRANDS LEABEC INCOME STATEMENT - CIGAR ~ERARYMENT INCOME STATEMENT - CONSOLIDATED FOR THE YEAR 19~ INCO~IE TAX ON TAX'FREE COVENANT I~%~I~ERES~ PAID INCOME TAX PAYABLE ON TAX'FREE COVENANT INTEREST PAI~ INSURABLE VALUE OF MACHINERY AND EQUII~IENT ON LOAN FRO~ ~. ~lX & SONS~ LTD. INSURANCE CLAIMS - ACCUMULATED COSTS INSURANCE CO#4PANY CLAIMS INTEREST~ EXCHANGE AN~ DISCOUNT PAID I NTEREST~ EXCHANGE AND DIBCOUNT RECEIVr.£ INTEREST ON FOUR PER C£~T (~) BONDS INTEREST ON TAX CoI~rlNGENCIE$ RELATIVE TO PRIOR YEARS INTERESTO~ TWENTY YEA; ~ DEBENTURES MATURING APRIL 1~, ~962 INTERE$~OH TWENTY YEAR ~ DEBENTURES MATURING ~ANUARY ~, 1~ INTERES~De: T~ENTY-FIVE YEAF 3~ DEBENTURE5 MATURING OCTOS[~ 1~, 1969 INTERESTPAYABLE O~ FUNDE~ DES1 INTERESTRECEIVABLE |NTERNALREVENUE STAMP CLAIMS INTERNALREVENUE STAMPS - FINISHED GOOD5 INTERNALREVENUE TA~ - CIGARETTE BOOKS INV[STNENT$ " DIBPOSIT ION~, REALIZATIOk~ PROFIT AND LOS~ INVESTMENT5 - OTHE~ INVESTMENTS PARTLY O~NE¢ DOMESTIC SUBSIDIARIES INVESTMENTS PARTLY O~dNED FOREIGN SUBSIDIARIES INVESTMENTS IdHOLLT O~NED DOMESTIC SUBSIDIARIE~ INVESTMENT5 ~NOLLY O~tNE~ FOREIGN SUBSIDIARfE5 ITEMS IN SUSPENSE PAGE L Im~ (CONTINUED)
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137 ~33 ~3~ 25O 98 q25-~26 1 01 3~ 3~5 62-63 215-21 T 75 337 338 32"/ ; 79-181 _~o8-2t o 711 ~9 ~25 x26 g28-329 33o-33~ 50 FISCAL BINDER INDEX DECEHBER 31, 195~ SUPPLE- ~k8-I~9 LAND LEAr ADJUSTMENTS - CIGARETTESe SMOKINGp ETC. LEAF ADJUSTMENTS - CIGARS LEASED TRADE-MARKS, TRADE NAMES, GOOD V|LLp [TC. - CIGARS LEGAL EXPENSE LETTERS OF CR[DIT LOOSE CIGARS 12~-~ 25 ~IkCHINERY AND EOUIIII4ENT ON LOAN TO d, ~|X & 5ONS, LTD, ~dL~CHINERY AND EQUIPMENT ON STORAG[ MACHINERY AND EQUIPMENT - INVENTORIES JANUARY 1 AND DECEI48[R 3~, 1~, ACQUISITIONS~ DISPOSITIONS AND ACCRUED DERREC|ATIOh THEREON, REALIZATIO~ AND PROFIT AN~ LOSS ~JL~INT[NANCE OF QUALITY OF PRODUCTS [XP[NS[ ~PL[ SUGAR MERCHANDISE SALES# COST OF SALES, S[LLING AND ADVERTISING EXPENSES BEFORE AN~ AFTER YEAR END ADJUSTM£N'rs MILITARY SERVICE ALLO~/ANCE - CIGARETT[S~ SMOKING# ETC. MILITARY SERVICE ALLOWANCE " CIGARS MISCELLANEOUS ACCOUNTS RECEIVABLE MISCELLANEOUS ACCRUALS PAYABLE MISCELLANEOUS CLAIMS MISC[LLANEOUS PROFITS - CIGARETTESp BMOKINGp ETC. MISCELLANEOUS PROFITS - CIGARS MOVING EXPENSE MUTUAL FLOATER INSURANCE DEPOSIT 31 NET VALUE OF F|XED ASSETS AND INTANGISLES LEASED FROM AMERICAN CIGARETTE ANC CIGAR COMPANY NE~ YORK STATE DISABILITY BENEFITS~ INSURANCE PREHIU~ PROVISION AND ~ITHHOLDIRGS APPLICABLE TO RADIO AND T[LEVISIOH TALENT NOTES ACCOMPANYING FINANCIAL STATEMENTS NOTES PAYABLE TO BANKS NOTES PAYABL[ TO SUBSIDIARY AND AFFILIATED COMPANIES NOT¢S RECEIVABLE 126-1 z8 O~SOLETE NACHINE PARTS ~RITT£N OFF * CIGARETTES; SMOKING, ETC. OBSOLETE NAEHIN[ PARTS WRITTEN OFF - CIGARS OBSOLtrTE VRAPPING MATERIAL AND EXPENSES - CIGARETTES, SMOKINGD ETCo OBSOLETE ~APPING MATERIAL AND EXPENSES ° CIGARS OFFICE FURNITURE AND EQUII~4CNT OFFICE FURNITURE AND £QUII~IENT ON STORAGE OFFICE rURNITURE ANt> EQUIPMENT - RECAPITULATIO~ INVENTORIES JANUARY 1 AND DECEMB£P 31j I~I~AcQUISITIONS~ DISPOSITIONS AN~ ACCRUED DCPRECIATIO~ TNEREO~m REALIZATIO~ AN~' PROFIT AND LOSs (CONTINUED)
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FISCAL BINDER INDEX DECEHBER 31, 19~ P~Gr NVMB$¢ SUPPLE- : ,SEAL .C'~AR~ TITLE ............................. PAGZ6 ...... (CONTINUEOI 397-3~ 30~ 9O 86 173-17~ ~86 239-2~I 56 OFFicE SPACE AND EQUIt~qENT OFFSET TO AMOUNT AVAILABLE FOR DIVIDENDS UNDER SECTION ~ .0~ or INDENTURE DATED JANUARY 1, 19~. COVERING T~/ENTY YEAR ~ DEBENTURES DUE JANUARY 1, 196~ OFFBET TO CLAIMS DOUBTFUL Or COLLECTION ORFBET TO DUTY DRA~IBACK TO BE CLAIMEE ORFSET TO FIXED ASSETS LCASE~ rROH AMCRICA~ CIGARETTE AND CIGAR COMPANY OrFBET TO GROUP LIFE INSURANCE DEPOSIT UNDER RATE REDUCTION FORNULA OFFSET TO INSURABLE VALUE Or MACHINER" AND EQUIPMENT Oh LOAN rRo~ J* ~lX &SON$m LTB, OLD OUTSTANDING DHECX5 PAYABLE OTNCK $NVEBTM[t~TE 299 355 !o~ 95 : 96-I 98 99 -2oo 'ST .6": C r~ cL -71' 7C 5~ 137 8: 95-96 PAlE I~ SURPLUS PAIGK, JOHH C, CO~PA~Y FLOATER INSURANCE DEPOSIT PARTLY O~INEE ~O~ESTIC SUBSIDIARIES - INVESTM~NT~ IN PASSENGER AUTOMOBILEE PASSENGER AUTOMOBILEE " INVENTORIES JANUAR~ ~ AND ~CCEMBE~ 3~ ~1~ ACGUISITION~, BIB ROSlTtONS~ DERRCCIAT|C~ RCALIZATIO~ AN~ PROFIT AN~ LO~S POSTAGE POSTAGE STAMPS PREFERREE STOCK DIV|D[NG~ PAYABLE PREMIUM OR ~lSCOUN~ O~, TVENT~ YEAR 3% DEBENTURES MATURING APRIL ~, ~96~ PURCHASE[, OR CALLED FOR REDE~PTIOP~ PREMIU~ OR DISCOUNT O~ TtdCNTY-FIYE YEAR 3~ DEBENTURES MATURING OCTOBER I ~, 1~ PURCHASED OR DALLEE FOR REDEMPTIOn; PRERAIE A~VCRTISING PRERAIE CXPENBEE PRCRA|C FRE|GH~ AK~ SHIPPING EXPENSE - MANUFACTURED STCCt PRCPAIC INTEREST~ PREYlUk; ANE DISCOUNT PREPAID RE~T PREPA|B TAXES. PROr~ AN~ LDS~ or, DISPOSITIO~ or CAPITAL ABSETE PROrIT ANE, LOSS O~ REAL ESTATE AN[* BUILC'INGE, MACHINERY AN: EQUIRMENT~ orF|cE FURNITURE AN~ EQUIPt4CNT~ BALESME~Is AUTOMOBILCS~ PASSENGER AUTOMOBILE~ AI~ AL~O~OBILE TSUCK~, TRACTORS AND TRAILER~ PROFIT 0~, PALL HALt CIGARETTE~ BOLt TG AMCRICA~ CIGARETTE ANE C|G~P COMPAW~ PROVISION PROVlSIOH PROVISlO~ PROVISION PROV|BIO~ PROVISION PROVISION PROVISIO~ PROVIBIO~ PROVISIOn. PROVISIOn, PROVISIOn; FOP ADVERTISING ARRANGEM[HTE For DISPLAY ADVERTISING FOR DISRL~" INSTALLAYIO~ ANE SPACE ro~ DOUBTFU~ ACCOUNTS RECEIVABLE - CUSTOMER~ FOR DOUBTFU~ ACCOUNTS RECEIVABLE ° OTN£R~ FO~: DUTY, FREIGHt. ETC., ON NARLE SUGA~ FOR DUTY, ~REIGM~. ETC.. ON TONC~ BEANE FOR FEDERAL EXCESS PROrlT~ ~A> PAYA~L~ fOR FEDERAL INCOME TAX ~AYABL~ ~OR REDERA~ OLd. AGE BENEFIT TA~ - COMPANY" Co~rrRIBUTIO~ FOR ~EDERA. TAX GLAIM~ FOR FEDERAL UNEMPLOYMENT INSURANCE TA~ - COMRA~ CONTRIBUTIO~ {CONTINUED ~l" ~0"I 0255353
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FISCAL BlI~I3ER I~)[x PAGf NUNBEF , SUPPLE" ~E~TARY DECEMBER 31, 1951 T 'TLE FAat _7 12~-126 32 76 261 260 26~ 265-266 2(~-2To 25~ 262-263 ~35 95-96 95-96 ~L-9o 91-9~ 83 P {CONTINUEE~ PROVISION FOR LOSS ON ANOUNTS RECEIVABLE FPC~ 5OCIETE ANONYNE DE~ PAPETERIE~ DE MAUDUIT PROVISION ro~ LOSS Of INVESTMENTS IN PARTL~ O~NE~ FOREIG~ SUBSIDIAPIE~ PROVISION FOR LOSS O~ INVESTHENTS IN VNCLLY OWNED FOREIGn SUBSIDIARIES PROVISION FOR MISCELLANEOUS CLAIMS F~OYISION FOR NEWSPAPER ANC HAGAZINE AD%'E~TISING PREPARATIO~ PROVISION FOR HE--PAPER AND NAGAZ INS ADVERTISING SPACE PROVISIOk FOR PAINT AND DILLPOSTING PROVISION FOR RADIO AND TELEVISION ADVERTISING PROVISION FOR RETIREMENT BENEFITS PROVISION FOP SDHEHES AND DEALS PROVISION FOR STATE SICKNESS COHPENSATIOk TAX " CO~PAN~ CONTRIBUT IO~ PROVISION FO~ STATE UNEMPLOYMENT INSURANCE TA~ " CO~IPANY C O4~RIBUTIO~ PROVISION FOR SUNDRY ADVERTISING PROVISION FO~ TAX CO~TINGENCIES RELATIVE TO PRIOR YEARS AN~ INTEREST THEREO~ PROVISION FOR TAXES PAYABLE PROVISION FOP VACATIO~s HOLIDAY AND RELATEC SHUTDOWN EXPENSE PROXYp NOTICE OF NESTING AND PROXY STATENENT 323 ~?-22 23-z5 218 ~5 6,~ -I 63 5~'~ 6C 66-I 67 6c~ 65 76 36 "7~-275 5~ oc 3~ o7-~ 23 E RAILROAD SPUP - DURNA~ NORTH CAROLINA ~EAL ESTATE AND BUILDINGS - RECAPITULATIO~ - INVENTORIES dAN~AP~ 1 AND DECENBEK 3~, I~I,AcQUISITION$~ DISPOSITIONS AND ACCRUEC OEPRECIATIO~ THEREON~ REALIZATION AND PROFIT AND LOSS RECLASSIFICATION ENTRIES " BALANCE SHELl " DECEMBER 31, 19~! RECLASSIFICATION ENTRIES - STATEMENT Or INCO~IE FOR THE YEAR 1~5~ ~[FUND~ AND ADJUSTXENT£ Or FEDERAL AN~ STATE TAXES Or PRiOr YEAR£~ ~ITH INTEREST THEBEO~ LESS RELATEC EXPENSES REGISTERED HAIL AND PARCEL POST INSURANCE PRENIU~S PAYABLE REPORT, ANNUAL RESERVE FOR ACORUE~ ALLO~dANCES UNDER DUA~IT~ PURCHASE CO~RACTS RESERVE FOR AHORTIZATION Of IMIINqovEMENTS TO PROPERTY LEASEC FRO~. AMERICA~ CIGARETTE AND CIGAR COMPANY RESERVE FOR CASH DISCOUntS RESERVE FOR DEPRECIATION Or AUTOMOBILE TRUCKS~ TRACTORS Aw~ TRAILERS RESERVE rob DEPRECIATION Or BUILDINGS AND BUILDING FIXTURES RESERVE FOR DEPRECIATION Or IMPROVENCNTS TO LAND RESERVE FOR DEPRECIATION OF NACNIN[R~ AND EQUII~4ENT RESERVE FOR DEPRECIATION Or OFFIC~ PURklTURE AND EQUIPMENT RESERVE FOR DEPRECIATIO~ Or PASSENGER AUTO~OSILES RESERVE FOR DEPRECIATION OF SALESMENIS AU~OPOI~ILES RESERVE FOR DEPRECIATIO~ RECORDED ON BOOKS OF ANERICA~ CIGARETTE AND CIGAF COHPANY rOB TAX PURPOSES SINCE JANUARY 1, 19~20~ rlxt~ ASSETS LEASED RESERVE FOR DEPRECIATION TO DECEHBER 31~ 1931 ON CURRENT VALUE Or FIXED ASSETS LEASED FRO~. AF4ERICA~ CIGARETTE AND ClGAP COMPANY RESERVE FOR DOUBTFUL BILLS AN~ HORTGAGES RECEIVABLE RESERVE FOR EHPLOYERIs LIABILITY INSURANCE RESERVE FOR IMPROVENENTS TO LEASENOLDS RESERVE FOR REPAIR CONSTRUCTION RETAINED EARNING~ ROVALT~ INCOME (CONTINUED) RT)~O 1 02553 54-
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FISCAL BINDEE INDEX DECEMBE~ 31, 19~I . pAe¢ NU.~ER SUPPLE- ~|$[AL N[NTARY TITLE 399 223 'OC. 305 311;-316 31 ?-318 3o7-310 311-313 :I5 127-I 28 129-130 13~ 25-126 25-126 ~OOo~OI '211i ,0..~2 336 129-~ 32 26-30 SALARIES AND TAXES SALES AND USE TAXES PAYABLE SAL[SHEHIs AUTOMO61L[S SALESM[NIS AtrrOMO4BIL[S - R[CAPITULATIO~ - INVENTORIES ~ANUARY I AND DECEMBER ~1 m 19~*ACQUISITIONS, OISPOSITIO~Sj DEPR[CIATIO~p REALIZATIO~ AN~ PROFIT AN~ LOSS SALESME~Is RETURNED GOOO~ SALCS TO CUSTOHERS " LEAF SALVAGE AND EXPENSE - GOODS REWORKEDw DESTROYEDp ETC* - CIGARETTESm SHOKING~ ET[* SALVAGE AND EXPENSE " GOODS RE~ORKED • O[$TROYEDp ETC * " CIGARS SALVAGE AND EXPENSE - RETURNED GOODS - ClGARETTESj SHOKING, ETC* ~ALVAG[ ANt) EXPENSE - RETURNED GOODS " CIGARS SHIFNEN~S IN 1RANSI7 SINKING FUND CASH I~ HANDS or TRUST[[ " 20 YEAR ~ DEBENTURES MATURING APRIL 1~, 1962 SINKING FUND CASH IN HANDS Of TRUSTEE " TWENTY-FIVE YEAR ~ DEBENTURES MATURING OCTOSER 15, 1969 SINKING ~UND CASH I~ HANDS or TRUSTEE - TVENTY YEAR ~ DEBENTURES MATURING JANUARY I, 196~ SIX PER DENT BONDS MATURING OCTOBER 1~ 19h~ SO¢I[T[ ANONYME DES PAPET[RIES DE ~UOUIT SOCI~TE ANONTME DES PAPETERIES DE MAUIDUIT LOA~ ACCOUNT ~TAT[M[NT OF INCOME~ ¢ONSOLIOATE~ STATIONERY AND PRINTING STOCKS AND BONDS - TRANSFER EXPENSE SUNDRY ACCOUNTS PAYABLE SUNDRY ACCOUNTS RECEIVABLE SUNDRY UNCLAIMED PAYABLE ADCOUNT~ SURPLUS~ EARNED -CONSOLIOAT[~ ?~9-35o .16 ,o9-~1o 03 .o2-4o~ ,; -T -~, 1-1;12 :8~ -28~ 85, "93 ¢)o-z9~ '92 33-I 36 TAX CONTINGENCIES RELATIVE TO PRIOR YEARS - ClGARETT[$~ SNOKING~ ETC. TAX CONTINGENCIES RELATIVE TO PRIOR YEARS - CIGARS TAX STA~PS -- OTHER TAXES YC BE DISTRIBUTED T[LEPNON~ AND T[L[GRAP~ TONC~ BEAN[ ~RA~E~MARK AND PATEN~ EXPENSE ~RANSFER EXPENSE STOCKS AN~ BOND~ 1RAVELING EXPENSE TRANSPORTATION CLAIMS TREASURY STOC~ 1RENTON EMERGENCY OFFICE EXPENS~ TRUCKS, AUTOMOBIL[5 - TRACTOR~ AND TRAILERS - INVENTORIES ~&NUAR7 ~ AN~ ~[CEMBER ~1, 19~ACQUISITIONS~ DISPOSITIONS~ OEPRECIATIO~ REALIZATIO~ AN~ PROFIT AND LOSS T~ENT~ YEAR 3~ DEBENTURES MATURING APRIL 1~, 196~ 7WENTW YEAR 3~ DEBENTURES MATURING APRIL 1 ~, 1 ~62 REACOUIRE¢ TWENTY TEAR 3.~ DEBENTURES MATURING JANUAR~ ~, 19~ T~ENT~-FIVE yEAR 3~ DEBENTURES MATURING OCTOBER 1~, 196S TWENTY-rIVE y[AR 3~ DEBENTURES MATURING OCTOBER 1~, 1969 REACQUIREG (CONY I NUED
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99 05 lo6 UNABSORBED EXPENSES " CIGARETTES, SMOKINGj [TC* UNABSORBED [XPCNSE$ ° CIGARS UNCLAIN¢D CREDITS PAYABLE UNCLAIN[D WAGES PAYABLE UNCOLLECTIBLE CLAINS UNDISTRIBUTED EXPENSE * ClGARETTESp SNOK|NGp ETC* UNDISTPIBUT£D EXPENSE " ClGAR~ UN[XPIRED |NSURANC[ UNITCO STATES SAVINGS BOND5~ S[R1¢$ [, CASH UNIT[D STATES SAVINGS BONDS, SERIES Ew CASH - OFFSET ACCOUN'r UNITED STATES SAVINGS BONDS, SERIES [~ PAY POLL DEDUCTIONS TO B[ D[POSIT[~ * [NPLOY[ES! UNSALAB~[ FINISHED GOODS 99-; oc VACANT PROPERTY EXPELS[ - CIGAR[TTES~ SNOKING~ [TO. VACANT PROPERTY EXP[~SE - CIGARS 53 55 ~HOLLY O~/N[D DOMESTIC SUBSIDIARIES - INVEBTN[NTS ~HO~L~ CLONED FORCIG~ StJ~SIDIARIES - INVESTM£NTS ~RAPPING ~ATERIAL ~RAPP|NG MATERIAL AT SUPPLIERS T ~0 "1 02~5356
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PA~ 1~'~4pCR SUmPLE- FISCAL HI:NTAR~ 2T 28 29 30 31 32 33 3~ -3T 38 39 ~3.~ ~5 ~6 ~7-56 57 58 59 60-61 62 -63 6~ 65 66-71 72 -73 7~ 75 76 77 78 79-80 8~-85 86 87 88-8~. 9o 9~ -92 93 -9~ 95 -c)6 9~ 99 loc. 1 C~. 1 02 1 c.L • lc'.~ 1 o( '~ c'7 I(;E; 1 oc, 11C.°11 ~ FISCAL BINDER INDEX DECEMBER 31 , 19~ ACCOUN~ NUMBER ANE, ~ITLE 5E 1OA10 - CASH I~ SANK~ lOA~O - CAS~ O~ HAN~ lOA.¢)O - CASH IN TRANS|T 1OA~ - ~NITED STATES SAVINGS SONDS~ SERIES ~# CASH lOA?~ - UNITED STATES SAVINGS SONOS~ SERIES E~ CASH - o~rSET ACCOUI~r 1OA77 - [MRLOYEESI UaS, SAVINGS BONDS~ SERIES E# RAY ROLL DEDUCTIONS TO BE OEPOSITE~ 15A15 * RESERVE for CASH DISCOUNTS I~A30 - DOUBTFUL ACCOUNTS RECEIVASL[ * CUSTOMERS t.~)A3~ - PROVISION FOR DOUBTFUL ACCOUNT5 RECEIVABLE - CUSTOMERS 2OA10 - NOTES REEEIVAIL[ L>OA20 - SUNDRY ACCOUNTS RECEIVABLE 20A30 - ACCOUNTS RECEIVABLE - o~rFICER$ AND EMPLOYE[S 20A35 - DOUBTFUL ACCOUNTS RECEIVABLE ° OTHERS 20~36 - PROVISION fOR OOUBTYU; ACCOUNTS RECEIVABLE - OTHER~ 2OA~O - ADVANCES TO SALESMEk 2OA6~ - GAS. WATER AND OTHER DEPOSITS 21A10 - DIVIDENDS RECEIVABLE 21A2~ - INTEREST RECE|VABLE 21A30 ° DEPOSITS RECOVERABLE FRO~ INSURANCE COMPANIES 21A35 - MISCELLANEOUS ACCOUNT~ RECEIVABLE 21A~0 - ACCRUED ALLOWANCES UN~E¢ OUANTITW PURCHASE CONTRACTS 21A~2 - RESERVE fOR ACCRUE~ ALLOWANCES UNDER QUANTITY PURCHASE CONTRACTS 21A~ - TRANSPORTATION CLAIMS 21A~ - INSURANCE COMPANY CLA|N~ 2;A57 - INSURANCE CLAIMS - ACCU~ULATEC COSTS 21A60 - ~ISCELLANEOUS CLAIm 21A62 - I~ROV|SION FOR NISCELLANEOUS CLAIMS 21A70 - FEDERAL TAX CLAIMS 21A72 - PROVISION FOR FEDERAL TAX CLAIMS 21A~ - INTERNAL REVENUE STAMP CLAIMS 21A90 - DUTY DRAb/BACK CLAIMS 21A92 - DU~Y ORA~BACK TO BE CLAIME~ 21A~3 - OCYSET TO DUTY ORA~/BAC~ TO B£ CLAIMED 21A~ - DUTY ORA~ACK AND CO@4MISSIO~ THEREOf; RATABLE TO OTHERS 21A9~ - CLAIMS OOUSTYUL Or COLLECTIOh 21A9~ - Orrsc~ TO CLAIMS DOUBTrU~ Or COLLECTIO~ 27A10 - FINISHED GOOOS 27A1~ - INTERNAL REVENUE STAMP~ * FINISHE~ GOODS 2~A~ - COMMISSIO~ ON LEAr RURCNASE~ APPLICABLE TO FINISHE~ OOOO~ 27~3~ - CUGAmrT~[ BOOKS ~?A~ - INTERNAL REVENUE TAX - CIGARETTE BOOKS 27A~, - LOOs~ CIGAR~ 27A8~ - UNSALABLE FINISHED GOODS 27A~ - SALESMENIB RETURNED GOO~ 35A~ - I,~RkC su~R 3r)A~ - PROVISIOh FOR OUT~ YREIGHT, ETC. O~ MAFL[ SUGAR 3~A~ - PROVlSlOt, rO~ DUTY, fREIGHT, ETC. Oh VONC~ OEAN~ 3~r~C~ " ~RAPPING MATERIAL 3~A~ - ~RAPPlkC MATERIAl AT SUePLIER~ 3~6~ - Cl~R BOXES ~A6~ - CIGAR BOXE~ " BILLINGS IN SUSPENSE 36~33 - TA~ STA.R: - O~XE~. 36A~C~ - GENERAL rACTCR~ SURmLIC~ ~6A6~ - GENERAL FACTORY SUPPLIE~ AT SUPPLIER~ 3bA6~ - INACTIVE GENERAL fACTO;" SUPPLIE: {CONTINUER"
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~i~r FISCAL BINDER INDEX DECEHBER 31, 1951 P~Fz Nu.p~ SUPPLr - ACCOUNT ~UNBER FISCAI. 141" NTARY AN~; TITLS PAGE 11~ 116-12C 121 122-12L 125-I 26 1 ~5-126 125-I 26 1 ~7-128 129-13c 131 ~32 ~33 135 136 138-I hz 15~ 53 15L 155-I 159-I 161 162 -163 16h-165 166.167 53 5~ 55 56 5~ -6~. 63 -6~ 65 -69 65-~ 65 -69 36~70 - POSTAGE SYANP5 36A99 - S.IP.C~s IN TRAN~I~ ~OASO - AMERICAN CIGARETTE AN~ CIGAR COMPANY ~0A51 - AHERICAN CIGARETTE AflC CIGAR COMPANY - SPECIAL ACCOUNT ~0A53 - HENRY CLAY ANO BOC~ ~ CO~IPAN~p LIHITE£ ~llC - SOCIETC ANONYMC 0[$ PAPETSRIES DE HAUDUIT ~AI~ - SOCICTE ANONYM[ DES PAPETERI£S O[ k~UDUIT LOA~ ACCOUNT h~Al? - PROVISIO~ FOR LOSS Or, AHOUNTS RECEIVABLE rRO~: 5OC1£T[ ANODYNE DES PAPCT£RIES DE WLI, UOUI7 ~1C -- SICKING FUND CASH IN NAN~ Or TRUSTEE - ~C YEA~ 3~ DEBENTURES MATURING APRIL 15, 1962 ~8A1~ - SINKING FUND CASM IN HANDS Or TRUSTEE " T~ENTY'FIV[ YCAF ~ DESENTUR¢S MATURING OCTOBSP 15, 1969 ~20 -- SINKING fUND CASH Ih HANDS Or TRUSTEE - T~'EWTY YEA~ 3% D£e[~TURE$ MATURING JANUARY 1, 1Q~) 5GALE - INVESTMEtCTS ~4HOLLY O~tNE~ DO~IESTI¢ SUBSIDIARIES ~2AI0 - |NVESTHENTS PARTLY OWNE~ DOHESTIC SUBSIDIARIES ~A1C - |NVESTNENT$ WHOLL~ O14N£~ FOREIGN SUBSIDIARIES ~AI~ * PROVISION roR LOSS ON INVeSTmENTS IN ~HOLL~ O~NCC ?OREIG~ SU~SIDIARIE~ 56A1C - INVESTMENTS PARTLY OWN[¢ ROREIG~ SUBSIDIARIES ~1~ - PROVISION fOR LOSS Or INVCSTMEWt'S I~ RAPTLY O~/NS~ fOREIGn, SUBSIDIARIES .~t~O - |NYESTMENTS - OTHER ~(~10 - ~ILLS AN~ MORTGAGES RECEIVASL[ 60A~O - DOUBTFUL SILLS AND MORTGAGES RECEIVABLS I~IA3~ * RESE~VS FOR DOUBTFUL BILLS AND MORTGAGES RECSIVAEL[ 6~10 - LANO 65A~ " AMS~ICAN CIGARETTE AN£ CIGAR COMPANY LEASES PROPERTY PURC~ASE~ AN~ SOL~ ACCOUNt 6~A~ - IMPROV[MENT$ TO PROPERTY LE~SEt FRCW AMERICA~ CI~RCTTS AkC Cf¢,,~m COHPANY 6~3e - IMPROvEmENTS TO ~NS 65A~5 - BUILDINGS AND BUILDING TIXTURSS 65A~~ - MACHINERY AND [QUIPt4,ENT O~ STORAGE 6~56 " INSURABLE VALUS OF HAE~INCR~ AN~, SQUIPI<,E~~ Oh LOA~ FRO~" ~. ~IX & SONS, LTD, 6~ - O~rFsET TO INSURABLE ~AL~C Or MACHINERY ARC[; E~UIP~EKT O~ LEA' rRo~ J. WIX & SONS, LT~, 65A~ - HACHINERY AND [QUIPHEk-- O~, LOAF TO ~, ~lX ~ SONS, LTC, 65A65 - 0Eric[ fURNITURE AN£' EQUIPMENT 65A?0 - OFFICE PURNITURE AND EQUIPMENT O~ STORAGE 65A~ - SALESMEn'S AtrrOMO~ILCS 65A85 - PASStNGE~ AUTOMOO,LE~ (mgl.15 * CONSTaUCYIC~ 66A20 - RESERV[ FoP REPAIR CONSTRUCTIOt, 66~3o - ASSETS CAPITALIZ[O rot RESORt 66A35 " ASSSTS CAPITALIZEC rO~ OEPRECIATIO~ ~O - DE~ERREO DEPRECIATION ON ASSETS CA~ITALIZE~ PO~ OSPRECIATIO~ 66A~5 - D[PRECIATIO~ ALLO%/ED O~ ASSETS CAPITALIZES rO~ DEPR~CIATIO~ ?OA~0 - RSSCR¥£ PO~ DEPREC|ATIO~ OF I~I~ROVS~ERT5 TO LAN~ ~0~21 -- RESERVE POP A~O~TIZATIO~ Or IMPROVEMENTS TO PRORERT~ LCASS~ ~RO~" AJ~SRICAN CIGARETTE AN~ CIGAR COt4PANY ~OA~5 " RSSERV[ FOR DCPRECIATIO~ Or BUILDINGS AN~ S~ILDINC fIXTURE! 70A~0 - RESERVE FOR DEPRECIATIOn, Or WACNINCRY AN~ ~OUIPHS~ 70A~O " R[SERY[ FOR DEPR[CIA710~, Or orrl¢[ rUR~ITU~[ A~,~ EOUIP~[t:" (CONTINU¢~J T 1 025535B
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! i;./ i/¸ if" SUPPLE- FISCAL ME~TAR~ 169 171 -~ 72 173-17L ~75 176 177-17~ 179-I 81 182 -i 8z 185 195 196-I 9.~ 19~.2oc 201 202 203 2o~ 2oC 2o7 2tl 21~ 21L 218 22C. 221 22~ 22°.. 22~ FISCAL BINDE~ INDEX DECEM~R ~10 lo51 ACCOUNT NUf*4BER AN~ TITLE 7~-79 8c 70A75 70A~' 7OA90 75A]o 7~A1~ 75A20 75A75 80A10 8OA2C, 8OA3~ 8OA3~ 8OA3~ 80~c 80Ah5 8OA5C ~OA55 8OAGC 8OAG5 8OA70 8OA~C 8OA8.= 8OA93 81A1~ 81AI 81A2G 85A~ C, IOL1C, 10L2C, 20LI 1 20L1 20L1 20L1 ~; 20L2~ 2OL2~ 20L2~ 20L2~ 20L~C, 20L~ 20L~7 - RESERVE FOR DEPR[CIATIO~ Or SALES~Ekt~ AUTO~.O4EILE$ - RESERVE fO~ CEPR[CIATIOt, Or PASSENGER AUTOMOBILES " RESERVE rD~ DEPRECiATIO~ O~ AUTOHOOILE TRUCKS, TRACTORS AND TRAILERS - FIXE¢ ASSETS AND INTANGIBLES LEASEC fHOW AMERICAN CIGARETTE AND C I~R CO~IRANY - RESERVE ROK DEPRECIATIOI; TO DECEHBER ~1~ I q~1 O~ CURREhT VALUE or FIXEC A$$ET~ LEASED FROW AMERICAN CIGARETTE ANC CIGAR COMRAN~ - NET VALUE Of FIXED ASSET~ AND INTANGIBLES LEASED FRO~ AMERICAN CIGARETTE AND CIGAR COt'.PANT - OFFSET TO FIXEC ASSETS LEAS~ FRO~! AMERICA~ CIGARETTE AN~ CIGAR COMPANY - ~[PRECIAT$O~ RECORDED ON BOORS Or AMERICAk CIGARETTE AND CIGAR COMPANY FOR TAX PURPOSES SINCE JANUARY 1, 1~2 ON rlXEO ASSETS LEASED " RESERVE FOR OEPRECIAT|ON RECORDED O~ BOOKS Of AMERICAN CIGARETTE AND CIGAR COMPANY FO~ TA~ PURPOSES SINCE JANUARY 1~ 1932 ON fIXED ASSETS LEASED - r.I.p. FLOATER INSURANCE DEPOSIT " MUTUAL FLOATER INSURANCE DEPOSIT - JOHN C, PAIGE COMPAN~ FLOATER INSURANCE DEPOSIT - GROUP LIFE INSURANCE DEPOSIT U~DER RATE REOUCTIO~ FORMULA * OFrsE" TO GROU~ LIFC INSURANCE DEPOSIT UNDER RATE REDUCTIOn, FORMULA - UNEXPIRED INSURANCE - PREPAID ADVERTISING - PREPAID EXPENSES - PREPAID I I~rERESTo PREM|UM AND DISCOUNT - PREPAID RENT - PREPAID TAXES - ADVANCES FOR TRAVELING EXPENSE - PRCPAI~ FREIGHT AND SHIPPING EXPENSE -- MANUFACTURED STOCK - IMPROVEMENTS TO LEASEHOLO$ - RE$CmvE FOR IMPROVEMENTS TO LEASEHOLD5 - ITEMS I~ SUBPENSE * EXPENSES O~ DEB£NTUR~S SET UP FOR TAX PURPOS[S - ~EFCRRED AMORTIZATIO~ Of EXPENSES O~ DEBENTURES SET UP FOP TA~ PURPOSES - AMORTIZATIO~ OF [XPENSE~ OH DEBENTURES ALLOttED FOR TAX PURPOSES - BI~AN~$~ TRADE"NARKS° GOOD ~ILLo CT CETERA - NOTES PAYABLE TO BANKS - NOTES PAYABLE TO SUBSIDIARY AND AFFILIATED COMPANIES " ACCOUNTS PAYABLE " SALESMENIS EXPCNSE ACCOUNTS - ACCOUNTS PAYASLC - ACCRUCC PAT ROLL - ~UNOR~ ACCOUNTS PAYABLF - ~ISC[LLANEOUS ACCRUALS PAYABLE " REGISTERED MAIL AND PARCEL POST INSURANCE I~REMIU~PAYADLE - ACCOUNT~ PAYABLE - tNCO~E TAXE~ ~ITHNELC FRO~ NONRESIDEN" ALIENS OR FOREIGN CORPORATIONS - AMOUNT~ RAYAOLE TO FOREIGN STOCKNOLOER~ " WITHHELD UNDER Uo S* ~REASUPY DEPARTMENT BEGUL~TION~ - INCON~ TAF PAYABLE ON TAX-FREE COVENA~:T INTEREST PAID - ACCOUNTS PAYABLE - CITYI STATE AN~ NATIONAL TAX ~ITMHEL~ * SALES AND USE TAXES PATABLC - ACCOUNTS PAYABLE " STATE UNEMPLOYMENt" INSURANCE TAX - EMPLOYEESI CONTRIBUTIONS (CONTINUED~
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FISCAL BINDER INDEX PAGe N~'4B~ SUPPLE- FISCAL NENTARY 225 226 227 228 229 23O 231-235 236 z37 238 239-2~I 24z-2h~ 2hS-2h6 2~7 2h8 2h9 250 25~ -~52 253 255 2.56-2~ ~p8 z59 260 26~ 262-263 zG~ 267 268 -27C Z7~ -275 276 z77 20L35 - 20L39 - 20L50 - 20L60 - 2OL63 - 20L65 - 20L70 - 20L73 - 20L75 - 20L78 - 20L~ - 20L87 - 20L90 - 20L92 - 20L9~ - 20L96 - 2OL97 * 30L1 0 - 30L20 - ~0L10 - ~,OL3e - 81 50L2O - ~OL22 - 50L2]~ - ~0L26 - 5OL~8 - 5OL30 - 50L32 - .50L3h - 82 50L36 - 83 5OL~C - 5OL55 - 50L60 - ~:) L (:~ - 50L7h - 8~-90 5OL75 - 91-91; 5OL7~ - 95-96 50L8C - ACCOUNTS PAYABLE o FEDERAL OLD AGE BENEFI" TAX " EMPLOYEESI CDhrrRIBUTION ACCOUNTS PATABL[ - STATE SIC KNESS COMP[IISATIO~ TAX - EMPLOYEES i CONTRIBUTION ACCOUntS PAYABLE - FEDERAL TAXES VITHHELE rRO~ EMPLOYEES NEW YORK STATE DISABILITY BENEFITS ~ INSURANCE PREMIU~ PROVISIOK~ ANC WIYHHOLDINOS APPLICABLE TO RADIO AN~ T[LEVISION TALENT ACCOUNTS PAYABLE - HOSPITAL SERVICE INSURANCE PREHIUM5 DEDUCTED rRO~ EMPLOYEESI SALARIE~ AND ~AOES ACCOUNTS PAYABLE TO [NPLOYEES UNCLAIMED WAGES PAYABLE ACCOUNT PAYABLE TO BRITISH AMERICA~ TOBACCO COMPAN~ I LIMITED FOR EXPORT SHIPPING ARRANGEMENTS ACCOUNTS PAYABLE FOR SCRIP AND INTERES• Ok SCRIP, STOC~ CERTIFICATES AND 7~ GOLD NOTES CASH ON DEPOSIT ~ITH GUARANTY ~RUST COHPANV O~ NEW YORK rO~ pAYMENT O~ SCRIP AND INTEREST ON SCRIP, STOCK CERTIFICATES AND ~ GOLD NOTES OLD OUTSTANDING CHECKS PAYABLE UNCLAIMED CREDITS PAYABLE ACCRUED CIGAR MACHINE ROYALTY PAYABLE CONTINGENT LIABILITY ON NOTES GUARANTEED DEBTORS LIABILITY ON NOTES GUARAHTEEC CONTINGENT LIABILITY U~ER LETTERS or CREDIT LETTERS OF CREDIT GROUP LI~[ INSURANCE PREHIUM5 PAYABLE GROUP ACCIDENT AND HEALTH AND HOSPITAL EXPENSE INSURANCE R~EMIUH$ PAYABLE PREFERRED BTO~K DIVIDENDS PAYABLE COMMON STOCK DIVIOCND~ PAYABLE INTEREST PAYABLE ON FUNDED DEBT CASH O~ DEPOSIT FOR PAYMENT Or INTEREST O?, BOND~ PROVISION FOR ADVERTISING ARRANGEMENT5 PROVISION FOR SCHEMES AND DEALS PROVISION FOR NE~P~PAPER AND MAGAZINE ADVERTISING SPACE PROVISION FOR H~SPAPER AND MAGAZINE ADVERTISING PREPARATIOI. PROVIBIO~ FOR SUNDRY ADVERTISING PROVISION FOR PAINT AND BILLPOSTING PROVISIO~ FOR RADIO ANC TELEVISIO~ ADVERTISING PROVISION ~OR DISPLAY ADVERTISING PROVISIO~ FOR DISPLAY INSTALLATION AND SPACE PROVISIO~ FOR VACATIO~ HOL~AY AND RELATES SHUTDO~/N EXPENSE PROVISIO~ FOR RETIREMENT BENEFIT~ RESERVE FOR EMPLOYERIS LIABILIT~ INSURA~:C PROVISION FOP FEDERAL INCOME TAX PAYABLE PROVISIO~ rO~ FEDERAL EXCESS PROFIT5 TA> PAYABLE PROVISIO~ FOR TAX CONTINGENCIE~ RELATIV~ TC PI~IOF YEAR~ A~[. INTEREST THEREO~ PROVISION tO; TAXES PAYABLE PROVISIO~ rO~ STATE UNEMPLOYMENT INSURANCE TA>: - COMPANY CO~IrRIB~rlO~ 9~-~)6 ~0L81 - PROVISIO~ ro~ FEDERAL UNEMPLOYMENT INSURANCE TA~ - ¢OMPAN~ Cok~rRIBUT|O~ li" - PROVISION FOR FEDERAL OLD AGE BENEFIT TA> - COMPANY CONI"mlBUYIO~ 95-96 50L85 !~: 95-96 ~OL~ * PROVISION FOR STATE SICKNESS CONPENSATIO,, TA~ - COMPANY CONTRIBUYIO~ I~:~: 278-279 50L96 -- GROU" Life INSURANCE DIVIDEN~ ~1 280 ~L~ - GOLDEn: 8£tY ~ANUrACTURING COMPAN~ (CO~INUEO! RTN01 0255360
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PAGE NUMBER SUPPLE° NENTARY ACCOUNT NUMBER AND TITLE 28: 282 2~ 28~ 285 289 29c -29: 292 293 29~ 295-29E 292 -29~ 29?, ~gT 29~ 299 30C 3°`, 3O2 303 3oL 305 3o~ 3o7-31 c 311-313 31 ~-316 ~17-3t E 32c 32~ .-. 3ZT 32~-3z~ 97 9~ ~-~oc 1 01-1 O2 lo3 60L30 - Six PER cr.~ BONDS MATURING OCTOBER ~, 19~ 60L~1 - CASH Oh D[POSIT WlT~ TRUSTEE fO~ REDEMPTIOf~ 0w SIX PC~ CEW° BOND~ WNIC~ MATURED OCTOBER Ip 19~ 0OL~O - FOUR PER CENT BONDS MATURING AUGUST 1, 1~C~ 00L50 - FOUR PER CENT BOND5 Or CONSOLIDATED TOBACCO COMPANY HATURING AUGUST I, 1951 ~0L51 - CASH OH DEPOSIT WITH TRUSTEE FOR REDEMPTIO~ OF FOUR PER CEN° SOf~>s WHICH MATURED AUGUST 1, 1951 60L~ - TwE~r~Y YEAR ~ DEBENTURES MATURING APRI~ 1~, 1962 60L65 * TWENTY YEAR 3~ DEBENTURES MAYUR|NG ARRI~ 1~ 19~2 REACQUIRE~ 60L70 - TWENTY-rIVE YEAR 3~ DEBENTURES MATURING OCTOSER ~5, 1967 0OL~ - TWENTY-FIVE YEAR ~ DEBENTURES MATURING OCTOPI& 1~. 1969 REACOUIRED 6OL~ * TWENTY YEAR ~ DEBENTURES MATURING JANUAR~ 1, 17(:~ 65L10 - DIVIDEND SCRIP CERTIFIC*T[$ CONVERTIBLE INTO COMMON STOC~ 9OL30 - CAR|TAL STOCK - COMMOk * AUTHORIZED 90L35 - CAPITAL STOCK - COHMO~ - UNISSUED ~L~0 - CAPITAL ~TOCK " RREFERREC - AUTHORIZED ~0L65 - CAPITA~ STOCK - PREFERRED - UNISSUED ~L1C - TREASURY STOCK 96L10 * PAI~ IN SURPLUS 97LLC - RETAINED EARNINGS 97Lll - [x¢[s$ Or NET PROCEEDS FRO~ SA~E oF COI4dON STOCK OVER PAR VALUE 97L13 - DIVIDENDS RAID ON CONdOR STOC~ 651.2 66~ .1 665 66~ 667.~ 667.~ 668.1 668.2 669 670 671 .~ 67~ .~ 67~ 67~.I 67~.~ 97L18 - DIVIDENDS PAID ON RRErERRED STO¢~ 97L80 - AMOUNT AVAILABLE fOR DIVIDENDS UNDER SECTION ~.~ Or INDENTURE DATE~ JANUARY 1~ 19~m COVERING TWENTY YEAR 3~ DEBENTUR[~ DUE JANUARY 1, 19(~, 97L81 - OFFSET TO AMOUNT AVAILABLE FOR DIVIDENDS UNDER SECTION ~*0~ OF INDENTURE DATED JANUARY I, I 9~ COVERING "r~ENTY YEAR 35 DEBENTURES DUE JANUARY 1, 19~ ~D.~ - SALES TO CUSTOMERS " LEA" 610.~ - COST Or SALES - LEAr ~50.I " ~ALVAG[ AND EXPENSE - RETURNED GOODS " CIGARETTES, SMOKING, ETE* ~Ot~ " ~ALVAGE AND EXPENSE - RETURNED GOOD5 " CIGARS 651,I - SALVAGE AND EXPEND[ - GOODS RE~ORKED~ DESTROYED~ ETC. - CIGARETTES~ S~OKING, ET¢. " ~ALVAGE AND EXPENSE - GOOO~ REWORKED~ DESTROYED. ETC * - CIGARS - COM4qISSiON ON LEAF PURCHASES APPLICABLE TO MANUFACTURED STOC~ SOLD " CIGARETTES~ SMOKING, ETC* 66~.2 - COMMISSION ON LEAr PURCHASES APPLICABLE TO MANUFACTURED $TOCF SOL~ - CIGARS - ~)UBTrU~ ADCOUICTS AND BILLS WRITTE~ OFF " UNCOLLECTIBLE CLAIMS - VACANT PROPERTY EXPENS~ " CIGARETTE~, SMOKING) ETC* - VACAN*r PROPERTY CXPENS[ - CIGARS " |NACTIVE EQUIPMEN~ EXPENSE " CIGARETTES, S~OKING~ ETC* - INACTIVE EQUIPMENT EXPENSE - CIGARS - RAILROAD SRUR - DURHAN~ NORTH CAROLINA - INCOME rROR BRANDS LEASED " O~SOLETE MACHINE PARTS VRITTEt; OFF - CIGARETTE~ SMOKING~ ETC* " OBSOLETE MACHINE PARTS VRITTE~ OFF - CIGARS - MOVING EXPENSE " OBSOLLPT[ WRAPPING MATERIAL AND EXPENSES - CleARETTES. SMOKINGI ETC* - OBSOLETE WRAPPING MATERIAL AND EXPENSES * CIGAR~ tim (CONTINUED) RI'HO1 02 361
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FISCAL BINDER INDEX DECEMER 3~, 195~ PAGE NUMBER ~UPPLE- FISCAL MENTARY ACCOUNT NUMBER AND TITLE PAGE 332 333 33~ 335 336 337 338 339 3~ 3~2 3~3 3~5 3~6 3~7 3~8 3~9-35o 351 35~ 353 35~ 355 356 357 3~ 359 3~ 361 36z 363 36~-3T,, 372-38c, 381 382 383 38~-38~ 386-387 38~ 389.-39( 397-39~ 3~ ~oo40~ ~o740~ ~o941 c ~o~-1o5 1 o6-i 38 1 39-1 I;7 - DERRE¢IATION AND INCOME - FIXED ASSETS REh'r[~ T¢ AMERICAh 5UPP~IER$~ INCORPORATED " DIVIDENDS AND INTEREST EARNED - INTCREST~ EXCHANGE AND DISCOUNT IDA ID - AMORTiZATiON OF PREMiUm. ON iNVESTMENT - SUNDRY UNCLAIMED PAYABLE ACCOUNTS ~1.1 - ~iSCELLANEOUS PROFITS - CIGARETTES, SMOKING. [TC* ~1.~ - ~ISCELLANEOUS PROFITS - CIGARS 6~2 - ROYALTY INCOME - COMMISSION AND INTEREST RECEIVED ON LEAF SOLD ~ - INTEREST. EXCHANGE AND DISCOUNT RCCC|VE~ -I m'EREST O~ FOUR PER CENT (~) solos 6~ - INTEREST ON TWENTY YEAR 35 OEDENTU.ES .ATURING JANUARY 1, 1968 ~.1 * ~itiTARY SERVICE ALLOWANCE * CIGARETTES, SMOKING, ETC * ~9.~ - ~ILITARY SERVICE ALLOWANCE - CIGARS 6~O - INTEREST ON T~ENTY-FIV[ YEAR 3~ DEBENTURES MATURING OCTOI~CR 151 1969 691 - DISCOUNT ON TI4ENTY-rlV[ YEAR 3~ DEBENTURES MATURING OCTO~[~ I ~ 19~~ 69~ - INTEREST ON TAX CONTINGENCIES RELATIVE TO PRIO~ YEARS 693.1 - TAX CO(~[TINOENCI[S RELATIVE TO PRIOR YEARS * ClGARETTC5~ SMOKING. ETC* 69~.2 - TAX CONTiNGCNC|CS RELATIVE TO PRIOR YEARS - CIGARS 69~ - INTEREST O~ TWENTY YEAR 3~ DCDEm'URCS ~ATURING APRIL 15, 196~ 695 - INCOME TAX O~ TAX-FREE COVENANT iNTEREST RAID 696 - DISCOUNT ON TWENTY YEAR 3~ DESE~rtURCS ~ATURING APRIL 1~, 1962 697 - PRENlU~ OR DISCOUNT O~ "tWEnTY-rivE YCA~ 3g DEBENTURES MATURING OCTOeER 15, 1969 PURCHASED OR CALLED FOR REDENPTIO~ ~9~ * PREMiU~ OR DISCOUNT ON TWENTY YEAR 3~ DEBENTURES MATURING APRIL 1~, 1 96~ PURCHASED OR CALLED FOR REDENRTIOh 700 " TRANSFER EXPENSE STOCKS AND OONOS ?O5 - PROFIT ON PALL MALL CIGARETTES SOLD TO AMERICAN CIGARETTE AND CIGAR COMPANY ?O6 - COST Or DISMANTLING BUILDINGS AND EOUII~4ENT ?O~ " COST Or DONSTRUCTiO~ PROJECTS ABANDONE~ ?O~.1 - UNABSORBED EXPENSES " CIGARETTES~ SMOKING, ET¢* 7(~.2 " UNABSOWSED EXPENSES - CIGARS 710.1 - FLOO~ LOSS - CIGARETTES, SMOKINGI ETC* 710.2 - FLOO~ LOSS - CIGARS 71].1 -- UNDISTRISUTCD EXRENSS - CIGARETTES, SMOKING. [TC* 711.2 - UNDISTRIBUTED EXPENSE * CIGARS 71~ - PROFIT AND LOSS ON DISPOSITION Or CAPITAL ASSETS 71~.1 - DEVCLOPt4ENT EXPENSE ON RLANT COUIRMENT - C|OARETTES~ SMOKING~ ETC* 71~ " FEDERAL INCOME TAX 71~ - FEDERAL EXCESS RNOrlTS TAX 71~ " ADDITIONAL COMRENSATI~, " OrFICIAL~ 721 .1 * FRANCHISE AN~ INCOME TAXCS - CIOARCTTE$~ SMOKING~ ETCt 721.2 - ~RANCNISE ANO INCO~f[ TAXES - CIGAR~ 7~ " GENERA~ AN~ A[~IINISTRATIV[ EXPENSE ?~ " Of*riCE SPACE AND EQUIII~ENT 730 - SALARIES AND TAXES 73~ - STATIONERY AND PRINTING ?36 - TRADE-W~.~ AND PATENT rXRENS[ 737 - TRAVELING EXPENSE 738 - LEGAL EXPENSE 7~ - POSTAGE 7~? " TELEPHONE AND TELEGRAP~ ?~ - TRENTOh EMERGCNC~ OFFICE EXPENSE (CONTINUED}
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~,r'/ L PAgE NU~B£R SUPPLE= MENTARY !121-1122 1;2~.-1;2L 1;25-1;26 !;27-~26 ~29-~3C ~32 ~33 FISCAL BINDER INDEX DECEMBER 31 , 195: ACCOUh~, NUMBER AND 7 ITL[ 751 - DIVIDEND CORRECTIO~ ADJUSTME~ 7~2 - TAX(~ TO B[ DISTRIBUTED ?~ " ADVERTISING DEPARTMENt" 756.1 - DEPARTMENT Or I~NUFACTUR[ * CIGARETTES, SMOKINGw ET{ , ~56,2 - DEPARTMENT or (HANUrACYURE - CIGARS ~70 - BRANC~ ADHINtS~RATION 771 - ~IN~ENANC[ Or DUALITY OF PRO~IUCT$ EXPENS[ 772 " IMPROVEMENTS Or PRODUCTS EXPENSE 800 - REFUNDS AND ADJUSTMENTS Or FEDERAL AND 5TAT( TAX[~ O~ PRIOr YEARS~ ~IT~ I I~rEREST THEREO~ LE55 RELATED EXPENSE~ 80~ - LEASED TRAD[-MARKS~ TRADE NAMES~ GOOD WlLL~ [TC* - C IGAR5 ~;~ " BOX fACTORY PROr|TS - CI~AR$ ~11 .I - LEAr ADJUSTMENTS - CI~ARETTES~ BMOKING~ ~rEe 811.2 - LEAr ADJUSTMEN?5 - CIGARS r ii ~ i P]T~O1 0255363
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.J-"l ................ 1 I IIII II II • I ...... ITIT ~ I ......... I I I I tNCO NOTICE OF MEETING Flemington, N. J., March 1, 1952 NOTICE IS HEREBY GIVEN that the Annual Meeting of the Preferred and Common Stockholders of THE AMERICAN TOBACCO COMPANY will be held at No. 34 Court Street, Flemington, New Jersey, at one-thirty o'clock in the afternoon (Eastern Standard Time) on Wednesday, April 2, 1952, for the following purposes: (1) to elect Directors; (2) to consider and vote upon a proposal (designated Proposal A and set forth in the following proxy statement) made by three stockholders; and (3) to transact such other business as may properly come before the meeting. The Preferred and Common Stock transfer books will not be closed, but holders of Preferred Stock and Common Stock to be entitled to vote must be holders of record at tile close of business on March 3, 1952. JOHN W. HANLON, Secretary SPECIAL NOTICE Holders of what was formerly Common Stock B who still hold their Common Stock B certificates are reminded that, bv amendment of the Charter of the Company on April 8, 1948, each share of Common Stock B outstanding was changed into one share of Common Stock, with the voting rights of Common Stock, namely: One vote per share. AI')HO 1 02553G4
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PROXY STATEMENT The enclosed proxy is solicited by and on behalf of the Management and is revocable in writing. Proxies in the form enclosed, properly executed by stockholders and duly returned to the Management and not revoked, will be voted and, if a choice be specified with respect to matters to be acted upon, will be voted in accordance with such specifications. Tile outstanding number of each class of voting securities of the Company is: Preferred 526,997 shares; Common 5,378,425 shares. The Preferred Stock is entitled to four votes per share. The Common Stock is entitled to one vote per share. ELECTION OF DIRECTORS The Board of Directors consists of seventeen members who are elected to hold office until the next Annual Meeting or until their successors are duly elected and qualified. It is the intention of the Proxy Committee to vote at this Annual Meeting for the nominees named below. These nominees constitute the present Board and have served as directors of the Company for the periods commencing with the dates set after their respective names. The Company is informed that these nominees were directly or indirectly the beneficial owners of outstanding securities of the Company at the close of business on February 1, 1952, as set forth after their respective names. Name Orpheus D. Baxalys Alfred F. Bowden Richard J. Boylan Douglas W. Brashear Thomas P. Connors James R. Coon John A. Crowe John S. Dowd Preston L. Fowler Paul M. Hahn Hiram R. Hanmer Edmund A. Harvey Harry L. Hilyard John R. Hutchings, Jr. A. LeRoy Janson William H. Ogsbury James F. Strickland Year First Principal Occupation Elected Director Common Vice-President, The American Tobacco 1940 884 Company of the Orient, Inc. Assistant to the President, The American 1951 105 Tobacco Company Vice-President, The American Tobacco 1929 1,745 Company Vice-President, American Suppliers, 1948 100 Incorporated Director of Traffic, The American 1946 145 Tobacco Company Vice-President, The American Tobacco 1936 652 Company Vice-President, The American Tobacco 1931 600 Company Executive Vice-President, American 1946 300 Suppliers, Incorporated Vice-President, The American Tobacco 1941 600 Company President, The American Tobacco 1931 2,086 Company Director of Research, The American 1938 120 Tobacco Company Vice-President, The American Tobacco 1932 500 Company Treasurer, The American Tobacco 1944 120 Company Vice-President, American Suppliers, 1951 102 Incorporated Auditor, The American Tobacco 1948 265 Company Assistant Chief of Manufacture, The 1930 120 American Tobacco Company President, American Suppliers, 1946 320 Incorporated .... Preferred 62 315 50 105 100 4O 5O 2 ~l'~O 1 0255365
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John R. Hhtchings, Jr. was elected a director of the Company on May 29, 1951, to fill the vacancy" created by the death of James E. Lipscomb, Jr. Mr. Hutchings is a Vice-President and director of American Suppliers, Incorporated, the Company's leaf buying subsidiary, and was for approximately 25 years prior to his election a supervisor of tobacco leaf buyers of that subsidiary. Although the Management does not contemplate the possibility, in the event any nominee is not a candidate or is unable to serve as a director at the time of the election, it is intended that the proxies will be voted for any nominee who shall be designated by the present Board of Directors to fill such vacancy. Information regarding the remuneration of directors is hereinafter set forth under the caption "Remuneration". Proposal ,4 The Company is informed that Lewis D. Gilbert, whose address is 1165 Park Avenue, New York 28, New York, John J. Gilbert, whose address is 1165 Park Avenue, New York 28, New York, and John Campbell Henry, whose address is 1088 Park Avenue, New York, New York, stockholders, intend to introduce at the forthcoming Annual Meeting the following resolution (designated herein as Proposal A) : "REsoLVED: That the stockholders hereby request the Board of Directors to take appropriate steps to submit to stockholders an amendment to the Certificate of Incorporation providing for cumu- lative voting, that is to say that at all elections of directors, the stockholders shall have the right of cumulative voting, which means each shareholder shall be entitled to as many votes as shall equal the number of votes which he would be entitled to cast for the election of directors with respect to his shares of stock multiplied by the number of directors to be elected and he may east all of such votes for a single director or may distribute them among the number to be voted for, or any two or more of them as he may see fit." The proposers of this resolution, Messrs. Gilbert, Gilbert and Henry, have furnished the following statement setting forth the reasons advanced by them in support of their proposal: "At present all directors of American Tobacco are employees--the public stockholders are completely unrepresented, a condition we think should be corrected. Cumulative voting, if adopted, would enable public shareholders to get Board representation with greater ease. Some 246,407 votes were cast in its favor last year--if you agree with us, please mark your ballot FOR. Shareholders desiring further information as to the importance of the right to vote cumulatively at annual meetings should consult 'Cumulative Voting for Directors' by Prof. Charles M. Williams, published in 1951 by Harvard Business School, Boston, Mass." The same proposers introduced substantially identical proposals at the 1949, 1950 and 1951 Annual Meetings. Each of these proposals was overwhelmingly rejected by the stockholders. At the 1951 Annual Meeting, stockholders cast 5,218,021 votes opposed to this proposal. The long-continued record of successful operation of the Company's business by directors giving their entire time and effort to the service of the Company and its subsidiaries indicates, in the opinion of the Management, that the directors have managed the business in the interest of all the stockholders and that it would not be in the interest of the Company to initiate this amendment. The Management recommends that you vote AGAINST Proposal .4. The Management is not aware at the date hereof of any other matter which is a proper subject for action that is intended to be presented at this meeting. AI'~<O 1 0255366
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REMUNERATION Remuneration o[ Directors and O~icers. There is set forth in the following tabulation the aggregate remuneration, on an accrual basis, directly or indirectly paid or set aside by the Company and its sub- sidiaries to, or for the benefit of, the following persons for services in all capacities while acting as directors or officers of the Company during its last fiscal year: each person who was a director of the Company at any time during such fiscal year and whose aggregate remuneration, exclusive of pension, retirement and similar payments, exceeded $25,000; each person who was one of the three highest.paid officers of the Company during such fiscal year and whose aggregate remuneration, exclusive of pension, retirement and similar payments, exceeded $25,000; and all persons, as a group, who were directors or officers of the Company at any time during such fiscal year. Where the total remuneration shown in Columns (3) and (4) exceeds by more than ten per cent. the corresponding total remuneration for the preceding fiscal year, the excess is stated in Column (6). Estimated annual retirement benefits to the same individuals at normal retirement date under the Retirement Plan for employees adopted by the stockholders at the 1949 Annual Meeting are stated in Column (7). (5) Applicable portion of (1) (2) (4) group Name of individual Capacities in which (3) Participation insurance or identity of group remuneration was received Salaries in profits premium Orpheus D. Baxalys Vice-President and Man- $50,000 $59.16 aging Director, The American Tobacco Com- pany of the Orient, Inc. (a) Alfred F. Bowden Assistant to the President, 25,972.21(b) 43.18 12,500 The American Tobacco Company Richard J. Boylan Vice-President and Direc- 50,000 tor of Purchases, The American Tobacco Com- pany Douglas W. Brashear Vice-President, American 40,000 Suppliers, Incorporated (a) ; General Manager of Stemmeries Thomas P. Connors Director of Traffic, The 33,000 American Tobacco Com- pany James R. Coon(c)Vice-President and Comp- 50,000 troller, The American Tobacco Company John A. Crowe(c) Vice-President and As- 50,000 sistant Chief of Manu- facture, The American Tobacco Company John $. Dowd Vice-President and Execu- 55,833.35 tire Vice-President, Am- erican Suppliers, Incor- porated (a) Preston L. Fowler(c) Vice-President and Chief 50,000 of Manufacture, The American Tobacco Com- pany (a) Affdiated company engaged in purchase and handling of leaf tobacco. (b) Represents salary earned only after election as a director April 4, 1951; total salary was $32,000 for 1950 and $35,000 for 1951. (¢) Also officer of altMiated company, or companies. (6) Excess over previous year (7) Estimated annual retirement benefit at normal retirement date $16,298 $92,495.47 59.16 17,000 59.16 14,614 59.16 11,605 92,495.47 59.16 17,000 92,495.47 59.16 17,000 59.16 $5,833.35 18,013 92,495.47 59.16 14,846 4
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(1) Name of individual or identity of group Paul M. Hahn(c) Hiram R. Hanmer Edmund A. Harvey(d) Harry L. Hilyard(c) A. LeRoy Janson (2) Capacities in which (3) remuneration was received Salaries President, The American $120,000 Tobacco Company; President, American Cigarette and Cigar Company Director of Research, The 37,000 American Tobacco Com- pany Vice-President in Charge 50,000 of Sales, The American Tobacco Company Treasurer, The American Tobacco Company Auditor, The American Tobacco Company James E. Lipscomb, Jr. (e) President, American Sup- pliers, Incorporated(a) William H. Ogsbury Assistant Chief of Manu- facture, The American Tobacco Company James F. Strickland Vice-President and Presi- dent, American Sup- pliers, Incorporated(a) Directors and Officers Directors and Officers as as a group a group (4) Participation in profits $115,619.34 (7) Estimated (5) annual Applicable (6) retirement portion of Excess benefit group over at normal insurance previous retirement premium year date $ 59.16 $25,000 59.16 13,968 92,495.47 59.16 $14,159.47 17,000 50,000 59.16 45,000 59.16 45,000 23.12 50,000 59.16 5,000 12,323 15,699 17,000 64,583.35 59.16 14,583.35 16,506 911,301.66 578,096.69 1,049.40 (a) Affiliated company engaged in purchase and handling of leaf tobacco. |e} Also officer of affiliated company or companies. (d) Elected a Vice-President April 7, 1950. The amount reported in Column ~6) is accounted for by participation as a "Vice-President for over 8 months of 1950 as against participation for the entire year 1951. (e) Deceased May 15, 1951. The amounts stated in Column (4) above were accrued as incentive compensation (based on amount of Company profits), under Article XII of the By-Laws, as amended by vote of the stockholders at the 1951 Annual Meeting. No fees or commissions were paid to or for the benefit of any of the individuals listed above. There were no pension, retirement or similar payments to or for the benefit of directors and officers of the Company during its last fiscal year. The Retirement Plan for employees adopted by vote of the stockholders at the 1949 Annual Meeting covers approximately 19,100 regular full-time employees of the Company and its subsidiaries. The Company has maintained since October 1, 1946 a group life insurance plan which covers all regu- lar full-time employees of the Company and of its consolidated American subsidiaries and certain employees of other subsidiaries, the maximum amount of insurance thereunder for any employee being limited to $10,000. The amount of group life insurance provided for each employee is determined by his basic annual pay. Each of the officers and directors was insured for $10,000 under such policy. The cost of the insurance is payable ratably by the Company and such subsidiaries. The total number of employees insured under the plan on January 1, 1952 was approximately 19,000. The aggregate amount of remuneration for the fiscal year 1951, received from the Company and its subsidiaries, directly or indirectly, on an accrual basis, by all the directors and othcers of the Company as a group, was approximately sixteen one-hundredths of 1% of the Company's consolidated net sales. f~l'l" NO 1 0255368
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~t MISCELLANEOUS Any stockholder making written request therefor to the Secretary of the Company will be furnished a summary of the Annual Meeting that will be prepared after the meeting has been held. Messrs. Lybrand, Ross Bros. & Montgomery have for many years been the independent auditors for the Company, and are appointed by resolution of the Board of Directors. In accordance with the Company's customary practice, a member of the firm of auditors will attend the Annual Meeting and respond to questions which may be asked by stockholders. Comments or suggestions by stockholders with regard to the audit are welcomed, as they are with regard to all other matters affecting the Company's interests. Flemington, N. J., is reached by the Lehigh Valley Railroad. The present train schedule, which is subject to change and should be confirmed, is as follows: Leave Pennsylvania Station (33rd Street and Seventh Avenue, New York, N. Y.) 10:55 A. M. Arrive Flemington Junction 12:03 P. M. Leave Flemington Junction 5:16 P. M. Arrive Pennsylvania Station 6:35 P. M. The Company will procure transportation from New York to Flemington by railroad and return by railroad or, i/expressly requested, return by bus, at Company expense for any stockholder of record desirous of attending the meeting, on his notifying the Secretary in writing prior to March 31, 1952, that he wishes such transportation obtained. If you do not plan to attend, you are urgently requested to execute the enclosed proxy and mail it to the Company promptly. Expense o~ Solicitation. The expense of the solicitation of proxies for this meeting, including the cost of mailing, will be borne by the Company. In addition to mailing copies of this material to stockholders, the Company will request persons who hold stock in their name or custody or in the name of nominees for others, to forward copies of such material to those persons for whom they hold stock of the Company and to request authority for the execution of the proxies. The Company may reimburse such persons for their out-of-pocket expenses and clerical charges in connection therewith, which expenses are estimated to be about $2,500. To the extent necessary in order to assure sufficient representation at the meeting, officers and some regular employees of the Company and approximately 6 employees of Philip G. Cameron Com- pany will request the return of proxies by telephone, telegram or in person, at an estimated cost of about $14,000. The amount of the expense to be borne by the Company will depend upon the volume of shares represented by the proxies received promptly in response to the Notice of Meeting. If proxies are not received promptly, it may be necessary for the Company to send telegraphic solicitation to those stockholders who have not responded. The expense of such telegraphic solicitation would be about $2,500. Stockholders who do not intend to be present at the Meeting are urged to send in their Proxies without delay. Prompt response is helpful, and your cooperation will be appreciated. February 15, 1952. 6 AI"HO 1 0255369
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Fo~d - Here Do Not Dettch I IMPORTANT NOTICE--This proxy is forwarded on behalf of the Management, who request, if you will not be ] present at the meeting, that you fill out, sign and return this proxy in the enclosed stamped addressed envelope. The undersigned hereby appoints PAUL M. HAHN, JAMES R. COON and RICHARD J. BOYLAN proxies of the undersigned, to vote at the Annual Meeting of the Preferred and Common Stockholders of The American Tobacco Com- pany, to be held on Wednesday, April 2, 1952, at 1:30 o'clock 15.M. (including all adjournments thereof) for the election of directors, on the Proposal referred to below which is described in the Proxy Statement accompanying the notice of said meeting, and on any other business that may properly come before the meeting, according to the number of votes that the undersigned would be entitled to cast and with all powers the undersigned would possess if personally present, with full power of substitution and revocation. IF A CHOICE BETWEEN VOTING FOR OR AGAINST THE PROPOSAL IS SPECIFIED BELOW, THIS PROXY SHALL BE VOTED AS SPECIFIED: OTHERWISE IT SHALL BE VOTED AGAINST PROPOSAL A. The Management favors a vote AGAINST Proposal A. FOR [-2; AGAINST [] Proposal A. Fold Here Do Not Detac~ THE PROXIES ARE AUTHORIZED TO VOTE IN THEIR DISCRETION WITH RESPECT TO MATTERS NOT KNOWN OR DETERMINED AT THE DATE OF SAID PROXY STATEMENT. A majority of the proxies or their substitutes who shall be present and act at the meeting (or, if only one shall be present and act, then that one) may exercise all the powers hereby conferred. Dated: ............................................................ 1952. IVROXY'/ When signing as attorney, executor, adminlstrator, trustee or guardian, please give your full title as such. .................................................................................................... ............ [L. S.] (Stockholder $hould ~illa here) .° - 3PO
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....................................................................... Shares Preferred ....................................................................... Shares Common Company w~U fiU in n~mbcr of sh~es F 7 L_ _J f-t 1" ~01 02 5-.:,~ 71
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ANNUAL REPORT DECEMS~ 31, 1951 1 RI" NO 1 02NN3~'-'-
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[, innu CORPORA1 ED P r 19Sl
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INCORP~ FOR THE YEAR ENDED DECEMBER 31, 1951 WITH CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF INCOME AND RETAINED EARNINGS Executive Office 111 FIFTH AVENUE • NEW YORK 3, N. Y. AT;KO 1 02553?4.
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fAB~IK,,te- ~ | 1951 Net i,come pet" common share .............................. $5.57 Dividends paid per common share ........................ 4.00 1950 $7.17 4.00 Net sales .................................................................................................. $942,552,034 Income, before taxes on income ......................... Net income ...................................................... Dividends paid (preferred and conlmon) ................... Portion of net income invested in assets used in the business and to provide for debenture sinking fund requirements ......................................................... Currellt assets, December 31 ............................... Current liabilities, December 31 ..................................... Net working capital, December 31 .............................. 80,410,505 33,109,669 24,675,682 8,433,987 668,233,871 212,177,930 456,055,941 $871,621,130 76,724,339 41,732,716 24,675,682 17,057,034 593,026,307 133,373,663 459,652,644 Number of stockholders at December 31: Common .......................................................................... Preferred .................................................................... 66,693 8,324 64,565 8,558 Pll'XO 1 0255325
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February 8, 1952 To OUR STOCKHOLDERS: In the following pages your Management reports on the operation and results of the business of your Company, including its consolidated subsidiaries, during the year 1951. Economic developments during the past year have affected your Company, as well as American industry generally. The impact of higher costs, higher taxes and frozen manufacturers' prices is directly reflected in the results of operations. Some significant developments with respect to your Company during 1951 were: 1. Dollar and unit sales of your Company were the largest in its history and the largest in the tobacco industry. 2. Income before taxes increased $3,686,166 to $80,410,505, a new high level for the Company. 3. Net income decreased $8.623,047 to $33,109,669 due to higher costs, higher taxes and frozen manufacturers' prices. 4. The Federal excise tax on cigarettes was increased on November 1, 1951, from $3.50 per thousand to $4.00 per thousand (eight cents per package) and our selling prices were increased correspondingly. No other changes in the prices of our cigarettes were made during the year. 5. Your Management is making every effort to obtain permission from the Office of Price Stabilization to increase the prices of cigarettes in order to improve the low margin of profit on sales which exists in the cigarette industry. 6. Because of larger sales volume, increased inventories necessary for the maintenance of this larger volume, the continued rise in the cost of leaf tobacco and the greater investment required for revenue stamps, your Management has taken steps to raise additional working capital. f-ll" MO I 02-'5.537'8
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~ALES The Company's total dollar and unit sales in 1951 were the largest in its history and in the industry. Dollar volume increased $70,930,904 to $942.552,034. Sales of the Company's cigarettes in units as well as in dollars increased sub- stantially, reaching a new sales peak for the Company and continuing by an increased margin to be the largest in the industry. Most of the increase in dollar volume resulted from the increase in unit sales. The Company's increase in output of cigarettes is believed to be equal to two- thirds of the combined increase of all the other companies in the industry. During the year significant progress was made toward reversing the sales curve of LUCKY STRIKE Cigarettes. The downward trend of the past several years was checked materially. Sales of LUCKY STRIKE Cigarettes in 1951 were approximately twice as large as in prewar 1940. Sales of PALL MALL and HERBERT TAREYTON Cigarettes continued to increase at rates far above the industry average. PALL MALL is, by a wide margin, the largest-selling king-size cigarette in America, while HERBERT TAREYTON is the second largest-selling king-size cigarette. The Company currently enjoys the advantageous position of having three cigarette brands--LUCKY STRIKE. PALL MALL and HERBERT TAREYTON- among the large-selling brands of the industry, contributing to its position of leadership in the cigarette field. Sales of our ~'igar brands--including LA CORONA. ANTONIO v CLEOPATRA and ROI TAN--also increased substantially. Each of these brands is the leader in its respective class. Sales of the Company's smoking tobacco brands decreased moderately in 1951, at about the same rate as that indicated for the industry as a whole. EARNINGS AND TAXES Consolidated net income for 1951 was $8,623,047 lower than in 1950. While this result was in part due to increases in the cost of leaf tobacco, wages and other materials and services, the increase in Federal taxes on the Company's income was the principal cause of the reduction in net earnings. Taxes on income totaled $47,738,000, a new all-time high, and were equivalent to $8.88 per common share compared with earnings of $5.57 per share after taxes. In 1951, taxes on income and excise taxes on our products accounted for 52% of the total receipts from sales. Taxes exceeded the combined total for leaf tobacco, wages, other costs and dividends to stockholders. 4
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Ilnml~4 DIVIDENDS During 1951, dividends of $4.00 per share were paid on the common stock, consisting of four regular quarterly dividends of seventy-five cents each and an extra dividend of $1.00. The 186th consecutive common dividend, consisting of a regular dividend of seventy-five cents and an extra dividend of $1.00 per share, will be mailed to stockholders on March 3, 1952. CIGARETTE PRICES The trend in the manufacturer's price of cigarettes since 1940 represents a marked exception to the extensive price inflation that has taken place in our national economy. The manufacturer's price of cigarettes after discounts and excise taxes is only 42% higher today than in prewar 1940, while the general price level* has more than doubled in the same period. In other words, the increase in the manufacturer's price of cigarettes is less than half the increase in the general price level. Prices of leaf tobacco have also increased at a far greater rate than the manufacturer's price of cigarettes. During the current buying season (through January 31, 1952), the average prices paid for the Company's cigarette grades of Flue-cured and Burley tobacco were 155% and 150%, respectively, more than the prices paid for these grades in 1940. Except for a slight increase to cover a corresponding rise in excise taxes in 1942, no other increase in cigarette prices was permitted by the Government during the war years. The inevitable result of wartime price control, together with higher leaf tobacco costs and increased taxes, was a severe reduction in the manufacturer's margin of profit. In the five-year period immediately preceding World War II, the average net profit of the Company was about 10% of sales while during the five war years, 1941 through 1945, this ratio was about 4.5% --a drop of more than 50%. Ahhough the manufacturer's price of cigarettes has been increased on several occasions since the end of World War II, these increases only partially offset the continued rise in the cost of leaf tobacco, taxes and other operating costs. Price controls have again been imposed, with the result that for over a year your Company has been unable to increase the price of its cigarettes to offset its higher costs, notwithstanding the fact that your Company's net profits in relation to sales are considerably below normal. Your Management is making every effort to obtain permission from the Office of Price Stabilization to increase the price of cigarettes. INVENTORIES The Company's investment in leaf tobacco, manufactured stock, operating supplies, etc., at December 31, 1951, was higher by $61,864,328 than at the end of 1950. An increase in the physical quantity of our inventories of leaf tobacco and in manu- * Bureau of Labor Statistics Wholesale Price Index. f:tY HO 1 025537"8
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? factured stock accounted for most of this increase, ahhough the higher prices paid for tobacco contributed, to some extent, to the larger dollar value of this inventory. The increase in the quantity of leaf tobacco inventories was occasioned by the necessity for maintaining adequate quantities of properly-aged tobacco consistent with the increased volume of the Company's business. FINANCES Bank loans increased from $73,000,000 at December 31, 1950, to $140,000,000 at the end of 1951. Cash in banks and on hand increased approximately $10,000,000. It is estimated that there will be some additional increase in bank loans before March 31, after which date our bank loans should decrease until the beginning of the next leaf tobacco purchasing season. During 1951, funded debt was reduced $11,489,250 through the operation of Sinking Funds and the retirement of $831,250 of Four Per Cent Bonds which matured and were paid on August 1, 1951. In addition to the effect that taxes have upon net earnings, the Company must provide the necessary working capital to pay substantially larger portions of its Federal income and excess profits taxes earlier in the year than was formerly required. This acceleration in the payment of taxes naturally affects the peaks in the amount of funds the Company must borrow currently from banks. The Company also must provide working capital for the Federal excise tax stamps which are affixed to its products. It is estimated that the Company has an average of at least $50.000,000 invested in such stamps at all times. This amount represents the value of Federal excise tax stamps on hand, attached to finished products or included in unpaid billings to our customers. Because of the need for increased working capital occasioned by the expanding volume of the Company's business, higher taxes and larger leaf tobacco inventories, your Management i~as considered it advisable to convert some of its short-term bank loans into longer-term obligations, and has negotiated for the sale to the public of $50,000,000 of long-term debentures. It is planned to llave such an issue under- written by a group of investment bankers. The net proceeds of such sale of deben- tures will be used to reduce the Company's bank loans. Your Management is of the opinion that a substantial portion of the additional working capital now required in the business will be needed permanently and, there- fore, plans to obtain an additional amount of permanent capital through the offering of common shares to the holders of common stock. INCENTIVE COMPENSATION At the Annual Meeting held on April 4, 1951, the stockholders approved the proposal initiated by your Management for a substantial reduction in the rate of ill'M01 O2553,-"51
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'i officers' incentive compensation under Article XII of the By-Laws. Incentive compen- sation for the year 1950 was thus reduced by approximately $500,000. Total incentive compensation paid fox" the year 1951 was $131.290 less titan for the year 1950. PERSONNEL In the death of James E. Lipscomh, Jr., o, May 15, 1951, the Company lost a valued friend and Director. Mr. Lipseomb, who had been with the Company since 1902 and who had been a Director since 1918, was for many years President of American Suppliers, Incorporated, the Company's domestic leaf tobacco buying organization, and was an outstanding figure in the industry. Mr. James F. Striekland and Mr. John S. Dowd, both of whom had been closely associated with Mr. Lipseomb for many years, were elected President and Executive Vice President, respectively, of American Suppliers, Incorporated. Both Mr. Strickland and Mr. Dowd have been members of the Company's Board of Directors since 1946. Mr. John R. Hutehings, Jr., Vice President of American Suppliers, Incorporated, was elected to the Board of Directors on May 29, 1951, to fill the vacancy created by the death of Mr. Lipscomb. STOCKHOLDERS" ANNUAI. ~|I~;ETINC, The Annual Meeting of stockholders will be held on Wednesday, April 2, 1952. Formal notice of this Meeting, together with a prox.v and proxy statement, is enclosed with this report. On behalf of the Board of Directors, I should like to express our appreciation for the cooperation of our customers and employees and for the continued interest of the Company's stockholders in the affairs of our Company as evidenced hy the numerous letters I have received during the past year. I am always glad to hear from the stockholders and to discuss with them the affairs of ollr Company in which we are all interested. PAUL M. HAHN President F3 I" NO'I 02553B0
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1951 OPERATIONS AT A GLANCE THIS IS HOW IT WAS USED OR SET ASIDE: 52% FOR 28% FOR 15% FOR 1% FOR 3% FOR 1% FOR ~l';gO'l 0255381
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Including American Cigarette and Cigar Company and all wholly owned domestic subsidiaries except The American Tobacco Company of tire Orient. Inc. As of December 31 ASSETS 1951 Demand deposits in banks and cash oii hand .............................................. $ 31,992.252 1950 $ 22,156.721 Accounts receivable, customers ..................................................................... :10,571,157 36.783.550 Miscellaneous accounts receivable ................................................................. 868.949 762.946 Leaf tobacco, manufactured stock, operating supplies, etc., at average cost Cash on deposit with sinking fund trustees for redemption of debentures ... Receivables from unconsolidated subsidiaries ............................................. Total current assets .............................................................. Receivables from unconsolidated subsidiaries (1950 includes $581.214 from French subsidiary which subsidiary was sold in 1951) ........................... Investments in securities of unconsolidated subsidiaries, at amounts not in excess of cost lincludes 85,400,000 in wholly owned British subsidiary) I Note 4) ................................................................................................... Insurance deposits and miscellaueous investments ..................................... Real estate, machinery, iixtures, etc., at cost. less allowance for depreciation. 1951. $30.732.657: 1950. S28,616.923 ................................... 594.5-13,551 532,679,223 1.000 560.073 256.962 668.233.871 4.400.000 11,704,285 2,320.269 44.247.672 83,794 593,026.307 2.881.214 12,848.011 1.919,786 43,746.796 l J I J Prepaid expenses and deferred charges ................................................. Brands. trade.marks, patents, good will. etc ............................ 3.573.q77 $734A79.975 2,983.342 $657,405.457 10 P3I'NOI 0255382
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LIABILITIES Notes payable to banks ........................................................................ Accounts payable .................................................................................. Dividend on preferred stock for quarter ended December 31 ................. Accrued taxes .................................................................................................... Other accrued expenses ................................................................................... Debentures to be redeemed through sinking fund operations (Note 5t ..... Four per cent bonds maturing August 1, 1951 ................................................ Payables to unconsolidated subsidiaries ..................................................... Total current liabilities .............................................................. Three per cent debentures (Note 5) ................................... .Minority interest in American Cigarette and Cigar Company ........ 1951 I $14.0,000,000 7,255.590 790.496 50,797,675 3,608,650 9,456,000 269.519 212,177.930 205,430,001) 417,607,930 1,046.290 1950 $ 73,000,000 5.808,456 790,496 39,941.975 2,808,964 9,891,000 831.250 301.522 133,373,663 215,653,000 349,026,663 987.026 Q CAPITAL Capital stock (Note 6) : Preferred, six per cent cumulative, par value $100 per share .......... Common, par value $25 per share .............................................................. Excess of net proceeds from sale of common stock over par value .............. Retained earnings ~Note 3) ............................................................................. Less, Treasury stock, at cost (93,713 shares of common stock) ................ Total capital and retained earnings, less treasury stock .......... 52,699,700 136,803,450 20,575,591 210,078,741 112,754,074 322,832,815 7,007,060 315,825,755 $734,479,975 52,699,700 136,803,450 20,575,591 210,078,741 104,320,087 314,398,828 7,O07,060 307,391,768 $657,405,457 1! P31" ;.~01 0255383
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1. The equity in the earnings of unconsolidated subsidiaries amounted to $1,938,804 and $1,711,405 for 1951 and 1950, respectively. 2. Federal and state taxes on income comprise: 1951 Federal income ............................................................ $40,008,000 Federal excess profits .................................................... 5,050,000 State income .......................................................................... 2,680,000 $47,738,000 1950 $31,769,000 2,703,000 2,982,000 $37,454,000 3. Under the provisions of the indenture relating to the Twenty Year 3% Debentures, due January 1, 1968, cash dividends declared on common stock and payments made in purchasing shares of any class of the Company's stock subsequent to December 31, 1947, may not exceed the aggregate of $15,000,000 and consolidated net income earned subsequent to December 31, 1947, less dividends paid on preferred stock. At December 31, 1951, approximately $82,000,000 of retained earnings was free of this restriction. 4. The net tangible assets applicable to the investment in unconsolidated subsidiaries at December 31. 1951, amounted to $15,971,259, including $8,477,247 net assets of the British subsidiary translated into dollars at appropriate rates of exchange. 5. Three per cent debentures outstanding at December 31, 1951, comprise: Principal Amount Redeemable Within One Year" Twenty year, due April 15, 1962 .................................................... $3,398,000 Twenty year, due January 1, 1968 ................................................. 3,000,000 Twenty-five year, due October 15, 1969 .................................... 3,058,000 $9,456,000 Redeemable After Dec. 31, 1952 $ 66,622,000 63,000,000 75,808,000 $205,430,000 * Estimated principal amount to be redeemed through sinking fund operations at prices as provided by the indentures. 6. Capital stock at December 31, 1951, comprises: Shares Authorized Issued Preferred .............................................................. 540,106 526,997 Common .............................................................. 10,000,000 5,472,138 In Company's Treasury None 93,713 12 FII" ~gO 102553~4
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;7) . , I- i I ! ?'he President, The Board o] Directors and Stockholders o/ THE A.~vaICAN TOBACCO COMPANY, 111 Fifth Avenue, New York 3, New York. We have examined the consolidated balance sheet of THE AMERICAN TOBACCO COMPANY as of December 31, 1951, and the related consolidated statement of income and retained earnings for the year then ended. The financial statements of American Cigarette and Cigar Company, a consolidated subsidiary, were examined by other independent certified public accountants. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records of the companies (except American Cigarette and Cigar Company) and such other auditing procedures as we considered necessary in the circumstances. We made a similar examination for the year 1950. In our opinion, based upon our examinations and upon the reports of other independent certified public accountants, the accompanying balance sheets and re- lated statements of income and retained earnings present fairly the consolidated position of The American Tobacco Company and the subsidiaries included therein as of December 31, 1951 and 1950, and the consolidated results of their opera- tions for the years then ended, in conformity with generally accepted accounting principles applied on a consistent basis. LYBRAND. ROSS BROS. & MONTGOMERY New York. January 31, 1952. 13 f::ll"~O'l 0255"~85_ 0
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IIl 4 For years ended December 31. Irs.7,..1,~,, 1 1951 NET SALES ....................................................$942,552 Cost of sales ....................................................... 853,399 OPERATING PROFIT ........................... 89,153 Other income, less other expenses .................... 242 Interest. discount and premium .................. 1950 I $871.621 (In Thousands) 1949 1948 1947 $858,996 $873,467 $819,631 785.004 775,721 794,127 757,376 86,617 83,275 79,340 62,255 1,095" 62 100'~ 685 89,395 85.522 83,337 79,240 62,940 8,984 8.797 9.010 8,716 7,356 I,wome before taxes on income ....................... 80,411 Taxes Oil itleonle .......................................... Prior years" tax adjustments, net ................ 76.725 74.327 70,524 55,584 47,738 37,454 30,361 28,352 22,445 32,673 39,271 43,966 42,172 33,139 437 2,462 1,709 1,740 706 NET INCOME ........................................... 33,110 DIVIDENDS PAID: Prefi'rred .................................................. 3,162 Cotnmon ..................................................... 21,514 41,733 45,675 43,912 33,845 Portion of net income invested in assets used in the business and to provide for debenture sinking fund requirements ............... * Deduction. 3.162 3.162 3,162 3,162 21.514 21,514 20,169 17,704 24,676 24,676 24,676 23,331 20,866 $ 8,434 $ 17,057 $ 20,999 S 20.581 $ 12.979 14 f=l I" ~0 "I 0255386
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ASSETS (In Thousands) 668,234 593.026 583,762 567,883 537.872 1951 ! 950 1949 1948 1947 Cash ..................................................$ 31,992 $ 22,157 $ 17,949 $ 16,176 $ 19,505 Accounts receivable ........................ 40,571 36,783 33,128 36,548 35,130 Inventories ........................................ 594,544 532.679 531,558 514,958 483,133 Other current assets ............................... 1,127 1,407 1,127 201 104 Total current assets ............ Investments in unconsolidated subsidiaries ... 11,704 12.848 14,080 14,446 14,556 Other receivables and investments .............. 6,720 4,801 5,813 -1.873 3,919 Plant and equipment--net .............. 44,248 43,747 43,507 41,859 32,847 Prepaid expenses, etc .......................... 3,574 2.983 3,345 3,515 3,461 Brands, trade-marks, etc ........................... -- -- 54,099 54,099 54,099 Total assets .................... $734.480 LIABILITIES AND CAPITAL Notes payable .................................................. $140,000 $657.405 $704.606 $686,675 $646.754 $ 73,000 $ 80,000 $ 72,000 $122,500 7,256 5,808 4,265 6,517 9,043 50,798 39.942 34,906 34,949 30,328 9,456 10.722 91694 9,211 6,057 4,668 3.901 4,067 3,710 -1,649 212,178 133.373 132,932 126.387 172,577 Aecouuts payable .............................................. Aeerued taxes ................................................. Funded debt due within one year ............... Other current liabilities ................................... Total current liabilities ....... Funded debt ............................................. Minority interest ......................................... Capital .............................................................. Retained earnings ............................................ Treasury stoek Ideduetion) .................. Total liabilities and capital 205.430 215.653 226,375 236.069 170,608 1,046 987 865 784 715 210,079 210.079 210,079 210,079 210,079 112,754 104,320 141,362 120,363 99,782 ~7,007J q7,0071 (7,007~ 17.0071 17,007, $73~.480 $657.405 $70~1.606 $686.675 $646,754 lS Pl l" ~0 i 025538 ?
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DIRECTORS ORPHEUS D. BAXALYS ALFRED F. BOWDEN RICHARD J. BOYLAN DOUGLAS W. BRASHEAR THOMAS P. CONNORS JAMES R. COON JOHN A. CROWE JOHN S. DowD PRESTON L. FOWLER PAUL M. HAHN HIRAM R. HANMER EDMUND A. HARVEY HARRY L. HILYARD JOHN R. HUTCHINGS, JR. A. LERoY JANSON WILLIAM H. OGSBURY JAMES F. STRICKLAND OFFICERS PAUL M. HAHN ............ President RICHARD J. BOYLAN ......... Vice President JAMES R. COON .......... Vice President JOHN A. CROWE .......... Vice President PRESTON L. FOWLER ......... Vice President EDMUND A. HARVEY ......... Vice President HARRY L. HILYARD ........... Treasurer JOSEPH R. WATERHOUSE ...... Assistant Treasurer A. LERoY JANSON ........... Auditor J. WESLEY DALE ......... Assistant Auditor EDWARD D. FLAHERTY ....... Assistant Auditor JOHN W. HANLON ........... Secretary FREDERICK W. KENNY ....... Assistant Secretary Executive Office: Corporate Office : Transfer Agent: Registrar: 111 FIFTH AVENUE, NEW YORK 3, N. Y. 117 MAIN STREET, FLEMINGTON, N. J. GUARANTY TRUST COMPANY OF NEW YORK, NEW YORK 15, N. Y. CITY BANK FARMERS TRUST COMPANY, NEW YORK 15, N. Y. AI'M01 0255388
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i ~I'~0 1 0255389
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THE ,N4ERICAN TOBACCO C(]4PANY ELIMINATING AND ADJUSTING [rNTRIES ° CONSOLIDATED STATE~NT OF" INCOME FOR THE YEAR 19~1 -1- NET SALES 272,829,91 ~.1 ~ , SALES OF LEAF TO THE ~£RICAN TOBACCO CO~4PAHY CIGARETTES, SNOKING, ETC. 2~6,T~8.~'11.36 C I ~RS .6.0~1.1~2.78 COST OF BALES~ BELLING0 GENERAL AND ~INISTRATIY[ EXPENSES COST Or BALES 272,801,8~6.32 . COST OF LEAF ROLO TO THE AMERICAN TOBACCO COMPANY: CIGARET:ES, SMOKING, ETC. 263,469,O01 .25 CONHIS$1ON ON LEAF PURCHASES APPLICABLE TO MANUFACTURED RTOCK BOLD: C~,[rrES, SmKING, ETC. 3.16~,639.80 ¢I~RS 101,639.7~ LEAF AD Jus'rNcwr s CIGARETTEG0 &)iOKINGo ETC* 111.122.~ Su~P-us 28,067.82 N[T INTONE roe 1951 TO ELIHINATE A~41rRICAN SUPPLIERS° ~NCORPORATrO AN{) THE HATHEWAY-~TrANE CORPORATION RALES AND COST OF IALCB TO THE /LNERICAN TOBACCO COt4PANY. CREDIT TO SURPLUS° NET INCOi4E FOR 1~1 o REPRESENTS THE NET |NCREAS[ IN BALANCES OF ACCOUNTS CONTAINING CO~IBSlON (GROSS PROFUTS) ON LEAF BILLED BY AMI~RICAN SUPPLIERS° |NCOR~O4tATCO AND THE HATHEVAY'STEANE CORPORATION° APP&.ICABLE TO LEAF STOCK AND LEAr IN FINISHED GOODS INVEWTORIr$ OF THE AHERICAN TOmACCO CO#4PANY AT D[CE~(BrR 31, 1~1. DETAIL8 OF CREDIT TO BURPLUS FOLLOW: 31A.'K)* C(II, iHIIIION OH LEAF PURCHASES 27A3~o C(NOIIIIION ON LEAr IlVRCHAS[S APPLICABLE TO TINIBHEO QOOOS ~OTALS I~,LAN;fp DECC~KR 31, D*'CE*OER 31 ° !¢~ 1950 83, L:"35 .~9 ~ ,~ TT .36 ~,z .o7 (CO.~aNUEO) 2,; l:1 l" HO "I 02~5390
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TIE ANL'RICAN TOBACCO CONPANY ELIMINATING AND ADJUSTING ENTRIES - CONSOLIDATED STATEI, R:NT OF INCOliE FOR THE YEAR 1951 PAGr 2 -2- RETAINED EARNINGS BAt~NC[, DECENSER 31 , 1950 COST OF BALESp SELL•INGI GENERAL AND ADMINISTRATIVE EXPENSES COST OF SALES COST OF SALES " ClGAR[TTESp SMOKING; ETC. LEAF TOBACCO, NANUFACTURED STOCKj OPERATING 8UPPLI[$, ETC** AT COST LEAF STOCK RESERVE rO~ INVENTORY VALUATION OF THE LEAF DEPARTNENT OF THE /~,IERICAN TOBACCO COMPANY z,751.3~ 38,~6.38 TO CREDIT INCOtq[ VITH THE DECREASE FOR THE YEAR 19~1 IN THE ANOUNT OF THE I NTCRCOt4PANY PROFIT OF ~H[ AH[RICAN TODACCO CONPANY OF THE ORIENTw |NC*~ APPLICABLE TO TURKISH TOBACCO CARRIED IN THE INVENTORIES OF TH[ LEAr DEPARTNENT OF THE AMERICAN TOBACCO COMPANY, DIETAILS FOLLOW: I NTRRC(R4PANY PROFIT IN INVENTORIES DECENS[R 31, DCCU'~ER 31, DIVIDENDS FROM ¢ONSOLIOAT£D SUBSIDIARIES ~I4ERICAN CIGARETTE AND CIGAR COMPANY COte40N PREFERRED SURPLUS ~)7L13" OIVIDENDS PAID ON COMMON STOCK 97L18" DIVIDENDS PAID ON PRErEFlRED STOCK -3- 3,030,21;2.00 3.011 o~00,00 18.~,2.oo 3,011 ,6DO.DO 18.~2.oo TO ELININATE DIVIDENDS PAID TO THE AMERICAN TOBACCO COMPANY BY CONSOLIDATED SUBSIDIARIES. 3,030,2~2.00 (ComINU[O) :3 ............. J RIMOI 02 _'5.5391
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THE AMERICAN TOBACCO CONPANY ELIHINATING AND ADJUSTING ENTRIES - CONSOLIDATED STAT~ENT OF INCOHE FOR THE yEAR 1951 PAGE 3 R£NTAL UNO[R INO[NTUR[ OF L[ASC WITH TH[ A-qERIC&N TOBACCO CG4~4PANY DATED MARCH 31, 1932 COST OF SALEGt GELLING, G[NENAL AND ADT41NIGTRATIY[ ¢XPEffSE$ COST OF GALES COST OF GALES ~ CIGARS UNAB$ORBED EXP[NSE$ - CIGARS (~$GLL~r[ %/RAPPING NATERIAL AI~) EXPENSES - CIGAR& ADYERTIIING [XPENS[ STORE Ai~' GENERAL ADVERTISING " CIGARS INACTIVE [QUIPt4ENT Ak~) VACANT PROPERTY £XPENS£ VACANT PROPERTY ¢XPENS[ " CIGARS INACTIVE EGUIPHE*~T EXPENSE " CIGARS G[N[NAL AND ADHINISTRATIV[ [XP[NSE G~NERAL AND ADNINI8TRATIV[ EXP£NS[ L[ASEO TRADE-MARKS, TRADE NAME~, GOOD ViLL, ETC. - CIGARS TO ELIMINATE ANNUAL LEAS[ RENTAL, ~52,o9o.~ 756.36 187.L>9 ~.0~,~0 ,665.2~ 1.292.75T.1 2 ~53,o3~.5o GROSS CONNIS$1ONS EARNED FRO*4 THE AN£RICAN TOBACCO CONPANY UNDER CIGAR GALES AGENCY AGR£CNE~¢? COST OF GALE$o 8[LLINGw G[NERAL AND ADNINISTRATIVE EXPENSES ~VCRT|SING EXPENSE STORE AND GENERAL ADVERTISING " CIGARS -5- 635,~o3.67 635.~o3.67 TO ¢LtNINAT¢ CO~MIGStON ALLo~ro TO ~.HCRICA~ CIGARETTF. AND CIGAR CQt4PAH~' OH GALIES VALUE or HAVANA LINE GRANOS, (CoNTINUEG) R l" ;~0 10255392
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THE ANERICAN TOBACCO C0HPANY ELIH|NATING AND ADJUSTING ENTRIES - CONSOLIDATED STATEHEh~T or INCOHE FOR THE YEAR 19~I PAa¢ -6- PROFIT ON MANUFACTURING ACTIVITIES FOR ~£RICAN CIGARS'TT¢ AND CIGAR COMPANY PROFIT ON PALL HALL CIGARETTES 8OLD TO I~J4£RICAN CIGARrTTr AND CIGAR COMPANy INCON[ FROM BRANDS L[AS[D COST OF CONV£RTING [QUIPHENTw £TC*, FOR PALL HALL mmOOUCTION COST OF iAL£Sw $[LLINGp D[NERAL AND AD441NISTRATIV£ £KP[NS[S COST OF IAL¢$ COST Or IAL[S - ClGAR£TT£$~ SMOKING, £TC, BRAND L£AS[ R£NTAL 6,25o,066.52 52,000.00 70,635.90 6.~1 .t~o.62 6,~31 ,~3o.6~ 6,~1 .~3o.6~ TO £LIMINAT[ PROFIT OF THE /~4[RICAN TOeAC¢O COMPANY ON MANUFACTURING ACTIV|Ti£S TON ~tJ4£RICAN CIGAR[TT[ AND CIGAR COMPANY, COST OF iAL¢$~ $[LLING, O£N£RAL AND ADMINISTRATIV£ £XP£NSE8 COST OF SAL[S D£PR£¢IATION ON ASSETS L£AS[D FRO~ AM£RICAN CIGAR£TT£ AND CIGAR CONPANY INACTIVE ¢QUIP NE~r AND VACANT PROP£RTY £XP£NS[ VACANT PAOP£RTY EXPENSE - CIGARS I mUk¢TIV[ ¢QUIP N£NT CXm£NS[ - CmOANS OTH[R £KP£NS£S AND LOSSES PROFIT AND LOSS ON DISPOSITION or CAPITAL AI$£TS 6~4ORTIZATION OF L[AS£D PROP£RTI[$ -7- 12,657.8~ 10.756.1~ 9o.173.76 85,856.~ 23,~13.95 ,317.~,2 Rrr*INID [*MNIWQS 131 ,569.81 NrT INCON[ t'¢m 19'51 1~,1 .r~9.81 TO DUBSTITcrr£ D£PR[¢IATION FOR ANOftTIZATION ON FIX£O USLmrl L¢AS£O BY AN£RICAN CIOAR[TT£ AND CIGAR CONPA~Y TO TH£ AN1CRICAN TOBACCO CCN4P&NY AND TO $£T UP LOSS FOR TAX PURPOS[S ON DISPOSITION OF SAID A$S£T$ L¢A$£D BY AM£RICAN ClGAR£TT£ AND CIGAR COMPANY, D£TAILS FOLLO~t: (Co~trINVKO) O25~3 .~. 3
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ThE NqERICAN TOGACCO CONPANY ELININATING AND ADJUSTING ENTRIES * CONSOLIDATED STATEI.ENT Or INCOI'~ FOR THE YEAR 19~1 "T" (CoNT INUZD) ?~- AECRU[D O[PRKCIATION FOR TAX PURPO$[S $1N¢[ JANUARY I~ I~, Or F|X[O ABS[TB L[AS[O (ON AH[RICAN C|GAR[TT[ AND CIGAR COMPANY BOOKS) CRKDIT BALANC[ - D£C[MB£R 31B 131 CR£OIT OALANC[ " D[C[HBER 31p 1950 DECREASE 1951 ACCRU[O D[PRE¢IATION ON 1 ~1DIBPOSlTION$ D[PR£¢IATION FOR 19~1 COST OF BAL[8 VACANT II~OP~RTy [XPENS[ - CIGARS |NACTIV[ [QUIiI~4ENT [KP[N$[ - CIGARS D[OUCT, ANORTIZATION OF L[AS[O PROP£RTY [X¢[$S Of D[PR[¢IATION OV[R ANORTIZATION ADD lOSS ON DIBPO$ITION OF CAPITAL ASSI'T$: 7~IA~O- PROFIT AND LOSS fOR TAX PURPOSES ON L[AS[O rlX[O ASS[TI SOLDj [Tee, $1N¢[ JANUARY I e 19~'P (ON AN[RI(;AN CIGAR£TT[ AND CIGAR CONPANY OOOKS) D[BIT BALANC[ - D[C[MB[R 31, 19~O D[BIT BALANC[ - D[C[NB[R 31, 1951 LOSS ON 1~1 DISPOSITIONS PORTION Or N[T IN¢O14[ Or )~I[RICAN CIGAR[TT[ AND CIGAR CO#(PANY APPLICABL[ TO NINORITY INT[REST ~INORITY IKI"[R[ST IN AN[RICAN CIGAR[TT[ AND CIGAR COI4PANY R[TA|N£O [ARNINGS 103,838.1t); 12,657.82 10.756.1 127,zP2.39 9o.17~.T6 191,656.1 5 1"O Rg¢oRD NgT INCOtt[ IroR TH[ YgAR 19~1 Of" AHrRICAN CIQARrTT[ AND CIGAR COMPANY APPLICABL[ TO I~INORITT I NT[R[BT. DETAILS trOLl.W*" (Com'INU[O) ~ •
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TH£ AMERICAN TOBACCO COMPANY ELIMINATING A~ ADJUSTING I:'I~TRI,-----------------~ - CONSOLIDATED STATrMrNT Or INCOt, E FOR THE YEAR 1951 eAaE 6 "~- (CONTINUEO) COMPUTATION OF NET iNCOME OF AMERICAN CIGARETTE AND .CIGAR COMPANY APPLICABLE TO MINOR|~Y AND MAJORITY NET INCOt4E OF AMERICAN CIGARETTE AND CIGAR COi4PANY APPLICABLE TO COt4MON NET INCOME Or AMERICAN CIGARETTE AND CIGAR COMPANY APPLICABLE TO t~REr£RREO • ~J~ OF CGUITY IN COt4NON STOCK COST OF 8ALESm SELLING, GENERAL AND ADI4INISTRATIVE EKP£NSE COST Or 8ALES COST OF IAL[S - CIGARETTES, GMOKING~ £TC, RETAINED EARNINGS NET INCONE ro~ 1951 -9- TOTAL MAJORITY MINORITY ~E~.° 5,oo8,173.37 ~,8~ ,8o9.z2 186,3~,.15 ~.~.oo ~ 69,OI 9.1 2 69 ,OI 9,12 To DEBIT CONSOLIDATrO COST OF SALES WITH THE INCREASE FOR 19~1 IN THE AMOUNT Or PROFIT Or THE ~ERICAN TObACco'Cot4PAHY APPLIr.AHLt "ro FINISHED GOODS OY" ~4ER|CAN CtGARETTg AND CIGAR COI4PANY* DETAILS FOLLOW: UNREALIZED PROFIT AT D[CENBER 31, 1951 UNREALIZ[O PROFIT AT DECE~HER ~1, 1950 INCREASE --1G- OTHER EXPENSES AND LOSSES ~XC[SS Or PURCHASE COST OVER PAR VALUE OF 107 SlW&.IdR[S Or fPREF[RREO STOCK Or AMERICAN CIGARETTE AND CIGAR CONPANY iIPURCHASEO ST THE AMERICAN TOllACCO COt4PANY RCI"~IH[.O t*RNINaS NET INCOI4[ FOR 1951 . 69.019.12 k.569.oo TO RECORD AS A CHARGE TO CONSOLIDATED NET INCOME YHE EXCESS Or PURCHASE COST OVER PAR VALUE Or 107 IHARES Or PREFERRED STOCK Or ANERI¢AN CIGARETTE AND CIGAR CO~(PANY PURCHRR[O BY THE AMERICAN TOBACCO CO*4PANy IN 1951, DETAILS POLLOV: PURCNASE cost 15,269.00 PAR VALU£ 10.?00.00 ~XC£BS R 1" ~O "1025_~395
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\ THE AMrmlC~N Tm,ACCO COMPAre' ELIMINATING AND ADJUSTING £NTRIES - CONSOLIDATED BALANCE SHEET DECE.BER 31, 1951 PAYAB/rS TO UNCONSOLIDAT[O llUBSlDIAR~EG 5~-20- TH[ A~I¢~IC*N ToeAcco COMPANY ]~0A3"{- THE HATHEWAY*$TEANE CORPORATION -1- R£¢[IV~LCS FROM UNCONSOLIDATED 8UOSlD|AR|ES ~0~.~* ~JI[RiCAN ~U~PLIER$D |NCORPORATED ~OA~- THE HATH[~AY'STEAN[ CORPORAT|ON ~0~)0- AH£RICAN CIGARETTE AND ClllAR COMPANY TO rbININATr INT[RCOHPANY R[Cr|VABL[S AND PAYABLE8, 339,635,~5o.86 ~o~ 161 88 335,839,~8.e~ 2,T76,~96.96 CmEot~ 3~O,O39,612.T~ CAPITAL STOCK CAPITAL STOCK Or 8UO$1DIAR|[S CONSOLIDATED COH~ STOCK= lINER|CAN SUPPLIERS; |NCORPORAT[D THE HATH~AY-ST[AK[ CORPOftAT|ON |NYESTt4ENTS |NV[|THCNTB IN DOH[$TIC |~SlD|&RI[S CON$OLIOAT£b HEm[IN! ~0AIO-- INVESTt4[NTS WHOLLY OilED DON£$TI¢ 8t~$1DIARI£8 ~ETAINtD EARNINGS: BALANCE D[CtV~tR 31, 1~0 -2- 7 ,.9:)0,000. 0¢ I ,ooo,ooo.o0 8, T~oo,ooo. oo TO [L|NINATE |NYESTNCllrr$ IN CAP|YAL STOCKS Or ¢ONgOLIDATEO $~SIDIARIESb EXCLUSIVE Or ~NERICAN C|&KR[TT£ AND C|OAR CONPANY* -3- RETAIN[D £ARNINGS BALANC[, DECt#OtX 31, 19~:>O 176,010.91 NeT I~COt~ ro~ 19~1 28.0(;%~ LEA~ TODACCO MANUPACTURED 8TOCKw OP[RATING etlliPL|[$~ L'TC~) AT AV[RAII[ COST ~;,~00,000.00 (CONT I NUEC ) 8 t~ 1" ~0 1 02 553 .'9. 6
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YH~ A~RICAN TOaACCO COVPANY ELININATING AND ADJUSTING ENTRIES * CONSOLIDATED BALANCE SI'ETT ~C£MBER 31, 1951 PASE 2 F,NlSX¢~ BOOBS= 27A3~)- ¢OMHISSlON ON LEAr PURCHASES APPLICABLE TO FINISHEO aooO= LEAF STOCK: 31A50* Commission ¢~ LEAF PURCHASES "3- (CO.T~NUE=) To ELININATE FROH CONSOLIDATED R£TAINEO EAR~INGSI COW, MISSION ON LEA? TO6AC¢O SALC8 BY AMERICAN SUgPLI£RS, |NCO~PORAT£D AND THE HATHEWAY-STEANE CORPORATION TO THE AMERICAN TOOACCO CONPANY APPLICABLE TO LEAF STOCK AND FINISHED GOODS ON HAND AT DEH£NBER 31, 1951. TH[ OEelT TO INCOME FOR THE YEAR 1951 REPRESENTS THE INCRE~[ OF THE BALANCES IN THE ANERICAN TDI~ACCO COMPANY ¢OHI41SSION ACCOUNTS AT DECEHBER 311 1951, OV[R THE OALANC[$ IN THE SANE ACC(N.INTS AT DECEHSER 31, |9.~), DETAILS POLLO4t: 27A35- COMHISSlOH ON LEAF PURCHASES APPLICAIBL[ TO FINISHEO HOODS 31A~. C~ISlIOH ON LEAF PURCHASES (A¢COt~MI"S OH BRANCH aOOH$) ~ALANCES DECE*~ER 31 o DECENe[R 31 , 120,843.44 91,833.55 ~9,oo~.89 .I;° RETA=NEH [ARm=NOB 38,236.38 BALANCE, D[¢¢~BEm 31, 19~O ~D,9~7,22 NE~ ~NCO.[ ro~ 19~1 LEA? TOeA¢CO, NANUFACTUR[H 8TOCK~ OPERATING SUPPLIES, [TC*: AT AVERAGE COST LEAF 8TOOKI RE#[RYE FOR |NV[I~I'ORY VALUATION OJr ~HE LEAr DERARTNEHT 0¢ THE ~RICAR TOBACCO COt4PANY 38,Z36.38 ~'O [L/N|NATE IrRoN RI:TA|NE~ £ARNIN¢IS# THE EARNING= Of" THE AN~RICAN TO6ACCO COI4PANY iF THE OR|ENTI IN¢*= APPLICABI.E ~ro TURKISH TOIAC¢O CARRIED fN THE INY(HTORIE8 O? I"N£ LEAr DEPARTNEHT ef THE AHERICAN TOBACCO CO.PANT AT DCCC~[m 31, 19~1. THE CREDIT 1"O INCOHE FOR THE YEAR 1951 REPRESENTS TH( DECREASE or THE ANOUN~ Of* THE REQUIRED VALUATION ItlEIER~ AT DECENB[R 31, 1951, UNDER THE ANO~ REI[RVEH AT DECEMBER 31~ 19~0, AS rOLL~= RCOU;REO ~Nouwr A~ D£cr~mER 31 , 1951 38,~36.38 Ax~J~r M[SERVEC A~ DECENSER 31, 1950 DECREASE (CO~TCHU[O) 9 RI"F(O 1 025~397
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THE A,'qERICAN T(~ACCO ¢OHPANY ELININATING AND ADJUSTING ENTRIES - CONSOLIDATED BA.LAHCr SHEET DEC£HBER 31, 1951 CAPITAL STOCK CAPITA, STOCK Or III)6$1DIARI[$ ¢ONSOLIDATrO: CO~40N STOCK PREPrRItro IITOCK "5- ~[TAI N£D £ARN ING$ BA-AHCr. I~ccle[~ 31, 1950 N~ I.CONE rOA 1951 INYEST~NTS iN DOi41[lITIC CONSO, IDATrO llt)B$1D|ARI£8: CAPITA, STOCK8 OF AIAJ[RICAN CIQARETTr ANO CleAR CO~PA~y ~2A10- I~[IITNEk"r PART,Y OWNED 8UD.S|DIARIr8 1~,000,000.00 1,166,~,95.B5 .1l~.~60-7~.9.85 o171 ,o6.~.85 1~,~6Oo749.85 Tin[Astray STOCK AT CO~,T 9.~..10- TNCAStmY mtoC:K (co*.e¢O~ STOCK) 71 'J ,76~. oo MINORITY CNI'£R[eT iN AMI:RICAN CIGARrTT£ AND CIGAR C~4PANY I~Ole40~ STOCK .~ ,2 ~0. O0 pRT IrrNR [O STOCK _ ~.~00, OO To E, IMINAT[ INVIEIITIA[NT/I or Tfl( Ale;RICNt TOaAC¢¢ COiqPANy IN CAPITAL STOCK or AN[AICAN Cll;klt[TTr AND CISAR COHPANY AHO TO RE¢OI~D MINORITY INTTREST THEN[IN AT D[¢rMBER 31, 19~1. DrTAIL$ 1~O,,O4~ PAR VALU_..._._._.~¢ B oo*cV,~.~[ CNARO£ TO RTTAIN£D [AN.I.~ CoioION irrocR s INV[rrNrNT OF" TN[ ANERICAN TOGACCO CONPANY TREASURY STOCK OF AhI£NICAH CIGARETTE AND CleAR Cet~AN~ MINORITY 114T£REST PRET£NArD OTOCK | |NYESTMENT or THE AI~RICAN TOBACCO COMPANY ~4 iNOR iTY I wr tit rJT ~RAND TOTAL 7~1,7~5.oo 396,76~.oo ~,~@.oo ~9,.~.0~ ~ ~,2~.~ 13,'~7~,7~.o0 ~,5oo 31 ~,o0o.oo 7.275 rr~0g*2 r)o • O0 ~.oo, o~ ~.o~0~oop,op 3,'*o7 3~o,7oo.oo 882 8~,~oo.oo (¢O~T4WCO)
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THE ANERICAN "roBACCO COI~ANY ELININATING AND ADJL~'TING ENTRIES * CONSOLIDATED BALANCE SHEET occtme:e 31, 19~ PAOZ RtTAINZD ¢,~IININO$ BALA~C, DCC¢~,BC~ 31, 19.50 NeT I.¢m,~ FoR 1951 9'7L13- DIVlD£NDS PAID ON ¢O~4ON STOCK 97L1~- DIVIDENDS PAID ON PR[P£RR[D STOCK 378,~5.3e 191,656.1 5 116,~00.O0 hh8,83%53 NINORITY INT[RtST IN AN£RICAN CIGARETTE ANO CIGAR CO*4PANY R£TAIN£D £ARN|N~ ~,839.53 TO BZOOND THE POtaTION ,~" RETAINED £ARNING.S O~ AI4[RICAN CIGARETTE AND CIGAR CO~IPANY aPPLICABLE TO MINORITY INTEIttBT AT O£¢I~NO£R 31 p 19~1 e Vl~| Ifl'r£Rtcr AT OE¢CNeCR 31, I~'1 I P~ VALU£ or co*e~N STOCK £X¢LUDING "rR£,~J~UNY STOCK PIER ¢¢NT O~' OWW£RBHIR R£TA IllED IPAJtNI~I i ~.685.oo?.oo., 1%1"15.75o.oo 5o9.2 T,o. o9 .Loo~_ , 96.~88 .... ~.?~,12 A.*~vsls or m**C~ITT i~IERCSTS B~.A,CE AT Dcccm.ce 31. 1950 ADDe NrT INCM[ IPOR 1951 DEDUCTs DIYID£NOS PAID PIt¢r¢~BiED ComO~ B~A~C£ AT Dzc£~.O~R 31, 19~ 5,L~92.00 ,, ),~6,koo.oo 570.531.53 R[TAIN£D [ARNINll 8Ac,U¢£o Dz¢£*~IEe 31, 1950 N~ Iwce*,~ roN 1951 Lr~r TOBACCO. PINIONED GO~$e OPERATING I~PPLI¢$, [TCej AT COlT flNlIH£O I~H)OB ~AIO- FI.IOICtD ee4os -T" k9,339o27 118o358.39 118,3P8.39 I TO [LININAT[ TROll CMOLIOAT£D flETA|N£D [AItNING.~, PROFIT Or TR~ ANrRICAN TOGA¢¢O rAII4PANY IN£LUB£O IN FINION[D tIOOl~ INV£NTiRY OF AN£RICAfl CI~kRrTTE AND CIGAR COMPANY AT DE¢E~£R 3I. 19~1, DI2slT TG INCOME REPR[O£NTO |NCItEAOIf IN THIS pROFIT AT [NE~£R 31 , 1~1 • OVER PROFIT AT DEC£mCf~ 31 ~ 1~0. DETAILS FOLLON! PaOFIT AT Dcc¢~mra 31. 19~1 118,3~.39 PWIT ~T DIEOm*IE* 31, 19~o f~l" ~0 1 0255399
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THE: .~,[:RICAN TO~CCO CONE'Am' [LINII~TING AND ADJUSTING IF/TRIES * CONSOLIDATED BALANC~ SHEET DECEHE~R 31, 19.~1 ~[AL ESTATEw MACHINERY~ flX~rUR[Sw [TC,~ AT COST 6~Io- L~D ~A~- BUILDINGS AND BUILDING rlXT~I~£8 NAC.I~rR'.' AND [eutRNrm- 6~0* MACHIN£RY AND EQUIPMENT ~IA~- MACHIN[RY AND EQUIPHrNT OH ITORAG~ 7~)0- FRESH t/OAK CIGAR NACHINr8 - LEAS[I~ FROI4 ANERICAN CIGARETTE AND CIGAR COMPANY "~- FRESH VORK CIGAR NACNINI:$ ON STORAGE- LEASED FROM AMERICAN CIGARI~TTE AND CIGAR COMPANY OFFICE Tt~RNITUR[ AND [QUII~4ENT 6,~A6~- Orrlcc r~NITURE ~ND [QUIIq([NT ~0-- OFFICE fURNITURE AND CQU|PI4ENT ON IITORAGE R£G£~V£ FOR DEPRECIATION OF UUILOINGSj NACfllNERYw rlXTUR[Sp [TC, ?OGLE)- RESERVE FOR AMORTIZATION OF FIXED *GRETA UNDER |NOENTUR[ OF LEAS[ GATED NARC. 31, 1932 ec'r,Pd NED [~xl~s BA-*NCC, O"CCNKR 31, 19p0 Nrr ew¢eN~ reR 12 Nwrrm [Np[~ DECEMKR ~1, 19~'1 REAL ~STAT£I MACHINERY, FIXTUR[D, CTC,; AT COlT 6~1~- FIXED ASSETS AND INTANGIBLES UNDER |NUENI~/N[ OF LCAIE GATED MARCH ~|, 19~2 ~,O- AI4ERICAN CIG~[TT[ AND CIGAR CMPANY LCAGED PROPEWrY PUI~CHADEO AND &OLD ACCOUNT RESERVE FOR DEPRECIATION Of GUILDINIRa NACN|NtRy, fIXTURES, [TC* REi[RV[ FOR DEPRECIATION OF GUILDING$ AND BUILDING RIXTURE$ ?O/~- RESERVE FOR DEPRECIATION OF BUILDINGS AND GUILDING fIXTURES ~GERVE FOR DEPRECIATION Dr NACHINERY AND [QuIPI4ENT ?Qi~C)-- ~EGERVE FOR DEPRECIATION Or NACNINERY AND [GUIPN£N~r 13~o;~;z6.28 - 3,183,197.~1 , '1,395,~z~.39 " 38.1~.9o 36,O00.00 " 21 ~,000.00 " P,237,1~ .9~ ..... '~'~ .=,~..8= .Wo,'i~,T.;~G - 5.368;Tll .T6 (COml~UEO) hl"~O 1 02~400
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Tl~ AHER lEAN TOBACCO COH~Ai~ ELIHIN~TIHG AND ADJUSTING ENTRIES - CONSOLIDATED ~,L.ANC[ S~[rT DECEI4B~R 31, 1951 PAGE 6 -8- (CoNTINUEO) REeERVE IrON DEPRECIATION elf IrREGH WORK CleAR NACHINE$ REIERV£ IrON DEPRECIATION Or OFfice IrURNITURE AND I~UIPI4ENT ~0~60- REIERVE roe DEPRECIATION OF OFFICE rURNITUR£ AND [QUIPi4ENT TO let UP Ir|XICO ASSrTB LI[AB[C MY ANCRICAN CIGARETTE AND CleAR COMPANY TO THE AMICRICAN TOBACCO COHPANy AT eROeS lOOK VALUES AT DECEMBER 31 e 19~ s [LININAy£ THE kCCin4ULkT[D R[IrRv[ FOR ANO~TIEATION AT DECEMBER 31 • ~9~1 o ARC eUeBT|TUT[ DEPRECIATION CHARGE AND APPLICABLE eESERVr, VIE: 7~?O- FIX£C ~J~gTS AND INTANGI|L[$ LEVIED FRON AN[RICAN CIGARETTE AND CleAR COMPANY: ((XCLUSlVE O~ l14PROYL'34tNTG TO PROPERTY LEASEO) L~JCD BUILDINGS dUcD BUILDING IrlXTUR[8 FREeH tfORK CleAR MACfllN[8 - ACTIVE FREBH WORK CIGAR NACHINER - OH eTGRAG[ MACHINERY AND [QUIPtC£NT - ACTIVE ~ACHINERY AND ~UIPtF~NT - OH ~TO~AG[ OlrlrlCE IrUi~NITURE AND [QUIPI4[NT - ACTIVE Of'riCE FtmNITURE AND CQUIPI4ENT * ON STO~AG[ ~M~ANDS, TRADE~MARKRm 41000 WILLt ETC. TOTAL 7~A1~" ~[R£RVE IrOR DEPR[CIATiON TO DECEi4D£R 31 , 1931 , GN CURI~NT VALUE ¢)f" IrIXED AIIET8 LEAIED IrRON AI4~RICAN CIeARETT[ AND CleAR COtCPAHY: 8UILDIN~ AND BUILDING IrlXTURE8 f'R£RNtFORK CleAR 14ACHIN[I 14ACHIN~flY AND EQuIPRN7 OlrlrICE PUNNITUR[ AND [QUlfql4E~ ~RANCNES AND LEAr NEw Y O~ OrrJc[ pEpARI"NItRTS 1~ 1 o8,979.37 ~5,t),6.91 'l 3~ ,226.28 36,oo0.o0 36.ooo.oo ~16,000.O0 216,000.O0 1,2To,719.~9 I ~5,~0~.9o : ,395,92~.39 37,z~.o~ 96o.~ 38,1~',.9o 63,o76.95 19,1~5.65 ~,222.~0 49,771.63 ~,223 .~ I T8,~)5. __ 18.~gg.0g 1 .~2~. O~ ~o,c~1.1~ ~6~.~.6~ _ ~ oo.~3.~ ~6~so.6~ TOTAL 8AJ.ANC[ DEC[mEN 31 , 19~ 231,439.57 ,o7~ ,o~.8~ 7~A~- ACCRUED DEPRECIATION IrON "tAX PURPOR[S SINCE JANUARY 1, 19~, oN Ir:xEc ARSETS LEAeED (O~ &N[RICAN CI~ARETT[ AND CleAR COMPANY BOOKI) BUILDINiLII AND IUILGIND IrIXTUREE FREER VORK CleAR ~ACHINrS NACHIli~NY AND CQUIPt4ENT OffiCE IrURNITBN[ AND I[QUIPtMENT (Co~INU[O) 13 R1"~01 02 554..01
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THE ~RIC*N TO~CCO C0m~Y [LININATING AND ADJUSTING ENTRIES - CONSOLIDATED BALANCE SHEET ~CEV~:R 31, 19~ PAGE 7 -8- (Co.: t.uED) TOTAL N¢ICRV¢ for K~EC,ATtoR to* TAX PU*POS(I AT DrccmEN 31, 1951 BUlLDINM AND BUILDING FIXTURES ~'NEIH WORK CIGAR MACHINE8 ~ACHIN[RY AND EQU|PI4ENT OffiCE fURNITUrE AND rQUIPNEN'¢ ~15- F|X[D A||ET$ AND INTAI~IGL[$ UNO(R IND[NTU~[ Or -[AS[ DATED MARCH 31• 1932 (ON ~RICAN CIGARETTE AND CIGAR C~4PANY OO~K8) 6~c* AN~NICAN ClGARrTTr AND CIGAR CONPANY LEAIED . pRoPrRTY PURCHASED AND GOLD AC¢OONT (ON TN[ /U~RICAN TOBACCO Cel4PANY BOOKS) TmAL Nrs¢Nvr voR OrPNECtATiON FOR T*X PU*POSES A~r DrCCNGER 31 • 19~1 AS ~Bovr DIE I~¢T ! GNOI$ BOOK VALUE OF rlXrD A$I[TI AI AGOVr L[I$I IItANDle TRADr*II4ARK8. tOOD~/ILL, rT¢. ¢HANGro TO RETAINED [ARNINQ8 ?~1~* RESrNVr VOR ANORTIrATION Or rlxro /dllrT$ UNOrlt INDrNTUR£ OF" L[AJI[ DATCO MARC. 31, 1932, (ON AN¢*ICAN CIGARETTE AND CIGAR CONPANY GOOKI) ADJU$TN¢NT itl~UIRrD DUE TO GUGIITITUTION OF DrPNECIATIOR for ANONTIZATION ANALYSIS or ADaUlmcEwr: RETAINED [ARNIN~II, D[CENI[R 31, 1950 FlIT INCOI~ for 12 NO~TNS cNGrG {)~C¢~Z~ 31, 19~i -9- REAL I[$TATEe NACNlli[NY* FlXlrUR[Io [TC.o AT COlT ~jA3~- BUILOINI! Am IUILDIN$ rIXTUNEI NACHINKSY AND S'QUIIqi[IIT (~10- NACNIMIrRy AND IEQ¢lllIq~ENT 3o5,~98,o? 1.8o~.~8 , ~o7,~ofi.55 .~5.'785.8~ 5,23T,ib, 1.95 3o7,3o5.55 BALANC[ D[CENBER 31 1951 ,T2O,t4T.28 2~6,522.~5 1,25~.0e0.3~ _ ~.~ ,~,9~ 8.499 .'/T/.5~ ~s,~.~ I ~,~33,952.5~ ~,865.240.T5 5.~(~.~11.7~ I(Cem'lWtD) 0255402
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THE AMERICAN TO6ACCO COHPANY IlL|MINUTING AND ADJUSTING EKTRIE$ - COHSOL|DAT[D I~AL.ANC[ SHEET ~CE~R 3t, ~9~ eAaE 8 -9- (CONTINUED) ~ RESERVE POR DEPRECIATION OF BUILDINGSo MACHINERy, FIX'rtRtESo [TC* ?(~1- RESERVE FOR AMORTIZATION I~r INFROVENENTS TO PROP£RTY LEASED fROM AMERICAN CII~R[TT[ AND CIGAR COMPANY ~UILDIN~L9 AND GUILDING fIXTURE1 MACHINERY ANt) EQUIPMENT REAL [STATE, MACHINERY, rlXTUFtESp [T¢, AT CO6T 6~A21- INPROV~NTS TO PROPERTY LEARED FROM AJ4£RICAN CIGARETTE AND CIGAR CONPANY BUILDINGS AND eUILOI~G fiXTURES t4ACHIN£RY AND (OUII~IENT REIRRV£ P~ DEPRE¢|ATIGN GF RUILDINO$, NACHINERYe FlXl~/RES~ ETCo ~012~)- RERERV[ FOR DEPRECIATION OF IUILOINOS AND EUILOINO FIXTURES 7o1~o- RERERV£ FON DEPR£CIAT|ON OF NACRINERY AND EQUIPI~NT 3,~6.o9 _ ~.61 3,67o.7o To RECLASSIFY AS fixED ASSETS AND RESERVE FOR FIXED AOSETS THE BALANCES AT DECENDER 31, !~51 Ifl ACCOU~ Nos, m6~A21- I~ROVEm:~S To PROPERTY LE~ED rRo~ AI4~RICAN CIGARETTE AND El ajaR CONPANYm AND t~O~I- REOERV£ PON J~IONTIZATION Or IMPROVEMI[NTS TO PROPERTY LEASED FROM At~RICAN CIGARETTE AND CIGAR CO44PANYe 30T,305.55 ~,,~o.7o -I O- m:TA~NrD EARI"~ 3, O30,2~2. O0 No, INDo~ ,OR 195"1 O~ RETAINED EARNI~$ ~/~LI~- DIVIDENDS PAID ON C~ON STO¢~ y~LI~- O|VIDEND$ PAID ON PRErERRED OTOCK TO ELIMINATE DIVIDENDS TO TH~ ANERICAN ~O~ACC0 C@MPANY BY ITS CONSOLIDATED St/BSIDIARI[$* ~L'TAILS FOLLOW: CO,CleON P~r£RRICD ~ JlL~LeJ;~a ~RICAN CiSA~"r'rc Axo C*~R C~'A,Y ~..011~600~_~ _ 18.~;Z.O0 ~.0~0.2k2.00 (C,~rrlm~o) 15 RT,~01 025~4.03
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THE ANERICAN TOBACCO COHPANY [LIHINATING AND ADJUSTING ENTRIES - CONSOLIDATED BALANCE SHEL~r DEC£14~R 31, 19~1 PAOZ__.~. .... -I I - I~)RT~tQ[S, HOT[ R[CEIVNBLEp INSURANCE DEPOSITSt ETC* ~2~*00 GASo rATER AND OTHER DEPOSlTB HIBCELLANEOUS ACCOUNT8 RECEIVABLE ~25.00 20A6.~ GASe rATER AND OTHER D[RO$1TS TO RECLASSIFY AS Islk~RTGAG[BB NOT[ REC[IVABL(~ INBURANC[ D[POSIT&~ ETC**w At4[R|CAN CIGARETT£ AND CIGAR CO'pANT, D~C[NBER ~11 ~']o BALANCE |H ACCOUNT NO. ~2~6~ ~LB, rATER AND OTHER DEPOSITS.~ -12- PAYABLE8 TO UN¢OH$OL|OAT£O 8USB|DIARi[$ ~OA~- H[NRY CLAY AND BOCK ~ COMPANY, LINITEO R[C[IVAJbLEI rmOH UNCOHBOLIDAT[D 8UBBIDIARI[6 ~0A~'~* HENRY CLAY AND 8OCK ~ C~PANY, LINITED ~,~2.11 3,~2.11 To Orrl[T iNTENCONPANY R£C[IVABL£ AGAINST PAYABLE ACCOUNT* 1(; _.,.I-04-
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THZ AMERICAN TOBACCO COMPANY RECLASSIFICATION ENTRIES. - BALANCE SHEET DIZCEMBZR ~1, 1951 |NVEITMEN'rB| SECURITieS Of UNCONSOLIDAT[O SUBSIDIARIES OTH[R$| THE AMERICAN TOBACCO COMPANY OF THE 0RIENT~ INCORPORATEO INV[BTH[NT iN THE A~ERICAN TOBACCO CO~(PART Or THE ORIENT, INCORPORATED |NV[BTNENT$| INVESTMENTS IN DOMESTIC SUBSIDIARIES COMIOLIDAT£O ,~1~10~ |NV[STMCNTB ~(HOLLY OWNED DOMESTIC $UBSIDIARIR5 "1- 560,000,00 ~,000.00 TO RECLASSIFY CAPITAL STOCK Or ~HOLLY OVNED DOt4[ST|C 8UB$1DiARYI THE AMERICAN TOBACCO COMPANY OP TH£ ORIENTo |NCORPORATEO, VHICH WILL NOT O£ ELIMINATED ON CONSOLIDATION* iNVEITN£NTS SECURIT|£1 Or UNOONBOLIDATEO SUBSIDIARIES OTHERS: CUBAN ~DBACCO COt4PANY, IRe* RESERVE AGAINST INVESTMENT NET GOLDEN kLT HANUFACTURINO COMPANY -2- INV£STMENTI: |NV£BTMEN'rS IN DONEITI¢ $UBSIDIARI[8 CONSOLIDATED ,~10- INV[STNENTB PARTLY OWNEO DO04ESTIC &UOS|DIARIE8 39~ .o~.96 ~75.ooo.oo 16.o58.96 2.1~0.0~7.20 2.!66,106,16 To RECLASSIFY $[Ct~lTI[$ Or THE FOLLOVlNO SUBSIDIARIES NOT CONSOLIDATED: CUBAN TOI~CCO COIdPANY |NC. R[I[RV[ &GAINIT INVEBTI4[I4T NET GOUDEN ~I[LT ~ANUFACTURING COt4PANY 2,166.10~.16 ~75.000.00 2,1(:>6,106,1 6 2.166.1o6.16 tCom't m.~r,~,) 17 f:l 1" ~O 1 02 55,-1-05
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TIE AMERICAN TOBACCO C~Ah'Y RECLASSIFICATION ENTRIES o BALANCE SHEET OCCEM~ 31, 195~ PAGE 2 -3- MISCELLANEOUS ACCOUNTS RECEIVABLE 1~6,(:~6,66 BILLS ANO NORTOAOES RECEIVABLE MORTGAGESI NOTE RECEiVABL[~ INSURANCE DEPOStTS, ETC. I~6,666.66 ~10- BILLS AND MORTGAGES RECEIVABLE TO RECLASSIFY TH[ AMOUNT OF MORTGAGES RECEIVABLE WHICH iS EXPECTED TO BE COLLECTED ON OR BEFORE DECEMBER 31, 19~1. DETAILS FOLLOW| LUCE MANUFACTURING COMPANY PETER J. SCICdEiTEERo INC* 16,666.66 MORTGAt[|~ NOTE RECEIVABL[~ INSURANCE DEPOSiTS~ ETC. ~)~1 ~- MUTUAL fLOATER INSURANCE DEPOSIT 1,068,300.00 PREPAID EXPENSES AND DEFERREO CHARGES ~1~1~- MUTUAL FLOAT£R INSURANCE DEPOSIT 1,0(~,300.00 TO BECL&~ISIrY PORTIONS OF THE BALANCES or ACCOUNT NOS, !~1~- MUTUAL FLOATER INSURANCE DEPOSITI AND 1~3~" UNEXPIRED INSURANCEI SO THAT THE BALANCES RECORDED UNDER mHORTOAOES0 NOTES RECEIVABLE~ INSURANCE DEPOS|T6w ETC.I REPRESENT ESTIMATED AMOUNTS WHICH ARE CONSIDERED TO BE BECOVERABLE. ACCOUNT NO, m~Al~- MUTUAL fLOATER INSURANCE DEPOSITs CNSNATiON FLOATER IO0~MUTUAL FLOATER TOTAL ACCOUNT NO, ~0AI~ [STIK4TED EITINAT[O BALANCE PREPAID DEPOSIT 8~,111.62 11~,111.62 T30,OO0oOO ACCOUNT NO. I~OAIO- F.I.A, fLOATER INSURANCE DEPOSITm 11.269,~2 ACCOUH'r NO. I~A20- JOHN C. PAIGE fLOATER iNSURANCE DEPOSIT" ~5.¢~5.~2 i i , (Co~iNUEO) 18 191" MO 1 02 5-~4.06
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TH~ AHER I CAN TOBACCO COMPANy RECLA~ IFICATION ENTRIES - BALANCE SHEET DECEMBER 31, 1 951 PAor 3 '~" (CONTINUED) Us£ ANO OCCUPANCY - I(~X~ HIJTUA~ CIGARS ~LANCC PER ROOKS [ET|NATED O¢POSIT RecoveRABLe RECLASSIFICATION USE AND OCCUPANCy - CCN4BINATION MUTUAL -¢/GARETT¢ BALANCe P¢R BOOKS EStiMATED DEPOSIT REcoveRABLE RECLASSIFICATION TOTAL RECLASSIFICATION . • ACCO,gNT No, 36,295.2~ 13,252.32 ~0.~27.62 ~.O~2 .~8 ~ .0~2 .'~8 97,916.oo ~,o32.38 4,crt2 .'~8 4 .~2.~8 I~ I LEAF TOOACCOo MANUFACTURED STOCK, OPERATING RUPPLIEE# ETCo, AT AVERAGE COST FIRIIHB GOODS 27A20- PROVISION fOR INTERNAL REVENU[ STANPS LEAF TOBACCOp 14ANUrACTURCD STOCKj OPERATING SUPPLIES# EYC,j AT AVERAGE COST 3~A30- |NT£RNAL REVENUE ITANPS "5- 862.695.1o 8~,695.1o TO RECLA$$1rY THE ANOUNT Or INTERNAL REVENUE STAMPS ATTACHED TO rlNISHCO GOOOS OH HAND AT TH£ DRARCH£S ~T DECE~ER 31, 1951# PER THE FOLLOk#ING DETAIL Or ACCOUNT NO. 13~30- INTERNAL REVENUE STAHP$~~ FURNISHED BY EACH liRANCN, CNARLER'ro. 81 ,056.55 ~ #(~7.~ 16#368.87 OuRN*M I ,55~,I 25.59 I ,270#593.O3 283,532.56 LOUISVILLE 9B0,185.30 803,145.o9 177,o4o.21 NAR.VI-L[ 5,458.37 4o.11 5,418.26 I~ILi~,ru"HIA 6b,,081.85 55,T~6.77 I/2 8,335.07 I/;~ Rr IDSVILL[ ~5,281;,0~ 98~,948.00 10,336.O8 SCRA~roN~, LKES "~RR[ -ASNLEY 1 03 ,~8.33 80#638.83 22,909,50 V IRaINla I~8~.761.0~ 1 ,~O5,O06.50 ~8.75~.~ TOTAL 5.627.r)O1.12 4.T61~.~O~;,o!. 1/2 ~+(~5,10 1/2 {CONTINUED) 19 Pll:'tO 1 02554.0?
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THE AMERICAN TOBACCO CONPANY RECLASS IFICAT ION rNTR IES - BALANCE SHEEr DEC(~ER 31, 1 951 PAOE h -6- PAYABLES TO UNCONBOL IOATED SUBS I O I AR I ES 801.10- NOV YORK OFfiCE COI~TROL ACCOUNT 2~T,5~9,~2.88 RICEIVABL[$ FROH UNCONSOLIDATED BUBBIDIARIE$ 90A- BRANCHES OF THE AMERICAN TOBACCO COMPANY AND LEAr DEPARTMENT TO ELIMINATE THE BRANCH, LIAr DEPARTNENT AND NEI# YORK OF riCE CONTROL ACCOUNTS* 2~,7,~9.86z.88 ACCOUk'TB PAYABLE 20LlO- ACCOUNTS PAYABLE ACCRUED AI)V[RTIBIN;, lYE., EXPENSES 2OL13° ACCOUNTS PAYABLE " ACCRUED PAY ROLL ACCRUED TAX£B ACCOUNTB PAyABLC " SOCIAL BECURITY AND OTHEN TAXES (BRANCH BOOKS) -?- TO RICLASIIFY BRANCH IT[NB OF ACCRUED PAY ROLL A$ IOTHER ACCRUED EXP[NBEBg AND Or BOCIAL BECURITY AND OTHER TAXES AS IACCRUEO TAXEB*I MORTGAGEB, NOTE RECEIVABLE, INSURANCE OEPOBITBp [TC. GAB, WATER AND OTHER DEPOBITB ACCOUNTB PAYABLE 20L10- AccouNTs PAYABLE MISCELLANEOUS ACCOUNTS RCCEIVABL[ ~:~)~6~* GAB, VAT[R AND OTHER DEPOSITS 2,676.o6 2hS.gh 2,9Z~.00 To ItECLASllrT YHr BALANCE IN ACCOUNT NO. m20A65- GASw WATER AND OTHER DEPOSITS" AT DIcrNBER 31 w 1~1. APlDI. IDABL[ TO 20LI 0- HORTGAGIr S, NOTE ACCOUNTS R gee IWUSL-'.E'rc. b,25.oo 4z~.oo 2, rrjO~.OO ;~ ,2'~1 .06 2~.9~ 2.92~.00 2.676.0~ 2~.9~ DITAILB FOLLOt#: UN|T[D AiR LINES D[POBIT POSTNASTER - CiTY OF NL*W YORK DEPOSIT FOR UNNET[RED NAIL (Com',xuEo) -. 2 RI~01 02 5BLI..08
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THE ~ ICAN TOBACCO COMPANY R£CL.ASSIFICATION ENTRIES - BALANCE SH~CT DEC[~R 3t, 1951 PA GE~_ THREE PER CENT DEBENTURES TWENTY YEARw MATURING APRIL 15. 19~2 TWENTY-riVE YIAR, MATURING OCTOBER 1~, I~6~ TVENTY YEARo MATURING JANUARY IB 19C~ -9- 9,~56,000,00 3,398,ooo-oo 3,058,00o,00 ~,ooo.ooo .oo DEBENTURES TO S[ REDEEMED THROUGH SINKING rUNS OPERATIONS 9,~56,000.00 TO RECLASSIFY• AS A CURRENT LIASlLITY• THE PAR VALUE OF DEBEI~ruREs TO BE REDEEMED IN ~ ~2 THROUGH OPeRATiON Or SINNING FUNDS, "1 O" ACCOUNTS PAYABL[ 72.00 2OL15- SU~NV ACCOUNTS PAVABLE ACCOUNTS RECEIVABLE • CUSTOMERS 72.00 1~A10- ACCOUNTS NECE|VABL[, CUSTOMERS TO RECLAS|IFY CR[OIT |N ACCOUNT NO, S20L15* SUNDRY ACCOUNTS PAYABLEw WHICH N[PR[SENTG A COLLECTION Or AN AMERICAN TOliAC¢O ¢O$4PANY TRANSPORTATION CLAIM BY AH£RICAN CiGAR£TT[ AI¢) CIGAR COMPANY IN OCTOBER, THE CLA|N WAS r|LEO FOR THE ACCOUNT Or AN AMERICAN TOBACCO COMPANY CUSTO*4£R. AMERICAN CIGARL'rT[ AND CIGAR CO$(PANY SENT US A DECENSER CREDIT MEMORANDUM ~NICN WAS REC£1V[D TOO LATE TO S[ ENT£REO IN THE CUSTON£R L[DG£R ACCOUNT IN DECEMBER, THE CREDIT VAS CHARGE~ TO ACCOUNT NO. I~OA~O" A~£NiEAN CIGRNETT[ AND CI~4R CO*4PANYI AND CR£OIT£O TO AC¢OUN~ NO, m20L15- SUNDRY ACCOUNTS RAYASL[w IN THE DE¢E~BEN VOUCM£R RECORD. ACCRUED TAX£8 ~OL~O*PROVISlON rO~ STATE UN£MPLOYMENT TAX - CO*4PANY CONTRIBUTION NIGC[LLAN[OUS ACCOUNTE RECEIVABLE 21A35- ~[8C[LLANEOU~ ACCOUNTS RECEIVABLE -11 - 17,E16.~I 17,m 6.31 "1"O OFF£ET TMr AMOUNT OF" 'THE PROVISION FOR PENNSYLVANIA UNE*4PLOYTqENT INSURANCE TAX AT DECEMBER 31, 1951 AGAINST CREDIT FOR TAX RECEIVED F'ROf4 PENNSYLVANIA AND RECORDED |N ACCOUNT NO. m~lA~ll~" ~IRCELLANEOUS ACCOUNTS RECEIVABLEE AT DECEMBER 31, 1951. (CONTINUEO) 21 • ,e-*1.~ .
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THE AMERICAN TOBACCO COMPANY RECLASSIFICATION ENTRIES - BALANCE SHZ[T DECEMBER 31, 1951 PAGE -12- PREPAIO EXPENSES ANC DETERRED CHARGES ~OA~5° PREPAID EXPENSES REAL [STATIc HACNINERYp riXT~ESw ETC* AT C~T CONSTRUCTION 66A15- CONSTRUCTION To RECLASSIFY AS A OEf[RR[O CHARGE THE AMOUNT OF ACTUAL [XP£NDiTURES fOR DURHAM RANCH CONSTRUCTION JOB NO 1~ NOT C~RGEO TO COST AS Or DECCNBER 31, THE [MIRE COST OF THIS J~ I$ CHARGEABLE TO COST OF PROOUCTION, ACCOUNTS R[CCiVAOL[ ° CUSTOMERS 1~A10- ACCou~rs m[C[IVAeL[ - CUSTO.[RS M|SCELLAN[~S ACCOU~S RECEIVABLE ~0~° SUNDRY ACCOUNTS RECEIVABLE L:~OA~0" ACCOUNTS REC[IVABL[ - OfFiCERS AND [NPLOY[[$ ~A3~" MISCELLANEOUS ACCOUNTS REC[iVASLE PREPAID [KPEN|[| ANO DEF[RR[O CHARG£S ~OA10- F.I.A. rLOAT[R iNSURANCE DEPOSIT 8OA~5" UNCXPiR[D INSURANCE ACCOUNT8 PAYAIL[ ~L10° ACCOUNTS PAYABLE ~LI~ SUNDRy ACC~mS PAYABLE ~OL~O" ACCOUNTS PAYABL[ TO [NPLOYC[$ -13- 2o,97o.8h 5,269.1o 30,350.90 56,590.84 5,091.84 TO RECLASSIFY AS RECEIVABLES NET DEBIT BALANCES IN PAYABLE ACCOUNTS AND TO RECLASSifY AS PAYABLES NET CREDIT BALANCES iN R[C[IYABLE ACCOU~S AND ACC~ NO$, m~A10" F I.A FLUTER INSURANCE DEPOSITr AND ~80A35- UN[XPiN[O INSURANCE.m 22 f~ I" ~ O 1 02 554. 1 0
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TIE ~ ICAN TOBACCO C~PANT RECLASSIFICATION ENTRIES - STATEMENT OF" INCOME FOR THE YEAR 1951 COST OF RAL[S, S[LLING, G[N[RAL AND AOMIHISTRATIV[ [XP[NS[: COST OF SALTS COST OF SALES " CIGARS FR[|GHT AND SHIPPING £XP[NS[ " CIGAR[TT[So ~OKING, tTC* 08SOLtT[ VRAPPING HAT[RIAL AND £XPENS£ * CIGARS UNAR$ORO[D CXP£NS£ * CIGARS 123,7~.26 ~.69 71.67 289.59 1 21;, 1 =(0.21 ~VCRTIRING [XPZNS[ STORe AND GCNZRAL ADV£RTISlNG - C*G~CTTCS, *.OX*.~, CTC, ~78.96 Clams 12~.qO |NACTIV£ tQUIPH[NT AND VACANT PROP£RTY [XP£NS£ VACANT PROPCRTY [XP[NS[ " CIGARS INACTIV£ tGUlIm~C£NT EXP£NS£ " CIGARS PROFIT ON 114ANUFACTURING ACTIVITIES FOR AMERICAN CIGARI~rT£ AND CIGAR COiCPANY COST OF CONV£RTING £GUIPI4£NTj £TC. fOR PAI.L )CALL PmODUCT tOq OTHER [XP[NSCS AND LOSICS [xP[NDcs * J. VIR AND SONS, LT=, 1,173.~2 F.XPCNS[S - SOCICTC ANONYN£ D£S PAPETCRIES OEHAUOUIT 2,1~.T~ PLANT CLOSING - J. E. LIPICOt415 10~,O01.0~ Im~OFIT AND LOSS ON DISPOSITION OF CAPITAL ASS£TS 131.~ MILITAJ~Y S£RVIC£ ALLO~FANC£ " CIGAR£TTES, S~OKING, =TC. ~.75 CIGARS COST OF SALES, 8£LLING, G£NERAL AND AOHINISTRATIV[ £XPENS[ COST Or SALTS COST Or SALES, CtC~U~['rT£S, SMOKING, ['rE. 92,~1 .~'t UNDISTRISUTIr~ [RP[NI[ - ClaARL~rT£1, GNOKING, ETC. ~,~.~0 ~NDIRTRIBUTtO tKPENR£ - CIGARS 603.26 "To,635.9o Io8,28~.37 2~o,861.65 02 5_~ 11
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A,LeE:RICAN TOBACCO COMPANY RECLASSIFICATION ENTRIES - STATEMENT OF" INCO~IE F(:~ TI'I[ YEAR 1951 PAOr 2 SELLING EXPENSE NEW YORK OFFICE SELLINO EXPENSE ClGARETTESp GNOKiNGo ETC, CIGARS SAL[SNENI8 SALARY AND EXPENSE C|GAR[TTES, SMOKINGm ETC* CIGARS GENERAL AND ADMINISTRATIVE EXPENSE GENERAL AND ADMINISTRATIVE [XPENS[ 10 RECLASSIFY UNDISTRiDIrr[D EXPENSE ACCOUNT$, -I- (CO~INUEO) -2- COST OF 8AL¢Sx S[LLING, GEN£RAL AND ADHINISTRATIVE EXPENSE: COST Or IALES COST OF GALES - ClGARETTESj GNOKINGj ETC, OTHER INC(~4[: REDUCT:ON IN R[$[NV[ AGAINST INVESTNENT iN THE ~IERICAfi TOeACCO CONPANT OF THE OR:ENT, |NEe 3~7.~o 7.h3 2,69o.~7 70,123.62 6.826.68 6,8~6.68 1"O RI~CLAtSilry AS OTHF.J~ iNCOI4[ THE Ai¢OUNT OF THE DECREASE FOR TN[ YEAR ENDED D£DIrNBER ~1 , 1~1 IN ACCOUNT NO. mTOA3~- $UPPLENENTARY NESEItVE rOA DEpNEClAT:ON POR 1"HE ANERIDAN TOBACCO CONmANY Or THE ORIENT, INC,I AS INC~N BY THE lOOKS OF THE LEAF D£PARTNI~NT. DETAILS FOLLOW: CREDIT IIALANE[ DECENBER 31, 19~0 CREDIT I~LANCE DED¢NeER 31, 1951 DECREASE -3- COST Or GALES, IELLINGs GrNERAL AND ADNiNiSTRATIVE [XPENS£: COST Or IALES I NT£R£ST PAID TO HENRY CLAY AND ~¢)EK & COHPANYp LINIT£D, ON HAVANA Lr..AT PURCHASES OTHER i NT[REIT AND DISCOON'T I NT£REIT, EXC~tANGE AND DISCOUNT PAID 560.66 56o.66 TO RrCLAISlFY AS IIcosT Or SAL¢St :NTEREST PAID "ro HENRY CLAY AND DOCK ;b COMPANY, LINIT[O; ON HAVANA LEAr PURCHASED FROM THEN, (Co.~ INuro) 24 A T ~0 "1 02 554 1 2
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THE AMERICAN TOBACCO CO4PANY RECLASSIFICATION ENTRIES - STATENENT OF INCOME FOR TI'~ YEAR 19~1 PAGE 3 -h- COST OF" SALES, BELLING, GENERAL AND AIDN|NISTRATIV[ EXPENSE STATE TAX[8 NOT BASEO ON iNEOHE STATE TAXES NOT BASED ON INCOME: CIGARETTESt &HOKING~ ETC, CIGARS STATE AND FEDERAL INCi~CE TAXES STATE TAXES ~SEO ON 4NCOME: CIGARETTES, 814OKING, ETC. ~.~.~6~.6T CIGARS TO RECLASSIFY STATE TAXES NOT BASED ON INCOt4[ FOR THE YEAR I~I. 326,365.~5 326,365.~5 25 ill :~0 I 02 554- 13
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THE AMERICAN TOOACCO CCHPANY CIGAR OE PARTI,4E NT STATD4ENT ~" IHCOHE - FINAL FOR THE YEAR 1951 ~AI.[S. Lr$~ TRADr AND CASH Pl~COU~rs, RETURNS AND At.~OWANOEGj: SALE8 TO CUSTON[HS DrBUCT .* CASH D I S¢OUNT ALLOVANCrS ON It[TURNED UNSALASLI[ GOOOS TOTAL NIT COST or BALI[8, $rLLING. GrNrRAL AND ADHINISTRATIYr I[XP~NSr$~' COST OP BALES AND IPRAND PRO~rlT [XPrNSES** COST OF SALTS FR[|~HT AND SHIPPING rXPrNS[ NL'V YORK OTlrl¢r BILLING I[XP[NS[ GCNtRAL Am J~JDi41NISTRATIV[ [XP[NS[ SAL[lkqrN|s SALARY AND [XP£NS£ $CH[N[S SAMPL[S ~AGAZ I NI[ ~b.DV[itT I S I NG PAINT Am BILL POSTING STORE AND GENERAL ADVI~RTISING TOTAL BRAND F~or IT D[DUCT: MIL|TABY O[ItViC£ ALLOVAN¢£ SALVAG[ AND rXP[NSr - H[TURN[O QOOOS SALVAGe. AND [XPCNSr - OOQO$ R[VORKrDw DESTROTrD, rTC. FLOOO LOQI CONNIS|ION ON L[AF PURCHA$0:$ APPLIOASL[ TO NANUIrACTURro STOCK SOLD L[Ar AD4mITN[NTS |NACTIV[ I[QU|PI4ENT [XP[NS£ UND I 8TR i BUT£D [XPCNd~[ VACA'N'r PItO4bWNTy IrXprNS[ L[4~S[~) TItAD[-S4ANK&, TBAD[ NAN[l, OOOO WILL, [TC, UNABSOmI[D ES¢prNsES OB,OL~i*I[ NACH|N[ PARTS qlhlt|TTl[N OFt O~lOL~rC I~RAPP|NO NATritlAL AND [XPCNS[8 M | SC£LI.AN[OU$ f~OF |TS TOTAL Ne.T BrrORr BTAT[ TAXES DI[OUCT - TAX CONTINQEHCIr$ ItrLATIVr "tO PRI~ YrARS rRA~rCHIS[ AND|NCCkqlr TAXI'S N£T INCON[ O£1roitr P£OCItAL INCOM[ TAXr8 AND IHCCNTIV[ ¢OHPCNSATION N[T INCOM[ 1~1 AS ABOVe NIT I~cOMr 1~0 D[CRCAS[ IN NrT PtqOlrlT ~7.0~8,~.90 "/10,2~) ,88 %'*/.ilO~_ ['ll 767 .TOil.';9 36,25o,955.3} 32,1~8,68"/.~1 ~89,~89.32 229,~10.20 ,5~.~o 28,91 ~.93 3.797,oT 4o9.5o .8(~.947.,~ ,8~ .~7 29,O]1~,.?O 3o3.~5 1,5~0.11 ~m ,~39.7z~ 255 .~3 } ~3.6~ .48 1 .~)2,7~.12 6,~).~3 ;~ ,o,~).~ 3,?39,3~ 2.~ 67.~8 6~t .?9o .8~ RI'~01 02 ~4.'14
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1OA10- CASH IN BANKS DECEMBER 31 o 1951 THE OESIT BALANCE Or THIS ACGO/JNT REPRESENTS THE AMOUNT OF CASH ON DEPOSIT ~ITH BANKS. THE DEBIT BALANCE ON THE N[W YORK OFFICE BOOKS AT DECENBrR ~1, 1~1 iS COMPOSED OF THE rOLLO~/ING: .~ DrpoIIT WITH~ ANQLO-GALIFORN IA NAT IONAL BANK * SAN FRANC ISCO, CAL IFOBN IA ANGLO-CALIFORNIA NATIONAL BANK - P ACCOUNT - ~AN FRANCISCO~ CALIFORNIA BANK OF" THE NANNATTAN COt4PANY BANK Or NEW YORK AND FIFTH AVENUE BANK BANKERS TRUST CO#4pANY CENTRAL NATIONAL BANK OF RICHMOND - RICHMOND, VIRGINIA CRABr NATIONAL BANK CHASE NATIONAL BANK - SPE¢IAL ACCOUNT CHU[ NATIORAL BANK ° SALEBNEN ACCOtmT CI~rNICAL BANK AND TRUST CONPANY * ~[NERAL ACCOUNT CNCNICAL BANK AND TRUST COMPANY " DISPLAY ADVERTISING CITIZENS FIDELITY BANK AND TRUST COt4PAHY - LOUISVILL¢: KENTUCKY CBOCKKR FIRST NATIONAL BANK OF SAN FRANCIICO FIDrLITV-PHILAD[LPtlIA TRUST CONPANY * ~JHILAOI~L~NIA* PrNNSYLVANIA FIRST 1- MERCHANTS NATIORAL BANK -- RICHMOND* VIRGINIA FIRST ~4UrCHANIC$ NATiONAL BANK - TRENTONw NEW JERSEY FIRST NATIONAL ~ANK - LOUIBVILL[$ KENTUCKY FIRST NATIONAL BANK - ATLANTA, GCOI~GIA FIRST NATIONAL BANK IN ST. LOUIS " ST. LOUlBI MISSOUri GIRARD TRUST CORN rNCHANi~E BANK - ~41LADELPNIA~ PIENNSYLVANIA GUARAJ(TY TRUST COMPANY OF NrW YORK e DIVIDEND ACCOUNT GUARANTY TRUST CONPANY OF NEW YORK - GENERAL ACCOUNT iRVING TRUST CONPANY J, P. ~OBGAN AND CONPANYB INCORPORATES LAND I"ITL[ ~ANK A *~RUST CO#4PANY - f~HILAO£LPRIAe PENNSYLVANIA ~ANUFACTUBrRS ~NUST CO44PANY *GEN[NAL ACCOUNT NANUirACTURrR8 TRUST COt4PANY - ~ ACCOtY~T NANUFACT#JqqlrBS TRUST COHRANY " R ACCOUNT ~tANUFACTUB[RS TRUST CONPANY -- S ~CCOUNT NCRCANTIL[ TRUST ~M4PANY - ST* LOUIS, NISSOUBI THr FIRST NATIONAL ~ANK -CHICABO, iLLINOIS TN[ ~NOVrR BANK Tmc LOUISVILLE TRUST COIqPANT - LOUISVILLr: KENTUCKY THE NATIONAL BANK OF CONN¢BCE * HOUSTON, TCXAS THE NATIONAL CITY BANK TNr NATIONAL SNAUt4UT BANK - BOSTON: NASSACHUSETTS THE NEW YORK TRUST COHPANY THE NORTNEflN TRUST COMPANY " CHICAGO* iLLINOIS THE PCNNSYLVANIA CON*ANY - PNI4.AOELI~41At P£NNSYLYANIA STATW*~>LANT[RI ~ANK AND TRUST CONPANY * R ICNNOND • ~/iRG IN IA UN iTCO STATCI TROT CONPANY OF NEW YORK VIRGINIA TRUST COMPANY - RICN~4OND: VIBSINIA ~LLS [FARGO BANK AND UNION TRUST CONPANY " SAN FRANCISCO# CALIFORHIA WlLIqlNQTON TRUST C~PANY - ~ILI41NGTONm DCLAVARr ~OTAL 854,~9.38 1~;,665.30 11 ~ ,775.71 56o,9~7,56 998,o37.26 po,39~.to 2,635,997.43 11,7o6.t7 '~ 3.o72.(~ ~96,7~o.o5 Too.s3 19~ ,263.96 1121,291.31 klo.652.T9 ~5~,286.k3 ~,ooo,oo .ooo.oo ~o,~3~.89 3~ ~ .197.83 79%~.e7 7h2,9~6.82 6o~.85~.6o ~3o.1~9.~h ~75,557.63 6~h.5~p.T5 5,653.62 '~7 .TS~ .TO ~,~'~o,~ ,99~ .~o6,95 666.6kS.B6 ~o, ~9~ .1 o 5o,ooo.oo ~,~5,6o~.7o 5o7,m6.8~ I;~5,5)8.6~ 95,78~.~ 9 6os,~e~.s5 ~55.619.95 z75.361 .~ 23 ,~ 57.6~ 359,723.o6 RTHOI 0255415
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THE DEBIT BALANCE OF THIS ACCOUNT DURING THE YEAR REPRESENTS AN IMPR[ST PETTY CASH FUND IN THE NEW YORK OrFl¢£, IN THE POSS[SSION Or MR. $ IDH[Y H. KRAUS, AHD MAY IHCLUD£ CASH ON HAHD AND/OR VOUCHERS ~OR DISBURS[M£NTS MAD[ SUBSEQUENT TO TH£ LAST R[IMBURS£M[NT OF THE FUND. AT THE [NO OF THE YEAR THE D[BIT BALAHC[ R[PR£S£NTS ACTUAL CASH ON HAND OHLY. THIS ACCOUNT RECORDS: 1 - DCBITS FOR! A- JANUARY ~ JOURNAL ENTRY FOR RE IMBURSEN[HT OF THE FUND FOR THE TOTAL AMOUNT Or DISBURSEMENT VOUCHERS INCLUDED IN THE FUND AT ~I[C[MS[R 3~j 1~0, B- MO94THLY VOUCHER RESISTER ENTRIES FOR REINBURS£H[NT Dr THE FUND COVERING THE AMOUN1 OF PERSONAL CHECKS CASHED FOR [MPLOY[C8 AND DEPOSITED IN BANK, 2 " CREDITS FOR: A- DCSlTS :O VARIOUS ACCOUNTS AT D[C[14B[R 31j 1~1 FOR DIBSURSEMENT VOUCHERS INCLUDED IN THE FUND AT THAT DATE. THIS ENTRY R[L|[V[S THE rUeD or ALL NON- CASH ITEHS, TH[ FUND IS REIMBURSED FOR THE TOTAL AMOUNT OF THESE VOUCHERS IN JAHUAXY 1952. B" MONTHLY DEBITS TO ACCOUNT NO, miOAlO- CASH IN BANKS" FOR THE TOTAL 4U4OUNT Or THE DAILY DEPOSITS OF PERSONAL CHECKS CASHED FOR EMPLOYEES, THr DEBIT BALANCE AT D[CrNB[R 31, 1~1 IS COMPOSED or THE FOLLOVIHO: CASH ONMANO 28 ..... J RI'M01 02554-16
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|OASO-. CASH IN TRANSIT DCC(~,BER 31, 1951 THE DEBIT BALANCE Or THIS ACCOUNT REPRESENTS THE AMOUNT OF CERTAIN FUNDS IN TRANSIT AND FUNDS WHICH V[RE REELASSIFICD AT THE END OF YEAR IN ORDER TD PRESERVE THE REGULARITY AND CONSISTENCY OF THE FINANCIAL STATEMENTS. THE ANOUNTS CHARGE~ OR CREDITED TO THIS ACCOUNT ~ACN MONTH ARE RECLASSIFIED IN THE FOLLOWING MONTH, THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- CREDITS TO BRAHCHESm BUBCOMPANI[S, SUPPL|[RSj ETC,, FOR REMITTANCES iH TRANSIT AT END OF MONTH WHICH VERE RECEIVED TO0 LATE TO BE RECORDED IN ACCOUNT NO, ml0A10* CASH IN BANKS~ IN THE CURRENT MONTH, 6- CREDITS TD SUNDRY ACCOUNTS FOR ANOUNTS RECLASSIFIED AT END OF Y£AR TO PRESERVE THE REGULARITY AND CONSISTENCY OF THE FINANCIAL STAT£ME~TS, 2 - CREDITS FOR: A* O(BITS 70 HI$C[LLANEOUS ACCOUNTS FOR BANK ADVICCS RECEIVED TOO LATE TO BE ~NTER[C IN THE CASH BOOK IN THE APPROPRIATE MONTH, D- DEBITS TO ACCOUNT NO, =10A10- CASH IN BANKS" COVERING RECEIPT IN THE FOLLOWING MONTH OF ITEMS SET UP IN THIS ACCOUH1 IN THE PREVIOUS MOHTH. THERE WAS NO BALANCE IN THIS ACCOUNT AT DECEMBER 31, 1 ~1. 29 Rl+)~01 0255417'
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.1OA75- UNITED STATES SAVINGS BONDS, SERIES E, CASH OECENBER 31, 1~1 THE DEBIT BALANCE Or THIS ACCOUNT REPRESENTS EMPLOYEES! FUNDS ON DEPOSIT IN A $P£CIAL BANK ACCOUNT FOR PURCNAB[ Or UNIiED STATC$ SAVINGS BONDSm S[R|E8 £o THE BALANCE |$ FULLY OFFSET BY THE CREDIT BALANCE OF ACCOUNT NO* nlOA76- UNITED STATES SAVINGS BONDSe SERICS [, CASH - orrsE~ ACCOUNT. " DETAILS ARE MAINTAINED IN THE PAY ROLL DEPARTMENT. ~N|S ACCOUNt RECORDS| 1 - DEBITS FOR CREDITS TO ACCOUNT NO. m10A76- UNITED STATES SAVINGS BONDS, SERIES [, CASH - OFFSET ACCOUNTfl FOR THE DEPOSIT OF PAY ROLL DEDUCTIONS TRANSFERRED FROM NEBULAR FUNDS OF THE ANERICAN TOBACCO COt4PANY~ AM£RICAN SUPPLIERS, iNCORPORATED AND THE HATHEWAY-ST~AN£ CORPORATION. 2 - CREDITS FOR DEBITS TO ACCOUNT NO. m10~76- UNITED STATES SAVINGS BONDS: SERIES E, CASH - OFFSET ACCOUNTw FOR CHECKS DRAWN ON THE SPECIAL DANK ACCOUNT fOR THE PUR- CHASE Or BONDS TO O[ NAILED TO [NPLOYEE$ BY MANUFACTURERS TRUST COI4PANY~ OR FOR RETURN TO [NPLOY[E$ OF AJ4OUNT$ OU[ THEN. A IUI4NARY ANALYBI$ OK TRANSACT IONS FOR I~I FOLLOWS: THE ANERICAN TOBACCO CONPANY AMERICAN ~UPPL|£R$, |NCORPORAT[D TXE HATNEWAY-STEAN£ CORmOmATIOH TOTAb ., = ~.£B$ DEBIT BAt~NC[ DEPOSlTrD IN RETURNED JANUARY 1 ~ SPECIAL ~OND$ TO _. 1~ ~ ~ 2,685.00 611,016.25 56,~56.25 1,0y~. O0 3,308.75 ;~,1oo.oo 12.50 • - 527.50 R~T.50 6.~"5 2,~.O0 67 .~2.~0 5~j~9~.75 1,11~.75 OrB IT ~AI.ANC£ DEC,'Ne¢R 31, 9,150.00 1,196.~ 10 .=~'~0,09 02 554- I B
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1OA~6- UNITED STATES SAVINGS BONDS, SERIES E, CASH * OFFSET ACCOUNT DECEMBER 31 o 1951 THE CREDIT BALANCE or THIS ACCOUNT REPRESENTS THE COMPANyI$ LIABILITY FOR ¢HPLOYEE$! FUNDS WHICH ABE ON DEPOSIT IN A SPECIAL BANK ACCOUNT FOR PURCHASE OF UNITED STATES SAYINGS BONDS; SERIES [. THE LIABILITY FOR PAY ROLL DEDUCTIONS NOT YET DEPOSITED IN THE SPECIAL BANK ACCOUNT IS RECORDED IN ACCOUNT NO. llOA77- EMPLOYEES! U.S. SAVINGS BONOSw SERIES E: RAY ROLL DEDUCTIONS TO BE O[POSITEO.m THE BALANCE OF THIS ACCOUNT FULLY OFFSETS THE O£BIT BALANCE OF ACCOUNT NO, "i0~- UNITED STATES SAYINGS BONOSm SERIES E~ CASH.n DETAILS ARE NAINTAINED IN THE PAY ROLL DEPARTNENT. THIS ACCOUNT RECORDS: 1 - CREDITS FOR DEBITS TO ACCOUNT NO. "10A7~- UNITED STAT¢S SAVINOS BONDS, SERIES [w CASHff FOR THE DEPOSIT OF RAT ROLL DEDUCTIONS TRANSFERRED FROH REGULAR FUNDS OF THE AMERICAN TOBACCO CO44PANY, AHERICAN SUFPLIEHSm INCORPORATED AND THE HATHEWAY-STEANE CORPORATION TO THE SPECIAL DANK ACCOUNT. 2 " DEBITS FOR CREDITS TO ACCOUNT NO. "!0~- UNITED STATES SAVINGS BONDSa SERIES E. CASHB FOR CHECKS ORAV~i ON THE SPECIAL BANK ACCCHJNT FOR THE PURCHASE OF BONDS OR FOR RETURN TO CHPLOYEE$ OF ANOUNTS DUE THEN. A $UNNARY ANALYSIS Or TRANSACTIONS FOR 1~1 FOLLOVS; THE II~4[RICAN TOBACCO CONPANY JI~4ERICAN SUPPLICRSj INCORPORATED THE HATH[WAY'STEANE CORPORATION TOTAL L[ss • CREDIT BALANCE DEPOSITED IN RETURNED JANUARY 1p SPECIAL BONDS TO !951 AC~ PURCHASED 2,~5.00 64,016.L~ 56,t56.25 1,0¢~. O0 3,3o8.-r5 2.1oo.oo 12.5o 527.~P ~7.50 ,, , 6.25 2,(~5.00 67.852.50. 58.89~.75 ) .11L75 CRCD IT ~ALANCE DEcEmra 31, 1~jl _ 9J5o.oo 1,196.e5 10,5~o.0o O25541.9
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~0A~- EIAPLOY[[Sf U.S. SAVINGS ~HDS, SERIES r, PAY ROLL D£O(J~TIO~$ ~0 BE C~PO61TEO DEC£~e~R 31, 1951 THE CREDIT BALANCE Or THIS ACCOUNT R[BR[S[NTS THE COMPANyI$ LIABILITY TO CHPLOY[[B FOR PAY ROLL DEDUCTIONS TO BE DEPOSITED IH A SPECIAL BANK ACCOUHT FOR PURCHASE OF ~NIT[O STATES SAVINGS ~OttOSi SERIES [* THE DALANCE OF THIS ACCOUNT PLUS THE BALANCC OF ACCOUNT NO, h1~76- UNIT£D STATES SAVINGS ~ONOB, S[RI[B [j CASH - OFFSET ACCOUNTm REPRgBENTS THE TOTAL ~iABILiTY TO EMPLOYEES, WHICH IS PARTIALLY OFFSET BY THE DEBIT BALANCE OF ACCOLDiT NO, "1~5" UHITCD STATES SAVINGS ~GNDSD $tRtES [t CASH." DETAILS ARE 14AINTAIN[D iN THE ~AT ~OLL ~EPARTMENT. ~NIS ACCOUNT RECORDS: 1 " CREDiTB FOR DEBITS TO ACCOUNT NO, "~0-- SALARIES AND TAXES" FOR MONTHLY DEDUCTIONS tROt4 EMPLOYEESt SALARIES ON PAY ROL~B PAiD BY HEW ~ORK OFFICE. - ~[BIT$ THROUGH THE ¥OUCN[R REelSTER FOR THE TRANSFER or AMOUNTS DEDUCTED FRO~4 R[GULAR fUNDS OF THE COMRANY TO THE SPECIAL ~ANK AC¢OIJ~T. A DUNB4ARy ANALTB|8 Or TRANSACTIONS IrON 19~1 IrOLLOWS: OEOUCTIO4~8 FROt4 PAY ROL~S OEPOSIT£D IN SPECIAL BANK ACCOUNT BALANCE, DCCEle4~R ~1, 1(~1 ,016.25 -0° m 32 AT:~01 02 5_'54.2 0
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1~5- ~SERVE ro~ CASH DISCOUNTS occro4B(R 31, 1~1 THE CREDIT BALANCE OF THIS ACCOUNT REPRES[NT$ AN ESTIMATE Or THE AMOUNT OF CASH DISCOUNTS TO BE ALLO~/ED CUSTONER$ UPO~I COLLECTION Or 3~I[IR ACCOUNTS, BASED ON 2~ OF THE O~[N BALANCES OF DOt4[ST|C ACCOUHT$ RECEIVABLE SUBJECT TO DISCOUNT, THIS ACCOUNT RECORDS: 1 - CREDITS FOR DEBITS TO ACCOUNT NOSo "~O2,1- DISCOUNT - CIGARETTES, $14OKINGp [TC," AND m~O2.2- DISCOUNT - ClGAS$,~ FOR MONTHLY PROVISION FOR CASH DISCOUNTS TO BE ALLO~/EDe IAIED ON ~1~ OF" THE NOWTHLY BALES VALUE* " DEBITS FOR: A- CREDITS 10 ACCOUNT NO. "1~A10- ACCOUNTS R£CCIYABL[ CUSTOIdER$" FOR DEDUCTIONS HAD[ BY CUSTONER$ FOR CASH DISC~HTS ALLO~ED. B- ADJUSTNENT$ TO DU|TONERB ACCOUNTS RECEIVABLE. C- CASH OIICOONT APPLICABLE TO SHIPNEHYS ((X¢[PT EXPORT) BILL(O AT NET PRICES AH~ ~EPORIEO t~NOtR IS&LtS VALU~ OF FINISHED GOODS BILLED~ A7 LIST RR|CE$ LESS TRADE DISCOUNT, R(rL¢CYtO IN OOVClmNCHT O~OERS~ [T CETERA, D* CREDIT AT YEAR ENO TO ACCOUNT NOS, ~O2,1- DISCOUNT " ClOAREYTCS, INOglH~j ETC.p AND m002.2- DISCOUNT - ClaARSm TRANSFERRING EXCESS Or ACTUAL CREDIT IA~AHCE AT D¢¢[~St~ ~1 OVER C~EOIT ~At~RCE REQUIRED AT D¢CCNDtR 31. A BUle4ARY ANALYSTS FOR THE Y(A~ 1~1 fOLLOWS: JANUARY 1, 1951 - CR¢OIT BAI..~NCE PROYIIIpN '4J I1, DISCOUNTS COOARETT[$, AND C.O.D. ~.oNsH~. ETC. ~ ~ rttsAL~o~o JANUARY 1,01B,066.97 5~.t26.27 1,073.~93.2h 1,0~6,~2~.15 rt*RUA~Y 921,3~2.12 ~,019.77 9~9,361.89 ~0,0~6.o~ 0~,Rc. 93~,z~.93 ~1,3oo.9~ 97~,~o6,8h 996,o6~.~B A~aIL 975,8~o.79 ~1.~.o~ ~ ,017,0C:~.8~ 1.mB,ltS.7~ Ju, E 1,035.9~6.86 ~8.78a.C~ ~.08~.7~9.5h 1.o81.17~.58 JuLY ~ ,~03,~79.~7 56,7~9.~7 1,160,228.7~ ~,~77,3~.6~ ~u~usT 1,1~,9~8.93 60,5~.~ ~,L~O5,~93.2O ~,155,69~.35 SERTt~ER 989,9~0.2~ ~9,185.06 1.039.1hS.3h 1.o~.To1.~ Nov~e,E. ~,806.55 6~,~2.1~ 1.023,33~.69 1.129,~65.0o DECtNBER 1,002.65%~6 ~h~O~9.gg ~,036.Tlg.69 1~09%~1!.~? INCREASE IN RROVI/IO~4$ FOR TH[ YEAR OV£RPROVIIION AS O~ DECENBER ~1 TRANSFERRED TO ACCOUNT NO$.: ~02,1- DI|EOAJ~T * CIeARETt[I, IMOKIH;) [T¢, ~02,2- DISCOUNT - C liANI D¢C¢*'mER ~1~ 1~1 Cm~DIT'ISAI.ANC¢ 10~22.52 ~B RIHO'I 025_ . 2 "1
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I~A~O- DOUBTFUL ACCOUNTS RICE IVABLE - CUSTOHERS DECEHBER 31, 1951 THE DEBIT ~ALANC[ OF THIS ACCOUNT REPRESENTS DOUBTFUL ACCOUNTS RECEIVABLE AS REPORTED AND APPROVED BY THE CREDIT DEPARTMENT. A FULL OFFS[T IS PROVIDED fN ACCOUNT NO. II],~IA~5- PROVISION FOR DOUBTFUL ACCOUNTS REC[IVABL[ - CUSTOMERS.~ THIS ACCOUNT RECORDS: 1 - DEBITS FOR: Ao CREDITS TO ACCOUNT NO, nlSAlO- ACCOUNTS RECEIVABLE - DUSTOMCRS~ CDVCRINO TRANSV£RS OF CURRENT DOMESTIC AND EXPORT ACCOUNTS RECEIVABLE CONSIDERED DOUBTFUL OF COLLECTION AS REPORTED AND APPROVED BY THE CREDIT DEPARTN£NT. B- CREDITS TO ACCOUNT NO. MI~A~5- PROVISION FOR DOUBTFUL ACCOUNTS RECEIVABLE - CUSTOMCRS~ COVERING RESTORATION OF ITCNS RREVIOUSLv ELIMINATED O~ VHICH COLLECTIONS HAVE BEEN RECEIVED DURING THE YEAR, 2 - CREDITS FOR: A" DCBITS TO ACCOUNT NOS. "1OA10- CASH IH BANKS" OR WlOA~O- UNAPRLIED CASH COLLECTIONSn FOR COLLECTION OF ALL |TENS PREVIOUSLY CHARGED TO THIS ACCOUnt° 8- DEOITS TO ACCOUNT NO. n1.~3~" PRDVlSIO~ FOR DOUBTFUL ACCOUNTS REC£1VABLE - CUSTOH£R$w TO CLININATE ITEMS ON ~HICH FURTHER COLLECTION IS CONSIDERED IMPROBABLE AS AUTHORIZED BY THE CREDIT DERART~NT° A SUNNARY ANALYSIS FOR TH[ TEAR 1~1 FOLLOW/S: DCSCRIRT O~ or ITEMS JANUAR~ 1~ 1951 ITEM~: ~OMESTIC &;COUNTS: !$~2 ACCOUNT: BRIDGEPORT TOOACCO CONRANY CHICAGOm ILLINOIS PORTAGE WHOLESALE COMPANY PORTAG£~ ~ISCONSIN 19~8 ACCOUHTS: G. CLAeR McALL¢H. TEXAS PORTAGE ~HOLCIALE COMPANY PORTAGEw ~ISCONSIN DEBIT DEBIT BALANCE REDUCTIONS BY BALANCE JANUARY 1, 1~1 [LI~INAT|ON$ DECEHBER AND 1951 ADDITIONS ~N$ AND RESTORATIONS 1,000.(X', 1 ;O00jO0 1,6~.6~ 114.95 1,553.9o ~,oo ~,oo 1.693.8'3 114,~, 1.578.9o RI',.'KO 1 02~_%4"-" ,~2
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~, . 1~30- DOUBTFUL ACCOUNTS RECEIVABLE - CUSTOH[RS D~CEHBER 31, 1~1 Die i~ DrI~IT SALANCE REDUCTIONS I~ BALANCE JANUARY 1 , 1~1 IrLIMINATION5 D£CE~ER ~Ie.$CRIPTION ~t I T~H$ AND 1~1 ADDITIONS COLLECTIONS AND R¢~TORATION$ JANUAR~ II I.,~I IT¢~45: Do.is,L0~ AC¢£UNTp {CoNT,NUCC) 1949 AccooN~$: 5. TILATIT~KY, INCORPORAT£D N[~; YOR~, New YORK 2,00G.O0 2,000.00 DOLAN M[ND&N~rlL[ COMPANY ST. Jost~0 t~lssou*l ~95.9¢ h9~.96 ~(;RMAN ~ROTHI'R$ AND COt~PANY SAL1 LANr C .TY. UTAH 1;32.6~ 62.10 370.56 NALIBAND IAN CORPORAT | ON HAMTRA~t CH , HICfllGAN ~ ,000. O0 ~ ,000.00 $'r,A NR[ R {)RUG ro*~ HO*GAN, CO~OeADO 56.27 11.75 ti;.52 J. S. SLACK3~J[LL I~ SONS ALEXANDRIA, VIRGINIA 2.O{)0,OO 189,~ 1 ~,~10.,~ rV[R[TT ~ltHOLfSAI.r TODACCO COt4PAN~ EVERI~lrTI ~IIASNINGTON 1 iO00.O{) 1,000eO0 O & R C*ND't ~" IOmACCO CO~AN~ ROCKfOrD, ILL INO IS 7~ .82 16~ .{)0 590.82 EMPORIA "~O~ADCO /i CANDY COMPAN~ EXPORT AC¢OUNTs~ COUSINA Y CIA SU[NO$ AIRES~ ARGENTINA I~P')OAccou~TS: C* R. iRWIN ~HO. GROC[RIES HOOG[NVILL[B KI[NTUCKY PLATT£ ~NOLESAL~ CD, NO~H PLAT1[, N£1RASK~ NELSO~ & JORGgNSO~ SAN ~RANCISCO~ CALIFORNIA ... 97o.7~ .,9~,{)o ., , %7~ _ - ~.3; ~.~ 2~o.12 2~0.12 ~,28~.8o ~.284.8o (CO~XINUCO| ~5 025S423
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1~A30- DOUBTFUL ACCOUNTS RECE IVABL.[ - CUSTOI~RS DECEMBER 31, 1951 ~ESCRIPTION OF ITEMS ~NUARV I, !951 ITC,S: D oH~TJC Acc~ (CoNTiNUED) 1.~AccouNTs: MACDI~ALD WILKCNS & CO. BEAUFORT, SOUTH CAROLINA BRAST~)4DL(IALE CONPANY (AST IILIP* NCW YORE MCleAN BROS, ~ COMPANY Skit LAKE CtTVj UTAH [* H, SKINNER JR, CONPANY CANBRIOQ[j ~ARYLANO B* G. CANPB[LL PLyNOUTH, NORTH CARDLINA PADUCAH ~HOL[IAL(j INco PAOUCAHm ~[MTUCKY WINT(R CIQAR Co. CASPAR, WYOH INO WI~T(~ C ~G~R CO, D(NV[Re ~OLOt~ADO r. A. C~¢Aac~ CARACASw V[N[ZUCLA TOTAL JA~UAR~ 1, ~ ITCNS 1951 ADDle*ORS: ALL[NTI~dNCAIH AND CARRY ~LL~NTOb~41 ~(NNI~LVANI& ~ALLARDi F[[O STORE ~AIHINITONS ~O~ CAROLINA H, G, HALL CO. [RI[j P£NNSYLYAN|A DEB IT OCQiT ~ALAHCC REDUCTI~NS.B~ ~ALANC[ JANUARY 1, 1951 ELIMINATIONS ~ECCMB[R A~D I~I ADDITIONS ~OLLECTIONS AHD R¢$TORAT|ON5 T88.oo 15.0C 122.19 619.2~ 3,~o2.58 ,636.51 55,929.2b ~.c~ 5oh.~ 92~.22 7~.~9 ~5.o3 2,278.36 ~,636.5~ 373.~5 7~.6o 6o~.o~ ~o~.56 - ~.~9 h~.~9 ~o,~&.~ 5,o9~.68 5,o~8.3~ (CONT~.UED) :;6
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)~k30-DOUBTFUL ACCOUNT5 RECEIVABLE - CUSTOHER$ DECEHBER 31, 195~ D[~CRI,PTIDN Or ITENS __JANUARY 1i 1,~11 ITEMS;__ DONCIT I~ ACCOUNTS: 1951 ADO IT IONS! GENERAL DIST. CO. BENNETTSVILLC, SOUTH CAROLINA GEORGETO~/N TOOA¢¢O CO. GEORGETOf~*4D SOUTH CAROLINA LEADER TOeACCO CO. EARLE, ARKANSAS PRICE WHO. GRO. YORK. ALABANA SLOP CHEST CO. PHILADELPt41A¢ PENNSYLVANIA THURNA¢ WHO. Co. JONESBOROj ARKANSAS TOR[KA TO6AC¢O CO. TOR£KA, KANSAS TURPENTINE AND FARNERS SUPPLY Co. LAKE C ITY, FLORIDA ~INT{R CLEAR CO, BOULO4ERo COLORADO EXPORT AcQgvNTS: DEBIT D[el~ ~ALANC[ REDUCTIONS BY BALANCE JANUARY 1 , 1951 ELININATIONS DECEHDER ~ND 19~1..ADOpTI~NS COLLECTIONS AND RESTORATIONS 288.oo 59.o~ 228.96 2,62o.94 597.39 ~.oc3.55 6,88~ .83 ~ ,593.56 2,288.27 5oo. 4o 396. oo i o~. ~o 3.050.00 3~0.oo 2,7~o.oo 1,~52.9o 1,3a5.oo 127.9o ~,3°o.16 3,79~.5~ 5o5.62 1~2.56 116.~ 26.12 . ~,:P:)o-25 . ~,3OO.2~ ~.~07.9~ 16.888.69 7~0.70 16.778.r~ LT. J. O. OINEAL KARACHIp PAKISTAN .~0 CONNISSARYfANERICAN [NBASSY CA|RO, [QYRT ..5o .50 .~o JOHN C. CRAIG LAHORE. PAKISTAN ?.~ 7.~ COL. J. J. DOUeNERTY eAN=XOX, ;"~N~ 7~.70 7~.7o 49,00 , ,, 2.~,~ kLOO . , 7z,.Tp 16.8~;:~'~ .... 781.7o _ 16.~.~ ,, 2o,o~o.52_ . ~0,676.1P J. D. PHEI..AN AN[RICAH [NIASSy, PARIS. FRANCE Jl0100' t;~s.~ TOTAL 1~;~1 IYENI - :11i.5~1.O7 GRAND TOTAL 1¢)~o7 ,09118 O[llT t~I.ANCK~O¢¢CSIBttt ~1, 1951 RI'HO| 02554-25
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• 1~- PROVISION IrOR DOUBTFUL ACCOUNTS RECEIVABLE - CUSTOMERS DECEMBER ~1, 1951 THE CR[DIT DALANC( Or THIS ACCOUNT N[PRESENTS A FULL R[$[RV[ OFFSET TO ACCOUNT NO. ul~J~30- DOUBTFUL ACCOUNTS R(C[IYADL[ - CUSTONERS.~ THIS ACCOUNT RCCOND$| 1 - CR[DITS FOR: A- CHARD($ TO ACCOUNT NO. s~. DOUBTFUL ACCOUNTS AND DILLS WRITT[N OFF" FOR THE ANOUNT Or DOM[STIC AND [XPORT ACCOUNT$ N[¢( IVABL[ OCT UP DURING TNC MONTH IN ACCOUNT NO. "1~* OOUBTFUL ACCOUNTS R[C£1VABL( - CUSTOHCRS.m B- CHANQ£8 TO ACCOUNT NO. mt~A~* DOUBTFUL ACCOUNTS N[C[|VABL[ - CUSTO(q£R$m COV(R|NG R[$TORATION Or IT[N$ COLL(CT(D DURING TH[ CURRCNT P[RIOD VH|CN HAD DC[N [LIN|NAT£D fROM ACCOUNT NO. 1~A30 IN RR[VIOUS PER IOOS. 2 -~qED|TS FOR: Ao CR[DITS TO ACCOUNT NO. MT~* DOtJ~TFUL ACCOUNTS AND DILLI ~|TT[N OFF~ FOR THC AHOUNT OF COLL[CTIOHS CR[DIT[D TO ACCOUNT NO. I~A~0. 8* CR[DIT$ TO ACCOUNT NO. I~A~O, COV[NING ACCOUNTS WRITT£N OfF AND [L|N|NAT(D rNo~ ACCOUNT No. 15X30. A IUNNARY ANALYDI$ OF TRANSACTIONS rO~ TH[ ¥[AR 1~1 fOLLOW'S: CR[DIT DALANCCp JANUARY 1, 1~1 ADD: PROVISION NADE DURING Y[AR FOR CUSTOM[R$! ACCOUNTS N[CCIVADL£ ~)41CH D[CAM£ DOUBTFUL OF COLL(CTIO~ D[DUCT! COLL£CTIONS NAO[ DURING Y£AR [LININATIONS DURING Y[~R CN[DI~ DALAHC[, DECtNB[R ~1, 1951 72,2~.11 3B RI;~01 0255,$26
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" 2oAlo- NOTES ~c[Iv~tr DECOde 31. 195~ THE DEBIT BALANCE OF THIS ACCOUNT R[PRESENTS UNPAID BALANCES Of NOTES RECEIVABLE OTHER THAN FROt~ OFFICERS AND ¢MPLOY£[S. THIS ACCOUNT RECORDS: 1 " DEBITS TO RECORD THE AMOUNT Or NOTES R£CEIVABbE. 2 - C~EOIT6 FO~ OEIITS 10 ACCOUt4~ HO. nio~O- UH~PPLICO CASH ¢OLL(C1iONS¢ FOR A~OUH3 $ COLLECTEd. ~HERE WI[RE NO TRANSACTIONS IN THS ACCOUNT IN 1~1. THERE WAS NO BALANCE IN THIS ACCOUNT AT DECENa¢R 31, 19~1. ,",9 %- . AT:,'(O! 0Z5_.~2 P
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20AEO- SUt~RY ACCOUKTS REC[ IV/~t..£ D~CCMBrR 31, 1951 ?HE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT DUE FROM SUNDRY DEBTORS. THIS ACCOUNT RECORDS! 1 - D£BITS FOR: A* ~|BCELLANEOUS CHARGES BY BRANCHES AND THE HEW ~ORK DFFtCE 30 SUNOR~ DEBTORS AND CHARGES TO CERTAIN CUSTON[R$ FOR OTHER THAN ~ERCNAND|SE SALCS. ~- CHARGES BY BRANCHES TO CERTAIN CUSTOMERS FOR t4~BCHAND|~E BOL~ TO THE CUSTOt4EflS AT OUR COST* PLUS A PERCENTAGE, C- TRANSFERS AUTHO~|ZED BY TH£ CREDIT ~[PARTHEN7 TO ACCOUNT NO* tl~AIO- ACCOUNTS RECEIVABLE - CUSTOMERSI OF N|SCELLANEOUS CNEOITS BY ORANCHES AND THE NEW YORK OFFICE TO CERTAIN CUSTOMERS FOR OTHER THAN RETURNS AN0 ALLOWANCES ON NERCNANDIB[ BALES. 2 * CRECITI FOR: Ao ~|BCELLANEOUS CREDITS BY BRANCHES AND THE NEW YORK OFF|C[ TO SUNORY OEBTOR8 AND CRCD ITS TO CERTAIN CUSTONERS FOR OTHER THAN RETURNS Or OR ALLOWANCES ON MERCHANDISE SALES, ~- TRANSFERS AUTHOR|Z£O BY THE CREDIT DERARTHENT TO ACCOUNT NO. aI~AID- AE¢OUHTS BEC£IVABLC - CUSTOHERSm OF HIBCELLANEOUS CHARGES OY BRANCHES AND THE NEW YORK OFFICE TO CERTAIN CUSTOI4[RS POR OTHER THAN NENCNANDIBE BALEIe C- TRANBFCRS AUTHORIZED BY THE CREDIT DEPARTN[NT TO ACCOUNT NO. "1~A10- ACCOUNTS REC[|VABL[ - CUST01~ERSm FOR CNARBES BY OUR BRANCHES TO CERTAIN CUSTOMERS fOR NENCHANDIB[ &OLD TO THE CUSTONI[;R8 AT OUR COST, PLUS A PERCENTAGE. D- CHAReE$ TO ACCOUNT NOB. "10A1(~ CASH IN ~ANKSI O~ "IOA~ UNAPPLIED CASH COLLECTIONeI REPRESENTING RENITTANCE$ RECEIVED FRO04 SUNDRY DEBTORS. [" DEBIT TO ACCOUNT No, m2OLl(~ ACCOUNTS PAYABLEm IN JANUARY or THIS YEAR TO RESTORE TO THAT ACCOUNT DEBIT tALANCES TRANSFERRED TO THIS ACCOUNT AT THE END OF THE PBEVIOUS YEAR* F" DEBIT TO ACCOUHT NO* m20L15- SUNDRY ACCOUNTS PAYABLEm IN JANUARY OF THIS YCAR TO RESTORE TO ACCOUNT NO, 20~20~ CREDIT eALANC[S TRANSFERRED TO ACCOUNT NO. 20L1~ AT THE END OF THE PREVIOUS YEAR, THE DEBIT BALANCE AT DECEi411ER ~1, 3~1 IS CO'ROBED or THE FOLLmI|HO: (¢~T*NUEO) 4O 0 2 5"3,-t. 2 8
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OECE.e(R 1 3 DtCE~tR ~2 DEC(~d)re 20 Ot¢tNlt* 21 DECENCER 31 NOVEtOEN 20 Novr~EN ~0 Novtmte ~0 DECENPER 31 DEcr~E~ 31 DECENUDER 31 JULY 31 DEC(~UBER 31 DECE*OER 31 DECE~E~ 26 DEcriER 31 DtCEWP(R 28 DECtm(R ~1 DECENIER 1 3 DECE~E~ 13 OtCtmtN ~1 0¢ TOPER 12 0CTOeER 26 OftEnER 5 DECt.OER5 OtctmE~ 6 DEcEmER *~ DECE*OER12 DECE~,I[~ 12 D"CENOER18 DECriER 18 D*'CEMmER 1 9 DECE*,mER 1 9 DECENOER20 DrcE*mEm20 DECENJER20 DE¢[NB£R21 Drcr~tR 21 DEEEmER 21 Dtct.l[~31 DECriER ? Dtct~te 21 DECE**IER 27 DECriER 21 DiCE*mEN31 DEEE*411ER 31 Drct*mt*? D£¢EmER ~1 OSCE~ER 31 D[CPO[R 18 thCCEmtR 10 DKCE*4OI[R 1 3 NOVEmDER 28 DI~CENKR 18 DrcEmER ~I 20420- SUNDRY ACCOUNTS R:[:C£ IVASlr D(:C[:I4BER ~1, 1~1 ALL I[O RAD IO CORPORATION FRANCESCO E~.VANE~ ~41[RICAN NACNINE AND FOUNORY CO~4PANY ~U4EAICAN IMACHtNE At4O FOUNDRY CO)(PANY AMEN JeAN NACN IN[ AND FOUNDRY COMPANY BABCOCK AND WILCOX CONPANy BATTENj 8ANTONe ~URSTINE AND OSBORNE 8ATTENj ~ARTONj ~)URSTINr AND O$11ORNE BATTENe ~ARTON, 0~RSTIN~ AND OSBOIRN[ ~ATTI~Ns BARTON, DURSTIN[~AND OSBORNI[ BROSE OFFSET LITHOGRAPHIC COt4PANY, INC. CHADOOURNr p PARNEp WHITEIIIDrp WOLFE & BROI~Iy WILLIAM CA Lf.ANAN ~HASr NATIONAL ~ANK iDOSCHER AND KOESTER ~AllEN, CO( AND GRI[:QG ~A'rHMAN CHEVIILOI.[T COi4PANY CHARLJ~I HE IN NIOEN STORAOE AND FOR~ARDINO COt4PANY A. C. HORN CONPANY, INC. C, ~, HUOBS AND ¢O#4PANY |HE. Jost~,.,t KURZO~, INC, LANCASTER LrAr TOeAC¢O COMPANY LANCASTER LEAF TOOACCO COMPANY LANCASTER LEAr TOOAC¢O CONPANY LAHCASTE~ LEAr TOBACCO COMPANY LANCAITrR LEAr TORACCO COMPANY LANCASTER LEAF TORACCO CONeANY LANCASTER LEAr TOOAC¢O COMPANY LANCASTER LEAr TOi3ACCO COMPANY LANCASll[e LEAr TOIACCO CO(I(PANY L*NCASTER LEAr TOOACCO COMPANY LANCASTER LEAr TOBACCO COMPANY LANCASTER LEAF 7OIACCO CONPANY LANCAETER LEAr TOIAC¢O C~PANY LANCASTER LEAr TCmACCO CONP*NY LAIICAITEN LEAr ~lACCO C{A~4PANY LANCASTER LEAr TOICACCO COMPANY LANCASTER LEAF TORA(',¢O CO*4PANY NA I~A TH ON CORPORATION ~ETROROLITAN C~¢EVNO~*E~ COMrANY N I L~ER-~HAR~$ C~PANY NII.NER CfIEVROLET CGNPANY NATIONAL FOLDING BOX COMPANY V INC[NT RIOG IO t4. Fo RIK[R ROSE Or LATAKIA ~4NUFACTUUtlNG COO4PANY St.ATER SYSTEN |NC* SI~ANDARD" KNA p P ~TAN LE Y STACY ~TAR CORRUGATED BOX COMPANY NATHAN STRAU$oDUPARGUET |Nr, NATHAN STRAUII'OUPANGUET INC. ROI,.dUiD "IN UR LO~ (CONT *~u[o) ANOUNT ];~ .21 9.6~ ,o'I ~,5~ 212.11 ~3.73 ~.~ 2~),12 73.23 2,110 £/, O0 12.~.22 6,75 ~.~o 266.50 ~.62 62 .~o ~.16 3.7o ~?~.~o ~T~.~ 2o~,3o 77.23 ~9~.59 '~ 7~ .7o 667 .~ 9~.7o 272,.2~ 3,751 .~ 1"1"? .00 19o.~ Io,7o~.~o 79o.5o 651.6o • ~ ~ ,o~6.L~o 8o9.8o Ago .oo 1.76 k~3.~8 22.1b, ~.~ 2~.~o 63.oo ~.~ 2.Oi .k0 12.O1 ~.2~ ~3~ .7~ 41 R]- ~0"1 02554-29
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2OA20- SUNDRY ACCOUNTS RECEIVABLE DECENBER 31 o 1951 PAGE 3 ---- D¢¢ [~,I:R 6 D¢¢ r..Ni¢ N 12 Occ,'~cm 19 DEcE*mCe 19 D,'cc~.'e 31 N ovcve.='R 30 D[¢¢,~c~ 19 D,c[m[e 2"/ D¢C¢,,.-rR 1 9 DEBTOR TOBACCO BY-PRODUCT8 AND C~[MICAL CORPORATIO~I TOBACCO BY-PRODUCTS ANO C~C~ICAL CORPORATION TOBACCO BY-PRoDUCTS AND CHEMICAL CORPORATION TOeACCO BY-PRoDUCTS AND CHEMICAL CORPORATION TOeAC¢O BY-PNODUCT$ AND CH[H ICAL CORPORATiON TRIGGS ACCOUNTING MACHINE COMPANY ~EBTtA~ UNION TE~[GRAPH COMPANY W£1TI[RN UNION TELEGRAPH COMPANY GECme[ A, WlLLIANS & SON ~62.28 36.~5 33.2h 35.53 85.oo 2.56 3.00 20%16 =L h1,626,12 %; 02554-30
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EOA3O- Accou~rs REcr tVAB~ - off IC£RS ~WD EMPLOYE~S DECEMBER 31, 1~1 ~M[ DIGIT BALANC( Or THIS ACCOUNT RCP~ESENTS TH¢ AMOUNT DU[ FROId OFFIC£RS AND [MPLOY[[$, ~HI$ ACCOUNT R[COROS: 1 - OCBIT$ FO~: A- C~[DIT$ TO ACCOUNT NO, m2OLlO* ACCOUNTS PAYABL[" fOR SU~PLI£RSI INVOIC[S R[CORD¢D IN TN[ VOUCH[A R£GIST£R COY[RING PURCHAS[$ MAD~ for orrl¢¢R8 AND [MPLOY[¢$. B- CR[OiTD ~O VARIOUS ACCOUNT5 FOR NE~CHANDIS[ AND/OR ¢ONPANY OVN[O [QUIPI4[NT IOLO TO GrrlC[RS ANb £NPLOY[[$. C- VOUCN£R R[GIST£R CHARG[$ FOR RAILmOAD AND AIRL|N[ T|CK£YS PURCNAS[O FOR Orr|¢[R$ AND £NPLOY££S. A- 0[| ITS 10 ACCOUNt NO$, 11(~10- CAIH I~ IAHKI~ OR "tOA~O- UNAPPLI[O CASH COLLECTIONS~ fOR R[MITTANC[8 REC[IV[O trot4 orrlcEl$ AND [NPLOY£~$. B- D£mlTS TO A¢CO~T No. =21A35- ~I$C[LLAN[OUS ACCq~JH~S R[¢[|VAIDL~" fOR &/N~S[D TICKET8 R£TURNED ~O TRANSPORTATION COI~PAN|ES FOR R£FUND. ;HE D[BI1 BALANC[ At OECRt48[R ~1, 1951 Is CONPO&[D Or THE FOLLOWING: NAN[ or EMPLOY[[ Dt¢[NS[R ~1 Ros[ ARNSTRONG 1~,~ Dtcc~4*c~ 31 N*naucRiTc B*x¢. 1T.T2 Dccct,m[R 31 V.J. Boon .~G DE¢£I48ER 31 Re J* BOYI.AN 18.~ DCC[.eC, 17 R.J. BOY.. =6.~ Dll:CCN=Cm 19 R. J, BOY~AN l~l~.C~ D¢¢¢**1¢n 20 R. J, Bo~ 11.k~ D~C¢NB[~ 21 R. J, BOYLAN ~0.00 DtCEMB¢R 31 J. ~. BYRN[ .78 D¢C¢N~tR 31 J.r. CARN[Y 1,~ D¢C¢I.~tR 26 H. H, CONSTOCK 21.81 DCCC~dmC* 31 N.H. Co-=~ocK ~0.58 0¢c¢~¢~ 31 J.d. CoN.o~v 13.~ Dt¢¢mt. 31 J.J. Co..ocLv 3~.00 ~c[*~z~ 31 J.A. C*o~ .2~ 0¢cc,=¢, 31 j.v. 0,~¢ 28.93 DCCCNSCS 31 J.V. DACe 2.16 0¢cc~¢~ 31 L. ~. BAv~so~ 6.18 DtCf.MBt~ ~I FRANK EL~II .~) O¢c[.e¢~ 31 J.P. F*~ 10.07 0¢c¢*,~¢* 31 E. 0. FL~Nt~TY .3~ ~cc.ec, 28 ~v~, r,cso~ 87.80 43 RT;~01 02 ~43 "I
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2OA30- ACCOUNTS RECEIVABL[ - OFFIC£RS AND [MPLOYE£S DECEMBER 31. 1951 PAe[ 2 D.~t 1951 ~*.[ 9r r.~L9Y[¢ D£CrMB£R ~1 T. hi, GRAHAM 1~.00 HOV[NBER 30 C, A. GURSK[ 10.7~ D[cc~.mr~ 31 P.H. HAHN 2.36 Dc¢¢,BrN 31 P.H. H*NN .33 D£C¢NBER 31 J.W. H*NLO, 150.34 D[¢[NJ[~ 31 £. A. HANvrv .30 OlEc[HBrl~ 31 C. F'. Hf'TSKO ,8~ ~qECrNBER ~1 H. L* HIL'I'AHD ~.~ I:)[C[MmrA 31 A.L. JANION .20 Dg¢iENBIER ~1 J, A. JONENNING 1.01 O[c[~rN 31 J.L. JOHNSON 9.117 DI:¢rNBrR 31 W.R. JOURHrAy# JR. "~1.07 DtCt~tR ~1 C. F, KALt.[ 27.61 DrCrMB[* 31 HAJO#t|[ K[LLY 3(~.O~ D¢ccNmr* 28 r. Kt**.'AN 87.06 Dr¢c041D[it 26 NANI[ [. Lewis 32.9G • D[CIrNlls'R 31 AGNr$ R[GAN LUBATTY 1~.~ O[ctNltm 31 FRANK 14cQuln[ 19.01 DCCrl4B[R 31 r, F. HOONEY 1.~ DccrNs[* 31 J.R. NULVAHry 5.15 OrCI[1411~N 31 ~* H* SCN ILDKNECHT *80 D¢CtND/N 7 H.A. SCXH[*O[N ~.O~ D[crm[e 27 H.A. SCHHr Iar* 5.92 Dl[¢ri4alCft ~1 H.A. SCHNEIDER 1~.~>)~ D[c¢m[It 31 E.A. ScHw[PP[ .4~ DIEC[MI)rH 27 B.R. SN[VLIN 13.46 DcclPN$[ilt 31 HRi. SP|TKO 45,75 D[CtNK~ 31 J.R. WAT[HNOUS[ .35 ~[ClrlASEIt 31 F. X* WHELAN .,~.31 Dccr~[~ 31 A.H. WHiTr ,~.08 DtCCMBt* 31 G.A. w,Lx|~$o~ b,.~,8 DrccI~CR 31 G.A. ~/ILKiHSON *T0 D[CCNJ[N 13 V. ~/. ~/*LION 48.~0 Dl[Ci[Nlls'lt 17 ~, ~'. WILSON ~0.~ TOTAL 44 f:l T :~ O I 0~ ~. ~" ---' :,-,. • ,,. ~.. _. _-> I.;F. ,..'I ...-
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• 2oA~- DC~JBTrUL ACCOUNTS RECEIVABLE - OTHERS D~CEH~R 91, 1 ~'~1 THE DEBIT BALANC[ OF THIS ACCOUNT REPRESENTS AHOUNTS TRANSFERRED fRO~ ACCOUNTS BCCEIVABL¢ AT THE TINE OF THE BANK HOLIDAY IN 1932 AND IN OTHER YEARS roN AHOUNTS ~dlCN BECANE DOUBTFUL or COLLECTION DUE TO BANK fAILURES, AND ALSO ANOUNTS TRANSFERRED FROM OTHER THAN ACCOUNT NO. ~1~10- ACCOUNTS RECEIVABLE - ¢USTONER$w WHICH ARE EONSIDENED DOUBTFUL Or COLLECTION. A FULL OFFSET IS PROVIDED IN ACCOUNT NO. M20A36- PROVISION rob DOUBTFUL ACCOUNTS RECEIVABLE - OTHERS.M ~H|S ACCOUNT RECORDS: 1 - DEBITS FOR: A- CREDITS TO ACCOUNTS OTHER THAN ACCOUNT NO, ml~AlO- ACCO4JNTS RECEIVABLE - CUSTOMERS1 FOR |TENS klHICN ARC CONSIDERED DOUBTFUL OF COLLECTION* B- CREDITS TO ACCOUNT NOw m20~6- PROVISION FOR OOUQTFUL ACCOUNTS RECEIVABLE " OTNERS~ COVERIMG~ESTORATION TO THIS ACCOUNT Or |TOMS PREVIOUSLY ELIMINATED ON WHICH COLLECTIONS NAVE ~[CN RECEIVED DURING THE YEAR, 2 - CREDITS tom: A" DEBITS TO ACCOUNT NOS, "10A10" CASH IN BANKS~ OR "10~60" UNAPPLIEO CASH COLLECTIONSn TON COLL¢CTIONS ON ALL ITCNS PREVIOUSLY CHARGED TO TN IS ACCOUNT* B" DEBITS TO ACCOUNT NO. "20A~- PROVISION FOR DOUBTFUL ACCOUNTS RECEIVABLE - OTHERS~ TO EL ININATE iTEHS ON b~llCH FURTHER COLLECTION I$ CONSIDERED IMPROBABLE AS AUTNORIZ[O BY THE CREDIT AND TREASUNERIs D[PARTNCNTB. A SI, IHdMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR ~1 FOLLOWS: DESCRIPTION OF ITENS 19~OA¢COUNT: PEOPLES BANK ~ TRUST CONPANY RIENZIw ~ISSlSSlPPI 19~ ACCOUNT: FAIm(RS AND HERCHANT$ BANK LAX( CITY, SOUTH CAROLINA ~9~2 ACCOUNT: RAVEHI~OOO NATIONAL BANK CHICAGOI ILLINOIS GRAND ~OTAL DEBIT BALANCE, DECEMBER ~1, 1~1 DEBIT BALANCE JANUARY I, I~I AND 1~I AO¢)ITIONS REOVCTIg~~ BY [LININATION5 COLLECTIONS AND RESTORATIONS ' ~7.O6 7,06 DES IT BALANCE DECC.IER 31, _ 19~I J7 6,01~,21 ~6,66 4.5 R T ;g 01 02554.33
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"L>OA~6* PROVISION FOR DOUBTFUL ACCOUNTS RECEIVABLE - OTHERS D[CE~R 31, 1931 THE DEe IT BALANCE OF TH IS ACCOUNT REPRESENTS A FULL RESERVE OFFSET TO ACCOUNT NO. R~O~5- DOUBTFUL ACCOUI~T$ RECEIVABLE * OTHERS,m THIS ACCOUNT R[CORD$: 1 - CREDITS FOR: A- DEBITS TO ACCOUNT NO, ~665- OO4JBTFUL ACCOUNTS AND BILLS WRITTEN OFF~ FOR THE AMOUNT OF RECEIVABLES BET UP IN ACCOUNT NO, t2OA35" DOUBTFUL ACCOUNTS REC[IVASL[ * OTHERS°I B- DEBITS TO ACCOUNT NO. f120~* DOUBTFUL ACCOUNTS RECEIVABLE - OTHERSR COVERING NESTORATIO~ OF ITEMS COLLECTED DURING THE CURR£NT MONTH ~NICN HAD BEEN ELIN- IHAT£D rRo~. AC¢OUN~ NO, 2OA3~ IN PREVIOUS PERIODS, - OEBITS fOR; A- CREDITS TO ACCOUNT NO. m(~. ~OUBTFUL ACCOUNTS AND BILLS WRITT£N OFFw FOR THE AMOUNT OF COLLECTIONS ¢R[DIT£© TO ACCOUNT NO, 20A3~. B- CREDITS TO ACCOUNT NO, #2OA~- DOUBTFUL ACCOUNTS RECEIVABLE - OTNERBjI COVERING ACCOUNTS WRITTEN OFF AND ELIMINATED rNO~( ACCOUNT NO. 20A~5° A $UI4qARY AHALT$1S OF TRANSACTIONS FOR THE YEAR 19~ FOLLOWS! CREDIT BALANCEj JANUARY 1, 1~1 LESS: COLLECTIONS MAD[ DURING TEAR CREDIT BALANCE, DECEMBER 31, 1951 6,067.10 Ir 46 Rl~O I
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20A~0- ADVANCES TO SALESMEN DECEHBER 31. 1~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS CASH ADVANCED TO MtHBERS OF OUR SALES ORGAN|ZATtD~. THESE FUNDS ARE USED BY THEH TO PURCHASE CIGARETTES AND TOBACCO DIRECT HROM OUR JOBBER5 AND TO MAKE OTHER EXPEND ITUNES AUTHORIZED BY THE SALES DEPARTMENT, INCLUDING PURCHASES or VENDING LICENSES, ETC. THC FUNDS ARE COUNTED AND VERIFIED PERIODICALLY IN THE FIELd. AND ARC RECALLED BY 1~C NEv ~ORK OFFICE SEMIAHNUALLY (JULY AND DECC~ER|. CO~YINGENT FUNO RECEIPTS IN.Y,0, FORM ~0-A AND/OR ~) COVERING ALL ADVANCES ARE ON FlEE IN THE SALESNENIS EXPENSE DIVISION OF THE GENERAL ACCOUNTING DEPARTMENT. THIS ACCOUNT RECORDS: - DEBITS FOR: A" AMOUNTS ADVANCED TO MEMBERS OF TH~ SALES ORGANIZATION, ~- AMOUNT Or CHECKS ISSUED TO REPLACE LOST SALESNE~Is SALARY AN~ EXPENSE CH~CKS. 2 - CREDITS FOR: A- AMOUNTS RETURNED SEMIANNUALLY ~Y MEMBERS OF THE SALES ORGANIZATION, B- AMOUNTS RETURNED BY MEMBERS Or THE SALES ORGANIZATION TO REDUCE THEIR ¢O~" TINGENT FUNDS, C- AMOUNTS RETtPRNED BY MEMBERS OF T~[ SALES ORGANIZATION UPON TERMINATION Or THEIR DERVIDEG. D- AMOUNTS Or FINAL [XRENSE ACCOUNTS or SALESMEN WHO WERE STILL |ND£BT[0 FOR ALL OR PART OF CONTINGENT FUND UPON TERMINATION Or THE IR SERVICES. [- AMOUNTS CHARGED TO ACCOUNT NO. "~IA~- |NSURANCE COMPANY CLAIMS:~ IN THE EVENT THERE |S A SHORTAGE IN A NEMOERIs CONTINGENT FUND UPON TERMINATION Or H IS SERVICES, F- AMOUNTS CHARGED TO ACCOUNT NOS. "~ ~el- 5ALESMENIS SALARY AN~ EXPENSE - CleARETTCS, SMOKING, ETC." OR E~l ~e~" SALEBM[HIS SALARY AND EXPENSE - C|GARGp~ IN THE EVENT THERE iS A SHORTAGE IN A MEMBERIS CONTINGENT FUND UPON TCRMINAT|ON Or HIS ECRV|CEE AND If THE AMOUNT Or SUC~ SHORTAG~ OOCS MOT WARRANX CLA|N BEING rILED. G- DEBITS TO ACCOUNT NO. ~10A10" CASH IN BANKS" UPON ACKNOWLEDGHENT BY BANKS Or STOP PAYMENT OAOER ON LOST &ALARY AND EXPENSE CHECKS, THE OESIT BALANC[ AT DE¢EMSEN ~1, 1~1 IS CO~¢POS[D or THE FOLLO~'ING: (CONTINUED) % 025_.~$35
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DATr Or AOVAN¢[ 12/26/5~ 12/26~ 12/26/51 12/26~ 12/26/5~ 12/27/51 12/26~i 12/26,~i 12/26/51 12/17/~l ) 12/18/51 ) 12/26~1 ) 12/26/31 12/26/51 2/26/51 12/26/~1 12/26/5~ i 212615~ 12126/~1 i 2126/5~ i 2/26/51 i 2126/51 i 2126/51 i 212615~ i 2126151 i 2/2615~ i 2/26/51 i 2126/51 12/26/=~ I i 2/26151 i 2126/51 i 2/2615~ 10131/51 i 2/26/51 ) 1212615~ i 2/26/51 i 2/26/5~ 12126,/51 i 2/26/5~ I al~/Si i ~I~/~ ~/z6/~ ~/a~/~l 12/26/4~1 .20~40- ADVANCES TO SALI"S~EN DECEMBER ~1, 19~1 R{GULAR SALES ORGANIZA?ION NAME OF EMPLOYEE J. ~. ABELL B. J, ABLA H. H. ADANS J. C. AOAMS C, L. AINSWORTH J, ALDERMAN C. R. ALLEN J. T. ALLEN C. D~. ANDRtWS R. O* ANGLI~ H. P. ANK£RSON, JR. J. G, ANTONIO C. L, ATCHL[V A, BAER R, r. BAILEY [, B. BALL[NGER [, BARC[NA ~. J. BARKEm J, S. BARRY H. ~. BA~s [. £. BASK*N G. H. BECKEMAk r. C. B[[R J. H. BtNJAMIN S. E. BENKOVIC C. W, BENNETT J. B[RNARDINI T. D. BERTH~T C, A. B ING r. G. BLRCK~URN P. [. BLODGETT S, F. BOOVH ~. B, BOT~O C, P. ~OUCMAmD r. D. BO~L[S J* P, BRADSHAW, JN. R. G. BRAO~ [. I. BRAN[ J. A, BR[NNAN R. [. BRmLL R. C* BRINK D. L* 8ROCKNAN W. R, BRO~L[v S, E. BRUSAK[R A, A. BULTEm4AN J. A. BURN L. C. BURR A. J. BYRN[ G. S. CALl, IN H. J, CALDER~ H. H. CALDW[LL, JR. AM OUN.,~T 100.00 15o.oo 15o.oc 15o.oo 1oo.oo 1oo.oo 15o.o~ 15o.oo 15o.oo 15o.oo 3~.oo 15o.o¢ 100.00 15o.oo 200.00 15o.oo 15o.oo 15o.oo 15o.o~ 15o.oo 15o.oo 15o.oo 150.0~ 2o0.00 15o.oo 100.00 ~5o.oo 15o.oo 1 ~0. O0 200.00 150.00 200. O0 15o.oo 2oo.oo ~69.~9 1oo.oo 15o.oo ~5o.oo 15o.o0 15o.oo 15o.oo ~5o.oo 15o.oo 100.00 15o.oo 200.00 15o.oo 100.00 15o.oo 15o.oo 1oo.oo PAOE 2 025~3E~
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20A~O- ADVANCES 10 SALESHEN DECEMBER 31, 1~1 RE~kAR SALES ¢RC*?=Z*T=O~ DAT~ OF ADVANCE NAHE OF E~PLOV¢£ AM..~_OUN..~T 11/29/~1 F.R. CALLAWAY 1 ~0,00 12/26/51 A. Ao CALOOCPO 150.00 12/26/~1 J, Ho CANPBELL 150.00 12/26/'~1 A.J. CAPERNA 1~0.00 12/26/5~ P.a. CARRIERE 200.O0 1~/2~/51 F, E, CARROLL 100.00 12/26/51 L.A. CARTER 150.00 12/26/~1 0. E. C^ss 300.00 12/2~/~1 R.F. CAVANAUG~ 200.00 12/26/~1 R. Ho CHANBLISS. JR. 150.OC 12/26/~1 a.P. CHILDEN$. JR. 200.00 12/26/~1 P.G. CIVELLO 1OO.O0 12/26/51 r.G. CL~ 150.00 1~/ 7/~1 D.B. COCNRA~ 200.00 12/26/51 A.H. Corr¢E 100.00 12/26/51 A.E. COLL 150.00 12/2~/51 J. ~. COLLINI 100,00 12/26/31 E. Coo~tk 200.00 12/26/51 C. [. COPP£OG[ 150.00 12/26/51 J. [. CONVEY. JR. 100.OO 12/26/51 A.A. COSSOT* 100.00 12/26/51 R.E. COUR~NEY 1~O.OO 12/26/=31 C.N. Cou~u*t 150.OO 11/29/51 L.J. Cox 150.00 12/26/51 W.B. CRAN~ALL 150.OO 12/26/~1 D.H. CMAWFORO 150.O0 12/26/~1 H° L. CRAWrORD 150.OO 12/1~/~1 J.E. C~AWrORD 150.00 12/26/51 G.R. CRO~ER 150.OO 12/26/51 P.S. CRo~ 100.O0 12/26/51 J.J. C~o~,~ 100.O0 12/26/51 B. £. CRosBY 150.OO 12/26/51 J.P. CULV¢R 150.O0 12/26/51 J. H, CULV£RWEkL. JR. 1~0,00 12/26/51 E.C. CUNNfNGNAN 2OO.O0 12/26/51 W.L. DArrAoN 150.O0 12/26/~1 G.C. DANIEL. JR. 15OOO0 12/26/51 R.W. DANIEL 150.O0 12/26/~1 J.F. DANNZR 200.00 12/26/51 P.a. DAVENPOR~ 150.OO 12/~6/~I R.L. D*vI~ 150.00 11/26/51 %'. r. DAVIS 150.00 12/26/~I r. C, DECKER 150.00 12/26/'51 R.P. OEaNON 150.OO 12/26/~1 J.J. D£LANtV 1~0.00 12/26/51 R.J. DELr 150.O0 12/26/51 R.V. DELIANTONI IO0.O0 12/26/51 R. [. DrLLONaE~ I~{:).00 12/26/51 J. OC,ARCO 150.OO 12/26/51 C.L. DcRusr 150.00 12/26/51 E.E. DJEHL 100.O0 12/26/51 H.F. OOOaE 150.00 12/26/51 C.P. DONEY 150,00 (C{~ITINU£~} 49 lb. RI';KO 1 O25_%4 37
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eG~,O- ADVANCES "to SALESMEN DECEIV~ER 3"i, 1951 D~T£ Or ADVANCE i 2~6/51 Ia/26/51 i 2/26~I i 2/26/5 L i 2/26~i 2/26/51 12/31/5i 12/26/51 12/26/51 12/26/51 12/26/5~ 12/26/51 12/26/51 12/26/51 12/26/51 I I/23/51 12/26/5~ 12/26/51 12/26~I i 2/26/51 12/26/51 12/26/51 12/26/51 12/26/51 12/26/51 12/26/51 i 2126/51 i z/26/5~ i 2/26/51 12/26/51 i 2/26/51 i 2/26/5~ i 2/2G/51 12/26/5~ i 2/26/51 I I/i9/51 12/26/5~ i 2/26/51 i 2/26/5 i 2126/5i i ~/26/51 i 2/26/51 12/26/5: ~2/26/51 12/26,/51 i 2/~6/51 i 2126/51 i 2/27/51 REGULAR SALES ORGANIZATION NAME Or EMPLOYEE F. G. DORSEY N. S, DOWNING J* G. DOYLE R, F. DRAGO R. E. DU~;RN H, W, DUNK~ JR. d. H, DUNN ~o DUNNING H. ~. [ARN£ST J. D. EASON J. 7. EATON R. O. EATON J, [, [OGNILL ~. Je EUBANK5 W. F. EVTON J, R. FANNING H, V. FARRIS B. d. FAULKNER ~, I, FEAGIN~ d. E, FtATHem L. E* FEINGOLO ~. ~. FELDHAU$~ JR, R. A. F¢NTON L. R, FERGU$ON Y. ~. FERRI$ H. ~. F£~HERLIN C, H. FITCH G..V. FLORA d. ~. FLYNN W. A. FOLEY R. P. Foss C. d. FOSTER d. A. Fox F. J. F~ABONI R. FRRNCK J. R. FRANK E, L. FRENCH R, ~. FREND~ L, E° FRONRA~H C. J, GALLO 'R, B, GARNER C. ~. GEORGE H. L. GEOmOE E* F. A. GeRMINO B, B. GIBe S. d. GIBSON C. ~. GILMORE T, GLOVeR C, GOLDOER¢ S, H. GOLOBeRO J. L. G~OOCNOW D. J. GOeEY P. GO, RMLY AMOUNT 150.00 150.00 150. oo 15o.0o 15o.0o 15o.oo i 5o.0o 200, O0 150.00 15o.oo 15o.0o 15o.0o 15o.oo i 50.0o 15o.0o 15o.oo ~5o.0o 200.0,0 L~o.oo 15o.co 150.00 100.00 2OO.OO 200.00 15o.0o I~o00 i 50.oo 15o.oo 15o.0o i 5o.oo 15o.oo 150.00 15o,oo 15o.0o 15o.oo 15o.oo 15o.oo 15o,0o 150.00 50.0o 200.00 lOO.OO 15o.oo 15o.0o ~5o.oo 15o.oo 15o.0o 15o.0o i ~,0. O0 15o. 0o 150.0C 15o.0o 200.0o (CoN~INU¢O) PAGE L 02~5438
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R~GULAe SALTS O~GF~ZA~.!O~ DATe Or ADVANCE NAME or EHP~0YEE AMOUNT 12/26/5~ G.C. ~ouLo 150.OO 12/26/51 W.T. GRAMAH. JR. 150.00 12/26/51 O.E. GRANT 100.O0 12/26/51 C.E. GRAVES 150.O0 12/26/51 ~. A. GRAV[S 1OO.00 12/26/~1 K.F. GR[¢N¢ 200.00 12/~1/51 W. F, GR£¢NE 8?,92 12/26/~1 A. GRE¢~VALO. JR. 1~o.OO 12/2~/~1 A.C. GRIffIN 150.O0 12/26~1 L.D. G~IFrlN 200.00 12/2~j1 J.O. G~trr~cH 1~0.O0 12/26/51 F.A. G, IRES 150.00 12/2~/~1 E.J. GRzsso~ 2OO.OO 12/26/51 D.C. H,GEM 200.00 10/29//51 a.N. HAJOU 1~0.00 12/26/51 J. He HALL 2~.O0 12/26/~1 R.L. HAMILTON 100.OO 12/26/~1 G.R. HANKIS 150.00 12/26/51 A. J, HANL¢Y 150.OO 12/26/51 L, V. HANSON 100,00 12/26/51 E.J. HAPPEL. d~. 150.00 12/2G/51 H.A. HA~OtST~ 200.00 12/26/51 A, A, NARKAVY 1~0.00 1~/2G/~1 ~. ~. HA~Kt,S 150.O0 12/26~1 W.L. HARRIMAN 150,00 12/26/51 R. 5. HEA~N 100.O0 12/26/51 L.W. H¢mST¢R 200.00 12/~/51 H.G. HEmDRICKS 150.O0 12/2G/51 P.F. HENNIGAN 200°00 12/26/51 d.C. H~[~T III 150.O0 12/26/51 ~. 6. N(RTIG, JR. 100.00 12/2~/~1 H.H. HCRZ 150.OO 12/26/51 E.L. HILLHAN. JR, 100.O0 12/26/51 W.A. H~NR~CKS 1~0.00 12/26/~ P. ~. H~.~ON 150.OO 12/2~/~ R. Re HOrFHANN 150.00 12/26/51 ~. r. HOLI.AN 150.00 12/26/51 E. ~. HOLL¢~ 200.00 12/26/51 E.D. HO~A*D 200.O0 12/26/51 ~. E. Hue¢~ 150.O0 ~Z/26/5~ G. ~'. Hu=.¢s 150.O0 12/26/~1 O.F. HU~CHINS 1~0.OO 12/26/51 ~. E. HUTCHINSON 150.OO 12/2~/~1 V.A. |ANNIJCC| 150.O0 12/26/51 L.D. leLEMA*~ 1~0,00 12/26/51 R.L. I*~ 150.OO 12/26/51 R.C. Izzo 1~0.O0 12/2~/~1 E, d. JACQUE~ 1~OoOO 12/2~/51 R.F. JA¢~E~ 150.00 12/2~/~1 F.E. dcLICfl 200.00 12/26/~1 C. ~. de,SEN 1~0.O0 12/26/51 K. Bo JOHNSON 200,00 02554-39
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20A~0- ADVANCES To SAUCS~N DECEMBER 31, 1951 P*~¢ 6 REGULAR SALES ORGANIZATION DATE Or ADVANCE NAME r EMPLOYEE 12/26/51 R.J. JOHNSON 150.00 12/26~51 ~o R, JOHNSON, JR. 150.00 12/26/51 W.j. JONES 150.00 12/26/51 G.O. JOURDON 150.O0 12/26/51 W.E. K,,~BLE 150.00 12/26/51 J. G, KANIK 100o00 12/26/51 O.D. KAVEE 200.00 12/26/51 [. G. KEEeLER 150.00 12/26/~1 S.L. KEISER 150.00 12/26/51 J. ~. KELLEY 150.00 12/26/51 G.L. I~LLY 150.00 10/25/51 L.H. KENNEDY 200,00 12/26/51 d.J. KERRIQAN 150.00 12/26/51 D.C. KESSLER 200.00 12/26/~1 G. KLC,N 200.00 12/26,/~,,1 H.E. KLEIN 150.00 12/26/51 B.J. K,,tr~T 150.00 12/26/r~1 G, C, KNO~1 150.OO 12/26/51 d. KOClNSK|, JR. 150.00 12/26/51 T.r. KOCL~L 150.00 12/26/51 M. KOSAROVlCH 150.00 12/26/51 G.M. KOSER 150.OO 12/~6/51 F. E, KRAUS[ 100,00 12/26/51 B.H. K*EIIEHIR 150.00 12/26/~1 E. F, KRUPA 120,O0 12/26/51 R. KULMA~ 150.00 12/26/51 C.G. KUNZ¢ 150.00 12/26/51 $. J. LAGNE~ 150.00 12/26~51 d. LAPIERR[, J~. 150.00 12/26/~I G.L. LARSO~! 150.O0 12/26/51 J.R. LAw 150.00 12/26/~1 J. 0. LEHMAK 150.00 12/26/51 J. A, LEWANDOWSKI 1~0.00 I~/26/51 J.G. Llwls 150.00 12/~1/f31 R.L. LITTRELL ~.~2 12/26/51 W.T. LOWR¢~, JR, 150.0~ 12/26/51 K.W. LO~Y 200.00 12/26/51 A.O. LUCARELI 100.00 12/26/51 R.F. LUDLA~ 100.00 12/26/51 W. ~. MCCLA~. JR. 150.00 12/26/51 J. A, MCCLOSKE, 100.00 12/26~51 T.J. McCORMICK 200.00 IE/26/51 H.F. McCRuDE~ 150.00 12/26/~;~1 R. F~. MCCULLOUGH 150.00 12/26/51 W, H, HcDERMOT1 150.00 12/26/51 R.J. McFARL~N~ 150.00 12/26/~I J.G. HAcFARLAN~, JR. 150.0C 12/26/51 d.W. HcGuIRE 150.00 12/26,~31 J.D. HcLA~HLIN 150.00 12/26/51 V.P. HcNALLY 190.00 12/26/51 b.H. XcN,~ 100.00 12/26/51 W. C, MAHONtV 150.00 (CONIlNU[O; 52 I::~I';~<0 1 02554.4-0
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C'ATC or A~A_.¢E 12/26/~1 12/26/51 12/26/51 12/2~/51 12/26/51 lz/26/51 1212 6/~ I~126151 12/26151 12126151 i 212~151 12/26151 12/26/51 I z/26/5~ I~126/51 12/~6/91 12126151 I~/26/51 12/26/5~ 121~E,15; 12/26/~1 12/26/~1 12/26/51 2/26/51 i 2126151 12/'26/51 12/26/~I 121~6151 12/26/51 12/26/51 ~/~/~i 12/2~i Izl~l~i 12/26151 ~/~/~ 12/26/~1 ~OA~,O- AbVANCES ~0 SAL£SEN DECrHBER ~I, 1951 ~EGV~&R S~LC$ OWG&MIZ~TIO~ NAME Or EMPLOV[~[ £, J. HAIL~¢~ O. R, ~LL&W H. H. MaN~U~ ~. HARKO d. R* ~ARKWAR~ J. A. M~RMC O. ~, ~ARSHALL L, £. NARTIN J, L, ~ATCH~K[R R. E, ~AUS J. P. HE¢CHELL~ ~, MEDIC~ J, N, HEHRTENS C, H[LLAN, JR, ~. C, HETIVIER D. £. HILCS, JR. B. Y, NILL[~ N. ~|LL[R ~, D. MILL[P E. A. H~N~O L. J, ~iNUTI $. NIRIT£LL¢ A. A. HONAHA~; J~, d. J. MONAHAN S. C. HooRt D. H. MORGAN E, H. MORRIS W. O. MUCkLt~ C. H. MULL[~ F, G. MUrPHy, J~. G. O. MUR~H~ J. J. MUR~Y R,P. NURRAY J, ~. HUS~ELI~HIT[ L. B. fl~UC.LC, J~. L. P. NCAL E. ~, NEA~Y D. P. NCtt Z. J. N[~CHC~ R. NICHOLS N, L, NIORO G. P. OIBRI¢N R. R. O~o¢N d. a. OIK£[r¢, JR, J. N* PAIQUARI[LLC K. D, P~TI[NC[ ~. L, P£NDL~XO~ H, ~, P¢T[RSCHICK ~, PETERSON (Cow~ ¢ ,u¢o ) P~[ AMOUN...~ 150.00 150.00 ~5o.oo 100.O0 15o.oo i .~o.oo I~0.00 200,00 15o.oo 15o.oo 15o.oo 15o.oo L~o.oo I~o.oo 15o.oo 15o.oo 200.00 150.00 15o.oo i~o.oo 200.00 15o.oo 15o.oo 150.OO 100.00 150.O0 200.O0 2OO.O0 't 00.O0 150.00 100.00 ~5o.oo 15o.oo 100.00 150. O0 150, O0 15o.o6 150. O0 9o.oo 200.00 ~5o.oo 15o.oo 15o.oo IO0.OG 150.00 30%O0 i 5o.o~ 200. O0 200,00 15o.oo O2 5S4-4 1
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2OA40- ADVANCES TO SFtLESkE~' DECEMBER 31, 1951 ~;ULAR SALES ORQANIZATIO~; P~¢ 8 12/2~/~1 R.R. PILSKI 150,00 12/2~/51 K.T. PINHERO 100.00 12/26/51 J. v, P,T~ 15o.oo 12/26/~I N.K. POLLIT7 150.O0 12/26/51 H. POLOG¢ 150.O0 12/26/~1 ¥, ~, PONTENSTEIN ~O0.OCJ 12/26~A~1 H.L. PYE. JR. 150oO0 12126/'51 A.J. qUtN, 150.O0 12/26/51 D.d. RAB¢ 100.00 12/26/51 D.H. RADAR 150.O0 12/26/~1 A. Vo RANO*CC IO 150.OO 12/26//51 P. G° RAYME~ 100.00 12/26/~1 V.N. READ 150.00 12/26/51 G.R. REAGAN 150.OO 12/26/51 d.H. REGAN 150.00 12/26/51 A, H. RE ICH[NB[RGER 10CI.OO 12/26/51 D. Po RIEDEM 150.00 12/26/51 J. J, RIGHTSELL 150.OO 12/26/51 G.R. R ITCHIE 150.(~ 12/26/51 ¥. C. ROAC~ 200.00 12/26/51 d.K. ROOERSO~ 1~0°O~ 12/27/51 D. [. ROGERS 21.56 12/26/51 J. ROMB£ RG 1 ~0°O0 12/26/51 W.F. Ro$[ I~0.OO 12/26/51 A.S. RosEs 150.OO 12/26/51 G.L. Ross ITE* 200.00 12/26/51 K.C. RUSSELL 150.0b 12/25/51 A.R. $AOO 200.OO 12/26/51 E.L. SABOL 1~O.O0 12/26/51 O.S. SAMPSON 150.00 12/2~/51 J.d. SARAaOK 150.OO 12/26/51 J.J. SAVAGE 150.O0 12/26/51 P, C. SCHMUEK 150.(~ 12/26/51 D.C. SCHRE|BER I~0.OO 12/26/51 H° C+ SCHULTZ 150.OO 12/26/51 A.W. SCHUSSLER 150.OO 12/26/51 J. S, SCHWARZ 150.O0 10/30/51 T.H. SCH~WANZ 150.OO 12/2~/~1 a. S, SCHWENOE,AN 200.00 12/26/51 E.S. S[LL¢RS 150.O0 12/26/'51 J. H, SEHRO 150.00 12/26/51 H.E. SHmrrER 150.00 12/26/~1 H.G. SHALLOP, JR° I~0.CK) 12/2~./51 P.H. SHEEL[¥ 150.OO 12/26/51 A.P. SHCETZ 150.OO 12/26/51 C.R. SHIELDS. JR. ~50.O~ 12/26/51 J, W. SHOEMAKER 200o00 12/26/51 E. Ho SHOOED, JR. 200.00 12/26/51 A.W. SINNONOS 150.OO 12/~@6/51 I. W, Sms 150.OO 12/'26/51 R.M. SKCREPiCN 150.00 11/21/51 M.V. S~I~LIC 200.00 12/26/51 F.G. SMITH 1~0.00 (COHT,NUtO) 54 RI" :~0 1 02-=;.54-4.2
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2OA40- ADVANCES TO $AL~Sk~K DECEMBER 31, I~I REGULAR SALr5 ORGAN IZAT tON DAT£ O~ ADVANCE NAME Or EMPLOYEE AMOUN~ 12/26,/~I H. J, SMITH 150oO0 12/Z6/5~ K.a.S. ITM 200.C~ 12/26~1 d.E. SMITH 1~0.00 12/26/"31 R. ~. S.,T. 15o.oo 12/26/51 D.J. SMYSER, JR. 150,0~ 12/26/~1 T, [. SN¢A~ 150.00 10/2~/51 ~. J. SPANICH 150.O0 12/26/51 R.C. SPILMA~ 150.OO 12/26/~1 N.A. SPIH[LL= 150.00 12/2~/~1 G. ~. SP I TZENBERGER 200,00 12/2~/51 G.A. SPORL(O(* 100.OO 12/2~,/51 ~. H. S~AA~ 200.OO 12/2~,~ R.H. S/AIR 150.00 11/2~/51 J. ~. ST(PH(NS 200.00 12/2~/~1 H.k. STERNAL 1OO.OO 12/26/51 R.G. S~(*NE 150.00 12/26/51 B.P. S~ITZlU~ 150.00 12/2~/51 E.L. S~ORMS, JR. 150.OO 12/2~/51 W.P. $ToYcorr 1~0.OO 12/2~/51 H. C, STROHM, J~. 150.OO 11/ 9/51 D.B. STUROIS 150,00 12/26/51 F.R. SULL,VAR 150.OO 12/2~/51 J. Jo SULLIVAN, JR. 150.00 12/2~/51 ~. F. SUTHERLAND 150.00 12/26/51 S. TARGONSKI, JR. 100eOO 12/26/51 F.d. ~ATE 15o.oo 12/26/51 R.H. TA~LO~ 150.OO 12/26/51 ~. R. TAYLOR 150.OO 12/26.1~1 J. [. 1(~PLE 1~0,00 12/26/51 G.r. THOMA= 150.00 12/2G/~1 P.B. TMONAS, J~. 150.00 12/2~/51 ~:. H, 1HOMPIO~ 150.OO 12126151 K. R 1MROWER 150.00 12/26/51 T, H, ~ILLMAN 150.00 12/2~/~1 ~. G, TOWASlR¢ 200.00 12/26/51 W.S. TRAYLOR, dR. 200.00 t2/2~/~1 R. ~. l*lPr 150.OO 12/2~/~1 L.W. TYSO~ 150.OO 12/26/51 ~. R. VAUeMN 150.OO 12/26/51 A, A, V~E*THAL(~ 150.00 12/26/~1 C. ~.. W~LL, J~. 150.00 12/26/~1 V.H. ~ALL 2OO.OO 12/2~/51 r.A. ~ARD 100.0~ 12/26/51 A. WARTHEN 100.0~ 12/26,/51 J.a. ~A~w,c~ 150.O0 12,/26/51 H. W¢eWE,SER 150.OO ~2/26/5~ L.J. WEAN(* 20O.0O 12/26/51 a.W. WETZ~L 150.OO 12/2~/51 R.A. WM£A~ 1OO.00 12/2~/~1 F. ~. WH~( 1~0.00 12/2~/~t V. E, WHITE 150.OO 12/2~/~1 M.H. WH,TE$1D£ 150.00 (CONTINUED) 55 RI" ;,/O 1O2 ~44-3
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2OAhO - ADVANCES TO SALESHEN DECEkeER 31, 1951 PAGE 10 D&T¢ Or ADVANCE 12/26/51 12/27/51 12/26/51 1112o/51 ) 1212615~ ) 1212e/51 12/26151 i 2126/5~ i 2/26/51 i 212E~1 i 2126151 i 2126151 REGULAR SALES ORGANIZAT)ON NANE Or E~PLOYEE D, H* WILLIAMSON R. J. WILMONT, JR. G. E= ~INKLE~ R, G. WIS£~ N. L. WOLFf T. N. ~OOD S. C. ~oooso~ B. L. WRIGH~ S. ¥Arr£ H. K. YATfS R= ~, ZUKERNAN TOTAL ~NOUN.~ 100.0~ 15o.ee 15o.oo 150.00 15o.oo 200.00 hoo.o0 100.0o 15o.oo lOO.OO 65,723.39 • 12/26/51 i 212615~ i 212615~ 1212e/51 12/26/51 12/26/51 II/ 1/51 i,~126/51 12/26/~I 12//26//51 i 2126/51 12126/5~ 12126151 i 2126151 i 2126151 i 2/26151 12/~'6/51 DO~ESTtC C IfiAR ORGANIZATION do R. CARROLL J, M. FAtRrAX S. d, FONTANA E. H. Foxx A. D. GADRI£L L, A. HANAT H. S. HIPR W. F. HUBER D. C. JOHNSON A. G. LA~I~ R. A, LA~RENCE G. B. L£SS£R D. ~. HCCLAIN K, H, SINGER d. J. ~AGNER d, F. WOMMSER H. R° ~YSOCKI TOTAL G~AND TOTAL 100.O0 1 00= 00 100.00 15o.oo 100.OO 15o.oo ~50.~ 200. O0 15o.oo i 5o.oo 350. oo 100.00 15o.oo IOO.OO i 5o.oo IOO,OO _.j1oo.~ 2 bOO O0 56 RI'><O I 025~4~
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"20A65- GAS, WAIIR AND OTHER DEPOSITS DECEMBER 31, 1951 ~H[ DEBIT BALANCE Dr THIS ACCOUNT REPRESENTS AMOUNTS OH DEPOSIT ~ITH VARIOUS C OHPANIES, GOVERNMENT DEPARTMENTS OR OTHERS VrIICH ARE REFUNDABLE TO US ON THE RETURN Or CERTAIN PROPERTY, DISCONTINUANCE Or CERTAIN SERVICES OR THE ¢OHPLETIOH or CERTAIN TRANSACTIONS. THIS ACOOUNT RECORDS~ 1 - DEDITS FOR THE ANOUNT OF DEPOSITS MADE TO ANY INDIVIDUAL, CORPORATION OR GOVERNMENT DEPARTNENT THAT IS RETURNABLE TO US IN THE NATURAL COURSE OF BUSINESS* 2 - CREDITS FOR THE AMOUNTS REFUNDED DY THOSE HOLDING DEPOSITS rR~ US. ~H[ DEBIT BALANCE AT DCCENBER 31, 19~1 IS COHROSED or THE FOLLOWING: UNITED AIR LINES, DEPOSIT FOR GUARANTEE OF PLA~ FARES ~2~.0C) DEPOSIT WITH A° GOLOt4ANp POSTMASTER, TO COVER POSTAOE USAQE ON POSTAGE NETCR NACHINES DEelT IALANCE, DECEXBEQ 31, 1951 J 0255445
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21A10- DIVIDENDS RECEIVABLE DECEMBER ~1, 1~51 ~HE DEDIT DAt.ANC[ Or THIS ACCOUNT REPRESENTS DIVIDENDS RECEIVABLE VRO~ INVESTMENTS IN STOCKS Or OTHER COMPAN Ir$o ~HI$ ACCOUNT RECORDS: 1 - DEOITS FOR MONTH END CREDITS 10 ACCOUNT NO, "67~- DIVIDENDS AND INTEREST EARNED" COVERING CASM DIVIDEND INCOI4E CREDITED HERETO fOR 1HE MONTH° - CREDITS FOR CASH RECEIVED FROH VARIOUS COMPANIES COVERING DIVIDEND ON STOCK OWNEC SY 1HE ANENICAN TOBACCO COMPANY, ;HERE WAS NO =ALANCE IN THIS ACCOUNT AT DECEMBER 31, 19~1. 5S Rl" HO'| 02 55~I-4-6
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'21A20- INTEREST RECEIVABLE DECrMBER 31, 1~1 ~HE O(BIT RALANCE OF THIS ACCOUN1 REPRESENTS ACCRUED INT(~EDT RECEIVABLE ON 60NDS O~ED SY THE EOMRANY AND ON RILLS RECEIVABLEp HORTGAGESw LOANS AH~ EURREN1 ACCOUNTS, THIS ACCOUNT RECORDS! 1 ° D(RITS FOR; A- MONTHLY CREDITS TO ACCOUNT NO. n676- DIVIDEND5 AND INTERES~ EARNED~ COY[RING ACCRUED INTEREST FOR THE MONTH ON BONDS O~/NED D~ THIS COt4PANYe B" MONTHLY CREDITS TO ACCOUNT NO. ~z~. |NTEREST, EXCHANGE AND DISCOUNT RECCIVCDr COVERING ACCRUED INTEREST FOR THE MONTH OH SILLS RECEIYAOLE~ MORTGAGC&p LOANS AND CURRENT ACCOUNTS. 2 - CREOITS FOR OERITS TO ACCOth~T NOS, "1OA10- CASH IN IANKS~ O~ R1OA~- UNARRLIED CASH COLLECTIONS~ COYERING COLLECTION OF INTEREST ON BONDS, RILLS RECEIYAOL[~ MORTGAGES p LOANS AND CURRENT ACCOUNTS, TilE OEIIT |ALANC( AT DEEENBER ~1, 1~50 IS COHPOSEO or THE FOLLOWING: ACCRUED INTEREST ON NOTES, BILLS AND MORTGAGES RECEIVABLE (FOR DETAILS SEE ANALYSIS OF ACCOUNT NO, n~lOo B ILLS ANO MORTGAGES RECEIVABLE~ IN SUPPLEMENTARY FISCAL BINDER) CORPORATE STOCK, CITY or NEw YOMR - DUE 1~0 t32,OOO.OO - SERT(.SER 1 - DECE.aCR 31, 1950 AT ~ 1/~% UNITED STATES TREASURY BONDS - OUE 1~ $26,O00.00 - OECE~KR 15 -- DECE.eER 31, 1950 AT 2 1/~ TOTAL 7,37c.13 ~5).33 02554.4P
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21A30- DEPOS ITS RECOVERABLE FRGM INSURANCE COMPANIES DCCFMBER 31, 1951 THE DEBIT BALANCE or THiS ACCOUNT REPRESENTS THE PORTION Or SPECIrlC INSURANCE PREMIUMS THAT WILL BE REFUNDED BY THE COTTON AND WOOLEN MANUFACTURERS MUTUAL, |NSURANCE COMPANY OF N[~ ENGLAND AS ESTIMATED BY OUR INSURANCE DEPARTMENT, THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- THE TOTAL GPEClFIC DEPOSIT PREMIIJ445 PAiD TO THE COTTON AND WOOLEN MANUFAEYURCRS MUTUAL iNSURANCE COMPANY OF NEW ENGLAND. ~- CREDITS TO VARIOUS ACCOUNTS FOR THE EXCESS AMOUNT RECEIVED FRO6I THE INSURANCE COMPANY OVER THE AMOUNT ESTIMATED TO mE RECOVERABLE UPON THE EXPIRATION OF THE POLICY. 2 - CREDITS FOR; A* PAYMENTS RECEIVED fROM THE COTTON AND WOOLEN MANUFACTURERS MUTUAL iNSURANCE COMPANY Or NEw ENGLAND ON REDUCYION~ CANCELLATION OR EXPIRATION OF COVERAGESe ~- REDISTRIBUTION or THE TOTAL DEPOSIT PREMIUM CHARGED TO ACCOUNT ND. 21A30 COVERING: 1. DEBITS TO BRANCHES, AFFILIATED COMPANIES AND ACCOUNT NO. u~C)A~5- UNEXPIRED INSURANCEN fOR M~IAY PORTION OF THt ORIGINAL MAUTUAL DEPOSIT PRENIUH WHICH IS NOT EXP£CT£D TO BE RECEIVED AS DIVIDENDS AT THE EXPIRATION OR CANCELLATION Or THE POLICY AND WIt lCH THEREFORE IS RECLASSlFED AS A PREPAID EXPENSE. 2, D[BIT$ TO THIS GAME ACCOUNT FOR THAT PORTION OF THE TOTAL SPECifiC DEPOSIT PREMIUMS WHICH ARE CONSIDERED PRO~JABLE Or REFUND FROM THE COTTON AND WOOLEN MANUFACTURERS MUTUAL iNSURANCE COMPANY or NEw ENGLAND. C* CHA~GCS TO VARIOUS ACCOUNTS FOR THE EXCESS or THE AMOUNT ESYIHATED TO BE RE- COVERABLE OVER THE AMOUNT RECEIVED FROM THE INSURANCE COMPANY UPON THE EXPiRA- TION or THE POLICY, A BUNNARY ANALYSIS OF TRANSACTIONS rOR THE YEAR 1951 rOLLO~: (CONTINUED) 60 f~ ]" H 0 1 02 _% $4,.I.. 8
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• 21A~0- DEPOSITS R£COVERABLJE FRGH INSURANCE COMPANIES DECEIdBER 31, 1951 PAG[ 2 D[BIT BALANCEw JANUARY I. 1951 GROSS OEPOSIT PR£MIUtd PAIO OURINO 1951 ADJUITN[NT fOR C~[OlTS TO VARIOUS ACCOUNT8 FOR [XCEIS OF ACTUAL DIVI- D[NDS R[¢(|¥[0 OV[R TH[ AMOUNT [$TINAT[O AS RE- COV[RABL[ UPON (XPIRA- TION Or POL|CY 11,~20,O~ TOTAL OcemTs 193,~93.3~ L[ss: ACCOUNT No. "80A3~- UN[XPIR[O |NIURAN¢[t 17,876.76 R[TURN PR[NIUM R[C(IV[~ UPON [KPIRATION OF POLICY~lm~OS.~h TOTAL CR(DITS TO O[Po$ mT ACCOUNT 59.282.10 ~[BIT BALANC[j D[C[Ne[* 31, 19~1 1~.211.2~ TOTAL. 127.9o1.31 5~,172.oo .... C, 9 v [ R A G ( 10~ HUTUAL SP[C|F'IC 11 -I -ll9 TO 11-I-52 11.I.1C/ TO (CANC[-[O 1-1-51) 1-1-51 USE AND CIGAR OCCUPANCY ~ACH IN(S CONI~|NATION ~UTUAL SmgclrJc 1-1-51 To 8-1-1t8 vo 1-1-5~ 1-I-52 US( ANO Us[ AND OccupANc~ 26,o76.16 3,9o9.15 - 97,916.00 5~,172.00 11.260.79 I~,2h 37°336.95 ~o068.39 54,172.OO 97,9~6.oo 17,876.76 DEPOSIT PR[NIUNS ARE CONSIDER[O TO BE RECOVERABL[ AS FOLLOWS: JANUARY I, 1952 97,916.O0 JANUARY I, l~b ~G,2g~m2h 02 55~%~9
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21A35- MISCELLANEOUS ACCOUNT5 RECEIVABLE DECEHBER 31, 1951 THe DEBIT BALANCE Or THIS ACCOUNT REPRE$[NTS AMOUNTS DUE US FROM SUNDRY OCBTORS WHICH ARE NOT RECORDED IN OTHER RECEIVABLE ACCOUNTS° THIS ACCOUNT R[COROS: 1 -D¢BITS FOR AMOUNTS DUE FROM SUNDRY DEBTORS WHICH ARE OF ~ SPECIAL OR UNUSUAL NATURE, 2 -- CflEOITS FOR COLLECTION OR ELIMINATION OF ITEMS CHARGED TO THIS ACCOUNTo THE DEBIT 1 ° BALANCE AT DECEMBER 31, 1951 I$ COMPOSED OF THE FOLLOWING: AMOUNT DUE FNO~ AMERICAN MACHINE AND FOUNDRY CONmAN~ FOR ROYALTIES ON ~-16" STEMMING HACNIN£S FOR FOUR MONTHS ENDED D£CE~ER 31, 1951 2 * AMOUNT DUE FROM STATE OF NORTH CAROLINA FOR OVERASSE$SMENT oF 19~9 INCON£ TAX 3 " AMOUNT DUE FROH MRS° MARGUERITE H, WHITE FOR O IVIO[ND ON 12 SHARES OF COMMON STOCK SENT TO HER AT VRONG ADOR£SS ° ANOUNT OF CREDIT DUE FROM STATE or PENNSYLVANIA BASED ON REO[TERNIN£D RATE APPLICABLE TO FOURTH QUARTER UNEMPLOYMENT INSURANCE TAX - COMPANY CONTRIBUTION " AMOUNT DUE FROM NATIONAL BROADCASTING CO#4PANY FOR 7 1/2~ STATION TIME DISCOUNT EARNED BY TELEVISION PROGRA#4S DURING FOURTH QUARTER Or 1951 - REFUNDS DUE FRO~ UNITE~ AIR LINES FOR AIR LINE TICKETS PURCHASED FOR THE FOLLOWING~ BUT NOT US£D° HR. Jo Co NAPIER MR° C, E. STEPHENS HR° R, B, WALKER HR. Lo RIGGIO HR. [. F. MOONE~ HR. G. G° ROe lNSON, JR° HR. L. V. HALL MR° A° KRASNOrr HRe Ro ~° SCHILOKAMP MR. H. L, BRUNETTE HR. D. ~. SHE* HR. G. W. KAv¢ HR. H, J. GIL~ HR. F. L. Coo~ MR. A, GOLO MR, O. N. COTT MR. J. A. ROME MR. J. KENNEDT HR, [, P° ANDREWS HR. H. F. CO~AN 50.D9 5o.o9 32.D3 32.D3 k5.66 7.~1 7.~1 13,8o 29.33 12.88 13.52 %.73 13.52 1~.11 19.95 19.95 ~2.84 78,537.36 55.72 9.00 39,211.16 33.802.87 (CoNTINUeD) 62 Pll';KO 1 02_s.. 54.50
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~IA35- MISCELLANE(~JS ACCOUNTS RECE IVABLE DCCEHBER 31, 1951 PA m*" 2 MR. R, G. WILSON MR.R. I,. FARROV' MR.H. J. HorrNA~ MR,J. HALLOW MR.F. F. COOK MR.G. W. K~YI£ HR.R. N. MU'LLI:~ 7 - RrrUNDS DUE: IrRO~ VARIOU~ TRANSPORTATION COHPANIrS FOR ItAILROAO AND PULE.MAN ~ICK[TS PtJ~CHAS~D VOR TH[ rOLLO~INGp BUT NOT US¢'D MR.A. HAR~I~ MR,J. Jo CUNNINGHAH" MR.L. J. RI;~lo MR.d. Ao RO~/E: UN KNO%/N DR, D. REES JrNSEN HR, G. A. WILKINSON MR. E. A. HARVEY MR, A. L, SIERNA MR, R, B£NN£TT MR, J, P'~,, BYRNE MR. J. Ao CROWE MRS. COLLINS (NOI~IER OF D, COLLINS) MR. H. P, VCHSLOG£ HR, E, R. ~)UENNING ~IRo[, J. PRIOR MR. E. A oLYNN MR. T. P. CONNO~S MR.A. L. JANSON MR.Co F* HE:TSKO MR,F. MALLGRAF MR. ALllCRT GOLO ~IR,J, GORN&N MR, R. J. BOYLAN MR,W, W. WILSO~ HA.A. J. GOLD M~.A. N. PmETRO~ MR.R. ~'.SCHILDKAMP MR.G. J, SCNRAMM HR.J. HANLON MR.I~.do GILL HR.J. P. LONrRG&N MR, A, STEV£NS DrBIT BALANCE Drc¢HBER 3'1, 1~I 18.86 28.87 13,9a ~1 ,~,o a% 59 75.~a 37 • 61 6a.p6 37,61 37 • 61 ~82.62 52.~7 69.22 3IJ .07 5G.3o 56.30 20.79 15.'1o 18.~3 ~2.7~ 18.5t 18.5); 112.~ 2.~.0 2.40 103.12 16~.67 191.22 ~7.8~ 1 31.21 790.3o 63 0.." _ 545 1
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• 21AhO- ACCRUED ALLO~4ANCE$ UNDER Q~U~TITY PURCHASE CONTRACTS DECEMBER ~1, lC)~1 THE DEBIT BALANCE Or THIS ACCOUNT REPRESENTS THE AMOUNT OF ESTIMATED ALLOWANCES TO BE MADE BY CERTAIN SUPPLIERS ON OUR AND AFFILIATED CONPANIESI PURCHASES UNDER QUANTITY PURCHASE CONTRACTS. THIS BALANCE IS FULL~ OFFSET BY THE CREDIT BALANCE IN ACCOUNT NO. "~1A~2o RESERVE FOR ACCRUED ALLOWANCES UNDER QUANTIT~ PURCHASE CONTRACTS." THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- CREDITS TO ACCOUNT NO. "21A~2- RESERVE FOR ACCRUED ALLOWANCES UNDER QUANTITY PURCHASE CONTRACTS~ FOR ESTIMATED ALLOWANCES RECEIVABLE FROM CERTAIN SUPPLIERS BASED ON MONTHLY PURCHASES UNDER TERNS OF QUANTITY PURCHASE EONTRACTSo B- CREDITS TO ACCOUNT NO. '"21A~2- RESERVE FOR ACCRUED ALLOWANCES UNDER QUANTITY PURCHASE CONTRACTSfl FOR ADDfTIONAL ALLOWANCES RECE|VSD rROH CERTAIN SUPPLIERS, REPRSSENTING THE EXCESS OF "THE ACTUAL ALLO~'ANCE, DETERNINED AT THE END OF THE CONTRACT P[RIOO~ OVER THE ESTIMATED ALLO'd'ANCE ACCRUED, 2 - CREDITS FOR: A- COLLECTIONS OF ALLOWANCES FROM CERTAIN SUPPLIERS. B- DEBITS TO ACCOUNT NO. fl~1~2- RESERVE FOR ACCRUED ALLOWANCES UNDER QUANTITY PURCHASE CONTRACTS~ REPRESENT4NG THE EXCESS Or THE ESTIMATED ALLOWANCE ACCRUED OVER THE ACTUAL ALLOWANCE RECEIVEDe DETERMINED AT THE END OF THE CONTRACT PERIOD. A $UlqiNARY ANALYSIS OF TRANSACTIONS fOR THE YEAR 1 ~1 FOLLOV$: SUPPLIERS DUE THE AHERICAN TOeA¢CO COMPANY $1QNO.I~ STEEL STRAPPIND CONPANY ~EIO[NBACN~BROWN CONPANY TOTAL . 1(~1 COLLECTIONS DEBIT BALANCE AND DEBIT BALANCE JANUARY 1 , 1~1 ~ ~L|NtNAT|ONS DE~EMBER ~1 . .1¢~1 103.38 I~3.~I 187.8o a!~,96 2~,~,,, lo~,~8 ~62.~7 .... ~06,~ _ 58.99 RI')X01 02%% =~ • _. _.4-.',.,"
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t 21lL.1;2- RESERVE FO~ ACCRUEO ALLOWN~C[S UNDER QUANTITY PURCt.L~E CONTRACTS D~CEHBCR 31, 131 ~H[ CREDIT BALANCE OF THIS ACCOUNT REPRESENTS D£F[RR[D INCONE OF THE AHERICAN TOBACCO COhlPANY AND A DEFERRED CREDIT TO A~FILtATED COMPANIES FOR ALLO~/ANCSS TO BE ~CCEeVED ON QUAHTITY ~UHC~AS¢S f~O~ CERTAIN SUPPLIERS UNDE~ QUANTITY CONTRACT ARRANGEMENT5 AND CONSTITUTES A FULL orFs[T TO THC D£SlT BALANCE IH ACCOUNT NO, ~2tA~0- ACCRUSD ALLOWANCES UI¢DER QUANTITY PURCHASE CO~TRACTS," THC PROP£R EXP£NS£ ACCOUNTS AND AFFILIATED COmPAnIES A~C CREDITED ~4[~ PAYt4E~T IS HECEIV£D FRO~ THE SUgPLt¢~$. ~HIS ACCOUNT RECOROSt I " CREDITS FOR: A- ~EDITS TO ACCOUNT NO, "~IA~C)- ACCRUED AL~¢HdANC[$ UNDER QUANTITY PUNCHAS£ CONTRACTSw FOR ESTIHATCD ALLOWANCES RCCCIVABL[ rRO)4 CESTA'IN SUPPLIERS BASSO ON NONTHLY PURCHASES UNDER TERMS OF QUANTITY PURCHAS[ CONTRACTS. B- ~CBITS TO ACCOUNT NO~ "21A~0" ACCRUED ALLO~dANCSS UNOCR QUANTITY PURCHAS£ CONTRACTS~ FOR ADDITIONAL ALLOWANCES RECEIVED rHOH C~RTA IN SUPPLIERS REP- RESENTING THE EXCESS Or THE ACTUAL ALLOWANCE~ OETERHIN~O AT THE END OF TH£ CONTRACT PERIODj OVCR THE ESTINATED ALLO~ANC£ ACCRUED. 2 - DEBITS FOR; A- CREDITS TO PROPER [XPENS£ ACCOUNTS AND AFFILIATED ¢O)4PANIES ~OR TH[ ALLO~ANC¢S COLLECTED tROt4 CCRIA IN SUPPLIERS, B- CREDIT TO ACCOUNT NO! "21A~0- ACCRUED AL~O~/ANC[S UNDER QUANTITY PURCHASE CON- TRACTSa H£PRESCNTING THC EXCESS OF TNC ESTINATED ALLOb/ANC£ ACCRUED OVER THE ACTUAL ALLOWANCE HCCEIVED, D[TERNINED AT TH[ [NO Or THE CONTRACT PERIOD. CREDIT 8ALANC[ AT DECENBER 31, 131 (FOR O[TAILSw ICE ACCOUNT NO. "21A~0- ACCRU£D ALLOWANCES UNDER QUANTITY PURCHASE CONTRACTS~) (;5
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21A50-- I~4ANSP'O4TATI0~J CLAI('~ ~CEMBC~ 3~, 1951 THE DEOIT BALANCE OK THIS ACCOUNT RrPRESENTS THE AMOUNT DUE FRO61 COMHON CARRIERS FOe CLAIM ACTUALLY rlLrD WITH THEH BY OUR TRAFFIC DEPARTMENT AND BRANCHES FOR EXCESS TRANSPOeTATION CHARGES PAID~ IHDEI~ITY FOR DAMAGES AND PILF'ERAGEm AND REIHBURS[MENT FOR IHE VALUE Or MERCHAN- DISE LOOT WHILE $HIt~IrNTS WERE IN TRANSIT O~ IN POSSESSIOt; OF THE: CARRIER, IN ADDITIO*; THE BALANCE INCLUOES THE NET BOOK VALUE Of" MERCHANDISE LO6T OR DAMAGED WHILE AT THE CARRIERIs RISK PLUS RECOVrRABLE ExPrNsES F'O~ WHICH CLAIMS ~ILL BE FILED WHEN ALL THE COSTS AND EXPE~ES HAV£ BEER AECUNULAT[D ON THE BOOKS ° THIS ACCOUNT RECORDS: 1 - DEDITS FOR: A° CREDITS TO ACCOUNT NOS, i612.1° FREIGHT AND &HIPPING EXPENSE - CIGARETTESe SHOKING, ETC.t Am a612,2- FRE IGHT AND CHIPPING EXPENSE - CIGARS~ AND OTHER $UNORY ACCOUNTS COVERING ¢LAIklS rlLr(~ WITH CARRIERS BY OUR TRAf"rIC DEPARTI4ENT FO4~ THE EXCELS POCRTION OF TRANSPORTATION CHARGES PA lOG B°CHARGES FROM 3T1[ VOuCHrR REGISTrRFOR THE AMOUNTS PAID TO OTHERS IN CONHECTIOH VITH RECORDITIO~ING MANUfACTUrED STOCK ~TICH WAS DAMAGED WHILE: IN TRANSIT. THESE: AMOUNTS ARE INCLUDED IN THE TOTAL AMDUNTS FOR WHICH THE CLAIRLS ARE: FILED, C°MONTHLY C~rDITS TO ACCOUNT NOS, 1161~.1- FREI~T AND SNIPPING rXPENSr - C|GARETTrS, SMOKIHGw ETC.tT AND 161[~*~- FRrlGHT AND CHIPPING rXRENS[ - CIGARSw fOR THE VALUE OF WRAPPING MATERIAL USED IN RECONDITIOHING NANUf.AETU~rD STOCK RECEIVED BY WAREHOUSES IN A ~I4A(IEO C~DITION. ~HES[ AMOUNTS ARE: INCLUDED IN THE TOTAL AMOUNTS FOR WHIC~ THr CLAIN5 ARE FILED* D- CREDITS TO ACCOUMT NO. II~AlO- ACCOUNTS RECEIVABLE - CUSTOt4ERS~ ON N.Y.O. FORMS 87 - IAccouNTS RECEIVABLE ADJUST~NT ENTRY,It APPROVED BY ~rHE CREDIT DEPARTHrNT, FOR GHORT- AGES IN SHItW~rNTS, OF HANUf.ACTURED GOODS RECEIVED BY THE: CUSTOfiLERS AND FOR ADDITI~AL TRAN~PORTATIOC¢ CHARGES PAID BY CUSTOi4ERS WHICH OUR ~RAFFIC ~E:PARTMrNT HAS DETER)41NrD TO Br OVrR-CHAR~rs, CLAIMS FOR THESE AMOUNTS ARE FILED WITH CARRIERS BY OUR TRAFFIE DE PARTIMEN T * r. C41ARGE$ntOM BRANCHES FOR AMOUNTS Of. CLAIMS rILEDBY THEM WITH TRANSPORTATION CO#(PANIE$ FOR THE FOLLOWING: (A) THERALE$ VALUE OF" INLANUFACTt)RED (;IOODS LOST OR DAMAGED W'HILE: IN TRANSIT BElldl[EN BRANCHrS * 1HE dU4OU~T OF fREIGHT ovrRcHARGES AND DAHAQ[ TO OR THE VALUE: OF MATERIALS, OTHER THAN GOODS OF OUR OWN RU~NUf.ACTUR[, LOS7 WHILE: IN TRANSIT TO BRANCHrS* F* CREDITS TO ACCOUNT NOS* I~00.1- ~AL[S TO CtJ~TOMERs - CIGARVTTE$~ RMOKINGB ETC,I° AND I1~00.~- SALE8 TO CUSTOMrRS - CIGARS~ fOR THE: VALUE: OF MANUFACTURED GOODS IHIPP~D TO WARrHO~mE$ I~'(ICH WERE LOST OR DAMAGED WHILE IN TRANSIT, G* CmrDITS TO AECOUWT NO. "1~A10- ACCOUNTS RECEIVABLE - CUGTCHERSI~ COVERING CLAIm FILED fOR THE SALES VALUE Of" NANU[rACTURED GOODS DA~A~D OR L~(;T ~HILE: IN TRANSIT TO CUISTON[RS* H- CREDITB TO MISCrLLANEOU~ ACCOUNTS fOR RECOVERABLE EXPENSES AS ADDITI~S TO THE ~404JNTS or CLA INS * (CONTINUED) 0"~.~ _~4-~4._
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21A5o- "rPJU~PmTA'rnoN CLAam DCCC~CR 31, 195~ PAQ[ 2 - CRrOITS fOR: A- D£BITS 'TO ACCOUNT NO$. "10A10- CASH IN BANK~m OR (q1(~60- UNAPPLIrD CASH COLLECTIONS" IroFI A~LI~NTS COLLECTED lrRO~ CARRIERS |N SETTLrMENT OF CLA|NI,~ F|LrD %~ITH TH£M+ RtDUCT|ON OF CLAIb~L~ FOR IALVAG[ VALU[ OF t4ANUFACTURED STOCK OA~4A~rD IN T~ANSIT 3"0 WARtHOt.I~r$ ~ CUSTOt4[RS, WHICH STOCK HAS Br[N R[TURNr~ FO~ Rb'COND|T|ONING. C- CHARG[$ 3"0 NISC[LLANI~'OUS ACCOUNTS fOR ANY IRC'DUCTION IN TH[ AMOUtNT or CLAIr45, AND FOR 3`Hr ANOINTS OF" CLAIId~ %~RITT[N OFF fOR W~ICH CARRIrRS HAVr Itlrdl[C3`[D OR DISCLAIM[D ANY LIABILITY. D- CHARaES 3`0 A¢COUN3` NO'.. "1~AI5- REIERVr FOR CASH ~ISCOUNTSII AND U21AS~- INSURANCE COMPANY CLAIIdI.~m FOR CLAIkI~ %~'/|CH #/AVE BSrN DISALLOWF.D AND FOR WNI~ AN |NSURANC~ CLAIN HAS DErN FILr~. TH[ DCel3" BALANCE A'r DrcI[:MBI[:R 31 , 1951 IS CO*4POOCG OF" THr IrOLLOWING: ~ARCHOU$[ D[PART~[N7 Ct-A IH NUI4BCR AHOUN.,....~ A~,L 20 3~A19 - ",,~m z2.3~, ju.c 6 3~,772 - w5~5 z5.6~ JULY 9 35O05 - v675 ~ .17 auau='r 23 35361 - ~/8~, 119.79 Scp3"c.s,~ 28 35638 - W1066 106.57 0¢3"~R ~ 35679 - w1133 615.33 OCTOIC. 10 35701 - W1135 5.90 O¢,oec, 19 35782 - W12~9 13.66 o¢3`oec,~ 30 35869 - w1~o6 ~5.~ OCTOBER 30 3~8~O * ~1~'12~)2 50~.93 Novt=,~c. 9 3592~ - W1300 5.11 Novc~mc. 1~ 359~, - V116~ 30.78 ~ovc.~¢, 19 35961 - v1165 7.99 Novc,e.~ 19 35965 - W1239 7.63 Nov=~,',~ 19 35966 - wilco 2Z7.97 Nov[m|. 19 35967 - WI~95 5~.O1 NovcwK, 19 35968 - w1313 7.~2 Nov1:~[. 19 35975 " W1389 66.6~ Novel, act. 21 35985 - V1:~80 6.09 Novc~q~[~ 27 36015 - ~1E57 115.29 Novc~er~ 27 36019 - W1333 30.~ Novt~st, 27 36~I - W13~5 8.5~ Novc~c~ ~7 36oe3 - m~ ~.6~ Novc.ac, ~7 36~e9 - v~38~ 3L16 Novc.K~ 28 360~ - W1~O~ 8.76 Ncwt~t, 28 360~5 - vl~.O1 7.99 NOVtNItll ~8 360~6 - Wlb,21 2~.27 NOVt~.mt~ 30 36060 - w1~ 15.80 NOVt-ac, 30 3606~ - V1359 7.70 ~ovc.=c. 30 36o65 - w1363 16.99 NOV[~[, 30 36066 - W136~ 11 .59 Novr~ec. 30 36067 - W1376 8.~9 Nc~rW=¢, 30 36069 - ~/I116 7.78 (COR3",.uto) RT~OI 0255~55
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21A50- TRANSPORTATION CLAINS DECENBCR 31, 1951 NOVE~rR 28 D[¢£NsrR 1 0 D£ ¢¢NBI[ R 10 Dr C¢NS"* 10 D[C[NerR 1 0 DECENBER 10 DECrNI~£R I O O [CCW.S¢R 12 D¢¢¢NBrR 12 0¢ C£NS"R 12 DrC¢NBER 12 I)rc£NO£R 12 D I:CENOER 12 D£C£NBrR 12 Dr C¢NBrR 12 IN: C£0,mER 12 D£C£NeER 12 D£C£NIBI:R 12 DCCrNS£R 12 D¢C£NS£R 12 DECCNBER 12 0£ C[MB[R 14 DE¢¢NBER 14 D£¢¢MOER 14 O£C"NO£* 14 D'CtNBr~ I Oz ¢¢W, OER 111 DECtNID£R 1 )t DrCtNBr~ 1~I Drc,NeZR I~ D~C¢NS£R 14 D£C£NOER 21 O¢CrNBrR 21 DECCNSER 21 0¢C¢NI1£# 21 D¢C£NS£R 21 D( C£NIIER 21 D[C£NS¢R 21 O' crNocR 21 D¢C£NaER 21 Or CI~NB£R 21 Dl~ CeNSeR 2'I O[:c~'mD,r R 21 OI:C£NSE~ 21 IXCKNsr R 21 O" ¢¢,,,m¢~ 21 k C£NBr~ 21 O¢C£Na£R 21 DECCNatR 21 0[¢¢NO¢~ 21 D[CrNO[~ 21 DKCrNB'~ 21 OEC¢NB£R 21 WAREHOUSE DIC PARTNE NT CLA IN NUNBER ANOUNT 36o~3 - w1375 43.71 36106 - W1305 8.71 36112 - W1426 9.15 36113 - Wl ~31~ 42.71 36114 - wI~1 79.13 36115 - W141t2 12b,.7~ 36118 - w1553 693.85 36131 - w1393 8.75 36132 - W139b 7.35 36134 - WI~,O3 10.67 36135 - W140~ 7.57 36136 - W1405 5.93 361110 - W1406 12."(1 36142 - vI~31 10.05 36143 - w1433 16.29 361~6 - Wl~.~7 9.45 361~7 - W1452 7.8)I 36150 - w1461 7.35 36151 - w146~ 6.80 36152 - W1470 11.42 3615~ - w152-1 122.87 36157 - w14o9 4o.5b 36158 - WI~11 6.45 36159 - ~rl415 58.74 36160 - W1437 6.53 36161 - W1~77 28.98 36162 - WI~90 8,46 36163 - WI~96 8.82 3616~ - w1505 9.61 36165 - w1537 I0.k8 36166 - W1582 23.96 36191 - w1396 26,09 36192 - W1402 113.23 36193 - w1438 15.30 3619~ - w14~9 12.6~ 36195 - W1450 16.93 36196 - W1451 6.36 36197 - Wlk59 6.92 36198 - WI~63 14.68 36199 - W14~ 12.91 36200 - w1471 5.21 3(>2oi - w1472 16.c6 362o2 - vI~,73 49.21 36203 - w1478 18.17 362o~ - ~82 1o.48 362.0~ - WlJ~,8~I 11.79 36206 - w149~ 17.3~ 362o7 - v1495 7.57 36206 - v1515 9.26 36209 - ~1516 11.~ 36210 - W1520 6.33 36211 - I,/1.522 16.55 36212 - W1532 6.89 (CONTmU¢O) 025D456
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21A50- TRANSPORTATICI~I CLAIMS IX:CEXBER 31, 1951 PAOE ~ARrHOUSr D[ PARTN[NT CLA IM NUI4BrR AI4OUN~ OEct-,,,,'~ 21 36213 - w1538 T.9~ o£cz,m-R 21 36~14 . wtS~,2 Io.I~. O¢c,'~,~,',~ 26 36222 - w1377 ~o7.35 Drc¢(,.lare 26 362211 - W1~39 ~.b,0 O¢c,,4mER 26 36,?.25 . w1~.~, 22.Ol D£CENerR 26 36226 - W1~62 5.90 D¢CCNSER 26 36227 . W'11481 lb,.18 DECENOER 26 3~.28 - Wi~92 8.0~ Drc¢('Is*'~ 26 36229 - W1~31 123.50 Occc~4~.. a6 36230 - m565 9.37 DEcri,,~,'e 31 36236 - V1398 7.61 D-c~0~uD-~ 31 36237 - V1~30 15.32 O,'C,'~4UB~,~ 31 36238 - W1~13,?. 23.19 Orc, c~mcR 31 36239 - WI~6 8.22 I)¢C"NBrR 31 362~0 - WI~55 28.39 DzczHsc. 31 362hl - W1~75 1.~.115 occc~=¢,~ 31 3~1;2 - Wl~O 16.97 O,'c,'~,',~ 31 362~3 - W1~88 9.06 O.cr,,~.,, 31 36~ - v1~o 12.35 Otcz~s,'~ 31 362~5 - W1~93 5.82 D=c¢~[, 31 36~6 - ~I~97 10.57 O~c¢.m,R 31 36~7 - W1512 30.58 o¢c~,~c,~ 31 36~8 - w~513 7.o6 D¢CCNOCR 31 362~1.9 - %/1~25 10.b,7 OrccN~¢* 31 36250 - W1527 13.17 0¢c¢*.m'~ 31 36~51 - w1528 1o.93 D¢c¢.=¢~ 31 36252 - w1529 2~.63 D¢ctNez. 31 36259 - W1530 7.0~ 0¢c¢w~¢, 31 36260 - V1539 6.88 Occzw=¢l~ 31 36261 - W15~O 12.63 DE¢CNBER 31 3@62 - Wl5~11 8.1~ O¢=~r. 31 36263 - w15~2 19.56 D¢CENI~ZR 31 3~6h - W15~ 11.1 .~?. Ozcrm.'. 31 36z65 - w1597 9.57 0¢¢¢~R 31 36266 - W1606 16.98 D-c.'-az. 31 36267 - w16o7 12.86 TOTAL ~AREHOU~E DrPARI14ENT Ct.klIN~ FI,,E:(;> BRANCHr~ C~.A ~4 NU'~4BC~ A~OUN'r AUQU~T 8 3~81 RrIOSVIL,,[ S 7~.~ 111 .gh Oc'roe.,~ 3 35673 Rzlosv~,,cz s 7~71 42.30 OCTOeZR 21; ~833 OUm.~A~ B 33 125.3~ NOVZNec. 29 36051 Ou.x.~x B 38 ~,0.~,0 NOVCNII:* 29 36052 Ou~NA~ B 39 kk.O7 NOVICNB£R 30 36083 DIJ(~HAH B ~,0 66.O1 Nov,'~,c,, 30 36078 RE ,osvIL,.E B 7~8o 90.80 D¢CENBI:R 11; 36167 LOuISvi,,,,[ B 19392 22.57 (CON'r INU¢O)
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21A5o- "r~,u~PORTATIO~ CLAim C~C~ISER 31. 1951 PAG£ 5 DCCC~,qOCR 18 DCCCm~,CR 18 DCCCMetR 18 DeCeMBeR 21 DECENeER 21 BRANCM CLAIM NUt4BER 36175 R¢IDSVILL[ 36177 Rc ,OSV,LL[ 36178 RC,~V,LLE 36221 LOUlSV,LL( 36220 DU.NA. TOTAL BRANCH CLAIM~ e 7~ e "?z~83 e -p,~ B 19393 AMOUHT 78.o5 13.16 27 .oi 12 .oo JULY 2 AuousT 28 NOVtNISCR 2 iXCCm~,tR 6 ~lrRV tCr ~[PARTMrNT CLAIM NUXBER 3~981 s 591 35390 s 598 35913 s 6o4 36097 $ 606 TOTAL SrRvICE DrPARTI41:NT CLAIIKS AMOUN1 22.38 Io.33 ~5.o9 AuotmT 28 SrRTtMOC~ 1~ StPr£NsER BO OCTOeER 18 OCTOeCR 31 NOVCNStR 2? NOVCNI)£R 30 DECCNSKR 11 DECU41tR 15 D~CCNSC~ I~ DCCENBE~ 21 DCCtNBCN 2? D[¢ENOER 27 Occc~cR 27 DCCCl, UlCR 17 Occct~c~ 27 DCCCNeCR 2? TRAFF IC BrPARTNCNT CLAIM NUNB£N 35385 T I~5~ 35513 T ig65 35538 T Ih69 35731 T lhSZ~ 35896 T 1~.95 35999 T 150~ 36o55 T ~5o~ 361o3 T 1507 36137 ~ 15o8 36139 T 1510 36176 T 1512 36~19 T 1513 36253 T 15111 3625~ T 1515 36255 T 1516 36257 T 1518 36~56 T 1517 36258 T 1519 36276 T 1521 T 15ao TOTAL TRAFFIC DEPARTMENT CLAIm AMOU~._._~T 1 .hh 2.32 1.70 %18 2.16 6.30 3.96 2.3~ 6.95 1.3~ 7 .k8 lO.C~ 1 .55 2.13 1.55 8,~o .73 2.80 .1~ 1 .~,5 80.00 m (COMT*NU¢O) ';~0 f-ll- MO I 0255~58
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21A50- ~TATION CL.AI~ ~4~:R 31, 1951 PAG[ OCTOe~R 18 Ocxo~R 2~ D[cz~[e 21 S[A STORES Cl.A ,. Nu~a[m 35734 ss 11 3~o9 ss ~3 36183 ss 15 TOTAl. SEA STORES CLA I~ AMOUNT 5o.89 ~6.56 F I1.[O BY ~r CAP t TULAT I O~4 ~ARKHOt~ [ Or PAR I"NrN T ~RANGHr$ S[RV tl:[ D[PARTN£NT TRAftr t ¢ Or PAR TN[N T SrA $TO~£S iNcO44pl.rT[ CI.AII4S (DrTAILS i4AINTA|NE'¢) ~Y ~AR[HOU$[ D[PAI~TM[NT) TOTAL D[etT ~I.ANC[ AT D[C[~ZR 31, 1951 AMOUNT 5.1~.11 i ,5~7.8o loo.51 8o.oo 13~.2o 7.1 R]'~01 02 554-59
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21A~5- INSURANCE COI4PANY CLAIMS DECEMBER 31, 1951 ~H[ NET DERIT RALANCC or THIS ACCOUNT REPRESENTS AMOUNTS DUE FROM INSURANCE C Ot4PANI[$ O~ CLAIMS PROPERLY SUISTANTIATCO AND FILED WITH TNEMmREPRESCNTING THE LCSS[R or EITHER THE ROOK VALUE Or THE ASSETS LOST* PLUS RECOVERARLE [XPEN$$S INCURRED* OR 114[ AMOUNT DUE FRO~ TMC INSURANCE COMPA~ FOR THE ASSETS LO~T UNDER THE TERMS OF THE POLIC~. ;HI! ACCOUNT RECORDS! 1 - DEBITS rOl~: A- CREDITS TO VARIOUS ACCOUt~T$ AND RRANCH£S FOR THE GROSS AMOUNT OF CLAIM FILE~ WITH THE INSURANCE COklffANYe VHICH AMOUNT MAY EXCEED THE NET ROOK VALUE OF THC ASSET LOST PLUS RECOVERABLE EXPENSES. ~* CREDITS TO VARIOUS ACCOUNTS AND RRANCHES FO~ ACTUAL EXPENSES INCURRED AFT[R CLAIM IS FIL[D, WHEN SUCH CLAIM WAS FILED FOR AN AMOUNT GREATER THAN THE MEt BOOK VAL~[ OF THE ASSET LOST PLUS RCCOV[RABLC EXPENSES* THCS[ CREDITS REDUCE THE DCFERRED PROFIT lET UP AS DESCRIRED IN ~-~ BELOW. C- CREDITS TO INCOffE ACCOUNTS COVERING DEFERRED PROFIT REALIZED UPON COLLECTIO~ OF A CLAIMj WH[H SUCH CLAIM WAS FILED FOR AN~dqOUNT GREAT£R THAN THE NET RDOK VALUE OF THE ASS[7 LOST PLUS RCCOVERARLC EXPENSES, D- CREDITS TO THIS SANE ACCOUNT FOR FAILURE TO COLLECT IN FULL A CLAIM FILEGm UP TO THE AMOUNT OF ANY PROVISION DESCRIRED IN ~*~ RELO~'. 2 * CREDITS FOR: A- DERIT8 TO ACCOUNT NOR. mlOA10- CASH IN RANKS* AND RIO~)- UN&PPLIEO CASH COLLECTIONSw FOR COLLECTIONS RECEIVED IN RE TTL[HENT OF CLA INS f IL[D. ~* D[SlTS TO THIS SAME ACCOUNT FOR ANY EXCESS OF THE GROSS AMOUNT O~r CLAIM FILED WITH TIME INSURANCE COMPANY OVER THE NET ROOK VALUE OF THE ASSET LOST PLUS RECOVERABLE EXPENSES. THIS PROVISlO~ REPRESENTS DEFERRED PROFIT* 10 RE TAKEN INTO IMCOMC WHEH AND IF COLLCCTION OF CLAIM IS MAD[ IN FULL, C" D£BITS TO THIS RAN[ ACCOUNT FOR R[DUCTIOH OF AMOUNT CL&IMEG* UP TO THE AMOUNT Or PROVISION DESCRIB[~ IN ~-~ AROY[e FOR FAILURE TO COLLECT IN FULL THC ~4OUNT OF CLAIM TILED* D" DEBITS TO EXPENSE ACCOUNTS FOR THE EXCESS OF AMOUNT OK CLAIM FIL[Dj LESS ANT PROViSiON OCSCRII[D ABOVE, OV£R AMOUNT OF COLLECIlON OH CLAIM. ~N[ OERIT RALANC[ AT D£¢rMRER ~1, 1~1 IS COMPOSED OF THE trOLLObZlNG: (C~TINU[D) f-~ T :~0 1 02-%5"I-6 0
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21A~.~-INSUPJ~C[ COMPANY CLAIHS DECEHBER 31, 1951 OATr or CLAI~ ~ CL**N NU~O(R ISCE AN US C AIMS 1950 NovrNBtR 30 NCw YORK 0rF ICE: 9.00 AUGUST 10 Nrv YORK OFFICE ~5.OO OCTOBER 3 N£W YORK Orrlc( 3535~ "re 3h66 26Z.h8 OCTORCR 19 Ntw YORK Orrlc( ~.OO OCTOB¢R 25 NEW YORK Orrlc¢ 35h~ "i:" 3h7B 380.~ OCTOeER 31 NEW YORK OrrlcE 126.17 OCTOBER 31 NEw YORK OFFICE 126,17 NOVEMBE* 8 NCw YORK OfFiCE 35b,78 CS 311~ 211.08 NOVEMBER 1(; NCW YORK OFFICE - 27,00 D[CI:MIII:R 3 NEW YORK OffiCE 35b'(~ ~" 3)479 ~(;7.77 DECEMBER 6 NCV YORK Orrlc¢ 35518 C$ ~)~ 21,5(; DI-~CrNOCR 3 NEw YORK Orrlc¢ 35~75 "C~ 3h81 211,~ O£CEMSER 20 NCw YORK 0rr ICE - 50,OO OECE(.IER 27 NEW YORK OF'VICE - 18.0}4 DCCtI4OER 27 Nrv YO~K Orrlc[ 2cJ,~9 D£CENIDtR 28 Nov YORK Orr IC[ 20,.~0 OCEENBER 31 NEw YORK Office ~,00 DECEMBER 31 NEt,' YORK Orr ICr 9,50 OrCEM~SER 31 NE~t YORK OF'FIC[ p~*_c~ posT, C~A~= NovEMe'ER 9 K(NTUCKY BRANCH 8 ~.~ NOVEMII[R .13 DURHAM BRANCH 1 (; 7.22 NOVEMBER 15 DURHAM BRANCH 17 12.~ NOVENI~ER 1 9 PH |LAOELIbH |A BRANCH 1 ~,~)4 NOVEMBER I~ SCRANTON BRANCH 5 ~'~ NOVEMBER 27 CNARLESION BRANCH 8 ~.9~ NOVC~ER 31 CHARLtSTOR BRANCH 9 ~.63 DECEMBER 19 CNARLE=TON BRANCH 10 3,~2 DECEMBER I 9 CNARLEITON BRANCH 1 06 5,OO O[CENIBER 7 DURHAN BRANCH 18 1~,5~ DECtMI[R 11 Nrv YORK OrVlC¢ 1~ 83.89 DEEEMeER 17 Nrw YORK Orrlcc 15 TO.5(; DECENItR (; SCRANTON BRANCH (; ~.(;~ O£CENIIER 19 SCRANTON BRANCH 7 ~.3~ OtCEN~CR 19 VIRCIINIA BRANCH 1679 I_~ TOTAL
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21A57- INSURANCE CLAW, S - ACCUI4ULATED COSTS OECEHBER ~1, 1951 THE DEBIT BALANCE Or THIS ACCOUNT REPRESENTS THE NET BOOK VALUE OF ASSETS LOST PLUS RECOVERABLE EXPENSES ~HICH ARE COVERED BY INSURANCE AND FOR ~ICH A CLAIM WILL B( F|LE~ WITH THE INSURANCE COMPAK¥ ~IEN ALL COSTS AHD EXPENSES H~VE BEEN ACCUMULATED ON THE BOOKS. THIS ACCOUNT RECORDS; 1 - DEBITS FOR: A- VOUCHERS RECORDED IN VOUCHER REGISTER COVERING ACCUMULATEO COSTS ON INSURANCE CLAIMS TO BE rILED, ~" CREDITS TO MIBCELLANEOUS ASSE1 ACCOUNTS FOR THE NET BOOK VALUE Or ASSETS LOSTe C- CREDITS TO VARIOUS ACCOUNTS FOR SUNDRY EXPENSES, 2 - CREDITS fOR DEBITS TO ACCOUNT NO, n~lA55- INSURANCE CO4dPARY CLAIMS~ TO TRAHSF(~ THE ACCUMULATED COSTS AT THE TIHE THAT CLAIM IS FILED, THERE WAS NO BALAHCE IN THIS ACCOUNT AT D(CEI4BER ~1 • 1~1e "Jd f~'l" HO 10255462
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21A60- MISCELLANEOUS CLAIH5 DECEMBER 31, 1951 HE DEBIT BALANCE OF THIS ACCOUNY REPRESENTS ALL CLAIH$ REASONABLY CERYAI~ Or COLLECTION VITHIN ONE YEAR OF DATE BET UPp EXCEPT ¢LAINS AGAINST RAILROADSp INSURANCE COMPANIES AND OTHERS FOR WHICH SPECIAL ACCOUNTS ARE PROVIDED* |N JANUARY 19~1 CLAIN$ DOUBTFUL Or COLLECTION |N THIS ACCOUNT WERE TRANSFERRED TO AccOUNT No, ~21A98- CLAIH$ DOUBTFUL OF COLLECTIONw¢ VITH OFF&ET IN ACCOUNT NO. "21A99" OFFSET TO CLAIN$ DOUBTFUL OF COLL[CTIDN*¢ THIS ACCOUNT RECORDS: 1 * DEBITS FOR CLAIHS RECIIVABL¢ VlTHIH ONE YEAR WHICH ARE NOT PROPER ¢HARG[$ TO OTHER R[GULAR CLAIM ACCOUNTI* 2 * CR[DIT$ FOR: A- RECEIPTS Or CASH IN SETTLtNENT OF CLAIHS, B" R[OUCT|ON OF ¢LAIN$ FOR AqOUNT$ WRITTEN OFF AS UNCOLLECTIBLE OR TRANSFKRRED TO ACCOUNT No, e21A98* CLAIHS DOUBTFUL OF COLLECTION.~ THE D[BIT BALANCE AT DE¢£MBER 31, 1951 Is CO~LPOSED OF THE FOLLOVING: OAT£ Or HAT NOVtblBEA ~XPLANATIOH SUNDRY G[NBRAL CLAIH$ REFUND FOR EXC[IS DUTY PAID ON HAVANA TOBACCO RERUN(> FOR EXCESS DUTY PAID ON INPORTED CIGARETTES AND SNIOKING TOBACCO DEBIT ~ALANCE DECEt4B[R 31, 1951 ~MgU~rT s[T UP 75 FI l" )"~01 02554-63
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2"1A~2- PROVISION FOR MISCELLANEOUS CLAIMS ~CC~R 31, 19'51 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTED AN OFFSET TO CERTAIN MISCELLANEOUS CLAIMS AND STATE TAX STAMP CLAIMS CONSIBEREO DOUBTFUL Of COLLECTION, THESE CLAIMS WERE RECORDED iN ACCOUNT NO. A21A~- MtICCLLANEOUS CLAIMS,m THIS ACCOUNT WAS DISCONTINUES IN JANUARY 1~1, AND THE CREDIT BALANC£ WAS TRANSFERRED TO ACCOUNT NB, "21A~.- OffSET TB CLAIMS DOUBTFUL BF COLLECT|ON,m THIS ACCOUNT RECORDED: 1 - CREDITS FOR DEBITS TO ACCOUNT NO. :21A~0- MISCELLANEOUS CLAIMS" TO PROVIDE FOR MISCELLANEOUS AND STATE TAX STANF CLAIMS WHICH ARE CONSIBEREB BOUIBTFUL OF COLLECTION. 2 - OEBITS FORI A- REBUCTION OF PROVISION FOR AMOUNT ¢OLLECTEO ON CLAIMS PROVIDED FOR FFER[IN WITH AN OFFSETTING CREDIT TO A SPECIFIC EXPENSE ACCOUNT OR TO AN AFFILIATEB COMPANY. B- ELIMINATIONS COVERING CLAIMS FOUND VNCOLLECTIBLE OR B|$ALLOV[D WI1H AN OffSETTING CREDIT TO ACCOUNT NO, "21A~0- MISCELLANEOUS CLAIMS.n C" CREDIT |N JANUARY, 1951o TO ACCOUNT NO. "21A99- OFFSET TO CLAIMS OOUI~TFUL Or COLLECTIONm TO CLOSE OUT THIS ACCOUNT. A SUt~tARY ANALY$ iS OF TRANSACTIONS FOR THE TEAR 1~1 FOLLO~S: CREDIT IALANCE JANUARY 1 • 1951 LESS| TRANSFERRED TO ACCOUNT NO. =21A99- OFFSET TO CLAIMS DOUBTFUL OF COLLECTION~ lo,9oo,5~ ...,-,-,-,-,-,-,-~= '1'6 RI'~O 1 025_%464
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.21A?0- F~DERAL TAX CLAIMS DECEMBER 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUHT OF UNCOLLECTED CLAIMS FILEE WITH THE UNITED STATES BUREAU OF iNTERNAL REVENUE COVERING REFUNDS OF FEDERAL iN¢Ot4[, FEDERAL EXCESS PROFITS, FEDERAL UNEMPLOYMENT INSURANCE AND FEDERAL OLD AGE BENEFIT TAXES. THIS ACCOUNT IS OFFSET BY ACCOUNT NO. w21A~- PROVISION FOF FEDERAL TAX CLAIHS°" £XCERT FOR THOSE ITEMS ~ICH ARE CERTAIN OF PAYMENT. ~H|$ ACCOUNT RECORDS1 1 - DEBITS FOR: A* AMOUR1 OF CLAIMS COVERING FEDERAL INC~4E AND FEDERAL EXCESS RROFIT TAXES FILED WITH THE UNITED STATES BUREAU Dr INTERNAL REVENUE SY OUR TAX DEPART- M£NT WITH CREDIT OFFSET TO ACCOUNT NO. "21A7~° PROVISION FOR FEDERAL TAX CLAIMS°~ B- AMOUNTS OF CLAIMS COVERING FEDERAL UNEMPLOYMENT INSURANCE AND FEDERAL OLD AGE BENEFIT TAXES FILED WiTH THE UNITED STATES BUREAU OF INTERNAL REVENUE BY OUR PAY ROLL DCRARTNENT WITH OFFSETTING CREDITS TO THE APPROPRIATE ACCOUNTS. 2 - CREDITS FOR: A° REFUNDS RECEIVED FRO~ THE UNITED STATES ~URE~U OF |NTERNAL REVENUE. B° REDUCTIONSI APPROVED mY OUR TAX OR PAY ROLL DERARTMENTSp OF BLAINS OH FINAL DISALLOWANCE BY THE UNITED STATES BUREAU OF |NT£RNAL REVENUE WITH DEDIT OFFSET TO ACCOUN~ NO. "21A72- PROVISION FOR FEDERAL TAX CLAIHS.m THE DEBIT BALANCE AT DECEMDER ~1 , 1951 IS CO¢~POSED OF THE FOLLOWING*" YEAR Or 1941 1961 DATE FILED TYPE OF CLAIM CLAIM FILED ON BEHALF Or: AMOUNT OF CLAIM D[DEW.8[R 1949 FEDERAL INCOME TA* THE AMERICAN TOBACCO C¢~RAN~ * 113,183.79 DECEMB[~ 19~~ EXCESS PROFITS TAX THE AMCRICA~ TORACCO COMPANY @ ~0,~0.76 [[SRUARY 1~O FEDERAL INCOH[ TAX THE AMERICA~ TOBACCO COMPAN~ @ • ITEMS orrsET IN ACCOUNT NO. "21A72" PROVISION FOR FEDERAL TAX CLAIMSI' FI 1" ~0 "I 02-~. 5,$I~ 5
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21A72- PROVlSIOt,~ ro~ FEDERAL TAX CLAIMS DECEMBER ~1, 1951 THE CREDIT BALANCE or THIS ACCOUNT REPRESENTS AN OFFSET TO ACCOUNT NO. "21A70" FEDERAL TAX CLAIHSm~ EXCEmT FOR THOSE AMOUNTS WHICH ARE CERTAIN Or PAYMENTo THIS ACCOUNT RECORDS= 1 - CREDITS FOR AMOUNT OF C~RTAIN CLAIMS COVERING REFUNDS Or FCDERAL INC(~4E~ FEDERAL EXCESS PROFITS AND FAY ROLL TAXES rILED WITH THE UNITED STATES BUREAU Or INTERNAL REVENUE AS SET UP IN ACCOUNT NO. "~1A70- FEDERAL TAX CLAIMS." 2 - DEBITS FOR= A-- CREDITS TO APPROPRIATE INCOME ACCOUNTS FOR THE EXACT AMOUNTS REFUNDED OR CREOITCO BY THE UNITED STATES BUREAU OF |NTCRHAL REVENUE AND CREDITED TO ACcounT No. "21A70- FEDERAL TAX CLAIMS." 6- CREDITS TO ACCOUNT NO. m21ATO- FEDERAL TAX CLAIMS,m COVERING REDUCTIONS Or CLAIMS~ WHICH R[DUCTION$ ARE APPROVED BY OUI~ lAX OR PAY ROLL DCPARTMCNTSp ON FINAL DISALLOWANCE BY THE UNITED STATES ~JR¢AU Or INTERNAL REVENUEI C" CRCOITS TO ACCOUNT NO. ~752- TAXES TO BE DISTRIBUTEDm FOR AMOUNTS ACCEPTED BY THE COt4PAH¥ AS TM~ PROPOSED OVEHASSESSMENT FOR FEDERAL INCOME TAXESl THE CREOI~ BALAHCE A~ DCCEMB[A 31. 1951 IS CONmOSED OIr THE rOLLO~'IHG: ~£OERAL INCOME TAX CLAIHS F[DERAL [XDCSS PROFITS TAX CLAIMS ~17,285.~6 0255466
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21A80- INTERNAL REVENUE STAMP CLAIMS OECEM~R 31, 1951 THt DEBIT BALANCE OF TN I$ ACCOUNT REPRESENTS THE AMOUNT OF UNCOLLECTrO CLAIHS FILED WITH THE U* S* GOVrRNH£NT FOR MUT|LAT[O ON RETURN[O REVENUE STAHla~ AND REVENUE STAMPS ON RCTURN[O GOODS. MUTILATrD 8TAMI~ WCR[ DCSTROYrO IN THE PRESrNC[ OF A DrPUTY COLLECTOR OF INTERNAL REVENUE. THIS ACCOUNT RECORDS: - DtEBITS FOR CHARGES FROM BRANCHrS COVrRING U. S. GOVlERNHENT RrVrNU[ STAMP CLAIH5 FILED BY THEM. - CREDITS fOR: A- CASH RECEIVED IN PAYMENT OF U. S. GOVERNMENT REVENUE STAMP CLAIMS° B-- DEBITS TO ACCOUNT NOS. ~0.1- SALVAGE AND ERID£NS£ ° R£TURHrO aOOOS - CIGARETTES m RHOKING, £TC.u AND m650.2- SALVAGE AND rXPtENSr - RETURNED GOODS - CIGARS~ FOR TH£ VALUE OF CLAII4$ REJECTED BY THE U° ~. GOVERNMENT. "[HE DIEBIT BALANCE AT DECEMBER 31, 1~1 IS COHpO6rD OF TH£ FOLLO~/ING: DATE OF CLAIM CLAIM 1~9~1 FIL[O BT NUHBE____.~n AMOUNT OCTOBER CNARLtSTO~ BRANCH B ~16 122.85 NOVEMBER CHARL£STO~ BRANCH B 418 178.70 Nov£0,mrR CHARCrSTO~ BRANCH B 419 132.75 DEC£HIBER CHARL£eTON BRANCN s k2o 79.60 DrC£~£R CHARL[ITOH B~ANCN B 421 101 .~ OCTOOCR ~,JRHAM BRANCH S 889 ~,OO0.O0 NOVEMBER DURHAM BRANCH S 8~ ~eO00.O0 NOV£HeER DURHAM BRANCH $ ~34 3,133.B5 NOV£NB£R DURHAM BRANCH S ~5 8~°45 NOVEMBER DURHAM BRANCH S ~6 111.21 NOV[HBER DURHAM ~ANCN 8~3 (MUTILATED) 6,5~.80 NOVEMBER DURHAM ~ANC. ~ (NUTILATEO) 365o51 DECEMBER DU~HAH B~NCN $ 897 5,78776 Dcc£.BER DURHAM I~ANCN S 898 972.(~ IXc£~£~ D~HAH I~ANCN S 899 8~817 DECEMBER DURHAM BRANCH S 900 ~1.20 D£C£NB£R DURHAM BRANCH S 901 27.20 DECEHBrR DURHAM I~ANCH 842 (MUT.CATrO) 5,263.76 DECEMBER DURHAM BP.ANCH 8~ (MUTILATED) 162.99 NOV£HBrR LOUISVILLE ~RANCH 730 91T.52 NOVtNBER LOUISVlLL£ BRANCH 731 39.12 NOV£MBER LOUISV=LLC BRANCH 7~ 8,O78.~o DECEMBER LOUISVILLE BRANCH 733 6,TT6~ AUC~JST NIL~ YORK OFFICE 3 286"30 AUGUST N~ Y~K Orrlc£ ~ ~.~2 AUGUST N~YORK Orric£ ~ 7~.~3 AUGUST NL'~ YO~K OrrlcE 6 23.80 AUGUST NEt/ YORK OFFICE ~ 52.50 (CO~T ~M~e) ~9 RI'~O I 02 ~__%4-6 ?
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21A80- INTERNAL REVENUE STAMP CLAINIS DECENER 31, 1951 PAGE 2 DATE OF CLA IN OCTOBER OC Toi~r.R NOVrNBER NOVEMBER NovrNsrR NOVENB£R NOVENBER NOVENBER OECEHBER D£Ci:NBER OCTOBER NOVCNB£R NOVENB£R NOVENBER OECENBER DECENBrR DrCEIdB£R CLA I~ FILEC BY N UNI~ £~R AHOUNT NL'W YORK Orrlcr 9 20~;.89 NEW YORK OF'rICE 10 97.65 NEW YORK OFFICE 11 221 .20 NEW YORK OFFICE 12 1"{3,50~.b,2 NEW YORK OFFICE 12 29.25 PN I LAOELPtH IA BRANCH 85 15.0CI PH ILADELRH IA BRANCH ~ 5,00 Rr. IOeV ILL~ BRANCH 370 13,612.00 RE |Dsv ILL[ BRANCH 371 9,128"O0 SCRANTON BRANCH 17 4,945.T5 VIRGINIA BRANCH ~9~ 371"55 VIRGINIA BRANCH RG 499 50.55 VIRGINIA BRANCH ~95 4, .r.~9 • 34 V |RG IN I A BRANCH 311 1 O, 518.211 VIRGINIA BRANCH 312 8,0~.00 VIRGINIA BRANCH 496 189.36 VIRGINIA BRANCH RG 500 46.0~) TOTAL 80 f~ll" :~0 1 02554-68
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21A~0- DUTY DRAWBACK CLAIHS DCCCV~ER 31, 195~ ~'H¢ DEBIT BALANCE or THIS ACCOUNT REPRESENTS THE GROSS AMOUNT OF UNCOLLECTED CLAIMS FILED WITP THE UNITED STATES GOVERNMENT BY COMSTOCK ~ TMEAKSTON, INC.. OUR CUSTOM-e- BROKERS~ COVERING DRAWBACK Or DUTY ON IMPORTED TO6ACCO CONTAINED IN EXPORT SHIPMEKTS. 'THE PORTION Or THESE CLAIMS PAYABLE UPON COLLECTION TO COMSTOCK AND THrAKSTON INC. FOR BROKERS! COMK~41SSION AND TO ARMY AND AIR FORCE EXCHANGE SERVICE OR TO AMERICAN CIGARETTE AND CIGAR COMPANY FOR THE ACCOUNT OF ARt,4Y AND AIR FORCE FXCHANG¢ SERVICE IS OFFSET BY ACCOUNT NO. "21A9~- DUTY ORA1dSACK AND COMMISSION THEREON PAYABLE TO OTHERS," THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- THE FULL AMOUNT Or THE DUTY DRA~ISACK CLAIMS EXCLUSIVE OF COMMISSION FILED WITH THE UNITED STATES GOVERNMENT BY COMSTOCK ~ THEAKSTON INC. THE AMOUNT IS lET UP IN THIS ACCOUNT BASED ON THE CUSTOMS ENTRIES RECEIVED FRO@4 OUR BROKERS, ACCOUNT NO, a21Ag~- DUTY DRAVGACK 70 BE CLAIMED,~ IS CREO|TEO W ITN AMOUNTS ORIGINALLY SET UP IN THAT ACCOUNT* B" ~ONTHLY CREDITS TO ACCOUNT NO. ~21A~" DUTY DRAWBACK AND COMMISSION THEREON PAYABLE TO OTHERSM COVERING CUSTOMS BROKERAGE COMMISSION PAYASL[ ON ALL ¢LAINSp TO COMSTOCK & THEAKSTON INC. UPON COLLECTION. 2 " CREDITS FOR: A- REMITTANCES RECEIVED rRON COMSTOCK k `TNEAKSTON INC.. COVERING NET /U, IOIJNTS Or ¢OLL[CTIONS ON CLAIMS FILED BY THEM WITH THE UNITED STATES GOVERNMENT. B" CHARGES TO ACCOUNT NO. "21A~" DUTY ORAVBAC K AND ¢Ot4HISSION THEREON PAYASLE TO OTHERSM FOR THE DISALLOWED PORTION OF CLAIM5 PAYABLE FOR THE ACCOUNT OF ARMY AND AIR FORCE EXCHANGE SERVICE AND ALSO UNEARNED CUSTOMS BROKERS CO(q- MISSION ON ALL DISALLOW/CO CLAIMS. C* `TRANSFERS MONTHLY TO ACCOUNT NO. "27A10- F INISHEO GOODS" or THE TOTAL AMOUNT OF DISALLOVED PORTION OF THE AMERICAN TOBACCO COMPAN~ CLAIMS. Do D¢BIT$ TO ACCOUNT NO. 21A94 rO~ AMOUNTS OF BROKERAGE COMMISSION [ARNED AP- PLICABLE TO CLAIMS FILEO BY COi4STOCK ~ `THEAKSTON |NC. `THE orBIT BALANCE AT DECEMBER 31, 19~1 IS COMPOSE:O OF ~4£ rOLLO~tlNGI (CONTIMUED) 81 025_%469
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2,1A~0- DUTY DRAWBACK CLAIMS DECEMBER 31 , 195~ DAT,.~¢ JULY AUOUST S(PT(NBER OCTOOER NOVENB£~ DECtW~£R O¢~roer R CLA IN NO 77~9o 172 17o lo~51 1 o7"/6 1281(; 1~87 211;~ 21~128 86o76 2o0o9 2~,129 289~3 2B~7 ~556o 32855 CLAIM NO 9h03 9h68 1 o375 ~o883 2~ 083 21 ~29 3020~ 26793 30357 ~6781 26"/82 3o199 3~523 3256~ 32583 PAGE 2 GROSS AMOUNT OF CLAIMS AMOUNT OF COMMIS31ON PAYABLE TO PAYASLE TO CO$4$TOCK THE AMERICAN TMEAKSTON INC ~O~ACCO CO4'4PANY 369.28 ?z .55 h7.35 5.8~ 25?.h8 67.38 i;~ .78 7.55 13~.~5 21 .O6 1;2.12 128.3~ 15.9B _ 85.22 .L.~B2.96. 36.93 33~.35 7.~5 6~.ho ~.73 ~2.6~ ~.h8 ~o.~8 .~ 5.~o zS.?~ ~3~.7~ ~.2o 37.8~ 6.7~ 6o.6~ ~.;78 38.5o • 75 6.80 ~3.~ i;?o.8~ ~.~i 18.95 ~.;?;? 37.90 ~;?.8~ ~15.5o ~.61 I~.37 8,5~ ~ ~ ~ 7~7o 1 :~8~ ;79 1,2h~ .67 ~I4OUNT Or COWIM|SSlON PAYABLE ~O C OMSTOCK _ & TMEAKSTON! |N¢, NET ~J'IOUNT PAYABLE TO Am4Y AND AIR FORCE [XCHkNG[ SERVICE 16,639.92 2,576.7~ 20.80 62.39 ~89.59 lh ,855.69 ;?~6.;78 ~89.6~ 3,79~ .?~ 1,685.~;? ;? ,6B3.;?~ 55.99 ;?37 ,~ _57 ,613.1"/ --1 ,6~.0~ lh,975.9~ 257.67 ;?,319.ob ;?.o~ ~8.7;? 6.;?~ 56.15 ~8.96 }?o.63 ~,~85.56 13,37o.~3 I,~;71.89 12,796.98 2~.6~ 19~.66 18.9~ ~7o.66 379.;?0 3,~12.5~ 166.55 1,5~6.87 ;76B.31 ;?,h1~.Oo 5.61 50.38 ~8.96 ~7o.63 Z~.?~ _ m%61 5.761.~8 _ 51.851.79 0255~?0
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2'tAgO- OUT't DRA~,~ACK CLAIHS DECEHBER 31, 1951 DAV...~ CLAIM No 3833 1 6~8 2088~ 2O886 525)~9 2~25 2970¢ 1876 3252~ D[BIT BALANCE D¢CCleB£R 31, 1951 NET AMOUNT PAYABLE TO AMERICA~ CIGARETTE AND CIGAR CO~4PAN~" ~MOUNT OF COMMIB$10~ FOR TH~ ACCOUNT Or Gmos5 AMOUNT PAYABLE TO COW, STOCK ARHY AND AIR FORCE Or CLAIH5 ~ 7HEAK~ EXCHANGE SERVICE z,gh6.oz ~9~.6o z,65~.~; 2~.o5 2.1~ 18.9~ 2~.8o 2.~8 22.32 6~o.2~ 6~.o3 576.25 215.38 21.5~ 193.8~ 191.37 ~9.15 172.2~ ~3.35 ~.33 39.o2 3,33~.88 333.h9 3,ooI .39 I ,~68.1 ~ ~h6.8~ ~ ,3~1.3~ 31.5~ 3.16 2S.38 6%90 ... 6,~9 _ _ 57.5~ 83 f=ll'H01 02554-71
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21A92o OOTY DRA~CK TO SE CLA IHE0 D~C£MSCR 31, 1951 THE DEBIT DALAHCE or THIS ACCOUNT REPRESENTS THE NET AMOUNT AFTER DEDUCTION FOR ANTIC|RATED CO#4t4|SEION OF COMSTOCX ~ ~N£AKSTOND |N¢.. OUR CUSTOMS BROKERS. OF DUTY CRAb, BACK ON IMPORTED TOBACCO CONTAINED IN EXPORT SHIPMENTS or CIGARETTES AND THE GROSS AMOUNT OF DUTY DRAWBACK ON 8TENS AND WASTE PRODUCED FROM IMPORTED CIGAR TO6ACCO FOR WHICH BRANCHES HAVE CHARGEC THE NEW YORK Orrlccp BUT FOR WNICM CLAIMS HAVE MOT YET BEEH FILED BY CO~ISTOCR & TMEAKSTONj INCo FOR THE FORMER AND fOR WHICH CLAIMS ARE UNDER PROTEST fOR THE LATTCRo THIS ACCOUNT I$ PARTIALLY OFFSET BY THE CREDIT BALANCE OF ACCOUNT NO. "2|A93- OffSET TO DUTY ORAVBACK TO BE CLAIMED" AND BY THE PART Or THE CREDIT DALANC[ IN ACCOUNT NO. 121A9~- DUTY DRAWBACK AND COtfHISSION THEREOk PAYABLE TO OTHERS" APPLICABLE TO DRAWI~ACX TO BE CLAIMED ON ARtqY AND AIR FORCE EXCHANGE SERVICE BN|RMENTSI ~Nl$ ACCOUNT RCCORD$: 1 - DEBITS fOR: A° MONTHLY CREDITS TO ACCOUNT NO. u27A]O- FINISHED GOODS" COVERING NET AMOUNT~ AFTER DEDUCTION OF ANTIC IRATCD CO#~kIISSION OF CO#4$TOCK & TNCAKSTONI |NC.~ OF DUTY DRAVBACK ON IMPORTED TOBACCO CONTAINED IN EXPORT BHIPNENTS OF DRANOS OTHER THAN PALL HALL TO CUSTOMERS OTHER THAN ARMY AND AIR FORCE EXCHANGE SCRV|CEe AIdOUNT OF DUTY DRAWI~CK IS REPORTED NEE BY DURHAM AND REIDSVILLE BRANCNEG ON STATEMENTS ATTACHED TO F.F. 257 mCosT Or DOMESTIC AND EXPORT MANUFACTURED~ B" MONTHLY CREDITS TO ACCOUNT NO° ~0~50- AMERICAN CIGARETTE AND CIGAR COMPANY~ COVERING THE NET AMOUNT DF DUTY DRAWBACK ON IMPORTED TOBACCO CONTAINED IN [XRORT BH|Pt4ENT$ OF PALL HALL CIGARETTES OTHER THAN TO ARHY AND AIR FORCE EXCHANGE SERVICE AS REPORTED BY DURHAM BRANCNo C- MONTHLY CREDITS TO ACCOUNT ~o, "21A~- DUTY DRAWBACK AND COMN|$SlON THEREON PAYABLE TO OTHERS~ COVERING THE ~$TIMATEO MET AMOUNT OF DUTY DRAt~BAEK WHICH WILL BE PAYABLE UPON COLLECTION TO ARMY AND AIR FORCE EXCHANGE SERVICE OR TO AMERICAN CIGARETTE AND CIGAR CO~RANY FOR ACCOUNT Or ARHY AND AIR FORCE EX- CHANGE SCRVIC£, D- MONTHLY CHARGES FROM LOUISVILLE AND PH|LAOELPH|A BRANCHES COVERING GROSS AMOUNT OF DUTY DRAWBACK ON BT¢M$ AND WASTE PRODUCED fROt4 IMPORTED CIGAR TOBACCO IN OUR CLASS ~ CUSTOMS BONDED CIGAR MANUFACTURING WAREHOUSES AT LOUIBVILLEp KENTUCKY AND i~ILADELPNIAp PENNSYLVANIAe 2 - CREDITS FOR: A- MONTHLY CHARGES TO ACCOUNT NO, "21A~0- DUTY DRAWlSAC K CLAIMS" COVERING THE AMOUNT OF CLAIMS rILED BY COMSTOCK ~ THEAKSTONp |HE. THE GROSS AMOUNT Or CLAIM I$ CHARGED TO ACCOUNT NO, 21A90 AND THE COMHIG$1ON THEREON 18 CREDITCD TO ACCOUNT NO. "21A9~- DUTY DRAWBACK AND COI4NISSION THEREON PAYABLE TO OTHERSe~ THESE CLAIH$ ARE CHECKED AGAINST fORMS ~ M,P, SUBMITTED BY DURHAM AN~ RCIDSVILLE AND VIRGINIA ~RANCNES. THE DEBIT BALANCE Of TH|$ ACCOUNT AT DECEMBER ~1. 1~51 18 COMPOSED Or THE FOLLO~/|NG: (CONTINUED) 0 2 5~,-1- ,-" 2
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21A92- DUTY DRAWBXCK TO BE CLAIM~C, DECEMER 31, 1951 2 - CHARGES FRO~t LOUISVILLE AND PHILADELPHIA BRANCHES FOR DUTY ORAt~BACK ON STEMS AND WASTE, THE CLAIM FO~ WHICH HAS BEEN DENIED BY THE CUSTOMS AUTHORITIES AND PROTESTED BY THE COMPANY. (THIS ACCOUNT IS OFFSET IN TOTAL BY CREDIT BALANCE IN ACCOUNT NO,' "21A93- OFFSET To DUTY DRAWDACF TO BE CLAIMED") 1- LOUISVILLE BRANCH 2- PHILAOELI~41A BRANCH TOTAL 2,3~5.10 8~.77~.6~ 157.201.69 0255~;~3
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21A9~- OF'FSET TO DUTY DRAWBACK TO BE CLAIMED DECEHBER ~1, 1~'~1 ~H[ CRCDIT BALANCC or THIS ACCOUNT OFFSETS THC PORTION or OCBIT BALANCE IM ACCOUNT NO, m~IAg~- DUTY DRAMI~ACK TO BC CLA|MCDm APPLICABLE TO DUTY DRAWBACK ON STEMS AND WAST~ PRODUCCD FROM IMPORTED CIGAR TOOA¢¢O IN OUR CLASS 6 CUSTOMS iONDED CIGAR MANUFACTURING VAR[HOU$[S AT LOUISVILLEp KENTUCKYw AND PH|LAD[LMHIA~ ~A* THE AMOUNT IN THE LATT[R ACCOUNT RCPRCS[NTS THE ACCUMULATION OF SUCH DUTY ORA~DACK rROM OCTOBCR ~9~6 fROM WHICH TIME CUSTOMS AUTHORITIES DISCONTINUED TO ALLOY ORAWSACK Ok PRODL~TIOH OF STEMS AND WASTE, THIS ACCOUNT R[COflDS: - CREDITS FOR MONTHLY CREDITS FROM LOUISVILLE AND F~41LADELPHIA BRANCHES OFFSETTING CHARGES |H THC SAM[ AMOUNTS FOR DUTY DRA~ACK ON STEMS AND WASTCS PIItOOUCED DURING THE MON314. THE ¢RrDIT DALAN¢r AY Drcct4BI~R 31, 131 IS COI4POS[D Or THE (rOLLOWINOI le CREDITS FRONLOUISVILLE BRANCH ~, CREDITS FROM PHILADELPHIA ~RANCH 8G RT~O'I 0255474
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~'IA~- DUTY DRAWBACK AND COI4<ISSION THEREON PAYABLE TO OTHERS ~CEWER 31, 1951 THE CREDIT BALANCE or THIS ACCOUNT IS PARTLY AN OFFSET TO UNCOLLECTED CLAIMS riLED OR TO BE FILED FOR THE ACCOUNT OF OTHERS WITH THE UNITED STATES GOVCHNMCNT BY CO~(STOCN & ~HEAKSTON, INC., OUR CUSTOMS BROKERS, AND PARTLY CUSTOMS BROKERAGE C Ot4MI$SION PAYABLe ON ALL CLAIMS TO COMSTOCK & TNCAKSTON, |Me, UPON COLLECTION, THESE ITEMS PARTIALLY OFFSET ACCOUNT NO, n21A~K)* DUTY DRAWBACK CLAIMS" AND ACCOUNT NO. "21A92- DUTY DRAWBACK TO BE CLAIMED," THIS ACCOUNT RECORDS: " CREDITS fOR: A- AMOUNTS INCLUDED iN MONTHLY DEBITS TO ACCOUNT NO. "21A~O- DUTY ORAWDACK CLAIMSn FOR THE AMOUNT OF BROKERAGE COMMISSION PAYABLE TO COMSTOCK ~ TNEAKSTONe INto UPON COLLECTION OF ALL CLAIMS. B- AMOUNTS INCLUDED IN MONTHLY DEBITS TO ACCOUNT NO. "21A92" DUTY DRA~ACK TO BE CLAIMEDn FOR THE ESTIMATED NET AMOUNT OF DUTY DRAWBACK WHICH WILL BE PAYABLe UPON COLLECTION TO ARMY AND AIR FORCE EXCHANGE SERVICE OR TO AMERICAN CIGARETTE AND CIGAR COMPANY FOR ACCOUNT OF ARMY AND AIR FORCE [XCMANG[ SERVICE. 2 - DEBITS FOR: A* CREDITS TO ACCOUNT NO. 21A~O FOR AMOUNTS Or BROKERAGE COMMISSION EARNED APPLICABLE TO CLAIMS FILED BY CO#4STOCK ~ TMEAKSTON, |NC. CHECKS RCCEIVCD IN SETTLeMeNT OF SUCH CLAIMS ARE FOR THE NET AMOUNTS. B* CREDITS TO ACCOUNT No, 21A90 FOR THE DISALLOWED PORTION OF CLAIMS PAYABLE TO OTHERS AND ALSO UNEARNED BROKCRI$ COMMISSION ON ALL DISALLO~CO CLAIMS. THE CREDIT GALANC[ AT DECEMGER 31 , 1951 IS DOMPOSED OF THE IroLLOWINO¢ COiANISSION PAYABLE TO COMSTOCK ~ TNEAKSTON, JNC, UPON ¢OLLCCTION OF CLAIMS RECORDED IN ACCOUNT NO. "21A~O- DuTY DRA',mACN CLA INS," DUTY DRAWBACK TO BE CLAIMED PAYABLE UPON COLLECTION TO AMERICAN CIGARETTE AND CIGAR COMPANY FOR ACCOUNT OT ARMY AND AIR FORCE EXCHANGE SERvIce PER DETAILS INCLUDED IN ANALYSIS Or ACCOUNT NO. "21A92- DUTY OHAVBACN TO BE CLAIMED." DUTY ORAVBA¢~ TO BE CLAIMED PAYABLE UPON COLLECTION TO ARM~" AND AIR FORCE EXCHANGE SERVICE PER DETAILS INCLUDED |k ANALYSIS Of ACCOUNT NO. "21A~2" DUTY ORA1~BACK TO BE CLAIMED,tl DUTY DRANI)ACR ON CLAIMS FILED PAYABLE UPON COLLECTION TO ARMY AND AIR FORCE EXCHANGE SERVICE PER DETAILS IN ANALYSIS or ACCOUNT NO. "21A90- DUTY DRA~/BACK EL& INS,~ 6,797.76 23,275.h5 ~7,396.5o 02554.75
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21A98- CLAIHS DOUBTFUL OF COLLECTION DECEMBER 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AHOUNT or CLAINS FILED AGAINST TRANSPORTATION COMPANIESI INSURANCE COMPANIES AND OTHERSj INCLUDIhG INTERNAL REVENUE AND STATE STAMP CLAIMS ~dHICH ARE: 1, UNCERTAIn OF COLLECTION 2, NOT EXPECTED TO BE COLLECTEO WITHI~ ONE YEAR OF THE OATE SET UP, 3" PAYABLE TO OTHERS UPON COLLECTION THESE ¢LAINS ARE FULLY OFFSET IN ACCOUNT NO. B21A99- OFFSET TO CLAIMS DOUBTFUL OF COLL[CTION.~ THIS ACCOUNT R£¢ORDS: 1 - DEBITS FOR: A- CREOIY TO ACCOUNT NO, W21A60" HISC[LLANEOUS CLAIHS¢ I~ JANUARY 19~1 TO TRANSFER CLAIHS DOUBTFUL OF COLLECTION TO THIS ACCOUNT. 2 - CR£OITS FOR: A* RECEIPTS Or CASH IN SETTLEMENT OF CLAIMS* B" REDUCTION or CLAIHS FOR AHOUNT$ D IIALLO~/[O OR UNCOLLECTIBLE. (~PFSETTING DEBIT IS T¢ ACCOUNT NO. m21A99- OFFSET TO CLAIMS DOUBTFUL OF COLL[CTIOHS.m THE O[S|T BALANCE AT DECEMBER 31, 19~1 Is COMPOSED OF TH[ FOLLO~tlNG: DATE Or [XPLAN.AT |ON OR ;G I N TRANSPOfITAT ION CLA I~S JULY JAVA-N¢"~ YORK LINE - LOSs Or ~,~DO LUCKY STRIKE ClGAR£TT£S SHIPPI~ TO HR. WILLIAH LIGNTFOOT~ C/O AHERICAN [MBASSY~ DJAKARTA, ANOON£SIA S[Plr[NB£R HOLLIS TRANSPORTATION COI4PANYp HARTSVILLtj ~OUTH CAROLINA - ADJUSTH£NT Or FREIGHT RAT£S OCTOBER ~OUTH£RN PACIFIC LIN£S " ADJUSTN£NT OF EASTWARD CARLOAD RAT£S FOR SHIPN£NT OK RETURNED TOSACCO PROOUCTS NOVENSER HOOR£-t4cCoRMICK LINES, INC. - LOSS Or 30 H LUCKY STRIKE CIr~R£TTES SHIPP[~ TO AMERICA~ [MBASSyp BUENOS AIRESs ARGENTINA AMOUNt 5¢T UP 22.12 T8.33 Io.13 1932 NOVE~£~ NOY£MB[F IHSU~ANCE,Cg~IpANy CLAIMS SOUTHERN ~UR£TY CO(qPANY " HEDICAL £XP[NS£S FOR HR, S* WETH£RHILL CONTINENTAL INSURANC¢ COMPANY - LOSS or 30 H LUCKY STRIKE CI(~NETTES IHIPP£O TO AN£R|CAN ~4BAJIyI ~J£NOS AIR£S, ~RGENTINA CONTIN[I~rAL INSURANCE COHPANY - Loss Ou[ TO DAMAGE Or 1900 EL RoI-TRN CIGARS SHIPPEC TO EXCHANGE Of'FICER~ NAVAL OPERATING BAS£, GUANTORANO ~Y~ CUIA 30.69 IO.L~ 83 .~ (CotrrlNO[O) 88 ~I'M01 0255476
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21A~i- CLAIMS DOI.~F'UL OF" COLLI[CTION DECrHBI~R 31, 19~1 PAG[ 2 |NTERNAL REVENUE STAMP CLA/HS INTRRNAL R¢V£NU£ DEPARTN£ICT - STAMPS AFFIXED TO HER¢I'~.NOIS[ DANAG[D IN KANSAS FLOOD 210.00 19~9 195o AUGUST D£CENBrR OTH£R CLAIHS STA?[ or NlSSOUR| - R£rUND or NlSSOURI USE TAX PAID D[CEHBER 17, 19~ STAT£ OF TEXAS - VALU[ Or 520 ~ ClGARETT[ TAX STAMPS AFFIX[~ TO LUCKY STRIKE ¢IGAR£TT£S DAMAGED AT NORRIS SEV£LL GROC[RY CO~PANYp HOUSTONB T£XAS STATE OF" TEXAS - ¥ALU£ OF 3,350 3~ CIGAR[I'T[ TAX STANPS AFr|X£D TO CIGARETTES DAMAGED IN FIR£ AT TH£ SCHUHMACK£R CO** NCALL[K~ TEXAS STAT[ or TEXAS * VALU£ OF 8,17~ ~ ¢IOAR[TT[ TAX STAMPS AffiXED TO 6,~13 LUCKY STRIKE, 1 ,~2 HERBERT TAREYTON A~,¢~ 1 ,~0 PALL MALL ¢iQAR[TT£8 STAT[ Or HlSSOURI " REFUND Or NISSOURI USE TAX ON SAL[SNENIs AUTONOBIL[ PAIO D£cE~,m¢~ 12, 19~1 DEBIT BALANCE, DECEMBER 31 , 19~1 31 .b'/ 20.80 1 o0..5o 317.19 8,9 f~l'HO 1 02554.??
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21A9~- OFFSET TO CLAIHS DOUBTFUL OF" COLLECTIOI'I DECEH~.R 3~. 1951 ~H[ CREDIT BALANCE OF THIS ACCOUNT REPRESENTS AN OFFSET TO AMOUNTS SET UP IN ACCOUNT NOt "~1A9~" CLAIMS DOUBTFUL OF COLLECTIOn" FOR CLAIMS AGAINST RAILROA[,S, INSURANCE COHPANIES AND OTHERS, INCLUDING |NT£BNAL REVENUE BTANp CLAIN$, THIS ACCOUNT RECORDS: 1 - CREDITS FOR D£B|TS TO ACCOUNT NO, ti21A~- CLAIMS DOUBTFUL or COLLCCTION~ TO PROVIDE FOR TRANSPORTAION, |NBURANCE COMPANYI INTERNAL REV[NUC STAHP AND OTHER HISCELLANEOU5 CLAINS, IN:LUOING STATE TAX STAMP CLAIXS, ~HICN ARE CONSIDERED DOUBTFUL OF COLL[CTION OR ARE PAYABL¢ TO OTNCR$, 2 - DEBITS FOR: A- R[OUCTION Or PROVISION FOR ANOUNT COLLECTED ON CLAIMS PROVID[~ FOR HEREIN WITH AN OFFBETTIN; CREDIT TO THE APPROPRIATE CXPENS[ OR PAYABLE ACCOUNTSe ~- [LIN|NATIONS COV[R|NG CLAIMS FOUND UNCOLLECTIBLE OR DISALLOWED WJTH AN OFFBET11NG CREDIT TO ACCOUNT NO. ~IA9~" CLAIHS DOUBTFUL OF COLLeCT|ON,~ CREDIT BALANCE, DECENBER 31, 1951 (DtXA,LS IN ACCOUNT NO. 21A~8) 90 ~'1"~01 02554?8
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27AIO* FINISHED GOG)S DECEMBER 31, 19~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE INVENTORY VALUE ON NEW YORK OFF|E[ BOOKS OF DOMESTICs EXPORT AND IHPORTED rINISHEC GOODS ON NAND AT AND IN TRANSIT TO BRANCHESp UARENOUSES AND THE NEW YORK Orrl¢£ INCLUDING PALL~LL CIGARETTES O~ HAND AT DURNAN, LOUISVILLE AND VIRGINIA BRANGHES~ AND IN TRANSIT TO WAREHOUSES. A DETAILED ANALYSIS Or TRANSACTIONS IS MAINTAINED O~ N,Y.O. 2 GY THE COST DIVISION or THE GENERAL ACCOUNTING DEPART)CENT, AN AVEGAG[ COST PER THOUSAND OR PER POUND IS CALCULAT£D EACH NINTH FOR EACH GRANDj SIZE AND GROUP BY ADDING THE INVENTORY VALUE AT THE BEGINNING or THE MONTH TO THE COST or MANUFACTURE BILLED TO THiS OFfiCE GY THE BRANCHES DURING THE NINTH AND DIVIDING THE RESULT BY THE TOTAL AmPLICABL¢ QUANTITY, THE AVERAGE COST BO ARR I VEO AT IS USED TO DETERMINE AMOUNTS APPLICABLE TO BH IPPED QUANTITIES AND TO INVENTORY QUANTITIES AT THE END ~r THE NINTH, THIS ACCOUNT R[CORDS: 1 - DEBITS roE| A- CREDITS TO GRANCHCS FOR BILLINGS TO N£~ YORK OFFICE COVERING COST or CIGARETTES, CHOKING, ETC. MANUFACTURED (INCLUDING PALL t4ALL)~CR[DITS TO CIGAR ORANCHES FOR PACKING AND FSNISHING COSTS OF CIGARS PACKED, B" CREDITS TO ACCOST NO. "2TARO- LOOSE CIGARS" FOR THE AVERAGE LOOSE COST OF CIGARS RACKED DURING THE NINTH AS REPORTED BY THE NANUrACTURING BRANCHES 'ON F.F. 31"2. C- CREOITS TO ACCOUNT No. "20LIO- ACCOUNTS PAYABL[" AND TO VIRGINIA BRANCH FOR COSTS AND EXPENSES APPLICABLE TO IMPORTED MERCHANDISE. D" CREDITS TO ACCOUNT NO. m2OL10" ACCOUNTS PAYABLE " FOR COST Or LUCKY STRI~[ CIGARETTES PURCHASED FROM JOBBERS FOR SAMPLING THROUGH BTOCI¢HOI.DCNS, [" SALES VALUE Or PALL MALL CIGARETTES (VlTNOUT NE~ YORK STATE TAX STANPS ATTACHED) PURCHASED FROM AMERICAN CIGARETTE AND CIGAR COMPANY. F- BILLINGS FROM VIRGINIA BRANCH FOR COST AND EXPENSES OF HALF & HAL~r FREE ¢ IGARETT[ COOKS CHIRPED TO CUSTOMERS. G- NET CItCDIT TO ACCOUNT NO. "~1,1- SALVAGE AND EXPENSE - GOODS R[WORI~Dp BESTROYED* ETC.* CIGARETTES~ GMOKINGj ETC.~ FOR COST AOJUSlldEHTS OF PALL VALL GRECIAL WARE- HOUSE RETURNS TRANSFERRED GETWECH PACKINGS. H- BILLINGS FROM CHARLESTON BRANCH FOR COSTS INCURRED IN REPACKING EL ROI-TAN GOLFERS 6/20. 2 * CGEDITS FOR: A- DEBITS TO ACCOUNT NOB, ~6~0.~- COST or BALES * CIGARETTES, SNOKINGe [T¢,~ AND ~610.~- Cost Or SALES - CIGARSn FOR COST O~ GOODS BOLD DURING THE MONTH. B- DEBIT& TO ACCOUNT NO, N~OA~O- AMERICAN CIGARETTE AND CIGAR COMPAN~u FOR THE COST Or PALL(k~ALL CIGARETTES SHIPPED TO CUSTOHERS BY DURHAM, LOUISVILLE AND VIGGINIA~ItANCHCI. AND R[CEIV£D BY WAREHOUSES. C° D[BITS TO BRANCHES FOR COST Or GOODS (INCLUDING PALL 14&LL) CNAROEO TO ACCOUNTS O~ THEIR BOOKS AS REPORTED BY THE BRANCHES ON CREDIT MEHORANDUt4 N.Y,O. 10. D- DEBITS TO PROPER ACCOUNTS FOR COST Or GOODS USED AS GAHPLEIj GRATISj INCIDENTALS AND MISCELLANEOUS ACCOt.W4TSa AS RERORT[D MONTHLY ON ~.~. 31-~. CALCULATIONS ARE MADE IN THE NEW YORK OFFICE. (CONTINUED) A I" 'o~0102 554~'~
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27A10- FINISHED GOODS DECEMBER 31, 1951 [- SALES VALUE OF PALL MALL CIGARETTES (WITH N[w YORK STATE TAX GTAHPS ATTACHED) SOLD TD AId~RICAN CIGARETTE AND CIGAR COMPANY AND TD N£~ YORK OFFICE EMPLOYEES. F- DEBITS TD ACCOUNT NO. n21A~O- DUTY DRAWBACK CLAINStl FOR ANY EXCESS OF THE TOTAL OF NET CLAIN$ AS FILED OVER ANOUNTS SET UP IN ACCOUNT NO. N21A92- DUTY DRAWBACK TO O[ CLAINED*m G- DEDITS TO ACCOUNT NO. "21A92- DUTY DRAVBACK TO BE CLAIMED~ FOR THE ANOUNT OF DUTY TO BE CLAINCO ON INPORTEO LCAF TDBACCO USED IN CIGARETTES SNIPPED AS EXPORT. H- DCBITS TO ACCOUNT NO. D~. BOX FACTORY PROFITS - CIGARSM FOR THE ANOUNT Or NET PROFIT APPLICABLE TO OPERATIONS AT THE CNARLCSTON BOX FACTORY. I- DEBITS TO ACCOUNT NO. "756.1- DCPARTNENT Or MANUFACTURE - CIGARETTES, SMOKING, [TC," TO ADJUST END-OF-NONTH INVENTORY COST or LUCKY STRIKE L>OS AND PALL MALL 205 FOR fACTORY EMPLOYEES TD THE QENENAL AVERAOE FOR ALL BRANCHES, J- D£BIT$ TO DURNAN BRANCH FOR VALU[ OF R[USABLE HAPPY HIT CONTAIH[RS, ~HEIE CONTAINERS VCRC 8HIPPCD TO '~E BRANCH FROH JERSEY CITY. 1"HE DEGIT BALANCE AT DCCrNBER ~1 e 19~1, IS CO{qPOSED OF THE FDLLOVING: DONESTIC ~.3(.8,593,568 11,104,501.85 EXPORT 11o,38~,6oo Z86,710.7~ DowzsT,c - ~¢H.¢AN C.GA*¢TT¢ AND CIGAR CO~<PANY ~,2OO h11.~ DONESTtC 1,~87.84h 15 5./~3 T26,131.3~ EXPORT 2,O9h 1.582.78 p~mJ@ AND TWIST DOM=STIC 97,Tt5 112,461.22 CleAR__._.! DONCSTIC - GCNCRAL LINE 30,860,T00 1,~7,~O.99 - HAVANA LIH[ ~,~61,t75 366,6h~.26 EXPORT - GCNKXAL LINe ~ ~9.05 1~.o~6.885.11 0255480
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.-¸ 27A18- INTERNAL REVENUE STAMPS - FINISHEO GOOOS OECEHBER 31, 19~1 THE D[BIT BALANCE OF TH IS ACCOt)NT REPRESENTS THE INT[RNAL REVENUE STAMP VALUE APPLICABLE TO TAX PAID fINISHED GOODS ON HAND AT AND IN TRANSIT TO BRANCN[$j WAREHOUS£S AND NEW YORK OfficE. IN- ,ELUDING TAX PAID PALL HALL CIGARETTES ON HAND AT ~NAH, LOUISVILLE AND VIRGINIA BRANCHES AND IN TRANSIT TO WAREHOUSES. A DETAILED ANALYSIS OF TRANSACTIONS IS MAINTAINED ON NeY.O= 2 BY THE COST 01VISION Or THE GENERAL ACCOUNTING DEPARTHEHT. THIS ACCOUNT RECORDS: 1 - O¢BITS fOR= A- CREDITS TO BRANCHES COVERING REV[Nt#[ BTAHP COST APPLICABLE TO f|NIGH[O GOODS HANUFACTUREO (INCLUDING PALL HALL) roe DOt4EST I¢ TAX PAID CONSUHPT ION= B* CREDITS TO ACCOUNT No, "20L10- ACCOUNTS PAYABLE" fOR TH[ REVENUE STAMp COST APPLICABL[ TO LUCKY STRIN[ CIGAR[TT[$ PURCHASED FROM JOBBERS rOA SAMPLING THROUGH GTOCKHDLDERSw TO IMPORTED BRANDS AND TO GOODS TRANSFERRED FROM EXPORT TO DON[STIC PACKING. C- CREDITS TO BRANCHES AND ACCOUNT NO. "20L18- MISCELLANEOUS ACCRUALS PAYABLEu COVERING FLOOR STOCKS TAX ON CIGARETT[S AT 50 CENTS PER THOUSAND APPLICABLE TO ALL TAX PAID CIGARETTES ON HAND AND IN TRANSIT AT 0¢TOe[R 310 1~1° 2 - CREDITS rORI A- DEBITS TO ACCOUNT NO. "610.1- COST OIr SALES - C IGARETT[#, SMOKING, ETC.: AND ACCOUNT NO, =610,2- COST or SALES - CIGARSI rob REVENUE STAMP COST APPLICABLE TO DON[GTIC TAX PAID GOODS BOLD DURING THE MONTHe CALCULATIONS ARE MADE AT THE PRESCRIBED REY[NUI[ RAT[S APPLICABLE TO EACH TYPE OF FINISHED GOODS. B- O[BITS TO ACCOUNT No. m~O~)O- AMERICAN CIGARETTE AND CIGAR CONPANY: roe TH£ RCV[NU[ STAMP COST APPLICABLE TO TAX PAID PALL HALL CIGARETTES SHIPPED TO CUSTOi4ERS BY OURHANo LOUISVlLL[ AND VIRGINIA BRANCHES AND RECEIVED BY WAREHOUSES* Co DEBITS TO BRANCHES FOR REVENUE STAMP COST APPLICABLE TO GOODS (INCLUDING PALL HALL) CHARGED TO ACCOUNTS ON THEIR BOOKS AS REPORTED BY THE BRANCHES ON CREDIT N[HORANDU~I N,Y,O, ID, D- D[BITS TO PROPER ACCOUNTS FOR REVENU( $TAHP COST APPLICABLE TO GOODS USED AS SAHPL[$~ GRATISm INCID[NTALS AND MISCELLANEOUS ACCOUNTS AS REPORTED MONTHLY ON ~.~* 31-~R* CALCULATIONS ARE HAD[ IN THE N[V YORK DfFIC[° E" DEBIT TO ACCOUNT NO. "6~1.1- SALVAGE AND EXPENSE - GOODS REWORK[D, DESTROYED, ETC. - CIGARETTES° SMOKING, [TC.I FOR THE REVENUE STAHP COST Or PALL MALL ISPECIAL WAREHOUSE RETURNSN TRANSF[RR[O FRON DOH[STIC TO EXPORT PAC KING. F- DEBITS TO ACCOUNT NO, "21A80- |NT[RNAL REVENUE STAMP CLAIMSl COVI[RING 13t[ REFUND Or TO6ACCO TAX AT 8 CENTS PER POUND APPLICABLE TO ALL TAX PAID SHOKING AND PLUG AND TVIST TOBACCO ON,HAND AND IN TRANSIT AT OCTOBER 31° 1~1. THE DEBIT BALANCE AT DCCF~NB[R 31, 19~1 IS COMPOSES OF THE IrOLLOWING| (CoNTIHU¢O) 93 f~lT:~O1 02554.81
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.i¸ ? r "2TA18- INTERNAL RE~NUE STAMPs - FINISHED GOOOS O(C~Me(R 31, 1951 PAe( 2 TYP£ TAX PAIO C|GARETT[S - ,~t4ALL SMOKING PLUG AND TWIST CIGARS - GENERAL LINE CLASS A CLASS B CLASS C CLASS E HAVANA LINE CLA~S D CLASS E CLASS F CLASS G R rVENUE U A~..~..~T~Y STAI4P RAT[ .VALVE ~,368,~3,~:)8 ~.oo ,OR N 17,~,66,998,91 1,~,8"i,~, 15 .~8 .lo ,ER ~. 1~,8,T&.58 97,715 ~ .lo rz~ Le. 9,T'~.53 2,75o 2.50 PER M 6.88 i ,o25,2oo 3.oo 3,o75.6o ~b,,Too ~,.oo 2,178.8o 29,2~, Or-)O 10.00 2~)2,~0. ~0 11,~00 7.00 ~0.~0 I ,TGO,375 I o.oo 1T,6O3.T5 2,2~,000 15.00 33,120.00 ~,81,6oo 20.0o 94 RI" :,~0 1 n'7 % 5,.'I- 8 '"
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• • -. . "1,7 :,: 27A38- CI~/~RrTT~" BOO~ OFCE:~E~R 31, I~ .- i l / i * _... :==_. .~ I - --- . - .:L:..':'?,?:.. ;;711 ' . " m- -;. . : . • THE DEBIT ~ALANCC OF THIS ACCOUNT REPRESENTS TH~ AVERAGE CO3T OF CIGARETTE BOOKSI EXCLUDING GOSSE LA CROiX~ ON HAND AT AND IN TRANSIT TO BRANCHES AND VAKEHOUSES~ ~N AVERAG£ COST PER THOUSAND IS CALCULATED EACH ~ONTH FOR EACH STTL~ BY ADDING THE INVENTORY VALUE AT THE BEGINNING OF TH[ HONTH TO THE COST OI~ BOOKS RECEIVED DURING THE HONTH ~ND DIVIDING THE RESULT BY THE TOTAL APPLICABLE QUANTITY~ THE AVERAGE COST SO ARRIVED AT IS USED TO D(TCR/41NE AHOUNTS AP- PLICABL£ TO SH IPP~O QUANTITIES AND TO INVENTOR~ QUANTITIES AT THE END OF THE HONTNo THIS ACCOUNT RECORDS: 1 - OEBITS rORi ~- THE BILLED VALUE OF 1~0 L~Ar C|GARCTT~ BOOKS NANUFACTUR£O FOR US BY THE CHANPAGN£ PAPER 01VISION or [CUSTA PAPER CORPORATION. B- CREDITS ~O BRANCHES FOR BILLING TO NEW YORK OFFICE COVERING [XTBA PACKING COST OF CIGANETT~ BOOKS SNIPPED AS EXPORTSI C- ~OUHT PAYABLE TO SO¢tCTE ANONYHE OI[XPLOITATION O£S PAPCTERI£S L. LA CROIX FILS FOR NANUFACTURING RIGHTS ON BOOKS SHIPPED TO US BY THE CHA~PAGN( PAP[~ DIVISION OF [CUSTA PAPER CORPORATION. D- CREDITS TO ACCOUNT NO. "~.1- O~SOLETC ~RAPPING HAT~R IAL AND EXPENSES - CIGAR£TTRS~ BHOKINO, ETC.ff TO REINSTATE THE FORMER BOOK VALUE OF GOHH[I LA CROIX BOOKS SHIPPED TO CUSTCN4~RBI USED BY BRANCHES AND CHARGED TO EXPENSE ACCOUNTS HONTNLY. THE VALUE OF ALL GO$<H~ LA CROIX BOOKS ON HAND AT OECCHBCR 31. 1~6 t~AS CHA~aEO TO ACCOURT NOD ~T~.l OH THAT DATE. - CREDITS FORi A- DEBITS TO ACCOUNT NO, "~10.1- COST OF SALES - CIGARETTESI S~OKINGI tTC.I CO¥£RING AVERAG~ COST OF BHIPH~NTS TO CUSTOMERS BY BRANCHES AND VAR[HO~S~S, ~- DEBITS TO PROPER ACCOUNTS FOR CO~T O~r CIGARETTE BOOKS USED AS SANPL[Sl GRATISl INCIOCNTALS~ ETC~. AS REPORTED HONTHLY ON F.F, ~1-28. CALCULATIONS ARE ~AOE IN THE NE~ YORK OFFICE. C- ~EBITS TO BRANCHES FOR THEIR CREDITS TO NEW Y~RK OFFICE FOR COST OF CIGARETTE BOOKS CHARGED TO ACCOUNTS ON BRANCH BOOKS. THE DEBIT BALANCE AT DECENBER ~1. 1~1 Is ¢O~POBCD OF TNE FOLLOWING: (CORTI~UED) R1"~01
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2TA~- C|GARETT[ BOOKS DECEMBER ~lj 1~1 PAGZ ~~.~,~-,~,*~:~.~ LOCATION LA CROIX ~H~AT STNA~ 15o L~AVE$ RIZ LA CNOlX 150 LZAV[S WAR~HOUS[S LA CROIX WH[AT STRAW 150 [~AV~$ RIZ LA CRoIx 150 LZAVZS TOTAL QUANTITY ~59,2o~ 8,378,227 211,032 AV£RAOE P[R THOUSAND 15.75~91~ 15.ho2559 w~u___~c ;i~ -~-~:-.~_- ,~-~ ;~-~ ......... ,P ..... • . ~G hl':,i01 025~4B~
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.. . . • 27AhO- INTERNAL REVENUE TAX - C IGARETTE BOOKS DECEMBER 31, 1951 ,/ _z - ---- • . - = ,. - _ THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE VALUE Or REVENUE TAX APPLICABLE TO ALL CIGARETTE BOOKS EXCLUDING GOI4MEI LA CROIX ON HAND AT AND IN TRANSIT TO BRANCHES AND WAREHOUSEB~ THE REVENUE TAX ON ALL BOOKS IS BILLED TO NEW YORK OFFICE BY CHAMPAGNE PAPER DIVISION OF CCUSTA PAPER CORPORATIONI NO DRAWBACK IS OBTAINABLE FOR THE TAX APPLICABLE TO BOOKS SH|PP£O AS EXPORT. THIS ACCOUNT RECORDS| 1 - DEBITS rOR~ A- REVENUE TAX ON 150 LEA~ CIGARETTE BOOKS HANUFACTUR[O AND BILLED TO US BY THE CHA~PAGN£ PAPER DIVISION Or [CUSTA PAPER CORPORATIONe ~- CREDITS TO ACCOUNT NO= "~el- OBSOLETE WRAPPING HATERIAL AND EXPENSES - C|OARETTES~ S~OKIN~ ~TCeN TO REINSTATE THE REVENUE TAX APPLICABLE TO GO$4~[! LA CROIX BOOKS SHIPPED TO CUSTOMEflS~ USCD BY BRAHCH~S AND CHARGED TO EXPENSE ACCOUNTS NONTHLYe TH~ NEVl£NU[ TAX APPLICABLE TO ALL G~I~E! LA CNO|X BOOKS ON HAND AT DECEHBER ~1, 1~6 WAS CHAn;Eo TO ACCOUNT NO. 6Th,1 ON THAT OATE~ - CREDITS FOR| A" DEBITS TO ACCOUNT NO. ~10.~- COST Of SALES - CIGARETTES~ SNOKINO~ ETCe= COVERING REVENUE TAX ON CIGARETTE BOOKS SHIPPED TO CUSTOMERS BY BRANCHES AND WAREHOUSES~ B- DEBITS TO PROPER ACCOUNTS FOR REVENUfl[ TAX APPLICABLE TO CIGARETTE BOOKS USED AS SAHPLES~ ORATIS: INCIOENTALS~ ETCe~ AS REPORTED NONTHLV ON FeFe 31-~e CALCULATIONS ARE MADE IN THE N£W YORK OffiCE. C- DEBITS TO BRANCHES fOR THEIR CREDITS TO NEW YORK OffiCE COVERING REVENU£ TAX APPLICABL[ TO CIGARETTE BOOKS CHARGED TO ACCOUNTS OH BRANCH BOOKS~ THE DEBIT BALANCE AT DrcENBER ~1 , 1951 IS COHPOS[O or THE FOLLONING| VIRQINIA BRANCH L~ CROIX V,EAT STR~W I~O L~AV~S h~9,201 RIX LA CRO|X 1~O LEAVES 8,378,227 ~REHOU?~S LA CHoiX ~HEAT. STRAW 150 L¢AVES 211,032 R|z L* CRolx 150 LEAVES TOTAL RATE OF TAX PER TNqUSAHO 15.OO 15.00 15.~ ~5.o0 3,1(6.1~ - 6.2~8,oo FI I" ~ 0 "1
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• -- \ J THE DEBIT BALANCE or THIS ACCOUNT REPRESENTS THE INVENTORY VALVE ON NEW YORK OFFICE BOOKS Or LOOSE CIGARS INCLUDING CIGARS IN PRESSURE SHELLS ON HAND AT THE MANUFACTURING BRANCHES+ A DETAILED ANALYSIS Or TRANSACTIONS IS MAINTAINED ON NoY,O. 2 BY THE COST DIVISION or THE GENERAL ACCOUNTING DEPARTMENT, THIS ACCOUNT RECORDS1 1 - DEBITS FOR: A- CREDITS TO MANUFACTURING CIGAR BRANCHES FOR THEIR BILLINGS TO NEW YORK OFFICE COVERING COST OF LOOSE CIGARS PRODUCED DURING THE MONTH+ 2 --CREDITS FOR: A- DEB ITS TO ACCOUNT NO, a27AlO- FINISH1[O GOODSI FOR THE AVERAGE COST OF THE L~S[ CIGARS PACKED INTO BRAND BOXES DURING THE MONTH° AN AVERAGE COST FOR EACH CIGAR GROUP IS CALCULATED EACH MONTH BY ADDING THE INVENTORY VALUES OF LOOSE CIGARS ON HAND AT THE BEGINNING OF THE MONTH TO THE AMOUNTS BILLED TO THIS OFFICE BY THE BRANCHES FOR THE COST Or THE RESPECTIVE GROUPS PRODUCED DURING THE MONTH. THE TOTAL AMOUNT IS OlSTRIBUTEO TO QUANTITIES PACKED DURING THE MONTH AND LOOSE CIGARS ON HAND END OF MONTH° THE AI4OUNT APPLICABL[ TO CIGARS PACKED INTO BRAND BOXES FROt4 EACH LOOSE CIGAR GROUP IS APPORTIONED AT THE AVERAGE COST TO THE VARIOUS BRANDS# FRONTMAqKSj AND BIZES PACKED FROM THE PRODUCTION OF THE RESPECTIVE LOOSE QROUPSe THE DEBIT BALANC[ AT DECEMBER 31, 1951 IS CONPOSEO Or THE FOLLOWING,* GENERAL LINE - CIGARS HAVANA LINE - CIGARS TOTAL 9,6ao,563 369,57o.33 .98 f=ll'~O 1 025_%4.86
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27A85- UNSAL~LE F|NISI'[D GO~ DECEMBER 31, 1951 THE DE61T BALANCE OF THIS ACCOUNT REPRESENTS THE SALES VALUE OF HERCHANDISEp UNSALABLE AT REGULAR SALES PRICES, ~IICH IS ON HANG AT THE NEV YORK OffiCE, 111 FIRTH AVENUE. THE SALES VALUE OF UN- SALABLE H[RCFlANOISE |S CALCULATED AT 66 2/~ Or THE REGULAR SALES VALUE OF GOOD STOCK. THIS ACCOUNT RECORDS: I - DEBITS FORZ A- BILLS FROH BRANCHES FOR REVENUE STAMP VALUE OF UNSALABLE HERCHANDISE SENT TO THE NEW YORK OFFICE FOR SALE. B- CREDITS TO ACCOUNT NO. n650.1- SALVAGE AND EXPENSE - RETURNED GOODS - CIGARETTESw SHOKING~ ET CETERAn FOR AMOUNT REQUIRED IH ADDITION TO IT£H A ABOVE. TO BRING THE VALUE OF H[RCHANDISE BILLED BY BRANCHES AT THE RtVENU£ STANP RATE TO A VALUE AHOUNTING TO 66 2/~ OF THE SALES VALUE Or GOOD STOCK. 2 - CREDITS FOR: A- SALES VALUE OF STOCK SOLD TO OFFICERS AND [HPLOYIEE$ AS REPORTED ON F.F. 31-1 PREPARED HONTHLY SY THE COST OlVl$1ON OF THE GENERAL ACCOUNTING DEPARTMENT. A SUHMARy ANALYSIS OF TRANSACTIONS FOR THE YEAR ~:)1 FO,LOW$: DEBIT BALANCE - JANUARY 1. 1~1 VALUE OF HERCHANDIS[ RECEIVED - NEW YORK OFFICE STOCK VALUE OF HERCHANDISE SOLO TO OFFICERS AND EHPLOYEES DEBIT BALANCE - OECEHB~R 31, 1951 AHOUN,.TTT 29.O~ -D- im 99 F3 l" HO "1 02 55~-8 ?
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• 27A~6- SALESMEN'S RETUI~ED GOOO~ DEC£14BER 31, 1~1 THE DEBIT BALANCE or THIS ACCOUNT REPRESENTS AMOUNTS PAIO TO SALESH£N FOR FINISHED GOODS Or OUR O~N 14ANUrACTURE PICKED UP FROM THE TRADE AND RETUIRNEO TO THE SERVICE DEPARTMENT AT OUR DURHAM BRANCHw FOR ~HICH CREDITS HAVE NOT BEEN ISSUED TO NEW YORK OFFICE BY DURHAM BRANCHe THIS ACCOUNT RECORDS: 1 - DEB|TS FOR CREDITS TO ACCOUNT NO. m20Lll- ACCOUNTS PAYABLE - SALESMENt$ EXPENSE ACCOUNTSN COVERING PAYMENTS MADE TO SALESMEN TO R[IMSURSE THEN FOR PAYMEHTS HAD[ BY THEM TO CUSTOM[RS FOR RETURNS OF UNSALABLE GOODS, 2 - CREDITS FOR: A- DCBITS TO ACCOUNT NO, ~0~.1° ALLOWANCES ON RETURNED UNSALABLE GOODS CIGARETTES; SHOKINO; ETC.n FOR CREDITS REC£1V[D FROM THE DURHAM BRANCH SERVICE DEPARTMENT TO APPLY AGAINST SPCCIFIC ALLOVANCES MADE BY SALESMEN. B- DEBITS TO ACCOUNT NO. "~OASO- AH£RICAN CIGARETTE AND CIGAR CO~4PANYN FOR AMOUNTS PAID BY SALESMEN TO CUSTOMERSI FOR MERCHANDISE OF THAT COMPANY RETURNED. C° DCBITS TO VARIOUS EXPENSE ACCOUNTS FOR ADJUSTMENTS SY THE NEV YORK OFFICE SERVICE DEPARTHENT AND SAL[SMENIS EXPENSE DIVISION FOR VALUE OF MCRCHANOISE LOST IN TRANSIT OR RECE|VEO SHORT AT DURHAH BRANCH. .0 A SU~I4ARY ANALYSIS OF THE TRANSACTIONS FOR TH£ YI[AR ~1 FOLLOWS | D¢SIT BALANCE JANUARY 1, 1~1 NET PAYMENTS TO SAL[$M~N LEss: ~,OT~.28 33,~7.13 DURHAM BRANCH CREOITS FOR SALVAGE 28,~3.58 AOJUSTHENTS BY NEW YORK OFFICE FOR VALUE Or MERCHANDISE LOST IN TRANSIT OR RECEIVED SHORT AT DURHAM BRANCH 47.18 CHARG[S TO AMERICAN CIGARETTE AND CIGAR COMPANY D£B;T BALANCE, DECEMS£R 31~ 19~1 iO0 -,-,. ~ ..... ,~-8 El
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"1 i THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE VALUE OF MAPLE SUGAR ON STORAGE AT VARIOUS LOCATIONS. THIS VALUE INCLUDES [STIHAT[O EXPENSES/ THE UNPAID PORTION OF VHICH IS A CREDIT OffSET IN ACCOUNT NO. ff3~Al~- PROVISION FOR DUTY~ FREIGHTm [TC.e ON MAPLE SUGARtw THIS ACCOUNT RECORDS: 1 " D£SITS fOR: A- THE ACTUAL COST OF THE NAPLC SUGAR. B- [ST|HATES OF EXPENSES TO BE PAID FOR DUTY9 rREIGHTp [TCep ~ICH ARE CRCDITEO TO ACCOUNT NO. "3~J~1 ~- PROVISION FOR DUTY, FR£ IG~tT, [TC., ON MAPLE SUGAR. C- TRANSFERS Or MAPLE SUGAR tROt4 OH£ STORAGE LOCATION TO ANOTHER. 2 - CREDITS FOR: A* CHARGES TO BRANCHES fOR MAPL£ SUGAR VITHORA~FN FOR CONSt.%4PTION. B- TRANSFERS OF MAPLE SUGAR PROM ONE STORAGE LOCATIOH TO ANOTHER. THE OE81T BALANCE AT DECEMBER 31, 1951 IS COMPOSED OF THE POLLOWINO| LOCATIO. CRO._~P JN 8OND - DURHAHp NORTH CAROLINA 1950 IN BOND - R[IDSVILLE, NORTH CAROLINA 1~)~O ~.ESSISV|~LE, QUESEC, CANADA 1951 ST. JOHNSBURYs VERMONT 1951 POUNDS 7o,~36 3a,96~.o~ 7o,619 33oO49.69 2oo,o55 93,625.7~ 375.0~7.81 53~.677.28 10! f31" HO'I 0255,1-89
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/ t_ ,f i .! '35AlZL- PROVISION FOR DUTY, FREIGHT, ETCo ON MAPLE SUGAR DECEMBER 31. 1951 THE CREDIT BALANCE or THIS ACCOUNT OFFSETS IN PART THE DEBIT BALANCE IN ACCOUNT NO. "3~JL13- MAPLE SUGAR~W AND REPRESENTS UNPAID ESTIMATED EXPENSES FOR DUTY; rRE IGHT, ETC.j ON NAPLE SUGAR, ~.IICH EXPENSES HAVE BEEN CHARGED TO THE COST OF MAPLE SUGAR. TH)S ACCOUNT RECORDS! 1 " CREDITS rOR CHARGES TO ACCOUNT NOe "~-~13- MAPLE SUGAR,n fOR ESTINATEO EXPENSES COVERING DUTYB FREIGHT~ ETC., ON MAPLE SUGAR, TO BC iNCURRED WHEN SH IPPEO FROM WAREHOUSES IN THE UNITED STATES TO OTHER WAREHOUSES OR BRANCHES; PRON WAREHOUSES IN CANADA TO BONDED WAREHOUSES IN THE UNITED.STATES OR TO BRANCHES; AND PROM BONDED WAREHOUSES IN THE UNITED STATES TO BRANCHES. 2 - DEBITS FOR: A- CHARGES BY BRANCHES AND AMERICAN SUPPLIERS. INCORPORATED, FOR OUTYp FREIGHT. STORAGE, LABOR, INSURANCE, TAXESj [TC° B- CHARGES THROUGH THE VOUCHER REGISTER AND ON JOURNAL ENTRIES COVERING VARIOUS EXPENSE ITENS. THE CREDIT BALANCar AT DECEMBER 31. 1951 as COMPOSED OF THE FOLLOWING: DESCRIPTION ANOUN'r DUTY 6,822.20 FREOOHT AND SWITCHING CHARGES 13,222.32 STORAGE 18.Cp3 LABOR 383.04 INSURANCE 14~.74 MtSCELLANEOUS TOTAL 102 R]" ~0"1 02 5':349 0
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.I THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE VALUE OF TONCA BEANS, OTHER THAN BRAZILIAN TONCA BCANSj ON STORAGe AT VARIOUS LOCATIONSe THIS VALUE INCLUDES [STINAT[O [XPRNSES# THE UNPAID PORTION Or WlqlCH IS A CREDIT OFFSET IN ACCOUNT NO. ~3~)~- PROVISION fOR DUTY, FREIGHT, £TC. ON TONCA BEANS.m THIS ACCOUNT RECORDS: 1 - O[SlTS tON: A- THE ACTUAL COST OF TONCA BEANS, OTHER THAN BRAZILIAN TONCA BEANS. B- [$TIMAT[S OF EXPENSES TO BE PAiD FOR DUTYj FREIGHT, [TCoj VHICH ARE CREDITED TO ACCOUNT No. n3~1~26° PROVISION FOR DUTY, FREIGHTs ETC. ON "TONCA BEANS." C- TRANSFERS Or TOHCA B[AHSm OTHER THAN BRAZILIAN TONCA BEANS, rROH ON[ STORAG~ L~ATIOH TO ANOTHERe 2 - CREDITS FOR: A- CHARGES TO BRANCHES FOR TONCA B[ANSj OTHER THAN BRAZILIAN TONCA B[ANSm WITHORA~N FOR CONSUt4PTION. B- TRANSFER O(r TONCA BEANS, OTHER THAN BRAZILIAN TONCA BEANS, FROt4 ONE STORAGE LOCATION TO ANOTH£R. THE DEBIT BALANCE AT BEC[HB£R 31, 1951 Is COHPOStD OF THE rOLLOVIHG: AVCRAG[ PRIC[ IN BOND AT ~ CRO,_,,,~P POUNDS PER POUND DURHAM, NORTH CAROLINA " FIRST 1~ ~,358 .7999 FIRST 19h~-5-6 359,687 .7999 F,RST 19h8 53,316 .7999 RICHMOND, VIRDINIA FIRST 19~3 1~ GRAND TOTAL .7999 V A LU,.m.~[ 70,677.55 L:~,7,713.63 h2,~7.~,7 i03 02~5~91
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r~ '1 '3~26- PROVlSION FOR DLrrY, FREIGHT, ETC. ON TCNCA BEANS D[CEI4BER 31, 1 9'~I THE CREDIT BALANCE Or THiS ACCOUNT OFFSETS IN PART THE DEBIT BALANCE IN ACCOUNT NO, 13~I~25- TONCA SEANSpH AND REPRESENTS UNPAID ESTIMATED EXPENSES FOR DUTYI FREIQHTp gTCem ON TONCA BEANS, WHICH EXPENSES HAVE BEEN CHARGED TO THE COST Or THE TONCA BEANSo THIS ACCOUNT RECORDS: 1 " CREDITS fOR CHARG[S TO ACCOUNT NO. n~A25" TONCA BEANSfl FOR ESTIMATED EXP[NSES COVERING DUTYo rRE|GHTj ETCel ON TONCA BEANS, OTHER THAN BRAZILIAN TONCA DEANSm TO BE INCURRED ~HEN SHIPPED F,O,Bi SUPPLIERS TO AMERICAN SUPPLIERSw INCDRPOeA:EO, BONDED WAREHOUSES AT RICHMOND, VIRGINIA AND DURHAM p NORTH CAROLINA AND THEN TO VARIOUS BRANCHESl 2 - DEBITS fOR: A- CHARGES BY 8RANCHES AND AMER|CAN SUPPLIERSo |NCORPORATED# FOR DUTYp FR[IGHTj $TORAG[D LABORp |NSURANCEm [TCe B- CHARGES THROUGH THE VOUCHER REG:STgR AND ON JOURNAL ENTRIES COVERING VARIOUS EXPENSE ITEMSo THE CREDIT BALANCE AT DECEMBER 31, 1951 i$ COMPOSED or THE FOLLOWING: DESCRIPTION DUTY FREIGHT STORAG¢ LABOR |NSURANCE ~ISCELLAN[OUS TOTAL 95 ,oh,2 i8~ 2,o89.13 1 ,o3o.35 2,o9o.23 118t'~0 -i 104 f::l T :KO 1 0 2 %_'3. 4- 9 -'.
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"~ASO- WRAPPING MATERIAL DECrMEER 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE VALUI~ or ~RApPING MATERIAL ON HAND AT VARIOUS LOCATIONSD OTH£R THAN AT BRANCHES AND SUPPLIERS. THIS ACCOUNT RECORDS: .1 - DEBITS FOR CREDITS TO AccOuNT NO, m20{.10- ACCOUNTS PAYABLEN FOR THE COST OF MATERIAL, 2 - CR[OITS FOR DEBITS TO VARIOUS ACCOUNTS TO RECORD THE DISPOSITION.Or THE MATERIAL, THERE VA5 NO BALANCE IN THIS ACCOUNT AT D[CEt48[R 31, 19~1, ~05 f~ I" ~'/01 02554~3
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• i i 35A53- WRAPPING HATI[RIAL AT SUPPLIrR$ D£C£H~R 31, 1951 |NVENTORY Or WRAPPING MATERIAL: WRAPPING SUPPLIED AND H|SCELLANEOUS HATERIALS AND BUPPLIES OWNED BY THE COMPANY AND HELD AT VARIOUS SUPPLIERS AVAITING THE COt4PANyIs INSTRUCTIONS. THE DEBIT BALANC[ AT DECEHB[R 31p 19~1 Is ¢OHPOSEO Or THE fOLLOWING: NAME AND ADDRESS or SUPPLIER CONSOLIDATED LITHO~;RAPH CORff, EARLE PLACE LONG ISLAND, NEW YORK DESCRIPTION LABEL SETB~ TOP SH[ETS~ INSIDE LABELS AND BANDS fOR: CHAN¢[LLOR BANKERS CHANCELLOR PAN[TELAS CHANCELLOR CLUe HOUSE CHANCELLOR LIBERTY A I" ~0 1
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THE DEBIT BALANCE or THIS ACCOUNT R£PREBENTS TH[ VALUE AT AVERAGE COST or CIGAR BOXES AND ATTACHED LABELS ON HAND AT CHARLESTON BOX FACTORY AT CHARLESTON BRANCH, CHARLESTOHa SOUTH CAROLINA. THIS ACCOUNT RECORDS: I - DEBITS FOR MONTHLY CHARGES FROI.I CHARLESTON BRANCH FOR THE COST OF THe PREVIOUS MONTHtS PRODUCTION Or CIGAR BOX{Sj LABELS AND PRINTING MAT£RIALSl -|H D[C£MBER EACH YEAR THE COST or THE CURRENT HO~ITH¢S PRODUCTION IS RECORDED IN ADOITIO44 TO THE COST OF THE PREVIOUS MONTHIS PROOUCTIONa 2 - CR£DITB FOR HONTHLY DEBITS TO ACCOUNT NO. #80~- BOX FACTORY PROFITS - CIGARSM FOR THE AVERAGE COST OF CIGAR BOXESf LABELS AND PRINTING MATERIALS SHIPPED OR DELIVERED BY THE CHARLESTON BOX FACTORY IN THC PRECCOING MDNTHp EXCLUSIVE OF SHIPPING EXPENSE° IN DCC~NB£R EACH YEAR THC COST OF THE CURRENT MONTHIS SHIP- MENTS IS RCCORDeO IN ADDITION TO THI[ COST or SHIPt4ENTS FOR NOVCHBER° "~HE DEBIT BALANCE AT DCCEMECR 31 , 1951 IS COl.(POSED OF TH[ rOt.LOVING! Stz__.~c EL ROI-TAN GOLFERS 1/10 EL R01-T/~I 10~ SiZeS 1/20 TOTAL . V~,ur QUANTITY 8oxE.___.s LAeEL. S TO t*L 15,55o I, 3Bzi.88 T99.T2 2,18~.6o 189,'/8<) 15,699.62 9.611~7fi ~i.311.37 :tO? P3 I',~0 I 02 5.'S.. 4..'3. 5
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....... n ....... ~5A65- CIGAR BO~S BILLINGS IN SUSPENSE DECEMBER 31, 1951 1. 3 THE CREDIT BALANCE OF THIS ACCOUNT OURINO THE yEAR (EXCEPT AT 0ECEHBrR 31 ) R£PRESENTS THE BILL[O VALUE Or CIGAR BOXESo LABELS AND PRINTING MATERIALS SHIPPED OR DELIVERED TO CIGAR BRANCHES BY CHARLESTON BOX FACTORY DURING THE CURRENT NONTH. THIS BALANCE IS TRANSprRRED TO ACCOUNT NO, n~. ~)OX FACTORY PROFITS - CIGARSII IN THE FOLLOWING NONTH, |N DECE~ER EACH yEAR THE BILLED VALUE OF" DEC£t4BER 8HIPH£NTB IS TRANSFERRED TO ACCOUNT NO, 8(~ IN THE CURRrNT MONTH, A BCHrOULE Or PRICES AT WHICH BOXES ARE BILLED AS ESTABLISHED By THE N~d YOAK OrrlcE IS oN FILE IN THE COST D|YISlOH DF THE GENERAL ACCOUNTING DrpARTNERTe LABELS AND PRINTING MATERIALS ARE BILLED AT CURRENT ¢OSTe THIS ACCOUNT RECORDS| - CREDITS FOR MONTHLY CREDITS PRO#4 CPL~RLESTON BRANCH FOR BILLED YALU£ Or CIGAR BOXESe LABELS AND PRINTING NAT£RIALB SHIPPED ON orLIVEREO TO CIGAR BRANCHES BY CNARLrSTON BOX FACTORY DURING THE CURRENT NORTH. 2 - DEBITS FOR CREDITS TO ACCO~JNT NO. I~0~ BOX FACTORY PROFITS - CIGARSpW FOR THE BILLED VALU/~ OF CIGAR BOXrSp LABELS AND PRINTING MATERIALS SHIppro AND Bli.LEO BY CHARLESTON BOX FACTORY DURING THE PRECEDING NOHTH. |N DECENJBER EACH yrAR THE BILLED YALUE or THE CURRENT NONTHIS BNIPt4~NTS IS RECO~RDEDIN ADDITION TO TNr BILLLrD VALUE OF" SHIPMENTS FOR HOVENBER. A StJM~MY ANALYSIS OF TRANSACTIONS [eOR THE YEAR 1~1 IrOLLO*~IS: TOTAL DEBITS ~)'IO,9~,37 TOTAL CREDI,S _~0~_~ BALANCE DECEmER 31o 1951 -O- i ! 108 ~l l" :~01 0255~.98
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3~33- TAX STAW~S - OTH~'R D£CEHE~R 31 o 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE NET VALUE OF ATTACHED AND UNATTACHED NEW YORK STATE TAX STAMPS ON HAND IN THE STATIONERY DEPARTHENTx NEW YORK OFFICEp 111 FIFTH AVEHUER FOR USE ON CIGARETTES TO BE SOLO FROM NEW YORK OFFICE STOCK, FOR USE ON SAHPL[ CIGARETTES RECEIVED BY THE DE- PARTMENT OF HANUrACTURE FROH BRANCHES AND FOR SAMPLE S CHARGEABLE TO OTHER ACCO~JNTS. THE DEBIT BALANCE DURING THE YEAR ALSO INCLUD£D THE VALUE Or PUERTO RIEAN REVENUE ITANPS ATTACHED TO GOODS (INCLUDING PALL HALL) ON HAND AT BRANCHES FOR SHIPMENT TO PUERTO RICO, THIS ACCOUNT RECORDS: 1 - DEBITS FOR¢ A- CHARGES THROUGH THE VOUCHER REGISTER FOR PURCHASES OF NEW YORK STATE TAX STAMPS, B- BILLINGS BY BRANCHES FOR PUERTO RICAN REVENUE STAMPS ATTACHED TO MANUFACTURED STOCK (INCLUDING PALL HALL) FOR SHIPMENTS TO PUERTO RICO, 2 - CREDITS FORI A- MONTHLY CHARGES TO ACCOUNT NO, 12OA~O- ACCOUNTS RECEIVABLE - OFFICERS AND EMPLOYEESw FOR THE VALUE OF STAMPS ATTACHED TO CIGARETTES SOLO TO EMPLOYEES FRO44 HE%/ YORK OFFICE STOCK, B- CHARGES TO ACCOUNT NO, "610.1- COST OF SALES - CIGARETTES, SMOKINGw EYE,I FOR THE VALUE Or PUERTO RICAN REVENUE STAMPS ATTACHED TO PUERTO RICAN SHIPMENTG. C- CHARGES TO VARIOUS £XPENSE ACCOUNTS FOR STAMPS ATTACHED TO LUCKY STRIi~E[, HERBERT TAREYTOt~ AND PALL HALL CIGARETTES USED AS GRATISj SAMPLES~ ETC,p AS REPORTED ON N¢w YORK OFFICE r.ro 31-28. D- CHARGES TO AMERICAN C IGARETT£ AND CIGAR COMPANY FOR THE VALUE or NEv YORK STATE TAX STAHPS AFPIXEO TO PALL HALL CIGARETTES SOLO TO THAT C Ot4PAHY DURING THE MONTH° AND FOR THE VALUE OF PUERTO RICAII REVENUE STAMPS ATTACHED TO PALL HALL CIGARETTES SH|PPEO TO PUERTO RICO. THE DEBIT BALANCE AT DECEHBER 31, 1951 Is EOHPOSEO OF THE FOLLOWING: QUANTITY NEV YORK STATE TAX STAMPS ATTACHED ~,5~0 UNATTACHED TOTAL 8mBm~ 130.30 ~I"H01 • 109 0255,$~ 7"
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j GIENERAL FACTORY SUPPLIES D(:C£:I4~:R ~1, 1~1 THE DEBIT BALANCE Or THIS ACCOUNT REPRESENTS THE VALUE OF SUPPLIES AND AUTO~4OSILE ACCESSORIES STORED AT VARIOUS LOCATIONS AND CARRIED ON NL~#YO~K OFFICE BOOKS, THESE SUPPLIES AND ACCESSORIES ARE WITHORAVN FOR USE BY THE SALES ORGANIZATION ANO THE NAINTENANC£ DEPARTMENT. THIS ACCOUNT RECORDS: 1 - DEBITS FOR: • A" CREDITORS! INVOICES R[COROED IN THE VOUCHER REGISTER COVERING PURCHASES OF VARIOUS SUPPLIES AND AUTONOBILE ACCESSORIES FOR THE USE Or OUR SALES ORGANIZA- TION AND NAINTENANCE OEPARTHENT, B- TRANSFERS FROM ACCOUNT NO* wS~A63- GENERAL FACTORY SUPPLIES AT SUPPLI[RS: COVERING THE VALUE OF SUPPLIES VHICH ARE RETURNED TO OUR JERSEY CITY WARE- HOUSE BY AUTONOBIL[ DEALERS. 2 -- CREDITS FOR: A" CHARGES TO ACCOUNT NOS. m61 6,1- SALESHENIS SALARY AND EXPENSE - CIGARETTES) SNOKING, ETC,pR AND "616,2- SALESHENfS SALARY AND EXPENSE - CIGARSmR COVER- ING VALUE OF ITENS SHIPPED TO THE SALES ORGANIZATION, B- CHARGES TO ACCOUNT NO, "61~,1- HEY YORK 0rrlc[ SELLING EXPENSE - ClQARETTESj SHOK|NG~ [T¢.~q COVERING VALUE OIr ITEMS SHIPPED TO THE SALES DEpARTHENT. C- CHARGES TO ACCOUNT NO, m73~- STATIONERY AND PRINTINQpm COVERING VALU[ OF ITEHS SHIPPED TO STATIONERY AND PRINTING DEPARTNENT. D- CHARGES TO ACCOUNT NOS. m2OA2D- SU~IORY ACCOUqqTS RECEIVABLEn AND n20~30- ACCOUNTS RECEIVABLE - OFFICERS AND £NPLOYEES,m FOR [QUIPNENT SOLO. [- CHARGES TO ACCOUNT NO, w~2~- OFFICE SPACE AND [GUIPI4EHTm COVERING VALUE OF ELECTRIC LIGHT BULBS USED AS REPLACENENT$ AT NEV YORK DFFICE, F- CHARGES TO ACCOUNT NO, "612.1- FREli~IT AND SHIPPiNg EXP[NSE - ClQARETTES, SHORINGw ETCepN COVERING VALUE Or SEALING TAPE SHIPPED TO OUR STATIONERY AND SALES DEPARTMENTS. G- CHARGES TO ACCOUNT NO, "632.1- STORE AND GENERAL ADVERTISING - CIQARETTESt SHOKING, ETCe~" COVERIHG VALUe OF PROJECTION LAMPS USED ON THIRD FLOOR SALES £XHISIT. H- CHARG[S TO ACCOUNT NO, "~A6~- GENERAL FACTORY SUPPLIES AT SUPPLIERSm FOR COST OF LOCKS AND HIRRORS SHIPPEO TO AUTONOBIL£ DEALERS FOR INSTALLATION ON NEW AUTO¢4OBILES. (CO~TIHUEO)
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-i / .J -I 3~'1~6C)- GENERAL FACTORY SUPPLIES GECr.MBER 31, 19'51 PAGE 2 THE DEBIT BALANCE AT DEEEMBER 31 • 1~1 IS CONPOSED OF THE FOLLOWING: QUANTITY DESCRIPTION 283 GALLONS ANTI-FREEZE PRESTON£ 82 CABIN BAGS " REGULAR BALESHEN 2 - CIGAR SALESMEN 2 - CIGAR BALEBNEN I~ CABINETS " SALESHENIS METAL 32 CovERs FOR ORDER BOOKS 36 HAI~4ERS 27 LEATHER CHART CARRIERS 51 LOCKS - SEGAL 89 MIRA SHA. h PORTFOLIOS - A.S.HtS 4,(~2 ROLLS SCOTCH TAPE lh SKID CHAINS - SETS 20 FLOON HATS - REAR DECK 4 CHEVROLET SEDAN EGUIPIMU[NT SETS MIRRORS - SUPERSIT¢ REAR VISION 1 BEAT COVERS - PLASTIC 2 TACKERS - T3 HANSON TOTAL VALUE OF SUPPLIES LOCATED'AT SEABOARD TERHINAL AND REFRIGERATION CON°ANy• JERSEY CITY, NEW JERSEY ELECTRIC LIGHT BULBS PROJECTION BULBS DRUN (DEPOSIT O~} 28 BRIEF CASES - D.M's TAN 1 - D.HIs TAN TOTAL VALUE Of SUPPLIES LOCATED AT 111 FIRTH AVENUE, NEV YORKe NEv YORK DEBIT BALANCE• DECEHBER 31J 1~1 664.65 3,393.56 ~7.53 ~93,oo 1 ~.o7 41.2T 28~.93 283.69 107.50 15.68 2,669.56 111.00 86.77 735.ol 231.90 1 3 • 72 a48.96 ~.oo 5a5.oo f~ 1" :~ 0 1
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~6A63- GENERAL FACTORY SUPPLIES AT SUPPLIERS O~[CEHBER 31, 19~1 THE DEBIT BALAN;'E OF THIS ACCOUNT REPRESENTS THE VALUE OF COHPANY OWNED HATERIAL ON HAND AT VARIOUS SUPPLIERS • THIS ACCOUNT RECORDS: 1 - DEBITS FOR VO4JCHERS RECORDED IN VOUCHER REGISTER COVERING HAT[RIALS PURCHASED AND STORED AT SUPPLIERS AND AUTOHOSILE ACCESSORIES PURCHASED FOR SALESHENI$ AUTOMO4~ILES AND STORED AT DEALERS. 2 - CNEO|TS FOR: A- CHARGES TO ACCOUNT NO. "~0~25- /~4ERICAN SUPPLIERS, INCORPORATEDfl FOR *134E COST OF DIVIBIOH CHECKS SHIPPED TO THE VARIOUS DIVISIONS FRON AH[RICAN BANK NOTE CC~4PANY AND OTHER SUPPL|ERBo B- CHARGES TO ACCOUNT NO. "722- GENERAL AND ADt41NISTRATIVE EXPENSE~ FOR THE COST or CHECKS SPOILED DURING PROCESS O4r IHPRINTINGe C- CHARGES TO VARIOUS BRANCHES FOR COST OF HISCELLANEOUS SUPPLIES FRON VARIOUS SUPPLIERSo D- CHARGES TO ACCOUNT NO. n73~- STATION[RY AND PRINTING" AND VARIOUS OTH[N ACCOUNTS FOR MATERIAL WlTHDRA~#N FROM SUPPLIERS PR[NISEB AND SH|PPEO TO NEW YORK OFFICEe BRANCHES AND OTHER LOCATIONSe [- CHARGES TO ACCOUNT Hoe I6~)A~O- SAf~[$kIENIB AUTOHO41LE$I FOR AUTOMOBILE PARTS AND ACCESSORIES INSTALLED BY DEALERS ON NEW AUTO~4OBILEBe THE DEBIT BALANCE AT DECEHBER 31 , 1~1 IS COMPOSED OF THE FOLLO~/INO: NANE AND ApORESS OF SUPPlieR J~HERICAN BANK NOTE COf4PANY GARRISON AVENUE AND TIFFANY STREET HUNTS POINT~ BRONX NEW YORK U.S, TIRE SUPPLY COMPANY 675 - ilTH AVENUE H¢w YORKe NEW YORK VARIOUS AUT¢~40~ILE DEALERS OESFRI,PTZON J.~ STOCK CERTIFICATES TIRES LOCKS, HIRRORS ANO KITS 33,700 9 TOTAL h,628.39 213.6~ l:L2 0:~-~00
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q 3~A(~- INACTIVE GENERAL FACTORY SUPPLIES OCCEHBER 31, 1951 THE DEBIT BALANC£ OF THIS ACCOUNT R[PR£S£NTS THE VALUE OF INACTIVE G[NERAL FACTORY SUPPbI¢S STORED AT TRENTON BRANCH. THIS ACCOUNT RECORDS: 1 - D£BITS FOR: A- VOUCHER REGISTER CHARGES COVERING NAT¢RIALS PURCHASED AND STORED AT TRENTON BRANCH, 2 *CR¢DITS FOR; A- DEBITS TO ACCOUNT No. "6~7.2- VACANT PROPERTY EXPEN$¢- CIGARS" FOR INACTIVE GEH[RAL FACTORY SUPPLIES USED AT TRENTON BRANCH. THE ORBIT BALANCE AT DrCEMBER 31, 19~1 IS COkIPOSI[D OF THE FOLLOWING: INACTIVE GEN¢RAL FACTORY SUPPLIES AT TRENTON BRANCH: 1 WELLS AUTO HEATER ~ 1/2V ~0.~1 2 TONS OF COAL 2~,O11 7,T~GALLONS OF FUEL OIL ~9.62 12 COLSOH CASTERS TOTAL f-ll;~O 1
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r i... 36A70- PO~TAC-,~ .S.TAHPS D[CrHBER 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPREStNTS THE VALUE OF POSTAGE STAMPS ON HAND ANt) UNUSED POSTAGE HET£R MACHINE LOADINGS CONTAINED IN HACHINES LOCATED AT 111 FIRTH AVENUE, NEW ~ORK, NEW YORKe THIS ACCOUNT RECORDS: 1 - OEOITS FORI A- VOUCHE~ RECORDED IN THE VOUCHER REGISTER COVERING THE PURCHASE O~ IHPRESSlONS, fROM THE POST OFFICE DEPARTHENTI fOR USE IN POSTAGE HET£R HACHIN[Se ~- VOUCHERS RECORDED IN THE VOUCHER BEG ISTER COVERING THE REPLENISHH[NT OF DEPOSIT AT THE GENERAL POST OfFiCE FOR USE OF DIVIDEND ENCLOSURE HACHINE IN HAILING PREFERRED AND COMMON OIVIDENDSe C- CREDITS TO VARIOUS ACCOUNTS COVERING POSTAGE STAHPS TURNED OVER TO THE MAIL DEPARTMENT WHICH ~JI[RE PURCHASED BY THE CO~(PANY FOR SPECIAL PURPOSES AND NOT USEOo 2 - CREDITS fOR MOHTHLY CHARGES TO VARIOUS ACCOUNTS fOR VALUE Or POSTAGE STAMPS AND POSTAGE METER IHPRESSIONS USED DURING THE HONTH ON THE BASIS OF INFORMATION SUP- PLIED OY THE NAILING ~EPARTHCNT, THE DI[BIT BALANCE AT DECEHBER ~1, 1~ IS CO04POS[O OF THE FOLLOWING: 111FIETH AVENU~a NEW YO~Kj NZV Y?RK: 9TH FLOOR ~/IAILINO DEPARTNENT PITNEY Bovts SIX DENOMINATION [q(XZR NO. ~97~ PITNEY Bowzs OMNI.ETZR NO. 1837~9 TOTAL f=l 1" ~ 0 "1 ~..t4 0255502
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,hi 36A~- SHIPMENTS IN TRANSIT DCC£NB£R 31, 1951 THE DESIT BALANC£ OF THIS ACCOUNT REPRESENTS THE VALUE OF SHIPMENTS IN TRANSIT FRO#4 SUPPLIERS FOR %/ttlCH VALUE THE COMPANY IS LIABLE TO THE SUPPLIERS p BASED UPON THE TERMS OF PURCHASE OF THE MATERIALS • THIS ACCOUNT RECORDS: - DEBITS FOR CREDITS TO ACCOUNT NO, w2OLl~- SUNDRY ACCOtlNTS PAYABLEM TO RECORD INVOICES COVERING MAT[RIAL IN TRANSIT AT THE END OF THE MONTH WHICH VERE NOT RECORDED ON THE BRANCH OR NEW YORK OffiCE BOOKS UNTIL SUBSEQUENT MONTHS, - CREDITS FOR DEBITS TO ACCOUNT NO• I~OL~- SUNDRY ACCOUNTS PAYABLEn TO REVERSE ENTRIES fOR SHIPMENTS IN TRANSIT PREVIOUSLY RECORDED IN THIS ACCOUNT, THERE WAS NO BALANCE IN THIS ACCOUNT AT DECEHBER 31B 1951. 19I'MO 1 :1i5 0255503
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.i {: jJ ~ -~OA50- AH[RICAN CIGARETTE AND CIGAR C0HPARY DEC~I4BER 31, 19'~1 TH£ DEBIT BALANCE OF THIS ACCOUNT RgPRESENTS THE NET AMOUNT DUE ON CURRENT ACCOUNT FROM THE AM[RIGAN CIGARETTE AND CIGAR COMPANY. THIS ACCOUNT RECORDS: - OCBITB FOR: A* BILLINGS R¢NOERED UNDER THE PROVIIIOMS OF THE AHEHDATOR¥ AGR[EHEHT OF D[CEM~[R ~gt 19~9, CONCERNING THE MANUFACTUREp STORAGE AND SHIPMENT OR DELIVERY OF PALL HALL CIGARCTTEB. (1) ACCOUNT NO. "27A10- FINISHED GOODSw IS CREDITED VITH THE COST Or PALL HALL CIGARETTES SOLO TO AMERICAN CIGARETTE AND CIGAR COMPANyo THE CIGARETTCS ARE CREDITED AT AVERAGE COSTS ARRIVES AT BY C O#4BINING THE CURRENT MO~TMIS COSTS ~ITM THe ON HAND AT BRAHCH[S AND IN TRANSIT TO WAREHOUSES AT THE END OF THE PREVIOUS MONTH. (2) ACCOUNT NO. "27A18- INTERNAL REveNuE STAMPS - FINISHED GOODS" IS CREDITED FOR THE REVENUC STAMP VALUC OF ALL TAX--PAID CIGARETTES SOLO TO AMERICAN CIGARCTTC AND CIGAR COt~PANV. (~) ACCOUNT NO, U~A~- TAX STAMPS - OTHERS" IS CREDITED FOR THE VALUE OF PUERTO RICAN RRYENUE STAMPS ATTACHED TO CIGARETTES SOLD TO AMERICAN CIGARETT¢ AND C |GAB CO#4PANY FOR SHIPMENT TO PUERTO RICO. (~) ACCOUNT NO, "~0~- PROFIT 0*4 PALL I4ALL CIGARETTES SOLO TO AMERICAN CIGAR[T;£ AND CIGAR COt4PANVI IS CREDITED IN 1~1 WITH INTEREST ON LEAF AT ~l~ PER CENT OF LeAf VALUE AND PROFIT AT ~ CENTS PER THOUSAND APPLICABLE TO CIGARETTCS SOLO TO AMERICAN CIGARETTE AND CIGAR COHPANY. B- CHARGES FROM VARIOUS BRANCHES REPRESENTING SUNDRY EXPENSES INCURRED BY BRANCHES APPLICABLE TO AHER|CAN CIGARETTC AND CIGAR COMPANY. C* CREO|TS TO VARIOUS ACCOUNTS FOR CR[DIT MEMORANDA RECEIVED FROM AMERICAN CIGARETTE AND CIGAR COt4PANT RECORDED IN OUR VOt.)CM[R BCGISTER, O- CREDITS TO ACCOUNT NO. "10A10- CASH IN BANKSM FOR REHITTANCES MADE TO AMERICAN CIGARETTE AND CIGAR CO#4PANY IN PAYMENT OF THCIR INVOICES RECORDED IN OUR VOUCHER REGIST£R, [- CREDITS TO ACCOUNT NO. "20L10- ACCOUNTS PAYABLE" FOR VARIOUS CHARGES ON VOUCHERS ENTERED IN THE VOUCHER REGISTCR APPLICABLE TO AHERICAN CIGARETTE AND CIGAR COf4PANY, F- ~ONTHLY CNCO|TS TO ACCOUNT HO. m~*2- SA~ES TO CUSTOM¢RS -- CIGARSN tON TMC ~IST PRICe, LESS TRADE DISCOUNTw OF VARIO#JS HAVANA LINE CIGARS ~IICH ARC MANUFACTUR[O AT PHILADELPHIA BRANCHp AND SOLD EXCLUS|YI~LY TO AMERICAN CIGARETT[ AND CIGAR COMPANYe AS REPORTED ON PHILADELPHIA BRANCH F.F. ~]. G" ~ONTHLY CREDIT TO ACCOUNT NO. W2~AB~- SALESMENIS RETURNED GOODS" FOR AMOUNT PAID TO SALESMEN FOR PALL HALL CIGARETTCB RETURNED BY THEM TO ~JRHAH ~RANCH BKBVIC[ DEPARTMENT DURING THE MONTH. (CONTINUCD) ~T~401 1IG
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i 4 ~OASO- AMERICAN CIGARETTE AND CIGAR COHPANY PAGE 2 H- MONTHLY CREDIT TO ACCOUNT NO, "~7.2- VACANT PROPERTY EXPENSE - CIGARSu COVERING RENT FOR LAND AND BUILDINGS ATTAMPAm FLORIDA SUBLEASED TO HENRY CLAY AND BOOK COHPANYp LINITEOe 2 - CREDITS FOR: A- DEBITS TO VARIOUS ACCOUNTS FOR INVOICES RECEIVEO FROH /~HERICAN CIGARETTE AND CIGAR CONPANY AND RECORDED IN OUR VOUCHER REG IST£R, B- DEe ITS TO ACCOUNT NOSe uIC~lO- CASH IN BANKSM OR I10~O- UNAPPLIEO CASH COLLECTIONSu FOR REMITTANCES RECEIVED FROH AMERICAN CIGARETTE AND CIGAR COHPANY IN PAYNENT Or OUR INVOICES, C- 0£o ITS TO ACCOUNT NO. "~OA51- AN[RICAN CIGARETTE AND CIGAR COHPANY - SPECIAL ACCOUNT" TO TRANSFER THE BALANCE OF UNPAID INVOICES WHICH ARE DUE ON THE TENTH Or THE NONTH AND ON ~HICH ANERICAN CIGARETTE AND CIGAR COHPAHY HAS [L[CTEO TO VITNHOLO PAYMENTe 0- MISCELLANEOUS DEBITS TO VARIOUS ACCOUNTS FOR TRANSACTIONS NOT COVERED IN THE FORE~ GOING PARAQRAPHSe THE DEBIT BALANCE AT DECEMBER 31~ 1~1 IS COHPOSEO OF THE FOLLO~INGI THE ANERICAN TOBACCO COHPANY INVOICES AND CREDIT MENORANOA: , ~ OESCRIPTIO~I AJ,.IOUN.__.~T DECEMBER 1~ NEW YORK OFFICE 11,10 DEC¢NBER 21 NEW YORK OffiCE .3~ DECEMBER 21 NEV YORK OfFiCE ihh.T~ DECENBER 28 NEW YORK OFFICE 3,694.89 D¢CE.aER 28 NLrwyo~K OffiCE 299.01 OECEHOER 2B NCWYOBK OffiCE 75~o~0 OECENeER 28 NEW YORK Orrmct 17.96 OECENOER 2B N£V YORK O~'rlCE 181.(X) OEC¢MBER 2~ NEW YORK OffiCE heOh DECEMBER 28 N¢w YO~K OffiCE 7,32 OECEHBER 28 N£W yORK OfFicE 9,0~ OECEHBER 31 NEW YOBK O~rlCE 75.~O DCcENecR 31 NEW YORK Orrlcc 1.50 DECENeER 31 NEV YOnK O~PICE 325,3T DECENBER 31 NEV YORK OFFICE 10,00 D¢C£MB¢R 31 NEv YOaK Orrmc¢ 2,233.62 O£CENBER ~1 NEW YORK OFFICE ,~.el3 OECENIER 31 NEw Yoex (>'rICE 1,32 DECENBER 31 NEW YOBx Office 3.3~ D¢CCNSER 31 NEW YORR OrrlcE 16.68 DECCNBER 31 NEw Yo~tx OrrlC¢ 2,012.35 OECENOER 31 NEw YORK OFFICE 31.53 D¢CENKR 31 N~YoRK Orrmc¢ 130.OO OECE.BER 31 NEw YOBx Office 3.O6 DEC¢NSE. 31 NEw YOmK Orrlc¢ 5.31 (CONTINU¢O) f~lNO 1 ~-"[. _ Jr 0255505
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i -)4OA50- AI~RICAN CIGARETTE AND CIGAR CQHP~Y DECEMBER 31. 1951 PAG[ 3 D¢CCNSCR 31 D[C[NSCR 31 DZ¢[Me[R 31 DEC[.R[R 31 D[¢EHB[R 31 DCCC~CR 31 DCC¢MSCR 31 OC¢¢HO¢R 31 DCCCNBCR 31 DCO£NO£R 31 DEC[NSCR 31 DEC£NB£R 31 DCCEHBER 3I D[C[HB¢R 31 D¢¢[HB[R 31 D[CCHRCR 31 D£C[HB£R 31 DCC[NO¢R 31 D[¢[HB[R 31 D¢C£NB[R 31 B£C[NW[R 31 DCC£HR£R 31 DCC£HOCR 31 D£C£NR[R 31 D£C£NB£R 31 D£¢[NB£R 3! D£CCHBCR 31 D[C[HBIR 31 D£C¢He£R 31 DCC£NB£R 29 D£CCHOCR 31 OE¢£NBER 31 D£¢[NR£R 3i D£C£NB[R 31 D[C£HR£R 31 DECENBER 31 DCCCHOCR 31 DCC£MB£R 31 B£C¢NB£R 31 Dec[MOOR 31 D¢C[NB£R 31 D¢CCHS¢R 31 O£¢[MB[R 31 D(CCNG[R 31 D(C(.B[R 31 D£C£NS£R 31 D£¢£HB[R 31 B£C[MB(R 31 DCC£MOCR 31 D(C¢NR£R 31 D£C£NB£R 31 DC¢CNO[R 31 D£¢£NB£R 31 D£CCHB£R 31 DgC£NB£R 31 OEcCHe[n 31 DF~SCRIPTION AMOUNT NOW YORK OrrlC£ 581.41 Nov YORK Orrlc£ 396.50 NEW YORK Orrlc£ 85~.70 NEW YORK OrrlC[ 9.00 New YORK OFFICE 361.33 HEY YORK OFFICE 236.00 N(w YORK OrrlC( 2~.31 N£V YORK OrtlC[ 122.~O N£w YORK OFFIC[ 15.27 N£v YORK OFFIC[ .29 NEV YORK OFFIC¢ 1,216.5~ NEW YORK OFFIC[ 20.53 NL~/YoRK OFFICE 22,257.~0 N(V YORK Orrlc( 1,56~.1~ N£W YORK OrrlC£ 138.92 N£v YORK Orrlc£ 1,O30,977.05 N£v YORK Orrtc[ 292.~20.~ NOV YORK OFFice T5.23 N~YoRK OFFice 80.00 NEW YORK OFFIC£ h,223.27 NEw YORK OFFIC£ ~o7.3o NEW YORK OFFICE 12,22 N(v YORK OFFIC¢ 76.91 NOV YORK OFFiCe 532.77 NEW YORK OFFICE h91.76 NeW YORK Orrlc¢ k3,310.55 NOV YORK Orrlc£ 18,833.08 NEW YORK O~FI¢¢ 1,~.36 N~v YoRK Orrlc£ 569.95 N£WYoRK Orrl¢( 39.~ NEV YORK OrrlCC 1,50 HEY YORK Orrlc( 75.28 N(w YORK OrFIC( 12.34 N[W YORK OrrlC£ 76.32 New YORK Orrlc£ 137.37 New YORK OFFIC£ 286.33 NEW YORK OFFICE ~.20 DURHAN BRANCH 31.71 DURHAN BRANCH 121.60 DURHAH BRANCH 9.~ DURHAN BRANCH 3%72 DURHAN BRANCH 518.h9 DURHAM BRANCH .10 DURHAM BRANCH 1,937.36 LOUISVlLL£ BRANCH hl.63 LOUIIVILL( BRANCH ~0.23 LOUISVlLL¢ BRANCH 3.53 LOUIS¥1LL£ BRANCH 828.83 PHILAO[LPN*A BRANCH 1,688.67 PHILADELPHIA BRANCH ~90.87 PHILAOELPNIA BRANCH k9.39 VIRGINIA BRANCH 73.85 VIRGINIA BRANCH 18,13 VIRGINIA BRANCH .75 VIRGINIA BRANCH 1,~29.12 VIRGINIA BRANCH 23.29 VIRGINIA BRANCH I~ (¢ONT'NUEO) I ,~3o,61 ~.32 RI'~O 1 02 Bt~506
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r ,liOASO- AMERICAN cIGARETTE AND CIGAR COMPANY OCCE~R 31, 1951 PAO[ LESS: . AMERICAN C|GARETT[ AND CIGAR COMPANY INVOICES AND CR[OIT MEMORANDA: p,,,K$CRIPT~OK AMOUN.._~T DECEMBER 6 NEW YORK Office 303.~ DECEMBER ~3 NEW YORK OFFICE 6To.a6 DECEMBER 13 NOV YORK OrrlcE E~5.~ OCCEMOER 20 NEV YORK Orrmc¢ 227.~ DECEMBER 21 NEv YORK OFFICE ~O~.98 DECEMBER 18 NEM YORK Office 1,2~5.~0 DECEMBER 18 NEw YORK OfFiCE 72~.00 DECEMKR 31 N[v YORK OffiCE 300.72 DECEMBER ~1 NEM YORK Orrlc¢ 5~.~0 DECEMBER 19 Ntv YORK OFFICE 2.5~ DECEMBER ~1 NEW YORK Office ~o2T OEccMe¢e 13 NEv YORK OFFICE ~3.97 NOVEMBER 30 N~w YORK OFrmcE 1,O23o93 DECEMBER ~ NEV YORK Office 98.0~ DECEMBER ~ NEW YORK OFfiCE ~.IO DECEMBER ~ NEV YORK OFFICE ~.~I DECEMBER 10 NEv Yo~K OffiCE ~.0~ DECEMBER 10 NEv YORK OfFicE 8.~3 DECEMBER 10 NEW YORK OfFiCE ~.2~ DECEMBER 12 NEV YORK OFfiCE 8.5~ DECEMBER 13 NEw YORK OFfiCE ~3.00 DECEMBER 13 NEw YORK OFFICE 8.53 DECEMBER I~ NEW YORK OFFICE ~t~l DECEMBER 1~ NEw YORK Office 17.86 DECEMRER lh NEM YORK Office 8.~ DECEMBER 17 NEW YORK OfFiCE 8.53 DECEMBER 17 NOV YORK OFFICE 11.91 DECEMBER 18 NEM YORK Orr=c~ 7.68 DECEMBER 18 NEW YORK OfFiCE 3.51 DZCEI.,BER 18 NEw YORK Ovrtc¢ h5.96 DECEMBER 20 NEW YORK OFFICE 23,81 DECEMBER 31 NEw YORK Orrlcf ~.2~ DECEMBER 31 N¢w YORK OFficE 6.13 DECE~ER 1~ NCW YORK OrrtcE ~.62 DECE~ER 3 NEw YORK OFFICE 3.T5 DECEMBER lh NEw YORK O~FICE kol~ DECEMBER 2~ NEW YORK OFFICE ~8.19 NOVEMBER 30 NEW YORK OfFiCE 3~.88 NOVEMBER ~0 NEW YORK OFFICE °81 D£¢CMBER ~ NEW YORK (Write 1,212.2~ DECE~ER 31 NEW YORK Office 12~.25 DECEMBER 18 NEW YORK Office 1.~)8 NOVEMBER ~0 NEW YORK O~FtCE ~0.0~ NOVEMBER 30 NEW YORK OfFiCE 8.70 DECEMBER 5 NEW. YORK Orrtc¢ 1,212.25 DECEMBER 31 NEW YORK Ort|¢E 125.2~ DECEMBER ~1 NEw YORK OFFICE 32.21 (CONTINUED) RI" ~0 "1 ~.1.9 0255 - 50,,"
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-r- I f ~., 4 hOASO- AMERICAN C|GARETTE AND CIGAR COMPANY DccrMeCR 3~, ~951 PAQ[ DEC¢~mER 31 DCC[.e[R 31 DtC[.SZR 31 D[CE.eER 31 DCC[MeER 31 D[C¢,B[R 31 D[C[HBER D[BIT I~ALANCr DII[C[MDrR 31, 19'~1 D[$CRIPTION N[w YORK OFFIC[ NEW YORK OrFIC[ N[w YORK Orrl¢[ N[w YORK OFFI¢£ OURHAM ~RANCH LOUISVlLL[ 8RANCH N[w YORK OFFIC[ AMOUN~ 72,00 917.h9 29.7~ 227.98 9.16 60.04 FII~O I
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~OA~I ° AHERICAN CIGARETTE AND CIGAR C0&tPANY - SPECIAL ACCOUhrl" DECEHBCR 31, 1951 THIS ACCOUNT R[CORDS AHOUHTS DUE FOR CURRENT PURCHASES AND SERVICES REND£REO ON VHICHAHERICAN CIGARETTE AND CIGAR COf4PANY HAS ELECTED TO WITHHOLD PAYMENT UP TO AN ADDITIONAL NINETY DAYS B[YOND THE TENTH OF THE NONTH FOLLO~'ING TH[ HONTH IN WHICH INVOICES WIRE RENDEREDw SUBJECT TO INTEREST AT CURRENT BANK RATES for THE ADDITIONAL PERIOD, IN ACCORDANCE ~ITH AGREENEN't" OAT[O JUNE 25, 19~6, THIS ACCOUNT RECORDS| 1 - DEBITS FOR: A- CREDITS TO ACCOUNT NO. u~(~50- AMERICAN CIGARETTE AND CIGAR COHPANYI TO TRANSFER THE BALANCE OF UNPAID INVOICES WHICH ARE DUE ON THE TENTH OF THt MONTH AND ON ~rHICH AHERICAN CIGARETTE AND CIGAR COHPANY HAS ELECTED TO WITHHOLD pAYI.I[NT. B- CREDITS TO ACCOUNT NO. ~)~- |NTERtST, EXCHANGE AND DISCOUNT REC£|VEDI SUBACCOUNT NO, 13- INTEREST ON ACCOUNT RECEIVABLE FROH AMERIC~ CIGARETTE AND CIGAR COHRANTw TO RECORD INTEREST ACCRUED IN ACCORDANCE WITH AGREEHEHT DATED JUNE 25, 19~6. 2 - CREDITS FOR DEBITS TO ACCOUNT NOt WlOAlO- CASH IN BANKSI TO RECORD PAYI4EI~rS R[CEIVEO FROH ANERICAN CIGARETTE AND CIGAR COt4PANY OF AMOUNTS DUEt TH[R( WAS NO BALANCE IN THIS ACCOUNT AT D[CEMB[R 31 t 19~1. R]~01
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I - ! ...... i / --H b, OA53° HENRY CLAY AND SOCK & CGHPANY, LIMITED DECEH~R 31, 1951 THE CREDIT BALANCE; 0F THIS ACCOUNT REPRESENTS YHI[ NET AHOUHT DUE ON CURRENT ACCOUNT TO HENRY CLAY AND ~OCK A- COHPANYp LIMITED. THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- DEBITS TO VARIOUS BRANCHES AND OTHE;R ACCOUNTS FOR INVOICES RECEIVED FROM HENRY CLAY AND ~OCK & COHPANYp LIMITEDt RECORDED IN THE VOUCHER REGISTER OR ON FACTORY FORMS 1~. B- DEBITS TO ACCOUNT NoB. tlOAlO- CASH IN BANKSw OR =IOA~O- UNAPPLIEO CASH COLLECTIONSI FOR REMITTANCES RECEIVED FROM HENRY CLAY AND SOCK & COMPANYs LIHITEDj TO COVER PAYHENT or OUR INVOICES TO THEMe 2 - DEBITS FOR: A" CHARGES FROM VARIOUS BRANCHES COVERING SUNDRY EXPENS¢$ INCURRED BY THE BRANCHES APPLICABL[ TO HENRY CLAY AND SOCK ~ COHPANYp LIMIT£0e B" CREDITS TO VARIOUS ACCOUNTS FOR CREDIT MEMORANDA RECEIVED FROH HENRY CLAY ANt> SOCK & COMPANYI LIMITEO~ AND RECORDED IN THE VOUCHER REGISTER. C" CREDITS TO ACCOUNT NO. IIOA10- CASH IN BANKSu FOR PAYMENTS MADE TO HENRY CLAY AND SOCK & COMPANYj LIMITED, IN SETTLEMENT OF THEIR INVOICES. D- CREDITS TO ACCOUNT NO. a2OL10- ACCOUNTS PAYABL[I FOR VARIOUS CHARGES ON VOUCHERS ENTERED IN OUR VOUCHER RE;GISTER APPLICABLE TO HENRY CLAY AND BOOK COMPANY, LIMITED* E- CREDITS TO VARIOUS ACCOUNT8 FOR BILLS RENDERED TO HENRY CLAY AND SOCK ~ C~PANYD LIMITED, COVERING MISCELLANEOUS CHARG¢S APPLICABL£ TO THEIR ACCOUNTSe THE CREDIT BALANCE AT DECEMBER 31 ~ 1951 IS COMPOSED OF THI[ FOLLOWING: HENRY CLAY AND BOCK & COMPANY, LIMITr.Op INVOICES AND CRE;DIT M[MORANOA: VOUCHER R¢GISTER NOV=~ER 30 2h.88 NOVENDER 30 2.9~ NOVEMBER 30 5~,00 NOVENDtR 3O 1 ,~38.98 NOV¢MBE;R 30 1,310.11 NOVENDCR 30 13.88 NOVE;MSE;t 30 3.90 NOVEMBER 30 26.~ DECE;MBER 11 65.17 DECEMBER 11 20.~0 (CONTINUED) RI~01
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ltOA53- HENRy CLAY AND BOCK & CCHPANY, LIHIT[D DECENBgR 31 , 1 951 PAGE 2 VoucHeR R¢GIST¢R (Co~INUEO) DECEMB¢R I~ h,2~2.00 OECEMB¢R 17 56.27 DECEMBER 18 3.36 OECEMBER 20 89.~ DECEMBER 21 1~3.17 DECEMBER 30 87.9h DECEMBER 31 59.31 DECEMBER 31 61.~6 DECEMBER 31 581.h6 DECEMBER 31 2.99 DECEMSC. 31 59.11 D¢CEMBER 31 15.OO LESS= THE AMERICAN TOBACCO COMPANY INVOICES AND CREDIT H[MORANOA= ~AR ~¢STON B,A,;H DECEMBER lO ~8.01 DURHAM BFANgH DECEMBER 31 ,,~1 .18 PHILADELPHIA BRANCH DECEMBER 7 13,5"{ DECEMBER 19 38.23 DECEMBER 19 23,O6 DECEMBER 20 38.53 NEw yORK LEAF DEPARTMENT DECEMBER 1 ~ 2,O53.26 SCRANTON BRANCH DECEMBER 5 8.86 NEW YgRK Orr!cE OtCt.eE, 20 380.00 DECEMBER 27 .26 DECEMBER 28 .03 DECEMBER 28 5.22 DECEMBER 28 b7.06 OzcgMeZR 31 1,369,b5 DECEMBER 31 1.b61.29 D¢CENB£R 31 71.20 DECE.B¢. 31 85,09 DECEM.ER 3! 501.39 OccE~Ea 31 13.28 DEEENBER 31 6b,.13 (CowrmNUEO) "{,870,65 r11o 02 555. 11
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~4 b, OA~3- HENRY CLAY AND BOCK k COHPANYm LIMITED DCCEH~.R 31, 1951 PAG[ N[v YORK Orrlc[ (Co~lNU[O} DICCMeCR 31 172.31 D[CCNeCR 31 6o98 Occ[.e[~ 31 CR[OIT BALAN¢[ D(¢EHS[R 31, 1951 f~ T ~01 02 _'S. S% 1 ""
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- i /1 b,~.lO- SOCIETE ANONYHE DES PAPETCRIES DE I,,~.UOUIT ~5A1.~- SOCIETE ANONY'kE: DES PAP'ETERIES DE HAUOUIT LOAN ACCOUNT ~5A17- PROVISION FOR LOSS ON AHOUNTS RECEIVABLE FROH SOCIETE ANONYH( DES PAPL-TERIES DE HAUOUIT DECEHBER 31, 19~1 THE I~kLANCE$ OFTHESE ACCOUNTS REPRESIP-NTEO THE IrOLLO~/ING: 1 - ACCOUNT No, 1)5A10 - THE AHOUNT DUE FROkl SO¢IETE ANONVHE Drs PAPETERIES DE HAUOUIT ON CURRENT ACCOUNT 2 - ACCOUNT NO. ~AI~ - THE AHOUNT OF UNITED STATES DOLLARS ADVANCED TO SOCILPTE ANDNYHE DES PAPETERIES DE MAUDUIT~ REPAYABLE BY THEN IN UNITED STATES DOLLARS 3 " ACCOUNT NO, ~A17 - A RESERVE FOR POSSIBLE: LOSSES Or AHOUNTS DUE FRO#4 SOClETE ANONY)4E DES PAPETERI£S DE HAUDUIT. THE CREDIT BALANCI[ OF THIS ACCOUNT FULLY OFFSET THE DEBIT BALANCE IN ACCOUNT NO. }i~J~lO AND PARTIALLY orrsrT THE DEBIT BALANCE IN ACCOUNT NO, 1t~A15o SOCIET¢ ANONYHE DES PAPETERIE$ DE ~UOUIT VAS SOLD ON FEBRUARY 7~ 19~1 TO PIET£R J. SCH~EITZERB INCORPORATED FOR ~K~,000 OF WHICH ~2s2~O*(X) REPRESENTED THE SALES PRICE OF THE RECEIVABLE* THESE ACCOUNTS RECORDED: 1- ACCOUNT NO. ~5A10 A- DEBITS FOR CREDITS TO VAR|OUS ACCO4JNTS COVERING INSURANCE PREMIUNS AND OTN(R PAY!q£NT$ MADE FOR THE ACCOUNT OF SOCI(TE ANONYHE DES PAPETERIES DE HAUDUIT. B- CREDIT IN 19h5 FOR DEBIT TO ACCOUNT NO. =~0Lll- PROVISION FOR ADVERTISING - FRANCE SALESI TO COVER BILLING FRO~4 S OCIETE ANONYH[ DES PARETERI($ DE MAUDUIT FOR PAYNENT BY THEN FOR ACCOUNT OF THE AMERICAN TOBACCO CONRANY. C- CREDIT I~ 1951 TO ADJUST BALANCE IN THIS ACCOUNT TO AHOUNT STATED IN DECENBER 21, 1950 AGREEHENT WITH PETER J, SCHVEITZERm INCORPORATED D" CREDIT TO RECORD SALE OF ASSET TO PETER Jj SCHV(ITZERp INCORPORATED 2- ACCOUNT NO. hSA15 A- DEBITS FOR DOLLARS OR DOLLAR COST OF FRANCS ADVANCED BY THE AHERICAN TOeACCO CO#4PANV AS LOANS TO SOCIETE ANONYME DES PAPETER|ES DE HAUOUIT B" DEBITB FOR AHOUNT DUE DE MAUOUIT PAPER COHPORATION FRO~4 SOClETE ANONYHE DES PAPETERI[S O£ HAUOUIT. ON DISSOLUTION OF DE HAUOUIT PAPER CORPORATION JUNE 25, 19~1 o THE AMERICAN TOeACCO COMPANY ACQUIRED THIS ASSET* C" CREDIT FOR JULY 19~0 TRANSFER rROH ACCOUNT NO, "~1~- PROVISION FOR CIGARETTE RAPER RESEARCH - EXPENSEff FOR AN ACCRUAL PAYABLE TO So¢1¢1r£ ANONYHE DES PAPETERIES DE HAUOU|T FOR PROFESSOR BROTIS FEEl FRO$4 MAY 1 TO JUNE 17, 1~o D- CREDIT FOR DOLLAR RERAYHENT$ OR DOLLAR RAYNENTS FOR OUR ACCOUNT HAUE BY SOC|(T[ A~K)NYHE DES PAPET(RIES DE HAUDUIT~ E° CREDIT TO RECORD SALE Or ASSET TO P~'TER J. SCFI~/EITZERp INCORPORATED (CONTINUED) RI';~O 1 125 02 555 '! 3
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1t5A10-SOCIETE ANONYI~ DES PAP£TERIES DE HALIOUIT b,~,l~-SOCIETE ANONYI,,E DES PAPETrRIES DE P, AUOUIT LOAN ACCOUNT 45A17- PROVISION FOR LOSS ON AMOUNTS RECEIVABLE FROH $OCIETE ANONYI~ DES PAPETERIES DE 14AUOUIT DECEIdBER 31, 19~1 PAGE 2 3- ACCOUNT NO. b,~17 A- CREDIT FOR DEBIT TO ACCOUNT NO. II~A20- PROVISION FOR LOSS ON ANOUNT$ DUE FROM VHOLLY O~/NEO FOREIGN SU6SlDIARIE8" TO RECORD IN I~7 OF PROV,SlON FOR LOSS ON A.OUNTS RECEIVABLE FROM $O¢1ET£ ANONYHE DES PAPETERIES Dr HAUDUITw '~/HICH COHPAtIY BECAHE A PARTLY O~'N[O FOREIGN BUBSlDIAJRY IN 19h7. B" CREDITS FOR AHOUNTS PROVIDED TO COVER POSSIBLE LOSSES ON AMOUNTS RECEIVABLE rRoN SOClETE ANONYME orb pAprT£RIES DE MAUOUIT. C- DEBITS FOR REVERSAL Or AHOUNTS pRFYIO(JSLY PROVIDED, VHEN BUCH PROVISION ~4AS NO LONGER REQU|REO. D- DEBIT IN 1~8 FOR CREDIT TO ACCOUNT NO. =810" WRITE-OFF O(r |NYESTHENT IN AND ACCOUNT RrcEIVABL~ FROt~ SO¢IETE ANON~HE DES PAPLrTERIES DE MAUOUIT FOR THE AXOUNT OF 19~~ FEDERAL iNCO~NE AND EXCESS PROFITS TAXES AND INTEREST THEREON APPLICABLE TO t/AR LOSS RECOVERIES IN 19];~, ACCRUED IN 1~8 AFTER VALUATION BY THE INTERNAL REVENIJE AGENT. E- DEBITS FOR WRITE-OFF AGAINST THE ASSET ACCOUNT VHIEN THE ASSET VAS SOLO AND ACTUAL LOSS WAS :SUSTAINED* A SUMNARY ANALYSIS OF TRANSACTIONS IN THESE ACCOUNTS FOR THE YEAR 19~1 FOLLOW: DCeIT BALANCE JANUARY 1, 19~I ACCOUNT No. AccOuNT No. ACCOUNT No. . ~.I~ ~AIT TOT*L 37,571.9o 8e9,7oo.35 19~1 TRANSACTIONS= pAyNEN~'NADE BY SOCIETE ANONYt4[ DES PAPETERIEB DE ~UDUIT TO ~ORGAN ClE FOR [XPEN$£8 INCURRED FOR THE AXERICAN TOBACCO CO414pANY ACCOUNT ADJUST ACCOUNT BALANCES TO ANOUNT BTATEO IN DECCMeER 21, 1950 AOREENENT VITH PETER J~ SCH~4EI~ZER WRITE-OFF OF PROVISION ACCOUNT AT TINE OF SALE SALES PRICE LOSS CHARGED TO ACCOUNT NO. "~- DO~TFUL ACCO(JNTS AND BILLS WRITTEN OFFI BALANCE DECEMBER :~I, 19~1 Ill .16 Ill .16 8o2.36 ~ .36 36.769.% 2~8,h86.~,8 z85.z%.o2 -0" 581,172.71 -O- l,,~,2hO. OO 98,932,71 -o- ..,'~ ...... -0- ~ -o-, 581,17Z.71 ~,8,?, zb, o. DO 98,9~Z.71 126 R]':~O 1 02 ~_'5. 514..
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":1 IJSA10-- SINKING FUND CASH IN HANDS Of" TRUSTIER - TWI[NTY YEAR ~g DI[~E;NTURES MATURING APRIL 15, 1962 DECEMBER ~1, 1~i THE D[SlT BALANCE OF THIS ACCOUNT REPRESENTS CASH IN HANDS OF GUARANTY TRUST C Ot4PANY Of NEw YORKp TRUSTEE UNDER INDENTURE 04r APRIL 1 ~, 1 ~2j TO BE APPLIED TO THE PURCHASE OR R[D[HPTION OF TVCNTY YEAR ~ O(G[HTURES MATURING APRIL 15t 1~2) THROUGH THE OPERATION OF THE SINKING FUND. 1o SINKING FUND ACCOUNT CASH |N HANDS OF THE 81NK|NG FUND TRUSTEE VHICN HAS NOT BEEN SET ASIDE IN A REDEMPTION ACCOUNT TO COVER PRINCIPAL AND PREMIUM OH DEBENTURES CALLED FOR R[O[MPTIONe 2. REDeMPTION, ACCOUnT e01 PAR VALUE OF DEBENTURES CALLED BUT NQT O[~OS|T[D CASH VHICN HAS BE[N TRANSFERRED BY THE SINKING FUND TRUSTEE TO A R[O[NPT|ON ACCOUNT BUT NOT YET EXP[NDEO FOR PRINCIPAL OF DEBENTURES CALLED FOR REDEMPTIONo .02 PR[HIUt,I ON DEBENTURES C~LL[D ~UT NOT pEP051T[O CASH WHICH HAS BEEN TRANSFERRED BY THE SINKING FUND TRUSTEE TO A REDEMPTIOn/ ACCOUNT BUT NOT YET EXPENDED FOR PREMIUt4 ON DEBENTURES CALLED FOR R£DEMPTION. tO3 OFFSET ACCOUNT THIS ACCOUNT IS CREDITED. AS OF THE EFF£CTIV[ CALL OATESl WITH THE AHOUNT OF PRINCIPAL AND PREHIUt4 ON DEBENTURES CALLED FOR REDEMPTION D Y THE SINKING FUND TRUST[[, THIS ACCOUNT IS DEBITED WITH THE AMOUNT OF PRINCIPAL AND PR[MIUI< ACTUALLY EXPENDED BY THE SINKING FUND TRUST[[ FOR REDEMPTION Of CALLED DEBENTURES. THE CREDIT BALANCE OF THIS ACCOUNTs AFTER TH[ [FF[CTIV[ DATE OF EACH CALL FOR REDEMPTIONo REPRESENTS AN OFFSET TO THE DEBIT BALANCES OF SUBACCOUNTS ,O1 AND o02o A SUMMARY ANALYSIS or TRANSACTIONS FOR THE YEAR 1~1 FOLLOWS: (CONT|NUEO| RI:<O 1 _ 551 __'5;..
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l i- .! I~SA10- SINKING FUND CASH IN HANDS OF TRUSTEE - TWENTY YEAR ~ DEBENTURES leCTURING APRIL 15, 1962 DECEHBER 31, 1951 PAD[ 2 BALANC¢ JANUARY I, 1951 CASH DEPOSITED WITH TRUST(( IN.1951 APRIL JULY OCTOeER TRANSFER Or CASH BY THE SINKING FUND TRUSTEE TO TH( RED(NPTION ACCOUNT: MARCH DEBENTURE PURCNAS[D BY THE S INKING FUND TRUSTEE= OCTOeER. D[IENT~R[S OEPOSlT[O WITH TRUST£E: OCTOBER 15, 19~5 CALL OcToe¢R 15, 19~8 CALL OCTOe[R 15, 1~,9 cALt APRIL 15: l~r)O CALL OCTOetR 15, 1950 CALL APMIL 15, 1951 CALL DEBIT BALANCE DEC[NBER 31, 1951 S tJmACCOUNT NO. 1 SINKING FUND 3~o,031.25 600.00 300.00 270.00 SUeACCOUNT NO, 2 R¢O£NPTION FUND S'.m .O1 SUB ,02 Sue .O3 PAR VALUE or PREN IUH ON OFFSET DEO¢NTURES DEBENTURES 179,ooo.oo 2,~5.oo 181,685.oo 3hOoO25.oo 335,000.00 5,025.0o 3h0,o25.oo 1 ,O15.® 1 ,o(:~.oo 15.oo 1 ,o15.oo 1,0<X).0( 15.00 1,015,00 5,o00.0o 75.00 5.o75.oo 3,ooo.oo ~5.oo 3,o~5.oo 155.ooo.oo 2,325.oo 157,325.oo 326,000.00 h,89o.oo ~o,89o.oo ]61,~ 2%o00,0o ~5.oo RT :~0 "I ~28 ¢.._ 55516
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liSA15- SINKING FUND CASH IN HANDS OF" TRUSTEE - T~WrY-FIV[ YEAR ~ DEBENTURES MATURING 0CT06gR 15, 1969 DCCEMBER 31, I~I THE DCalT BALANCE OF THIS ACCOUNT REPRESENTS CASH IN HANDS OIr GUARANTY TRUST CO(qPANy OF NEW YORK UNDER IHDrNTURIr OF 0CTO4SER l~w 19~ TO BE APPLICD TO THr PURCHASE OR REDEMPTION OF T1dCNTY-FIVE YEAR ~ DE6ENTURCS MATURING OCTOBrR 15~ 1~9 THROUGH THC OPERATION OF "(HE SINKING FUND. 1 o SINKING FUND ACCOUNT CASH IN HANDS OF THE SINKING PUND TRUSTEe WHICH HAS NOT BEEN SET ASIDE IN A R£DEMPTION ACCOUNT TO COVER PRINCIPAL AND PREMIUM ON DEBENTURES CALLED FOR REOEMPT|OHo 2 - ~DEHPTION ACCOUNT j01 pAR VA~U¢ OF D[BENTURESCAL~ED BUT NOT DEPOSITED CASH ~ICH HAS BEEN TRANSFERRED BY THE SINKING rUNO TRUSTEC TO A REOENPTION ACCOUNT BUT NOT YET CKPENOEO FOR PRINCIPAL OF O[B¢HTURES CALLED FOR REO[HPTIONe jO2 Pn¢~lUH O~OCe~NTURES CAL~¢O CUT .OT ~POSITCO CASH WHICH HAS B¢CN TRANSFERRED BY THE SINKING FUND TRUST£[ TO A RCD[HPTION ACCOUNT 6UT NOT YET EXPENDED FOR PREMIUM ON DESCNTURES CALLED FOR R[OEMPTIONe .03 OrrscT ACCOUNT THIS ACCOUNT IS CREOITCOp AS OF THE EFFECTIVE CALL DATES~ WITH THC AHOUNT OF PRINCIPAL AND PREMIUMS ON DEB£NTURES CALLED FOR RCOEHPTION BY THC SINKING FUND TRUSTEE. THIS ACCOUNT IS O£BITEO ~ITH THE ANOUNT OF PRINCIPAL AND PREHIUH ACTUALLY EXP~NDEO BY THE S|NRING FUND TRUSTEE FOR RED[MPT|ON OF CALL(D D¢8¢NTURESo THE CREDIT BALANCE OF THIS ACCOUNT AFTER THE CFF¢CTIVE OAT[ OF EACH CALL FOR REDEMPTION REPRESCNTS AN OPFSCT TO THE DEBIT BALANCES OF SUBACCOUNT 101 AND e0~e A SUI4HARY ANALYSIS OF TRANSACTIONS FOR TH£ YEAR 1951 FOLLOWS: (CONTINUED) :1.29 P31",KO'! 025551 ?
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f 4 )t8A15- SINKING FUND CASH IN HANDS OF TRUSTEE - "r~NTY-FIVE YEAR ~ DCBENTUR£S MATURING OCTOBER 15, 1969 D{:CEI4E~R 31, 1~:~1 PAOE 2 ~4 BALANCE JANUARY 1, 1~1 CASH DEPOSlTEO WITH TRUSTEE IN 1951: APRIL JULY OCTOaER TRANSFER or CASH BY THE SINKING FUND TRUSTEE TO THE REDEMPTION ACCOUNT: MARCH DEBENTURE PURCHASED BY THE SINKING FUND TRUST[El APRIL D£BENTURES DEPOSITED WITH TRUSTEE: OCTOeER 15, 19~9 CALL APRaL 15. 1~0 CALL OCTOeCR 15, 1S~0 CALL APRIL 15, 1951 CALL DEOIT BALANCE DECEHDER 31, 1951 SUBACCOUNT No. 1 SINKING FU~O 220,Oitl .25 ~oo.oo 2~5.oo 55o.oo SUBA¢COUNT NO, 2 REOENPTION FuflO Sue .O1 Sue. O2 SuB .o~ PAR VALUE OF PREMItJI4 OH O~FSET ~¢pE.TUR[S DESENTURES 131 ,ooo.oo 3,93o.oo 13~,93o.oo ::'19,39o.oo 2t 3,ooo.oo 6,39o.oo 219,39o.oo i ,oo7.5o zJ,ooo.oo 12o.oo ~.,12o.oo I ,ooo.oo 30.00 I ,o3o.oo 116,ooo.oo 3,~,8o.oo 119,~8o.oo _ : _ _ 211 1,000,O0. _. 6,330.00 _~ 217j~30.(~. _ 8~.7~ ~2,ooo,oo.. _ ]~Lo~ 1,2,36o:?o .!.,30 RT~01 02~5518
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- 1i8A20- SINKING FUND CASH IN HANDS OF" TRUSTEE - T'.~NTY YEAR 3~ DEBENTURES MATURING JANUARY 1, 19(~' DECCI,tBER 31, 1951 THE O[81T BALANCE OF THIS ACCOUNT REPRESENTS CASH IN HANDS OF GUARANTY TRUST COMPANY OF NEW YORKj TRUST££ UNDER INDENTURE OF JANUARY 1, 19~, TO BE APPLIED TO TH( PURCHASE OR R[D~NPTION OF TWIENTY YEAR ~ DEBENTURES ~ATURING JANUARY 1, 19~, THROUGH T~£ OR£RATION Or THE SIHKIHG FUND° THIS ACCOUNT RECORDS: 1 - DEBITS FOR CASH DEPOSITED WJTN THE GUARANTY TRUST COMPANy Or NEW YORK FOR R£D£HRTIOH OF DEBtNTURESo 2 - CREDITS fOR D~DITG TO ACCOUNT NoD "6OLEO- TWl[NTY YEAR ~1; DEDENTUR£S MATURING JANUARY ~ e l~,~e" SUBACCOUNT NO, u3- RETIRED THROUGH SINKING FUNDn FOR DEBENTURES RET|R£De A ~IMMARY ANALYSIS Or TRANSACTIONS ~OR THE Y[AN 1~1 fOLLOWS: ~ALANC£, JANUARY ~j 1~1 CASH DEPOSITED WITH TRUSTEE IN JUNE 1~¢~1 L£sS~ DEeENTUR£S D~POSITED WITH TR~ST[£ fOR R£TIRENENT - JULY 1e 1951 BALANCE, D£cE~e£e 31e 1951 ,~o~0oo.0o -0- f:~ ] :~ 0 1
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. /- \• ~5A15- PROVISION FOR LC6S ON IN'~[STHE:NT IN WHOLLY O,,~EO FOREIGN SU~,SIDIARIES DECEMDER 31. 1951 THE CREDIT BALANCE IN THIS ACCOUNT REpRrSrNTS A RESERVE fOR POSSIBLE LOSS OF" INVESTMENTS IN CAPITAL STOCK OIr WHOLLY OVNEO FOREIGN SUBSIOIARIE$o THIS ACCOUNT RECORDS: 1 - CREDITS FOR AMOUNTS PROVIDED TO COVER POSSIBLE LOSS ON INVESTN[NTS IN CAPITAL 8TOO KS OF t#HOLLY OWNED FOREIGN $UBSIDIARI[Se 2 - 0EBITS FOR: A- REVERSAL Or AHOUNT$ PROVIDED FOR POSSIBLE LOSSES VHEN SUCH PROVISION IS NO LONGER N[CESSARYe CREDITS TO INV[STMENT ACCOUNT VHEN LOSS IS ACTUAL AND IHV£STHENT ACCOUNT IS WRITT£N OPt. THE CREDIT BALANCE AT DrcENSER 31p 1~1 IS COMPOSED OF THe fOLLOWING| SALANOE OF ANOUNTS PROVIDED IN PRIOR TEARS BY CHARGES TO INCOME TO COYER POSSIBLE LOSS OF INVESTMENT IN CAPITAL STOCK Or J. WIX • " SONS, LINITEO. R1"~01 0 !,,2 025~520
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iJ .I • ~A1D- |NV[$I)41~NTS PARTLY O/NED FORE IGN SUBS|DIARIES D~C£HB£R 31, 1951 TN[ DEBIT BALANCE Or THIS ACCOUNT R[PRESENTS THE GROSS BOOK VALUE Or INVESTHENTS IN PARTLY O~/NED FOREIGN SUBSIDIARY CO#4PANIES, THIS AccoUNT RECORDS: I - DEBITS FOR: A- COST Or ACQUISITIONS OF SECURITIES OF PARTLY OWNED FOREIGN SUBSIDIARY COMPANIESI B- CREDIT IN DEC¢NBER 1~7 :O ACCOUNT NO, "5~10- INVESTNENTS VHOLLY OWHED fOREIGN SU6SIDIARIESmN TO RECORD THE TRANSFER Of THE GROSS BOOK VALUE OF |NYESTNENT IN SOC lET[ ANONYH[ DES PAPETERIES DE HAUDUIT ~/HICN BECAHE A PARTLY O~N[O FOREIGN SU~SIOlARY IN 1~,7. 2 - CR¢OITS FOR: A- BOOK VALUE or DISPOSITION Dr |NYEST)4ENTS RECORDED IN THIS ACCO~JNT, B- RETURN OF CAPITAL BY THE RECEIPT OF A DIVIDEND PAID OUT Or CAPITAL 8Y THE ISSUING COHPANY ON ITS SECURITIES RECORDED IN THIS ACCOUNT. A StJMkS4ARY ANALYSIS Or TRANSACTIONS fOR THE YEAR 1~1 fOLLOWS: ~ALANC¢ JANUARY 17 1951 SOC|ETE ANONYNE OES PAPETERI£S DE HAUDUIT 1,~1 DISPOSITION SALE OF SOC1¢T¢ ANONYNE DES PAPETERIES 0¢ HAUOUIT ON FESRUARY 7J 1951 To PETER J. SCH%/[IYZER, INCORPORATED FOR $17.7~0.00, REPRESENTING ~.00 PER SHARE BALANCE ~CENBER 31, 19~I KIND Or SNARES GROSS STOCK PAR VALUE O~/NED ~OOK VALUE CAPITAL FRANC ~00 5.920* 660,2~.7~ ~.?~o, • RERRtSENTEO ~.66 PER CENT Or O~NERSHIP BASED UPON ~,000 TOTAL SHARES ISSUED. ~OR DETAILS Or ACGUISITIONS~ OiSPOSITIONSw REALIZATION AND PROFIT OR LOSS SEE THE SUPPLENENTARY FISCAL BINDER ANALYSIS OF ACCOUNT NO. "712- PROP IT AND LOSS ON DISPOSITION Or CAPITAL ASSETS.w RI'~01 133 O2 55521
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..j .56A15- PROVISION FOR LC6S OF INVE$T)4ENT IN PARTLY OWeD FORE I(~ SUBS IO IAR lEG O~CCHECR 31, 19"~1 THE CREDIT BALANCE IN THIS ACCOUNT REPRESENTS A RESERVE FOR POSSIBLE LOSS OF INVESTHENT IN CAPITAL STOCK Or PARTLY O~/N[O FOREIGN SUBSIDIARIESe THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- ANOUNTS PROVIDED TO COVER POSSIBLE LOSS ON INVESTNENT IN CAPITAL STOCK OF PARTLY OWNED FOREIGN SUBSIDIARIESe B- DEBIT IN 19~7 TO ACCOUNT NO. I~AI~- PROVISION FOR LOSS ON INVESTNENT IN WHOLLY OWNED FOREIGN SUBSIDIARIESI TO RECORD THE TRANSFER OF THE BECEHBER 31e 19~7 BALANCE APPLICABLE TO $OCIETE ANONYN[ DES PAPETERIES O[ HAUDUIT ~HICH BECAME A PARTLY O~/NEO FOREIGN SUBSIDIARy IN 1 9~7. 2 * DEBITS FOR: A- REVERSAL OF ANOUNTS PROVIDED FOR POSSIBLE LOSSES WHEN SUCH PROVISION IS NO LONGER NECESSARY. B- CREDITS TO INVESTNENT ACCOUNT WItEN LOSS IS ACTUAL AND INVESTNENT I$ WRITTEN OFF OR SOLOo A SUNJ4ARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1 FOLLOWS: BALANCE - JANUAR~ 11 19~1 ANOUNT PROVIDED IN DECEHSER 19~2 BY CHARGE TO INCOME TO COVER POSSIBLE LOSS OF INVESTNENT IN CAPITAL STOCK OF $OCIET[ ANONYN[ DES PAPETERIES DE HAUOUIT L¢$S: CREDIT TO ASSET ACCOUNT IN FEBRUARY TO RECORD SALE OF INVESTNENT IN $OCIETE ANONYN[ DES PAPETERIES DE HAUOUIT TO PETER J. SCHIdl[|TZEN, INCORPORATED ON FEBRUARY 7, 1951 BALANCE DECEMBER 31, 19~1 613,657.1b, -O- m~mmmmm:um ~l" NO 1
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! i. ~30- DOUBTFUL BILLS AND NORTOAG[S R(CCIVABLr Of:C(N~E:R 31. I~I THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS AMO4JNTS OWING UNDER NOTES RECEIVABLE AND MORTGAGES FROM CUSTO(qERS AND OTHERS ~4HICH ARE CONSIDERED I~O~JITFUL Or COLLECTION AND WHICH HAVE BEEN FULLY PROVIDED FOR BY A CHARGE TO ~INCO~4[w AND A CREDIT TO ACCOUNT No, n~3~- RESERVE FOR DOUBTFUL BILLS AND MORTGAGES RECEIVABLE,n THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- CR(DITS TO ACCOUNT NO, u~A~- RESERVE FOR DOUBTFUL BILLS AND MORTGAGES RECEIVABLEa TO SET UP DOUQTFUL NOT(S AND MORTGAGES RECEIVABLE NOT PRE- VIOUSLY RECORDED ON THE BOOKS, B- CREDITS TO ACCOUNT NO, u~lO- BILLS AND MORTGAGES RECEIVABLEN TO RECORD TRANSFCRS OF ITEMS WHICH.BECOt4£ OOU6TFUL or COLLECTION. 2 - CREDITS FOR: A- DEBITS TO ACCOUNT NOB. "IOAlO- CASH IN BANKSw OR "iO~- UNAPPLIED CASH COLLECTIONSR FOR AMOUNTS COLLECTED. B- DEBITS TO ACCOUNT NO, ~3~ TO R£CORD ELIMINATION Or ACCOUNTS, TH(Rr WAS NO BALAHCr IN THIS ACCOUNT AT DECI[14BrR 31: 1~1, l~l l" :~0 1
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• ~OA35- RESERVE FOR DOUBTFUL BILLS AND HORTGAGES RECEIVABLE DEC[~R 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS A RESERVE PROVIDED BY A CHARGE TO IINCONEm FOR THE FULL ANOUNT OF BILLS AND HORTGAGES RECEIVABLE t~q~lCH ARE CONS|DERCO DOUBTFUL OF COLL[CTION. THIS ACCOUNT RECORDS: 1 - CREOITS FOR; A- DEBITS TO ACCOUNT NO, "~30- DOUBTFUL BILLS AND HORTGAGE$ RECEIVABLE~ TO SET UP OOU~ITFUL NOTED AND HORTGAGES RCC¢IYABLE NOT PREVIOUSLY RECORD[O ON THE BOOKSj B- DEBITS TO IHCOHE FOR TH¢ FULL AI40t,~IT ~ BILL3 AHD MORTGAGES REC[IVABL[ IdHICH ARE CONSIDERED DOUBTFUL or COLLECTIONe -OCB|TI FOR: A- CREDITS TO ACCOUNT NO, ~)~3D TO RECORD ELIMINATION OF ACCOUNTS ON IdHICH FURTHER COLLECTION IS CONSIOEREO IHPR06ABLEI B- CREDIT AT THE YEAR END TO ACCOUNT NO, m~1,2- MI3CELLANEOUS PROFITS - CIGARSff FOR THE EXCESS OF RESERVE OVER BALANCE IN ACCOUNT NO, ~C~A~0. THERE WAS NO BALANCE IN THIS ACCOUNT AT DECENBER ~1, 19~1. ~l" )~0 1
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/ THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE GROSS BOOK VALUE OF LAND OWNED BY THE COMPANY. THESE VALU(S ARE CARRIED ON THE BOOKS OF THE N(V YORK OFFICE. THIS ACCOUNT RECORDS: 1 - DEBITS FOR CREDITS TO BRANCHESI LEAF DEPARTMENTS AND AMERICAN SUPPLIERSm INCORPORATED (LouISVILLE DIVISION)~ COVERING AMOUNTS TRANSFERRED FROFI CONSTRUCTION ACCOUNTSe 2 - CREDITS FOR DEBITS TO ACCOUNT NOSe =~0~,~0- SUNDRY ACCOUNTS RECEIVABLEpm m~OA~- AMERICAN SUPPLIERSI |NCORPORATED=g "9OA16- LEAr OEPARTMENT,n AND N712- PROFIT AND LOSS ON DISPOSITION OF CAPITAL ASSETSn COVERING SALES OR OTHER DISPOSITIONS OF LANDe DETAILS THEREOF ARE CONTAINED IN ANALYSIS OF ACCOUNT Noa 712. DEBIT BALANCE, DECEMBER 31, 15~1 FOR DETAILS BY LOCATION SEE THE SUPPLEMENTARY FISCAL BINDER ANALYSIS OF ACCOUNT NOI m~A35- BUILDINGS AND BUILDING FIXTURES.n RI" ~,~0 1
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/- ,~20- NvERICAN CIGARETTE AND CIGAR CCI4PANY IrASED PROPERTY PURCHASED AND SOLD ACCOUNT DECEHB£R 31, 1~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE EXCESS or TH£ COST or PROPERTY PURCHASED FOR AH[RICAN CIGARETTE AND CIGAR COMPANY SUIBSEQUENT TO DECEMBER 3~ 1931, OVER TH[ PROC[EDS FROM LEASED PROPERTY SOLO, IN ACCORDANCE WITH INDENTURE OF LEASE DATED HARCH 31, 1932 BETVEEN J~4CRICAN CIGARETTE AND CIGAR CO#4pANY AND THE AMERICAN TOBACCO COHPANYe THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- COST OF ADDITIONAL PROPERTY PURCHASED OR CONSTRUCTED fOR AMERICAN CIGARETT¢ AND CIGAR CONPANYw PRIOR TO JANUARY lj 1951, IN ACCORDANCE WITH TERNS Or L[ASEe B- COST Or ADDITIONS AND IHPROVEHENTSp AFTER DEC£HBER 31, 1950, TO PROPERTY LCASEO FROM AJ'IERICAN CIGARETTE AND CIGAR COt4PANY CHARGED TO THIS ACCOUNT FOR RECORD PURPOSESe 2 - CR[DIT8 FORI A- PROCEEDS FRO(< THE SALE OF PROPERTY~ INCLUDING ADDITIONS AND INPROVEH£NTSw SUeJECT TO THE LEASE DATED MAmCH ~1o 1932, B- NET VALUE OF PROPERTY LEASED FROt4ANE:RICAN CIGARETTE AND CIGAR CO44PANY, ACQUIRED PRIOR TO JANUARy 1~ 1~1 AND RECLAIN£O BY CIGAR BRANCHES fOR USE IN NEV CONSTRUC- TION. C- DESITS TO ACCOUNT NO. "(~JA21- INPROVENENTS TO PROPERTY LEASED rROH ANERICAN CIGARETTE AND CIGAR COMPANyu TO TRANSFER THERETO THE COST or ADDITIONS AND IHPROVEHENTS REFERRED TO IN 1,B ABOVE. A SUNNARy ANALYSIS OF TRANSACTIONS FOR THE TEAR 1~1 FOLLOW: DEBIT BALANCE, JANUARY 1, 19~1 ADD: ADDITIONS AND INPROVEHENTS: BRANCHES; CHARLESTON KENTUCKY PHILADELPHIA NORFOLK P1ET£RSBURQ TRENTON 8~ ,3~.52 ~6,O10.21 %,058.75 11,813.2k 170,~,.~ 1~7.867.15 ~57,o89.12 L (CO"T INUre) ...................................... F3 l" :,< 0 "I 0255526
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• ~-~A20- A/4ERICAN CIGARETTE AND CIGAR COHPANY LE~ED PROPERTY PURCHASED AND SOLD ACCOUNT DECEMBER 31, 1951 DEDUCT: PROCEEDS RECEIVEG FOR ASSETS DISPOSED OF PER DETAILS: ASHLEY CHARLESTON K~NTUCKY PHILADELPHIA WILKES-BARRE 2.28 635.70 ,268.o3 1.18~.~5 19.b5 NCW.YOR~ 9tricE: LEAF DEPARTHE~TSI NORFOLK P£TERSBURG TAHPA TRENTON 27.OO 110.31 10,00 COST OF 1~1 ADDITIONS AND IHPROV£HENTS TRANSFERRED TO ACCOUNT NO. "~)A21- JHPROVEHENTS TO PROPERTY LEASED FROM AHCRICAN CIGARETTE AND CIGAR CO#4PANYm 308,305.63 LESS: NET VALUE OF TRANSFERS OF SUCH INPROWE~NT$ TO CONSTRUCTION ACCOUNT OEB|T BALANCE O[¢[HB[R 31, 1951 ~.o8 6,1o9.~ i ,990.00 ~.a7.31 P,tQL2~ DETAILS 9r.S*L:S {AT SELLING PRICE) ASHLEY BRANCH S2~o TO OUTSIDERS 9-1/20 H,P. MOTORS ~.28 )/.ARCH APRIL JUNE CHARLESTON B~NCH SOlO TO OTHER AFFILIATCO ¢OI~PANII:S 30 STEEL CHAIRS SOLO TO OUTS |OERS 3~ PROGRESS BUNCH MACHINES ~Ot.O TO THE AMERICAN TOeAC¢O COMPANY .FoR use iN CO"STRVCT~O" 1 G.[. HOTOR AND SPEED ~EDUCIER 1 DAYTON OOWO PUt4P 1 1/2 X 2" VITH MOTOR 1 G,E, 2 H,P, HOTOR (CONT |N~JE 0) 11117 I~25 1~2~-1 ~bbl I~39 f:lT :~0 1 ~8.oo 9T.7O 12.oo 25.00 25.00 ~.~9 025552~
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65A20- AHERICAN CIGARETTE AND CIGAR COHPANY IrASED PROPERTY PURCHASED AND SOLD ACCOUNT - O£CC~SER 31, 1951 ~AG[ ~_ HONT, m~H AUGUST SEPTEMBER MARCH APRIL HAY OCTOBER D£CENSER DETAILS or SALES (*T SELLING PNICF} CHARLESTON BRANCH SOLO TO THE ANERICAN TOeACCO CONPANY FOR USE IN CONSTRUCTION 2 REFRIGERATORS SOLO TO AMERICAN SUPPLIERS, INCORPORATEO FOR USE IN CONSTRUCTION 1 5 H.P, G.[, TYPE KO~I;(; MOTOR KIENTU KY BRANCH SOLO TO OTHER AFFILIATED COMPANIES 3 SIGNAL LIGHT FIXTURES ~1 SIGNAL LIGHT FIXTURES SOLO TO THE AJq[RICAN TOeACCO C(~'IPANY FOR USE IN CONSTRUCTION 6 EXAMINER TABLES ~8 BENJAMIN PLUORESC[NT LIQ#IT fIXTURES I MAXWELL WRAPPER CONDITIONING UNIT 1 601 SAMSON CONV£YOR 1 TYPE L PURGE PUMP AND RECOVERY UNIT WITH 1/2 H.P. MOTOR AUTHORIZATIONNOI lh67 559 567 56~ -I 573 ~3 6~8 66~ 378.oo 50, O0 2.25 39.75 68.20 1 ,o67.T5 2,000.00 10r~.0o h,268.O~ JANUARY ~ARCH HAY AUGUST SEPTEMI~ER PHILADELPHIA BRANCH SOLO TO OUTSIDERS 1 ~RCHANT CALCULATOR PROCEEDS FROM SALE OF JUNK PROCEEDS FROM SALE OF JUNK PROC£EDS PROM SALE OP JUNK SOLO TO OTHER AFFILIATES 3 STRIPPING AND BOOKING NACNIMES~ 3 SAFETY GUARDS AND 3 PULL£YS 2 BOX PACKER PRESSES 16 SIGNAL LIGHTS 979 ~9 ~6 ~6 1~3 lO~ ~o63 10,00 30.00 95.00 1.25 612.0O 30,00 32.00 (CONT |NU¢O)
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(;~A20- AHERICAN CIGARETTE AND CIGAR COHPAHY LEASED PROPERTY PURCHASED AND SOLD ACCOUNT D£CE~R 31 o 1951 PAGE ~ONTH KOVENBER JUNE SEPT(HBER OCTOBER JANUARY APRIL NOVENO[R OECENRER DETAILS OF SALES EAT SELLING PRICE} PHILADELPHIA BRANCH (CONTINUED) SOLO TO OUTSIDERS PROCEEDS FROH SALE Or JUNK SOLO TO OTHER AFFILIATES 75 Loose CIGAR TRAYS WILK~S-BARRE BRANCH SOLD TO OUTSIDERS 2 WRAPPER DEVICES AND 2 CRIMPER DEVICES SOLO FOR SCRAP 31 1/20 H.P. ~OTORS NEW YORK OFFICE ~OkO TO OUTSIDERS 3 MONROE POSTING MACHINES SOLO TO THE AMERICAN TOBACCO COMPANY fOR USE IN CONSTRUCTIQN 1 BR|GHTWOOO BOX MACHINE NORFOLK LEAr OEPARTHENT SOL,..~O TO OUTSIDERS PROC[EOS FROH SALE OF SCRAP PETERSBURG LEAr D~PARTH(NT SOLO TO THE AMERICAN TOOAC¢O CONPANY FOR USE IN C~NSTRUCTION 1/11H.P, MOTORS h 1~1H.P. MOTORS 1G,E. 1H.P. MOTOR (CONTINUED) ~UTNORIZATION NQ. lO47 1o76 338.20 451 527 2~O.00 VA. 2696 221 223 b8.00 ~8.00 110.'~1 f:~ I" :,'{0 "I 02 5552 9
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:i ~5A20- Ah~RICAN CIGARETTE AND ClGA.R COHPANY I.,(ASEO PROPERLY" PURCHASED AND SOLO ACCOUNT D(CEMB(R 31, 1951 MARCH DoT*its or SAteS (AT, s(cLt.a R~lCr| TAMPA L(AF D(PARTHENT so_Lo To 0~TS,q(R~ PROC((O$ FROM SAL[ OF SCRAP TR(NTON L(A~ ~(PARTM[NT S~LD To OUTSIOCRS I G.(. MOTOR 2 I~-KVA OIL FILL[O TRANSFORN[R$ 329 331, 200.00 I::IT HO 1 025~530
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65A21- IMPROVEMENTS TO PROPERTY UCASED FRCl4 AHZR lEAN C IGARETTIE AND C IGAR COHPANY D~CEMB~R 3"1, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE CURRENT GROSS VALUE OF ADCITION$ AND |MPROVEMENTS MADE SUBSEQUENT TO DECEMBER 31# 1~50e TO PROPERTY L£ASED FROH AM[ClEAN CIGARETTE AND C|~AR COHPANY UNDER iN- DENTURE Or LRASE DATED MAItCN 31, 1932 BETWEEN AMCR|CAN ClGARETTI[ AND CIGAR COHPANV AND THI[ AHER|CAN TOeACCO COHPANY. THESE VALUES ARE CARRIED ON NEW YORK OFFICE BOOKS ONLY. THIS ACCOUNT RECORDS: 1 - D£B|TS ro~! A- HONTNLY CREDITS TO ACCOUNT NO, w(~20-- ~WICRICAN ClGAR[TT[ AND CIGAR COMPANY LEASED PROPERTY PURCHASED AND SOLO ACCOUNTI F O4R COST OF AODIT|ONS AND IHPROVENEHTS MADE DURING THE NONTH. B* CRCD|TS TO THIS ACCOUNT FOR TRANSFERS BI[TW[CN LOCATIONS, 2 " CRCO|TS FOR: A- DEBITS TO VARIOUS BRANCH CONTROL AC¢OUINITS AND TO ACCOUNT NOSe WTOA21- RESERVE FOR AMORTIZATION Or INPROVZMCNTS TO PROPERTY LEASED FRO¢4 ANCRICAN CIGARETTE AND CIGAR COHPANYe" AND N~K~16- LEAF DEPARTNENT" COVERING THE R£CLANATION or ITEMS CAPITAL- ICED IN 7HIS ACCOUNT; B* OEB|TS TO THIS ACCOUNT FOR TRANSFERS BC1PeqEEN LOCATIONS, DEBIT BALANCE AT DECEMBER 31 IS COMPRISED OF THE FOLLOVING: REAL ~$TAT£ LOCATION TOTAL. AND, BUIlDINGS CHARLESTON 8;,386.2~ 80.575.69 KENTUCKY 34,993.~I 3h,032.98 ~'ILAOCL~IA ~.~8.T5 5~,O.~-)8.75 TOTAL BRANCHES 169.h38.~0 167166T,~2 ~(Ar DEPARTMENTS NORFOLK 11,B13,2~ 11,813,24 PETERSBURG 17,894.15 17,857.65 TRENTON I08.1~9.76 !08,159.76 TOTAL LEAr DEPARTMENTS 1~7,867.1~ 1~7,830.65 TOTAL ALL LOCATIONS ~07.~0~.5~ _ ~O5.~(:J~).9! MACHINERY AND • [RUtP"EN: 81o.55 96Oo~3 -0- 1,77o.9~ -o- 36.50 -0- (CoNT*NUCO) :I.48 RI':,'<01 0255531
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"r . / i: i .(>5A21- INPROVEHENTS TO PROPERTY trASED FR(~4 AR[RICAN CIGAF~TT[ AND CIGAR COHPANY D[CE~R 31, 1951 PAQ[ 2 "4 INV¢NTORIES JANUARY 1 AND D¢C[NB[M 31, 1951, ~¢QUISITION$0 DISPOSITIONS AND ACCNUEO ~_?NTIZ~TI,¢N TNCAEONj ReAliZATION AND PNOrlT AND LOSS ....... INV[NTONY JANUARY |j 19~1 AOO: 1951 ACQUISITIONS: PURCHASES TOTAL LESS: DISPOSITIONS: TNANSF£NR£O TO CONSTRUCTION |NV¢NTOR~ DECCNS[N 31, 1951 AMORTIZATION R¢SCRV£ CHARG£ ~J4OUNT REALIZ[O OR TRANSF£RN£O PROFIT NO LOSS NACNINERT R£AL [STAT¢ AND ANO BU ILO m~ ~QUm~¢NT ~o6,~98.15 !.807.~8 3o6,~.~5 ~ ,8o7.~8 _ 1,000.O~ ~o%~98.o7 ~ 8o7~8 *= __ : ~± l 15,OO 1 I " L ~'~ ,, _ ] L- :[4,t I~1" HO 1 0255532
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~5A30- IHPROVEHENTS TO LAND DECEIVER 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE GROSS BOOK VALUE OF IMPROVEMENTS TO LAND O~/HED BY THE CONPANYe THESE VALUES ARE CARRIED ON THE BOOKS OF THE NEW YORK O~rlC(o THIS ACCOUNT BECOROS: 1 - DEBITS FORI A- CREDITS TO BRANCHESp LEAF OEPARTHENTS AND ~ERICAN SUPPLIERS~ |NCORRORAT(O (LOUISVILLE DIVISION)w COVERING: 1- ANOUHT$ TRANSFERRED fROtd CONSTRUCTION ACCOUNTS° 2- AMOUNTS TRANSFERRED FROt4 OTHER ASSET ACCOUNTS. B- CREDITS TO TH IS ACCOUNT COVERINO TRANSFERS BETWEEN CLASSIFICATIONS ANO BETWEEN LOCATIONS. 2 - CREDITS FOR: A- DEBITS TO VARIOUS BRANCH CONTROL ACCOUNTS AND TO ACCOUNT NOS, "20A20- SUNDRY ACCOUNTS RECEIVABL(," "~OA25- AHERICAN SUPPLIERS, INCORPORATED,n "9OA16- LEAr DEPARTNENT,# n70~20- RESERVE FOR DEPRECIATION OF INPROVENENTS TO LAND" AND "712- PROFIT AND LOSS ON DISPOSITION Of CAPITAL ASSETS" COVERING THE SALEw ABANDOHHENT OR OTHER DISPOSITION OF" INPROV¢NENT$ T3 LAND, PER DETAILS IN ANALYSIS OF ACCOUNT NO. 712. B- DEBITS TO THIS ACCOUNT COVERING TRANSFERS SETW1EEN CLASSIFICATIONS AND B(TWEEN LOCATIONS. DEBIT BALANCE, D[CEHBER ~1, 1951 FOR DETAILS BY LOCATION SEE THE SUPPLENENTARY FISCAL BINDER ANALYSIS OF ACCOUNT NO, gS~5- BUILOINGS AHO BUILDING FIXTURES°# I~I':,401 i,i5 0255533
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6.r,r,r,r,r,r,r,r,r~All~- 14ACHINERY AND EQUIPHENT OH STORAGE DEC[J'~R 3~, 195t THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THg GROSS BOOK VALUE OF MACHINERY AND EQUIPMENT RECORDED ON NEW YORK OFFICE BOOKS AND STORED AT VARIOUS LOCATIONS* THIS ACCOUNT RECORDS: 1 - DEBITS FORI A* MACHINERY AND EQUIPMENT PURCHASED AND PLACED IN STORAGE AT LOCATIONS RECORDED ON NEV YORK OFFicE BOOKS. B- CHARGES FRONBRANCHES AND NEw YORK LEAF DEPARTMENT COVERING THE BOOK VALUE OF EQUIPMENT TRANSFERRED BY THEN TO STORAGE LOCATIONS RECORDED ON NEW YORK OFFICE BOOKS, C* CREDITS TO OTHER FIXED ASSET CLASSIFICATIONS COVERING TRANSFER OF EQUIPMENT FROH SUCH CLASSIFICATIONS TO NACHINERY AND EQUIPMENT ON STORAGE, 2 - CREDITS FOR: A- CHARGES TO BRAHCHES AND NEW YORK LEAF DEPARTMENT COVERING THE BOOK VALUE OF EQUIPMENT TRANSFERRED TO THEN FROM ACCOUNT NO. (~J~. B'-[LININATIONS OF BOOK VALUE OF [QUIII~4[NT RECORDED IN ACCOUNT NO. 6r-~ TRANSFERR(O TO OTHER PROPERTY CLASSIFICATIONSj SOLO, ABANDONED OR OTHERWISE DISPOSED o~r. THE DIPBIT BALANCEAT DECEMBER 31, 1~1 IS COMPOSED OF*THE FOLLCPJING: ST~Rhg~,,L9¢~TION TRENTON BRANCH TOTAL GROSS BOOK VALU[ ill" ;gO 1
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, 6~A56- INSURABLE VALUE OF" MACHINERY AND EQUIPMENT ON LOAN FROM J. WIX & SONS, LTD. D£CEHB~R 31, 1~1 i THE DEBIT BALANCE OF THIS ACCOUNT R£PR£SCNTS THE INSURABLE VALUE OF MACHINERY AND EQUIPMENT ON LOAN TO VARIOUS BRANCHES FROM J, WIX ~ SONBm LTOo THE O{BIT BALANCE or THIS ACCOUNT I$ FULLY OFFSET BY THE CREOIT BALANCE OF ACCOUNT NO. n~;F)A57- OFFSET TO IHSURABLE VALUE OF MACHINERY ANO EQUIPI41~NT ON LOAN FROM J. WIX & SONS, LTO.e THIS ACCOUNT RECORDS: i - DEBITS FOR TH~ INSURABLE VALUE OF [QUIPI4ENT ON LOAN BAS[O ON A STATEO VALUE PER MACHINE PLUS ACTUAL EXPENDITURE~ FOR DUTY, BROKERAGE FE(Sp FREIGHTI ETC. THE OFFSETTING ER~OIT IS TO ACCOUNT NO. "6r)A57- OFFSET TO INSURABLE VALUE OF MACHINERY ANO EQUIPHENT OH LOAN FROH J. WIX ~ SONS. LTD." THE ACTUAL EXPENDITURES FOR ~XP[NS~B ARE ABSORBED BY THE RECEIVING BRANCH IN fpENERAL FACTORY OVERHEAD. 2 - CREOIT$ FOR DgBITS TO ACCOUNT NO. ~57 FOR THE INSURABL¢ VALUE OF 'ION LOANn EQUIP- HENT PUACHASEO FROH OR RETURNEO TO J. ~lX ~ SONSD LTO., OR OTNERVIB[ OlSPOSEO OF* A SUt4MARY ANALYSIS OF THE TRANSACTIONS FOR THE yEAR 1~1 FOLLOWS: DEBIT BALANCE JANUARY 1, I~I 1~ INCREASE IN INSURABLE VALUE PeR ~R. J. R. COON IS "¢"ORANOUH Or DECENBER I~, 1950 DESCRIPTION 3 S.C.H. WAGER CUT-OrrS OURHAH BRAHCH S*C.~. ~AGER CUT-OFFS REIOSVILLE BRANCH S.C.~. WAGER CUT-OFrS VIRGINIA BRANCH DEBIT BALANCE DECENRER 31, 1951 INSURABLE VALUE 2 ,b.30.O0 81o.oo I~1" :~O "1
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-! J .. ,65A57-OFFSET TO INSURABLE VALUE OF HACHINERY AND EQUIPHENT ON LOAN FROM Jo WIX & SONS, LTD. DECEMBER ~1, 1951 THE CREDIT 6ALANCE OF THIS ACCOUNT REPRESENTS A FULL OFFSET TO THE DEBIT BALANCE Or ACCOUNT NoD n~A56- INSURABLE VALUE OF HACHINERY AND EQUIPt4ENT ON LOAN FROH J. W IX • SONS, LTO," THIS ACCOUNT RECORDS: 1 - CREDITS FOR DEBITS TO ACCOUNT NO. "~56- INSURABLE VALUE Or MACHINERY ANO EQUIPMENT ON LOAN FRO~ J, W*X & SONSs LTD," FOR THE INSURABLE VALUE OF EQUIPMENT LOCATED AT VARIOUS BRANCHES ON LOAN FRO~4 J, WIX ~ SONSe LTDe 2 - DEBITS FOR CREDITS TO ACCOUNT NO. 6~J~6 FOR THE INSURABLE VALUE Or "ON LOANn EQUIP- HENT PURCHASED rROH OR RETURNED TO J° VIX & SONS, LTDo OR OTHERWISE DISPOSED OF. CREDIT BALANCE AT DE¢[NSER ~1, 1~1 !48 R]" :'~01 0255536
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6~.~8- HACHINERY AN{) EQUIPMENT ON LOAN TO J, WIX & SONS, LIHIED DECEMBER ~1, 1~I THE O¢BIT BALANC¢ OF THIS ACCOUNT R£PR£$ENTS THE GROSS BOOK VALU[ OF HACHIN¢RY AND EQUIPH£NT O~N¢D BY THE COMPANY AND LOAN[O TO J* WIX & SONSB LIMIT£D, THIS ACCOUNT RECORDS: 1 " D£BITS FOR VOUCHER R£GIST£R CHARGES FOR N£W YORK Of FIC£ PURCHAS£S or £qUIPH£NT FROM OUTSIDE SUPPLI£RSo THE DEBIT BALAHC[ AT D¢CEMS£R 31, 1~1 IS CONPOSEO OF THE FOLLOVING: GROSS ~URCHA$~ DAT£ D~SCRIPTION BOOK VA~U¢ APRIL, 19}~ ~- NO, 4-16 A.H.F, ST£MNING NACHINES 1~,(~O,OO APRIL, 1948 5 APEX TiC LeAr RCNOV£R NACHIN£S TOTAL RT:~O1
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r-" 65A65- OFt'ICE FURNITURE AND rQUIPt~NT ~£CCHBER 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE GROSS BOOK VALUE OF OFFICE FURNITURE AND EQUIPMENT CARRIED OH THE BOOKS or NEW YORK OFFICE ONLYe POST|NDEK CARDS ARE ON rILE IN THE NEW YORK OFFICE FOR THESE ASSETS, THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- VOUCHER REGISTER CHAR3ES FOR OFFICE FURNITURE AND EQUIPMENT PURCHASED FROM OUTSIDE SUPPLIERS. B- CHARGES FROM BRANCHES FOR THE VALUE OF EQUIPMENT TRANSFERRED BY BRANCHES TO ANY OF THE LOCATIONS INCLUDED IN THIS ACCOUNT. C- CHARGES AT NET VALUE FOR ITEMS RECLASSIFIED FROM OTHER FIXED ASSET ACCOUNTS AND TRANSFERRED FROM SUCH ACCOUNTS TO OFFICE FURNITURE AND EQUIPHENTe 0- CHARGES FRO~q SUBSIDIARY AND AFFILIATED COMPANIES FOR VALUE OF OFFICE FURNI- TURE AND EQUIPMENT ACQUIRED FROM THEM, 2 - CREDITS FOR¢ A- DEBITS TO BRANCHESI LEAF DEPARTMENT AND AMERICAN SUPPLIERSw |NCORPORATED~ COVERING TRANSFER OF EQUIPMENT TO OTHER LOCATIONSe B- ELIMINATIONS OF BOOK VALUE OF EQUIPMENT TRANSFERRED TO OTHER PROPERTY CLASSIFICATIONS, SOLD, ABANDONED OR OTHERWISE DISPOSED OFi THE DEBIT BALANCE AT DEEENBER 31 , 1951 IS CONPOBED OF THE FOLLO*JING: LOCATION NEW YORK OFFICE THE HUNTERDON COUNTY NATIONAL BANK DF FLEHINGTON ON LOAN TO DURHAM BRANCH • SEABOARD TERMINAL AND REFRIGERATION COMPANY* JERSEY CITYm NEW JERSEY 927 - 15TH STREET, N.W. ~ASHINGTO/J~ D. C. 10 SO~TH PARK* SAN FRANCISCOp CALIFORHIA EMERGENCY OFFICE AT TRENTON, N.J. OTHER LOCATIONS MR. ~. J. BOOR, %~ESTFIELOw N. d, HR, FRANK X. TOWERS, ~ROOKLYN, ~.Ye BALANCE, DECEMBER ~1. lC)~t 151.o5 376.oI 12,159.22 335.96 ~ROUp 10 GRDUR 20 105,333.58 129,166.26 215,933.79 h91,120.81 i.o83.5o I,o83.5o 2,5TO.~5 2,57o.h5 161.32 161.32 5~6.oo 69T .o5 ~32.88 281 .I 3 91T.69 2,oo7.71 2h,583.72 1,31o.57 9,5h3.18 h7,596.69 335.96 3~8.35 5~h.osT,77 132,920163 130.757,96 228,185.h8 5hS.921.8h FOR DETAILS OF INVENTORIES AT JANUARY 1 AND BECENB¢R 31, 1951 s ACQUISITIONS, DISPOSITIONS, AND ACCRUED DEPRECIATION THEREON, REALIZATIONp AND PROFIT OR LOSS SEE THE SUPPLEMENTARY FISCAL BINDER ANALYSIS or ACCOUNT NO, "~12- PROFIT AND LOSS ON DISPOSITION Or CAPITAL ASSETS,t Fll')iO 1 1_50 0255538
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-! :I 65A'/O- Ot"FICE FURNITURE AND L"QUIPt.IE:NT ~ STOI~.AC.~ DI[CEI,4E~R 31, 19~i THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE GROSS BOOK VALUE OF OFFICE rUNN|TURE AND EOUIPHENT RECORDED ON NEw YORK OrrlCE BOOKS AND STORED AT VARIOUS LOCATIONSo THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- CHARGES FOR OFFICE FURNITURE AND [QUlPNEHT RURCHAStO AND PLACED IN STORAGE AT LOCATIONS R£CORD£D ON NEW YORK OFFICE BOOKSo B- CHARGES FRON BRANCHES AND NEW YORK LEAr DERARTNENT COVERING THE BOOK VALUE OF EQUIPt4ENT TRANSFERRED BY TNEH TO STORAGE LOCATIONS RECORDED OH NEW YORK OFFICE BOOKSe C- CREDITS TO OTHER FIXED ASSET CLASS|FICATIONS COVERING TRANSFER Or EQUIPMENT FROt4 SUCH CLASSIFICATIONS TO O~rrlCE fURNITURE AND EQU|PNENT ON STORAGEs - CREDITS FOR: A- CHARGES TO BRANCHES AND NEW YORK IrAF DEPARTMENT COVERING THE BOOK VALUE OF EQUI~ENT TRANSFERRED TO THENe B- ELIMINATIONS Or BOOK VALUE OF [QU|PINENT TRANSFERRED TO OTHER PROPERTY CLASSIrICATIOHS, SOLO, ABANDONED OR OTHERWISE DISPOSED OF. TNr DI[SIT BALANCE AT DrcEMBCR 31p 1~1 IS CO~qposro Or TNr FOLLO~|NG! STORAaE ~O~:AT.I ON GROU...~P ~ TRENTON BRANCH DEBIT BALANCE, DECEMBER 31B 1~1~1 FIT 01
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• 65A80- SALESMEN'S AUTCI,40elLrS DECEMBER 31. 1 951 THE DEBI'T BALANCE Or THIS ACCOUNT REPRESENTS THE GROSS BOOK VALUE OF SALESMENIS AUTOt40~ILES. POST- INDEX CARDS, RECEIPTED INVOICES FR~ AUTO#4Cd~|L£ AG[NCIESp CERTIFICATES OF TITLE, BILLS OF SALE/ ETC. FOR EACH AUTO~tOelLE AR[ ON rILE IN THE GENERAL ACCOUNTING DEPARTMENT. THIS ACCOUNT RECORDS: 1 - DEBITS rORI A- |NVOICES FRCI4 AUTOMOBILE AGENCIES ENTERED IN VOUCHER REGISTER, COVERING PURCHASES OF NEV SALESHENI$ AUTO~4061L[S p HEATERS, ETC. B- CHARGES THRO~K~H VOUCHER REG|STER COVERING PURCHASES OF ACC£SSORIES, ETC.w MADE BY SALESMEN. C- CREDITS TO ACCOUNT NO. 13~J~63- GENERAL FACTORY SUPPLIES AT SUPPLIERSw FOR THE COST OF LOCKSp PARTITIONS, MATSI MIRROR$~ BUI4PER GUARDS, DOt4E LIGHTS AND SWITCHES, AND REAR WINOO~d SHIELDS INSTALLED ON NEW AUTOMOBILES. D- CREDIT OFFSETS TO THE SAME ACCOUNT FOR GROSS BOOK VALUE OF NEW, UNASSIGNED AUTOt4OSILES TRANSFERRED FROM RUNASSIGNEOI TO THE STATE iN IdHICM THEY ARE REGISTERED AND ASSIGNED AUTO#4OelLE$ TRANSFERRED BETWEEN STATES. 2 - CREDITS FORI A- GROSS BOOK VALUE or SALESMENIS AUTOI4Oe|LES SOLO OR OTHERWISE DISPOSED oro B- COST of EQUII~4ENT SUCH AS HEATERS, ~EFROSTERS~ ETCe, SOLD OR OTHERWISE O|SPOS[G OFo C* OEBITS TO THE SAMEACCOUNT FOR TRANSFERS AS |N 1D ABOVE. THE DEBIT BALANCE AT 0[¢EMBER 31 w 1951 IS ¢ORPO.SEO OF THE FOLLOWING: REGULAR CIGAR ASSIGNMENTS :~A~SIGNM~NTS , _ ~ UNA~S|ONEO .... TgTA~ GROSS BOOK GROSS BOOK GROSS BOOK GROSS BOOK VALUE NO. VXLUE ~ VALUE ~ V~LUs ~.88 .... 8~1 .~.~8 ~ .~6.o62.26 8 1~,~o.~ 519 DEBIT BALANCE, DEEENBER 31, 1951 88z.871.~2 ~OR DETAILS OF BOOK VALUES BY STATES SEE ANALYSIS OF SALESMENIS AUTOMOSIL[S RECAPITULATIONw INVENTORIES JANUARY ~ AND ~ECEMBER ~lp 1~1, ACQUISITIONS, DISPOSITIONS, DEPRECIATION RESERVE* REALIZATION AND PROFIT AND LOSSp I~HICH SUPPORT ANALYSIS OF ACCOUNT No. ='/12- PROFIT AND LOSS ON DISPOSITION OF CAPITAL ASSETS.s RI ~0 1
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(:FjA85- PASSENGER AUTOMO6 IL.[S DIECrMBF'R 31, 1~e'~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE GROSS BOOK VALUE OF PASSENGER AUTOMOBILES USED BY OTHER THAN SALES DEPARTHENT, EHPLOYEEB AND CARRIED ON THE GENERAL BOOKS Or THE NEW YORK OFFICE ONLYo POSTINOEX CARDS ARE MAINTAINED BY NEW YOAK OFFICE fOR THESE PASSCNQ[R AUTO~4OBIL[SB ~H|S ACCOUH3 RECORDS: 1 - D£RITS FOR: A- VOUCHER REGISTER CHARGES FOR PURCHASES OF NEW PASSENGER AUTOMOBILESo AND ACCESSORIES FOR SUCH VEHICLESt B- CRED|TS TO ACCOUNT NO. "C~'~JL~O- SALESI4ENI$ AUTO~4OelLESn FOR GROSS BOOK VALUE OF AUTOHO61LES TRANSFERRED TO THIS ACCOUt4Te 2 " CREDITS FOR ELIHINATIONS OF BOOK VALUE OF PASSENGER AUTO#4OBILES AND ACCESSORIES SOLOf OR OTHERWISE DISPOSED DEw PER ANALYSIS Or ACCOUNT NO, "712- PROFIT AND LOSS ON DISPOSITION OF CAPITAL ASSETS,I THERE WAS NO BALANCE IN THIS ACCOUNT AT DECENBEm 31w 19~|, f3TX01 0255541
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66A20- RESERVE FOR IEPAIR CONSTRUCTION DECEMBER 31, 1951 THE CREDIT BALANCE Or THIS ACCOUNT REPRESENTS THAT PORTION Or THE ACCU)4ULATED COST Or COHSTRUCTIOH R[PAIR JOBS IN PROCESS. WHICH HAS BEEN ABSORBED IN CURRENT EXPENSES ON THE NEw YORK Office BOOKS. THIS ACCOUNT RECORDS: I - CREDITS fOR| A- DEBITS TO VARIOUS EXPENSE ACCOUNTS ON NEW YORK OrrlC£ BOOKS AT DECEMBER 31p COVER IHG EXPENDITURES FOR REPAIR$ INCURRED OH BRANCH CONSTRUCT ION JOBS DURING THE Y£AR ~HICH ~R[ NOT CHARGED TO COST AND EXPENSE ACCOUNTS BY THE BRANCHES. B° DEBITS TO VARIOUS EXPENSE ACCOUNTS OH NEW YORK OffiCE BOOKS AT JANUARY 1, TO REVERSE PRIOR YEAR CREDITS THERETO FOR THE [XCEBB AMOUNT PROVIDED IN THIS ACCOUNT ON BRANCH BOOKS OVER COSTS INCURRED. 2 " DEBITS FOR: A° CREDITS TO VARIOUS EXPENSE ACCOUNTS ON NEW YORK O~flC£ BOOKS AT DECEMBER 31m COVERING THE EXCESS AMOUHT PROVIDED IN THIS ACCOUHT ON BRANCH BOOKS DURING THE YEAR OVER COSTS INCURREOe B" CREDITS TO VARIOUS EXPENSE ACCOUNTS OH NEW YORK OFFICE BOOKS AT JANUARY 1, TO REVERSE PRIOR YEAR CHARGES THERETO COVERING EXPENDITURES FOR REPAIRS INCURRED O#1 BRANCH CONSTRUCTION JOBS ~/HICH WERE NOT CHARGED TO COST AND EXPENSE ACCOUNTS BY THE BRANCHES. THERE was NO BALANCE IN THIS ACCOUNT AT OECEHBER 31, 1~1o !.~4 0255_%42
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! :) J ~.6A30- ASSETS CAPITALIZ(O FOR RECORD D£CEHSER 31~ 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE NOHINAL VALUE AT VI.IICH CERTAIN ASSETS ARE CARRIED FOR PURPOSES OF RECORD. THIS ACCOUNT RECORDS: 1 - D£BITS FOR CR[DITS TO VARIOUS ACCOUNTS FOR THE NON|NAL VALUE Or ASSETS RECORDED IN THIS ACCOUNT. 2 - CREOSTS FOR THE NOt4|NAL VALU( OF (QUINENT SOLDw TRANSFERRED OR OTHERWISE DIS* POSED Ore PER ANALYSIS OF ACCOUNT NO* e7~2- PRO4rlT AND LOSS ON DISPOSITION OF CAP|TALASSETS,m TH( DEBIT SALANC( AT DECENBER 31, 1951 IS COHPOSED OF THe. IrOLLOWINGI I - We.|SNER STe.HH|NG ~ACHIN[ PAT(NT: EXPe.NDITURES MADE DURING 1931 AND 1932 IN PATENTINe ~e.ISNER STENHINO MACH|N(. THE TOTAL COST OF ~6,827,00 VAS CHARGED ore DECEMBER 31, 1933 EXCEPT roe NOt4INAL SUH or 2 - LUCKY STRIKE LIGHTER: (XPe.NDITURES IN THE SUM OF $2,~r22.63 .ADE OUNINO 1927 AND 1928 IN CONNECTION WITH THE PURCHASE OF LUCKy STRIKE LIGHTER, GOODWILLI PROPERTY BRANDSw [TCIw AND TO PROCURE THE DISCONTINUANCE OF THe. LUCKY STRIKE LIGHTER CORPORATIONa OR THE CHANGE OF ITS NANE 3 " MOULDSB OIESs ETC. AT VARIOUS SUPPLIERS PER DETAILS (SCHEDULE 1): EQUIPMENT PURCHASED FOR THE USE OF VARIOUS SUPPLIERS IN THE HANUFACTUR( OF PRODUCTS FOR US - TOOLS AND DIES FOR 1 ~ N/M PORTABLE SOUND PROJe.CTOR PER DETAILS (SCHEDULE 2) - COUPON STUFFER AND CARD FEe.O ATTACHHENTS IN STORAGE PER DETA|Le.D ANALYSIS MAINTAINED BY THE GENERAL ACCOUNTING DIVISION PER DETAILS (SCHEDULE 3) 6 - HALF AND HALP PIPE COLLECTION - EIGHTH FLOOR - 111 ~IFTH AVENUe. 7 " M ISCe.LLANEOUS EQUIPMENT AT VARIOUS LOCATIONS PER DETAILS (SCHEDULE ~) 1.OO 1.00 1.00 1.00 1.00 1.00 (CoNTiw~o) h l" :,iO I
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'66A30- ASSETS CAPITALIZED FO~ RECORD DECEMBER 31, 1951 pAaz 2 SSMCDU~E 1: DETAILS OF MOULDS~ DIES, ETCE AT VARIOUS.SuPPlIERS= THE BORSDORFF COMPANYo INC.I HEY YORKf NEW YORK STEEL O1¢ FOR LUCKY STRIKE BULLI$ EYE SAMPLES BROWN-SUPERIOR PRINTING CORPORAT|ONI NEV YORK, NEv YORK PLATES FOR CARLTON CLUB LABELS PLATES FOR AMERICAN MIXTURE 16 OZG LEV-AoLIFT CAN LABELS PLATES FOR VINTAGE 16 oZe LEV-A'LIFT CAN LABELS PLATES FOR ARCADIA 16 OZ. LEV-A°LIFT CAN LABELS PLATES FOR VAPORIA 16 OZ, LEV-A-LIFT CAN LABELS PLATES FOR BEST HAVANA 16 OZ. LEV-A-LIFT CAN LABELS CONSOLIDATED LITNOGRAPHING CORPORATIONs BROOKLYN: NEW YORK PLATES FOR nSERENEe 1 1/2 OUNCE rOlL LABELS PLATES FOR EL RoI-TAN ~tRAP SETS PLATES FOR ANTONIO Y CLEOPATRA LABELSl BOXES Or 20B PLATES FOR ANTONIO Y CLEOPATRA LABELSw BOXES OF ~Os PLATES FOR nALLEN AND GINTER IHPERIAL CUBEw LABELS PLATES FOR ~HONEST WEIGHTm LABELS PLATES FOR CHANCELLORo PANETELAS AND BANKERS LABELS PLATES FOR EMPRESS AND DE LUX[ CIGAR BOX ~RARS PLATES FOR CORAL KEY STICKERS CONTAINER CORPORATION or AH[RIOAw PHILADELPHIAp PI[NNSYLVANIA PLATES FOR LUCKY STRIKE 20/200S BRIGH~OOO BLANKS CONTINENTAL DIE CASTING CORPORATIONI DETROITI MICHIGAN MOULDS USED IN THE MANUFACTURE OF CHROMIUM PLATED S IONS FOR SALESMENIS AUTOeRO61LES GOLDEN BELT MANUFACTURING CONPANYI DURHAM, NORTH CAROLINA PLATES FOR BROWN BEAR 2 1/~ OUNCE LABELS INTERNATIONAL BUSINESS ~CHINES CORP,D ENOICOTTm NEW YORK ELECTROPLATES FOR TIHE CARD FORMS ELECTROPLATE FOR FACTORY FORM 1~ THE A. S. KRATZ COMPANYI INC.w RICNHDNO, VIRGINIA PLATE FOR "FRAGRANTw 12 OZo 1/1~ DOZEN CARTONS HANZ CORPORATIONw CHICAGOw ILLINOIS ORIGINAL BLOCK PATTERN PLATE FOR FACTORY 130 VAe - PALL MALL ENGRAVING$t ELECTROTYPESm MAKEREADIE$ AND TEMPLATES FOR L.S,/H.F.T. LUCKY STRIKE ~RA PPER, BOTH A .~eFe CO. AND SW[OIBH STYLE ARTWORKp ORAWINQSl ENGRAVINGS AND ELECTROTYPES FOR 1~4AR 20S CIGARETTE A.N.F. Co. STYLE WRAPPER J. H~ ~ATTHEWS ~ Co** NEW YORK, NEW YORK ORIGINAL PLATES FOR HERBERT TAREYTON 20/200/10 M CORRUGATED CONTAINERS ~ILLER -NORTH[RN CORPORATIONj NEW YORK~ N, Ye 1~ ENGRAVING PLATES FOR BUSINESS CARDS 1 ENGRAVING PLATE FOR LETT¢RN[AD (CoNT INUrD) f:~l" ',<O 1
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66A30- ASSETS CAPITALIZED FOR RECORD DECEMBER 31. 1951 PAGE 3 DETAILS or MOUND=, D.!ES, ETC, *~ V~RIOUS SUPPLI[NS: (CONTINUED) MYRNA LABEL COHPANYw NEW YORK, NEW YORK 1 BRASS OIRi PERSONAL PIPE TOBACCO ~ OUNCE 2 BRASS O1£S, PERSONAL PIPE TOBACCO 8 OUNCE 2 BRASS DI£Sj PERSONAL PIPE TOBACCO 16 OUNCE• 1 BRASS DIE, PERSONAL PIPE TOBACCO 1 ~/~ OUNCE NATIONAL FOLDING BOX C~PANYm NEW HAVEN, CONNECTICUT PLATES FOR LORD SALISBURY 20/200$ BRIGHTW~O BLANKS PLATES FOR LUCKY STRIKE 20/~0OS BRIGHTWOOO BLANKS PLATES FOR WALDORF ASTO4qlA 20/20~ CARTONS PLATES FOR SOVEREIGN 20/2005 BRIGHTWOOO BLANKS PLATES FOR HASSAN CORK TIPPED 1 DOZEN 10$ CIGARETTE CARTONS PLATES, BLUE AND REOj FOR ~CCCA ~)/~>i~S BRIGHTWOOD BLANKS ORIGINAL PLATES FOR WALNUT 20/~0~ COLLAPSIBLE CARTONS ~IGINAL PLATES FOR LUCKY STRIKE 20/20~ BRIGHTI~C~DD BLANKS NEW ERA LETTER Co.: iNC.: NEW YORK, NEW YORK 1-PAUL Me HAHN SIGNATURE CUT FOR $TOCKHOLO£RS! LETTER R. [. NOBLE ENGRAVING Coil NEV YORK, NEW YORK DIE FOR ENGRAVING ENYELOPE FLAPS OOERLY AND NEWELL LITHOGRAPH CO¢4PANYw NEW YORKw NEW YORK ORIGINAL PLATES AND ELECTROTYPES FOR BUCKING~tAH ~ OUHCE AND 1 ~ DUNE[ GLASS JAR LABELS PACIFIC PRINTINO CC4~IPANYw NEW YORKw NEW YORK 12 PLATES roe REVERS£ SIOC Or NEw YORK OFFICE FORW 1~ 12 PLATES FOR HONEST 20~JNC£ TOBACCO LABELS 2 PLATES, BLACK~ FOR GIANT LABELS PLATES FOR C~PASS 16 OUNCE TIN LABELS PLATES FOR FACTORY FORM 11~ SCNLEGEL LITHOGRAPHING COMPANYB HEW YORK, NEV YORK GLASS POSITIVES OF CO#4PLET£ ENGRAVINGSp FOR EL RoI-TAN INS TRANSFER IMPRESSIONS OF EL RoI-TAN OUTS AND FRONTS CONPLET£ NEGATIVES FOR FRESH GOLFERS INS TRANSFER INPRESSIONS OF FRESH GOLFERS OUTS AND FRONTS SORG PRINTING C(N4PANTp NEW YORK, NEW YORK 1-ENGRAVING DIE FOR LETTERHEAD STEIOINGER PRESS, |NCej NEW YORK, NEW YORK ~O-~LECTROPLAT£S FOR VARIOUS SIZES OF EL RoI-TAN TOP,SHEETS VARCO~ CLEVELAND, Ott lO PLATE FOR PURCHASE ORDER FORN N.Y.O. 10~ (CONTINUED) ~..~7 r'11" NO I 02 555,=1- 5
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6~O- ASSETS CAPITALIZED FOR RECORD DECEMBER 31, 1~1 PAGe $cNEoy~¢ 1: DETAILS OF MOULDS, DIES, ETC, AT .VARIOUS SUPPL|ERS: (CONTINUED) F. WHITING j~EW YORKw NEW YORK NEW TINT BLOCK OF THE VORDS, mTH[ AMERICAN TOBACCO COMPANYm FOR IMPRINTING NEW YORK OFFICE FORM ~-A (DIVIDEND ENVELOPES) WOOOBURY AND COMPANYp WORCESTER= HASSACHUSETTS DIE FOR SECOND SHEETS SCHEDULE ~= pETAILS or 16 M/M PORTABLE SOUNOPROJECTORS= JAM HANDY ORGANIZATION, DETROIT= MICHIGAN TOOLS= DIES AND SPARE PARTS FOR USE IN THE MANUFACTURE OF 16 M/M PNOJ¢CTORS SCHCDVLE ~; p[TAJLS..OF COUPON STUFFER AND CARO F[EO ATTACHMENTS IN STORAGE: ~-CARO FEED ATTACHMENTS IN SMOKING ~ACTORYj DURHAM= NORTH CAROLINA ~-CouPON ATTACHMENTS IN SMOKING FACTORYp DURHAH, NORTH CAROLINA 13-STUFFER reed ATTACHMENTS IN CIGARETTE FACTORY, R[IOSVILLE~ NORTH CAROLINA 77*CouPON ATTACHMENTS IN CIGARETTE FACTORY, REIDSYILLE= NORTH CAROLINA ~-CARO FEED ATTACHMENTS IN SMOKING FACTORY= RE|DSVILLE= NORTH CAROLINA ~-CoURON ATTACHMENTS IN KINNEY BUILO|NGm RICHMOND. VIRGINIA ~2-CARO FEED ATTACHMENTS IN DART ~U|LO[NG= RICHMOND= VIRGINIA SEN;DUke ~ DETAILS OF M!SCEL~AN[OUS EQUIPMENT AT VARIOUS LOCATIONS: 111 FIFTH AVENUE= NEW YORK, NEW VORK 1 UNIVERSAL STAMPING MACN INE DIORAMAS= FORMERLY PART OF WORLOIs ~A:IR EXHiBIT~ WITH COMPLEMENTARY LEAF EXHIBITS= MAPSf SHOWCASES, LiGHTiNG [QUIPMENTp [TEe 1 BOWLING TROPHY RESEARCH LABORATORY= RICHMOND,VIRGiNiA DIORAMAS EXHIBIT MATERIALS AND MURALS CIGARETTE BRANCHES AND S AND R ASSOCIATESw |NEe9 RIOG[WOOOI NEW YORK lp~3 METAL DRUMS= PURCHASED FOR US[ IN SHIPPING S AND R MIXTURE FROM S AND R ASSOCIATES, INC. TO CIGARETTE BRANCHES GARDNER DISPLAY= CHICAGO, ILLINOIS 1 LUCKY STRIKE EXHIBIT R1"~01
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J i .TOA';'O- RCSI:'RV[ FOR O[PRrCIATION OF" IMPROVEMENTS TO LAND OCC~R :31. 1951 THE CREOIT BALANCE or THIS ACCOUNT REPRESENTS A VALUATION RESERVE IrOR OrPRCCIATION OF IMPROVEMENTS TO LAND RECORDED IN ACCOUNT NO, H~A~O- iMPROVEMENTS TO LAND." THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- MONTHLY DEBITS TO ACCOUNTS: W667.1 * VACANTPROPERTY EXPENSE -- CIGARETTESp SNOKINGj ETC.~ H6~7*2- VACANT PROPERTY EXPENSE " CIGARS= n~9 * |NCOME AND EXPENSE - RAILROAD SPUR AND DWELLINGS AT DURHAM* NORTH CAROLINAn FOR MONTHLY DEPRECIATION EXPENSE CALCULATED ON FIRST OF TH£ HONTH DE PRECIABL[ GROSS BOOK VALUES. B- MONTHLY DEBITS TO ACCOUNT NO. I~TS- DEPRECIATION AND INCOME - FIXED ASSETS RENTED TO ~MERICAN SUPPLIERS: |NCORPORAT[On FOR DEPRECIATION ON IMPROVEMENTS TO LAND OWNED 8Y THE AMERICAN TOGACCO CO#4PANY BUT USED BY AMERICAN SUPPL|CRS, INCORPORATED, THIS I$ A NENORANDUH ACCOdNT, MONTHLY OFFSETTING ENTRIES ARE HAD[ DEBITING ACCOUNT NO. W~0A2~- AH~RICAN SUPPLIERSw INCORPORATEDm AND CREDITING ACCOUNT NO. GT~, C- MONTHLY DEBITS TO BRANCHES FOR DEPRECIATION CALCULATED ON FIRST OF THE MONTH OCPRECIABL[ GROSS BOOK VALUES OF IMPt~OVEH[NTS TO LANI~ LOCATED AT BRANCHES. 0" MONTHLY DEBITS TO ACCOUNT NO. m~OAl~- LEAF DEPARTMENTB FOR DEPRECIATION CALCULATED ON FIRST OF THE MONTH DEPREC IABLE GROSS BOOK VALUES OF IMPROVEMENTS TO LAND LOCATED AT LEAF DCPAR~ENTS. 2 * 0COLTS FOR ELIN|NATIONS Or ACCRUED DEPRECIATION ON IHPROV1CMENTS TO LAND ~OLD OR OTHERWISE DISPOSED OF. A SUHHARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: 1- OTHER INPROVEHCNTS TO LAND CREDIT BALANCE, JANUARY 1 w 1951 OCPRECIATION ACCRUED DURING THE YEAR AND CMARG[D TO ACCOUNT NOS.: ugOAt~- DURHAM BRANCH" 1,531,0~ "~OAI~- LEAr 0EPARTMENT" 1~0.~ "90A20- LOUISVILLE BRANCHn 632,52 "9OA30- REIDSVILLE 3RANCH" 2G7.24 "~(~llk3~- VIRGINIA BRANCH" 13.32 n~T5 -OEPRECIATION AND INCON[* FIXED ASSETS RENTED TO AMERICAN SUPPLIERS, INCORPORATEDm LESS: ACCRUED DEPRECIATION ON DISPOSITIONS DURING THE YtAR PER ANALYSIS OF ACCOUNT NO. =~12- J~tO1riT AND LOSS ON DISPOSITIO~ OF CAPITAL ASSETSm CREDIT BALANCE, OECENBER 31, 1~1 (CONTINUED)
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. ,f "~0A20- RI:SERVE FOR DEPRECIATION OF" IMPROVEMENTS TO LAND DCCEMBER 31, 1951 PAGE 2 ~- PAVINGI ~TCj_ ON COMPANY PROPERTY CREDIT BALANCE, JANUARY 1, 1~1 189,835.o~ DEPRECIATION ACCRUED DURING THE YEAR AND CHARGED TO ACCOUNT NOS.: "~AI~- DURHAM BRANCH" I ,~30.~ "9OA16- LEAr DEPARTMENTn ~,079.~ "9OA20- LOUISVILLE BRANCH" 3,392,98 ngOA30- RClDSVILLE BRANCH" !,5~7.16 "~OA~- VIRGINIA BRANCH" 6(~.21 m67~ - DEPRECIATION AND INCOME - FIXED ASSETS RENTED TO AMERICAN SUPPLIERSm |NCORPORATEOj .22,756.92 LESS: ACCRUED DEPRECIATION ON DISPOSITIONS DURING THE YEAR PER ANALYSIS or ACCOUNT NO. "712- PROFIT AND LOSS ON DISPOSITION or CAPITAL ASSETSen CREDIT BALANCE~ DECEMBER 31 , 1951 280 3- ~AILROAD SPUNI DURHAM4 NORTH CAROLINA ..... RESERVE rQ~DEPRE~tAZION __ RATE OF JANUARY I. 1951 I~I DECEMeER 31, CLASSIFICATION ~ 1(j~jl ADDITIONS DISPOSITIONS 1951 BRIDOES, CULVERTS AND RAILS 2~ 27,620.60 1,~26.O8 29,0~6,~ PARKING LOT PAVEMENTS 5~ ~0.10 31~.~0 99~e,~)O PARKING LOT MARKING POSTS AND RAILS 5( I~H~.~5 11~.~0 310.85 TEAM CROSSINGS ~,~ 1,732.56 1,732,56 BALLAST AND FENCES 10~ 20,896.75 20,896.75 CREOSOTE T,ES - (A) 1~.718.95 1~.718,9~ 6~.865.21 I.~55.o8 66.7o0.29 (A) PRIOR TO JANUARY 1. 1937, CREOSOTE TIES WERE DEPRECIATED AT AN ANNUAL RATE Or ~. SUBSEQUENT TO THIS DATE ANY REPLACEMENTS OF TIES ARE CHARGED TO ~CCO4JNT NO. n66~_ INCOME AND EXPENSE - RAILROAD SPUR AND DWELLINGS AT DURHAMs NORTH CAROLINA.n CREDIT SALANC[ JANUARY 1. 1951 DEPRECIATION ACCRUED OURINQ THE YEAR LESS: DISPOSITIONS DURING THE YEAR CREDIT eALANCE, DECEMSER 31, 1951 ~USACCO4JMT SUSACCOUNT SUeACCOUNT 1 2 ~ ~ TOTAL ~II,9~I .~W 189,8~.OIl (~t,~15.21 339,631.69 h ,513.29 22,T56.92 1,855.08 29,125.29 19~.~ ,2,80 196,1~ :I_60 F~I':,'(OI O'-" ~'-34-8-- _ _ _
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7.OA21- RESERVE FCR AHORTIZATION OF IMPROVEH[NT$ TO PROPERTY LEASED FROH N~RICAN CIG/~ETTE At~ CIGAR COHPANY DECEHBER 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE AHORTIZEO PORTION OF IHPROVEHZNTB TO PROPERTY LEASED PROM AMERICAN CIGARETTE AND CIGAR COMPANY, THE GROSS VALUE OF WHICH IS CARRIED IN ACCOUNT NO. "65A21- IMPROVEMENTS TO PROPERTY LEASED FROM ~ERICAN CIGARETTE AND CIGAR COHPANT+II AMORTIZATION IS COHPUTIrD AS FOLLOWS! ~JILOINOS AND BUILDING [QUIPHENT PHILADELPHIA BRANCH OTHER LOCATIONS MACHINERY ANO [QUIPHENT OFFICE FURNITURE AND EOUIPHEWI' THIS ACCOUNT RECORDS: 1 - CREDITS FOR: 2 1/z~ PER ANNU. PZR ANNUM 5~ PER ANNUM 6.67~ PER A~NUM A- MONTHLY CHARGES TO BRANCHES AND LEAF DEPARTMENTS FOR A~ORTIZATION CALCULATED ON THE FIRST OF MONTH AMORTIZABLE GROSS BOOK VALUE OF IMPROVEMENTS TO PROPERTY AT ACTIVE LOCAT|ONS* B° MONTHLY CHARGES TO ACCOUNT NO. 1~7.2- VACANT PROPERTY EXPENSE - CIGARSm rOR AMORTIZATION CALCULATED AS ABOVE ON IMPROVEMENTS AT TRENTON LEAr DEPARTMENT. C- DEBITS TO THIS ACCOUNT fOR TRANSrgRS BETWEEN LOCATIONSo 2 - DEBITS fOR: A- [LIMINAT ION Or ACCRUED AMORTIZAT ION ON ITEMS CAPITALIZED IN ACCOUNT No, ~)AL:~ VHI ¢H WERE RECLASSIFIED, SOLO OR OTHZR~d|S[ DISPOSED OF. B- CREDITS TO THIS ACCOUNT fOR TRANSFERS BE'I'VEEN LOCATIONS, A SUMMARY ANALYSll OF TRANSACTIONS FOR THE YEAR 19~| FOLLO~JS: CREDIT BALANCE JANUARY 1, 1951 AMORTIZATION ACCRUED DURING THE YEAR: CHARLESTON KENTUCKY PHILADELPHIA NORFOLK PETERSBURG TRENTON TOTAL ~qANCHZS TOTAL LeAF DEPARTMENTS TOTAL ALL LOCATION3 Ac¢OVNT CHARGED 22~.6~ 16o.~6 293.09 LBSS: ACCRU¢D AMORTIZATION ON IMPROVEMENTS DISPOSED Or DURING THE YEAR CREDIT BALANCE 0BCENBCR 31, 1951 -O- 3,885.7o
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7OA25- RESERVE FOR DCPREClATICN OF" BUILDINGS AND BUILDING FIXTURES DrCEt4BCR 31, 1~1 THE CREDIT BALANCE Or THIS ACCOUNT REPREBENTS THE ANOUNT OF ACCRUED DEPRECIATION OH BUILDINGS AND BU|LO IHG FIXTURES p THE GROSS BOOK VALUE OF WHICH IS INCLUDED IN ACCOUNT NO. #~jA35- BUILD INGS AND BUILDING FIXTURES*m THIS ACCOUNT RECORDS: 1 " CREDITS FORI A* MONTHLY DEBITS TO VARIOUS EXPENSE ACCOUNTS FOR OEPREDIATION EXPENSE CALCULATED ON FIRST OF THE MONTH DEPRECIABL£ BOOK VAL~EB* B" MONTHLY DEBITS TO ACCOUNT NO* "67~- DEPRECIATION AND INDOf4E- FIXED ASSETS RENTED TO AMERICAN SUPPLIERS* |NDORPORATEDw FOR DEPRECIATION ON BUILDINGS AND BUILDING FIXTURES OWNED BY THE AMERICAN TOBACCO COHPANY BUT USED BY AMERICAN. SUPPLIERS, INCORPORATEDe THIS ~ A HEMORAHOUH ACCOUNT. MONTHLY OFFSETTING ENTRI~ES ARE MADE DEBITING ACCOUNT NO. m~25- ANERICAN SUPPLIERSw |NCORPORATCDn AND CREDITING ACCOUNT NO. 675. C- MONTHLY DEBITS TO BRANCHES FOR DEPRECIATION CALCULATED ON FIRST O¥ THE MONTH OEPREDIABLE GROSS BOOK VALUES OF BUILDINGS AND BUILDING FIXTURES LOCAT(O AT VARIOUS BRANCHES. D- MONTHLY DEBITS TO ACCOUNT NO. w~l~- LEAF DEPARTNI[NTI FOR DEPRECIATION CALCULAT£O ON FIRST or THE MONTH OEPRECIAJILE GROSS BOOK VALUES OF BUILDINGS AND BUILDING FIXTURES LOCATED AT LEAF O(PARTMRNT$. 2 ~ DEBITS FOR [LIHINATION OF ACCRUED DEPRECIATION ON BUILDINGS AHO BUILDING FIXTURES TRANSFERRED TO OTHER CLASSIFICATIONS, SOLO OR OTHERWISE DISPOSED or. A SUH~ARY ANALYS IS OF TRANSACT IONS FOR THE YEAR 1951 FOLLOWS I CRrOIT BALANCEw JANUARY 1 • 1951 DEPRECIATION ACCRUED DURING THE YEARI CHARGED TO BRANCHES: DURHAH 138,42h,26 LOUISVILLE 135,O5%TT NAS.VILLE h~8.37 REIDSVlLL£ 176,T2~.0~ VIRGINIA 117,118.O6 CHARGED TO THE FOLLOWING ACCOUNTS: 632.1- STORE AND GENERAL ADVERTISING - C IGARETTES~ SHOKIt%~, ETC. ,~8 ~0*1- SALVAGE AND EXPENSE - RETURNED GOODS - C IGARETTES,INOKIHG, £T¢, ~2~,00 ~7.1-- VACANT PROPERTY EXPENSE - CIGARETTES, SNOKING, ETC. 1,273.52 668,1- INACTIVE EQUIPMENT EXPENSE - CIGARETTES, SHOKING, ETC. 3.513.96 C~.2- INACTIVE EQUIPMENT EXPENSE- CI~&ARS 12.2~ 9,935,~6.oo 567,77~.5o (CONTINUED) RI" XO 1 ",~ O~_.5550
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J 7OA25- RESERVE F~ ~P[CIATIO~ (~" ~UILOINC-S AND BUILDING FIXTURES D(:CEI41~R 31, 1 951 PAQC 2 67~.1- ODSOLET¢ WRAPPING MATERIAL AND EXPENSES - C IOARETTESB SMOKING, [TO. 110.39 675 - DEPRECIATION AND INCOe4[ * FIXED ASSETS RENTED TO ANERICAN SUPPLIERS, INCORPORATED 159,~01.O~ ~11.1- UNDISTRIBUTED EXPENSE - CIGARETTES, SMOKING, ETC. 191.02 7~.1- DEPARTHENT or MANUFACTURE - C IOARETTCS, SNOK|NG; ETC. 1~.1~ 3~2~- PROVISION tON DUTY. raEl~T, ETC. oN TONCA SEA. Z~.36 90A16- LEAr DtPARTHENT TOTAL CHARGES DURING THE YEAR LESS: ACCRUED DEPRECIATION ON SALES AND OTHER DISPOSITIONS DURING THE YEAR P¢R ANALYSIS OF ACCOUNT NO. "712- PRorIT AND LOSS ON DISPOSITION OF CAPITAL ASSETS.I CREDIT BALANCE, OECCNSER 31, 1951 t~G,3- I~:I 1" :~IO "I 0255551
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q 4 :rOAl;O- RESERVE FOR DtEPRrCIATIOH OF MACHINERY AND [QUIF~I[NT DECEMBER 31, 1~1 THE CREOIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT Or ACCRUI[O DEPRECIATION ON MACHINERY AND rQUIPHENT INCLUDED IN THE FOLLO~/ING ACCOUNTS ON NEt# YORK 0FrlCEw BRANCH AND LfAF DEPARTMENT BOOKS: Ill6r-~(~ MACHINERY AND [OUIPHENT" II~;)r~_ MACHINERY AND EQUIPMENT ON STORAGEII I~A~- SOrT WORK CIGAR MACHINES LEASrlD FROM |NTCRHAT|ONAL CIGAR MACHINERY COMPANYN 1~1~8- MACHINERY AND EQUIPMENT ON LOAN TO J. WIX Jt. SONS, LTO,m THIS ACCOUNT RECORDS| 1 - CREDITS FOR= A- MONTHLY CREOITS FRO44 BRANCHC$ OH FACTORY FORMS 23 FOR DEPRECIATION CALCULATEO ON FIRST OF THE HONTH DEPRECIABLE GROSS BOOK VALUE Or ACTIVE AND INACTIVE MACHINERY AND EQUIPMENT LOCATED AT VARIOUS BRANCHES. OEPRECIATION APPLICABLE TO INACTIVE EQUIPM£NTw INCLUO[O IN THESE CR[OITS~ IS CMARG[O BY BRANCH[B THROUGH FACTORY FOR~ 13 TO NEW YORK OFFICE ACCOUNT NOS, 16~,1- |NACTIV[ EQUIPMENT EXPENSE - ~IOARE~TESj SMOKING, ETC,w AND N~,2- INACTIVE EQUIP l dENT EXPENSE * CIGARS,w B- MONTHLY CREDITS FRO4q THE LEAF DEPART)4ENT COVERING OEPR[C IATION CALCULAT[O'O44 FIRST OF THE MONTH OEPR[CIABL[ GROSS BOOK VALUES OF ACTIVE MACHINERY AND £QUI'PMENT LOCATED AT LEAF DEPARTMENTS. C* MONTHLY DEBITS TO ACCOUNT NO, |~.1- |NACTIV[ EQUIPI4ENT EXPENSE - CIGARETTES~ SMOKING, ETC.s ANO n66~,2- INACTIVE ~QUII~4EHT EXPENSE - CIGARSn FOlK OEPR[CIATION CALCULATEO OH THE O[PR[CIABLE BOOK VALUE AT THE BEGINNING OF THE MONTH OF ALL INACTIVE MACNIN[RY AND EGUII~MENT ON LEAF DEPARTMENT AND NEW YORK OFFICC RECOROSo 0- MONTHLY OEBITS TO ACCOUNT NO, n~. OEPRECIATION AND INCOME" - FIXED ASSETS RENTED TO AMERICAN SUPPLIERS~ |NCORPOKATCOa FOR OEPR[CIATION CALCULATCO ON FIRST or THC MONTH OEPRECIABLE GROSS BOOK VALUE OF ACTIVE MACHINERY AND EQUIPMENT RCNTCO TO AMERICAN SUPPLICRSs |NCORPORATEO, [- MONTHLY DEBITS TO ACCOUNT NO, "~11.1- UNDISTRIBUTEO EXPENSE - CIGARETTES, SMOKING, ET¢,ff FOR DEPRECIATION CALCULAT£O ON THE OEPRECIABL[ BOOK VALUE AT THE BEGINNING OF THE MONTH OF ACTIVE MACHINERY AND EQUIP t dENT ON LOAN TO J, WIX ~ SONSw LTD. ~- MONTHLY BEBITB TO VARIOUS CXPENSE ACCO~JNTS FOR OEPRCC IATION CXPEHSE ¢ALCULAT[O ON FIRST OF THE HONTH OCPRECIABLE BOOK VALIJCS. 2 - OEBITS FOR ELIHINATION OF ACCRUEO DCPRCC|ATION ON MACHINERY AND EQUIPMENT TRANSFERRED TO OTHER CLASSIFICATIONS, SOLO OR OTHERIdlS[ DISPOS[O OF, A SUMMARY ANALV~IS OF TRANSACTIONS FOR THE YEAR 1~1 FOLLO%/S| (CoMTINUEB)" ° . L
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[ - • _ i 7OAhO- RESrRVI:" F0R DEPRECIATION Of HACHII~RY AND EQUIPHENT OEC[~R 31, 1951 PAGE 2 CREOIT BALANCE~ JANUARy 1, 1~i DEPRECIATION ABSORBED DURING THE YEAR BY BRANCHES: CHARLESTON DURHAH LOUISVILLE AND KENTUCKY NASHVILLE PHILADELPHIA REIDRVILLE SERAMTONI VILK¢$'-~ARRE AND ASHLEY VIRGINIA AND RICHNOND CHARGED TO ACCOUNT NGSo: 16~2el- STORE AND GENERAL ADVERTISING - "632,2- "650.1- "668.1 - "668.2- "675 - "7o8.2- "711.1 - "9o.16- CIGARETT[Sm SNOK|NGw ETC.s STORE AND GENERAL ADVERTISING - CIGARSn SALVAGE AND EXPENSE o RETURNED GOODS - CIGARETTESj SNOKING, ETCel INACTIVE EQUIPNENT EXPENSE " CIGARETTES# SHOKINGo ETCjrl INACTIVE ¢QUIPNENT EXPENSE " CIGARSw DEPRECIATION AND INCONE " FIXED ASSETS RENTED TO ANERICAN SUPPLIERS, |NCORRORATEDN UNABSORBED EXPENSES - CIGARSw UNDISTRIBUTED EXPENSE - CIGARETTES, SHOKINGD [T¢~I LEAF OERAR~IENTI LESS: ACCRUED DEPRECIATION ON DISPOSITIONS DURING THE YEAR PER ANALYSIS OF ACCOUNT NO. "712- PROFIT AND LOSS OM DISPOSITION OF CAPITAL ASSETS" CREDIT BALANC[, DECE~ER 31# 1951 2h,05~.02 265,52o,~2 317,~8.95 ~82.9~ 3,157.23 la9,~96.3~ 6,a73.gh 219,~35.61 65.16 15~,62 182.1o 36,508.91 3h2.37 9e5,3~9.~5 18~,oa6,~ 9,o38,C~7.22 lO,188,o62.75 ~69,~69.70 It,5 A l" Y(O'! 0255553
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7OA~O- RESERVE FOR DEPRECIATION OF" OFFICE FURNITURE AND EQUIPMENT DECEMBER 31, 19~1 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT or DEPRECIATION ACCRUED ON OFFICE FURNITURE AND EQUIPMENT INCLUDEb IN THE FOLLOWING ACCOUNTS ON NEW YORK OrrlC£, BRANCH AND LEAr BEPARTNENT mOOKSl e~. OFFICE FURNITURE AND [GUIFMENTfl e~A70- OFFICE FURNITURE AND EQUIPMENT ON STORAGE" THIS ACCOUNT RECORDS$ 1 - CREDITS FOR: A- MONTHLY CREDITS FROM BRANCHES ON ~ACTORY ~ORHS 23 FOR DEPRECIATION CALCULATED ON FIRST OF THE MONTH DEPRECIABL[ GROSS BOOK VALUES AT ACTIVE AND I NACTIV[ OFFICE FURNITURE AND EQUIPMENT LOCATED AT VARIOUS BRANCHES. DEPRECiATION AP- PLICABLE TO INACTIVE EQUIPMENTw INCLUDED IN THESE CREDITSa IS CHARGED BY BRANCHES THROUGH FACTORY FORMS 13 To NEv YORK OFFICE ACCOUNT Nos. m6~,1- |N- ACTIVE EGUIP~4ENT EXPENSE - ClGAR[TTESw SMOKINGo ETC,w AND m6~.2- INACTIVE EQUIPMENT EXPENSE - CIGARS.R MONTHLY CREDITS FROM THE LEAr DEPAR~4ENT FOR DEPRECIATION CALCULATED ON FIRST OF THE MONTH DEPRECIABLE GROSS BOOK VALUES OF ACTIVE OFFICE FURNITURE AND EQUIPMENT LOCATED AT LEAF DEPARTMENTS. C- MONTHLY DEBITS TO ACCOUNT NO, "~.2- |HACTIVE EQUIPHENT EXPENSE - CIGARSm FOR DEPRECIATION CALCULATED ON THE DEPRECIABLE GROSS BOOK VALUE AT THE BE- GINNING OF THE MONTH OF ALL INACTIVE OFFICE FURNITURE AND EQUIPMENT ON NEW YORK OFFICE RECORDS, D- MONTHLY DEBITS TO ACCOUNT NO. "72~- OFFICE SPACE AND EQUIPMENTH FOrt DEPRECIA- TION CALCULATED HONTHLY ON FIRST OF THE MONTH DEPRECIABLE GROSS BOOK VALUE OF OFFICE FURNITURE AND EQUIPMENT IN NEW YORK OFFicE. [- MONTHLY DEBITS TO ACCOUNT NO, "~7~" OEPRECIATION ON |NCOM[ - FIXED ASSETS RENTED TO AMERICAN SUPPLIERS, INCORPORATEDm FOR DEPRECIATION CALCULATED ON FIRST OF THE MONTH DEPRECIABLE GROSS BOOK VALUES OF ACTIVE OFFICE rURHITUR[ AND [OUII~IENT RENTED TO AMERICAN SUPPLIERSe INCORRORATEOg THIS IS A H[MORANDUM ACCOUNT. AMERICAN SUPPLI[RSj INCORPORATED RENDERS HONTHLY CREDITS WHICH OFFSET THESE DEBITS, F- MONTHLY DEBITS TO ACCOUNT NO. "722- GENERAL AND ADMINISTRATIVE EXPENSEB FOR DE- PRECIATION CALCULATED MONTHLY ON FIRST OF THE MONTH DEPRECIABLE GROSS BOOK VALUE OF OFFICE FURNITURE AND EQUIPMENT L~CATEO AT SEABOARD TERHINAL AND REFRIGERATION COMPANY, JERSEY CITYj NCV JERSEY AND AT MR. T. W. HARRIS! OFFICE, SAN FRANCISCOp CALIFORNIA, G" MONTHLY DEBITS TO ACCOUNT NO. 8~1~- TRENTON EMERGENCY oFFicE EKP£HS£" ro~ DEPRE- CIATION CALCULATED ON FIRST OF THE MONTH OEPRECIABL[ GROSS BOOK VALUE OF OFFICE FURNITURE AND EQUIPMENT LOCATED AT 31HE TRENTON EMERGENCY OFFICE AT COLLEGE AND DIVISION STREETSp TRENTONw NEW JERsET. H~ MONTHLY DEBITS TO ACCOUNT NO. '75G.1- DEPARTMENT OF MANUFACTURE - CIGARETTESw SMOKINGw ETC.w FOR DEPRECIATION ¢ALCU1LATED ON FIRST OF THE MONTH D[FNECIADLC GROSS BOOK VALUE OF OFFICE FURNITURE AND EQUIPMENT LOCATED IN MR, CHARLES E. GAGEIS OFFIC[~ WASHINGTON~ Dt C. 2 - DEBITS FOR [ LIMINATION OF ACCRUED DEPRECIATION OF OFFICE FURNITURE AND EQUIPMENT TRANSFERRED TO OTHER FIXED ASSET CLASBIrlCATIONS~ SOLDB OR OTMERVISE DISPOSED OF. (CONTINUtO) _~GG 02555:~,~ ~T~O1
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iI....... "(OA~(~- RESERVE FOR DEPRECIATION OF OFFICE FURNITURE AND EQUIPHENT I~CEI4BER 31, 1951 PAD[ 2 A SUNHARY ANALYSIS Or TRANSACTIONS fOR THE YEAR 1951 FOLLOWS: CREDIT BALANCE JANUARY I, 131 DEPRECIATION ABSORBED DURING-THE YEAR BY BRANCHES: CHARLESTON 1 ,1~6.82 DUMA. 3,~O3.83 LOUISVILLE AND KENTUCKY lO,03Tohh NASHVILLE 1(~.¢:~3 P. ILADCLPNIA 9~.36 REIDSVlLL[ G,6~.10 SCRANTON. WILKES-BARRE ANO ASHLEY 3o83h.31 VIRGINIA AND RICHMOND CHARGED TO ACCOUNT NO5.: E6~.1-- |NACTIVE EQUIPMENT EXPENSE -- CIGARETTES$ S.OXIN=, ETC." ~77.63 "6~,2- INACTIVE EQUIPHENT EXPENSE - CIGARSw 11~,01 "675 -- OEPRECIATION AND INCOME - FIXED ASSETS RENTED TO ANERICAN SUPPLIERS,INCORPORATED 5.539.26 m722 -- GENERAL AND ADNINI/TRATIVE EXPENSEa 3~.5~ ITL:>~- Office SPAC¢ AND ¢QU|PNZNTI 26,133.18 mTll~ - TRENTON ENERGENCY OffiCE EXPENSE" 6,928.67 W756,1- DEPARTNENT Or NANUFACTURE - CIGARETTESJ S.OR,NG, ETC." 1.~.3h "~AI~- LEAF DEPARTMENTw LESS: ACCRUED DEPRECIATION ON TRANSFERS AND OTH[R DISPOSITIONS DURING THE YEAR PER ANALYSIS or ACCOUNT NO. "~12- PROFIT AND LOSS ON DISPOSITIONS OF CAPITAL ASSETSq CR[DIT SALANC[, D[CENBER ~|, 131 b,3,92t .2o 716,9h1.~ 89.190.20 806.131 .~ 22,072.71 f=l 1" :K 01 ~lP'hf 02~ ....
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TOA75- RESERVE FOR DEPRECIATION G¢" SALESMENIS AUTOHOBILES" DCCEHE~R 31. 19~1 THE CREOIT BALANCE OF THIS ACCOUNT REPRESENTS THE ANOUNT OF ACCRUEO OEPR[CIATION ON SAL[SNENIS AUTOHOGIL[S, THE GROSS BOOK VALUE OF ~/1t1¢H IS RECORDED IN ACCOUNT NO. I~A~)- SALCSNENIS AUTO- HOB ILES#m DEPRECIATION |S CALCULAT£O HONTHLY AT ~ Or THE FIRST Or HONTH O£PR[CIABL[ GROSS BOOK VALUE. THIS ACCOUNT RECORDS: 1 - CREOITS FOR: A- DEBITS TO ACCOUNT NOSe "616.1- SAL[SMCN|S SALARY ANO EXPENSE - CIGARETTES, SHOKINQ, ETC." AND "616.2- SAL[$HENIs SALARY AND EXPENSE - CIGARSI fOR THE FOLLOWING: 1- MONTHLY DEPRECIATION ON AUTOt4ODILCS. 2- ADJUSTMENTS IN THE OERRECIATION R[SERV[ NECESSARy BECAUSE OF ADJUS.Tlq[NTS IN CAPITALIZEO COSTs ~- D[BITS TO THIS ACCOUNT fOR TRANSFERS BETWEEN STATESe 2 - DEBITS rORI A- ELIHINATION OF AECRU[O DEPRECIATION ON AUTONOBILES DISPOSED OF= B" CREOITS TO THIS ACCOUNT FOR TRANSFERS BETVI[EN STATESI C- OVERPROVI$1ON ON AUTOMOBILES ~ICH WlCR[ tULLY DEPREC IATCO AT DECEHBER 31 • 1~1. A SUNNARY ANALYSIS Or TRANSACTIONS FOR THE YEAR 1~:~| FOLLOW~: CREDIT BALANCE. JANUARY lj 1951 Aoo: DEPRECIATION FOR YEAR ¢HARQ[O TO ACCOUNTI NO. n616.1- SALESNENIS SALARY AND EXPENSE * CIGARETTES, SHOKING. [TCs" NO. "616.2- SALESNENtS SALARY ANO EXPENSE -- CIGARSn TOTAL DEOUCT: I~51 OVERPROVISION AT DE¢ENSER 31, 1951 CREDITED TO ACCOUNT~ No, "Tl1.1- UNDISTRIBUTED EXPENSE -- CIGARETTE$~ $NOKINGe [TC.w NO. "711.2o UNOISTRIBUTEO EXPENSE - CIGARS" ACCRUEO OEPREC IATION ON AUTOHOBILE$ SOLO CREOIT BALANCE, DECEHBER 31, 1951 Z~,~TD.75 188,563.83 3,312.36 368°37 ~6.~8.09 ~OR DETAILS OF RESERVE FOR DEPRECIATION BY STAT[B BEE ANALYS|S OF BALCSNEN"S AUTOMOelLES RECAPITULATION~ INVENTORIES JANUARy 1 AND DECE[qSER 31~ 19~1J ACQUISITIONSI DISPOSITIONS, DEPRECIATION RESENVEj REALIZATION AND PROlt|T AND LOSS, t~llCN SUPPORT ANALYSIS oF AccO¢JNT N~ :712- PROFIT AND LOSS ON DISPOSITION Of" CAPITAL ASSETS,m RI'~01 02 555_~6
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-_ r ? ,! 7OA80- RESERVE FOR DEPR£ClATION Of" PASSENGER AUTOMOBILES OECC~R 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF ACCRUED DEPRECIATION ON PASSENGER AUTO- HOBILtSI RECORDED ON NEW YORK OFFICE, BRANCH AND LEAF DEPARTMENT BOOKS IN ACCOUNT NO. n~-~8~- PASSENGER AUTOMOGILESow THIS ACCOUNT RECORDS: 1 - CREOmTS FORI A- MONTHLY CREDITS FRO~4 BRANCHES ON FACTORY FORMS 23 FOR DEPRECIATION CALCULATED AT 2~ ON FIRST OF MONTH DEPRECIABLE ¢bROSS BOOK VALUE OF PASSENGER AUTO(14OelLE$ LOCATED AT BRANCHESo B" MONTHLY CREDITS FROM THE LEAF DEPARTMENT FOR DEPRECIATION CALCULATED AT 2~ ON FIRST or MONTH DEPRECIABLE GROSS BOOK VALUES OF PASSENGER AUTOMOBILES LOCATED AT LEAF DEPARTMENTS. C- MONTHLY DEBITS TO ACCOUNT NO, mT~6ol- DEPARTMENT Or MANUFACTURE - ClGARETTESj SMOKING, ETCoN FOR DEPRECIATION CALCULATED ON FIRST Or MONTH OEPRECIABLE BOOK VALUE OF PASSENGER AUTOMOBILES AT DLk~HAM AND VIRGINIA BRANCHES6 2 - DEBITS roRz A- [LIHINATIUN OF RESERVE APPLICABLE TO PASSENGER AUTOMOBILES SOLD OR OTHCR~MISE DISPOSED Or DURING THE YEARe B- CREDITS AT YEAR END TO ACCOUNT NO° ~11,1- UNDISTRIBUTED EXPENSE - CIGARETTES, SMOKING, CTC,w AND w711e2- UNDISTRIBUlrED EXPENSE - CIGARSa FOR DEPRECIATION ACCRUED IN EXCESS OF THE REQUIRED RESERVE FOR DEPRECIATION ON EACH PASSENGER AUTOMOBILE, A SUt4qARY ANALYSIS or TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: CREDIT BALANCE, JANUARY 1, 19~1 DEPRECIATION ABSORBED DURING THE YEAR BY BRANCHES CHARLESTON 530.~O LOUISVILLE AND KENTUCKY 763.81 REIOSVlLLE 739.7~" SCRANTON, WIEKES-BARR[ AND ASHLEY 9~,~2 VIRGINIA AND RICHMOND CHARGED TO ACCOUNT NOS,: "71]el- UNDISTRIBUTED EXPENSE - CIGARETTES, SMOKING* ETC.fl "711.E- UNDISTRIBUTED EXPENSE - CIGARSm "~.1- DEPARTMENT OF MANUFACTURE - CIGARETTES, SMOKINGp ETCen "~OAI~- LEAr DEPARTHENT" L¢SS: ACCRUED DEPRECIATION ON DISPOSITIONS DURING THE YEAR PER ANALYSIS ACCOUNT NoD "7|2- PROrlT AND LOSS ON DISPOSITION OF CAPITAL ASSETSw CREDIT GALANCE, DECEMBER ~1, 1951 .26 .03 5,071,99 I b ,o96.87 :1.G9 RI"HO1 0255557
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.... -.\! i 7OA90- RESERVE FOR DEPRECIATION OF" AUTOHOSIIr TRUCKS, TRACTORS AND TRAILERS D~CE~R 31, 1~ THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT Or ACCRUED DEPRECIATION ON AUTOMOBILE TRUCKSI TRACTORS AND TRAILERS RECORDED ON BRANCH AND LEAF DEPARTH[NT BOOKS IN ACCOUNT Hoe 10r~90- AUT~4OSILE .TRUCKSp TRACTORS AND TRAILERS." THIS ACCOUNT RECORDS: I"- CREDITS FOR: A- MONTHLY CREDITS FROM VARIOUS BRANCHES FOR DEPRECIAT|ONCALCULATEO ON FIRS1 OF MONTH DEPRECIABLE GROSS BOOK VALUES OF AUTOMOI~ILE TRUCKS~ TRACTORS AND TRAILERS LOCATED AT BRANCHES. B- MONTHLY CREDITS rRO(q THE LEAF DEPARTMENT FOR OEPR[CIATION CALCULATED ON FIRST or HONTH OEPRECIA~L[ GROSS BOOK VALUES or AUTO~IOBILE TRUCKS, TRACTOqS AND TRAILERS LOCATED AT LEAF DEPARTMENTSe 2 -DEBITS FOR: A- ELIMINATION OF RESERVE APPLICABLE TO AUTONOSlLE TRUCKS SOLO OR OTHERWISE DISPOSED OF DURING THE YEARI B- CREDITS AT YEAR END TO ACCOUNT NOSo "711.1- UNDISTRIBUTED EXPENSE - CIQARETTESj SMOKINGw ETC." AND W711 e~" UNDISTRIBUTED EXPENSE -- CIGARS" FOR DEPRECIATION ACCRUED ON EACH AUTOt4OB|LE TRUCK, TRACTOR AND TRAIL[R IN EXCESS Or 10~ Of THEIR GROSS BOOK YALUEe A SUHHARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~(F~1 FOLLOWS: CREDIT BALANCEj JANUARY 1, 1951 DEPRCCIATION ASSORBED IN SRANCH COSTS: DURHAM LOUISVILLE REIOSVILL£ VIRGINIA O£PRECIATIOH CREDITED BY LEAF ~EPARTMENTS I,O~.O9 921.~3 LESS: ACCRUED DEPRECIATION ON DISPOSITIONS DURING THE YEAR, PER ANALYSIS OF ACCOUNT NO° n7~2~ ~OFIT AND LOSS ON DISPOSITION OF CAPITAL ASSETS.w EXCESS ACCRUED DEPRECIATION ON AUTO#4OBIL£ TRUCKSl TRACTORS AND TRAILERS, CREDITED TO ACCOUNT NO. n711.1- UNDISTRIBUTED EXPENSE - CIGARETTES, SNOKINGm ETC.m CREDIT SALANCE, DECEHBER 31, 19~I 6,3~O.6T IO,716.4o 113.638.73 !'70 f~'r F¢O 10255558
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° ..q ~A20- NET VALUE OF FIXED ASSETS AND INTANGIBLES LEASED FROM AMERICAN C IGARETTE AND C IGAR COHPANY ~CE~ER 31. 1~ THE CREDIT BALANCE Of THIS M[NBRANDUM ACCOUNT IS A PARTIAL OFFSET TO MEMORANDUm1 ACCOUNT NO, eT~A10- FIXED ASSETS AND INTANGIBLES LEASED FROH AMERICAN CIGARETTE AND CIGAR CONPANY,m THE BALANCE IN* ELUDES THE POLLOWING VALUES Or LEASED EQUIPMENT ON HAND AT DECEMBER 31, 1951, A- THE NET DEPRECIATED VALUE AT DECEHBER 31, 1931, or [QUIPN~NT PURCHASED PRIOR TO THAT DATE, ANDe B" THE GROSS BOOK VALUE OF EQUIPMENT PURCHASED SINCE DECEMBER 31, 1931o THIS ACCOUNT RECORDS: 1 - CREDITS FORI A- OFFSETTING DEBIT TO ACCOUNT No° ~T.~IO- FIXED ASSETS AND INTANGIBLES LEASES ¥RO~4 AHERICAN CIGARETTE AND CIGAR COMPANY~ COVERING THE COST OF NEW PURCHASES OF LEASED AND IMPROVEMENTS TO LEASED BUILDINGS AND [QUIPNENT, THESE ACQUI$1° TIONS ARE RECORDED IN ACCOUNT NOB, e~O- AMERICAN CIGARETTE AND CIGAR CCdqPANY LEASED PROPERTY PURCHASED AND SOLO ACCOUNTI AND "~A21- |MPROVCMENTS ~O PROPERTY LEASED FRON AMERICAN CIGARETTE AND CIGAR COt4PANY,H B" OFFSETTING DEBITS TO ACCOUNT NO, ~5A10 COVERING: 1- THE NET BOOK VALUE AT DECEMBER 31e 1931 OF LEASED EQUIPMENT ACQUIRED ON OR BEFORE DECENBER 3~m 1931 TRANSFERRED BETt~EEN CIGAR BRANCHES° 2- THC GROSS BOOK VALUE OF LEASED EQUIPMENT ACQUIRED SUBSEQUENT TO DECENBER 31, I ~1 TRANSFERRED BETW1EEN CIGAR BRANCHES. C- OFFSETTING DEBIT TO ACCOUNT NO, "~A10- ~lXEO ASSETS AND INTANGIBLES LEASED rRON AMERICAN CIGARETTE AND CIGAR COMPANYm COY[RING THE NET BOOK VALUE AT DECENBER 31, 1931 or LEASED [QUIF~¢ENT TRANSFERRED tROt4 THE LCAr D[PARTNENT, 2 - DEBITS roll A" CREDITS TO ACCOUNT NO° "?~AIO- FIXED ASSETS AND INTANGIBLES LEASED FRO04 AMERICAN CIGARETTE AND CIGAR CBI4PANYe FOR THE NET DEPRECIATED VALUE AS AT DECEMBER 31, 1931 or LEASED ASSETS ACQUIRED ON OR BEFORE DECEMaER 31, 1931 I.q'llCH HAS BEEN SOLOe ABANDONED OR RECLASSIF lEO, THE ANOUNT REALIZED IN SUCH DISPOSITIONS IS RECORDED IN ACCOUNT NO* fl~J~O- ANERICAN CIGARETTE AND CIGAR COIHPANY LEASED PROPERTY PURCHASED AND SOLD ACCOUNTs" B- OFFSETTING CREDITS TO ACCOUNT NO, riTUAl 0o FIXED ASSETS AND INTANGIBLES LEASED FRC~4 AMERICAN CIGARETTE AND CIGAR CONPANY~ FOR THE GR~S B~K VALUE OF LEASED ASSETS ACQUIRED SUBSEQUENT TO OECEMBER 31, 19~1 AND PRIOR TO JANUARY lj 19~1, WHICH HAS BEEN SOLDp ABANDONED OR RECLASSIFIED. THE ANOUNT REALIZED ON SUCH DISPOSITIONS IS RECORDED IN ACCOUNT NO. W~A~O- ANERiCAN CIGARETTE AND CIGAR COt4PANY LEASED PROPERTY PURCHASED AND SOLD ACCOUNT,s C* OFFSETTING CREDITS TO ACCOUNT NO. eT~AIO- FIXED ASSETS AND INTANGIBLES LEASED FRCM ANERICAN CIGARETTE AND CIGAR COJtPANYm FOR THE BRO$S BOOK VALUE Or LEASED ASSETS ACQUIRED SUBSEQUENT TO DEC£NBER 3|p I~0 ~#HICH HAVE BEEN RECLAIHEO. (CONT INU[O) !_71 F~ I" :~01 0255559
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~A20- NET VALUE OF FIXED ASSETS AND INTANG|~Irs trASEO FROM AN;'RICAH CIGAREI"rr AND CIGAR COHPANY DECEMBER 31, 1951 PAGE 0o OrF$[TT|NG CREDITS TO ACCOUNT NO, ~.~IO.coVERING: 1- THE NET BOOK VALUE AS AT OEC[NBER 31p 193~ OF LEASED EQUIPMENT ACQUIRED ON OR BEFORE DEC[NDER 31m 1931 TRANSFERRED BETWEEN CIGAR BRANCHES AND TO LEAr DEPARTHENT$. 2- THE GROSS BOOK VALUE Or LEASED £QUIPNENT ACQUIR[D SUBSEQUENT TO D[CEMBEN 31, 1931 TRANSFERRED BETVEEN CIGAR BRANCHES AND TO LEAr DEPARTH~NT$, THE CREDIT BALANCE AT DECEt'Q£R 31 p 19~1 IS CCtCPOSED Or THE fOLLOWING: LAND LEASED BUILDINGS AND BUILDING FIXTURES LEASED FR[SH WORN CIGAR HACHINES LEASED MACHINERY AND EQUIPHENT LEA$~D OFrlC[ FURNITURE AND [QUIPH[NT LtA$[O BRANDS| TRADE')4ARKSw PATENTSp GOOD WILL ETC, L£ASEO GROSS BOOK VALUE 1~,979.37 2/:~,9~3.o2 252,ooo.oo 1.3o9J~.55 ~[$£RV( FOR OEPREC|ATION 179o27~.o~ 15,c~2.88 1~9.771.G3 18,3c~.o9 NET BOOK VA~U~: lo8o979.37 ~,~7.T23.~ 236,917.~2 1,159.9~2.92 ~8.377.29 ljO0 _ ~62,5~7.6~ . _ ~,Oh1,9~I .~ M 1" N 0 1 -,S~O
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~r~ .... ~r ~.5A55o OFFSET TO rlXrO ~SS[TS L~kSEO FROH NvlERICAN CIGARETTE AND CIC, AR COHPANY ~CEH~ER 31, 1~1 7 THE CREDIT BALANCE Or THIS ACCOUNT REPRESENTS A FULL orlrSET TO THE GROSS BOOK VALUE or PROPERTY LEASED FROM AHERICAK CIGARETTE AND CIGAR COHRANY UNDER INDENTURE OF LEASE GATED HARCH 31, 19~2m AS OF JANUARY 1~ 1932~ RECORDED IN THE FOLLOWING ACCOUNT8 ON THE BOOKS OF CIGAR BRANCHIrss NO. n'~sA~5- ~A¢HINERY AND EQUIPMENT LEASED lrRo¢4 AHERICAN CIGARETTE AND CIGAR CO~4PAHYw NO. II~/A~7- ~ACHINERY AND EQUIPMENT ON STORAGE-LrASED FROM AHERICAN CIGARETTE AND CIGAR COMPANYII NO, l~.~4~O* OFFICE FURNITURI~ AND £GUIP/#ENT LEASED FROM AMI~R|CAN CIGARETTE AND CIGAR COMPANY" NOt II7~A~2- OFFICE FURNITURE AND [QU|PHENF ON STORAGE-LEASE¢) FROH AHERICAN CIGARETTE AND CIGAR COMPANYR NO. IIT~50- FRESH I#ORK CIGAR MACHINES LEASED IrRON AHERICAH CIGARETTE AND CIGAR COt4PANY" NO. B~/~2" FRESH YORK CIGAR MACHItlE$ ON STORAGE-LEASED FROM ~IIJ4ERICAN CIGARETTE AND CIGAR COHPANYw TN IS 1 ACCOUNT RECORDS: - CREDITS FOR: A- DEBITS TO ACCOUNT NO, R~A20" AHERICAN CIGARETTE AND CIGAR COMPANY LEASED PROPERTy PURCHASED AND SOLO ACCOUNTs FOR AODITIO¢4$ TO ACTIVE CIGAR BRANCH LEASED PROPERTY OTH[R THAN REAL ESTATE AND BU|LOINGS. B- DEBITS TO THIS SAME ACCOUNT TO RECORD TRANSFERS OF LEASED EQUIPH[NT AT GROSS BOOK VALU[ BET~dEEN ACTIVI[ CIGAR BRANCHES. C- DEBITS TO CHARLCSTONt LOU|SYILLE~ PHILADELPHIA AN~ SCRANTON BRANCH tASHL[Y AND ~ILKES-BARR[) CO¢¢TROL ACCOUNTS FOR THE GROSS BOOK VALU~ OF LEASED FIXED ASSETS TRANSFERRED FROM |NACT|V[ BRANCHES. 2 - DEBITS FOR; A- CREDITS TO CHARLESTOH~ LOUISVlLL£, PHILADELPHIA AND SCRANTON ~RANCH (ASHLEY AND ~|LKES-BARRE) CONTROL ACCOUNTS FOR THE GROSS BOOK VALUE OF LEASED EQUIPMENT SOLOI ABANOOHEO OR OTHERVlS£ DISPO~EO Or* B" CREDITS TO THIS SAME ACCOUNT TO RECORD TRANSFERS OF LEASED EQUIPHENT AT GROSS BOOK VALUE BETWEEN ACTIVE CIGAR BRANCHESI C- CR[O|TS TO CHARLESTON, LOUISVILLE, PHILADELPHIA AND SCRANTON BRANCH (ASHLEY AND ~ILKES-BARN[) CONTROL ACCOUNTS fOR THE GROSS BOOK VALUE OF LEASED FIXED ASSETS TRANSFERRED TO INACTIVE BRANCHES. THE CREDIT BALANCE AT D[CEMBER ~1, 1~1 IS C~4POSEO OF THE FOLLOWING| (CONTINUED) _Ll~,kjl 02 5~561
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75A~5- OFFSET TO FIXED ASSrTS LEASED FROH AHERICAN CIGARETTE AHD CIGAR COMPANY OECEHBER 31, 1~1 PA¢[ 2 NO. 7~35 NO. 75A37 NO. 7.~-bO NO. ?~b,2 NO, 7~.50 NO. 7~-52 ASHLEY CHAHL[$~ON K[NTUCKY BRANC......~H BRANCH BRANCH 2~,593.70 ~7~,628.26 255,~,55 10,9h7.56 8,593.79 891 ,h3 3~,~61.36 8,~5~.13 877.83 US.oo 18,OOOOOO I~5,ooo.oo 6~,ooo,oo 25,~5.1~ ~5,915,01 _. ~5~,8~O,h7 PHILAD[LPH|A ~CRANTON BRANCH BRANCH 317,713.8~ 90,(~.22 1,78~.. 17 929.91 12,536.23 5,~28.91 53.o5 18,OOO.00 _ 18, _O~.OO "~68,o~8.28 97,097.09 W ILKr$-BARRr _ B R~,N¢H lo7,~93.88 1,27o,719.~9 2.738o16 2~.997.59 1,3oL89 63.o76.~ i, m8.88 36,ooo°o0 ;~16.oo0.oo !11 ,fi=16.93 ,1.6t hWa.c~n 174 f~l 1" ~0 "| 0255562
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.75A70-DEPREC IATION RECORDED ON BOOKS OF AMERICAN CIGARETTE AND C IGAR CONPANY FOR TAX PURPOSES SINCE JANUARY 1, 1932 ON FIXED ASSETS LEASED DECEMBER 31, 1051 THE DEBIT BALANCE OF THISMCHORANDUt4 ACCOUNT REPRESENTS A FULL OFFSET TO MEMORANDUM ACCOUNT No. "75A75" RESERVE FOR DEPRECIATION RECORDED ON BOOKS OF AMERICAN CIGARETTE AND CIGAR COMPANY FOR TAX PURPOSES SINCE JANUARY 1, 1932 ON FIXED ASSETS LEASED." THIS ACCOUNT RECORDS: 1 " DEBITS FOR: A- CUARENT YEARIS DEPRECIATION AS BET U~ FOR TAX PURPOSES BY AMERICAN CIGARETTE AND CIGAR COMPANY. THE OFFSETTING CREDIT IS TO ACCOUNT NO. e75A75- RESERVE FOR DEPRECIATION RECORDED ON BOOKS OF AMERICAN CIGARETTE AND CIGAR COMPANY FOR TAX PURPOSES SINCE JANUARY 11 19~ ON FIXED ASSETS LEASED. B- TRANSFERS OF ACCRUED DEPRECIATION APPLICABLE TO TRANBFERS OF GROSS BOOK VALUE BETWEEN BRANCHES AND LEAF DEPARTMENTS DF THE AMERICAN TOBACCO COMPANYj 2 - CREDITS FOR: A" ACCRUED DEPRECIATION APPLICABLE TO FIXED ASSETS WRITTEN OFF DURING THE YEAR, B- TRANBFERS Or ACCRUED DEPRECIATION APPLICABLE TO TRANSFERS OF GROSS BOOK VALUE BET~EN BRANCHES AND LEAF DEPARTMENTS Or THE AMERICAN TOBACCO COMPANY° A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: CLASSIFICATIONS BU~LDINGB FRESH WORK ClOAR MACHINES SOrT WORK CIGAR HACHINES MACHINERY AND EQUIPMENT OFFICE FURNITURE AND EQU,!MENT TOTAL DEPRE¢IATION DEBIT BALANCE PROVIDED IN DEBIT BALANCE JAN.,U~ 19¢}1 TRANSFERS ~rrs DECEHBER ~1, 1951 1,1h0,018.07 ~.072.~2 22,513.hh 1,18~,577.05 601,90~.21 10,1h9.78 380,61h.~2 231 ,h39.57 27,157.67 1,39~.53 28,553.20 1,021,9oT.~o 18,186.38 h7.25 52,155.T9 98T,98z~. 9~ _ 36,816.87 2e2o9.29 .... ~,363.~9 _ ~,662.67 f:l T :,~ O "I
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.75AT5-RESERVE FOR DEPRECIATION RECORDEO O~ BOOKS OF AMERICAN CIGARETTE AND CIGAR COMPANY FOR TAX PURPOSES SINCE JANUARY 1, 1932 ON FIXED ASSETS IrAS~D D£CU,~R 31, 1 ~1 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS A MEMORANDUM RECORD or THE AMOUNT OF RESERVES fOR DEPRECIATION ACCRUED FOR TAX PURPOSES SINCE DECEMBER ~Im 1931 BY AMERICAN CIGARETTE AND CIGAR COMPANy IN RESPECT TO ASSETS LEASED TO THE AMERICAN TODACCO COMPANY EXCLUSIVE OF THOSE CARRIED ON THE BOOKS OF NEW YORK LEAr DEPARTMENT. THIS ACCOUNT IS OFFSET ON OUR BOOKS BY ACCOUNT NO. "7~7O- DEPRECIATION RECORDED ON BOOKS or AMERICAN CIGARETTE AND CIGAR COMPANY FOR TAX PURPOSES SINCE JANUARY 1, 1932 ON FIXED ASSETS LEASED.a THIS ACCOUNT RECORDS| 1 - CREDITS FOR¢ A- CURRENT YEARIS DEPRECIATION AS SET UP FOR TAX PURPOSES BY THE AMERICAN CIGARETTE AND CIGAR COMPANYt THE OFFSETTING DEBIT IS TO ACCOUNT NO. "7~7o- DEPRECIATION RECORDED ON BOOKS OF AMERICAN CIGARETTE AND CIGAR COMPANY FOR TAX PURPOSES SINCE JANUARY 1. 1932 ON FIXED ASSETS LEASED.m B- TRANSFERS OF ACCRUED DEPRECIATION APPLICABLE TO TRANSFERS OF GROSS BOOK VALUE BETWEEN BRANCHES AND LEAr DEPARTMENTS OF THE AMERICAN TOBACCO COHPANYw 2 - DEBITS FOR: A- ACCRUED O[PRECIATION APPLICABLE TO FIXED ASSETS WRITTEN OFF DURING THE YEAR. B-- TRANSFERS Or ACCRU£D DEPRECIATIO#< APPLICABLE TO TRANSFERS or GROSS BOOK VALUE BE TI#EEN BRANCHES AND LEAF DEPARTMENTS OY THE AMERICAN TOBACCO COMPANYt A SUM~4ARY ANALYSIS OF TRANSACTIONS FoR THE YEAR 1951 FOLLOWS| DEPRECIATION CREDIT BALANCE PROVIDED IN CLASSIFICAT|ON$ JANUARY 1. 19~1 1951 TRANSFERS BUILDINGS 1,1hO.018.O7 69,072.h2 FRESH WORK CIGAR HACHINES 601,904,21 10,lh9,78 SOrT WORK CIGAR MACHINES 27,157.67 1,3~,53 MACHINERY AND EQUIPMENT 1,021 ,907.10 18,186.~ h7.25 Orr,cE FURNITURE AND EQU,PMENT ~6.B16.87 2,20~.2~ .... TOTAL 2.82~,80~.92 101jO1~I~OL J , ~7'2~ CREDIT BALANC[ DECEMBER ~1r I~I 22,513.4h 1,186,577.o5 ~O,61~.~2 231,~39.57 26,553.20 52,155.79 987,98~.9~ h,363.k9 _ _. 3h,662,67 :!.76 I'=i 1" :KO 10255564
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r I' 8OA10- F. I. A. t'LOAT£R I~URANC[ DE:P[~IT ~crb~Be:r-31, 195~ A DEBIT BALANCE IN THIS ACCOUNT AT THE END OF THE YEAR R[PRES£NTS THE UNEARNED PORTION OF THE FIRE FLOATER INSURANCE PREMIUM DEPOSIT WITH THE FACTORY iNSURANCE ASSOCIATION FOR THE ACCOUNT OF THE AMERICAN TOeACCO COMPANY AND ITS AFFILIATED COMPANIES, A CREDIT BALANCE REPRESENTS THE EXCESS OF EARNED PREMIUMS OVER TN~ AMOUNT DEPOSIT[Do DURING TH~ EFFECTIVE PERIOD OF THIS FLOATER POLICYp THE RISKS OF THE AMERICAN TOBACCO COMPANY AND ITS AFFILIATED COMPANIES REPORTED THEREUNDER ARE COV[R[Op TO THE EXTENT OF THE SPECIFIC LIMITS ALLOCATED TO EACH RISKp FOR FIR£ LOSSES TOGETHER VITH FREE COV[RAGE FOR LIONTNINOt WIND DAMAGE (TQRNAOOj [T CET£RA~) SPRINKLER LEAKAOE: RIOT AND CIVIL COHMOTIONI AND EXPLOSION LOSSES EXCLUSIVE OF THOSE COVERED UNDER NBOIL[R, TURBINCp MACHINERY, ETC.u INSURAHC£. THE FR££ COVERAGE £XCLUOES LOSSES DUE TO VANDALISM AND MALICIOUS MISCNI[Fp EXCEPT FOR GOLDEN BELT MAHUPACTURING CO#4PANYs WHOSE REPORTED RISKS INCLUO£ THIS COVERAQC. THE POLICY PERIOD IS FOR THRC[ YEARS CXPIRINO JANUARY ls 1952. THIS ACCOUNT R[CORDS~ 1 o DEBITS FOR: A- PAYM[NT OF PREMIUM DEPOSITS TO THE ~ACTORY iNSURANCE ASSOCIATION° B- CREDITS TO LEAF OEPARTNCNTS~ AFFILIATED CONPAHI[S AND VARIOUS EXPENSE ACCOUNTS REPRESENTING YEAR END ADJUSTMENTS BASED ON STATEM£NTS RECEIVED FROId THE INSURANCE COMPANYm COVERINO THE ESTIMATED UNABSORBED BALANCE ON THE BOOKS OF THE INSURANCE COMPANYo C- CREDITS TO LEAF DEPARTMENTS. AFFILIATED COMPANIES AND VARIOUS EXPENSE ACCOUNTS AT POLICY EXPIRATION RCRR[S[NTINQ ADJUSTMENTS OF ESTIMATED PREMIUNp CHARGED TO COSTj BASED UPON FINAL RETURN PR[MIU~ RECEIVED FROtd ~ACTORY iNSURANCE ASS~IATIOH. 2 - CREDITS FOR: A- AMOUNT OF [STIMAT£O EARNED RREHIUM CREDITED MONTHLY TO NEW YORK OFFICE BY BRANCNESs LEAF DEPARTMENTS AND AFFILIATED COMPANIES. B- THE AMOUNT OF DEPOSIT RETURNED BY ~ACTORY INSURANCE ASSOCIATION. C- CHARGES TO LEAF OEPARTNENTSw AFFILIATED COHPANIES AND VARIOUS EXPENSE ACCOUNTS REPRESENTING YEAR END ADJUSTMENTS BASED UPON STATEMENTS RECEIVED FROM THE INSURANCE COMPANY COVERING THE ESTIMATED UNABSORBED BALANCE ON THE BOOKS OF THE INSURANCE COMPANY, D- CHARGES TO LEAF OEPARTHCNTSs AFFILIATED COMPANIES AND VARIOUS EXP[NS~ ACCOUNTS AT POLICY EXPIRATION REPRESENTINO ADJUSTMENTS OF ESTIMATED PREMIUMs CNAROCO TO COSTp BASED UPON FINAL ADDITIONAL PREM tUN SILL[O BY ~ACTORY iNSURANCE ASSOCIATION. A SUI4HARY ANALYSIS OF TRANSACTIONS FOR THE YEAR I~I FOLLOWS: (CONTINUED) AI" :HIO "I
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J 8OA10- F. I. A. FLOATER INSURANCE DEPOSIT DECEI.4B[R 31, 19~1 BALANCE, JANUARY 1, I~I ADO: JANUARY CHARGES FOR CREDITS TO GOLDEN BELT MANUFACTUR|NG CO~4PANY TO ADJUST BALANCE IN THIS ACCOUNT TO CONFORH TO INSURANCE OONPANYI$ STATCHIENT AT OEC£NSER 31, 1~O DEDUCT: EARNED PREMIUMS CREDITED TO NEW YORK OFFICE DURING THE YEAR ~RON THE fOLLOWING SOURCES: DURHAM BRANCH KENTUCKY BRANCH LOUISVILLE BRANCH REIOSVILL¢ BRANCH VIRGINIA BRANCH RICHMOND LEAr DEPAR'rlMENT AMERICAN SUPPLIERS, |NCORPORATEO GOLDEN BELT MANUFACTURING CONPANY CREDIT BALANCE, D¢CENeER 31, 1951 9,ab8.~ 1 ,I;12,81 T,o62.8~ 1; ,282.21 ~,,28T.z=2 27,13a.3T 60,359.~9 PAa£ 2 P LICY PERt O JANUARY 1, 19~9 TO 1 o~ ,o6~, 33 17S Rl':401 0255~66
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+4 ~)AI~- MUTUAL FLOATER INSURANCE OEPO61T DCEEHI~R 3"1. 19~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE UNEARNED PORTION OF THE FIRE FLOATER INSURANCE PREMIUM DEPOSIT WITH THE COTTON AND ~OOLrN MANUFACTURERS MUTUAL INSURANCE COHPANY OF NEV ENGLAND FOR THE ACCOUNT OF THE AHERICAN TOBACCO COMPANY AND ITS AFFILIATED COHPANIES. DURING THE EFFECTIVE PERIOD OF THiS FLOATER POLICY• THE RISKS Of" THE AMERICAN TOI)A¢CO COt4PANY AND ITS AFFILIATED COHPANiI~S REPORTED THERE- UNDER ARE COVEREDB TO THE EXTENT OF THE SPECIFIC LIHIT$ ALLOCATEO TO EACH RISK, FOR FIRE LOSSES AT ALL LOCATIONS AND EARTHQUAKE COVERAGE FOR PACIFIC COAST RISKS ONLYo IrREC COVERAGE FOR LIGHTNINGD WINOSTORNI SPRINKLER LEAKAGEI RIOT AND CIVIL COHNOTIONp AIRCRAFT AND OTHER VEHICLES, SHOKE DA~C4GEe ACTS OF DE" STRUCTION BY ORDER OF CIVIL AUTHORITY AT THE TIHE AND FOR THC PURPOSE OF PREVENTING THE SPREAD OF FIRE, HAILe AND EXPLOSION LOSSES. THIS FREE COVERAGE EXCLUDES LOSSES DUE TO VANDALISM AND NALICIOU~S HISCNIEF, rXCEPT FOR GOLDEN BELT MANUFACTURING COHPANY VIPIOSE REPORTED RISKS INCLUDE THIS COVERAGE. THIS POLICY COVERING COHBINATION HUTUAL INSURANCE EXPIRES JANUARY 1 • 19~3. THE 100 PER CENT HUTUAL COVERAGEp FOR ALL LOCATIONS EXCEPT THOSE IN THE STATE OF TEXAS• EXPIRES JANUARY 1t 1~5~. COVERAGE FOR TEXAS LOCATIONS EXPIRES JUNE 1 ~ 1952. THE DEBIT BALANCE OF THIS ACCOUNT AT THE END OF THE POLICY PERIOD REPRESENTS THE AMOUNT OF DEPOSIT RETURNABLE IN CASH. THIS ACCOUNT RECORDS: 1 - DEBITS FOR" A" PAYt4ENTS OF PREMIUM DEPOSIT TO THE COTTON AND ~OOLEN I'~La, NUFACTURERS MUTUAl. INSURANCE CO/4PANY OF NL'V rNGt.ANO. B* CREDITS TO LEAf" DrPAATHENTSI AFF|LIATEO OO~(PANILPS AND VARIOUS EXPENSE ACCOUNTS REPRESENTING YEAR END ADJUSTHENTS BASED ON 8TAT£HENT8 RECEIVED FROM THE INSURANCE ¢OHPANV COVERING THE ESTIHAT#'O UNABSORBED BALANCE ON THE BOONS Or THE INSURANCE CCkHPANY. C- CREDITS TO LEAr DEPARTHENTSe AFFILIATED COkfPANIES AND VARIOUS EXPENSE ACCOCtNTS AT POLICY EXPIRATION REPRESENTING A~)JUSTNENTB Of* ESTIMATED PREMIUt4e CHARGED TO COSTe BASED UPON FINAL RETURN PRENIU04 RIPCEIVEDFRO~'I COTTON AND WOOLEN NANUF'ACTURERS MUTUAL INSURANCE COMPANY Of" NEV ENGLAND* 2 -CREDITS f"OR: A- THE AHOUm" or ESTIMATED EARNED PRI~41UM ON RISKS REPORTED MONTHLY BY NEW YORK OFf'l.Cr. B-THE AMOUNT OF ESTIMATED EARNF-D PRENIUI4 CREDITED HONTHLY TO NEW YORK OFFice BY BRANCHES e LEAF" DEPARTMENTS AND AF'f" ILI ATED CONPAHI ES * C" ~ONTHLY CHARGES TO N~,/ YORK Lr~r OCf"ARTNENTe VIRGINIA BRANCHs AHERICAN CIGARETTE AND CIGAR COMPANY AND HENRY CLAY AND ~CK A. COHPANYB LIMITED FOR rSTIMATEO eARNED PREMIUH ON RISKS INSURED FOR THEIR ACCOUNTe D" THE AMOUNT OIr DEPOSIT RETURNI~D BY COI~ON AND WOOLEN ~ANUFACTURERS MUTUAL INSURANCE CO#4PANY OF" N¢~ F'NGLAND* f'' CHARGES TOLeAF OEPARTHENTS. AFf"ILIAT[D COMPANIES AND VARIOUS EXPENSE ACCOUNTS REPRESENTING YEAR END ADJUSTHENTS BASED ON STATEMENTS RECEIVED f'RO(q THE INSURANCE COMPANY COVERING THI~ ESTIHATEO UNABSORBED BALANCE ON THE BOOKS OF THE INSURANCE CO44PANYe F- CHARGES TO LEAF" DEPARTMENTS• AF'FILIATCO CO~4PANIES AND VARIOUS EXPENSE ACCOUNTS AT POLICY EXPIRATION Rs'PRESENTING ADJUSTNIPNTI Of" ESTIHAT[O PRENlUNp CHARGEO TO COST BASED UPON ADDITIONAL PREMIUM BILLED BY COTTON AND WOOLEN ~ANUF'ACTURERS MUTUAL INSURANCE COMPANY Of" NEW ENGLAND. (Com'INUEO) RI';~O1
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~OA15- HUTUAL FLOATER INSURANCE DEP061T D£CEIqE~R 31, 1951 PAGE 2 A GUHHARY ANALYSIS or TRANSACTIONS FOR THE YEAR 19~1 FOLLO~J~: DEBIT BALANCE JANUARY l p 1951 REFUND or PRENIUN DEPOSIT FOR POLICY ENDED JANUARY 1 w 1951 ADO" JANUARY CHARGES FOR CREDITS TO THE FOLLOWING TO ADJUST BALANCE IN THIS ACCOUNT TO CONFORN TO INSURANCE COMPANYIS STATEMENT AT DECE.BER 31, 1950 AMERICAN CIGAR£TTE AND CIGAR CO~4PANY HENRY CLAY AND BOCK ~ COHPANYe LINITED GOLDEN BELT MANUFACTURING COHPANY PRENIUH D[PO$1TS DURING 19"jl DKOUCTZ PRENIUNG CHARGEG OFF DURING THE YEAR BY: THE ANERICAN TOBACCO CONPANY NEW YORK 0trice CHARLESTON BRANCH DURHAH BRANCH KENTUCKY 8RANCH LOUISVILLE BRANCH NASHVILLE BRANCH PHILADELPHIA BRANCH REIDGVILL[ BRANCH SCRANTON BRANCH VIRGINIA BRANCH LANCASTER LEAr DEPARTMENT NOt YORK LEAF DEPARTHENT NORFOLK LEAr D[PARTNENT PET[RSBURG LEAr DEPARTHENT RICHMOND LEAF DEPARTNENT 1,225,oT9.~ 26h.3~9.99 96o,729.65 11.73 23.6 8 215.~,9 79,98 ~o.8o9.63 ~,9~i ,~'~.~ 21,3h2.90 ~,167.99 6,9~1 .I5 97T.~6 5,389.32 ~22.ko 3,1o8.65 ~,228.29 1,923.29 8,8~6.3~ 1,993.~9 3,188.29 3,086.79 • ~1.1~7.17 99,20~.Z7 IOO~ MUTUAL 2~, ~,92. oo 2~, .~9.99 1 ),2.01 111.73 23.68 6,6o 1 ~2.ot -o- ~9~.~.88 ~93,~33.88 21,3~2.90 ~,~67.~ b,22, ~o 3,1o8.65 1,923.29 z,~,~.7~ ,993.~9 3,188.29 3 ,o86.T9 I ~ 252.55 ~B,393.o9 COMBINATION FLOAT[R 221.99 221.99 9~o,~o~.6~ 6,91;I .I5 917,.~. .~8.~ ,~8.~9 ~,~3;.o~ 50,811.18 (CoNT I NUr.O ) .-l.80 RTHOI O25~8
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8OA1~- HUTUAL FLOATER INSURANCE DEPOSIT DECE~ER 31, 1 951 PAGE 3 AH[RICAN ClGAR[TTE AND CIGAR COMPANY AMERICAN SUPPLIERS, INCORPORATED GOLDEN BELT MANUFACTURING COMPANY HENRY CLAY AND SOCK ~ COF(PANY, LIHITED TOTAL EARNED PREMIUMS 1 951 lOO~ MUTUAL COHS INAT ION ~ rLGATtR 6,33~.93 6,33~.93 (~,302 .Oh, 68,.302.0~. 1 ,'(01.26 155.16 1,51~6.10 731 ,76 7~1.76 176.271t.26 55.611~.91~ 120.~9.~2 ADD: DECEMBER ADJUSTMENT BASED ON INSURANCC COt4PANY|$ STATEMENT AT DECEMBER 31, 1~ CREDITED TOI I',OASO- ~,OA53- 9OA1 6- 61 2.1 - 612,2- 632.1 - 667 • 2 - 711.1 - 711.2- 722 - 728 - AMERICAN SUPPLIERS, INCORPORATED AMERICAN CIGARETTE AN, CI~JL.N COMPANY HENRY CLAY AND SOCK ~ Co.p LINIT£O LEAF DEPARTMENT FREIGHT AN, SHIPPING EXPENSE - CIGAR[TTESj SMOKING, ETC. FREIGHT AND SHIPPING EXPENSE " CIGARS STORE AND GENERAL ADVERTISING - CIGARETTESp SMOKING, ~lrCe VACANT PROPERTY EXPENSE " CIGARS UNDISTRIBUTED EXPENSE - CIGARETTES/ SMOKING, [TEe UNDISTRIBUTED EXPENSE - CIGARS GENERAL AND ADMINISTRATIVE EXPENSE OFFICE SPACE AND ¢QUIPHENT DEBIT BALANCE, DECE'BER 31, 19~ 2,271.5o 2,2-/1.50 569.95 569.95 6z~.13 6~, .13 2,0~,3 .Ol 1 ,~9.15 993.86 1,7aa.32 1,722.3:-' 2.62 2.62 35.8~ 35.8~ 97.25 97,25 i ,175.3~ 5o9.9o 665.~ 8o6.18 775.67 30.51 1~.11 15,11 8.917.1 l; 1;, 9~5.8:t ~,,961 ,~I 1.286.~6. ~9 ~2.77h.77 8h~.111.62 RI~01 0255569
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/ ~20- JOHN C. PAIGE COHPAHY FLOATER INSURANCE DEPOSIT DECEIVER 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE MET AMOUNT OF THE FLOATER INSUF(AHC¢ DEPOSIT MADE WITH JOHN C. PAIGE AHO COHPANYp INCORPORAT£Dw FOR THE ACCOUNT OF THE ~J4ERICAN TO6ACCO.COMpANY AND ITS AFFILIATED COMPANIES. THE TERM OF THE BASIC FIRE POLICY I$ ONE YEAR EXPIRING JULY 1. PACIFIC COAST RISKS ONLY ARE ALSO INSURED AGAINST EARTHQUAKE FOR t/HICH NO ADDITIONAL PREMIUI4 IS CHARGED. RISKS INSURED ON THIS POLICY ARE OTHER THAN PREFERRED. COVERAGE INCLUDES THE FOLLOVING PERILS: FIREw TORNADO. SPRINKLER LEAKAGEp RIOTD CIVIL COHMOTIONs HAIL~ EXPLOSIONp MALICIOUS DAMAGE AND VAHDALISMB MOTOR VEHICLE DAHAGEp CIVIL AIRCRAFT, ¢TC. THIS ACCOUNT RECORDS: 1 - DEBITS FOR| A" PAYMENTS OF PR£MIUt4 DEPOSIT TO JOHN Ce PAIGE AND COMPANY, INCORPORATED° B" CREDITS TO LEAF OEPARTHENTS~ AFFILIATED CO#4PANIES AND VARIOUS EXPENSE ACCOUHTS AT POLICY EXPIRATION R¢PRESENTING ADJUSTMENTS OF ESTIMATED PREMIUM CHARGED TO COST BASED UPON FINAL RETURN PREMIUM RECEIVEO FRO~4JoHN Ce PAIGE AND COMPANYm INCORPORATED. C- CREO|TS TO LEAF DEPARTHENTSt AFFILIATED C~MPANIES AND VARIOUS EXPENSE ACCOUNTS REPRESENTING YEAR END ADJUSTMENTS BASED ON STATEMENTS RECEIVED FROt4 THE IN- SURAN¢¢ COHPAN|ES COVERING THE ¢STIICATEO UNABSORBED BALANCE PER THE BOOKS OF THE INSURANCE COHPAHY. 2 - CREDITS FOR: A- THE AMOUNT OF ESTIHAT£O EARNED PREMIUMS ON RISKS R[PORT£O MONTHLY BY NEW YORK OFFICE. B- THE AMOUNT OF" ESTIMATED EARNED PREMIUMS CREDITED MONTHLY TO NEW YORK OFFICE ST BRANCHES~ LEAF DEPARTMENTS AND AFFILIATED COMPANIES. C- MONTHLY CHARGES TO AMERICAN CIGARETTE AND CIGAR COHPANY AND HENRY CLAY AND BOOK COHPANY* LIHIT¢O FOR ESTIHATEO EARNED PREMILR4S ON RISKS INSURED FOR THICIR ACCOUNT. D- THE AMOUNT OF DEPOSIT RETURNED BY JOHN Co PAIG¢ AND CONPANYs INCORPORATED° [- CHARGES TO LEAF OEPARTMENTS~ AFFILIATED COMPANIES AND VARIOUS EXPENSE ACCOUNTS AT POLICY EXPIRATION REPRESENTING ADJUSTMENTS OF ESTIHATEO PREMIUM CHARGED TO COST BASED UPON FINAL ADDITIONAL PREM|UI4 BILLED BY JOHN C. PAIQ¢ AND C O#4PANY. INCORPORATED. r- CHARGES TO LEAF DEPARTMENTS, AFFILIATED COHPANIES AND VARIOUS EXPENSE ACCOUNTS REPRESENT ING YEAR [NO ADJUSTMENTS BASED UPON ITAT£HENYS RECEIVED FROM THE IN" SURANCE C OHRANI¢S COVERING TH¢ ESTINIAT¢O UMASSORB¢O BALANCE ON THE BOOKS OF THE INSURANCE CC4RPANYe (CONT IHuco) 02555~0
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-q "J~K~.20- JOHN C. PAIG[ COHPANY FLOATER INSURANCE DEPOSIT DECEHBER 31, 1~1 PAGE 2 A SUHHARY ANALYSIS OF TRANSACTIONS FOR THE YEAR I~I FOLLO~/~] DEBIT BALANCE JANUARY 1, 1~1 DEDUCT: PREHIUNS CHARGED OfF JANUARY 1 TO JULY le 1~1, BY| THE AMERICAN TOBACCO CO~PANY NtW YORK OFFICE CHARLESTON BRANCH 0URHAH BRANCH KENTUCKY BRANCH LOUIBVILLE BRANCH PHILADELPHIA BRANCH REIDSVILLE BRANCH SCRANTON BRANCH " VIRGINIA BRANCH NEW YORK LEAr DEPARTHENT LANCASTER LEAF DEPARTMENT PETERSBURG LEAr DEPARTMENT RICHHOND LEAr DEPARTMENT AHERICAN CIGARETTE AND CIGAR C~,IPANY HENRY CLAY AND BOER & CO~PANYm LIMITED GOLDEN BELT MANUFACTURING COMPANY AMERICAN SUPPLIERS, iNCORPORATED TOTAL EARNED PREHIUH - JANUARY 1 TO JULY 1, 19~1 BALANCE Or DEPOS IT AT JUNE 30, 19~1 ADDITIONAL DEPOSIT PAID TO THE INSURANCE COHPANT SEPTEMBER 1~, 1951 RETURN PREMIUM rROH THE INSURANCE COMPANY SERTEMeER 1~, I~1 EXCESS Or ESTIMATED PREMIUHS OVEN ACTUAL PREHIUkl COST ffOR POLISY YEAR (NOLO JULY I, 1~1, CREDITED TO TH¢ FOLLOWING ACCOUNTS] 3~A1~- PROVISION roR DUTY, rR£1GHT, ETC. ON HAPLE St,~AR DEPOSIT PREMIUM BILLED BY JOHN C. PAIG[ & CO$4PANYm |NC. FOR THE POLICY YEAR ENDING JULY If I~--~ DEDUCT] PREMIUMS CHARGED OFFs JULY 1 TO DECEMBER 31w THE AMERICAN TOBACCO COTqPANy ~ CANAO__,__,..~A 107,710.9a 107.908.1G 197.2~ 7,056.38 6,~1.8a 6~.56 .O9 .O9 h,319.30 h,319,30 3.?h 3.T4 ~75.o~ ~75.ol 6~.~2 61.~2 62.62 62.~. a3o.69 230.69 ~,267.82 ~.267.82 37.o9 37.o9 239.79 23%79 1,11~.66 1,11~.66 12,07~.~7 12,07~.'~7 __ 29,~2,~ 29,878,~2 611.56 1,299.87 1,299.87 49.08 k9.o8 .40 ,~O 67.878.18 ~7.828.18 .... _ 99.12o.5~ ~.o%.% _ C~.56 8,59~.~1 8,~2.a~ a61.8o 1,575.66 1,3~5.39 260.27 Io.~7.~. jo,167,~ -O- -0- -O- 17~,579.27 17~,569.23 lo.o~ (CONTINUED) Rl':~O 1
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~)AL:~0- JOHN C. PAIGr COHPANY FLOATER INSURANCE DrPC~IT ~cr~e~:R 31, I~I PAG( ~ NEW YORK OFrlc£ 7o513.76 CHARLESTON BRANCH 26,~ BURMA. BRANCH ~.961.63 KENTUCKY BRANCH 6,39 LOUISVILLE BRANCH 633.50 PHILADELPHIA BRANCH 66.37 RE Iosvlcc¢ BRANCH 36.64 SCRANTON BRANCH 187,52 VIRGINIA BRANCH ~,q76.72 LANCASTER LEAr BEPARTHENT ~e~ PETERSBURG LEAr DEPARTMENT 1,~h.~ RICHMOND LEAr DEPARTMENT AMERICAN CIGARETTE AND CIGAR COMPANY HENRY CLAY AND BOCK • CO#4PANY, LIHITEO GOLO[N BELT MANUFACTURING COMPANY AMERICAN SUPPLIERS. |NCORPORATEO TOTAL [ARNEO PREMIUM - JuLY 1 TO DECEHBER 31, 1951 DEBIT BALANCE, DECEMBER 31, 1951 7,278.5o 26.1~8 ~,961.63 6.39 633.50 66.37 36.6~ 187.52 ~,h76.72 95.86 : 19,h66.T? • 19.~66.77 38,916.3a ~,~1.o6 1,h81.36 1,h81.36 53.21 53.2~ 7.28 7.28 9o,~.85 _ 89,768.59 85.575.~2 838oo~ CANAD..~m~A 235.26 235.26 2~5.26 225,22 R1 ;RO ! 0255~,.F2
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"'t / ~O&31- GROUP LIFE INSURANCE DEPOSIT UNDER RATE R[DUCTION FORHULA DeCeMBER 31, 1951 THE DEBIT I)ALAHC[ OF" THIS ACCOUNT RCPR£$ENT$ THE AMOUNT RETAINED BY THr HCTROPOLITAN LIFt INSURANCl[ COMPANY F-ROM I[ARNEO O|YtDrNO FOR THE POLICY YIrAR I[NDEO SEPTCMBER 30p 1~1, 1o INSURt" A GROUP Llffl[ INSU1RANC[ RATE OF- mU MINUS 13 PER CE:NTII UNDER THEIR RATE RroucTION FORMULA. THIS ACCOUNT R[CO~GS! 1 - ~CBIT IN 1951 FOR CR[DIT TO ACCOUNT NO. J80~32- OFFSET TO GROUP LIFE INSURANCE DEPOSIT UNDER RAT¢ R[OUCTION F-ORMULA" TO S[T UP ON OUR O~N BOOKS F-OR NEMORANDUH PURPO$[$ ONLY "I'H£ AMOUNT OF- THE [ARN£O OIVIOCNG R£TAfNEO BY THC M~TROPOL|TAN Lrr¢ ~NSURANC¢ CO#fPANY, DI:BIT BALANCE: At DI:CCMBER 31 , 1951 RI-;~O 1
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~)A~2- OFFSET TO GROUP LIFE INSURANCE OE:PC61T UNOER RATE R~OUCTION FOR/,CJL, A DECEHE~R 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS A FULL OFFSET TO THE AKOUNT RETAINED BY THE METROPOLITAN Life INSURANCE COMPANY PAD44 EARNED DIVIDEND FOR THE POLICY TEAR ENDED SEPTEMBER 30m l~J~1 w TO INSURE A GROUP LIFE INSURANCE RATE Or ~U MINUS 13 PER CENT~ UNDER THEIR RATE REDUCTION rORNULA IN ACCOUHT Noe B~A31- GROUP LIP£ INSURANCE DEPOSIT UNDER RATE REDUCTION FORNULA." THIS ACCOUNT RECORDS: 1 - CREDIT IN 1951 fOR DEBIT TO ACCOUNT NO. "80A31- GROUP Life INSURANCE DEPOSIT UNDER RATE REDUCTION FORHULA" TO SET UP ON OUR BOOKS tON NENORANDUN PURPOSES ONLY THE ANOUNT OF THE EARNED DIVIDEND RETAINED gY THE METROPOLITAN LIFE INSURANCE CO~4PANY. CREDIT BALANCE AT DEOENBER 31, 1~I L. ................... ~-: ...... _1.8B FI I- :~0 1 02555?4
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-4 8OA3~- UNEXPIRED INSURANCE DECEHBE.R 31, 1~1 THE DEBIT BALANCE OF THIS ACCOUNT AT THE END Or THE YEAR REPRESENTS THE UN£XPIREO PORTION or SP£CIFI¢ INSURANCE POLICY PREHCUHS RECORDED OH THE BOOKS OF THE NEW YORK OPFIC[ EXCEPT THAT PORTION OF HUTUAL INSURANCE PREMIUMS WHICH OUR |NSURANC[ DEPARTH(NT ESTIMATED PROISABLE Or R£- FUND AS DIVID£NDS BY THE COTTON AND ~OOLEN MANUFACTURERS MUTUAL |NSURANC£ COMPANY Or NEW ENGLAND. THIS RECOVERABLE PORTION IS RECORDED IN ACCOUHT NO. U21A~0-DEPOSlTS RECOVERABLE FNOH INSURANCE COMPANIES.n THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- INSURANCE COMPAN|ES! INVOICES ENTERED IN THE VOUCHER REGISTER EOVERING SPECIFIC INSURANCE POLICIES CARRIED WITH STOCK COMPANIES, B- CREDITS TO BRANCHES# AFFILIATED COt4PANI£S AND VARIOUS EXPENSE ACCOUNTS FOR REFUNDS RECEIVED FROM INSURANCE COMPANIES ON CANCELLATIONS, REDUCTION Or ¢OV£RAOEw ETCo ON W)'IICH THE PR[HIUt4 OR PORTION THEREOF WAS CHARGED TO THIS ACCOUNT, C- CREDITS TO ACCOUNT NO, "21A30- DEPOSITS RECOVERABLE FROM INSURANCE COt4RANIE$" FOR THE PORTION OF THE INSURANCE DEPOSIT PREHIUH PAID TO COTTON AND WOOLEN ~AHUFACTUR£RS ~UTUAL INSURANCE C044PANy or NEW ENGLAND, ~t'~ICH I$ CONSIDERED NOT RECOVERABLE rRON THE INSURANCE COMPANY* 2 - CREDITS FOR: A- ~OHTHLY CHARGES TO EXPENSE AND OTHER ACCOUNTS COVERING THE EXPIRED PORTION OF PREHIUI,(S APPLICABLE' TO THE NONTHe B- R£rUNOS RECEIVED FROM INSURANCE COI~ffANIES ON CANC[LLATIONSj REDUCTION Or COVERAG(B ETC. ON WHICH THE PRCHIt.R4 OR PORTION THEREOF WAS ORIGINALLY CHARG£O TO THIS ACCOUNT. C- CHARGES TO BRANCHESB LEAF DEPARTI, q[NT$ AND AFFILIATED COHPANIES FOR THEIR PORTION Or INSURANC£ PREMIUMS ORIGINALLY CHARGED TO THIS ACCOUNT, D- DEBITS TO ACCOUNT NO, "21A~0- DEPOSITS RECOVERABLE rNOM INSURANCE CO!I4PANIE$fl FOR TH£ PORTION O¥ RETURN PRENIUt4 RECEIVED FRO44 COTTON AND ~OQLEN ~UTUAL ~ANUFACTUR£RS |NSURANCE COHPANY Or N£W [NGLANDp ~ICN IS CONSIO(REO AS A RE" DUCTION Or THE £STIHAT(D EXPENSE. [- DEBITS TO ACCOUNT NO, "21A~- MISCELLANEOUS ACCOUNTS RECEIVABLE" FOR THE £STIHATED PREMIUMS ON COVERAGES REDUCED OR CANC£LLEO DURING THE YEAR FOR WHICH NO R£MITTANC£ OR CREDIT HAS BEEN RECEIVED A~ yEAR END, THI[ DEBIT BALANCE AT DECEHBER 31 s I~:~ IS COMPOSED Or THE FOLLO*,*'|NG** (CoHTINUtO) f::11 ;,~01
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I • i ~35- UI~XPIR~D INSURANCE OECEH~:R 31, 1951 PAGE 2 AMOUNT OF POLICY ~,500 500,000 ) Bo I LER ) 5o,c~o ) TURB IN[, ) ENG IN£ AND ) MACH l NERY ) PER AGC IDENT ) 5ooli ,ooo,ooo ) PUBLIC LIABILITY ) 50o,0o0 ) PROPERTY DAMAGE ) 1,000COLLISION ) 500/I ,000,000 ) PUBLIC LIABILITY ) 500,000 ) PROPERTY DAHAG[ ) ) ) ) 5oo/1 ,ooo,ooo PUBLIC LIABILITY 500,000 PROPERTY DAMAGE 500,000 ANY ONE LOSS 500/I ,000,000 VARIOUS TYPE OF COVERAG£ AND RISK COVERED F~RE~ TRENTON LEAF DEPARTMENT - ~AREHOUSE BUILDING BOILERI TURBINEI ENGINE AND MACHINERY LIABILITY: YBOR CiTY " TAMPAI FLORIDA TRENTON LEAF DEPARTMENT - TRENTON. NEW JERSEY ELEVATOR LIABILITY: STATES OF ALABAMA, FLORIDA (HILLSBORO COUNTY ONLY). KANSAS, LOUISIANA, NEW JERSEY. NEW MEXICO, NEW YORK; NORTH CAROLINAw SOUTH DAKOTAm TENNESSEE AND WASHINGTON PUBLIC LIABILITY AND PRQPERTY DAMAGE: PUBLIC LIABILITYw CONTINGENT PUBLIC LIABILITY AND PROPERTY DAMAGER INCLUO|NG TEAMS PUBLIC LIABIL|TY AND PROPERTY DAMAGE IN STATES OF ALABAMA, FLORIDA (~ILLSBORO COUNTY ONLY) KANSAS. LOUISIANA, NEW JERSEY, NEW MEXICO, NEW YORK; NORTH CAROLINAm SO4JTH DAKOTAI TENNESSEE AND WASHINGTON PHYSICIANS. SURGEONSp DENTISTS AND NURSES LIABILITY IN STATES Or ALABAMA. FLORIDA (MILLSSORO COUNTY ONLY), KANSAS, LOUISIANA, NEW JERSEY~ NEW MEXlCO~ NEW YORK, NORTH CAROLINA, SOUTH DAKOTA. TENNESSEE AND WASHINGTON ADVERTISING AGENTS LIABILITY - BATTEN, BARTON, DURSTINE AND OSBORII~ INC.; ALB£RT FRANK - GUENTHER LAW, |NC.| N.W. AVER ~ SON, INC.; THE M. H. HACKETT Co.~ SULLIVANs STAUFFERI COLWELL AND BAYLES. INC.; AND LAWRENCE C. Gt.N4BINNER; ~UBEN He DONNELLY CORPe, CARL CAMENISGN ADYERTIBING. |NC. AUTOt4OelLE: PIJeLIC LIABILITY AND PROP¢RTY DAMAGE - SAL[SMENIB AUTOHOBILES FIRE AND THEFT - SALESHENIS AUTONOGILES EXPIRATION UNEXPIRED DATE MARCH 2h, 1952 ~9.02 APRIL 15. 195~ 321.8~ MARCH I, 1952 2~.58 MARCH 1, 19'~2 111.1B MARCH 1, 1952 7.92 $¢RTENe[R 12, I~3 1.7~,60 ,JANUARY 1, ~2 256.63 JANUARY 1. 1952 16.03 (CONT fMU(O) .~.88 f~11- HO '1 02 5_~5 P6
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-d t ~35- UHEXPIR~O INSURANCE DI[CrHBrR 31, 19~1 PAGE 3 VARIOUS VARIOUS 69,5oo,ooo 50,O00,0OO 1~,500,OO0 1,00Oo000 ANY ONE LOSB 10,000 ANY ONE LOSB 1~0,000 ANY ON[ LOSS 500,000 ANY ON[ LOSS VARIOUS 15,o00 ANY ONE LOBS 2,000 ANY ONC LOS5 TYPE Or COVERAD£ AND RISK COV[R[D AUTOHOBIL[: (CONTINUCO) AODITIONAL pREMIUMS DU£ TO CANCCLLAT|ONS AND ADDITIONS OF PUBLIC LIABILITY*PROPERTY DAMAGE, FIRE AND TR[FT COMPREHENSIY[ AND COLLISION" INSURANCE COVERAGE ON CO#4PA~Y O~ED CARS AOOITIONAL PRCMIUHS OU¢ TO CANCELLATIONS AND ADglTIONS Or PUBLIC LIABILITYB PROPERTY DAMAGE, FWRE AND THCFT COHPR£HENSIY£ AND COLLISION JNSURANCE COVERAGE ON PERSONALLY OWNED CAR~ USE AND OCCUPANCY (FIRE): CIGARCTT[S AND SHOKINO FOR BULL DURHAM ONLY. (~UTUAL PORTION) CIGARCTT[S AND SMOKING FOR BULL DURHAM ONLY, (F,I,A. PORTION) CIGARS AND BHOKINO [XGLUO ING BULL DUI~IAM, (I00~ MUTUAL) BONDS._.__.,I BLANKET FIDELITY BOND B~AHK[T ~ORGCRY BOND " ORDERS FOR ~UPPLIERS BLANKET FORGERY BOND - SECURITIES BLANKET FORGERY BOND - CH[C KSm ORAFT$w CTC. COMPENSATION; ~CRKM[HI~ CO#4P~NSATION " NORTH ~AKOTA ~ALESHEN ~OR~[NI$ COt4PENSATION AND ~NffLOYE[S LIABILITY - VARIOUS STATES ~L_LR ISKS : FI~[ ARYS - 111 FIRTH AV[NUEo NEW YORK CITY ~lH[ ARTS - PAINTING ACQUIRED BY ADV[RTISING DEPARTMENT ARBITRARY BHI~ENTS TO JO6B£RS~ ETC.~ ALSO PROP£RTY FOR AOV[RTI$1NG PURPOSES AT D£AL[RB. JOBBERS, ~IHOOV TBIMN[RS~ MOUNTCRI AND FINISH[RS -- nNAN[O PERILSI MERCHANDISE HELO ON APPROYALw EYC* (CoxT INU[O) EXPIRATION UNEXPIRED OAT[ JANUARY 1, ~2 ~0.~2 APRIL 22, 1~'~2 20~.~ JANUARY 1. 1~2 ~,0~2.~ JANUARY 1. l C~2 11,50~.hl JANUARY I, 195k 13,252.32 NOVEMBER 6, ~953 ~,~.90 APRIL 1~, 1952 ~8.75 APRIL 1~, I~ 97.~ ~AY ~, ~953 625,~ MAY ~9, ~2 7.~ DECCMB[R 31, 1951 7,30~,~I DECCNBCR 6, 1952 21.3k DECEMBER 2~, 19'33 h95,Sh NOVCMBER 18, 1~2 3k5.62 FEBRUARY 15, 19~2 ~.1T R1: 01
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8OA35- UN[XPII~:D INSURANCE: DE:C£HBER 31, 1951 PAGE AMOUNT OF 200,000 ) ANY ON( ) LOSS ) loo,ooo ) ANY ONE BUILDING ) 25,000 ) ANY ONE ) 9ASUALY ) 500,O00 ) ANY ONE ACCIDENT ) 1 ,DUO,ODD ) ANY ON£ LOSS ) 5,000 ) ANY ONE LOSS ) 500.000 ) ANY ON[ LOSS ) NOT (XCE£OING ) 5oo,ooo ) DURING CURRENCY ) Or POLICY ) 50,OOO ) ANY ON( LOSS | ) ) REPLACEMENT tz,5oo ) NEW YORK STATE ) ) 10, 0OO ) ) 1,OOO ) ) 35,ooo ) ) 200,000 ) ANY ONE LOSS ) IN THE UNITED ) STATES ) ~O,000 IN ~RANC( ) TYPE OF COVERAOE AND RISK COVERED A~RI3XS; (CONTINUED) |N BUILDINGS, ON DODOS AND MERCHANDISE INCIDENTAL TO 8USlNESS~ EXCEPT OFFICE FURNITUREB MACHINERY AND (QUIPI4(NT, IN UNITED STAT(Sp CANADA AND HONOLULUp T,H° TRANSPORTATION INSURANCE ON VALUABLE PAPERS, OFFICE RECORDSI CONTRACTSl CHECKSp OR DOCU- MENTS OF EVERY SORT AND DESCRIPTION WHILE IN TRANSIT |N THE UNIT(D STATES TRANSPORTATION INSURANCE TOBACCO PRODUCTS EQUIP t dENT AN/OR ~ATERIALS USED IN RADIO+ AND TELEVISION PROGRAMS DESTRUCTION Or RECORD$~ VALUABLE PAPERS+ (TC+m EXCLUDING MONEY+ SECURITIES AND OBSOLETE RECORDS SALESNENIS FLOATER rlR(i THEFT AND HOLDUP AND mALL R|SK~ LOSS Or CDk4PANY RCPRESENTAT|VES ~ILE TRAVELINQ - AUTOS p RAILROAD AND HOTEL ROOMS PLATE GLASS - 111 FIRTH AVENUE, NEW YORK CITY MISC£L~ANEOUSI 0~STRUCTION AND OISAPPCARAHC.( or ~ON~Y ANO S[CURITIES -- INS|DE AND OUTSIDE PREN|SES IN NEW YORK STATE ONLY ~URGLARYI THEFT AND LARCENY - COMPANY PROPERTY 111 FIRTH AVENUE, NEv YORK CITY [MRLOYECSI PROPERTY - 111 ~IFTH AVENUE, NEv YORK CITY REVENUE STAMP ASSESSMENT - I|N BOND" EXPORT SNIPN(NT$ IN TRANS|T DESTRUCTION AND ~ISAPPEARANC( OF ~ONEY AND SECURITIES IN ~RANC[ AND IN THE UNIT(O STATES (XCLUUING N[~ YORK ~TATE (CONTINUED) EXPIRATION UNEXPIRED DATE JwE 1~, 1~ 6,809.~9 O~TOeCR 30, 1952 366.60 S[PTCMSER 30. 19~2 7.~61,63 AUGUST 2~, 1952 50.00 JULY 31, 1952 ~OO.12 JANUARY 2, 1~3 2,000.OO DECENSER ~, 1~2 111.98 M,Y I, 1953 3o8.~ DECEMBER 5, 1~3 2~0..~ FEBRUARY 9, 1952 3~.72 HAY 1, 1~ 127,~0 R 1 :~ O 1
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i ~OA35- UNEXPIRED INSURANCE DECEMBER 31, 19~1 PAGE 250,000 ANY ONE VESSEL ANY ONE TIN[ 100,000 ANY ONE LOSS ) ) TYPE Or COVERAGE AND RISK COVERED MISCELLANEOUS: (CONTINUED) AVIATION - ACCIDENT ATLANTIC AND PACIFIC COASTWISE - MARINE AND WAR ) CONSTRUCTION DAHAGE TO OUR OVN PROPERTY CAUSED BY CONTRACTORS AND SUBCONTRACTORS LEGAL LIABILITY tON PROPERTY Or OTHER IN ) OUR CUSTODY EXPIRATION NOVEMStR 22, 1952 NOVEMetR 6, 1952 MAY 23, 1~2 277.31 1,666.70 .i FI 1" O '1
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~OAI;O- PR£ PA ID ADVERT IS ING OEC{M~R 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS AMOUNTS PREPAID FOR MAGAZINEj ETCIj SPACE ADVERTISING0 pREPARATION WORK ON SPACE ADVERTISINGw RADIO AND TELEVISION ADVERT|SINGe DISPLAY ADVERTISINGs AND OTHER FORHS OF ADVERTISING APPLICABLE TO SUBSEQUENT MONTHSe THIS ACCOUNT RECORDS: 1 " DEBITS FOR I A" AHOUNT$ CHARGED THROUGH THE VOUCHER BEG ISY[R FOR VAN IOUS TYPES OF AOVER~ IS tNG EXPENDITURES WHICH ARE APPLICABL~ TO SUBSEQUENT HONTHSe B-- Y[&R END CHARGE FOR fEDERAL AND STATE UNEHPLOYt4ENT INSURANCE TAX AND FEDERAL OLD AGE BENEFIT TAX ON PAYMENTS MADE TO RADIO TALENT DURING THE CURRENT YEAR WHICH ARE APPLICABLE TO THE FOLLOWING YEARt C- CHARGES FROM BRANCHES FOR SPECIAL WRAPPING (CHRISTMA3~ ETCe) WHICH ARE AP- PLICABLE TO SUBS(QUENT NONTHIS ADVERTISING EXPENSE* 2 - CREDITS FOR: A- TRANSFERS TO ACCOUNT NOB. "5OL2h- PROVISION FOR NEWSPAPER AND MAGAZINE ADVERTISING SPACEwn ~SDL~6- PROVISION FOR NEWSPAPER AND MAGAZINE ADVERTI$ING PREPARATION,a "~OL~8- PROVISION fOR SUNDRY AOVERTISING," "~OL3D- PROVISION FOR PAINT AND BILL POSTINGn "~OL~- PROVISION for RADIO AND TELEVISION ADVERTiS|NGw AND NSOL3~- PROVISION FOR DISPLAY ADVERTIBIN~pn OF AMOUNTS CHARG[O TO THIS ACCOUNTe B- DES|TS TO VARIOUS EXPENSE ACCOUNTS FOR CURRENT MONTHIS PORTION Or SPECIAL WRAPPING ADVERTISING EXPENSE CARR|EO IN THIS ACCOUNT. THE DEBIT BALANCE AT DECEMBER 31o 1951 IS COMPOSED Or THE FOLLC~/ING: ¢RAND AN~ M_Loj A" LUC~ 5TRJ.~ MAOAZIN¢ SPACE: MAGAZINES - NEGRO 1,h0OeT7 PROGRAMS - HISCELLANEOUS .____2~j~ MAGAZINE PREPARATIONI MAGAZINES - COLOR PROGRAMS - MISCELLANEOUS PROGRAMSj ETCj - DEPARTMENT Or MANUFACTURE NEV YORK MARKET EFFORTI- THREE SHEET POSTERS CAR CARDS NARKETEAST ANNOUNCEMENTS NEGRO TESTIMONIALS BOOKLET -- n~HAT MAKES LUCKY STRII~: TASTE BETTER" BOOKLET - nTHE 5YORY Or LUCKY STRIKER POST CARDS - VARIOUS CIGARETTE FACTORIES TWENTY-FOUR SHEET POSTERS 8.18o.98 7a.25 AMOUNT .585.o8 8,37o,15 660.32 576.73 1.5~1.33 h,TTa.hl 1,O66,5o T51.73 558.oo t.,92 iqlNO 1 02555B0
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f 1 ~OAb, O- PREPA ID ADVERT IS ING DECEHBER 31, 1951 PAGE 2 LUCKY STRIE [CONTINU{D) RADIO AND T[LEVISlON: JACK BENNY INSURANC¢ HE[T THE CHAHP DISPLAY ADV£RTIIINO:, SAMPLE rlVC PLACE-CARDS WINDOW POSTERS DUCKIN¢ TACKER SIGNS PACKAGE CUT-OUTS DISPLAY PIECES - ARROV AND BULLIS [y[ DESIGN CAL¢NDARS ART WORK ON POINT OF SAL¢ NAT¢R|AL TOTAL LUCKY STRIKE HERBERT TAREYTOH HAGAZIN¢ PREPARATION TWO BOX SPREADS SILV¢R TRAYS GRAND TOTAL 257.25 7,1&.99 ~9.2o h,h63.65 28,22h .o7 lh,~6.16 AMOUNT 582.~ .... 7" f3 T :q 0 1 i93 02 55_'381
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J ~.~5o PI~PAID [XI>[NSIrS DIrC[I, IBI[R 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS CHARGES APPLICABLE TO THE OPERATIONS O¥ FUTURe ACCOUNTING PERIODS. THIS ACCOUNT RECORDSZ 1 - DEBITS FOR VARIOUS CHARGES ARISING IN THE COURSE Of BUSINESS NOT PROPERLY APPLICABLE TO THE OPERATIONS Or THE CURRENT PENIOO. 2 - CREDITS FOR CHARGES TO VARIOUS [XPENB£ ACCOUNT5 FOR ANOUNTS PREVIOUSLY CHARGED TO THIS ACCOUNT. THERE WAS NO BALANCE IN THIS ACCOUNT AT DECEHBEm 31, 1951. RI-:~O 1 02 555B.~
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fJ ~. ,i 1 • 8OA~O- PREPAID INTEREST, PREHIUH AND DISCOUNT DECEMBER 31, 1951 q THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE PREPAID PORTION OF DISCOUNT ON BANK LOANSj TWENTV YEAR ~1~ (H[BENTURES HATURING APRIL 15, 1962, AND I~/¢HTY-FIVE YEAR ~v~ DEBENTURES NATURING OCTOBER 15j 1969. THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- DISCOUNT ON TWENTY YEAR ~ DEBENTURES ISSUED AS OF APRIL 15D 19~2, B- DISCOUNT ON TIdENTY-FIVE YEAR ~DEBENTURES ISSUED AS Or OCTOBER 15, 19~, C- CREDITS TO ACCOUNT NO, "1OL10- NOTES PAYABLE TO BANKSa COVERING DISCOUNT DEDUCTED BY BANKS UPON DISCOUNT OF OUR NOTESe 2 - CREDITS FOR: A- MONTHLV CHARGE3 TO ACCOUNT NO, m6~>- DISCOUNT ON TWENTY YEAR ~1~ DEBENTURES HATURING APRIL 150 1962u fOR CURRENT HONTHIS AHORTIZATION OF DISCOUNT ON TNEHTY YEAR ~ DEBENTURES, B" MONTHLY CHARSES TO ACCOUNT NO, a~:)l" DISCOUNT ON TWENTV-FIVE YEAR DEBENTURES MATURING OCTOBER ~Se 1969m FOR CURRENT HONTHtB AMORTIZATION or DISCOUNT ON T~IENTY-FIV[ YEAR ~ DEBENTURESo C- CHANGES TO ACCOUNT NO. n69~- DISCOUNT ON TWENTY YEAR ~ DEBENTURES HATURINQ APRIL 15, 1962" for TOTAL UNAHOBTIZEO DISCOUNT ON T~ENTY YEAR ~ DEBENTURES CALLED FOR REDENPTIONw PURCHASED BY THE SINKING FUnD TRUSTEE OR REACQUIREO BY THE CONPANV. D- CHARGES TO ACCOUNT No, #691" DISCOUNT OH TWENTY-FIVE VEAR ~DEBENTURES HATURING OCTOBER 15p 1969" FOR TOTAL UNANORTIZEO DISCOUNT ON ~/ENTY-FIV£ YEAR ~ DEBENTURES CALLED FOR REOEMPTIONp PURCHAS[D BY THE SINKING FUND TRUSTEE OR REACQUIREO BY THE CO44PANYe [- HOHTHLY CHARGE TO ACCOUNT NOe w6T~- INTEREST, EXCHANGE AND DISCOUNT PAIDn COVERING PORTION OF DISCOUNT ON NOTES. F- DEBITS TO ACCOUNT NO. "10A10- CASH tN BANKSI" fOR REBATE Or DISCOUNT DUE ON PREPAYNENT Or NOTESe THE DEBIT BALANCE AT DECEMBER ~1, 1951 IS ¢ONPOSED OF THE FOLLO~/ING: DISCOUNT ON T~NTY VEAR ~ OEBENlrUREB NATURING APRIL 15, 1962 DISCOUNT ON TWI[NYY-FIV£ YEAR ~ DEB[NTURES HATURING OCTOBER 15, 1969 DISCOUNT ON NOTEB ~AYABLE TO BANKB TOTAL 63o,5%%.99 350,789.hl 87%517~2 1,85~,851p82 R 1- N 0 1
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THE OES|T BALANCE Or TH|S ACCOUNT REPRESENTS THE AMOUNT OF RENT PAID IN ADVANCE, THIS ACCOUNT RECORDS| 1 " OEBIT$ FOR VOUCHERS ENTERED IN THE VOUCHI[R REGISTER COVERING PAYMEh~rs IN ADVANCE Or| A- LEASE RENTAL PAID TO AMERICAN C|GARElrTE AND CIGAR COMPANY UNDER TER~fB Of" LEASE DATED HARCH 31, 1932. B" OTHER RENTAL PAYMENTS. 2 - CREO|TS FOR: A- AMOUNTS CREOITED BY ACTIVE BRA~HES 14ONTHLY ON FiFe 23 FOR LEASE RENTAL ON EQUIPMENTp COVERINGI (1) AHOUNT$ ABSORBED IN BRANCH COSTS. (2) AMOUNTS CHARGED BACK TO HE~ YORK O~'rlCE MONTHLY BY BRANCHES ON FmF* 1~ APPLICABLE TO INACTIVE EQu|Pt4ENT AND CHARGED ON NEW YORK OFFICE BOOKS TO ACCOUNT NO* R~)~¢2" |NACTIVE EQUIF~IENT EXPENSE - C|GARStI (3) ANOUNTS CHARGED BACK TO ~.~ldYoRK O~r~lCE MONTHLY BY BRANCHES ON N.Y*O. 60 APPLICABLE TO [QUII~4[NT HELD FOR SPECIAL PURPOSES AND CHARGED TO ACCOUNTS ON N~ YORK OfFiCE BOOKS. B° ~OUNTS CREDITED BY LEAF OEPARTNENT MONTHLY FOR LEASE RENTAL ON S~ILOIHGS AND BU|LD|NG FIXTURESj MACH|NERY A~ EQU|PIM[NT Ate) OFfiCE FURNITURE AND L~UIPt4ENTo C- AMOUNTS CHARGED TO ACTIVE BRANCHES MONTHLY FoR LEASE RENTAL ON BUILDINGSa COVERING| (1) AMOUNTS ABSORBED IN BRANCH COSTS. (2) AMOUNTS CHARGED BACK TO N~ YORK OFFICE NONTNLY BY BRANCHES FOR SPACE USED TO STORE INACTIVE EQUIPNENT A~D CHARGED ON NL~ YORK OFFICE BOOKS TO ACCOUNT NO, 1~.2- |NACTIVE EQUIPt~ENT EXPENSE - C |OARS,u {3) AMOUNTS CHARGED BACK TO NEV YORK O~rlC£ MONTHLY BY BRANCHES FOR VACANT SPACE |N LEASED BUILOINGS AT ACTIVE BRANCHES AND CNARGCO ON ~EW YORK OFFICE BOOKS TO ACCOUNT NO. w~,2° VACANT PROPERTY EXPENSE - CIQARStI {~) ANOUNTS CHARG(O BACK TO I~E;V YORK OFFICE MONTHLY By BRANCHES rO~ SPACE USED TO STORE OBSOLETE q~RAPPING MATERIALj AND CHARGED ON NL~d YORK OFFIC~ BOOKS TO ACCOUNT NO • W~.2- OBSOLETE VRAPPING MATERIAL AND EXPENSES - CIGARS.a D" MONTHLY CHARGES TO ACCOUNT ~O. W~.2- INACTIVE [QUIF~CENT EXPENSE " C|GARSB FOR LEASE RENTAL ON LrQUIleN[HT NOT L~CATEO AT ACTIVE B~ANCHEB• [- MONTHLY CHARGES TO ACCOUNT NO• I~)~o2- VACANT PROPERTY EXPENSE - C|GARSw FOR LEASE RENTAL ON VACANT BUILD|NO3o F- ~ONTHLY CHARGES TO ACCOUNT NO* W~. Ur~sEo TRAO[-~4ARKSp TRADE NANES: QO<X) VILLj ETC. - ClGARSen (CoNTtHu[o) AI ',,-( 0 "I
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a PAaE 2 2 - CREDITS FOR: (CONTINUED) G- MONTHLY CHARGES TO ACCOUNT No. "711.2- UNDISTRIBUTED EXPENSE - CIGARSI FOR DIFFERENCE BETWEEN THE TOTAL LEASE R£NTAL PAID AND THAT ASSORBED AS SHO~N ABOVEt H- MONTHLY CHARGES TO APPROPRIATE ACCOUNTS FOR RENTe OTHER THAN LEASE RENTAL PAID TO AMERICAN CIGARETT[ AND CIGAR CO~IPANYx IN THE MONTHS TO WHICH THC RENT IS APPLICAOLEo A 8UHMARY ANALYSIS OF" TRANSACTIONS FOR THE YEAR 1~1 F"OLLOI#$1 RENT PAID DURINQ 1951 TO AMERICAN CIGARETTE AND CIGAR CONPANy COVERING LEASE RENTAL FOR THE YEAR Ltss= LEASE RENTAL ASSORBED AS FOLLOWS: AMOUNTS ABSORBED IN COSTS: ASHLEY BRANCH CHARLESTON BRANCH K[NTUCKY BRANCH PHILADELPHIA BRANCH SCRANTON BRANCH WILKE$-~RRE BRANCH LEAF DEPARTMENTS ON O~ ~ILDINQS ~ TO_E~ lo,357.7~ lo,357.7~ 11,212.88 59,585.02 70,797.9o 36,31Z.T2 2~,~33.8b, 6o,796.56 ~7,~93.77 16,685.~ 6~,179.~1 1T,~61.51 1T,~1.51 23,T36.97 23,736.97 z~.~2~ ~ TOTAL 1,800,000.00 AHOUNTS CHARGED TO ACCOUNT Noe Z6(~e2° INACTIVE [QUIPNENT EXPENSE - CIGARSI CHARLESTON BRANCH KENTUCKY BRANCH PHILADELPHIA BRANCH SCRANTON BRANCH TAHPAp FLORIDA TRENTON, NEV JERSEY WILKES'BARRE BRANCH LEAF O£PARTH[NT$ TOTAL ON BUILDING SPACE USED ON |NACTIV[ TO STORE [QUII~4£NT INACTIVE AT ALL EQUIPMENT LO;ATIONS 9~2.82 ~,378.18 , ~.~21 .oo 9,679.62 • 977 .oi I ,o75.~ 153.o2 177 • 71 717.69 52.75 TOTAL 10,622.X1~ 9,355.19 1 ,o75.~ 153.o2 177.Ti 717.69 2o6.81 52.75 (CoNTiNu¢o) R1"~O1
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-! t J / L ! 4 -i PAG[ LEss: LEASE RENTAL ABSORBED AS FOLLO~tS: (CONTINU[O) AMOUNT CNAROED TO ACCOUNT NO. =67~.2- 01BSOLETC WRAPPING HATERIAL AND EXPENSE - CIGARSI ON BUILDING SPACE AT CHARLESTON BRANCH AHOUNTS CHARGED TO ACCOUNT NO*"667.2" VACANT PROPERTY EXPENSE - CIGARS:w KENTUCKY BRANCH TAHPA, FLORIDA (THOR BUILDING) TRENTON, NO%/ JERSEY [NERGCNCY OfficE, TRENTONI N¢~ JERSEY (Rr.OIBTRIBUTED TO ACCOUNT NO. =7~8- TREICrON [HERGENCY O~'rlC£ EXPENSEg) TOTAL /~40UNT CHARGED TO ACCOUNT NO, m632.2- STORE AND GENERAL ADVERTISING - CIGARSI CHARLesToN BRANCH KENTUCKY BRANCH SCRANTON BRANCH WILKeS-bARRE BRANCH TOTAL ANOUNT CHARGED TO ACCOUNT NO, u70~,2- UNABSORBED EXPENSE - CIGARSu APPLICABLE TO PREPRODUCTION EXPENSE OF HAVANA LINE CIGARS AT KENTUCKY BRANCH /U4OUNT CHARGED TOACCOUNT NO, "711 .2" UND|STRIBUTF.J) [XPENS[ - CIGARSI AMOUNT CHARG[D TO ACCOUNT NO* "~- LEASED TRAD£-t4ARKB, TRADE HANESj GO<X) WILL, ETC* - CIGARSI DEBIT I~LANC£ DCCEHeER 31, 19~1 11~,~2 9.39 31 .~ 131 .1i0 ~8,o8 1.292.757.12 .l.,98 R l- :,'40 "l 02 5_~58 6
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i i l ~OA~,O- PR£PA|D TAXES D£CEHBER 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE PORTION OF TAXES PAID IN ADVANCE AND THE PORTION Or TAXES FOR ~/HICH LIABILITY EXISTS BUT VHICHPORTION IS APPLICABLE TO OPERATIONS OF THE fOLLOWING ffERIODo THIS ACCOUNT RECORDS; | - DEBITS roRI A- CREDITS TO ACCOUNT NO. n752- TAXES TO BE DISTRIBUTEDN FOR TRANSFER Or TAXES CHARGED THERETO AT TIME Or PAYMENT IdTtlCH TAXES AN£ APPLICABLE TO SUBSEQUENT PERIODS. B- CREDITS TO ACCOUNT NO, "50L78- PROVISION fOR TAXES PAYABLEn MADE AT THE END OF TH£ YEAR COVERING THAT PORTION OF ESTIMATED STATEI ETC. TAXES APPLICABL£ TO OPERATIONS OF TH£ SUCC££DING YEAR BUT fOR WHICH LIABILITY ACCRU£O IN THE CURRENT YEARe 2 - CREDITS FOR TH[ PROPORTION Or PREPAID TAXES CHARGED OFF MONTHLY TO VARIOUS ACCOUNTSm THE DEBIT BALANCE AT DECENBER 31, 1~P~i IS CONPOSEO Or THE IrOLLO~/ING: ~HOUNT KIND Or TAX TAX YEAR TOTAL TAX PREPAID ALABAMA COUNTY LICENSES 10/I/51 - 9/30/52 3OO.OO 225.00 CALIFORNIA LOS ANGELES - CiTY AND COUNTY ~OPERTY 7/I/51 - 6/30~2 2,318.53 1,159.27 CALIFORNIA SACNA.E.TO - CITY PROPERTY 7/1/'31 " 6/'30/52 259.08 129.5k CALIFORNIA SACRANENTO - COUNTY PROPERTY 7/1/51 - 6/30/52 ~36.O1 218.O1 CALIFORNIA SAN DIEGO - CITY AND COUNTY PROPERTY 7/1151 - 6130/52 772.69 386.35 CALIFORNIA SAN FRANCISCO " CiTY AND COUNTY PROPERTY 7/1/51 - 6/30/52 3,5~5.76 1,772.89 CONNECTICUT DISTRIBUTORIS CIGARETTE LICENSE 10/1/51 - 9/30/52 150o00 112.50 DISTRICT OF COLtR4DIA WASHINGTON-CORPORATION LICENSE 1~P~2 10o00 10.00 KANSAS WHOLESALE CIGARETTE LICENSE 1952 12.00 12.00 KANSAS MILEAGE 7/I/51 - 6/30/52 123.82 9h.71 MICHIGAN GRAND RAPIDS - CITY PROP£RTY 7/1/51 " 6/30/52 269.52 13k.76 HISS|SSIPPI TRANSIENT VENDORS LICENSES 3/1/'51 - ~/ 1/52 350,00 58.33 HISSISSIPP| TRANSIENT VENDORS LICENSES h/1/~1 - k/ 1/52 750.00 187.50 MISS ISSIPPI TRANSIENT VENDORS LICENSES 8/1/51 - 8/ 1/52 150,00 87.50 NI$SISSIPPI TRANSIENT VENDORS LICENSES 10/1/51 - 10/1/~2 550.00 h12.50 MISSISSIPPI TRANSIENT VENDORS LICENSES 11/1/~1 - 11/1/~2 200,00 1~.~ HISSOUNI ST. Louis - CITY HERCHANTS LICENSE 7/2/~1 - 7/ 7/52 12,378.98 6,189.~9 NEBRASKA WHOLESALE CIGARETTE LICENSE 1952 100,00 100.O0 NEW HEXlCO WHOLESALERS PERMIT 7/I/51 - 6/~O/52 300.00 150.00 NEW YORK NEw YORK CITY - EXCISE 7/1/~1 - 6/30/~2 18,500.00 9,250.00 NORTH CAROLINA FRANCHISE 7/1/51 . 6/30/52 50,617.72 25,308.~ NORTH CAROLINA INTANGIBLES I~2 3h5.15 3~.1~ NOBTH CAROLINA OUTDOOR ADVERTISING LICENS¢ 6/17451 - 5/31/~2 hOO°OO 1C~.67 (CONTINUED} .-!99 .) -- _ ~- R 1" ~'/0 l 0..- 55-~8 ?
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80A60- PREPAID TAXES DECEMBER 31, 1951 PAGE 2 KIND or TAX NORTH DAKOTA OHIO OKLAHOt4A OKLAHOt4A OKLAHOMA OREGON OREGON PENNSYLVANIA TENNESSEE TENNESSEE TENNESSEE UTAH, SALT LAKE CITY WASHINGTON ~OTOR VEHICLE tEE "WHOLESALE CIGARETTE DEALERS LICENSE FRANCHISE OKLAHOMA CITY - STATEp COUNTY AND CiTY PROPERTY TULSA - STATE, COUNTY AND CiTY PROPERTY LICENSE PORTLAND - CiTY AND COUNTY PROP" ERTY WHOLESALE CIGARETTE DEALERS PER- HIT ANNUAL FEE Excise FRANCHISE MOTOR VEHICLE LICENSE LIC£NSE DEBIT BALANC¢- DECEMBER 31, 1951 TAX YEAR 1952 5/28/51 - 5/26/52 T/ 1/51 - 6/30/52 7/ 1/51 - 6/30/52 7/ 1~1 - 6/30/52 7/ 1/51 - 6/30/52 7/ 1/51 - 6/30/52 1952 7/1151 - 613o/52 T/1151 - 6/3o/52 7/ 1/51 - 6/30/52 1952 7/1/51 - 6/3o/52 TOTAL TAX 2h .OO 1OO.00 h,31o.oo 2,111,17 6:,% 32 200.00 373.38 1.00 150.00 26,000.00 3,000.00 5.25 581.8o AMOUNT PR[ PAI D 2h .00 ~,1.67 2,155.00 1,055.~ 31~.66 100,00 186.69 • 1.00 75.oo 13,ooo.oo 1,500.00 5.25 200 I-I 1 :qO "I 02 555Lq Lq
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....° ,,. ~OA6~-A.r)VANCES F0~ TRAVELING EXPENSE DCCEHBER 31, 1951 THE OESIT BALANCE Or THIS ACCOUNT REPRESENTS THE AMOUNT OF ADVANCES TO EHPLOYEES FOR TRAVELING EXR[NSESj ETC, THIS ACCOUNT RECORDS= 1 - DISITS FOR: A- CREDITS TO CASH FOR ADVANCES TO EMPLOYEES FOR TRAVELING EXPENSES# CONTINGENT rUNDSw ETCI B- CHARGES FRO~4 BRANCHES FOR ADVANCES MADE BY THEM TO EMPLOYEES or THE NEW YORK OFFICE FOR TRAVELING EXPENSESo 2 - CREDITS roR: A- DEBITS TO ACCOUNT NO. "10A10- CASH IN BANKS~ FOR CASH COLLECTED REPRESENTING THE EXCESS OF ADVANCES MADE OVER AMOUNTS ACCOUNTED FOR BY EXPENSE REPORTS. B° DEBITS TO ACCOUNT NO. M737° TRAVELING EXPENSE" AND OTHER ACCOUNTS COVERING THE EXPENSE REPORTS RECEIVED FROM INDIVIDUALS TO ~*~10~ ADVANCES VEREMkDE FOR TRAVELING [XPENSESI THE DEBIT BALANCE AT DECEHDER 31, 1951 IS COMPOSED OF THE FOLLOWING: DATE Or ADVANCE |NDIVlDUA.~L LOCATION AHOUN...~T JULY 2~, 1950 A.J. KELLY NEV YORK OFFICE 20.00 JANUARY 16, 1~1 R. [. TNIELE NEV YORK OFFICE ~.00 JANUARY 17, 1951 [. P. ~ALO TRENTON LEAr DEPT. ~5.OO JANUARY 20, 1951 T.W. HARRIS= JR, SAN FRANCISCO 550.00 JULY 23, 1~1 A, BOOTH NEV YORK OFFICE 25,00 OCTODER 29, 1~1 H. Je BOVDEN NL'~/YoRK OFFICE hO,OO DECEMBER 21, 1~1 K.L. BECK NEW YORK OFFICE h,~ DECEMBER 28, 1951 J, P. LONERGAN NEw YORK OFFICE TOTAL RI-NO 1
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• i 8OA70- PREPAID FREIGHT AND SHIPPING EXPENSE - MANUFACTURED STOCK DECEMBEZR 31, 19~1 THE OESIT BALANCE OF THIS ACCOUNT REPRESENTS THE PROPORTIONATE AHOUMT OF PREPAID FR[IGHTp SRANCH SHIPPING EXPENSE AND WAREHOUSE RECEIVINGp STORAGE AND HANDLING EXPENSESo APPLICABLE TO ALL STOCK "(OTHER THAN PALL HALL) ON HAND AT WAREHOUSES AND THE PROPORTION OF FREIGHT AND SH|PPIHG EXPENSE APPLICABLE TO INVENTORIES or NGOODS OF OTHER MANUFACTUREu AT MANUFACTURING BRANCHES AT DECEMBER 31f 1951. THIS AMOUNT IS NORMALLY ADJUSTED ONLY AT THE YEAR-END. THE OCSIT BALANCE ALSO INCLUDES TH4[ PROPORTIONATE AMOUNTS or FREIGHT AND SHIPPING EXPEkSE PAiD BY DURHAM~ LOUISVILLE AND VIRGINIA BRANCHES APPLICABLE TO PALL MALL CIGARETTES IN TRANSIT TO WAREHOUSES AT THE MONTH END. THIS AMOUNT IS ADJUSTED MONTHLY. THIS ACCOUNT RECORDS: 1 " DEBITS FOR: A" CREDITS TO ACCOUNT NOS. =612.1- FREIGHT AND SNIPPING EXPENSE - ClGARETT[Sj SMOKING, ET¢,fl AND "612.2- FREIGHT AND SHIPPING EXPENSE " CIGARSu FOR THE ADDITIONAL AMOUNT REQU|RCO OVER THE BALANCE IN THIS ACCOUNT AT THE TIHI[ OF THE ADJUSTMENT. B- CREDITS TO DURHAM, LOUISVILLE AND VIRGINIA BRANCHES FO~ AMOUNTS OF FREIGHT AND SHIPPING EXPENSE APPLICABLE TO PALL HALL CIGARETTES SHIPPEDp AS REPORTED ON F.F. 25, 2 * CREDITS FOR: A- DEBITS TO ACCOUNT NOSe "612.1- FREIGHT AND SHIPPING EXPENSE - ClGARCTTESj SMOKING, ETC,m AND "612,2- FREIGHT AND SHIPPING EXPENSE * CIGARSm FOR ANY EXCESS O¥ THE BALANCE IN THIS ACCOUNT AT THE YI[AR END OVER THE ACTUAL AMOUNT R[QUIR[O AT THE TIME OF THE ADJUSTMENT. B- DEBIT TO ACCOUNT NO, R~O~50- AHERICAN CIGARETTE AND CIGAR CONPANY" FOR AMOUNTS OF FREIGHT AND SHIPPING EXPENSE APPLICABLE TO PALL HALL CIGARETTES BILLED TO AMERICAN CIGARETTE ANO CIGAR CO@¢PANy, A SUMMARY ANALYS IS CF TRANSACTIONS FOR THE YEAR 1~ FOLLOWS: DEBIT SALANGEm JANUARY IB 1~1 DEBITS PER F.F, 2~ - FOR FREIGHT AND SHiPPiNG EXPENSES APPLICABLE TO PALL MALL DURHAM BRANCH LOUISVILLE BRANCH VIRGINIA BRANCH TOTAL LESS: AMOUNT GILLED TO AMERICAN CIGARETTE AND CIGAR COMPANY Y[AR END ADJUSTMENTS " CREDITS TO: ACCOUNT NO. m~12.1- FRCIGHT AND SHIPPING £XPENSC - CIGARETTES. SMOKINGI £TCen ACCOUNT NO, "612.2- FREIGHT AND SHIPPING EXP[NSC - CIGARS" DEBIT BALANCE DECEHB[R 31, 1951 79T,~o2.72 57o,~Bo.~ • ,8~.~9.~ 1,853,322.92 91,623.86 1.7~..27 2~7,120,92 7,373.59 ~47.8~.6~. ~02 RTF(O'! 0255590
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~r J 'Tt f . 8OA93- ITEH$ IN SUSPENS£ DECEHE~R 31, 19~1 THIS ACCOUNT IS A CLEARING ACCOUNT I#~llCN RCCOROS DCBITS AND CREDITS FOR IT£HS O~ Im/HICN THC PROPER ACCOUNTS CANNOT BE CHARGEO OR CR[OIT£O AT THE TIM[ OF ORIGINAL NCCOROING, THERE ~AS NO BALANCC IN THIS ACCOUNT AT DE¢[t4acn 31, ! 951, J P l-ll :~0 1
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i ,.:j • ~IAI0- EXPENSES O~ DEBENTURES SET UP FOR TAX PURPOSES DEC£:HBER 31, 1951 "4 THIS ACCOUNT IS A MEHORANDIJ~I ACCOUNT SET UP FOR TAX PURPOSES ONLY. THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE TOTAL EXPENSE, OTHCR THAN DISCOUNT AND COST OF F[DERAL ISSUE TAX STAMPSs INCURRED IN CONNECTION WITH THE SALE OF TWENTY YEAR ~ DESENTURES ISSUED AS OF APRIL 15, 191;2, MATURING APRIL 15, 1962, TWEkTY-FIV[ YEAS ~ DEBENTURES ISSUED AS OF APRIL 15, 1~, MATURING OCTOeCR 15, 1~ AND TVENTY YEAR ~ DES[NTURES ISSUED AS OF JANUARY 1, 1~8, MATURING JANUARY 1. 1~* THIS EXPENSE I$ TO BE AMORTIZED FOR TAX PURPOSES OVER THE LIFE Or THE DEBENTURES. FOR INCC~4[ PURPOSESe THIS EXPENSE WAS CHAR"CO orr IN 1~;~2 TO ACCOUNT NO. "701- EXPENSCS ON Tt#I[NTY YEAR ~ DEDENTURES," IN 19~ TO ACCOUNT NO. "701- EXPENSES IN CONNECTION VlTH :~ DEBENTURES MATURING ClCT~£R 15, 1969,I AND IN I~ TO ACCOUNT NO, ~701o EXPENSES IN CONNECTION WITH ~OEDENTUR[S DUE JANUARY 1w 19(~eI THE OED|T BALANCE OF THIS ACCOUNT |S FULLY OFFSET BY THE CREDIT BALANCES IN ACCOUNT NOSe "~1A15- DEFERRED AMORTIZATION OF EXPENSES ON DEBENTURES SCT UP FOR TAX PURPOSESN AND I~1A20- AMORTIZATION OF EXPENSES ON DEBENTURES ALLOI#I[O FOR TAX PURPOSES.N I TNIS ACCOUNT RECORDS: 1 - DEBITS FOR CREDITS TO ACCOUNT NO, "81A15- DEFERRED AMORTIZATION OF EXPENSES ON DEBENTURES SCT UP FOR TAX PURPOSESm TO RECORD ALL EXPENSES EXCEPT DISCOUNT AND COST OF FCOCRAL ISSUE TAX STAHPS IN CONNECTION WITH THE SALE OF TWENTY YEAR DEDENTURESj MATURING APRIL 15, 1962 AND ALL EXPENSES EXCEPT DISCOUNT IN CONNEC- TION WITH THE SALE OF TWENTY-FIVE YEAR DEBENTURES HATUR|NG OCTOOER 15, I~(~ AND T%/ENTY YEAR DCSCNTURES MATURING JANUARY I. I~. 2 -- CREDITS FOR: A- DCCEHBER 19~5 DEBITS TO ACCOUNT NOD. B1A15 AND B1A20 TO ADJUST FOR THE OIF- FCRENC[ DE TVEEN THE ESTIMATED AMOUNT OF EXPENSES IN CONNECTION WITH I~tNTY* FIVE YEAR ~ D[DENTURE$ S[T UP IN 1~)~ AND THE ACTUAL AHOUNT OF THESE EXPENSES. B- DECENDER 19~7 DEBITS TO ACCOUNT NOSe 81A15 AND 81A20 FOR THC ELIHINATION OF FEDERAL ISSUE TAX Or $110,000.OO O- TWI[NTY-FIV[ YEAR ~ DEBENTURES INCLUDED IN TOTAL EXPENSES SET UP IN 1~ BUT ALLOWED BY THE BUREAU OF ~NTERNAL REVENUE IN THE REVIEW OF OUR I~ FEDERAL I NCO~4E TAX RETURN. THE DEBIT BALANCE AT DECEMBER ~1, 1~)1 IS COMPOSED OF THE FOLLOW INGI T~¢NTY YEAR TWENTY-FIVE YEAR T~/ENTY YEAR DEGEMTURES :~ DEGtNTURES :~ DEDEHTUnES HATURING MATURING MATURING A,RIL 19. 1962 OCTOeER~ JA~UAR~ 1. 1.C~ REGISTRATION FEE I0~00.00 I0,~00,00 PRINTING REGISTRATION STATEMENTe PROSPECTUS* INDENTURE AND RELATED ~OCUNEHTS ~3.655.~5 39.322.63 1,884.96 PRINTING OF REGISTERED AND COUPON OEDCNTURES BY AMERICAN BANK NOTE Co.PAHV 30,h611.13 37,151.08 TRUSTEEIs FEE INCLUDING AUTHENTICATION FEE AND EXPENSES ~6°301.00 59,051.21 6,0OO.00 ACCOUNTANTSI FEE 21.500*00 13,5h9.76 LEGAL FEz 66,7rjO.00 h2,110.32 30,828.00 STOCK EXCHANGE LISTING FEE 12,000.00 12,000.00 MISCELLAN[OUS EXPENSES 11,1~l.ll 1,~.~ ~03.51 FEDERAL ISSUE TAX 82,500.OO TOTAL TOTAl. RI" 01 02_ . 9 2
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I S~ -i •81A15- DEFERRED AHORTIZATION OF EXPENSES ON DESENTURF.S SET UP FOe TAX PURPC6ES DECEHBER 31, 1951 THIS ACCOUNT IS A HEMORAND~H ACCOUNT SET UP fOR TAX PURPOSES O~LYg THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE UNAMORTIZEO EXPENSEI rOR TAX PURPOSES ONLY, ON 3~ DEBENTURES. THIS ACCOUNT RECORDS: 1 - CREDITS FOR DEBITS TD ACCOUNT NO. "81A10- EXPENSES ON DEBENTURES BET UP FOR TAX PURPOSES~ TO RECORD ALL EXPENSES EXCEPT DISCOUNT (AND FEDERAL ISSUE TAX O~ DEBENTURES MATURING APRIL 1~, 1962) INCURRED IN CONNECTION VITH THE BALE OF ~OESENTURES, WHICH EXPENSES ARE TO SE PRORATED OVER THE LIVEB or THE DEBENTURES fOR TAX PURPOSES ONLY, 2 - DEBITS foR: A" MONTHLY CREDITS TO ACEOUHT NO. m~lA~>O- AMORTIZAT|ON OF EXPENSES ON DEBENTURES ALLOWED FOR TAX PURPOSES" TO WRITE ore THE CURRENT MONTHIS AHORTIZATION OF EXPENSES ALLOWABLE fOR TAX PURPOSES ON ~ DEBENTURES OUTSTANDING= ~- CR¢OITB TO ACCOUNT NO, "81A20- AMORTIZATION Or EXPENSES ON DEBENTURES ALLOWED FOR TAX PURPOSESN TO VR|T£ OFt UNAMORTIZED BALANCE Or EXPENSES TO MATURITY ON BONDS pURCHASED OR CALLED FOR REDEMPTION. C- DECEHBERp 1~7 CREDIT TO ACCOUNT NO. ~1A10- EXPENSES ON DEBENTURES SET UP FOR TAX PURPOSESM TO WRITE ore UNAHORTIZED PO~T|ON OF FEDERAL ISSUE TAX INCLUDED IN ORIGINAL EXPENSES SET UP FOR TAX PURPOSES IN 1~1 ALLOWED AS DEDUCTIBLE BY THE |NTERNAL REYCNUE DEPARTHENT ON REV|EW Or OUR l~k~ FEDERAL |NCOHE TAX RETURN, CREDIT SALANCEj JANUARY 1 • 1951 LEss: MONTHLY AMORTIZATION OF EXPENSES ALLO~O rOR TAX PURPOSES BASED ON BONDS OUTSTANDING AT THE BEGINNING Or THE MONTH UNAHORTIZEO EXPENSES ON BONDS PUR- CHASED OR CALLED FOR REDEHPTION TOTAL DEDUCTIONS CREDIT BALANCE, DECEMBER ~1, 1951 A StZNNARY ANALYSIS CF TRANSACTIONS FOR THE YEAR t~l FOLLOWS: TWENTY YEAR TWENTy-rivE YEAR DESZNTUNTB 3;~ DESENTURZS MATURING MATURING ~R!L15, 196a ~OBE~ 15~ !969 lol .3~5.87 133,213.71 TWENTY YEAR 3~OEB~NTUR(S HATUR|NG JANUARY 1, 19~ 95,182.28 8,672.ao 6,9o8.63 5,497.51 21,o78.3~ 5,~9~e79 5~6~8,2O.. %996,~_6 15,0~5 1~.O65.9'9 )2.556,8~ . 9,h9%87 36,/116.69 87,279.88 _ 120,6~6.88 --"; 85,688.~! 29~i625.17 ~.05 Rl-:<O 1 0255593
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.i k~ ~,'IA20- AMORTIZATION OF EXPENSES ON DEBENTURES ALLOI,~ED FCR TAX PURPOSES I~C[I,48~R 31, 19~1 THIS ACCOUNT IS A MEMORANDUH ACCOUNT SET UP FOR TAX PURPOSES ONLYI . THE CREDIT OALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF EXPENSES AMORTIZED FOR TAX PURPOSES ON ~ OEBENTURESo THIS ACCOUNT RECORDSI 1 * CREDITS fOR: A- MONTHLY DEBITS TO ACCOUNT NO, "81A1~- DCrZRREO AMORTIZATION Or EXPENSES ON DEBENTURES SET UP fOR TAX pURPOSESw TOW RITE orr THE CURRENT NONTHIS ANORTIZATION OF EXPENSES ALLO~JEO fOR TAX PURPOSES ON ~ DEBENTURES OUT* STANDING. B- DEBITS TO ACCOUNT NO. n81Al~o DEFERRED AJ4ORTIZATION OF EXPENSES ON DEBEN- TURES SET UP FOR TAX PURPOSESa TO WRIT£ OFF UNANORTIZED BALANCE OF EXPENSES TO MATURITY ON DEBENTURES PURCHASED OR CALLED rOR REDEMPTION. 2 - DEBIT IN DECEMBER 19~7, fOR CREDIT TO ACCOUNT NO, "81A10- EXPENSES ON DEBENTURES SET UP FOR TAX PURPOSES" FOR ELIMINATIO~q OF PREVIOUSLY ANORTIEEO PORTION Or FEDERAL ISSUE TAX or $110,000,00 INCLUDED IN ORIGINAL EXPENSE SET UP fOR TAX PURPOSES IN 19~, ALLOW~.D AS DEDUCTIBLE BY THE iNTERNAL REVENUE DEPARTMENT IN THEIR REVIEW OF OUR 19~ FEDERAL INCOME TAX RETURNs A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOtJ$: CREDIT BALANCEw JANUARy Iw 1950 ADD: MONTHLY AMORTIZATION OF EXPENSES ON DrB£NTURES AI.I.OWI~D FOR TAX PURPOSS'S BASED ON BONDS OUTSTAND- ING AT BEGINNING OF" THE MONTH UNAMORTIZrD S'XPENSES APPLICABLE TO DEBENTURES PURCHASED OR CALLED FOR REOENPT I ON CREDIT SALAMC[, D"CEMBER 31, 1950 i :t 1 TWENTY YEAR TWENTY-FIVE YEAR T~qENTY YEAR 3~ DEBENTURES ~ D£eENTURES ~DEBENTURES MATURINQ MATURING MATURING APRIL I% 19C~ OCTOBER I% 1~67 JANUARY lj I?C~ 140.~,82 81,7~O,15 26,53~.19 8,672.2o 6,9o8.63 5,~97.51 2~,o78.3h _~,39~.79 __ 5,(~t8.2o %996.~6 ~.~.8~ _. 9~.~;g.~ ,~g,o2e.06 ~0~ A1-)~O 1 025~594-
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r ~AIO* BRANDS, TRADC-MARKS, GO00 WILL, ETC. C~CEMm:~ 31, 1~1 THE De'BIT BALANCE OF THIS ACCOUNT R£pRrDIENTS THE NO(,41NAI. BOOK VALUE OF BRANDS, TRADE-MARKSj GOOD WILL, ETC., AS AUTHORIZED BY THC BOARD or DIRECTORS IN JUNE, 19~O. DEBIT BALANCE DECE.DER 31, 1~1 s~ (DETAILS OF THE DALANC[ PRIOR TO REDUCTION TO ~1.O0 IN JUNE, 1950 ARE ¢ONTAINEO IN THE 19~9 FISCAL BIND[R AND SUPPLEMENTAL FISCAL BINDER.) F11-~0"1 02 SSB.q, 5
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/ i "1OL10- NOTES PAYABLE TO BANKS OECEI4~R 31, lc~1 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE UNPAID PORTION OF" LOANS FROM VARIOUS BANKS ON THE COMPANY I S NOTES. THIS ACCOUNT RECORDS: 1 - CREDITS FOR THE FACE AHOUNT OF NOTES pAYABLE DISCOUNTED BY BANKS= EACH CREDIT TO TH IS ACCOUNT IS OFFSET BY A DEBIT TO ACCOUNT NO. "IOAlO- CASH IN BANKSR fOR THE NET PRO~EEDS RECEIVED AND A DES|T TO ACCOUNT NO. I~O&~O- PREPAID |NTERESTB PRE- NIUH AND DISCOUNTN FOR THE AMOUNT Of PREPAID DISCOUNT= 2 - DED ITS fOR VOUCHERS RECORDED IN THE VO4.tCHER REGISTER COVERING REPAYMENTS Of NOTESe THE CREDIT BALANC¢ AT DECEMBER 31, ;951, IS CO~POS£O Or THE FOLLOWING: NET AMOUNT BAN..,.,.,.~KK BORROWZD NOTES DATED SEPTEMBER 24, 19~1 - DUE FEeRUARY 1. 1952 .- R8~¢ 2 1/2~ MANUFACTURERS TRUST CoW.ANY 3,9~,166.6T d. P. MORGAN & COMPANY, INCORPORATED 1+9~2.0~3+33 NOTES DATED SEPTEMpER_27, 1951..t DUE FEBRUARY 1 ~1 1~ -- RAT~ ~ 1/2J~ OANHCRS TRUST CO.PANY 3.960.833.33 THE HANOVER BANg 3,960,833.35 NOTCS OATEO OCTOe~R. ~l 1~5! " DUET~BRUARY ~5.1952 - RATE 2 1/~ THE CHASE NATIONAL BANK OF THE CITY OF NEW YORK ~,~'~3,~2.22 GUARANTY TRUST COMPANY OF NET YORK ~,953,It72.22 NOTES DATCO OCTOBER 10| 1951 " DUE ~¢eRUAR~ 1~. 1%2 -- RATE 2 1/2~ IRVlNa TRUST COMPANY 2,973,333.33 NANUFACTURERS TRUST COMPANY 2,973,333.33 THE NATIONAL CITY BANK or NEW YORK 3,9~J4,~h.~E NOTES OAT~OOCTpe~ 19, 19~1 - OUr FEDRUAKY 2~, 1952 ~, RATE 2 ~ THE NATIONAL SHA~4UT BANK OF BOSTON THE FIRST NATIONAL ~ANK Of CHICAGO THE NORTHERN TRUST CO¢4PANY CITIZENS FIDr.J. ITY BANK AND TRUST COMPANY ~IRST NATIONAL BANK Of LOUISVILLE THE LOUISVILLE TRUST CONPANy FIDELITY-PHILADELPHIA TRUST COMPANY GIRARD TRUST CORN EXCHANGE BANK ~AND TIT~ ~ANK AND TRUST C01qPANY THE PENNSYLVANIA COt4PANY FOR BANKING AND TRUSTS THE CENTRA~ NATIONAL BANK OF RICHNOND FIRST AND ~ERCHANT8 NATIONAL BANK STATE PLANTERS BANK AND TRUST COMPANY VIRGINIA TRUST CO~4PANY 2 ,~T~,6oo.To ,~o.28 ~,~o.~ a~T,~6o.oT ,~.~ ,76o.~2 89o,856.z5 z,969.Sao.8~ z~7,~,6O.OT 7E2,380.20 7~2,~.ZO .~.o3 (CONTINUED) ~5,833.33 17,9~6.67 ~6,~.67 26,666.67 35.555.56 25.399.3o ~o:59.7a 5,079.86 ~o,~59.7~ 5,o79.86 2,539.93 ~o,3t9.~ ~5,a39.58 9,1~3.75 3o,~79.16 2,5~9.93 T,619.8o 7.619.80 1,OtS.gT GROSS ,~,40UNT h ,OOO,OOO.OO 2,000,000.03 ,O00.000.00 ~ ,000,000.00 5,000,000.00 5°000,000.00 3,000o000.00 3.000,000. O0 .000.O00.00 2.500°OO0.00 1,000°000.00 500,000.00 1,000,OOO.00 500,000.00 aSo,ooo.oo 2 oooooooo.oo 1,500,000.00 900°000.00 3,000,000.00 250+000.00 75o,ooo.oo 75o,ooo.oo loo,ooo.oo 208 R 1 :~O "1 0255596
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4 :t 10L10- NOTES PAYABLE TO BANKS DECEMBER 31 p 19~I PAGE 2 NET AMOUNT BORROWED NOTES DATED NOVEMDER 16, 19~1 - DUE FEBRUARY 1, 1952 - RATE 2 ~/~ THE CHASE NATIONAL BANK Or THE CITY or NEW YORK ~,970,590.28 GUARANTY TRUST COMPANY Or NEW YORK ~,970,590.Z8 HOTES DATED NOVEMBER ~0% 1951 - OUEMARCH 28, 1952 - RATE 2 ~/~ TN[ CHASE NATIONAL BANK Or THE CITY OF NEW YORK ~.~mS~8e~l NATIONAL CItY BANK Or NEW YORK ~,9~,5~8.61 NOTES DATED DEEEMe¢~ 5Z 1_951 - DUE MARC. 28. 10~2~ RATE 2 ~ THE HANOVER BANK 3,965,166.67 CHEMICAL BANK AND TRUST COMPANY 3,~69,520.~O NOTE DAt¢O_DECCMeERT,_1951 -_DUE FEORUARY 29, 19~2-RATE 2~/)4% THE FIRST NATIONAL BANK Or CHICAGO ~,967,916.67 NOTES OAT~=O DECE_.MB.ER 7, 1951 - DUE APRIL 11, 1952 - RATE 2 ~/h~ BANKERS TRUST COMPANY 2,971,125.00 IRVING TRUST CO~4RANY 990,375.00 NAHUrACTURERS TRUST COMRANY 990,37%00 J. P. MORGAN a COHPANY, INCORPORATEO 900,375.O0 NOTE O~T¢O OccEMBr~ 1~, !c~1 : DUE HARFH 28~ lC~2 . RATE 2 ~/~ THE FIRST NATIONAL BANK Or CHICAGO 3,967.611.11 NOTE DATED D~C¢Ne~lhj l C~! ,~ DUE APRIL lh. 1~2 - RATE_2 ~ THE FIRST NATIONAL BANK Or CHICAGO h,953,402.78 NOTE DATEO B£CEHBC~ 19. 1~1 - DUE APRIL 2~, ljq~2 - RATE ~, THE CHASE NATIONAL BANK Or THE CITY Or NEW YO~K h,9~6,666.67 NOTE OATEO DECEMBER 19. 1951 -- O U¢ APRIL 2~, 1952 - RATE 2 ~/~ THE NATIONAL CiTY BANK OF NEW YORK ~,9~t,111.11 NDTCS DATED OECEHeCR_ 21±!9~1 - DUE HAY 9, 195_2 - RATE ~1~ THE CHASE NATIONAL BANK OF THE CITY Or NrV YORK ~,9~1,666.67 THE NATIONAL CITY BANK Or NEW YORK ~,~1,666,67 NOTES OATEG D¢CEMeCR 28, 1~1 - DUE ARRIL 25, 19~2 - RAT¢~ BANK OF NEw YORK AND FIFTH AVENUE BANK 990,0~3.33 CHEMICAL BANK ANO TRUST COMPANY 3,960,333.33 IRVING TRUST COHPANY 3,960,333.33 TH¢ NEW YORK TRUST COMPANY 2,9]0,250.00 UNITED STATES TRUST COMPANY OF NEW YORK 1,~1~5,125.00 (CONTINUED) ag,ho'3.Ta 29,ko9.72 h5,~51.39 3h,833.33 3o,h79.~o 3~.o~3.33 28,875.OO 9,~5.OO 9,6~:5.OO 9,625.00 3~.38~.89 ~6,59T.2~ 53,333.33 ~8.8~8.89 58,333.33 58.333.33 9,916.67 3%666.67 39.666.67 ~ ,~50.oo ,~75.o0 GROSS AMeUM~ 5,0OO,000.00 ~ .OO0,OOO.OO 5,OOO,OOO.00 5,000,000.00 ~, OOO, OOO.OO 3,500,000.00 5,000,000.00 :3,000,000.00 1 ,OOO,OOO.OO 1,0(X).OOO.OO 1 ,OOO,OOO.OO h.OOO,OOO.OO 5,OOO,OOO.OO 5,000,000.00 5,000,000.00 5,OOO,OOO.OO 5,OOO,OOO.OO I , OOO.OOO.OO ~,OOO.OOO.OO II ,OOO,OOO.OO 3,OOO,OOO°OO I °~O,OOO.OO R T >< 0 "1 209 0255592
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.i 1OLIO- NOTES PAYABLE TO BANKS DECEI,~BER 31 ,. 1 9~1 PAGE NET ANOUNT BORROV~D NOTE DATED DECEMBER ~1, 19:jl - DUE APRIL 2S, I¢~:J2-RATE GUARANTY TRUST COMPANY OF N£V YORK h,~1,666.67 NOTE DATED :DECE"S[R ~lp 1951-_Duc MAY g, lCY:j2 t..RATL~ GUARANTY TRUST COMPANY or NEV YORK ~,~,8~.~3 CREDIT 8ALANCE, DCCENBtR 31, 1951 DISCOUNT ~8,333.33 54.1 ~: 67 138,69h .h58. 3,?. 1,305.5~1 .,~ GROSS ANOUNT 5,000,000,00 fi.OOO.OO0=OO 210 R1-F~O 1 02S5598
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fJ -~ ~OL20- NOTES PAYABLE TO SUBSIDIARY AND AFFILIATED COHPANIES OCCE~R 31, 1 951 THE CREDIT BALANC£ Or THIS ACCOUNT REPRESENTS THC ANOUNT DU¢ SUBSIDIARY AND AFFILIATED COMPANIES ON THE COMPANyIs DEMAND NOTES. THIS ACCOUNT RECORDS: 1 * CREDITS FOR DEBITS TO ACCOUNT NOS. nlOA10- CASH IN BANKS" OR "IOA~O- UNAPPLI[O CASH COLLECTIONSm FOR CASH RKC[IV[D FROM SUBSIDIARY AND AFFILIATED COt4PANI[$ OH THE ANERICAN TOBACCO CO~IPANyIs DEMAND NOTES, 2 - DEDITS FOR PAYNENT or THESE NOTES. THERE ~/1£R£ NO TRANSACTIONS IN THIS ACCOUNT DURING 1~1, THERE WAS NO BALANCE AT DECI[NBER ~1, ~1. t~1- ~0 "I
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-I 20(.11- ACCOUNTS PAYABLE - SALESMEN'S EXPENSE ACCOUNTS DECEMI~R 31, 1951 UP TO AND INCLUDING SEPTEMBER 3OF 1~8p THE CREDIT BALANCE OF THIS ACCOUNT REPRES(MTED THE AMOUNTS DUE TO M(NBERS OF OUR SALES ORGANIZATION AS SNO%~I BY EXPENSE ACCOUNTS RENDERED AND APPROVED UP TO AND INCLUDING THE LAST FULL VE£K OF EACH NONTH, SUeSEQUENT TO SEpTENBER 30p 1 9~ THE CRZDIT BALANCE IN" CLUDES~ IN ADDITION TO THE FDREGOINGp AN AMOUNT REPRESENTING ACCRUAL FOR FRACTIONAL WI[EKIS EXPENSES TO THE END DF THE MONTH, THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- ANOUNTS OFFSETTING NONTNLY CHARGES TO ACCOUNT NOS, t616.1- SALESNENIS SALARY AND EXPENSE " ClGARETTESm SNOKINGm [TEeI AND "616.2- SALESNENIS SALARY AND EXPENSE - CIGARSm AND OTHER MISCELLANEOUS EXPENSE ACCOUNTS ¢OV(RING THE AHOUNT O(r $ALESMENIS EXPENSE ACCOUNTS REND(RED AND APPROVED UP TO AND INCLUDING THE LAST FULL WEEK OF EACH MONTH, 8- AMOUNTS OF ESTIMATED EXPENSES ACCRUED FOR FRACTIONAL WEEKw WITH DEBIT OFFSET TO ACCOUNT NOS. "616.1- SAL(SNENIS SALARY ANO EXPENSE - CIGARETTES, SNOKINGw [Teln AND "616.2- SALESNENIS SALARY AND EXPENSE - CIOARSe! 2 " OEDITS FOR: A" ALL PAYMENTS OF SALESNENIS EXPENSE ACCOUNTS AS LIST£O ON N,Y,O, ~-D AND TRANSFERR[D TO THE TREASURERIS DEPARTNENT FOR PAYMENT, ~ORt4S N,Y °O, 6~-~ ARE USED TO RECORD THE TOTAL DALLY PAYT4ENTS IN THE CASH DISBURSEMENTS REGISTER. B- REVERSAL IN THE SUCCEEDING MONTH OF ACCRUALS FOR ESTINATEO EXPENSES SET UP IN THE PREVIOUS MONTM~ WITH CREDIT OFFSETS :O ACCOUNT NOS, "616.1- SALESNENIS SALARY AND EXPENSE * CIGARETTES~ $NOKING~ [TC*R AND "61~.2- ~AL(SNENIS SALARY AND EXPENSE - CIGARS,~ C* AMouNTs OF FINAL EXPENSE ACCOUNTS APPLIED TO CONTINQENT FUND SHORTAGES. A SUNMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1 FOLLOWS: CREDITS FOR S~SM~N'S (XP£~SES JANUARY 102,111.15 FESRUARY 101,060.36 MAPCN 116,2~3.32 APNIL 97,056.5T ~A Y 102,982.83 JUN[ 11~,~72.33 JULY r~,o55.51 AUaUST 106,~91.3~ ' SEPTENe(R 81,126.OO OCTOeER 103,235.9~ NOVENeER 106,2'~.12 DECENSER 6~195.h2 CREOIY SAL~NEE. 0(¢(NSER 31. 19'~1 DESlT.._.~S CREDIT BALANCE END OF HON~H 9o,~t9.9o ~,99t.25 98,715.o7 I~,3~6.5k ~o6,589.89 23.999.97 11 (>,256.5T ~ 3,265.20 ~oz,~7~ .~6 25,566.3T T6,;~9~ .26 i ~,33o.62 99,667.56 21.15~.~O 80,607.99 21,672.~I 1'i 2,~:>8.85 12,~T9.~,,9 97.TT7.~ 3 21,156.118 8b',61~l.L~ RT ~0 1 02~5600
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20LI3- ACCOUNTS PAYASI.[ - ACCRUED PAY ROLL DECEMBER 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS A LIABILITY FOR SALARIES AI~D WAGES EARNED BUT NOT YET PAID, THIS ACCOUNT RECORDS: 1 - CREO|TS FOR: A- DEBITS TO BRANCHES FOR ACCRUALS OF OVERTIME EACH MONTH FOR BRANCH EMPLOYEES PAID BY THE NEW YORK OffiCE, 8- DEBIT TO ACCOUNT NO. "722- GENERAL AND ADMINISTRATIVE EXPENSEu POR OVERTIME SALARIES ACCRUED AT YEAR-END fOR ~NPLOYEES Or THE NEW YORK OFFICE, C" DEBIT TO ACCOUNT NO, a711 .2- UNDISTRIB~JTED EXPENSE - CIGARS~ IN DECEMBER 1951 TO PROVIDE FOR RETROACTIVE WAGE ADJUSTHENTS AT CERTAIN OF THE CIGAR BRANCHES, 2 - DEBITS FOR: A" CREDITS TO BRANCHES TO REVERSE THE PREVIOUS HONTHIS ACCRUAL OF OVERTtHE FOR BRANCH EMPLOYEES PAID BY THE NEW YORK OffiCE. B- CREDIT IN JANUARY TO ACCOUNT NO. 17~2- GENERAL AND ADHINISTRATIVE EXPENSEI TO REVERSE PREVIOUS YEAR-END ACCRUAL OF OVERTIHE FOR EMPLOYEES OF THE NEW YORK OFFICEe C" CHARGES PROM BRANCHES FOR PAYMENT Or RETROACTIVE VAGES$ ACCRUED ON NEV YORK OffiCE BOOKS IN DECEMSER 1951. THE CREDIT BALANCE AT DECEMBER 31 • 1951 IS COMPOSED OF THE POLLOUING: OVERTIME SALARIES FOR NEW YORK O~FICE EMPLOYEES PROVISION FOR MILITARY SERVICE ALLO4JANCE PROVISION rOR RETROACTIVE WAGE ADJUSTMENTS; CHARLESTON BRANCH KENTUCKY BRANCH ASHLEY B~ANCH ~CRANTON ~RANCH WILKES-BARRE BRANCH CREDIT BALANCE, DECEMBER 31, 1951 ~6,260.00 8,837.~o. ~,372.35. RI'~OI 0255601
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f f 2OL15- SUNDRY ACCOUNTS PAYABLE DECEHBER 31, 1951 THE CREDIT BALANCE Or THIS ACCOUNT REPRES£NTB AJ404JNTS PAYABLE OR WMICH MAY BEE 0 HE pAYABLE TO SUNDRY CREOITORSw WHICH AMOUNTS ARE NOT RECORDED IN OTHER LIABILITY ACCOUNTS, THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- HONTHLY DEBITS TO ACCOUNT HOe "20L1~- HISCELLANEOUB ACCRUALS PAYABLEm COVERING AMOUNT PAYABLE TO SOCIETE ANONYME DIEXPLOITATION D¢S PAPETERIES L, LA CROIX FILS FOR THE MANUFACTURING RIGHTS OF BOOKLETS NANUFACTUR[D FOR OUR ACCOUNT BY H, HI STRAUS DURING THE MONTH IN ACCORDANCE WITH AGREEMENT WITH THE SOCIET¢ DATED OECEMBER Ij 1~Oe B-AMOUNTS CREDITED BY BRANCHES COVERING REVENUE STAHP AND MATERIAL SALVAGE REALIZED ON UNSALABLE RETURNED GOODS FOFlWHICH CLAIH WAS FILED AGAINST TRANSPORTATION CO#4PANIES FOR THE ACCOUNT OF CUSTO(qERSe C- VARIOUS LIABILITIES ARISING IN THE COURSE OF BUSINESS NOT PROPERLY CLASSIFI- ABLE IN ANY OTHER LIABILITY ACCOUNTe 2 - DEBITS FOR: A- BILLS ENTERED IN THE VOUCHER REGISTER COVERING pAYNENTB OF THE LIABILITIES BET UP IN THIS ACCOUNTI B- CREDITS TO VARIOUS CLAIM AND CUBTOI4CRS ACCOUNTS TRANSFERRING TO THEN REVENUE STAMP AND MATERIAL SALVAGE PREVIOUSLY CREDITED TO THIS ACCOUNTI THE CREDIT BALANCE or THIS ACCOUNT AT DCCIrHBER 31, 1951 IS COMPOSED OF THE FOLLOWING: SOCIETE ANONYME OIEKPLOITATION DES PAPET£RIE$ Lo LA CROIX FILS HANUFACTURING RIGHTS 7,378.8h REVENUE BTANP AND MATERIAL SALVAGE TO BE APPLIED AGAINST CLAIMS FILED VITN TRANSPORTATION COMPANIES ~2.~ NEW YORK STATE DISABILITY BENEFITS INSURANCE PREMIUM FOR RADIO AND T£LEVIS ION TALENT FOR THE MONTHS OF OCTOmER THROUGH DECEMBER 1~1 285.77 AMOUNT DUE J. Se INSKIP FOR EQUIPMENT REC(IVED AT SEABOARD TERNINAL WAREHOUSE IN OECEMB¢R AND INVOICED IN JANUARY 19~2 1 ,~0~.~O AMOUNT DUE CANADA DRY FOR PORTION OF CHRISTMAS PARTY EXPENSE FOR WHICH CHARGES WCRE RECEIVING IN JANUARY 19~2 10~.0¢j CREDIT FROM AMERICAN CIGARETTE AND CIGAR COI4PANY FOR PAYMENT RECEIVED BY THEM FROH BAGQETT TRANSPORTATION COMPANY COVERING OUR CLAIM FOR WHICH CUBTOHERIs ACCOUNT WILL BE CREDITED IN JANUARY lCJ~2
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~J q • 20L18- MISCELLANEOUS ACCRUALS PAYABLE I~CCHE~R 31, 19'3t THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS NISCELLANEOUS ACCRUALS WHICH ARE NOT R¢CORDED IN OTHER LIABILITY ACCOUNTSe THIS ACCOUNT RECORDS: 1 - CREDITS rOR: A- MONTHLY DEBITS TO ACCOUNT NO. n~_ GENERAL AND AONINISTRATIVE EXPENS¢~ SUBACCOUNT NO. W~O- AUDITING FEESm TO PROVIDE rOE ESTIHATEO ANNUAL AUDITING tEEs. B- MONTHLY DEBITS TO ACCOUNT NO. "7~" LEGAL EXPENSE¥ TO PROVIDE POR THE ESTIHATEO ANNUAL LEGAL FEES OF CHADBOURNE, PARKE. WNITESIDE~ WOLPr & BROPHY. C- HONTHLY DEBITS TO ACCOUNT NO. 1722- GENERAL AND ADMINISTRATIVE EXPENSE~ SUBA¢COUNT NOB m~l" CORPORATE FEESI TO PROVIDE FOR THE ANNUAL FEE Or GEORGE K. LARGE, OUR REGISTERED AGENT IN NEW JERSEY. D- MONTHLY D¢BITS TO ACCOUNT NO. 17OO- TRANSFER EXPENSE STOCKS AND BONDSq COVERING ONE TWELFTH Or THE EBTINATED ANNUAL EXPENSES FOR THE FOLLOWING SERVICES| I - THE GUARANTY TRUST CONPANY or NEw YORK| A- As TRANSF¢R AGENT OF PR£F£RR£O AND COt4NON STOCK AND NAINTENAHCE Or STOCKHOLDERS ACCOUNTe B- As TRUST£Ep REGISTRARI PAYING AGENT AND FOR REDENPTION SERVICES ON TIdENTY YEAR ~ DEBENTURES NATURINQ APRIL 15, 1962, T~iENTY YEAR O£BENTUR£$ NATURING JANUARY 1, 19~ AND TVENTY-flV£ YEAR DEBENTURES NATURING OCTOBER 15, 19~. C- FOR NISCELLAN£OUS S£RYIC£So 2 - CITY BANK FARNERS TRUST COMPANY AS REGISTRAR O4P PREFERRED AND COt4NON STOCKSe 3 - HUNTERDON COUNTY NATIONAL BANK OF FLENINGTON FOR RECORDING TRANSFERS OF PREFERRED AND COMMON STOCKS6 - CH£NICAL BANK AND TRUST CONPANY AS TRUSTEE AND REGISTRAR Or ~ BONOSe E- DEBITS TO ACCOUNT NO. "27A~- ClGAR£TTE BOOKS" TO SET UP ROYALTY Or $2.00 PER M BOOKS BASED ON CNANPAGNE PAP[R DIVISION Or [CUqJTA PAPER CORPORATION CURRENT NONTNIS PRODUCTIONe THIS ROYALTY IS PAYABL£ TO SOClETE ANONYN£ DIEKPLOITATION DES PAPETERIEB L. LACRoIX FILS UPON SNIPNENT or BOOKS TO CU~TONERS. ~" CREDITS FROM OURHAN BRANCH FOR AMOUNT ADDED TO COST Of" BULL DURHAM LA CROIX tREE BOOKS PRODUCED £ACH MONTH TO PROVID¢ fOR ~1~000 PER YEAR CONPENSATION PAYABLE TO L. LCCROIX ~ILS fOR PAPgR NANUrACTURED IN THE UNITED STATES AND USED IN TH£SE BOOKS. G- MISCELt.ANEOUS ACCRUALS OTNKR THAN TI4OBE LISTED ABOVE, (CONTINUED)
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.¢ F~ i f I '2OL18- MISCELLANEOUS ACCRUALS PAYABLE DECEMBER 31 , 1951 PAOE 2 2 - DEBITS FOR: A- VOUCHER REGISTER CHARGES COVERING PAYI4[NT OF ITEH$ FOR IdttICH PROVISION HAS BEEN SET UP IN THIS ACCOUNTe B" C- MONTHLY CREDITS TO ACCOUNT NO. "2OL15- SUNDRY ACCOUNTS PAYABLEI TO TRANSFER TO THAT ACCOUNT ROYALTY PAYABLE ToLe LACROIX FILS AT $2 PER ~ ON 150 LEAP CIGARETTE 8OOKS SHIPPED DURING THE MONTH TO EUSTOMERSa CREDITS TO ACCOUNT NO. "2OL15- SUNDRY ACCOUNTS pAYABLE" FOR QUARTERLY PORTIONS OF $20m0OO YEARLY COMPENSATION PAYABLE TO L. LACRoIX FILS FOR PAPER MANUFACTURED IN THE UNITED STATES AND USED IN FREE CIGARETTE BOOKSe THE DIFFERENCE BE TWI[EN THE $20,000 CREDITED TO ACCOUNT NO. 2OL15 AND THE CREDITS RECEIVED FROM DURHAM 8RANCH (1-F ABOVE) IS CHARGED OR CREDITED TO ACCOUNT NO. "711.1- UNDISTRIBUTED EXPENSES - CIGARETTESs SNOKING, ETC.w THE CREDIT BALANCE AT DECEMBER 31, 1~1 IS COHPOSEO Or THE FOLLOWING: LYBRAND ROSS BROS. AND ~ONTGOMERY: ESTIMATED ANNUAL AUDITING FEES GUARANTY TRUST COMPANY OF NEW YORK: SERVICES ON 20 YEAR ~v~ DEBENTURES MATURING APRIL 15. 1962 1 - TRUSTEE 2 - REGISTRAR - PAYING AGENT GUARANTY TRUST COMPANY OF NEW YORK: SERVICES ON 25 YEAR ~ DEBENTURES MATURING OCTOOER 1~, 1969 1 - TRUSTEE 2 - REGISTRAR - PAYING AGENT GUARANTY TRUSTCOMPANY OF NEW YORK! SERVICES ON 20 YEAR ~ DEBENTURES MATURING JANUARY I, 1968 TRUSTECp REGIBTRARw RAYINB AGENT HUNTEROON COUNTY NATIONAL~ANK RECORDING STOCK TRANSFERS BERLEY AND COMPANY, INCORPORATED: ACCRUAL FOR USE OF PRIVATE ELEVATOR AT 111 FIRTH AVENUE FOR NOVENBER AND DECEMBER 1, OO0. OO 31.25 1,1oo.oo 31.25 60,000.00 2,131.25 2,331.25 500.00 1,1~.~8 333.33 (CONTINUED) AI ~0 "I ~I.G ~-_- -.- O~ _. 5 b Ch.'l-
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.t-~ ~ I 2OL18o MISC£LLA,N[(XIS ACCRUALS PAYABLE DcCr~R 3~, 1951 PAGC ~ SOCI[T£ ANONYM¢ OI~xPLOITATION DES PApET£RI[S L. LA CROIX FILl: ROYALTY AT TWO DOLLARS PER H ON CIGAR[TT£ BOOKS ON HAND AT CHAHPAGN[ PAP[R DIVISION Or ECUSTA PAPLR CORPORATION AND LOCATIONS Or THE ~4ER lEAN TOBACCO COHPANY AT D¢CEHB[R 31, 19'~1 GtORG£ K, LARGE: SERVICES AS REGISTERED AGENT FOR PREFERRED AND CO$4HON STOCK IN THE STATE Or NEW JERSEY fROH OCTOBER 1 TO DEC£HBER 31, 1951 WEST£RN UNION T£L¢GRAPH CONPANY - ACCRUAL fOR (STINAT(D ¢XPCNSE - MONTH OF D[C¢HBER 19'~1 ACCRUALS fOR OTHER CREO|TORII BILLS AND NISCCLLAN[OUS ACCRUALS TOTAL 18,928.~o 250.00 12,000.00 ~,898~8~ ,?..1.'7, RI-~O 1 0255605
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i /f .... 20L23- R£GISTI[R[O HAIL AND PARCI[L POST INSURANCE PR£HIUHS PAYABI.~ DCCEH~R 31. 1~1 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS A LIABILITY FOR INSURANCE PREMIUMS ACCRUED ON THE CURRENT MONTHIS REGISTERED MAIL, PARCEL POST AND REGULAR NAIL 8HIPMENTS BY NEW YORK OFFICEe SEABOARD TERHINAL AND REFRIGERATION COt4PANYj VARIOUS WAREHOUSES* BRANCHES, LEAF DEPARTMENTS AND AFFILIATED COt4PANIESe THEG[ PREHIU)4S ARE PAYABLE UPON N[CEIPT OF BILLING FRO#4 DEGPARO AND CO#4PANY, |NCORPORATEOa AGENTS FOR THE CONTINENTAL INSURANCE COMPANY, TO ~ON A MONTHLY REPORT IS RENDEREOt THIS ACCOUNT RtECORDS: 1 - CREDITS FOR: A- THE AMOUNT OF PREHIUHS ACCRUED MONTHLY BY NEW YORK OFFICE FOR SHIPMENTS OUT OF ill FIFTH AVENUE, NEW YORKt SEABOARD TERMINAL AND REFRIGERATION COMPANYB TRENTON BRANCH AND VARIOUS VANEHOUSESe B- THE AMOUNT OF PREM|UNS ACCRUED BY BRANCHES AND CREDITED TO NEW YORK O~FICE MONTHLY+ C- THE AMOUNT OF PREMIUMS ACCRUED BY AFFILIATED COMPANIES AND LEAF DEPARTMENTS AND CREDITED TO THE AMERICAN TOeACCO COMPANY MONTHLYo 2 - DEBITS FOR MONTHLY PAYt4£NTS TO D£SPARD AND COMPANY, |NCORPORATEDI FOR PREMIUMS DUE ON THE PRIOR MONTNIS SHIPMENTS6 THE CREDIT BALANCE AT DECEMBER 31, 19~1 IS CONffO.~£O OF THE FOLLOWING: REGISTERED HAIL 3.12 PARCEL POST AND REGULAR Y~IL CREDIT BALANCE, DECENB(N 31, 1951 AI "1
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J 1~i .2OL25- ACCOUNTS PAYABLE - INCO".~ TAXES WII'HHELD FROM NONRI[SIOI[NT ALIENS OR FOREIGN CORPORATIONS D[CEHB[R 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS AJ4OUHTS PAYASL£ TO THE COLLECTOR OF INTERNAL REVENUE FOR INCOt4E TAX WITHHELD FROH NONRESIDENT ALIEHSp NONRESIDENT PARTNERSHIPS COI4POSEO IN ~IOLE OR IN PART OF NONRESIDENT INGIVIDUALSo AND NONRESIDENT FOREIGN CORPORATIONSp AS REQUIRES BY THE INTERNAL REVENUE CODE. THIS ACCOUNT RECOROS: -CREDITS FOR: A" CHARGES TO ACCOUNT NOS. I~OLIO- PlqEFERRED STOCK DIVIDENDS PAYABLE" AND fl3OL20- COHHON STOCK DIVIDENDS PAYABLEs COVERING TAX VITHHELO rE044 NONRESIDENT ALIENS OR FOREIGN CORPORATIONS WHEN CO¢4HO~1 OH PREFERRED DIVIDENDS ARE PAID. B- CASH COLLECTIONS FROM STOCKHOLDERS FALLING IN ONE OF THE ABOVE CLASSlFICATION$~ IdHICH CASH WAS HOT WITHHELD FROM DIVIDENDS 8ECAUSE OF LACK Or KNOWLEDGE OF CITIZENSHIP STATUS OF STOCKHOLDER. C- MONTHLY CHARGES TO ACCOUNT NOI 17~O~ SALARIES AND TAXES" FOR AMOUNT OF FEDERAL INCOt4[ TAX WITHHELD FROM SALARIES Or NONRESIDENT ALLEN EMPLOYEES PAID BY THE NEV YORK OrrlC£o 2 - DEBITS FOR: A- VOUCHERS RECORDED IN VOUCHER REGISTER COVERING PAYHENTS TO STOCKHOLDERS Dr TAX[$ WITHHELD rR0t4 THEIR BIVIOEHDS AT TIN[ OF PAY)4[NT AND LATERREFUNDED WHEN SUCH STOCKHOLDERS CERTIFIED TO THIS CONPANY THAT THEY WERE: 1 - NOT NONRESIDENT ALIENSe 2 - ENGAGED IN BUSINESS IN AND HAVE AN OFFICE LOCATED IN THE UNITEO STATES, B- VOUCHERS RECORDED IN VOUCHER REGISTER COVERING PAYI4[NTS Or VITHHELD TAXES TO THE COLLECTOR OF INTERNAL REVENUE. THE CRrOIT BALANCE AT DECEMBER 31, 131 IS COt4POS¢O OF THE FOLLOWING: INCOME TAX WITHHELD FROM DIVIDENDS PAID OH PAYABLE TO FOREIGN STOCKHOLDERS, DETAILS ARE ON FILE IN TREASURERIS DEPARTNENT ATe01
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E" f L=OL26- AHOUNTS PAYABLE TO FOREIGN STOCKHOU~RS WITHHELD UNDER UNITED STATES TREASURY DEPARTMENT REGULATIONS DECEHS~R 31 • 1 951 THE CREDIT BALANCE OF THIS ACCOUNT REPRZSZNT$ AMOILINT$ PAYABLE TO FOREIGN $TOCKHOLD[R$ I#HICH HAVE NOT BE{N PAID BECAUSE OF UNITED STATES GOVERNMENT RESTRICTIONSj AND UNCLAIMED AHOUNTS OqdlNG TO FOREIGN STOCKHOLDERS FOR DIVIDEHDSj PREVIOUSLY BLOC KEDp NO~ FREED THIS ACCOUNT RECORDS| 1 - CREDITS FOR DEBITs TO ACCOUNT NO, "1OA10- CASH IN BANKSN FOR: A- REDEPOSIT Or DIVIDEND CHECKS VITHHELO FROM FOREIGN STOCKHOLDERS IN ACCORDANCE WITH UNITED STATES TREASURY DERARTI4£MT REGULATIONSt B- CREDITS RECEIVED FROM THE GUARANTY TRUST COMPANY OF NI~/ YORKe SUBSCRIPTION AQENTw COVZRING PROCC¢DS FROi4 SALES Otr FORZIGN STOCKHOLD[RSI COMHON STOCK D SUBSCRIPTION WARRANTS, ~HICH PROCEEDS VERE VITHHELO FROH SUCH STOCKHOLDERS IN ACCORDANCE WITH UNITED STATES TR[ASURY DEPARTMENT REGULATIONS. " DEBITS FOR VOUCHERS ENTERED IN THE VOUCHER REQISTER FOR PAYMENT TO FOREIGN STOCK- HOLDERS OF AMOUNTS V ITHHELD AND LATER RELEASED UNDER THE FOLLOWING CONDITIONS: A" WHEN STOCKHOLDER IS A CITIZEN OF TM[ UNITBO STATES OF AHERICA AND RETURNS TO CONTINENTAL UNITED STATtSp AND D- WHEN DOCUMENTARY AUTHORIZATION FOR SUCH RELEASE IS RECEIVED FROM THE UNITED STATES TREASURY DEPARTMENTs A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1 FOLLOWS| TOTA._~C CRZOIT BALANCE, JANUARY 1, 1~1 9,920.99 ADO - AHOUNT$ CREDITED IN 1951 1,278,81 DEDUCT - 1951 PAYMENTS eCRCOIT BALANCE DECEMBER 31, 19~1 5,1;~O.OG I~ETAIL$ BY STOCKHOLDERS AND AHOUNTS VIT1HHELD ARC KEPT BY THE TREASURERIS DEPARTMENT. PROCEEDS FROM SALES OF DIVIDENDS COt4HON STOCK W I THHELO B SUBSCRIPTION -~WARRANTS 3,TO~.OO 73.31 ,~9t7~ - ~ . ,8~3.75 73.31 2R20~,00 . 29,~2 . DIVIDZNO$ PAYABLE 6:~3.68 1 ~g.o6 6,282.7~ ,2~7.7~ RI" ;~0 1
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2OL27- INCOME TAX PAYABLE ON TAX-FREE COVENANT INTEREST PAID DECEMBER 3~, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF FEDERAL INCOME TAX PAYABLE ON INTEREST PAID ON TAX-FREE COVENANT BONDS Or THIS COt4PANYe THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- MONTHLY D[S|TS TO ACCOUNT NO. "(~- INCOME TAX ON TAX-FREE COVENANT INTEREST" COVERING OUR LIABILITY FOR FEDERAL INOOf4E TAX ON INTEREST PAID ON TAX-tREE COVENANT BONDS OF THIS COMPANY, 2 - DEBITS FOR: A- CREDITS TO ACCOUNT NO, "752- TAXES TO BE DISIRIBU;EON IN THE YONTH IN WHICH PAYHENTS ARE HADE COVERING THE AMOUNT OF TAXES ACTUALLY PAID AND CHARGED TO ACCOUNT NO. 75a. A SUHNARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 19~1 FOLLOWSI CREDIT BALANCE, JANUARY Ii l~f~l PROVIDED IN 1951: JANUARY 2,00 FEBRUARY 139,0~ MARCN 23.60 APRIL 8,8~ MAY ~.~0 JUNE 2,00 JULY 1.20 AUQUST 117oB~ S(PTCM.ER 6.84 OCTOBER I.~0 NOVEMBER ~,~0 DEOEWBER TOTAL L($$: PAYMENT IN JUNE CREOIT BALANCE, DECEMBER 31, 1951 322.46 6~3.86 ,~.21 Pt T blO "1 0255609
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--,! 1 '2OL30- ACCOUNTS PAYABLE- C 4TY, STATE ANDNATIONAL TAX ~/ITHHELD DECEI,~ER 31, 1~1 -2: TN¢ CREDIT BALANCE OF THIS ACCOUNT R(RRESCNTS THE ANOUNT DUE TO CITY, STATC AND NATIONAL GOVERNMENTS COVgRING TAX WITHHELD FRON THE WAGES AND SALARIES Or COMPANY (HPLOY(ESp EXCLUSIVE OF FEDERAL INCOI4[ TAX WITHHELD, THIS ACCOUNT RECORDS: 1 " CREDITS FOR: Ao MONTHLY CREDITS FROM BRANCHES FOR AJdOUNT OF INCOe4t TAX WITHHELD rRON BALARI~S AND WAGES OF EMPLOYEES. B- MONTHLY CHARGES TO ACCOUNT NO. "7~0- SALARIES AND TAXESfl FOR ANOUNT or INCOelE TAX WITHHELD FROM SALARIES Or EMPLOYEES PAID BY THE NEW YORK OFrlCC. C- CASH BOOK DEBITS TO ACCOUNT NOD ~(~ILlO- CASH IN BANKSI FOR RAYHENTS TO THE CC~4PANY BY NONRESIDENT EMPLOYEES (~" THE NEW YORK OFFICE AND KENTUCKY BRANCH, FOR NEW YORK AND JCd[NTUCKY NONRESIDENT INCOt4E TAXESp WHICH ARE REQUIRED TO BE WITHHELD AT SOURCE. 2 ~ DEB ITS FOR PAYNENTS Or AMOUNT OF SUCH TAXES TO THE CITY, STATe AND NAT I ONAL GOVERN- MENT$, A SUtO4ARY ANALYSIS or TRANSACTIONS FOR THE TEAR 1~1p O£TAILS OF WHICH ARE ON rlLt IN TN( PAY ROLL D£PARTM£NT. FOLLOWS: DETAILS| AHOUiqTS CREDIT BALANCE WITHHELD FRON JAHUA~Y 1. l C)~1 SALARIES TAXES PAID STATE Or NEV YORK 18~.~ 25,624.91 ~:~,723.36 CITY OF PHILAO[LFHIA 2,23~.60 21,958.91 22,2~6.03 STAT£ Or INDIANA "I,7~ 1,T~ STATE Or KENTUCKY -- 135.~ 135.85 STAT¢ OF" OREGON ~6e58 1C~.~ 160.18 CITY Or SCRANTON ~5~e~6 2,676.0~ 2,696.a~ CITY or LOUlSVlLLC 12,~7~.53 53,L~8.90 51 ,~3h.18 SCRANTON SCHOOL DISTRICT236.35 2,510.60 2,531.71 STATe Or VERaoNT - _ ~5.59 _ 14,69 TOTAL 15.~gh.20 , 106~67.5h ~oh,9h6.0o _. CR[OiT BALANCE D¢C(~BER ~,1, 19'~1 ~.~3 ,~o.~8 51 .~ ~3~,06 ~5.ah aO.~ 16.855.7~ RI~O1 02~$610
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.2OL33- SALES AND USE TAXES PAYABLE DECEMBER 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF SALES AND USE TAX PAYABLE TO THE CITY OF NEW YORK AND THE STATE Or CALIFORNIA, THE CITY OF NEW YORK TAX IS BASED UPON: (1) RETAIL SALES VlTHIN NCV YORK CITY, (2) MATERIAL PURCHASED OUTSIDE NEV YORK CITY FOR USE VITHIN N[V YORK CITY, THE STATE OF CALIFORNIA TAX IS BASED UPON SALES OF FINISHED GOODS TO INSTITUTIONS ~ITHIN THAT STATE, THIS ACCOUNT RE¢OROS: 1 - CREDITS FOR: A* OCBITS TO ACCOUNT No. N1~10- CASH IN BANNSa COVERING AMOUHT OF TAX COLLECTED FROM PURCHASERS OF HOSIERY FRONTHE MILLCREST HOSIERY MILLS, THROUGH THE AMERICAN TOBACCO COMPAHY, B" DEBITS TO ACCOUNT No. "2OA30- ACCOUNTS RECEIVABLE - OFFICERS AND EMPLOYEES" THROUGH THE VOUCHER REGISTER COVERING TAX CHARGED VARIOUS tNOIVIOUALS ON PERSONAL PURCHASES HAD[ OH THEIR BEHALF BY THE AH£RICAN TOeACCO COHPANY. C- MONTHLY OCB|TS TO ACCOUNT NO. "15A10- ACCOUNTS RECEIVABLE - CUSTOMERSf AND OTHER ACCOUNTS COVERING TAX BILLED TO CUSTOI4ENS AS REPORTED ON ~ACTORY ~ORN 31. O- MONTHLY DEBITS TO SUBSIDIARY AND AFFILIATED COMPANIES HAVING OFFICES IN NEW YORK CITY FOR TAX OH SALE Or STATIONERY AND SUPPLIES BILLED TO THEM. [- CHARGES TO ACCOUNT NOe m20~20-- SUNDRY ACCOUNTS RECEIVABLEw COVERING TAX BILLED TO VARIOUS INDIVIDUALS FOR PURCHASES FROM THE AMERICAN TOeACCO COMPANY, F- TAX BILLED OR COLLECTED ON MISCELLANEOUS SALES NOT CLASSIFIABLE UNDER ANY Or THE FOREGOING, 2 - DEBITS FOR PAYMENTS THROUGH THE VOUCHER REGISTER TO CITY COLLECTORI DEPARTMENT Or FINANCEw NEW YORK CITY AND THE STATE BOARD Or EQUALIZATION, SACRAMENTO, CALIrORNIAe THE CREDIT BALANCE AT D[CCHBER 31, 1951 IS cof4POS[O OF THE FOLLO~/ING: SALES AND USE TAXES PAYABLE PO~ THE QUARTER ENDED DECEICS[R 31, 1~1 TO: NEV YORK CITY 2~1.87 STATIC Or CALIFO4~NIA AI-:,~O 1 02. _q. 5611
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4 20L37- ACCOUNTS PAYABLE - STATE UNEI4PLOYMENT INSURANCE TAX - EMPLOYEESm CONTR IBUTION DECEMBER 31 ,, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE UNPAID PORTION OF [MPLOY£ESI CONTRIBUTION fOR STATE UNEMPLOYMENT INSURANCE TAXES PAYABLE TO VARIOUS STATES. THIS ACCOUNT RECORDSZ 1 - CREOITS FOR: A* DEBITS TO ACCOUNT No, a730-SALARIEB AND TAXESI SUBAC¢OUNT "2- TAXESI COVERING AMOUNTS DEBUCTCO BY THE NEW YORK OFFICE tROt4 EMPLOYEESI SALARIES AND WABES FOR THEIR PORTION or STATE UNEMPLOYMENT INSURANCE TAX, B- CRCOITS FRON BRANCHES COVERING AMOUNTS DEDUCTED BY SUCH BRANCHES tROt4 SALARIES AND WAGES OF ENPLOVEES FOR THEIR PORTION Or STATE UNENPLOYMENT INSUt~ANCE TAX, - DEBITS FOR QUARTERLY PAYNENTS TO VARIO4JS STATE UNEMPLOYMENT COMP£NSATION COMmiSSIONS OF AMOUNTS DEDUCTEO FROM EMPLOYEESI SALARIES FOR TAXABLE PERIOO$ PRIOR TO THE DATE OF PAYNENTS, A SUMMARY ANALYSIS FOLLO~ OF TRANSACTIONS roe 19~1; DETAILS ARE ON rILE IN THE PAY ROLL DEPARTMENT; CREDIT BALANCEp JANUARY 1, I~I CREDITS fOR ~OUHTS WIT~ELO BY= NEW YORK OFficE TOTAL PAYN£NTS TO VARIOUS STATES IN 1951 CREOIT BALANCE, DECE.BER 31, 19=31 5o5.98 697.63 R1-;ffO1
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-! 20L~- ACCOUNTS PAYABLE - FEOIERAL OLD AP'~" B~NEFIT TAX - EMPLOYEES~ CONTRIBUTIO~ DCCEI4~ER ~1, 19~1 TH| CREDIT |ALAM¢[ O~ THIS ACCOUNT RCPE[S[NTS THE UNPAID PORTION Of [NPLOY[tSI CO~(TR|BUTIONS FOR rCDCRAL OLD AQE BCN[?IT TAXCS PAYABLC TO TN[ COLLCCTOK or |NTCRNAL RCVCNUC. THIS ACCOUNT R[CORDS: 1 - CRCOIT$ FORZ A- D[81TS TO ACCOUNT NO. u730- SALAR|C$ AND TAXISw SUBACCOUNT NO. w2_ TAX[Sm COVCRIKG A.II404JHTS OCOUCT[D BY THC NCW ~ORK OFF|C[ FROM [~PLOY[[SI SALARIES AND WAGC$ fOR TN[IR PORTION OF F[O[RAL OLD AGC DCNCrlT TAX, B" CRCO|TS fRO~ SRANCHCS COVCRING AMOUNTS OCOUCTCD BY THIN FROM SALARIC$ Or [MPLOY[CS FOR THCIR PORTION OF FCOCRAL OLD AG[ BCNCFIT TAX, 2 - DCBIT$ FOR QUARTCRLY PAYM[NTS TO THC COLLCCTOR OF INTCRNAL RCVENUC Or AMOUNTS DCOUCTCD FROM [NPLOY[C$I SALARICS fOR TH[ ffRCCCOING NONTHS. SUI4HARy ANALYSIS ¥OLL~ Or TRANSACTIONS fOR 1~1; OtTA|LS ARC ON FILl IN 11~C PAY ROLL 0[PARTH[NT: CRCOIT BALANC[, JANITARy I, 1951 CR[O|TS FOR #J4OU~TSWITHHCLO BY: N£W YORK Orrlc£ BRANCH~S TOTAL PAyNCNTS MAD[ IN !~1 CRCOIT 8ALANCt, OCCCHBCR 31, 1951 ~7,~93.71 lO7,~26.39 662,378.63 ~. ?,,,# 5 f-~l'~01 0255613
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:! fJ - t -4 4 20L39- ACCOUNTS PAYABLE - STATE S IC1~1155 COHPENSAT 10N TAX ° EMPLOYEE51 C0NTRIBU~ IOt~ D£CF~IBER 31, 1951 ~H£ CREDIT IALAHC[ OF THIS ACCOUNT R[PR£SCNTS TH¢ Ut4PA|D PORTION Or CHPLOYEESI CONTR|EUT|OHS FOR STATE SICKNESS CO~PCNSATION TAX PAYABLE TO 114£ STATE OF RHODE ISLAND, THIS ACCOUNT RECORDS: 1 " CREDITS FOR DCSlTS TO ACCOUNT NO. "730" SALARIES AND TAXES," SUBACCOUNT NO. m2- TAXESn COVERING AHOUNT$ DEDUCTED BY THE NEW YORK OFFICE FROM CNRLOYECS! SALARIES AND WAGES FOR STATE SICKNESS COMPENSATION TAX, 2 ~ OESlTS FOR QUARTERLY PAYMENTS TO RHODE iSLAND STATE SICKNESS COHPENSATION FUND OF AHOUNTS DEDUCTED FRON £HPLOYEESI SALARICS FOR TAXABLE PERIODS PRIOR TO THE DATE OF PAYHENT, A SUNHARY ANALYSIS FOLLOWS Or TRANSACTIONS FOR I~P~|; DETAILS ARE ON riLE IN THE PAY ROLL DEPARTHENT~ CREDIT BALANCE~ JANUARY Ip 1~1 CREDITS FOR AMO~INTS WITHHELD SY: NEW YORK OFFICE PAYMENTS TO RNOOC ISLAND SICKNESS COMP¢NSATION FUND C~¢OIT SALANCE, OECE~SER 31, 1951 1~.27 1,678.6o f"31- F(O 1 ,r~ ,rll O2 ~56 "I 4.
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20Ll~O- ACCOUNTS PAYABLE - FEDERAL TAXES WITItHELD FROH EHPLOYEE$ DECEHB~R 31, 1 951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE UNPAID PORTION PAYABLE TO COLL[CTOR Or |NT[RHAL REYtNUEe fOR FEDERAL WITHHOLDING TAXES DEDUCTED FROH EMPLOYEES! SALARIES. THIS ACCOUNT RECORDS| " CREDITS fOR: A- DEBITS TO ACCOUNT NO. "730- SALARIES AND TAXESI SUEIACCOUHT NO. "2- TAXESI COVCRING ANOINTS DEDUCTED BY THE HE~ YORK OrrlC¢ FROH ¢MPLOYEESI SALAR|{S AND WAGES fOR FEDERAL WITHHOLDING TAXESe CREDITS FROM BRANCHES COVERING AHOUNT$ DEDUCTED BY THEH FROM SALARIES OF EHPLOY[ES FOR FCDERAL WITHHOLDING TAXES. 2 - D(SITS FOR MONTHLY pAYMENTS TO D[POS|TARY AGENTS ACTING FOR THE COLLECTOR OF iNTERNAL REVENUE Or ANOUHTS D[DUCT[O FRO#4 EMPLOYEESI SALARIES FOR THE PRECEDING MONTH* A SUgARy ANALYSIS FOLLOVS OF TRANSACTIONS FOR I~1; DETAILS ARE ON riLE IN THE PAY ROLL DEPARTMENT: CmEOIT ~ALAHCE, JANUARY 1, 1~1 CREDITS FOR ANO4JNTS VITHNELO BY: N¢W YORK OFFICE BRANCHES TOTAL PAYMENTS MADE IN I~1 CREDIT BALANCE, DECEMBER 31, 1£51 367,~,66.37 i ,~36,363.66 ~,,,75o,213.~ ~dr'Im AI'P401 0255.61S
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-2OL~,7- NEW YORK STATE DISABILITY BCNEFITS. INSURANCE PREHIUH PROVISION, AND WITHHOLDING APPLICABLE TO RADIO AND TELEVISION TALENT DCC[~R 31, 1951 IN THIS ACCOUNT IS REC ORO[D THE PREHIUt4S PROVIDED FOR DISABILITY INSURANCE FOR RADIO AND TELEVISION TALENT AS R£QUIR[O BY THE NEW YORK STATE DISABILITY LAW AS WELL AS ANOUNTS WITHHELD FRO~I PAYMENTS TO SUCH TALENT BEGINNING JULY 1950. THERE WILL NORMALLY BE NO SALAHC[ IN THIS ACCOUNT SINCE THE EXCESS OF THE PRENIUN PROVISION OVER THE AMOUNTS W|THHELO IS AD JUSTEO EACH NOHTN. HOWI[VER. Ir THE CUT4ULAT IV[ VITHHOLDIHGS SHOULD EXCEED THE PR[MIUN PROV|$1ONS THE CREDIT BALANCE WILL APPEAR IN THIS ACCOUNT AS A LIABILITY OF THE COMPANY. THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- DEBITS TO ACCOUNT NO. "2OA20- SUNDRY ACCOUNTS RECEIVABLEN TO RECORD MONTHLY BILLINGS TO THE ADVERTISING AG£NCY FOR AHOUNTS W|TNHELO BY TNEH FRO¢4 TALENT+ B- O£BITS TO ACCOUNT NO. "50L32- PROVISION fOR RADIO ADVERTISINGn TO RECORD THE EXCESS Or INSURANCE PRCHIUM PROVIDED OVER ANOUNTS ~ITHHELO FROfl TALENT DURING THE HONTN. 2 - D[8|TS FOR CREDITS TO ACCOUNT NO. "20L15- SUNDRY ACCOUNTS PAYABLE" TO RECORD THE AHOUHT Or INSURANCE PRENIUN PROVIDED FOR THE NONTH BASED ON TH~ NUNBER Or YAL[NT ON THE PAY ROLL ON THE 15TH OF THE HONTH NULTIPLIEO BY TH£ RATE PER IND|VIOUAL AS fURNISHED BY THE INSURANCE AGENCY. A SUHHARY ANALYSIS OF" TRANSACTIONS FOR THE YEAR 19~1 fOLLOWS: PREMIUHS PROVIDED FOR LESS: ~tTHNOLOINGS fROH TALENT AHOUNT CHARGED TO EXPENSE THROUGH ACCOUNT NO. n~OL~- PROVISION fOR RADIO AND T[LEV|SION ADV[RTISINGg BALANCE OECE~BER 31, 1~I 356.1o 82~8~ ,184.18 -0- ~8 f31";gO'! 0255B IE,
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S 2OLEO- ACCOUNTS PAYABI.[ - H06PITAL SERVICE INSURANCE PRENIUNS DEDUCTED FROH ENPLOYE~I SALARIES ANO ',,,/AGES D£CD41~R 31, 19~1 THE ¢RrOIT BALANCE OF" THIS ACCOUNT REPRESENTS THE AMOUNT DUE HOSPITAL SERVICE ASSOCIATIONS fOR INSURANCE PREHILQ4S VITHHELD IrROi4 SALARIES AND rAGES OF CO#4PAHY EHPLOYEES. THIS ACCOUNT RECORDS: - CREDIT8 fOR DEBITS TO ACCO~INT NO, 1730- SALARIES AND TAXESm fOR AHOUNT$ Dr.DUCTEO tROt4 SALARIES AND VAGE$ 2 - DEBITS fOR MONTHLY PAYMENTS TO HOSPITAL SERVICE ASSOC|ATIOH$ Of AHOt)tiTS DEDUCTED A $UI414ARY ANALYSIS Or TRANSACTIONS fOR THE yRAR FOLLO'i/S; DETAILS ARE MAINTAINED IN THE PAY ROLL DEPARTMENT| J~4OUNY$ WITHHELD BY NL~ YORK Orrlc£ PAY ROLL DEPARTHENT PAYHENTB TO ASSOCIATED HOSPITAL S[RVIC[ OF HL~/ YORK CREOIT BALANCEp DECEMBER ~1; 19"~1 5,8~.TO RIXOI
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• 20L60- ACCOUHIS PAYABLE TO IEHPIOY[[S DECEMBER ~1, 1~1 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS A LIABILITY TO EHPLOYEES AND INCLUDES ADDITIONAL COM- PENSAT|ON DUC THE PRESIDENT AND VICE PRESIDENTS UNDER TERMS OF ARTICLE X|| OF THE By-LAws Or THE COt~RANYe DETAILS OF THE COMPUTATION OF SUCH ADDITIONAL COIdP£NSATION ARE SHO~/N IN THE PRESENTATION OF ACCOUNT HO, N719- ADDITIONAL COt4PENSATIOH - OFF|CIAL~,I THIS ACCOUNT RECORDS: 1 - CREDITS FOR| A- HONTHLY D£BITS TO ACCOUNT NO, 1719- ADDITIONAL COMPENSATION - OFF|CIAL$~ FOR ADDITIONAL COMPENSATION DUE THE ~tSID£NT AND ~IC[ PRESIDENTS+ Bo DEBIT TO ACCOUNT NO. H20A30- ACCOUNTS RECEIVABLE - OFFICERS AND EMPLOYE~Sff FOR CREDIT BALANCES IN THAT ACCOUNT AT THE YEAR END+ C- SUNDRY OTHER CREDITS roR AMOUHTS DUE I~MPLOYE[S. - DEBITS FOR: A- CREDIT TO ACCOUNT NO. w730~ SALARIES AND TAXESn COVERINQ PAYMENTS MADE TO OFFICIALS FOR ADDITIONAL CO~qPENSATIONe B- CREDIT TO ACCOUNT NO. I~>OA~O- ACCOUNTS REC£1VABLE - OFFICERS AND [NPLOYE[Sn RETURN|NO CREDIT BALANCES AT ~t[ END OF THE PR[C~3|~YEAR TO THAT ACCOUNT, C- PAYINENT$ OF SUNDRY AMOUNTS DUE EMPLOYEES+ THE CREDIT BALANCE AT DECEHSER 31+ 1~F~1 IS COMPOSED OF THE FOLLOWINGS AD01TIONA[ COMPENSATION - DIrFICIAL$, Y{AR 19~I RICHARD J+ BOYLAN JAMES R. COON JOHN A, CRO~I[ PRESTON L. FOVL[R PAUL M, HAHN EDMUND A. HARY£Y TOTAL SUNDRY AMOUNTS DUC EMPLOYEES CREDIT BALANCEp D£CE~SEn 31, I~I 92,z~SS.h7 92,h95.hT 92,h5,5.47 I~5,6~9.3~ 578,o96.69 R 1" :,"<01 230 02556 "18
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20L63- UNCLAIMED WAGES PAYABLE ECE~CR 31, 1~1 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF VAOES UNCLAIMED BY FORMER EMPLOYEES IN THE PERIOD FROM DECEMBER 1 , 1~1 To DECEMBER 1 OF THE CURRENT YEAR. PRIOR TO 19~8 THE BALANCE REPRESENTED WAGES UNCLAIMED WITHIN SIX YEARS PRIOR TO DECEHSER il OLDER AMOUNTS BEING TRANSFERRED EACH YEAR TO ACCOUNT NO. "(~O- SUNDRY UNCLAIMED PAYABLE ACCOUNTS." THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A" MONTHLY CREDITS PROM BRANCHES COVERING REDEPOSITS BY THEM or VAGES UNCLAIMED BY FORMER BRANCH EMPLOYEES ONE MONTH AFTER PAY ROLL DATES. B* CHARGES TO ACCOUNT NO. "1OA10- CASH IN BANKSff COVERING ALL WAGES UNCLAIMED BY FORMER NEW YORK OFFICE AND TRENTOM BRANCH EMPLOYEESe C- CHARGES TO ACCOUNT NO. "~0- SUNDRY UNCLAIMED PAYABLE ACCOUNTSn PeR THE AHOUNT OF UNCLAIMED WAGES PAID FOR PAY ROLL PERIODS PRIOR TO DECEMBER 1w 1~1. 2 * DEBITS FOR: A- MONTHLY CHARGES rBOH BRANCHES COVERING PAYMENTS BY THEM OF UNCLAIMED VAQES PREVIOUSLY CREDITED TO THIS ACCOUNT. B- VOUCHER RECORD CHARGES COVERING PAYMENTS Or UNCLAIMED WAGES TO FORMER BRANCH EMPLOYEES, C° AHOUNT OF UNCLAIHED WAGES ~AID TO FORMER NEW YORK OFFICE [HPLOYEES VITH OFF- SETTING CREDITS TO ACCOUNT NO. "10A10- CASH IN BANKS." A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1, DETAILS OF WHICH ARE RECORDED ON THE UNCLAIMED WAGES R[CORDj FOLLOWS: YEAR CBEDIT BALANCE _ 1~1 19~1 C leAR BRANCHES: ASHLEY " 266.39 58.37 208.0a CNABLEBTON " 1,150.91 h~.16 661.75 KENTUCKY " 817.61 138.91 678.70 ~,LADEU'M,A I,~53.89 98a.95 ~7o.~ SCBANTON 1~9"~1 78.07 TI.3~ WILKES-BARRE 2~0l~ ~6l~ 20~111 TOTAL CleAR BRANCHES ~tO~.20 1.TB~,~h . 2,294.(~'~ OTHER BRANCHES:. DURHAM 1,h1~,36 1,25~.99 157.37 LOUISVILLE 937.31 683.77 253.5~ REIOSVILLE - 623.87 112.18 511.69 RtCN.OND " 12h*~9 93-17 31.32 V,Re,.IA " 1.090.~ .C:~}']L~~ ~0~.67 TOTAL OTHER BRANCHES E,1~.~6 2,8~1.~7 . 1 .~r~±~ TOTAL 19'~1 8~279.56 h,62%91 ~.6'}~,65 (CONTINUED) CREDIT BALANCE DECEMBER ~1~ 19~1 231 RI-F(01 025S619
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{ i ! " , -I t 20L63- UNCLA |HED WAGES PAYABU[ DECEHBER 31 , 1951 PAGE 2 YEAR RECOROE__DO ~RAHCNES 1950 CIQ~R 8RANCHES= ASHLEY CHARLESTON KENTUCKY PHILADELPHIA SCRANTON ~ILKES-BARRE TOTAL CIGAR BRANCHES QTHER BRANCHES: DURHAH LOUISVILLE REIDSVILLE RICHHOHG VIRGINIA TOTAL OTHER BRANCHES TOTAL 1950 19~9 £1GAR pRAN£HES: ASHLEY CHARLESTON KENTUCKY PHILADELPHIA SCRANTON WILKES°BARRE TOTAL CIGAR BRANCHES OTHER BRANCHES~ DURHAM LOUISVILLE RICHHOND VIRGINIA TOTAL BTHER BRANCHES TOTAL 1949 ~I,GAR BRANCHES: CHARLESTON KENTUCKY PHILADELPHIA SCRANTON ~ILKES-BARRE TOTAL CIGAR BRANCHES OTH[R ~RANCHES: DURHAM LOUISVILLE REIDSVILLE CREDIT BALANCE . 1~1 , CREDIT BALANCE J*~UARY I. 1%1 ~ PAYHEHTS DC¢CHeEm ~1, 1~I 113.61 51.53 62.o8 3~.o8 117.58 2h7.5o 7ol.55 1~1.6o 559.95 372.62 6.66 365.96 86.39 .~.51 35.88 1~.~ - 17.15 . 126.19 1,782.59 ~ - ~ __ ~85.o~ 1,~97.56 lC~.2ZJ 55.86 53.38 357.~ - 153.h9 2Oh.h5 99.72 29.50 70.22 ~8.51 h8.51 129.7h - . ~32.C~ 97t06 _ 7~t5.15 _ ° 320.Oh b,25,11 . 2,527.7~ 705.07 1,822.67 ~7.78 - - 27.78 h97.67 - hl.O7 ~56.0o 51~.9~ - 5.17 509.77 686.96 - ~889 6~,.o7 6.oa - - 6.o2 _ _187,o~ - - 18T,9~ 1,92o,hi ~ : 9'5.1~ 1,825.28 70.62 - 70.62 328.82 - 325.82 21.01 21.01 ,, 179.00 2,11 .176,89 __ 599.h5 .... 2,11. 597,3h 2,519.~; ~7,2~ 2,ha2,6z 693.65 ~2.8o 53o.17 123.30 _ I ~9.~9 2,129.31 ~3.33 293.57 1.20 (COHTINUEO) 6.71 686.9~ 22~.23 618.57 5.1 o 525.o7 123.3o 1~.37 36.oh 2,093.27 ~3.33 - 293.57 1.20 RI- ;fro 102 ~6 2 0
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t 20L63- UNCLAIHEO WAC~S PAYABLE OECEV~:R 31, 1951 YEAR 19~8 19~7 19~6 BRANCHES OJHER BRA,CHES: (COHTIHUEO) R | CHMOND VIRGINIA TOTAL OTHER BRANCHES TOTAL 19~8 C leAR BRAHEpZS: CHARLESTON KENTUCKY PHILADELPHIA SCRANTON WILKES-bARRE TOTAL CIGAR BRANCHES ~THER BRANCHES: DURHAN LOUISVILLE R[IOSVlLL¢ RICHHOHD VIRGIhlA TOTAL OTHER BRANCHES TOTAL 19~7 C!GAR BRANCHES= CHARLESTON KENTUCKY PHILADELPHIA SCRANTON WlLKESoBARRE TOTAL CIGAR BRANCHES ~Q'rHER BRANCHES: OURHAH LOUISVILLE REIOSVILLE RICHMOND VIRGINIA TOTAL OTHER BRANCHES TOTAL 19~6 CREDIT BALANCE )ANUARY 1. 19~I _ 19'~I • CR[OIT BALANCE 1~.21 = _~8-~ ,., " ~.0C~.05 . 198.21 _ _ ~, ~_'~ 87z0.7~, 2,96~.01 558.72 395.99 11.71 9ol .o3 ~.h~ 229.55 __ 2.181.7~ , . 11.71 558.72 9oI .o3 96.h~ 229.55 ~,17o.o? 26~.39 306.55 122.62 8~.o7 I, ~,OE..01 2_ .082.~ . . 26~.39 306.55 122.62 ~.o7 1,:~0~,.O1 ~.T! _._ ~.2~2,~ 3,60~o83 ~.~7 737.37 1 96.O1 1 30.~# 5,'~%.77 1o.73 10,7t 3,6o~.83 737 • 37 196.ol _ , ~,1~.~ 302.90 7~.t6 1~.77 '~4%o7 _ 1,65%91 7.~21 ,~. - 10.7~ 302.~0 7~.~6 ~85.77 I~9.o7 ~,65~.~ _ 7,5~o.~_ (CONTINUED) f:] 1" ~ O "1 02 ~ 2 1
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20L63- UNCLAI/4EO WAGES PAYABLE DEcrMBCR 31, 1951 PAGE 4 YEAR 19~5 CHARLESTON 1,263.~ Ki:NTUCKY 195.19 PHILADELPHIA ~2.27 SCRANTON _ 78.96 TOTAL CIGAR BRANCHES 2,~89.81 _ -- OTH[R BRANCHES: DURHAM LOUISVILLE REIOSVILLE R ! CHMONO VIRGINIA TOTAL OTHER BRANCHES _ 2.~1~.7~ TOTAL 19~~ 194~ CIGAR ~mA~CNES: CHARLESTON ~.20 KENTUCKY 121.31 PHILADELPHIA 473.69 SCRANTON ., 115.~ TOTAL CIGAR BRANCHES =~.~'8.55 DURHA. 127.72 LOUISVILLE 10.49 REIDSVlLLE 427.65 RICHMOND 10~.(~ VIRGINIA 1,0~.~ TOTAL OTHER BRANCHES 1 ,~<).h2 SALCS.EN (CREDITED TO TH:S ACCOUNT IN 19~8] ~49.25 .... - TOTAL 19~h 3.608.22 19~3 CIGAR BRANCHES m.m.....m.~: CHARLESTON 1,O~5.33 ~JENTUCKY L:)0~.13 P"'LAOELPH:A 763.5o SCRANTON 143,91 TREHTON _118.'~2 TOTAL CIGAR BRANCHES 2.27"[.19 CREDIT BRLANCE ..... '1(:~1 _ _ CREDIT BALANCE JANUARY 13 19¢jl CREDITS PAYMENTS DECEMBER ~1_, 19~1 6~.37 1,1 ~).@ '195.19 - - 852.27 - ; _ 78.~6 _- _ ~.~;7 .... 2,~.4b, 58/.37 57.69 369.~t 125.76 1,3~8.5o _ - __~.878.5~ ...... - l 587.37 57.69 369. ~,1 12%76 - 1 ,~8.5o 1 1 " ...... ~ ' ~ ~ " ? ~ 868.20 ~.~5 ~9.86 h73.69 - _ 11~.~5 -- I I I ~ 1 -- ~ 1 ,~;5 ___ _ 1:577_,10 127.72 ]o.~9 ~27,65 ~o8.9~ - .1,o~5.33. - 2o6.13 - 763.50 ~ ~!8.~? - 2,277,19 (CO~NTtNUEO) RI-~0 "l 234 02 ~ ~ -'.2
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2OL63- UNCLAIHEO WAGES PAYABLE o£crHsER 31, 1951 PAGE 5 YEAR 19~3 19~2 ~THER BRANCHES= DURHAH LOUISVILLE REIDSVILLE RICHHOND VIRGINIA TOTAL OTHER BRANCHES TOTAL 19~3 CIGAR 8RANC.ES: CHARLESTON PHILADELPHIA TqENTON TOTAL CIGAR BRANCHES OTHER BRANCHES= DURHAN LOUISVILLE REIOSVILLE RICHNONO VIRGINIA TOTAL OTHER BRANCHES TOTAL 19~2 PRIOR TO 191t2 GRAND TOTAL CREDIT BALANCE JANUARY It I%1 I~I .... CNEOIT BALANCE CREOI~T PA~NTS OECENOZ~ ~1, 1951 128.15 3.56 103.26 io~.26 I~io8.68 ~.~3,L87 827.9~ 38~.6~ 292.80 13.79 .82 .3~ h0.95 _ 277.98 ~7.92 1,8~,30_ - 128.15 - 3.56 - 1o3.26 - Io~.26 - 1j108,68 - % 38,L87 - 827.9~ - 38~.6~ - - _ ~92.~ - 1,505. ~8 - 13.79 h.82 - .38 - ~o.95 - _ nT.~ - ~"~7,92 ~.55~;.5~ 8,282.09 1.8~0 ~;.28o_.57 RI- ~O 1 02 ~':~6 2 3
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i :~OL65- ACCOUNT PAYABLE TO BRITISH AJ~RICAN T(~ACCO COMPANY, LIMITED FOR EXPORT SH IPPING ARRANGEI~I~NTS O~CEMBER 31, 1951 THE CREDIT BALANCe Or THIS ACCOUNT REPR£SENTS AMOUNTS DUE TO BRITISH AMERICAN TOBACCO COHPANYo LIMITED AND PAYABLE TO BRO~/N~ WILLIAMSON TOBACCO CORPORATION fOR OUR LIABILITY UNDtR EXPORT SHIPPING ARRANGEMENTS IN RESPECT TO LUCKY STRII~E CIGARETTES SNIPPED AS SEA STORES. THIS ACCOUNT RECORDS: 1 -- CREDITS FORE A- MONTHLY CHARGES TO ACCOUNT NO. "618ol- SCHEHES - PROMOTION Or OIBTR|BIrlrlON CIGAReTTeS, SMOKING, ETC." FOR LIABILITY TO BRITISH AMERICAN TOBACCO COMPANY FOR LUCKY STR|~ CIGARETTES SNIPPED AS SEA STORESe THE BASIS IS~OF'NET PROFIT WHICH I$ REDUCED BY ~o03 PeR THOUSAND CIGARETTES IN ACCORDANCE WITH LETTER or MR. re e. REUT£R, DATED JUNE 17, 193T AND EFFECTIVE JULY 1, 1937. 2 - DEBITS FOR: A- PERIODICAL PAYMENTS TO BROWN ~ VILLIAM$ON TOBACCO CORPORATION FOR THE ACCOUNT or BRITISH AMERICAN TOBACCO COMPANY. LIMITED COVERING LIABILITY UNDER lAW ABOVE, ABUt, B4ARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: CREDIT BALANCE. JANUARY 1, 1~1 AMOUNT CREDITED DURING 1~1 TOTAL AMOUNT OF PAYMENT DURING 19~1 CREDIT BALANCCp DECEMBER 31, 1~1 ANOUNT 2~8,~8o.2o 759,2~.5~ RT:~O1
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-i 2OLEO- ACCOUNTS PAYABLE FOR SCRIP AND INTEREST ON SCRIP, STOCK CERTIFICATES AND SEVEN PER CENT (7~) GOLD NOTES DCCD4BER 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE UNPAID BALANCE OH COMHON STOCK SCRIP DATED SEPTEMBER !, 1951, AND THE INTEREST PAYABLE THEREON; ALSO INTEREST ON COMHO~ AND EO~RMON HBN STOCK CERTIFICATES DUE MARCH I, 1923, AND SEVEN PER CENT (~} GOLD NOTES. THIS ACCOUIOT IS OFFSET BY ACCOUNT NO. "20L73- CASH ON DEPOSIT WITH GUARANTY TRUST COMPANY Or NEW YORK FOR PAYMENT OF SCRIP AND INTEREST ON SCRIP, STOCK CERT IF ICATE$ AND ~ GOLD NOTES.H THIS ACCOUNT RECORDSZ 1 * DEBITS FOR PAYMEHTS MADE BY GUARANTY TRUST COMPANY OF NeW YORK WTIICH ARE CREDITED TO ACCOUNT NO. 129L73- CASH OH DEPOSIT VITH GUARANTY TRUST COHPANY Or NEW YORK FOR PAYMENT OF SCRIP AND INTEREST O~ SCRIPp STOCK CERTIPICATES AND ~ GOLD NOTES.H THE CREDIT BALANCe AT DECCHOER 31, 1~1 IS COMPOS£O Or THE FOLLOWING: ACCOUNTS PAYABLE FOR; COMHON STOCK SCRIP - SEPTEHB~R 1, 1915 INTEREST PAYABLe OH SEPTEMBER 1, 1915 COMMON STOCK SCRIP INTEREST PAYABLE ON SEVEN PER CENT (~) GOLD NOTES INTEREST PAYABLE ON C OMMOH AND COM)4ON I~l STOCK CERTIFICATES DUE HARCH 1, 1923 TOTAL 600.00 18.00 ~55.oo {~l'~O 1
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/ t 2OL73- CASH ON DEPG~IT WITH GUARANTY TRUST COHPANY OF hEW YORK FOR PAYHENT OF SCRIP AND INTEREST ON SCRIP, STOCK CERTIFICATES AND 7~ GOLD NOTES DECEHBr_R 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS CASH ON DEPOSIT ~ITH GUARANTY TRUST COMPANY OF NEW YORK FOR THE PAYHENT OF COHHON STOCK SCRIP DAT£O SEPTENB[R 1p 1915, AND THE INTEREST PAYABLE THEREON; ALSO INTEREST OH COH~4ON AND COMMON "~ STOCK CERTIFICATES DUE MARCH 1, 19~3, AND SEVEN PER CENT (~) GOLD NOTES, THIS ACCOUNT OFFSETS ACCOUNT No, W2OL~O- ACCOUNTS "PAYABLE FOR SCRIP AND INTEREST ON SCRIP, STOCK CERTIFICATES AND ~ GOLD NOTESe THIS ACCOUNT RECORDS: 1 - CREDITS ~OR DEBITS TO ACCOUNT NO. e2OLTO- ACCOUNTS pAYABLE FOR SCRIP AND INTEREST ON SCRIP~ STOCK CERTIFICATES AND 7~ GOLD NOTESN REPRESENTING PAYMENTS HADE BY GUARANTY TRUST COHPANY OF NEW YORKe THE DEBIT BALANCE AT D[CEHBER 31, 1951 IS COHPosED OF THE FOLLOWING: CASH ON DEPOSIT FOR PAYMENT OF: Co.oN STOCK SCRIP - S[PTEHeER 1, 1915 INTEREST PAYABLE SEPT[NDER 11 19150~ CO~ON STOCK SCRIP INTEREST PAYABLE ON SEVEN PER CENT (~} QOLD NOTES INTEREST PAYABLE ON CO H NON AND C OMNON ~l STOCK CERTIFICATES DUE MARCH 1, 1923 TOTAL 600.00 18.OO h55.oo AT;~01 0255626
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2oL75- OLD OUTSTANDING CHECKS PAYABLE DCCCM~R 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF ALL OUTSTANDING DIVIDEND CHEC KS DRAWl4 PRIOR TO THE END OF THE PRECEDING YEAR AND ALL OTHER OUTSTANDING CHECKS DRAGON BET~ilEEN JANUARY 1p 19hl AND THE END OF THE PRECEDING YEAR. PRIOR TO 1~8 THE BALANCE REPRESENTED THE AJI4OUNT Off ALL OUTSTANDING CHEC KS DRAWN WITHIN SIX yEARS OF THE END OF THE PRECEDING YEAR. OLDER ANOUNTS BEING CREDITED EACH YEAR TO ACCOUNT NO. H(~0-- SUNDRY UNCLAINED PAYABLE ACCOUNTS," THIS PRACTICE WAS DISCONTINUED IN 1~8, AT DECEHBER 31, 19¢)O THE A#404JNT OF DIVIDEND CHECKS SO CREDITED PRIOR TO 1~8. AND STILL OUTSTANDING. VAS RESTORED TO THIS ACCOUNT BY A DEBIT TO ACCOUNT NO. l~O- SUNDRY UNCLAIN[O PAYABLE ACCOUNTS." PENDING DETERHINA- TION OF OUR LIABILITY UNDER THE NEW JERSEY STAT£ ESCHEAT LAWS. THIS ACCOUNT RECORDS: I -- CREDITS FOR: A- DEBITS AT END OF yEAR TO ACCOUNT NO. "10A10- CASH IN BANKS" AND VARIOUS BRANCH¢S COVERING THE AMOUNT OF OUTSTANDING ¢HE¢ KS AT DECENBER 31w WHICH ~R[ ORAVN IN THE PRECEDING YEARe B- D[BITS TO ACCOUNT NO. U(~K)- SUNDRY UNCLAIN[O PAYABLE ACCOUNTSm TO TRANSFER THE AHOUNT OF PA~HENT$ MADE DURING THE CURRENT YEAR ON CHEC KS OTHER THAN DIVIDEND CHECKS. DRAWN PRIOR TO 1~1. PAYt4ENTS OF SUCH CHECKS ARE RECORDED IN ACCOUNT No, 2OLT5 fOR .ENO~AN~UN PURPOSES. 2 - DEBITS FOR: A- PAYMENTS BY O~ BANKS OF ALL OIJTSTANOING CHECKS PREVIOUSLY CREDITED TO THIS ACCOUNTe B- VOUCHER RECORD CHARGES FOR CHECKS ISSUED TO REPLACE OLD OUTSTANDING CHECKSI PREVIOUSLY CREDITED TO TN IS ACCOUNT, ON WHICH PA~ENT HAS BEEN STOPPEOe A SUNNARY ANALYSIS Or TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: CREDIT BALANCE JANUARY 1, 19~I CREOITS OURING 1951= /tJ4OUHT OF CHECKS DRAWN IN 1~0 STILL OCFrSTANDINO AT OECE~ER 31, 19~1 ~IOUNT OF CHECKS DRAW IN 1951 ON THE'CHENICAL BANK AND TRUST COI4PANY -- COUNTCR DISPLAY ACCOUNT STILL OUTSTANDING ~#HEN THE ACCOUNT WAS CLOSED ON DECENetR 18, 1951 PAYll4~NTS OF CHEC KS DRAWN PRIOR TO 1~1 CREDITED TO THE ACCOUNT POR RECORD PURPOSES ADJUS~NICNT OF THE ANOUNTS CREDITED TO THIS ACCOUNT IN 1~O IN RESTORING UNCLAINEO OI¥1DEND CNECILR PREVIOUSLY TAKEN INTO INCOME TOTAL CREDITS 5,~T2.5h 1201933.99 126.o56. TT (CO,.TmUEO)
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2OL'rS- OLD OUTSTANDING CHECKS PAYABLE DECEMBER 31, 1951 DCeITS DURING I~51 : PA~ENTS Or OLD OUTSTANDING CHICKS BY OUR BANKS PAYMtNTS THROUGH TH[ VOUCH[R R[GI$T[R TO R[PLA¢C OLD CH(CKS LOST OR R[TURN[O TO US UNCANC[LL[D TOTAL D[81TS CR[OIT 8ALANC[ DCCCNS[n 31 , 1951 A D[TAILEO 8CH[DUL( SHC%/ING BALANC[ OF OUTSTANDING CHICKS BY Y[ARS IN WHICH DRAWN FOLLOWS= Y[AR DI~IO[ND OTHtR C~.5o P~.5o 1893 1,365.00 1,365.oo 189~ 235.00 235.oo 1896 22.00 22.00 1897 .751.5o 751.5o 1898 I °038.00 1,038.00 1899 1,28o.oo 1,28o.oo 19oo 196.~ 196.5o 1901 777.00 777.00 19O2 87.~ 87.50 19o~ 1,~,8.00 1,~8.oo 19o5 37.50 37.50 19o6 ~69.50 ~69.5o 19o7 19o.00 19o.oo 1908 330.00 330.00 19o9 ~57.50 ~57.~ 191o 132.~ 132.5o 1911 1,165,00 1 ,i 65.00 1912 522.00 522.0o 1913 1~.5o 195.5o 191h ~76.00 h76.oo 1915 1,157.oo 1,157.oo 1916 965.00 965.00 1917 181.~ 181.50 1918 235.50 235.50 1919 3,001.5o 3,001.5o 1920 ~,179.oo ~,179.oo 1921 12,9~2.00 12.9~2.OO 1922 1,038.0o 1 ,o:~.oo 1923 1.015.50 1.015.50 192h I,~69.50 I,h69.50 1925 1,276.50 1,276.50 1926 937.50 937.50 1927 810.50 810.5° 1928 1,992.50 1,992.50 1929 1,795.00 1.795.oo 1930 1.578.50 1,578.50 1931 1.292.75 1.292.75 1932 %519.5o 4,519.50 1933 2,~25.~7 2,h25.~7 193~ 1,2~0.20 1,2~0.20 1935 1,868.75 1,868.75 (CO"TINU¢O) RI'X01
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J 2OL75- OLD OUTSTANDING CHECKS PAYABLE C~CEHBCR 31 , 1951 PAG[ YEAR DIVIDEND OTHER DRAWN CHECKS CHECK,.____~8 TOTA.,.~.~L 1936 1,~58.3~ 1,k58.3~ 1937 2,066.37 2,066.37 1938 Io632.99 1.632.99 1939 7,427.ho 7o427.~o 1940 lO,033.00 10,o33.00 1941 6,051.07 412.32 6,463.39 1942 ~,850.99 446.1~ 5,297.13 19~3 I,274.82 175.h3 1,45o.25 19~ 1,311.89 ~71.76 1,783.65 19~5 I,OT4.87 556.29 1,631.16 19h6 3,961.87 356.20 4,318.o7 19~7 1,o63.3o 265.68 1,328.98 19~8 4,~.T.24 366.22 5,253.46 1949 2,664.85 366.77 3,031.62 195o ho673.3o 799.24 5.k72.5~ 94~ f~1"HO I 0255629
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i j ,20LTS- UNCLAIHED CREDITS PAYABLE ~CEH~R 31, 1951 THE CREDIT BALANCE Or THIS ACCOUNT REPR[SENTS CASH RECEIVED FROH UNKNOWN SOURCES AND CHECKS DRAWN BY THE COMPANY WHICH WERE RETURNED BECAUSE PAYEE VAS UNKNO~/H OR COULD NOT BE LOCATED, PRIOR TO 19~8 ITEHS IN THIS ACCOUNT VERE TRANSFERRED TO ACCOUNT NO, H(~)O- SUNDRY UNCLAIMED PAYABLE ACCOUNTSn AFTER S |X YEARSe TH IS PRACTICE WAS DISCONTINUED: AND IN 1~¢~0 THE AMOUNT/Or UNCLAINED D IVIOENDS $O TRANS- F¢RREO PRIOR TO 19~8 VKS RESTORED TO THIS ACCOUNT PENDING DETERMINATION OF THE COMPANyIs LIABILITY UNDER NEW JERSEY STATE ESCHEAT LAWS. .7 THIS ACCOUNT RECORDS: 1 - CR[DITS FOR| A- CASH RECEIVED FRON UNKNOWN SOURCES AND CHECKS DRAWN BY US RETURNED S[CAUSE PAYEE WAS UNKNOWN OR COULD NOT BE LOCAYEOG THE OFFSETTING DEBIT IS TO ACCOUNT NO. WlOA10- CASH IN BANKS.I B" PAYMENT, RECEIVED IN 19~8 rRON GUARANTY TRUST CCR4pANY OF NEW YORK REPR£SENTING CHECKS FOR INTEREST ON DIVIDEND CERTIFICATES~ DRAWN IN THE PERIOD FROH SEPTEt41~ER 1. 1916 TO SEPTEHBER 1, 1922 BY GUARANTY TRUST COMPANY; ~HICH VERE NOT PRESENTED FOR PAYHENT¢ C- DEBIT TO ACCOUNT NO. I(~0- SUNDRy UNCLAINEO PAYABLE ACCOUNTSn AT DECENIBER 31~ 19~0 TO REVERSE AHOUNT OF UNCLAINEO DIVIO{NDS TAKEN INTO INCOME IN PRIOR YEARS WHICH HAY BE PAYABLE TO THE STAY[ OF NEV JERSEY UNDER THE ESCHEAT LAWa 2 - DEBITS FOR: A" PAYNENTS HAOE ON CREDITS ISSUKO TO AUTHORIZED CLAIHANTS OF AHOUNT$ PR¢VIOUSLY CREDITED TO THIS ACCOUHTw A SUNNARY ANALYSIS OF TRANSACTIONS FOR THE YEAR I~¢)~ FOLLOWS: CREDIT BALANCE, JANUARY 1 i I~I CREDITS DURING 1~1 UNCLAINCD AND UNDELIV¢RABL¢ DIVIDEND CHECKS DEBITS DURING 1951: TRANSFER TO ACCOUNT NO, "20L26- AMOUNTS PAYABLE TO FOREIGN STOCKHOLDERS - WITHHELD UNO£R UNITED STATES TREASURY DEPARTNENT REGULATIO4NS~ FOR DIVIDENDS HELD FROM JUNE 1~9 THROUQH D¢CCNBER I~0 FOR THE ACCOUNT OF STOCKMOLOER~ CMEN LUNG TANGj A NATIONAL OF CHINAo (CO~lNUt6) UNCLAIHED DIVIDENDS OTHEm~R TOTAl. 71~.~5 13,1~.12 1 3,9t 2.57 1!8.oo , _ 118,oo 83a.~5 13.198.12 1~,o3o.57 ~.7~., . ~.75 .. ?&~,.?o 1~.198.1~L 139986182 r::}T ;KO 1 ,r-} 0255630
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r J-. ~OL78- UNCLAIHED CREDITS PAYABLE DECEMBER 31, 1 ~1 PAGE 2 CREDIT BALANCE, D£CEH15ER 31, 1951 APPLICABLE TO THE fOLLOWING YEARS: UNCLAIHED DIVIDENDS OTHZ__.,~m 1918-~922 350.19 (A) 350.19 19~1 11.5o 11.5o 19~3 6.50 1 ,~02.27 t,1~8.77 19~h 6.50 2,722.92 2,729.~2 19~5 6.50 1,79~.93 1.8o1.~3 19~6 84.5o 2,198.23 2,282.73 19~7 107.9,3 2,765.09 2.873.0~ 19~8 5~.7~ ~76.52 531.27 19~9 268.00 12.56 280.56 1950 118.oo 7.42 125.h2 1951 118,00 - !,18,,O0 (A) PAYMENT qECEIYEO FNOH GUARANTY TRUST CONPANY OF N¢V YORK IN 19~8 for UNCLAINEO AND OUTSTANDING CHECKS REPRESENTING INTEREST ON OIV|DEND CERTIFICATESe THESE CHECKS WERE DRA~/N DRUING THE PERIOD SEPT{NBER 1w 1 ~1~ TO SEPTEHBER 1, 1~22, DETAILS AS TO PAYEES ARE MAINTAINED IN THE GEN[RAL ACCOUNTING DEPARTMENT. A OETAIL[D SCHEDULE OF UNCLAIMED AND UNDELIVERED DIYIDENDS BY YEARS FOLLOWS| 1941 1942 19h3 194~ 19~5 ~9~6 ~9~7 PAYABLE TO AHOUNT JOHN MONROE AND CONPANY 11,~O JOHN MONROE AND CONPANY ~.~O JOHN MONROE AND COMPANY ~.~O JOHN MONROE AND CO~4PANy6e~O JOHN MONROE ANO COMPANY 6,~0 JOHN MONROE ANO CO~ANY 6.~C PERCIVAL B. L~[NT T2,00 RICHARD B. EVANS ~.OO JOHN MONROE AND COt4PANY?,00 NORHAN K, WHITENKR ~0,00 RICHARD B. EVANS ~,00 PERCIVAL Bo LENT 21.00 DIVIDEND CHECK SENT TO GtORG( H. BRANDT IN £RRONw HELD PENDING C~AIN O~ PROP£R OVNCN 11.2~ PROCEEDS FRON SALE OF UNCLAINEO OR UN- DELIVERABLE STO~K RIGHTS Or: PERCIVAL B. LENT ~,86 JOHN NONROE AND COMPANY 1.~ NORNAN K. VHITCHER ~,~9 (C o~x I .uco ) FIT ;KO I
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t i, • 20L78- UNCLAIMED CREDITS PAYABLE DECEFtB[R 31, 1951 PAGI[ 3 yrA~ 19~8 19~9 1950 1951 PAYABLI[ TO JOHN MONROi[ AND COHPANY NORMAN K. WHITCHI[H RICHARD B. [VANS PERCIVAL B. LrNT ROI,(AULO HRDL ICKA NORNAH K. ~HITCHfR JOHN MC~4¢RO, I[ AND COf'(PANY RICHARD B. [VANS PERCIVAL Be L¢NT RICHARD ~. [VANS R Ot4A ULO HROL ICKA JOHN ~ONROI[ AND COMPANY NORNAN K. WHITCHER RICHARD Be [VANS RO~HAULD HRDL ICKA JOHN NONRO(~ AND COMPANY NORI4AH K. WHITCHER AMOUNT T.So 18.75 6.00 22,5o 210.00 20,00 8.00 6.00 2~.00 6.00 84.00 8.00 20.00 6.00 8~.00 8.00 2,44 RI'~O'I 0255632
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(- ":-i -i 2OLEO- ACCRUED CIfiAR V, ACHIN[ ROYALTY pAyABIr DECEMBER ,31, 1951 THE CREDIT BALANCE Or THIS ACCOUNT REPRESENTS A LIABILITY FOR ROYALTIES PAYABLE TO iNTERNATIONAL CIGAR MACHIHERY COMPANY fOR CIGARS MANUFACTURED AND pA~K[O AT ASHLEYm CNARLCSTONI KENTUCKV~ PHILAD£LPHIA~ SCRANTON AND WILKES-BARRE BRANCHESe FOR PRESH WORK CIGAR MACHINES MONTHLY ROYALTIES ARE BASED ON A MINIMUM Or ~25 TIMES THE NUMBER OF HACHINES ON HAND FOR THE GREATER pART OF THE MONTH OR ~leO0 PER ltO(~) LARGE CIGARS PRODUCED ON fRESH ~ORK CIGAR MACHIHES, WHICHEVER IS GR[ATERe FOR SOrT WORK MACHINE MONTHLY ROYALTIES ARE BASED ON A FLAT ANNUAL RENTAL or ~0 PER ACTIVE NACHINEj CO~iMENCING ~0 DAYS AFTER INSTALLATION. R~YALTIES DO NOT ACCRUE ON FRESH WORK ~ACHINES W)tlLE ON STORAGE+ AS OF DECEMBER ~1, 1951 THERE '.~lCRE ~ FRESH WORK CI~AR MACHIHES AND 5~ SOrT WORK CIGAR MACHINES, AT THE FOLLOWING LOCATIONS: FRESH WOR~ CIGAR M~CHINES: ASHLEY, PENNSYLYANIA ~ CHARLESTON, SOUTH CAROLINA 16)4 ~OUISVILLE~ K[HTUCKY PHILAOELPHIAj PENNSYLVANIA 11~ SCRANTONe PENNSYLVANIA ~ WILKES-BARRE, ~NNSYLVANIA ~ SOrT WORK CIGAR IqJ~CMINES: CHARLESTON, SOUTH CAROLINA ~|ACHINES IN ACTIVE USE 536 56 NOTE: IN ADDITION TO THIS CREDIT BALANCE CARRIED ON THE BOOKS Or THE N£W YORK OrFICEj THE DRANCH BOOKS REFLECT THE AMOUHTS DUE ON THE CIGARS THAT HAVE BEEN MANUFACTURED BUT ARE STILL ON HAND UNPACKED, THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- CREDITS RECEIVED MONTHLY fROM OUR CHARLESTONp KENTUCKYm ~ILADELPHIA AND SCRANTON BRANCHES (IMCLUOIN~ ASHLEY AND WILKES-BARR£) COVERING ROYALTIES ON A BASIS Or ~].O0 PER THOUSAND FOR LARGE CIGARS AND FOR LITTLE CIGARSD ~20.~ PER MONTH FOR EACH HACHINE IN ACTIVE USE~ BASED ON AN ANNUAL RENTAL or $250.00 ~ER ~ACH~mE. B" DEBITS TO ACCOUNT NO. "711.2- UNDISTRIBUTED EXPENSE " CIGARSe TO ACCRUE ADDITIONAL PROVISION TO PRODUCE MINIMLP< ROYALTY %4~IEN AHOUNTS CREDITED TO ~W YORK OffiCE BY OPERATING CIGAR BRANCHES~ BASED ON ACTUAL QUAHT|TIES PACKEDt ARE LESS THAN THE CONTRACT MIMIMtJl4 rOE MACHINES ON HAND+ 2 - DEBITS FOR: A- VOUCN~ENTEREO IN OUR VOUCHER REGISTER COVERING MONTHLY PAYMENTS OF ROYALTIES TO INTERNATIONAL CIGAR MACHINERY COMPANY+ ~- CREDITS TO ACCOUNT NO. "711.2- UNDISTRIBUTED EXPENSE - CIGARS" OF AMOUNTS NOT IN EXCESS Or AMOUNTS PREVIOUSLY ACCRUED UNDER PARAGRAPH 1-B fOR EXCESS PROVISION CREDITED TO NEW YORK OFFICE BY OPERATING CIGAR BRANCHtS OVER THE CONTRACT MINIMUM FOR MACHINES ON HAND. A SUt4a4ARY ANALYSIS Or TRANSACTIONS FOR THE YEAR 19~I rOLLOWS: (COHTI.U~O)
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--. J i i -I 20L80- ACCRU[O C IGAR MACHINE ROYALTY PAYABLE 0CCEHBER 31. 1951 CRtOIT eALANC¢o JANUARY 1, 1~1 ACCRUAL FOR YEARS ASHLEY: LARGE CIGARS CHARLESTON: LARGE CIGARS SHALL CIGARS KENTUCKY: LARGE CIGARS PHILADELPHIA: LARGE CIGARS SCRANTON: LARGE CIGARS W I L~S-BARR[ : LARGE CIGARS 39,135,500 A7 $1.00 PeR THOUSANO 130.651.823 AT $1.00 PER T,OUSANO $a0.833 PER WOHT. PER .AC, I.E (56 (MACHINES {ro~ 12 (MONTHS ~0,~17,1~0 AT $1.0D RIR THOUSAND 86,933,939 AT $1OO pr~ ~,OUSANO 59,73~,975 AT $1.oo PER THOUSANO 82,132,125 AT $1.00 PER THOUSAND LEs~ PAYMENTS DURING Y¢AR CR[DIT 8ALANC[, DECCHBER 31, 1951 13o.031.82 ~O,h09.00 39,135.5o ~ ~.~.651.7z~ 9o,617.15 86,933.95 59.T3J~ .98 5~3,61~.45 PAG¢ 2
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2OL8"{- CONTINGENT LIABILITY ON NOTES GUARANTECD DCCE~[R 31; I ~I THE CREDIT BALANCE OF THIS ACCOUNT REPR£$ENTS IrTT[ AMOUNT GUARANTEED BY THE AMERICAN TOBACCO COHPANY TO THE GUARANTY TRUST COMPANY FOR THE PAYMENT Of" TH~ NOTES or VARIOUS OFFICERS AND EMPLOYEES OF AM[R|CAN C|GARETT( AND CIGAR CONPANYe THE NOTCS WERE ISSUED IN CONNECTION WITH THE SALE OF AMERICAN CIGARETTE AND CIGAR COMPANY COtqHON STOCK TO THESE INDIVIDUALS, THIS ACCOUNT RECORDS: 1 - CREDITS FOR DEBITS TO ACCOUNT NO. 12OL90- DESTORSILIAmlLITY ON NOTES GUARANTEEDw SETTING UP THE AMERICAN TOeACCO CO44RANYIS CONTINGENT LIABILITY ON THESE NOTES. 2 - DEBITS fOR CREDITS TO ACCOUNT NO. "2OLEO- D[BTORSILIABILITY ON NOTES GUARANTEEDI REDUCING THE AMERICAN TOBACCO COHPANYI$ CONTINGENT LIABILITY AS NOTES ARC PAID. THE CREDIT BALANCE AT DECEMBER 31j 1~1 IS ¢ONPOSED Or THE FOLLOWINO: CREDIT BALANCE NOTES PAID CREDIT BALANCE NOTES Issu[o BY JANUARY 1, lC)~1 ~ DE;[MIPCR ~1, 1951, A, GORDON FINOLAY 2~,~.00 2,~,00 20,000.00 CHARCCS GANSNOV ~ ~ - TOTAL ~ ~ f~ 1 ;~ 01
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. ./[ . 2OL~O- DEBTORS' LIABILITY ON NOTES GUARANTEED DECF..NBER 31, 1~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS A FULL OFFSET TO ACCOUNT NO, "20L~- CONTINGENT LIABILITY ON NOTES GUARANTEEDem THIS ACCOUNT RECORDS: 1 - DEBITS FOR CREDITS TO ACCOUNT Noe mL:)OL~/- CONTINGENT LIABILITY ON NOTES GUARANTE[Dj~ SETTING UP THE INDIVIDUAL DEBTORI$ LIABIL|TYe 2 - CREDITS rOR DEEIT$ TO ACCOUNT Noe m~OL~- CONTINGENT LIABILITY OH NOTES eUARANTEED," FOR REDUCTION OF INDIVIDUAL DEBTORIS LIABILITY AS NOTES ARE PAIDe DEel= BALANCE AT DECC.eER 31, 1951 IS 20,000.00. CONTINGENT LIABILITY ON NOTES GUARANTEED*m FOR DETAILS lEE ANALYSIS OF ACCOUNT NO. "2OL87-
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] 2OL92- CONTINGENT LIABILITY UNOER gETTERS OF CREDIT DECEHBCR 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE ANOUNT OF OUR CONTINGENT LIABILITY UNDER COI4HERCIAL LETTERS OF CREDITs THIS BALANCE 18 OFFSET IN FULL BY THE DEBIT BALANCC OF ACCOUNT NO, "2OL9~- LETTERS OF CRED|T,I THIS ACCOUNT RECORDS: | - CREDITS FOR DEBITS TO ACCOUNT NO, m2OL~F~- LETTERS or CREDIT" FOR THE ANOUNT OF OUR CONTINGENT LIABILITY UNDER LETTERS OF CREDIT WITH THE NATIONAL CITY BANK OF NEW YORK FOR THE PAYMENT OF RETIREMENT BENEFITS TO FORNEB EMPLOYEES OF /~HERICAN SUPPLIERSj iNCORPORATED, RESIOING IN PUERTO RICO. 2 - DEBITS FOR NONTHLY CREO|TS THROUGH THE VOUCHER REGISTER TO ACCOUNT NO. uL>OLg~- LETTERS OF CREDITm TO RECORD CHARGES FROM THE NATIONAL CITY BANK OF NEW YORK rO~ PAY)4ENT$ MADE BY TNEH TO RETIRED [NPLOYEES. A SUt4IdARY OF TRANSACTIONS FOR THE YEAR FOLLO~t$= AMOUNT OF PAYASLE TO L':T~ERS 9r C~O,T HISS LUISA HUNOZ 1,10~,~ 1 ,IO~.~N~ I~. Jose [. MUNOZ ~ THERE ",#AS NO BALANCE IN THIS ACCOUNT AT BCCENBEK 31w 1~1. R T :<0 1 ~49 _÷~, 025563F
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2OL9~- LETTERS OF CREDIT occr:.~mEe 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF COMMERCIAL LETTERS OF CREDITe THIS BALANCE OFFSETS IN fULL THE CREDIT BALANCE IN ACCOUNT Hoe =20L92- CONTINGENT LIABILITY UNDER LETTERS OF CREDITeN THIS ACCOUNT RECORDSI 1 " DEBITS FOR CREDITS TO ACCOUNT NO. "20L~2- CONTINGENT LIABILITY UNDER LETTERS or CREDIT" TO OFFSET OUR CONTINGENT LIABILITY UNDER LETTERS OF CREDIT WITH THE NATIONAL CITY BANK OF NEW YORK FOR THE PAYMENT OF RETIREMENT BENEFITS TO FORMER EMPLOYEES OF AMERICAN SUPPLIERSo |HCORPORATEDp RESIDING IN PUERTO RICO, 2 -CREDITS FOR MONTHLY DEBITS THROUGH THE VOUCHER REGISTER TO ACCOUNT NO. t20L92- CONTINGENT LIABILITY UNDER LETTERS OF CREDITfl TO RECORD CHARGES FROM THE NATIONAL CiTY BANK OF NEW YORK FOR PAYMENTS MADE BY THEM TO RETIRED EMPLOYEES. THERE WAS NO BALANCE IN THIS ACCOUNT AT DECEMBER 31o 19~1* ~OR DETAILS OF TRANSACTIONS FOR THE YEAR SEE ANALYSIS OF ACCOUNT NO, "2OL~2- CONTINGENT LIABILITY UNDER LETTERS OF CRLDITIa r~T~01
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.i 2OL96- GROUP LIFE INSURANCE PREHIUHS PAYABLE 0(C(HB(R 31, 1951 THIS ACCOUNT RECORDS GROUP LIE'( INSURANCE PR|NIUH$ PAYABLE TO THE MCTROPOLITAN Lir( INSURANCE COHPANY UNDER THE PLAN ADOPTED BY THE COHPANY ON OCTOBER 1, 19)~6. THIS PLAN COVERS ALL REGULAR PULL TIME EMPLOYI'I[S Or THE AN1ERICAH TOBACCO CONPANYe /~TERICAN CIGARETTE AND CIGAR CO44PANYw AMERICAN SUPPLIERS~ INCORPORATEOm GOLDEN BELT MANUFACTURING COHPANYp HENRY CLAY AND BOOK Jb COt4PANYp LIMITEDa (EMPLOYEES IN THE UNITED STATES ONLY)e THE HATH(WAY-~TEANE CORPORATION AND EMPLOYEES RETIRED IrRoN ACTIVE SERVICE AFTER OCTOBER 11 19~. HONTHLY PREMIUM RATES PER ~11000 OF COVERAOEI PAYABLE TO THE METROPOLITAN LIFE INSURANCE COMPANY FOLLOWS| FOR THE POLICY YEAR ENDING SEPTO4SER 30, 1951 - $,T6 FOR THE POLICY YEAR ENDING SEpTEI48ER 30, 1~2 - $°67 THIS ACCOUNT RECORDS| 1 " CREDITS FOR: A~ CREDITS FRO04 BRANCHES, LEAF DEPARTMENTS p ~ERICAN SUPPLI[RS, |MCORPORAT¢O FOR AMOUNT ABSORBED IN COST0 APPLICABLE TO EMPLOYEES PAID LOCALLY, BASED UPON CURRENT PREMIUM LESS A'PROPORTIONATE AMOUNT OF PRIOR YEARIS DIVIDENDe B" CREDITS FROM GOLDEN BELT ~AHUFACTUNINO COt4PANV FOR PREM|UN PAYABLE FOR COVERAGE ON EMPLOYEES OF THAT COMPANYo C- DEBITS TO BRANCHES AND LEAF DEPARTMENTS rOb COVERAGE 0#4 ENPLOY(ES PAiD BY 1HE N£V YORK OFFICE PAY ROLL DEPARTMENT. D- DEBITS TO ACCOUNT Noso M~OA~O- AI4£RICAH CIGARETTE AND CIGAR COMPANYU AND w~O~- HENRY CLAY AND ~)DK • COMPANY, LIMITEDI rOB PREMIUMS PAYABLE FOR COVERAGE ON ENPLOYEES OF THESE CONPANICSe E- DEBITS TO ACCOUNT NO. W~OLS~- GROUP LIFE INSURANCE DIVIDENDI FOR PORTION OF PRIOR YEARIB DIVIDEND APPLICABLE TO COVERAGE ON EMPLOYEES AT BRANCHESI LEAF DEPARTMENTS AND AMEN|CAN SUPPLIERS, |NCO~PORATEDo 2 - DEBITS FOR MONTHLY PAYMENTS TO TMC ~ETROPOLITAN LIP( INSURANCE COMPANY BASED UPON RECAPITULATION OF FORMS G 2~ RECEIVED EACH MONTH PROS4 ALL BRANCHES, L¢AP O(PART- H[NTS, SU6SlDIARY COHPANI~S AND THE NEV YORK OFFICE PAY ROLL 0EPABTNENTo A SUNMAKy ANALYSIS OF TRANSACTIONS POR THE YEAR ~951 FOLLOWS: PREMIUMS FOR THE YEAR 1~1: JANUARY 1 TO SEPTEMBER 30 AT ~.~ P£R ~1,000 PER MONTH OCTOBER 1 TO DECEMBER 31 AT $.67 PER $1,000 PER MONTH TOTAL DEOUCTI 1~1 PAYMENTS TO THE HETROPOLITAH LIFE INSURANCE COMPANY BALANCE DECEI~qB£R 31, 19~i 383,33%06 ID..L%32g,.~, (CONTINUED) 25::1 025563~
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20L~- GROUP LIFE INSURANCE PREHILt4S PAYABLE DECEMBER 31, 1951 PA~r DETAILS OF PR[HIUNS BY ¢ONPANIES FOLLOWS| THE AHERICAN TOBACCO COHFANY AMERICAN SUPPLIERSp INCORPORATED THE HATHEWAY-$TEAN[ CORPORATION THE AH£RIGAN TOOACCO COt4PANY OF THE ON IENT, |NC, AMERICAN CIGARETTE AND CIGAR COMPANY HENRY CLAY AND 0OCK & CO44FANTt LIHITEO GOLDEN BELT MANUFACTURING COMPANY TOTAL PREMIUM DETAILS OF COMPUTATION BY THE METROPOLITAN Life |NBURANCE CO#4FANY OF pREH|t.R4 EARNED FOR THE PoLIcy yEAR END[O SEFTENBER 30, 1951 DEATH CLAIMS PAID DEATH CLAIMS PENOING DISABILITY CLAIMS APPROVED DISABILITY CLAIMS F[NOING CONVERSIONS UNREPORT¢O CLAI.S TOTAL CLAIMS " 53.6~ EXPENSES AND TAXES ~e~ CONT INGENCT RESERVES *~ APPLIEO AS REDUCTION REIERV( - .1T~ DIVIDEND [ARN[O - ~D.2~I~ TOTAL PRENIUN$ EARNED CALENOAR YEAR ~o~,692.16 49,97o.o5 5,oo8.75 1,531.1~ ~.I~.09 17,~1D.67 2oT ,ooo 11,000 90,000 13,000 ~,758 POLICY YEAR 1D/1/5o TO Zm8,T71.16 5t ,D1~.~5 5,123.15 z ,538.76 z= ,1D3.60 17,78a.56 270ok52 32,182 2,205 857 SEE ANALYSIS Or ACCOUNT NO. "~OL~6- GROUP Life INSURANCE DIVIDENDN FOR DETAILS OF DIVIDEND ~OR THE POLICY YEAR ENOEO SEFTENBER 3Dr 1951. RI"~O 1 2.~2 • ~. r=- ,- 0 ~. 5 :.',b,'l- 0
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/ 2OL9"{- GROUP ACCIDF"hn" AND HEALTH AM) HOSPITAL EXPENSE INSURANCE PREHIUHS PAYABLE DECEHB£R 31 + 1951 THE CREDIT BALANCE IN THIS ACCOUNT REPRESENTS THE ANOUNT DUE EQUITABLE LIFE ASSURANCE SOCIETY Or THE UNITED STATES rOR PRr.J.IIUNS COVERING SALESMEN or THE COMPANY AND JU4ERICAN CIGARETTE AND CIGAR COMPANY. ACCIDENT AND HEALTH PREMIUt4S ARE PAYABLE AT THE END OF EACH QUARTER BASED ON A RATE PER ~100 OF UNEMPLOYMENT INSURANCE TAXABLE PAY ROLL fOR SALESMEN COVERED BY THE PLAN, HOSPITAL [XPENBE PREMIUHS COVERING M[DICALp SURGICAL AND HOSPITAL SERVICES ARE PAYABLE MONTHLY BAS[O ON THE ACTUAL NUMBER OF COVERED $AL[BMEN EMPLOYED AT THE BEGINNING Or THE MONTH MULTIPLIED BY A RATE PER SALESMEN+ THE PLAN BECAME EffECTiVE OCTOBER 1, 19~1. THIS ACCOUNT RECORDS; 1 - CREDITS FOR DEBITS TO ACCOUNT NO, ~61 6.1 " SALESMENIB SALARY AND EXPENSE - CIGARETTES, SMOKING, £TC.," "616.2- SALESMENIS SALARy AND EXPENSE - CIGARS" AND m~A~0- J~4ERICAN CIGARETTE AND CII~AR COMPANY~ TO RECORD MONTHLY PROVISIONS. 2 - DEBITS rOR PAYMENTS TO THE [OUITABL£ LIr£ ASSURANCE SOCI£TY OF THE UNITED STATES+ A SUMMARY ANALYBIS OF TRANSACTIONS FOR THE Y£AR FOLLOWS: ACCIDENT HOSPITAL AND H~A~TH ~ TOTAL PROVISION 3,5ho.72 2,797.73 6,338.~5 PAYMENTS 2,797.'f~ 2.797.7~ CREDIT BALANCE, DECEMBER 31, 1951 • ~.5~.7;' % ~o.7.____~a DETAILS Or CHARGES FOR AMOUNTS PROVID£O: 616.1 - SAL£SHENIS SALARY AND EXPENS£ - C IGARETT[$, SMOKINGw ETC* 61 6,2-- SALESMENIS SALARY AND EXPENSE -- CIGARS ~OA~O- AMERICAN CIGARETTE AND CIGAR COMPANY 6wO38.9o 2h2.53 ~I"~01
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° ~OL10- PREFERRED STOCK DIVIDENDS PAY/GL[ D[CCHI~R 31, 1951 TH£ CREDIT BALANCE Or THIS ACCOUNT R[RRESENT$ THE AMOUNT OF DIVIDENDS PAYABLE ON PREFERRED STOCKe THIS ACCOUNT RECORDS: 1 -- CREDITS FOR DEBITS TO ACCOUNT NO, "97L18- DIVIDENDS PAID ON PREFERRED STOCKn fOR DIVIDENDS DECLARED BY THE BOARD Or DIRECTORS ON OUTSTANDING PREFERRED STOCKt ENTRIES ARE MADE IN THE MONTHS IN ~'IICH DIVIDENDS ARE DECLARED. 2 " DEBITS fOR: A" CR[DfTS TO ACCOUNT HO. "IOAlO- CASH IN BANKSn FOR PAYMENTS OF PREFERRED DIVIDENDS, LESS AMOUNT WITHHELD FOR TAX PURPOSES* B" CREDITS TO ACCOUNT NO* "20L25- ACCOUNTS PAYABLE - INCOME TAXES WITHHELD FROM NONRESIDENT ALIENS OR FOREIGN CORPORATIONS" REPRESENTING AMOUNTS WITHHELD FOR TAX RURPOSESp FROM PAYMENTS TO CANADIAN AND OTHCR FOREIGN PREFERRED STOCK- HOLDERS. A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 fOLLOWS: DIVIDEND DATE TO STOCKHOLDERS ION A PAR AT RATE NUMRER DECLARED or RccoRo AT V*U_~ or ~VAaL~ON CR¢OIT SALAN~E JANUARY 1. 1951 185 NOV, 28, 195o DEc. 8, 1950 52,699,700.00 1 1/~ JAN. 2, 1951 DIVIDENDS DECLARED DURING 1~1 186 FEe. 27. 1951 MAR. 9, 1951 52.6~,7OO.00 1 1/~ ARE. 2, 1951 187 HAY 2~. 1951 JUNE 8, 1951 ~2,~F).700.OO 1 I/2~ JULY 2, 1951 188 AUO. 28, 1951 SrRT.10,1951 52,699,700.00 I 1/2~ OCYo 1, 1951 189 NOV. 27, 1951 DEC. 10,1951 52,699,700.OO 1 1/2~ JAN. 2, 1952 TOTAL DIVIDENDS RAID DURING 1~1 DIVIDEND ~ITHHELO FOR ~e PAID TOTAL NUMBER DATE PAID TAX PURPOSES STOCKHOLDERS DIVIDEND 1~ JANe 2. '1951 ~,3Z~.57 790.060.93 790,Z~95.50 186 ARR. 2, 1951 h3h.57 790,060.93 790,b,95.50 187 JULY 2. 1~1 1~17.~2 790,077.58 790,~;95.50 1~. OCT. 1, 1951 ~ ~ 79o,Z~.5o TOTAL 1,727.93 3,160,25~.o7 CREDIT BALANCE DECEMBER 31p 1951 REPRESENTING AMOUNT Or PREFERRED STOCK DIVIDEND 1~:~ PAYABLE JANUARy 2~ 1952 • NUMBER OF 8HARES OF ~ ¢UNULATIV[ PREFERRED STOCK OUTSTANDING UPON ~HICH DIVIDENDS WERE PAID ~ 52~:~97 OF ~I00. PAR VALU~ PER SNARE ee INCLUDES BLOCKED OIVID[NOS~ If ANTe SEE ACCOUNT NO. "20L26- AMOUNTS PAYABLE TO FOREIGN STOCI~IOLOERS VITHHELD UNDER UNITED STATES TREASURY D[PARTMENT REGULATIONSe: RI;K01 79o,~95.~o 79o,Z~95. ~o 79o.k95.5o 7~o,~,,95.5o 79o,~.~ 3,952,h77.5o
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3OL20- COt4.',O~ STOCK DIVIDENDS PAYAS[..[ ~CCCVm:R 31, 1951 THr CREDIT BALANCE OF THIS ACCOUNT RCPRIPSlrNTS TNr AMOUNT Or DIVIDENDS PAYABLE ON COMt4(>N STOCK+ EXCLUDING TREASURY STOCK. THERE WAS NO BALANCE IN THIS ACCOUNT AT DECEMBER 31, 1~1. THIS ACCOUNT RECORDS: 1 - CRED|TS FOR DEBITS TO ACCOUNT NO.. =~T/L13- DIVIDENDS PAID ON COMMON STOCKu COVERING DIVIDENDS ON OUTSTANDING COHNON STOCKj EXCLUDING TREASURY STOCK, DECLARED BY THE BOARD OF DIRECTORSe ENTRIES ARE MADE IN THE MONTH IN tdHICN DIVIDENDS ARE DECLARED+ 2 - DEBITS FOR: A- CREDITS TO ACCOUNT NO+ "10A10- CASH IN BANKSn FOR PAYHENTS OF COHMON DIVIDENDS+ LESS AMOUNTS WITHHELD FOR TAX PU~tPOSES+ B- CREDITS TO ACCOUNT NO. "20L25" ACCOtJNT$ PAYABLE - INCOME TAXES WITHHELD FROM NONRESIDENT ALIENS OR fOREIGN CORPORATIONSw COVER|NO AMOUNTS W ITNNELO FOR TAX PURPOSESp FROM PAYMENTS TO CANADIAN AND OTHER FOREIGN COMMON STOCK HOLD[KS. A SUPCkIARY ANALYSIS OF TRANSACTIONS tON THE YEAR 1~1 FOLLOWS: O,yIOZNpS DECLARED ~. 1~1; e'ON A PAR VALUE, D,VID£ND DATE TO STOCKHOLDERS - [XCLUO,NO AT RATE ~ or REcopo TREASURY STOCK. or Or 182 JAN. 3O, 1951 rza. 9, 1951 13h,~60,625.00 T~; NAR. 2+ 1~I 183 APR. 2h, 1951 MAY 10, 19~1 1311.1h~),625.00 ~ J~l 1. 1951 1~ JuLY 31, 1951 AUG. 10, 1951 13]~.]1~O,62~.00 ~1[ SI:PTol, 1951 185 OCT. 30, 195+ Nov. 9, 195t 13~,b,6o,62%oo 3~ Dec. 1, l~t D,VIOENDS RA,D IN 19~1: MEMORANDUM OF DIV'DENOS AMOUNT PAID TO NOT PA,D ON TREASURY STOCK STOCKHOLDERS OR NUMBER WITHHELD UNDER D,VIDEND Or SNARES AMOUNT W,TNH[LD for U°S. TREASURY NUNBCR DATE....PAI..gq2~R~.. NT~I~D TAX PURPOSES D[PT.R[GULATION 182 MAa. 2, 1~1 93,713 ~63,997.75 18.h50.o9 %393.793.66 183 JUNE 1. 1951 93.713 70,28~.T5 8,12h.53 ~.025,69h.2~ 18~ S¢~t.t, t~t 93,7t 3 70,28~.7'5 7,~)o.~6 ~.o~5,8~8.29 185 Dec. 1, I~I 93,7~3 70.28~.T~ 7,982.m, h.o~5.8R6.Th 37~.852.oo ~,5h7.00 ~,~71,~5~.91 BALANCE DECENBER 31, 1951 ANOUNT 9,h~z,2~3.75 ~,o33,818.75 ~,033,8~8.75 ~,o~.8~8.7~ 21391%TqOmO0 TOTAL AMOUNT or DIVIDEND 9,~12,2h3o75 ~,033.818.75 ~,033,818.75 21,51~.700~(X) -0- • ~OR DETAILS AS TO PAR VALUE AND NtJ$(~BER OF 141ARES Or COMHON'STOCK OUTSTANDING+ S[[ ANALYSIS Or ACCOUNT NO. "97L13- D,VlDENOS RAID O~ CONNO~ STOCK" Fll"~O 1
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I~OLIO- II'ITEREST PAYABLE ON FUNDED l)r..BT DECEMBER 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS ACCRUED INTEREST PAYABLE ON ~ AND ~ BONDS; TWENTY YEAR ~O[BEHTURES AND T~NTY--FIV[ YEAR ~DEBENTUR[S TOGETHER WITH UNCLAIMED INTEREST pAYABLE+ UNCLAIMED INTEREST PAYABLE IS OFFSET BY CASH ON DEPOSIT WITH GUARANTY TRUST COMPANY OF NEW YORK AND CHEMICAL BANK AND TRUST CO#4PANY AND I$ RECORDED IN ACCOUNT NO+ n~OLSO- CASH ON DEPOSIT FOR PAYMENT OF INTEREST ON BONDS." THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- MONTHLY CHARGES TO ACCOUNT NO+ "~- INTEREST ON FOUR PER CENT (~) BONDS" COVERING ACCRUAL OF INTEREST TO JULY 31, 1951, ON OUTSTANDING BONDS. THESE FOUR PER CENT BONDS MATURED AUGUST lw 19~1. B" MONTHLY CHARGE TO ACCOUNT NO, n69~- INTEREST ON TWENTY YEAR ~ DEBENTURES MATURING APRIL 15e 19~,n COVERING ACCRUAL OF INTEREST FOR THE MONTH ON OUTSTANDING BONDSe C- MONTHLY CHARGE TO ACCOUNT NO, "~O- INTEREST ON TWENTY'FIVE YEAR DEBENTURES MATURING OCTOBER 15~ 1~6~: COVERING ACCRUAL or INTEREST FOR THE MONTH ON OUTSTANDING BONDS, D- MONTHLY CNARa[ TO ACCOUNT NO, "688- INTEREST ON TWENTY YEAR ~v~ DEBENTURE $ MATURING JANUARY le ~::~+" [- OEBIT TO CASH FOR INTEREST RECEIVED FROf4 THE TRUSTEE ON DEBENTURES RE- ACQUIRED BY THE COMPANY WHICH DEBENTURE5 ~II[RE HELD BY THE COMPANY ON THE INTEREST PAYMENT DATE, 2 " DEBITS FOR: A" CREDITS TO ~CCOUNT NO. fl~OL~- CASH OH OEPOSIT FOR PAYMENT OF INTEREST ON BONDSn COVERING PAYMENTS MADE BY GUARANTY TRUST COMPANY OF NEW YORK AN~ CHEMICAL BANK AND TRUST COMPANY AS SHOWN BY STATEMENTS RENDERED BY THEM+ B- VOUCHER REGISTER CHARGES TO COVER INTEREST ACCRUED TO DATE OF PURCHASE ON DEBENTURES PURCHASED BY THE COMPANY. A SUGARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~ FOLLOWS: (CONTINUEO) RI" ;,'(0 1
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i i 4OL10- INTEREST PAYABLE ON FUNDED DEBT DEO'~ER 31, 1~1 PAGE 2 CREDIT BALANCE JANUARY I, I~51 GROSS INT£REST ACCRUED DEDUCT:" GROSS |NT£R£$T PAID CREDIT BALANCE DECENSER 31, 1951 TWENT Y¢AR FOUR SIX ~DEeEXTURES P¢R CENT PER CENT MATURING BONDS BONDS APRIL 15. 1962 14,527.17 2,277.00 h82,142~.o0 19.~95.8~ - 2.1 ~,2.260.3~, 33,923.OO 2,2?7.OO 2,62~,Q35.33 33,T0~.oo 2,163,~8o.33 TWENTY-FIvE TbI'ENTy YEAR YEAR DEBENTURES DEBENTURES I'~TURINO MATURING ~,o35,ooo.oo 535,63%oo 2,o69,864.1T ~,025~ooo,oo . 2.4m ,~2.50 6.5~.8~8.66 3.o6o,ooo.oo 2,936,877.5o 8,6ST.T62.83 2,o7o,ooo.oo 2,~26,82o.oo 6,G9~,oo~.33 219.0Q 2 277.00 D,61 ,~O5.OO ~t1" :~0 I
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( i ~d llOL30- CASH ON DEPOSIT F(~: PAYHENT OF" INTERS'ST C,N BONDS DECEMBER ~1 ,, 19~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS CASH ON DEPOSIT WITH GUARANTY TRUST COMPANY or NEw YORK FOR PAYMENT OF" INTEREST ON TWENTY Y¢AR ~ DEBENTURES MATURING APRIL 15p 19~ AND JANUARY 1, 19~I AND TWENTY-FIVE YEAR 3~ DEBENTURES MATURING OCTOOER l~m 1 969j AND VITH CH[HICAL BANK AND TRUST COMPANY AS SUCCESSOR TRUSTEE TO THE GUARANTY TRUST COMPANY ON ~ AND ~ BONDSe THIS ACCOUNT IS OFFSET BY THE UNCLAIMED INTEREST PAYABLE PORTIONS Or ACCOUNT NoB R~(~LIO- |NT[R{ST PAYABLE ON FUNDED O[BTen THIS ACCOUNT RECORDS: 1 - DEBITS •OR CASH DEPOSITED WITH GUARANTY TRUST COMPANy OF N[~ YORK AND CHEH ICAL BANK AND TRUST COHPANY FOR PAYMENT OF INTEREST DUE. 2 " CREDITS FOR CHARGES TO ACCOUNT NO, =~OLIO- INTEREST PAYABLE ON fUNDED DEBt" COVERING PAYMENTS MADE SY GUARANTY TRUST COMPANY OF NEW YORK AND CHEMICAL BANK AND TRUST COMPANY AS SH(3~I~ BY STATEMENT5 RENDERED BY THEM, A SUHHARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS*" 20 Y[AR ~I~ 20 YEAR ~ 2~ YEAR ~1~ DEBENTURES DEBENTURES DEBENTURES MATURING ~ATURING HATURING APRIL 1~, 1~62 JANUARY 1~ 19(~ OCTOe[R 1~, 1¢~ BALANGE JANUARY 1~ 1951 1.673.OO 1 .277.OO t9.~7%OO DEPOSITS ~%2~0.OO. -. 2,167.785.OO PAYMENTS DURING 19~1 BY: GUARANTY TRUST COMPANY O~ NEW YORK CHENICAL BANK AND TRUST COMPANY DESlT BALANCE DECEMBER 31,1~1 :~,.92%00 1.2T?.O0 2.187.060.O0 ! ,o35,ooo.oo 2o, 385. oo %o6o.ooo.oo 2,h~%965.oo ~,70~,90 2.o7o,ooo.oo 2,h26,82o.oo 33.7o~.oo .. _ - _ ~,163,~80,00 2,o7o,0oo~0o _ 2,hafi.620.oo 1,219.001,277%00 . 2~.5&:).00 -- 990,000.00. 17,1~5.00 TOTAw~..~L 7,727~225.O~ 6,66o,3o0.oo 6,69~ .oo~.oo ,0~,2211OO f:ll-;~O 1
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~OL22° PROVISION FOR SCHEMES AND DEALS DECEMBER ~1 ,, 1~1 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS AN ESTIMATED LIABILITY FOR PAYMENTS OR ALLOWANCES TO BE HADE FOR VARIOUS SCHEMES AND DEALS IN ACCORDANCE" WITH CIRCULARS AND SCHEME AD¥1CCSs AS %#I[LL AS AN [STIHATEO LIABILITY FOR PAYMENTS OR ALLOWANCES TO VARIOUS JOODCRS ANO OTHERS IN CONNECTION WITH PRIVATE BRANDS AS AUTHORIZED BY THE SALES DEPARlrN[NT, THIS ACCOUNT RECORDS: 1 - CR[OITS FOR: A- MONTHLY PROVISION FOR PAYMENTS MAD[ TO VARIOUS JOOBERS AND RETAILERS ON. SCHEMES AND DEALS WITH OFFSETTING CHARGES TO ACCOUNT NO. "618.1- SCH[HES - C|QARETTESe SHOKINGp ETC.n THE MONTHLY PROVISIONS ARE BASED ON THE AMOUNTS RECORDED IN THE VOUCHER REGIST[R FOR THE CURRENT MONTH CHARGED TO THIS ACCOUNTe B- MONTHLY PROVISIONS FOR PAYMENTS TO BE MAD[ TO VARIOUS JOBBERS FOR PRIVATE BRAND ALLO~ANC[S WITH OFFSETTING CHARB[S TO ACCOUNT NoB, "618.1- SCH[H[S - ClQARETT[$j SMOKING, ETC,,H #618,2- SCHEMES - CIGARS" AND "632,2- STORE AND GENERAL ADVERTISING - CIGARS,m THE MONTHLY PROVISIONS AR£ 8ABED ON: (1) THE QUANTITY Or PRIVATE BRANDS $HIPt4[NTS REPORTED BY VIRGINIA BRANCH MONTHLY ON THEIR F.F. 31-2 AND FOR %~rJ|CH pAYINENTS ARE MADE IN THE FOLLOWING MONTH= (2) THE MONTHLY ALLOWANCE CALLED FOR IN THE AGREEMENTS WITH THE INDIVIDUALS OR ORGANIZATIONS TO %~40~4 THE PAYMENT IS TO BE MADE IN ACCORDANCE WITH THE TERNS OF THE AGRE[M[NTSe 2 - O[BITS FOR= A- AHOUNTS RECORDED IN THE VOUCHER RED ISTER R[PREStNTINQ PAYMENTS HAD[ TO JOBBERS AND NETAIL[RS FOR ALLOWANC[S ON BCH[HES AND DEALS IN ACCORDANCE WITH CIRCULARS AND SCHEH£ ADVIC[S, B- AMOUNTS RECORDED IN THE VOtJCH[R REGISTER COVERING PAYMENTS MADE TO JOaBERS AND OTHERS FOR ALLOWANCES ON PRIVAT[ BRANOSo C- AMOUNTS RECORDED IN ACCOUNTS RECEIVABLE SALES JOURNAL COVERING CREDIT MEMORANDA ISSUED TO JOBBERS FOR DISCOUNTS ON FN|VATE BRAND FUR[HAS[So D- CREDIT TO ACCOUNT NO, "618ol- SCHEMES - CIGARETTES# SMOKING, ETC.n FOR THE EXCESS OF ACTUAL CREDIT BALANCE OVER THE TOTAL AMOUNT REQUIRED FOR SCHEMES AND DEALS. A StR4MARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: CREO |T BALANCE JANUARY ~j JOHN MIDDL[TONj |NEe WALNUT ADVERTISING ARRANGEMENT I .666.67 TOTAL 1 • 666.6T CREDIT BALANCE . PItOVIBIONS PAW4[NT$ DEC[NBER ~Iw _ 1(,~1 ~ ~ , 1~:~1 2o.000.09_ 2.! ,666.67 ~o.o0o.o0 1.666~6~ zo.ooo:oo _ . ~j .~.67 ._ zo.ooo.oo . _ !.~/o6,~7 ,759 RI";~O 1 02 556~-?
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~OL2~I- PROVISION FOR NE'~SPAPER ~ MAGAZINE ADVERTISING SPACE 0~CrMBI[R ~1, 1~1 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS AMOUNTS DUE FOR NEWSPAPCRp NAGAZINE8~ [TC. SPACE ADVERTISING FOR ~41CH CREDITORSI BILLS HAVE NOT BEEN RECEIVEOe THIS ACGOUNT RECORDS: 1 - CREDITS FOR AMOUNTS OF ADVERTISING ESTIMATES APPROVED BY OUR ADVERTISING ~EPARTNENTp RECORDED ON rDRH NjY.O. ~K~D AND CHARGED TO THE FOLLOWING ACCOUNTS WITH ALLOCATIONS TO GRANDS: 61~.1- NEw YORK OFFICE SELLING EXPENSE - CIGARETT£Sj SHOKINGj [TC. 62~.1- MAGAZINE ADVERTI$II¢~ - CIGARETTESp SMOKING, ETC. ~.2- ~AGAZ|NE ADVERTISING - CIGARS 626.1- NEWSPAPER ADYERTI$1NQ - CIGARETTES, SMOKING, [TC. ~k~6.2- NEWSPAPER ADVERTISING * CIGARS 756.1- O[PARTHENT OF ~ANUrACTURE " C |GARETTESs SMOKING: [TC. I ~- MISCELLANEOUS GREEN SLIP AUTNOR|ZATIONRj ~O1~1N.YoOo ~, ARE ISSUED BY OUR ADVERTISING AGENCIES OR BY OUR ADVl[RTISING ~[PARTNCNT EOVlCRING THE ABOVE MENTIONED ERTIHATE$. THE AHOUNT OF THE ESTIMATES IN NO INRTANG[ CAN EXCEED THE AMOUNTS AUTHORIZED ON GREEN SLIP. - OEelTS FOR: A- AHOUNTS TRANSFERRED FROM ACCOUNT NO. ~C)A~O- PREPAID ADVERTISING,u FOR SPACE ADVERTISING. ~- ~MOUNT$ RECORDED IN VOUCHER RtGtS~l~R COVERING PAYMtNTS FOR N[~PAPERS~ MAGAZINES, ETC. SPACE ADVERTISING, C- MONTHLY CREDITS TO ACCOUNT NOS. =~1~.1- NEW YO~K OYrlC( SELLING EXPENSt - CIGARETT[E) SMOKING. ETC.;" "62~.1- MAGAZINE ADVERTISING - CIGARETTES; SMOKING, EYe**a *62~.2- MAGAZINE ADVERTISING - CIGARSp~ s~k~.l- NEWSPAPER ADVERTISING - CIGARETTES, SMOKINGj ETC.p" "626.2- NEVSPAP[R ADV£RTI$|NQ - ClGARSew AND N7~6.1- DEPARTMENT OF MANUFACTURE - CIGARETTES# SMOK|NGw ET¢.~ff FOR TN~ EXCESS OF ACTUAL CREDIT BALANCE OVER THE TOTAL AMOUNT REQUIRED FOR NtWSPAPER AND 14AQAZ|NE ADVERTISING SPACE. TNC CREDIT BALANCE AT DECEMBER ~1. 1~1 IS ¢OI4POSEO OF THE rOLLOVINQ: BRAND AND N¢OIA LUCKY STRI~ ME--PAPER ADVERTISING I REGULAR COLLEGE MAGAZINE ADVERTISING: PROGRANS- MI$CELLAN[OUS PROGRAMS - BASEBALL PROGR~,~S - FOOTeALL TRADE PAPERS TOTAL ~7.9o :,9,oe~,eo 6~.~ 50.00 9,~o.35 f~T;~O1
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.~0L26- PROVISION FOR NEWSPAPER AND HAGAZINE ADVERTISING PREPARATION D[C[~R 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS AMO¢JNTS DUE FOR PREPARATION WORK ON NEWSPAPERS~ MAGAZIN[SI ETC, ADVERTISING FOR WHICH SUPPLIERS! INVOICES HAVE NOT BEEN RECEIVED, THIS ACCOUNT RCCORO$I 1 - CREDITS FOR ESTIHATEO AMOUNTS AUTHORIZED ON GREEN SLIPSB FORM N.Y.O. 89~ VNICH ARE RECORDED ON FORM N.Y.O, 201 AND CHARGED MONTHLY TO THE FOLLOWING ACCOUNTS WITH ALLOCATION TO GRANDS: 61~,1- NEw YORK OFFICE SELLING EXPENSE - CIGARETTESo SHOKINGo ETC. ~,I- MAGAZINE ADVERTISING - CIGAR[TTES~ SMOKINQj ETC. 62~.2- MAGAZINE ADVERTISING * CIGARS 626,1- NEWSPAPER ADVERTISING - CIQARETTESp SMOKING, ETC. 626,2- NEWSPAPER ADVERTISING - CIGARS 756,1" DEPARTMENT OF MANUFACTURE - CIGARETTES# SHOKINGB ETC, 2 - DEGITS FOR: A" AMOUNTS TRANSFERRED FRO#4 ACCOUNT NO. "~A~O- PREPAID ADVERTISlNGj~ FOR PREPARATION WORK ON NEWSPAPERSw MAGAZINES, ETC. B- AMOUNTS OF SUPPLIERS! INVOICES HECOIRDEO IN THE VOUCHER REGISTER COVERING PREPARATION WORK, C- MONTHLY CREDITS TO ACCOUNT NOS. m61~.1- NEW YORK OFfiCE SELLING EXPENSE - CIGARETTES, SHOKING: ETC.# "62~.1- MAGAZINE ADVERTISING - CIGARETTES, SMOK|NGp ETC.," "624.2- HAGAZIN[ ADVERTISING - ClGARSw" "626.1- NEWSPAPER ADVERTISING - CIGARETTES, SHOKING, ETC.m "626.2- NEWSPAPER ADVERTISING - CIGARS" ANO m7~,1- DERARTMERT OF MANUFACTURE - CIGARETTESe SHOKINGe [TC*~m FOR THE EXCESS OF ACTUAL CREDIT BALANCE OVER THE TOTAL AMOUNT REQUIRED FOR NEWSPAPER AND NAGAZINE ADVERTISING PREPARATIONa THE CREDIT BALANCE AT DECEMBER ~1, 1~P~1 IS CO~¢POSEO O¥ THE FOLLOWING: BRAND AND MEDIA ~'1OUNT LUCKY STRI~ NEWSPAPER ADVERTISING: REGULAR N[WSPAPCRS 6,00 COLLEGe NEWS~ARERS 1,92~.38 N[GRO NEWSPAPERS 12 O0 MAGAZINE ADVERTISING: COLOR HAGAZlHES 80~,20 BLACK AND WHIT£ MAGAZINES 100.00 BLACK AND ~IT£ DRUG AND GROCERY STORE MAGAZINES 26.2~ PROGRAMS - MISCELLANEOUS TOTAL ~,9~z.38 i~1"N01 02S56~9
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.~0L28- PROVISION F0R SUNDRY ADVERTISING D£crMBER 3~t, tc~t THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS AMOUNTS DUE FOR PUBLICITY SERVICE AND MISCELLANEOUS ADVERTISING rOE %/ERICH SUPPLIERSI INVOICES HAVE NOT BEEN REC[IVEOo THIS ACCOUNT RECORDS: 1 - CREDITS FOR ESTINAT£D ANOUNT$ AUTHORIZED ON GREEN SklPSe FORM N.Y.O. 89. ",,,,~ICN ARE RECORDED ON FORN N.Y.O. 201, COVERING PUOLtCITYI FINANCIAL ADVERTISING# LIABILITY INSURANCE ON ADVERTISING, [TCe OFFSETTING CHARGES ARE MADE TO THE FOLLOWING ACCOUNTS| 61~.1- NEW YORK OFFICE SELLING EXPENSE - CIGARETTES, SNOKINO, ETC. 620.1- SAMPLES - CIGARETTES# SMOKING# ETC. 62h.1- MAGAZINE AOVERTISIN~ - CIGARETTES. SMOKIHGp ETC. 62~.1- NEWSPAPER ADVERTIS|NG - CIGARETTESp SMOKING, ETC. ~28.1- PAINT AND BILL POSTING " CIGARETTES# SMOKING. ETC. ~.1- STORE AND GENERAL ADYERTISINO - CIGARETTES, SHOKINGp ETCo 722 - GENERAL AND AD~41HISTNATIVE EXPENSE ~5~.1- DEPARTHENT or MANUFACTURE - CIGARETTES, SNOKING# ETCo 2 - DEBITS FOR: A- AN~NTS TRANSFERRED FROM ACCOUNT NO. |~O- PREPAID ADVERTISING" FOR SUNDRY ADVERTISING. B- AMOUNTS OF SUPPLIERS! INVOICES RECORDED IN THE VOUCHER REGIST¢Re C- ~OUNTS CREDITED TO ACCOUNT NO$. W2~A10- FINISHED GOODS,w AND "27A18- |NTERNAL REVENUE STANPS - FINISHED GOOOSpw FOIR SH|PPEO COST OF CIGARETTES SHIPPED BY BRANCHES AN~ DEPOTS TO PHONOGRAPH R~COROING ARTISTS# TOSACCO EXPERTS, ETC. D- CREDITS TO ACCOUNT NOS. n~1~.1- NL~dYoRK OFFICE SELLING EXPENSE - CIGARETTES, SNOKINOa ET¢.n "~20.1- SAHPLES - CIGARETTES, ~OKINO~ ETC.mw "62~=1- ~AGAZ|NE ADVERTISING o CIGARETTESj SHOKINGf ETC.,w B6~6e~- NEWSPAPER ADVERTISING - ClGAR£TTES, SMOKING. ETC.~m "~.1- PAINT AND BILL POSTING - CIGARETTES, SHOKIHG, ETC=IH "632.1- STORE AND GENERAL ADVERTISING - CIGARETTESp SNOKING# [TO.H "~22" GENERAL AND AOHINISTRATIV[ EXPENSEs" AND fl~.l- DEPARTNENT OF MANUFACTURE - CIGARETTESp SNOKING~ £TC=,w FOR THE EXCESS Or ACTUAL CREDIT BALANCE OVER THE TOTAL ANOUNT REQUIRED FOR SUNDRY ADVERTISING. THE CREDIT BALANCE AT DECEHBER ~1. 19~1 IS COt4POSED OF THE ¥OLLOWING: (CONE mHuco) RT~01
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r -- -4 .5OL28- PROVISION FOR SUNDRY ADVERTISING DECEHBER 31, 19~1 PAGE 2 BRAND AND HED|A EXPORT ADVERTISING NEW YORK HARK~T EFFORT - THEATRE PRGGRAN$ SAHPLING THROUGH STOCKHOLDERS - D£CEHBER 1951 KINESCOPES FOR ARMED FORCES OVERSEAS RICHNOND TOeACCO FESTIVAL NEGRO TESTIMONIALS HARKETCAST ANNOUNCENENTS DISPLAY STORASE RENTAL BOOKLET -'~,'HAT HAKES LUCKY STRII~ TASTE BETTERx TOTAL ARHY AND NAVY SERVICE COMPETITIVE NEt/~PAPER ADVERTISING TRANSCRIPTIONS OF CONPETIXIV¢ RADIO CO44HERCIALS TRANSCRIPTIONS Or CONPETIT|VE TELEVISION CO44HERCIALS TOTAL GRAND TOTAL ANOUN....,~T ~,5~.~ 3,T~.17 ~T8.12 9.~12.o8 200.00 1,229.~3 888.~9 20.58 21,578.75 15,000.00 236.00 286.00 I':~ T ',,~ 0 1
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• 5OL30- PROVISION F(~ PAINT AND BILL POSTING DECEMBER 31 , 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS AMOUNT DUE FOR SERVICE AND RENTALS OF BILLBOARDS~ SIGNSo ETCe AT VARIOUS LOCATIONS FOR WHICH SUPPLIERSI INVOICES HAVE NOT BEEN RECEIVEDI AND FOR REPAIHTING BULLS[YES ON COMPANY WATER TANKS AND STORAGE SHEDS, ART ~ORK, £TCe THIS ACCOUNT RECORDS: 1 " CREDITS FOR ESTINATEO AMOUNTS AUTHORIZED ON GREEN SLIPSp FORM N.Y.O. 89D ~ICH ARE RECORDED ON FORM N.Y.O. 201. OFFSETTING CHARGES ARE MADE HONTHLY TO THE FOLLOWING ACCOUNTS WITH ALLOCATIONS TO BRANDS: ~11- PAINT AND SILL POSTING - CIGARETTES: SMOKING: ETC. 628.2- PA IHT AND SILL POSTING -- CIGAR$ 2 - DEBITS Fort: A- AMOUNTS OF INVOICES RECORDED IN VOUCHER REGISTER COVERING RENTALS OR SERVICES ON BILLBOARDS AND SIGNS. AND FOR RERAINTING SULLS[YES ON COMPANY WATER TANKS AND STORAGE SHEOSp ART WORKp ETCe B- NOHTHLY CREDITS TO ACCOUNT NOSe "~.1- PAINT AND SILL POSTING - C|GARETTES~ SMOK|NG, ETC.p~ AND ~8e2- PAINT AND BILL POSTING - CIGARSIw FOR THE EXCESS OF ACTUAL CREDIT BALANCE OVER THE TOTAL AHOUNT REQUIRED FOR PAINT AND BILL POSTING. SUHMART ANALYSIS Or TRANSACTIONS FOR THE YEAR 1951 FOLLOW: BALANCE PAYMENTS AND BALANCE ~ EXPENSE ~ SERVICE AND RENTALS OF BILLSOARDS~ SIONS~ ETCe: DURHAM. NORTH CAROLINA 279.00 LEXINGTON, KENTUCKY 1,217.62 LOUISVILLE, KENTUCKY 3~5.60 REIDSVILL[, NORTH CAROLINA ~eO~3.~ RICH.OHO, VIRGINIA 187.20 SOUTH RICNHONOs VIRGINIA 1,130.22 ERECTING AND PAINTING SIGNS: DURHAXp NORTH CAROLINA Ip(~eO~ LOUISVILL[, KENTUCKY ~.922.~0 SOUTH RICHMOND, VIRGINIA 33~,50 TWERTY-FOUR SHEET POSTERS -- 179,130,~) RoI-TAHI GLASS AND PAINTED SIGNS 196. ~ ~ t8 - _ ~o9.50 . GRAND TOTAL - 196,7~L68 279.00 1,217.82 3h5.60 6,093.5h 187.20 1,1 30.22 1,689.00 5,9a2.5o 339.50 189,3~2,78 6,99a,~0 ~09.50 ~89.75z.28 6,992.~0 2.~,4 Pl'l- ;~0 "1 02_~. 56 ~2
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~F L.I:J 50L32- PROVISION FOR RADIO AND TELEVISION ADVERTISING DECOR 31, 1951 THE CREDIT BALANCE Or THIS ACCOUNT REPRESENTS ANOClNTS DUE FOR RADIO AND TELEVISION ADVERTISING fOR WHICH BILLING HAS NOT BEEN RECEIVED° THIS ACCOUNT RECORDS: 1 - CREDITS FOR ESTIMATED AMOUNTS AUTHOR IZED ON GREEN SLIPSw FORM NeYeOe 89w WHICH ARE RECORDED ON FORM N,Y,O, 201, OffSETTING CHARGES ARE MADE MONTHLY ¥0 ACCOUNT NO$, "630ol- RADIO AND TELEVISION ADVERTISING - CIGARETTESp SMOKINGw ETC,II AND "6~0.2- RADIO AND TELEVISION ADVERTISING - CIGARS,t WITH ALLOCATIONS TO BRANDS° 2 - DEBITS FOR: A- AMOUNTS TRANSFERRED FROM ACCOUNT NO. m~O- PREPAID ADVERTISINGI" rOR COST Or RADIO AND TELCVISION ADVERTISING, B- AHOUNT$ OF INVOICCS RECORDED IN VOUCHER REGISTER COVERING RADIO AND TCLEYISION ADVERTISJNGo C- AMOUNTS CREDITED TO ACCOUNT NOB° "27A10- FINISHED GOODS" AND "2~A18- INTERNAL REVENUC STANPS - FINISHED GOODS" FOR SHIPPED COST OF CIGARETTES SNIPPED BY BRANCHES AND DEPOTS FOR USE IN CONNECTION WITH RADIO AND TELEVISION PROQRAM$e D- CR[DITS TO ACCOUNT NOB, "~oLSo- PROYI$1ON FOR STAT[ UNEMPLOYMENT INSURANCC TAX - COMPANY CONTRIBUTIONSDI m~j.~. PROVISION FOR FEDERAL UNEMPLOYMENT INSURANCE TAX - COMPANY CONTRIBUTIONpI I~O~-- PROVISION FOR FEDERAL OLD AGE BENEFIT TAX - COMPANY CONTRISUTIONjm AND t~(.~- PROVISION fOR STATE SICKNESS COMPENSATION TAX ~ COMPANY CONTRIBUTIONN COVERIN6 A PORTION OF COMPANyIS LIABILITY FOR FEO¢RAL AND 8TAT[ PAY ROLL TAKES ON PAYMENTS MADE TO RADIO AND T¢LEVISION TALENT THROUGH OUR ADVERTISING AGENTS WHICH PORTION I$ NOT CHARGED TO ACCOUNT NO, "~OL26- PROVISION FOR NEWSPAPER AND NAGAEIN( ADVERTISING PREPARATION°n F'. HONTNLT CREDITS TO ACCOUNT NOBG "6~)o1" RADIO AND TELEVISION ADVERTISING - ClGARETT£Sj SMOKING, ETC." AND R~O,2- RADIO AND TELEVISION ADVERTISING " CIGARS0" FOR TH£ EXCESS OF ACTUAL CREDIT BALJU~CC OVeR THE TOTAL AMOUNT REQUIRED FOR RADIO AND TELEVISION ADVERTISING, THE CREDIT BALANCE AT DECENBER 31~ 1 ~1 IS COMPOSED Or THE FOLLOWING: (CoUTINU¢O) RI" NO I
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,r I • f • 5OL32- ~OVSSJ~ fOR ~UmJO ~D TE'rVlSIO~ AOVERTISmG o~Cr~R 31, 1951 PAG£ 2 BRAND AND M[DIA LUCKY STR I I~ JACK B£NNY YoUR HIT PARAO[ SONG HIT COMPILATION LRS HIGBI[ AND TKC N[W$ HAPPY F[LTONIS TALK BACK KI[NN[TH BANGHART AND TH[ N[~S T[L£VI$1ON Your HIT PARAO[ SONG HtT COt4PILATION YOUR LUCKY STRIK[ TH[ATR[ THIS IS SHO~ BUSIN£$S JACK B[NNY SPOT ANNOUNG[M£NT$ ME£T TH[ CHANP - PAy ROLL TAXIS GO LUCKY - PAy ROLL TAXIS TOTAL TOTAL GRAND TOTAL AM OUN,_,__~T ~7.1o5.3h 5%712.89 1,127.5o 35.899.T9 ~4.835.29 13,325.2o 289,803.~ ~15.oo lo~,7~8.88 9o.355.58 86o51o.63 6,8~.56 21.1~ ,90 578,766,~6 AT ! 26G 0255654
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"~OL~- PROVISION F~ DISPLAY ADVERTISING DECEMBER 31, 1951 THE CREDIT BALANCE Or THIS ACCOUNT REPRESENTS AMOUNTS DUE TO SUPPLIERS FOR THE COST Or ADVERTISING MATERIALS FOR WHICH INVOICES HAVE HOT BEEN RECEIV~OI THIS ACCOUNT RECORDS: 1 - CREDITS fOR THE ESTIMATED VALUE Or ADVERTISING HATER IALS USED OR ALLOCATED TO BE USED. AS AUTHORIZED BY GREEN SLIPS. FORt¢ N.Y.O. 89. AND RECORDED ON FORH N.Y.O. ~. OFFSETTING CHARGES ARE MADE TO ACCOUNT NOB,."632,1- STORE AND GENERAL ADVERT|SING - CIGARETTES, SMOKIHGpCTC.B AND W~.2- STORE AND GENERAL ADVERTISING - CIGARS,# WITH ALLOCATION TO BRANDS. IF ADVERTISING MATERIALS ARE NOT USED NOR ALLOCATED TO BE USED, THEN A MINIMUM OF ONE SIXTH (1/6) Or THE GREEN SLiP ESTIHATED VALUE IS CREDITED TO THIS ACCOUNT EACH HONTH UNTIL TOTAL VAL~[ IS EXHAUSTEOm 2 - DEBITS FOR: A- AMOUNTS TRANSFERRED FRO~4 ACCOUNT NoB e~O- PREPAID ADVERTISING,R FOR VALUE OF DISPLAY ADVERTISING MATERIAL° B- AMOUNTS Or SUPPLIERS! INVOICES RECORDED IN THE VOUCHER REGISTER FOR DISPLAy ADVERTISING MATERIAL. C- CHARGES FROH BRANCHES COVERING VALUE OF SUPPLIES TAKEN FRO/4 THEIR INVENTORIES rOR USE AS DISPLAY ADVERTISING MATER|ALl D- MONTHLY CREDITS TO ACCOUNT NOB. m~2el- STORE AND GENERAL ADVERTISING - CIGARETTES, SHOKING~ ETC.." AND "632.2- STORE AND GENERAL ADVERTISING - CIGARS,N FOR THE EXCESS OF ACTUAL CREDIT BALANCE OVER THE TOTAL AMOUNT REQUIRED FOR DISPLAY ADVERTISING. THE CREDIT BALANCE AT DECEMBER 31, 1951 IS CC#4POSEO OF THE FOLLOWING: BRAND AND [MEDIA ~uc~ s~i ,~: WINDOW DISPLAYS WINDOW POSTERS DISPLAY PIECES - ARTIST DESIGN VENDING MACHINE OECALCO(NANIAS PACKAGE CUT-OUTS GRAND TOTAL A.0U.T 1,100.00 1,000.00 500.00 RI'~O 1 0255655
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r .J . J /i ~OL58- PROVISION FOR RETIREMENT BENEFITS DECENBER 31, 19~1 THE CREDIT OALANCC IN THIS ACCOUNT DURING THE YEAR REPRESENTS THE EXCESS Of AMOUNTS PROVIDED BY MONTHLY CHARGES TO VARIOUS EXPENSE ACCOUNTS OVER ACTUAL PAYHENTS TO RET|RED EMPLOYEES AND PAYMENTS OF GROUP LIFE |NSURANCE PREMIUMS APPLICABLE TO RETIRED EMPLOYEESo AT THE YEAR END THE BALANCE IS CREDITED TO THE VARIOUS EXPENSE ACCOUNT$o THE MONTHLY PROVISION IS BASED OH I 1/~ OF GROSS PAY ROLL, THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- MONTHLY CREDITS FROM BRANCHES FOR AMOUNTS ABSORBED IN THEIR COSTS. B- MONTHLY CHARGES TO BRANCHESp AFFILIATES AND VARIOUS EXPENSE ACCOUNTS, 2 - DEBITS FORI A- MONTHLY EHARGES FOR PAYMENTS OF GRO~JP LIFE INSURANCE PREMIUMS APPLICABLE TO RETIRED EHPLOYE(S, B- PAYMENTS MADE BY NEW YORK OFFICE TO RETIRED EMPLOYEES. C- OVERPROV|SION AT YEAR END CREDITED TO VARIOUS EXPENSE ACCOUNTS AND SUIBStOIARY COMPANIES, AN ANALYSIS OF"TRANSACTIONS FOR THE YEAR 1~1 FOLLO~JS: CREDITS FROM BRANCHES FOR AMOUNTS ABSORBED IN THEIR COSTS: CIGAR BRANCHES: CHARLESTON 31,~2.O3 KENTUCKY 16,071.69 P.=LAOELPH=A 19,773.32 SCRANTONp ASHLEY AND WILKES~BARRE OTHER THAN CIGAR BRANCHES: 0URHA, 79,~8.80 LOU,SVILLE ~5,805.31 NASHVILLE 1,3~,81 REIOSVlLL¢ 87,192.91 VIRGINIA 8~,~.~1 TOTAL BRANCH CREO|TS 98,789.74 (COIITINUtO) ,~8 R'I" HO 1 02 5'~.;6 56
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i;[ ......... • 50L58- PROVISIOtl FOE RETIREH~NT BENEFITS DCCEHBER 31, 1951 PAGE 2 CREDITED BY NEW YORK Of FIGE FOR CHARGES TO= CIGAR BRANCHES: ASHLEY 50Oo19 CHARLESTON 2,9~.~ KENTUCKY 1,0~.21 PHILADELPHIA 2,1~.25 SCRANTON 1,550.65 ' W.LKES-BARRE 806,8~ OTHER THAN CIGAR BRANCHES: DURHAM 8,551.20 LOUISVILLE 5,925.56 NASHVILLE 363.21 REIOSVlLLE 5,8~7.8a VIRGINIA 1%550.h3 OTHER : 11c~25- 110A50- 110A53- 8OA110- 9OA16- 50L110.- 55L28- 612.1- 6111.1- 61 11,2- 616.1- (;16.2- 667.2 - ~9.1 - 722 - 728 - 7118 - 755 - 756.1- AMERICAN SUPPLIERS, INCORPORAT£O 29<).37 AMERICAN CIGARETTE AND CIGAR COMPANY 697.h9 HENRY CLAY AND BOCK ~ COMPANYt LIMITED 227o21 PREPAID ADVERTISING 3,97 LEAr DERARTX£HT .~).211 PROVISION fOR VACATIOH~ HOLIDAY AND RELAT¢D SHUTDOWN EXPENSE 31*53 GOLDEN ~LT MANUFACTURING COMPANY 23.21 ~R(IGHT AND SHIPPING EXPENSE - CIGARETTESw SMOKING, ETC, 9Oe01 NEW YORK OFFICE SELLING EXPENSE - CaGARETTES, S.OKING, ETC. 11,5~.65 NEw YORK OFficE SELLING EXPENSE - CIGARS 2116.73 SALESMENIS SALARY AND EXPENSE - CIGARETTES, SMOKING, ETC. 20.6~6.21 SALESNENfS SALARY AND EXPENSE- CIGARS 1.213.52 VACANT PROPERTY EXPENSE - CIGARS 131.90 MILITARY SERVICE ALLOVANCE - CIGARETTES, SHOKING, ETC, 15h.37 MILITARY SERVICE ALLOWANCE " CIGARS 28°18 GENERAL AND ADHINISTRATIV£ EXPENSE 35.1311.~ OFFICE SPACE AND EQUIPNENT 1,9~°0~ TRENTON EHERGEHCY OFFICE EXPENSE ~.,8~ ADVERTISING DERARThI£NT 1,9h8,38 DEPARTMENT Or MANUFACTURE - CIGARETTES, SMOKING, ETC. ~,201.23 756°2- DEPARTMENT OF MANUFACTURE - CIGARS 8~°h7 770 - BRANCH ADMINISTRATION TOTAL CREDITED BY NEW YORK OffiCE TOTAL AHOUNT PROVIDED DURING 1951 (Co~rINUCO) 9,057.OT 311,238.22 515,989.3o 2C,9 RI'XOI 02~5657
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.~OL58- PROVISICH F(~ RETIREHENT BENEFITS O£CEMBER 31, 1951 PAGE OVERRROVISION TRANSFERRED FRON RECORDS Of: ANERICAN SUPPLIERSp |NGORPORATEO NEW YORK LEAF DEPARTMENT TOTAL CREDITS PAYMENTS DURING 1951 : AUTHORIZEO PRIOR TO JANUARY 1, 1949: RCTIIEI[MCNT BENEFIT PAYMENT GROUP LIFE INSURANCE PREMIUM TOTA.__..~L CIGAR BRANCHES OTHER BRANCHES NEW YORK OFFICE 15,213.89 20~ ,o34 .~2 37.6~9.81 TOTAL ~ 6,9~BjLt2j _ AUTHORIZ[O SUBS[QUENT TO JANUARY 1, 19~9: 29.70 15,2~3.59 531.89 204,566.31 6.o3 ~T.7o':3.8~, 567.62 2~7,515.7~ CIGAR BRANCHES OTHER BRANCHES NEW YORK OFFICE TOTAL TOTAL PAYMENTS MADE ouRl~ 1951 OVERPROVISlONI CREOITEO AT DEC¢~ER 31, 19~1 TO: %9~5.12 ~7.72 6,oo2.8~, 124,972.o7 ~,~ 3.93 125,386.oo 172,13,2.96 ~4o23 172,687.19 VARIOUS EXPENSE ACCOUNTS AMERICAN CIGARETTE ANO CIGAR COMPANY HENRY CLAY ANO BOCK & COMPANY, LINITEO TOTAL CHARGES 9%ooT.~3 1 ,~'~. 36 CREO|T BALANCE DECCMSCR 31, 1951 531 ,ooS.T~ -O- mlalam~mm~ ,'~';'0 Pll';401 02~565B
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i~ / i 50L~- R~SERV£ FOR [MPLOYI[RI$ LIABILITY INSURANCE DECEHBER 31, 1951 THE CREDIT 8ALANC¢ OF THIS ACCOUNT REPRESENTS AN ¢STIHAT£ BY THE StCRETARYIS DEPARTMENT OF AN AMOUNT BUFFICI[NT TO COVER ALL OUTSTANDING, UHSETTLEO~ OR POSSIBLE AWARDS FOR WORKMEHIS COMPENSATION AND EMPLOY[RIB LIABILITY UNDER STATE WORK)4ENIS COMPENSATION LAWS, AS WELL AS THE UNPAID COST OF SERVICES RENDERED BY OUTS|DE DOCTORS, MOSPITALS~ [TC.j PN THOSE STATES IN WHICH ~ ARE "SELF-INSURERS. THIS ACCOUNT RECORDS| 1 - CREDITS FOR: A- HONTHLY CREO|TS FROM BRANCHES FOR AHOCfNTB WORKED INTO THEIR COSTS, BASED ON A PERCENTAGE OF PAY ROLL CO~4PUT[O AT RATES FURNISHED EACH YEAR BY THE |NSURANCE DEPARTMENT AT THE NEW YORK OFFICE, COVERING EMPLOYEES AT BRANCHES. B- HONTHLY CHARGES THROUGH THE VOUCHER REGISTER TO ACCOUNT NO. B~,2- VACAN~ PROPERTY CXPEHS~ - CIGARS~" BASED ON A PERCENTAGE OF PAY ROLL COHPUTED AT RATES tURN|SHED EACH Y[AR 8Y THE |NSUP.ANCE ~¢PARTNENT, COVERING WATCHMEN AT TRENTON, NEW JER$[Y. C- HOHTHLY CHARGES THROUGH THE VOUCHER R¢GISTCR TO ACCOUNT NO, "6~A15- CONSTRUC- TIOH,# BASED ON A PERCENTAGE OF PAY ROLL COMPUTED AT RATES FURNISHED EACH YEAR BY TH£ INSURANCE DEPARTMENTe COVERING CONSTRUCTION AT TRENTON, NEW JERSEY'° D- ~Ot4THLY CHARGES TO ACCOUNT NOBe "616.1- SALESNENIS SALARY AND EXPENSE " C|GARETTES~ SMOKING, ETC.R "616,2- SALCSMENIS SALARY AND EXPENSE - CIGARSB BASED ON A PERCENTAGE OF PAY ROLL CO(4PUTED AT RATES FURN|BHEO BY |NSURANC[ DEPARTMENT AT THE NEW YORK OFFICE, COVERING SALESH~N IN THE STATE Or P£HNSYLVANIAa IN WHICH STATE ~ ARE SELF-INSURERS. 2 - DCGITS FoR: A- CHARGES BY BRANCHES, NEW YORK OFFICE AND HENRY CLAy AND ~OCK & COHPANYp LIMITED, FOR PAYMENTS Or AWARDS FOR VORKNCNIS CO~4PENSATIQN AND EHPLOYER/S LIABILITY UNDER STATE WORKHENIS COHPENSATION t.&WSj AS W1ELL AS PAYMENTS FOR SERV|CES RENDERED BY OUTSIDE DOCTORS, HOBPITALS~ [T¢. ~- CREDITS TO ACCOUNT NO. H~(~_ UNEXPIR[D |NSURANCEN FOR COST OF EXCESS COMPEN- SATION INSURANCE° C- PAYMENTS OF SUNDRY F¢ES TO BTAT[S WHENE|N WE ARE SELF*INSURERS. 0- ~OHTHL¥ CREDITS TO ACCOUNT NOS~ "~l~p" CONSTRUCTION," n~l ~*~- SALESHENIs SALARY AND EXPENS~ " CIGAR~TT~SeS~OK|NG* ETC.m "616.~* SALCSMENIS SALARY AND EXPENSE " CIGARS," ff~7*2- VACANT PROPERTY [XPtENSE - CIGARS," "711.1- UNDISTRIBUTED EXPENSE - CIGARETTES, SMOKING, [TC.I AND "~11.2- UNDISTRIBUTED ¢XPCNS¢ " CIGARSn FOR EXCESS OF ACCRUED RESERVE OVER THe CBTIHATCO AHOUNT REQUIRED* AN ANALYSIB OF TRAHSACTIONS FOR THE YEAR 1~1 FOLLOWS ! (C¢~TeNuro) f:~T ~01
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50(.60- RESERVE FOR £1~LOY'£RmS LIABILITY INSURANCE D[CEHS[R 31 , 1951 CR¢OIT BALANCEa JANUARY 1, 19~1 CR¢OIYS FROHBRANCHI~t FOR AHOUNTS VORKEO INTO THEIR COSTS COVERING £NPLOYEES AT BRANCHES= CIGAR ~ANCHES: CHARLESTON KENTUCKy PHILAO£LPHIA SCRANTON, WILKES'BARRE AHO ASHLEY OTHER ~RANCH£S; DURHAM lOUISVILLE NASHVILLE RE|OSY|LL£ VIRGINIA AND RICHHONO TOTAL CREDIT8 ARISING FROH CHARQ[S TO THE fOLLOWING ACC~U~ql"SI ACCOUNT NO. "~l~r- CONSTRUCTION" (TRENTON, NL*~" J~EY) A¢COUt~" NO, 161 6,1- SAL[SN£NIs SALARY AND EXPENSE - C|GARETTES, SNOKINGB ETC.I ACCOUm" NO. a616.2- SALCSI~NIs SALARY ANO EXI'¢NS¢ - CIGARSR PENNSYLVANIA - SALEONEN ACCOUNT NO. n6~7.2- VACANT PROPERTY EXPENSE -.C|GJLq$m TRENTONI NEW JERSEY - WAyCHIq£N TOTAL CREDITS Or)RING 1951 7,573.24 2,o29,23 5,2~.98 12,920.35 15,o6T.19 379.T9 12,~5.1o 15.629.~c) 127.31 TOTAL CHARGES FOR PAYMENTS Off AWARDS AND PAYMENTS FOR S£RV|C£S ~ OUrS|DE DOCTORSp HOSPITALS~ ETCI¢ SERVICES Or OUTSlO¢ OOCTORSp O P A $ ET¢ CIGAR BRANCHES| CHARLESTON KENTUCKY PHILADELPHIA SCRANTON, WILKES-BARRE AND A~HL£Y ~,,151 .~2 i %.65 199.~o OTHER BRANCHESl DURHAN LOUlIVILL£ NASHVILLE REIOSVILL¢ YIRGINIA ANO RICHt4ONO NL~YORK OFFICE TOTAL ORAN4~H[S AND NL'~/ YORK Orrlc£ 2,538.61 ~38.86 1~,o65.16 3,225.95 1,8%.~5 355.30 1.C:K~.20 8, ~15 • 93 (cowr tin, co ) PAGE 2 6,176.26 23,186.37 .68 130.63 85,~.5o 199.~o 79~.16 3,850.211 2%681 .o,) PII'M01
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50L60- RESERVE FOR EHPLOYER=S LIABILITY INSURANCE DECEHBER 31o 1951 PAD[ AWARD,S PENNSYLVANIA SALESMEN HENRY CLAY AND SOCK ~ CONPANYp LIMITEOj TRENTON. NE~ JERSEY TOTAL 15,C~5,16 CHARGES fOR PAYMENTS or SUNDRY F[~S TO S~ATC$ WHEREIN WE ARE SELF-INSURERS - PER DETAILS ON PAOE ~ AND 5 PR£HIUN PAYMCNTS TO ~NSURANCE COMPANY fOR EXCESS COMPENSA- TION ON [NPLOYERIS LIABILITY IN STATES IN ~lCN WE ARE SELf° INSURERS TRANSFER OF OVER-ACCRUAL TO THE FOLLOWING ACCOUNTS: ACCOUNT No. "6~15- CONS;RUC- TIONN *~ ACCOUNT No. "g16.1- $ALESNENIS SALARy AND [XP[NS[ - CIOARETT£SI SHOKING, ETC." 51o31 ACCOUNT NO. "616.2- S~LESHENtS SALARY AND EXPENSE - CIGARSn ~.~2 ACCOUNT NO. "667.2- VACANT PROPERTY £XPENS¢ - CIGARS" 2~.~ ACCOUNT NO. "711.1- UNDISTRI- BUTED EXPENSE - CIGARETTESB SNOK ING, ¢T¢." 33,116.78 ACCOUNT NO. "711,2- UNDISTRI- BUTED EXP£NSE - CIGARS" TOTAL DEBITS CREDIT BALANCE AT DEC¢MBER 31~ 1~|, ESTIHATED AS SUFFICI[NT BY OUR SECRETARYIS DEPARTMENTI DETAILED AS FOLLOWS: ~ERVICES Of OUTSIDE DOCTORSm T6.oo 8,691.93 23,T57.o9 5,a32.65 2,0~6.32 (CONTINUED) ~:~ T ~ 0 1 2~73 02 ,=;, ~.. - .... 661
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r r ~OL60-RESERVE FOR EI~.OYER~S LIABILITY INSURANCE DECE~-£_R 3~, 195t PAGE CHARLESTON BRANCH 71o.o7 DUa.AH BRANCH 1,609°00 KENTUCKY BRANCH LOUISVILLE BRANCH 3,295.33 NASHVILLE BRANCH PHILADELPHIA BRANCH REIDSVILLE BRANCH RICHHOND BRANCH ~0,00 VIRGINIA BRANCH 380.00 SCRANTON BRANCH NEv YORK OFFICE OETAILS Or CHARGES FOR PAYMENTS TO SUNDRY FEES TO STATES WHEREIN V[ ARE SELF-INSURERS: STATE OF NE~,/YORK: PROPORTIONATE SHARE OF EXPENSE Or ADHINIS'rERING SELF" INSURANCE BASED ON SECURITY DEPOSITS OF $31e0OO.00 FISCAL YEAR ENDED 3/31/51 ASSESSMENT FOR SPECIAL O|SABILITY FUND BASED ON COMPENSATION PAYMENTS FISCAL YEAR ENDED 3/31/51 PROPORTIONATE SHARE OF EXPENSE OF AON|NISTERIHG VoRK)4ENIs COMPENSATION LAW BASED ON ¢O#4P[MSATION PA'mENTS A.OUHTI~ TO $1,2h8.00 FISCAL YEAR ENDED 3/31/51 PROPORTIONATE SHARE OF ASSESSMENT TO RESTO~IAL FUND FOR REOPENED CASES TO PR[SCRIBED M|NIN1JM UMI~ER PRO" VISloNS OF WORI~EN|S CO#4PENSATION LA~ BASED UPON CO04PENSATION PAYMENTS AMOUNTING TO $1,2h8.O0 FOR FISCAL YEAR EHO[O 3/31/51 STATE OF SOUTH CAROLINA: TAX DUE UNDER WORKMENIS COMPENSATION ACT - 7-1-50 TO 12-31-50 TAX DUE UNDER WORKMENIS COMPENSATION ACT - 1-1-51 TO 6-30-51 CERTIFICATE OF COMPLIANCE RENEWAL PREMIUM ON BOND 9-20-51 TO 9-20-52 STATE OF VIRGINIA: PREMIUN ON SELF-INSURERS ~ORKMENIS COMPENSATION BOND -- 2-17-51 TO 2-17-52 MAINTENANCE TAX ASSESSED ON INSURANCE COMPANIES AND INDUSTRIAL SELF-INSURERS FOR 1~0 STATE OF NONTH CAROLINA: MA|NTENANCE FUND TAX DUE 1-1-50 TO 12-31-~O ASSESSMENT FOR THE SECOND INJURY FUND FOR THE PERMANENT INJURY SUSTAINED BY HUGH P* RANKIN ON toRCH 1, 1949 FEE fOR SELF'INSURANCE APPLICATION PREMIUM ON SELF-INSURERS WO~NMENIS CONPEN!SATION BOND -- 7-1-51 To 6-30-52 (COMTINUED) 31.56 h.16 82.76 6.69 515.61 523.11 .5o 15o.oo 'vta.5o ~19.a8 ::.,656.5~,, 25.00 5.00 75.00 RI" ~01
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5OL60- RESERVE FOR EHPLOYER~ LIABILITY INSURANCE D£CCHBER 31, 1951 PAGE 5 COmmONWEALTH Of PENNSYLVANIA: FEE FOR EXENPTION PCRHIT - WORK.'<ENIS C OHPENSATION STATE Or TENNESSEE: PREHlUN FOR SELr-INSURERIS BOND ?-15-51 TO ?-15-52 STATE OF K¢NTUCKY: ASSESSHENT AGAINST (STINATEO PAY ROLL FOR THE YEAR ENOmNG 6-30-52 ADDITIONAL A$$E$$HENT AGAINST [STIHAT[O PAY ROLL FOR THE YEAR ENDING 6-30-5~ TO BE CREDITED TO SUBSEQUENT INJURY FUND ASSESSNENT AGAINST ACTUAL PAY ROLL FOR THE YEAR ENDED 6-3o-51 PREHIUH ON SELF'INSURERS WORKMENI$ COHP£NSATION BOND - 8-1-51 TO 7-31-52 25.00 75.oo 296.08 111.03 5.33 1 ~...!!g~o AI" ~O'l 0255663
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5OL~- PROVISION FOR FEDERAL INCOI~ TAX PAYABIJ[ O£CEHB£R 31, 1~1 THE CREDIT. BALANCE Or THIS ACCOUNT REPRESENTS 'tHE ESTIMATED AMOUNT OF FEDERAL INCOME TAX PAYABLE ON THE NET |NCOt4£ OF THE EONPANV FOR THE ¢URR£NT YEARe THIS ACCOUNT RECORDS: 1 - CREDITS FOR| A- DEBITS TO ACCOUNT NO. m71~" FEDERAL INCOHE TAXI COVERING ESTIMATED AD4OUNT Or FEDERAL INCOHE TAXa B- DE~ITS TO ACCOUNT NO. ~i(~ REFUNDS AND ADJUSTHENT$ Or FEDERAL AND STATE TAXES Of PRIOR YEARSp WITH INTEREST T]HEREONp LESS RELATED £XP£NSE$fl TO RECORD PROVISION FOR TAX APPLICABLE TO REFUNDS DURING THE YEAR OF PRIOR YEARSI TAXESe 2 " DEBITS FOR TRANSFER AT BEGINNING Or EACH YEAR Or THE CREDIT BALANCE OF THIS ACCOUNT TO ACCOUNT NO, nSOL75- PROVISION FOR TAX CONTINGENCIES RELATIVE TO PRIOR YEARS AND INTEREST TNEREONow A SUI@4ARY ANALYSIS OF TRANSACTIONS FOR THE Y~AR 1951 FOLLOWS: CREDIT BALANCEj JANUARY 1, 1~1 PROVISION DURING THE YEAR 1~1 COVERING EST IMATEO FEDERAL INCOME TAX L£ss; ANOUN¥ TRANSFERRED TO ACCOUNT NO. "5OLT5- PROVISION FOR TAX CONTINGENCIES RELATIVE TO PRIOR YEARS AND INTEREST THEREONt CREDIT BALANCE, DECEMD£R 31# I~I 26,396,5oo.oo b-7,178,3~o.7~ I~1"~01
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~OLTIt- PROVISION FOR FEDERAL EXCESS PROFITS TAX PAYABLE DECEMBER 31 o 19-~1 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE ESTIMATED AMOUNT OF FEDERAL EXCESS PROFITS TAX PAYABLE ON THE NET INCOME OF THE CO04PAHY FOR THE CURRENT YEAR. THIS ACCOUNT RECORDS:" 1 - CREDITS FOR NONTHLY DEBITS TO ACCOUNT NO. w718- FEDERAL EXCESS PROFITS TAXi REPRESENTING ESTIMATED FEDERAL EXCESS PROFITS TAXI 2 - DEBITS FOR TRANSFER OF CREDIT BALANCE AT THE BEGINNING OF EACH YEAR TO ACCOUNT NO, e~OL75- PROVISION FOR TAX CONTINGENCIES RELATIVE TO PRIOR Y[A~ AND INTEREST THEREON.I A SUFe4ARY ANALYSIS TRANSACTIONS FOR THE YEAR 1~1 FOLLOWS| CREDIT BALANCEp JANUARY I, 19'~I P~OVlSION DURING THE YEAR 1951 COVERING ESTIMATED ~EDERAL EXCESS PROFITS TAX LESs: AMOUNT TRANSFERRED TO ACCOUNT NO. I~IOL~- PROVISION FOR TAX CONTINGENCIES RELATIVE TO PRIOR YEARS AND INTEREST THER[O~II CREDIT SALANCE, OECE"CBER 31, 1951 1,813,ooo.oo ~,2~3,~28.93 ~813,000.00 2~30.h28.9~
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r ...... .50L~- GROUP LIFE INSURANCE D IV IDEND ~CL'~eER 31, 195~ THE CREDIT BALANCE OF THIS ACCOUNT AT DECEMBER 31p 1951 REPRESENTG THAT PORTION or THE DIVIDEND RECEIVED FROM THE METROPOLITAN LIFE iNSURANCE COMPANY FOR THE POLICY YEAR ENDING ON SEPTEMBER ~0l 19~1 ~HICH WILL BE TRANSF[RRED IN THE FIRST NINE MONTHS OF 1952 TO ACCOUNT NO. "2OL9~- GROUP LIFE INSURANCE PREHIUMS PAYABLEm BY MONTHLY CREDITS REPRESENTING THE DIFFERENCE BET t d lIEN THE TOTAL PREHIUH APPLICABLE TO THE AMERICAN TO6ACCO COt4PANY AND ITS VHOLLY O~/NED DOMESTIC SUBSIDIARIESe COMPUTED *T $.6T PER $1,O00 COVCRAaE *NO THE *MOUNT PROVIDED BY TNZSZ COMPANIES AT $.~5 PER $1,O00 COVERAGE. • THIB ACCOUNT RECORDS: 1 - CREDITS TO RECORD THE RECEIPT OF THE DIVIDEND, LESS AHOUNT$ APPLICABLE TO PARTLY OWNED SUBSIDIARIES. 2 * DEBITS FOR: A- MONTHLY CREDITS TO ACCOUNT NO* "2OL~- GROUP LIFE INSURANCE PRENIUHS PAYABLEfl FOR THE DIFFERENCE BETWEEN THE TOTAL PREMIUM APPLICABLE TO THE AMERICAN TOBACCO COMPANY AND ITS WHOLLY DINNED DOMESTIC SUBSIDIARIES AND THE AMOUNT PROVIDED BY THESE CONPAN|ES. B- CREDITS TO SUBSIDIARY COt4PANIES AND VARIOUS EXPENSE ACCOUNTS FOR DISTRIBU- TION DE THE UNABSORBED BALANCE AT THE END or THE POLICY YEARe THE CREDIT BALANCE AT DI[CEHBER 31, 1951 IS COMPOSED OF THE FOLLOWING| DIVIDEND RECEIVED ERON THE METROPOLITAN LIFE INSURANCE COMPANY FOR THE POLICY YEAR ENDED SEPTEHGER 30, 1~1: (S¢¢ NOTE) LESS: AMOUNTS CREDITED TO: AMERICAN CIGARETTE AND CIGAR COMPANY GOLDEN BELT MANUFACTURING COMPANY HENRY CLAY AND BUCK k COHPANY, LIMIT£D ACCOUNT NO. "20L96- GROUP LIFE INSU(RANC[ pREMIUH'PAYABLEn= OCT~ER 11 ,536.7~ NOVEMBER 11.~3T.33 DECEHG(R CREDIT BALANCE D[CEI48¢R 31, 1951 ~, 319,89 5,13b,.o8 5 ,T19.81 ~5.0~6,81 162,209.00 11~.. c~. b,1 NOTE: DETAILS OF COMPUTATION BY THE METROPOLITAN LIrK INSURANCE COMPANY OF DIVIDEND [ARN[D FOR THE POLICY YEAR ENDED SEPTEHDER 30, 1951, [CONTINUED) ,?,?S " -._. {: 6 6
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~.J . ! J . ~OL~- GROUP LIF,r INSUR.4.NCE DIVIDEND D£¢EN~R 31, 1~1 PAGE 2 PREHlUM EARNED LEss: DEATH CLAIMS PAID 0EATH CLAIMS PENDING D|SAB|LITY CLA|M~ APPROIf~D DISABILITY CL&IMS PENDING CONVERSIONS UNREPORTED CLAIMS TOTAL CLAIHS EXPENSES AND TAXES CONTINGENCY RESERVES AFPL|EO AS REOUCTION RESERVE GROSS DIVIDEND EARNED LESS: AMOUNT RETA|NED BY THE METROPOLITAN LIFE INSURANCE COMPANY TO INSURE A OROUP LIFE INSURANCE PREMIUM RATE OF fig MINUS 13 PER ¢ENTn UNDER THEIR RATE REDUCTION FORMULA NET DIVIDEND RECEIVED 207,OOO 11 ,OOO 90.OOO 13,OOO ~,,758 270,~5~ 32,182 2,,20~ 504,295 2O3,OO9 RI" :,~O 1 • ~. 4, 9 02BB667
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55L28- GOLDEN BELT MANUFACTURING COMPANY DECEMBER 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE NET AMOUNT DUE FROM GOLDEN ~[L~ MANUFACTURING COMPANY ON CURRENT ACCOUNT. THIS ACCOUNT RECORDS: 1 - CREDITS rOR: A- DEBITS TO BRAHCH~ LEAF DEPARTMENT AND VARIOUS OTHER ACCOUNTS FOR MERCHANDISE P~RCHAS[~ FROI4 GOLDEN BELT MANUFACTURING C~PANYj ~- DEBITS 10 ACCOUNT NOS. elOAIO- CASH IN BANKSm OR I'1OA60- UNAPPLiED CASH COLLECTIONSn FOR REMITTANCES RECEIVED FRO0< GOLDEN BELT MANUFACTURING COMPANY IN PAYMENT OF OUR DILLS TO THEM, 2 - DEDITS FOR: A- CREDITS TO ACCOUNT NO, "1OA10- CASH IN BANKSm FOR REH )TTANCES 14ABE TO GOLDEN ~[LT ~ANUFACTURING C O~PANY IN PAYMENT Or ,'~H£1R INVOICES. B" CREDITS TO BRANCHj LEAr DEPARTMCI~T AND VARIOUS OTHER ACCOUNTS FOR MISCELLANEOUS CHARGES TO GOLDEN BELT MANUFACTURING COMPANY¢ C° CREDITS TO DRRNCHe LEAr DEPARTMENT AND VARIOUS OTHER ACCOUNTS FOR GOLDEN BELT MkNUFAETURING COHPANYIS CREDIT MEMOS RECORDED IN OUR VOUCHER REGISTER. THE CREDIT BALANCE AT DECEMBER 31 p 1~f~1 IS COMPOSED Or THE FOLLOWING: DAT..~[ DESCRIPTIOm~ THE AMERICAN TOBACCO COW(PANT INVOICES: DECEMBER 18 DECEMBER 1B DECEMBER 20 DECEMBER 20 DECEMBER 31 DECEMBER 31 DECEMBER 31 DECEMBER 31 DCCEHBCR 31 DECEMBER ~1 LESs: GOLDEN BELT DECCMeCR 18 DECEMBER 21 DECEMBER 31 NEW YORK OFfiCE I~,~14 NEW YORK OFrlCE 1,2~ DURHAM BRANCH 9,15 VIRGINIA BRANCH 300,00 New YORK OFFICE 74~.00 NEW YORK OrrIcc 152.79 NEw YORK OrrIcE 2,887,I5 NEW YORK OFFICE 3~,O0 DURHAM BRANCH 96.72 NEW YORK OFfiCE ----.~I~-~ MANUFACTURING COMPANY INVOICES: VIRGINIA BRANCH VIRGINIA BRANCH REIOSVILLE BRANCH DEBIT BALANCE, DECEMBER ~I, 19~I 326.3~ 9~. 97 ~,394.10 ~80 RI'/¢O I 025566B
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~OLSOo SiX PER CENT BONDS MATURING OCTO~R 1, 191;4 OECEHBER 31, 1951 THE CREDIT BALANCE Of THIS ACCOUNT REPRESENTS THE AMOUNT OF SIX PER CENT BONDS OF THE ANERICAN TOBACCO CO~qPANY DUE OCTOBER 1, 19~ ~HIEN NAVE NOT BEEN PRESENTED TO THE CHEMICAL BANK AND TRUST COMPANY~ TRUSTEE, FOR PAYMENT AND CANCELLATIONe THIS ACCOUNT IS FULLY OFFSET BY THe D[B IT BALANCE Or ACCOUNT NoB n~OL31- CASH OH OCPOS(T WITH TRUSTEE FOR REO~MPTIO~ Or $|K P~R C¢HT 8ONOS WHICH NATUREO OCTOBER 1, 19~h." THIS ACCOUNT RECORDS DEBITS FOR CREDITS TO ACCOUNT NO. X~)L31- CASH ON DEPOSIT WITH TRUST£( FOR REDEHPTION OF SIX PER CENT BONDS VHICH MATURED OCTOBER ~, 1~m TO RECORD BONDS PAID BY THE TRUSTEE AS SHOWI~ BY MC~4THLY REPORTS FROM THE TRUSTEEI THER¢ ~dlER[ NO TRANSACTIONS IN THIS ACCOUNT DURING 131. PAR VALUE Or BONDS OUTSTANDING OECEHBER 31, 1~1 f:tT ~01 02 5566
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-~Ol..31- CASH ON DEP(~IT WITH TRUSTEE FOR REDEHPTION Of" SIX PER CENT BONDS WHICH MATURED OCTO(~R I, 19~b, DECEH~R 31. 19~1 THC DEBIT BALANC¢ OF THIS ACCOUNT RCPR¢SCNTS TH¢ AMOUNT Or CASH ON DEPOSIT VITH TH[ CHRNICAL BANK AND TRUST COMPANY, TRUSTCC, FOR RCOCHPTION Or SiX PER CENT BONDS ~#HICN NATURED OCTO~CR 1, 19~, THE DEBIT BALANCE OF THIS ACCOUNT FULLY OFFSETS THE CREDIT BALANCE OF ACCOUNT NOe m~OL~O- SiX PER CENT BONDS HATUNIN; OCTOSCR 1, 19~h." THIS ACCOUNT R¢CORD3 CREDITS FOR DEBITS TO ACCOUNT Noe N~3(~ SIX PCR CENT BONDS NATURING OCTOBER 1, 1 ~n TO RCCORD PAYHENTS BY THE TRUSTEE FOR BONDS PRESENTED FOR REDEMPTION. THERE WERE NO TRANSACTIONS IN THIS ACCOUNT DURING 1~51, CASH ON DCPOSIT DCCEHBER ~1, 1951 f~l'~O'l 025515P0
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/ ~OLhO- FOUR PER CENT BONDS MATURING AUGUST 1, 1~1 DECEI4BCR 31, 1951 THE CREDIT BALANCC Or THiS ACCOUNT AFTER AUGUST I • 1~1e REPRESENTS THE AMOUNT OF FOUR pER CENT BONDS Dr THE AMERICAN TOBACCO COMPANY DUE AUGUST 1~ 1~1, tJHICH HAVE NOT BEEN PRESENTED TO THE CHEMICAL BANK AND TRUST COt4PANY~ SUGC£SSOR TRUSTC£, FOR PAYMENT AND CANCELLATION, THis ACCOUNT IS FULLY OFFSET BY A PORTION OF THE D£11T BALAN¢[ OF ACCOUNT NO• n~Of.51- CASH ON DEPOSIT WiTH TRUSTEE FOR REDEMPTION OF rOUR PER CENT BONDS ~ll¢N MATURED AUGUST |, 1~|,u iNTEREST ON THESE BONDS WAS PAID SEMIANNUALLY ON FEBRUARY 1 AND AUGUST 1. THIS ACCOUNT RtGORDS: 1 - DgBITS FOR CREDITS TO ACCOUNT NO, w~O~l- CASH ON DEPOSIT WiTH TRUSTEE FOR REDEMPTION OF FOUR PER CENT BONDS IdHICH MATURED ~UGt~T 1, 1~1; TD RECORD BOtiDS PAID BY THE TRUST~[ AS SHO~ BY HONTHLY REPORTS rRO~I THE TRUST£[• A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS; BALANCE JANUARY 1 LESS: BONDS REDEEMED AND CANCELED BY TRUSTEE DURING 1951 PAR VALUE Or BONDS OUTSTANDING, DEC(MD(R ~IB 1~1 709,1p0.00 22~800.00 ~83 ~1"~0"1 02556P1
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~OL~O- FOUR PER CENT BONDS OF CONSOLIDATED TOBACCO COHPANY HATURING AUGUST I, 1951 DECEHBER 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNTp AFTER AUGUST 1o 1951p REPRESENTS THE AMOUNT OF FOUR PER CENT BONDS OF CONSOLIDATED TOBACCO COMPANY DUE AUGUST 1p 131, FOR ~HICH THIS COMPANY WAS LIABL[D NOT PRESENTED TO THE CHEMICAL BANK AND TRUST CO#4PANYo SUCCESSOR TRUSTEEm FOR PAYMENT AND CANCELLATION, THIS ACCOUNT IS FULLY OFFSET BY A PORTION OF THE DEBIT BALANCE OF ACCOUNT NO, n~){.51- CASH ON DEPOSIT VlTH TRUSTEE FOR REDEMPTION OF FOUR PER CENT BONDS I#HICH NATURED AUGUST 1B 1~f)1,u INTEREST ON THESE BONDS VAS PAID SEMIANNUALLY ON F[SRUARY 1 AND AUGUST 1, THIS ACCOUNT RECORDS: 1 - DEB ITS FOR CREDITS TO ACCOUNT NO, u~K)L51- CASH OH DEPOSIT VlTH TRUSTEE FOR RED~PTION OF FOUR PER CENT BONDS 11fHICH NATURED AUC;UST lp 1~F~1" TO RECORD BONDS PAID BY TRUSTEE AS SHOWN BY MONTHLY REPORTS FROM THE TRUGT£Ee A SUMMARY ANALYSIS Or TRANSACTIONS FOR THE yEAR !~1 FOLLDVS: BALANCE JANUARY 1 LESS: BONDS REDEEHEO AND CANCELED BY TRUSTEE DURING 131 PAR VALUE OF BONDS OUTSTANDING DECEMSER 31, 131 122,100.00 RT HO 1
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F .... 7 ~k ~0L~I- CASH ON DEPOSIT WITH TRUSTEE FOR REOCHPT|ON OF FOUR PER CENT BONDS MILCH HATURED - AUGUST 1, 1~1 DE(EMBER 31, 1951 TM( DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT Or CASH ON DEPOSIT VITH TH( CHEHICAL BANK AND TRUST COMPANYD TRUSTEED FOR REDEMPTION OT TOUR PER CENT BONDS WHICH MATUR(D AUGUST 1B 1~1e TH~ DEBIT BALANCE Or THIS ACCOUNT FULLY OFFSETS THE CREDIT BALANC(S OF ACCOUNT NOS. "~OLqO- FOUR PER ¢(NT SOND$ MATURING AUGUST 1, 1~1" AND "~OL~O- FOUR PER CENT BONDS OF CONSOLIDATED TOBACCO COHPANY MATURING AUGUST 1 j 1951." THIS ACCOUNT R(CORDS| 1 - D(BITS FOR CASH D(POSIT(O WITH CHtMICAL BANK AND TRUST CO#4RANY FOR R(DEMPTION Or FOUR P(R C(NT SONDSe - CR(D|TS FOR D£SlTS TO ACCOUNT NOS, I~)L]IO- FOUR P[R CENT BONDS HATURING AUGUST 1p 1~1 " AND "~:)t.50- FOUR P(R CENT BONDS OF CONSOLIDAT(D TOBACCO COMPANY WHICH HATUR(O AUGUST 1 • 19'~1 " TO RECORD pAYMENTS SY THE TRUSTEE FOR SONDS PRESENTED FOR R(O(MPT|ONe A BUI~qARY OF TRANSACTIONS FOR THE Y(AR 1951 FOLLOW/S| FOUR P(R C[NT BONDS Or FOUR PIER CENT CONSOLIDAT(O BONDS TOBACCO COMPANY MATtJRING" MATURING A~,~ST 1. 1951 CASH DEPOSITED VlTH TRUST(( - JULY 31, 1951 70<),150.00 122,1OO.OO. PAYHENTS BY TH( TRUST(( FOR BONDS PRESENT(D AND CANC(~(O ~,~0.00 120~500.00 ~ DEBIT BALANC( 22.800.00 I,~00.00 D¢BIT BALANCE DECEMBER 31, 1~F~1 TOTAl. 831,a50.00 8o6.850.o0 285 0.. _.55 P3
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60L00- TWENTY EAR ~{ OEENTLIRES MATURING APRIL 15, 1962 DECEMBER 31 , 1951 THREE PER CENT DEBENTURES Or THE AMERICAN TOBACCO COt4PANY ISSUED AS OF APRIL 15, 19~2P AND MATURING APRIL 15, 1962, SUBJECT TO THE INDENTURE DATEO APRIL 15, 19~2, BET~iEEN THE AMERICAN TOBACCO COMPANY AND THE GUARANTY TRUST COMPANY OF NEW YORK, TRUSTEEs INTEREST IS PAYABLE SEMIANNUALLY ON APRIL 15 AND OCTOBER 15 AT THE RATE OF THREE PER CENT PER ANNUM e TO OBTAIN THE NET AMOUNT Or DEBENTURES OUTSTANDING IN THE HANDS OF THE PUBLIC AND I~tlCH HAVE NOT BEEN CALLED FOR REOENPTION~ DEDUCT FROM THE NET CREDIT BALANCE OF THIS ACCOUNT THE DEBENTURES AC- QUIRED AND HELD BY THE COMPANY AS REPRESENTED SY THE DEBIT BALANCE Or ACCOUNT NO. "~L~- TWI~NTY YEAR ~ DEBENTURES REACQUIREOo" THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- DEBIT TO ACCOUNT NO. "10A10- CASH IN BANKSn FOR NET CASH RECEIVED PROM UNDER- WRITERS FOR DEBENTURES ISSUED AS OF APRIL 15e 1942. B- DEBIT TO ACCOUNT NO. n~50- PREPAID INTEREST, PR(M|UM AND DISCOUNT" FOR UNDERWRITING COMMISSION ON DEBENTURES ISSUED AS OF APRIL 15, 19~2. C- DEBITS TO THIS SAME ACCOUNT FOR DEBENTURES DEPOSITED ~ITH THE ~INKIHG ~UND TRUSTEE, WHICH DEBENTURES HAD BEEN PREVIOUSLY CALLED FOR REDEMPTIONo 2 - DEBITS tON: A- PAR VALUE or DEBENTURES CALLED FOR REDEMPTION THROUGH THE OPERATION Or THE SINKING FUNO. ~- CREDITS TO THIS SAME ACCOUNT FOR DEBENTURES DEPOSITED WITH THE SINKING FUND TRUSTEE, WHICH DEBENTURES HAD BEEN PREVIOUSLY CALLED FOR REOEMPTIONi C- PAR VALUE OF DEBENTURES RETIRED AND CANCELED OTHERWISE THAN THROUGH THE OPERATION OF THE SINKING FUND. A SUMMARY ANALYSIS OF TRANSACTIONS IN THIS ACCOUNT FOLLOWS: (¢O.T IHU(O ) 286 FI l" ;gO 1 02 556 74..
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• ] 6OL60- TWENTY YEAR ~ DEBENTURES MATURING APRIL 15, 1962 DECE~R 31, 19~1 PAGE 2 :J ORIGINAL ISSUE L(SS~ BONDS CALLED FOR REDEMPTION: OCTOBER 15, 19~3 OCTOBER 15, 19h~ OCTOeER 15, 1945 APRIL 15, 19~7 OCTOBER 15, 1947 OCTOBER 15, 1948 APRIL 15, 19~9 OCTOeCR 15. 19~9 APRIL 1~, 1~50 OCTOBER 15, 1950 APRIL 15, 1951 PURCHASED BY THE COMPANY AND DELIVERED TO THE SINKING FUND TRUSTEE IN LIEU Or CASH OCTOB¢R 15, 1944 APRIL 12, 1946 APRIL 16, 1946 OCTOBER 15, 1948 APRIL 12, 1951 APRIL 16. 19~1 H*Y 14. 1951 AUGUST 31, 19~1 SEPTEMBER 18, 1951 PURCHASED BY THE SINKING FUND TRUSTEE: PURCHASE DATE D[LJVERY DATE OCTOBER 21 OCTOBER 24 NOVEMBER 15 NOVEMBER 19 NOVEMBER 17 NOVEMBER 20 NOVEMBER 1~ NOVEHBER 21 NOVEMBER 26 DECEMBER 2 DECEHBER 1 AS OF NOVEMBER 29 DECEMBER 3 DECEHBER 1 DECEMBER DECEMBER 3 DECEMBER 8 DECEMBER 5 DECEMBER 10 DECEMBER 22 As or DECEMBER 20 DECEMBER 2~ AUGUST 12 AUGUST t7 AUGUST 13 AUGUST 18 AUGUST 16 AUOUST 1~ OCTOBER 27 NOVEMBER 1 OCTOBER 27 NOVEMBER 3 OCTOBER 27 NOVEMBER 4 CALLED FOR REDEMPTION BUT NOT DEPOSITED WITH SINKING ~UND TRUSTEE RETIRED THROUGH SINKING ~UND 1 ,0OO.OO 2.0OO.00 11 .O00. DO 9,000.00 2,955,000.00 3.000.000.00 3,04k,000.00 138.00o.00 3,135,000.00 3,1 67,000.00 57,000. O0 3,237,ooo.oo 280,000.00 3,274 ,ooo.oo 326,0oo.00 25,000.00 133,ooo.oo 2,95%ooo.oo 131 , 000.OO 384 ,ooo.oo 1.921,000.00 I ,O49,0OO.00 382,000.00 12,000.00 18,000.00 10,000.00 ~4,000.00 ~9,ooo.oo 2,000.00 %ooo.oo I .ooo.oo 12,ODD.DO 59 ,ooo.oo i .ooo.oo IO,OOO.OO 7,000.00 i, ooo.oo 2,ooo.oo 12,ooo.oo 29,ooo.oo 2 o~5,000.00 3,000,000.00 3,oh~,,ooo.oo 138,ooo.oo 3,136.ooo.oo 3,, 67,ooo.oo 57,000.00 3,237 ,ooo.oo 282 ,ooo.oo 3,a~,ooo.oo- 335,ooo.oo 25.000.00 133,ooo.oo 2,955,000.00 131,0OO.OO 38~,O00.OO 1,921,0OO.00 1,0~9,0OO.00 382 ,ooo.oo 12,ooo.oo 18.ooo.oo 10,000.00 4~ ,O00.O0 ~9,0oo.oo 2,000.00 5,000.00 1, o0o. DO 12,0OO.00 5%000.00 1 ,0OO.OO 10,000.OO 7,000.00 1 ,0OO. OO 2.0OO. OO 12,000.00 29,000.00 (CONTINUED)
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! ~OL~O- T~R~NTY YEAR 3~ DCBCNTtJ~ES ~TURING APRIL 15, 1962 DECEI4B~R 31, 1951 PAGE PURCHASE DATE DELIVERY DATE OCTOBER 16 OCTOBZR 19 PURCHASED BY THE SINKING FUND TRUSTE( tROt4 THIr COMPANY ON OI'CrHBER 19, I~5 TOTAL D£DUCTIONS CREDIT BALANCE DEC£NBER ~1, 1~1 CALLZO FOR REO[HPTION BUT NOT DEPOSITED WITH S INKING RETIRED THROUGH FUND TRUSTEE SINKING FUND TOTA_LL 1 ,000.00 1 ,000.00 2SS
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.~0L65- TWENTY YEAR 3~ DEBENTURES MATURING APRIL 15, 1962 REACQUIRED DECEMBER 31, 1~51 PAR VALUE OF TWENTY YEAR ~ DEBENTURES, MATURING APRIL 15~ 1962, PURCHASED BY THE COHPANY FOR CANCEL- LATION OR rOR PAYMENT TO THE SINKING FUND TRUSTEE IN LIEU OF CASH AS PROVIDED FOR IN SECTION 3.03 OF THE INDENTURE DATED APRIL 15, 19~2. THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- PAR VALUE OF DEBENTURES PURCHASED BY THE CO#4PANY FOR CANCELLATION OR PAYNENT TO THE SINKING FUND TRUSTEED B- CREDIT TO THIS SANE ACCOUNT TO RECORD THE PAR VALUE OF DEBENTURES: 1" DELIVERED TO THE SINKING FUND TRUSTEE AS A PAYNENT TO THE SINKING FUND IN LIEU OF CASH AS PROVIDED IN SECTION 3o03 oF THE INDENTURE DATED APRIL 15, 19h2. 2- DELIVERED TO THE TRUSTEE FOR CANCELLATION OTHERWISE THAN THROUGH OPERATION OF THE SINKING FUND. 2 - CREDITS FOR: A- OFFSET OF DEBITS DESCRIBED IN 1B ABOYI[. B- DEBITS TO ACCOUNT No. "60L6Oo T~NTY YE*R 3~ DEBENTURES MATURING APRIL 15, 19~2m BUSACCOUNT NO. "3- RETIRED THROUGH SINKING FUND" AND SUSACCOUNT NoD N~. RETIRED OTHERWISE THAN THROUGH THE SINKING FUNDM FOR THE PAR VALUE OF DEBENTURES RCACQUIREDp WHEN THEY ARE RETIRED. A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: BALANCE J~NUARY 1, 1951 DEBENTURES PURCHASED BY THE CONPANY SETTL[NENT DATE PAR VALUE APRIL ~ 2 38~,ooo,oo APRIL I~ 1,~21,000.00 MAY 1~ 1,049,0OO.00 AUGUST 31 382,000.00 S~PTENBER 18 1~ OOO OO LESS DEBENTURES DELIVRREO TO TN[ SINKII~; FUND TRUSTEE AS PAYNENT TO THE SINKING FUND IN LIEU OF CASH AS PROVIDED IN SECTION 3,O3 OF THE INDENTURE DELIVERY DATE RETIREHENT DATE PAR VALU.........~E APRIL 15 APRIL 15 38~,000.00 JULY 13 JULY 15 20970,0OO.OO OCTOBER 15 OCTOeER 15 ~9~,O00.OO BALANCE DECEI, IBER 31, 1951 -0- 3,768,ooo.oo f:} T ~; O 1
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6OL70- T~NTY-FIVE YEAR ~;~ DEBENTURES FtATURING OCTOBER 15, 1969 DECEMBER 31, 1~1 THREE PER CENT DEBENTURES Or THE ANENICAN TOeACCO COMPANY ISSUED AS OF OCTOBER 15j 1~ AND MATURING OCTOBER 15, 1969, SUBJECT TO THE INDENTURE DATED OCTOSER 15, 19~, eET~n:CN THE A.ERICAN TOnACCO CONPANY AND THE GUARANTY TRUST COMPANY Or NEW YORK, TRUSTEE, INTEREST IS PAYABLE SEHIANNUALLY ON APRIL 15 AND OCTOBER 15 AT THE RATE Or THREE PER CENT PER ANNUMo TO OBTAIN THE NET AMOUNT OF DEBENTURES OUTSTANDING IN THE HANDS OF THE PUBLIC AND ~/TI|CH NAVE NOT BEEN CALLED FOR REOEHPTIONa DEDUCT FROM THE NI[T CREDIT SALANCE Or TH IS ACCOUNT THE DESENTURES AC- QUIRED AND HELD BY THE COFtPANY AS REPRESENTED BY THE DEBIT BALANCE Or ACCOUNT Noe e~OL75- TWENTY- rIVE YEAR ~ OESCNTURES REACQUIREDe# THIS ACCOUNT RECORDS| 1 - CREDITS FOR: A- DEBITS TO ACCOUNT NO, "IOAlO- CASH IN SANKSM FOR NET CASH RECEIVED FROM UNDER- mITERS roR OESENTUR[S ISSUED AS or OcToBER 15, 19~. B- DEBIT TO ACCOUNT Hoe wSOAOO- PREPAID INTERESTp PREHIUN AND DISCOUNT# FOR UNDER- ~|TERS! COkI~ISSION ON DESENTURES ISSUED AS OF OCTOBER 15, 19~, C- DEBITS TO THIS SANE ACCOUNT FOR DESENTURES DEPOSITED WITH THE S INKING FUND TRUSTEEp ~|¢N DESENTURE$ HAD SEEN PREY|OUSLY CALLED FOR REOENPTIONa 2 " DEBITS FOR: A" PAN VALUE OF DESENTURES CALLED FO~ R[~EMPTION THROUGH THE OPERATION OF lrlNE SINKING FUNDs D- CREDITS TO THIS SAME ACCOUNT FOR DEBENTURES DEPOSITED WITH THE SINKING FUND TRUSTEEp WHICH DEBENTURES HAD SEEN PIRE¥|OUSLY CALLED FOR REDEMPTIONe C- PAR VALUE Or DEBENTURES RETIRED AND CANCELED OTHERWISE THAN THROUGH THE OPERATION or THE SINKING FUND= A SUt~4ARY ANALYSIS OF TRANSACTIONS IN THIS ACCOUNT fOLLOWS: (COflTINUEO) ,?.90 ................. RT~01 02556 ?~
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6OL70- TWENTY-FIVE YEAR ~ DEBENTURES MATURING OCTO(~R 15, 1969 DECEMBER 31, 1951 PAGE 2 ORIGINAL ISSUE LESS: BONDS CALLED fOR REDEMPTION: OCTOBER 15, 1945 OCTOeER 15, 1947 OCTOBER 15, 1949 APRIL 15, 1950 OCTOBER 15, 1950 APRIL 15, 19~1 PURCHASED BY THE COMPANY AND DELIVERED TO THE SINKING FUND TRUSTEE IN LIEU OF CASH APRIL 12, 1~6 APRIL 16, 19h6 APRIL 15. 1948 JULY lh, 1948 OCTOBER 15, 19~B APRIL 5, 1951 APRIL 11, 1951 MAY 23, 1951 MAY 25, I~1 JUNE 1 , 1~P~1 dUNE 5, 131 dUNE 8, 1951 SEPTEMBER 14, 19~1 PURCHASED BY THE SINKING fUND TRUSTEE: PURCHASE DATE DELIVERY DATE dULY 19 JULY 22 JULY 2h JULY 25 JULY 25 JULY 26 OCTOBER 30 NOVEMBER 5 APRIL 17 APRIL 21 OCTOBER 18 OCTOBER 21 APRIL 16 APRIL 19 TOTAL DEDUCTIONS CREDIT BALANCE, DECEMBER 31, 19~1 CALLED FOR REDEMPTION BUT NOT DEPOSITED WITH SINKING RETIRED THROUGH FUND TRUSTEE SINKING FUND 1,000.00 1,000.00 8.000.00 2.000.00 2,735 ,o0o.o0 2,871,0OO. OO 2,916,0o0.00 168,000.00 2, ~:~1,000.00 211 pOOO.OO 40,0OO.00 2,749,0oo.oo 123,OO0.00 2,T75,o0o.o0 126,000,00 ~63,o0o.o0 1,196,o00.00 876,OOO.O0 3oo,000.o0 25T,o0o.oo 2oo,(xx). Do 2,000.00 266,ooo.o0 2,00O, O0 7,OOO.OO h,OOO.OO 2,O00.00 81 ,OOO. DO 1,0OO.00 1 ,OOO.OO 1,0OO.OO 21.122 ~OOOI O~_ 2,736,000.00 2,871 ,O00.00 2,917,O00.00 .108,OO0.00 2,959 ,OOO.OO 213,000.00 40,000.00 2,T49,o0o.o0 123,ooo.oo 2,775,o0o.oo 126,0OO.OO • 263,O0O.O0 1,196,000.00 876,o0o.o0 3oo,o0o.oo 257,000.00 2oo,ooo.o0 2,ooo.oo 266,000,00 7,000.00 4 ,O00.OO 2,0OO.O0 81 ,OOO. DO 1 ,0OO.OO 1,0OO.00 1~o09.o9_ 21 ,1~4,000.O0 RT ~0 1
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6OL75- T~ENTY-F IVE YEAR ~1~ DEBENTURES FCA.TURING OCT06ER 15, 1969 REACQUIRED OECE~R 3t, 1951 PAR VALUE OF "rk~NTY-rlV[ YEAR ~1~ DEBENTURES HATURING OCTOBER 15, 1~ PURCHASED BY THE COHPANY FOR CANCELLATION OR FOR PAYNENT TO THE SINKING FUND TRUSTEE IN LIEU Or CASH AS PROVIDED FOR IN SECTION 3.03 or THE INDENTURE DATED OCTOBER 1% 19~. THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- PAR VALUE OF DEBENTURES PURCHASED BY THE COMPANY FOR CANCELLATION OR PAY)4ENT TO THE SINKING FUND TRUSTEEs B- CREDIT FOR THE PAR VALUE or OEBENTUREG: 1- DELIVERED TO THE SINKING FUND TRUSTEE AS A PAYHENT TO THe SINKING FUND IN LIEU OF CASH AS PROVIDED FOR IN SECTION 3,03 OF THE INDENTURE DATED OCTOSER 15, 19~. 2- DELIVERED TO THE TRUSTEE FOR CANCELLATION OTHERWISE THAN THROUGH OPERA- TION OF THE SINKING FUNDs 2 - CREDITS FOR: A- OFFSET TO O[81TS DESCRIBED IN 1B ABOVE. B- DEBITS TO ACCOUNT NO, "~OLTO- TWENTY-FIVE YEAR ~ DESENTURES MATURING OCTOBER 15, 1969p" SUSACEOUNT NO. "3- RETIRED THROUGH SINKING FUND" AND SUSACCOUNT NO. "~- RETIRED OTHERWISE THAN THROUGH THE SINKING FUND" FOR THE PAR VAL~E OF DEBENTURES REACGUIREOw WHEN THEy ARE RETIR[~o A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: BALANCE, JANUARY 1, 1951 DEBENTURES PURCHASED BY THE COHPANY SETT~EHENT DATE PAR VALUE APRIL 5 263,000.00 APRIL 11 1,196,000.00 MAY 23 876,000.O0 MAY 25 300,000.00 JUNE 1 2~?,0OO.00 JUNE 5 200,000.00 JUNE 8 2,0OOOOO SEPTEHB[R lh 2(~ 000 OO LESS DEBENTURES DELIVERED TO THE SINKI~ FUND TRUSTEE AS PAYMENT TO THE SINKING FUND IN LI[U OF CASH AS PROVIDED IN SECTION 3.03 OF THE INDENTURE DELIVERY DATE RETIRENENT DATE PAR VALUE APRIL 15 APRIL 15 263,0OO.OO JULY 13 JULY 15 2,831,OOO.OO OCYOeCR 15 OCTOBER 15 2~,pOO.OO BALANCE, DE¢£HSER ~lj 1951 °0- 3,300,000.00 RI;~O 1
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,4 6OL80- "I'~NTY YEAR 3,~ DEBENTURES HATURING JANUARY 1, 19~ DECEI~BER 31, 1951 I THerE PER CENT DEBENTURES OF THE AHERICAN TOBACCO COMPANY ISSUED AB OF JANUARY ~, 19~8J AND I~ATURING JANUARY Ii 19~m SUBJECT 1~O THE INDENTURE DATED JANUARY 1, 1~8~ BETIdl[EN THE AHI'RICAN TODAECO COMPANY AND THE GUARANTY TRUST COMPANY OF NEW YORK, TRUST£¢o |NTEREST IS pAYABLE SEMIANNUALLY ON JANUARY 1 AND JULY I AT THE RATE OF THREE prR CENT PER ANNUI4e THE INDENTURE PROVIDES FOR ANKUAL RETIREMENT OF" A PORTION OF THE DEBENTURES THROUGH THE OPERATION OF A SINKING FUND BEGINNING IN l~e THE DEBENTUREBp ISSUED AS OF JANUARY 1. 1~t ~fl[RE BOLD TO THE f'QU|TABLE LIFE ASSURANCE SOCIETY ON FEBRUARY 17. 191;8 IN ACCORDANCE WITH THE PURCHASE AGREEMENT DATED JANUARY 6, 1~8. AT A PURCHASE PRICi~ OF" 100~ Or PAR VALUE PLUS ACGRUED INTERrBT IrltO~ JANUARY 1, 1~= THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- DEBIT IN 1~ TO ACCOUNT No. "10A10- CASH IN BAN~S" FOR CASH RECEIVED FRON UNDERWRITERS FOR DEBENTURES ISSUED AS OF" JANUARY 1 * 1~8. B- DEBITS TO THIS SAHE ACCOUNT FOR DEBENTURES DEPOSITED WITH THE SINKING FUND TRUSTEE* FOR RED[NPTIOHw 2 - DEBITS FOR: A- PAR VALUE OF DEBENTUREB REDEEN[D THROUGH THE OPERATION OF THE SINKING FUND. ~- CREDITS TO THIS SAHE ACCOUNT FOR DEBENTURES DEPOSITED WITH THE SINKING FUND TRUSTEE~ FOR REDENPTIONe C- PAR VALUE OF DEBENTURES RETIRED AND CANCELED OTHERWISE THAN THROUGH THE OPERATfON OF THE SINKINQ FUND. A SUF~IARY ANALYSTS OF THE BALANCE IN THIS ACCOUNT FOLLOWS: AMOUNT OF DEBENTURES SOLD ON FEBRUARY 1~. 191~ TO THE EQUITABLE LIWE ~SSURANCE SOCIETY AT 10~ OF THE PRINCIPAL ANOUNT LEss: ~ONOS CALLED FOR REDENPTION AND RETIRED THROUGH THE SINKING FUND JULY 1, 19~9 JULY 1 , 1950 JULY 1, 1951 CREDIT BALANCE. OECEHBER 31, 1~'~1 75,O00,OO0.(:X) 3.000.000.00 3.000o000.00 ~,O00.000.00 66,o00 ,OO0.00 RT ~¢0 1
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i " 65L10- DIVIDEND SCRIP CERTIFICATES CONVERTIBLE INTO COHHOH STOCK DECO4BER 31, 1951 THE oRrOIT BJLANCE OF THIS ACCOUNT REPRESENTS THE AHOUNT OF OUTSTANDING DIVIDEND SCRIP CrRTIF.ICATCS ISSUED iN 1918 AND" 1919 IN SERIES A TO F WITH ~ INTEREST FROH DATE OF ISSUE TO I~.ARCH 1:1921 AND THr AMOUNT or DIVIDEND SCRIP CERTIFICATES I$SU£O IN 1920 AND 1921 IN SERIES G To I WITH ~F~ INTrREST FROM DATE or Issue TO HARCH 1, 1923. THE SCRIP CERTIFICATES DUE MARCH lw 1921, YoRE ISSUrO IN LIEU OF CASH DIVIDEND Or 5~ ON COIqIqON STOCK AND ARE CONVERTIBLE INTO CO#4~ON STOCK (FORNERLY COt4NON B STOCK) AT PARe THE SCRIP CERTIFICATES DUE MARCH lp 1923p ~I~RE ISSUrO IN LIEU OF CASH DIVIDENDS OF~ ON CO~ON STOCK AND ARE CONVERTIBLE INTO COMMON STOCK (F.ORH£RLY COHHOH B STOCK) AT PAR, THIS ACCOUNT RECORDS| 1 - DEBITS FOR THE PAR VALUE OF SCRIP REPORTED BY GUARANTY TRUST COMPANY OF NEW YORK AS HAVING SEEN DEPOSITED ~ITH THEN AND CONVERTED INTO COI44ON STOCK (FORJl4ERLY CO#4)4ON B STOCK), OF.FSETTING CREDITS ARE NADE TO ACCOt#NT NO, "9OL35- CAPITAL STOCK - CONMON - UN|SSUEOew THE CREDIT BALANC[ AT DECENSER 31p 1951 IS CO~POSEO Or THE FOLLOVING| DIVIDEND SCRIP CERTIFICAT¢S DUE MARCH 19 1921 DIVIDEND SCRIP CERTIFICATES DUE MARCH 1, 1923 TOTAL 3,976.oo ~.~I ~l-~O I 02~5613 2
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~OL30- CAPITAL STOCK COHHON - AU~4ORIZEO ~OL35- CAPITAL STOCK CO~ON - UNISSUEO DECEHBER 31, 1951 4 ,-i THE CR£OIT BALANCE OF ACCOUNT Noe e~OL30- CAPITAL STOCK COHNON - AUTHORIZEDe REPRESENTS THE PAR VALUE OF AUTHORIZEO COHHON STOCK. THE DEBIT BALANCE OF ACCOUNT NOe "9OL~5- CAPITAL STOCK COIqNON -- UNISSUED~ R¢PRESENTS THE PAR VALUE OF UNISSU£O COHHON STOCKe THE NCT OF TH¢SE ACCOUNTS EQUALS THE PAR VALU[ OF ISSU[DCOH4qON STOCK. STOCK CERTIFICATES ARE FOR ~25., ~50. ANO ~100. PAR VALUE ff£R SHARE, EACH SNARE Or ~100. PAR VALUEj IS CONVERTIBL[ INTO FOUR SHARES OF ~25. PAR VALUE AND [ACN IHARE OF ~50e PAR VALUE IS CONVERTIBLE INTO T~/O SHARI[S OF ~25, PAR VALUE COt4$40N STOCK. ACCOUNT NO, ~OL~O BE¢OROSZ 1 - CR¢OITS FOR: A- PAR VALUE OF STOCK AUTHORIZED TO B[ IBSUCO. B- DEBIT IN 1948 TO ACCOUNT NO. m~OL~O- CAPITAL STOCK - COMNON B - AUTHORIZEO~ TO REFLECT THE CHANGE OF CO$4MON B STOCK TO COHHON STOCK IN APRIL. 1~1~ PUR- SUANT TO $TOCKNOLOCRS! RESOLUTION Or APRIL 7, 1~};8. ACCOUNT NOe 9OL35 RECORDS: 1 - CREOITS FOR~ A- PAR VALUE OF STOCK CRRTIFICATES ISSUEOe B- DEBITS TO THIS SANE ACCOUNT FOR NENORANDUN ENTRIES TO RECORD THE CONVERSION OF COMMON STOCK or ~100, AND ~50. PAR VALUE INTO ~25. PAR VALUE C~NON STOCK 2 - DEBIT IN1 ~8 FOR CREDIT TO ACCOUNT NO. I~OL~- CAPITAL STOCK - CONNON B UNISSUED" IN APRIL, 1 ~8 TO REFLECT THE CHANG~ Or COHMON B STOCK TO COMMON STOCK. THE FOLLOWING TABULATION SETS FORTH DETAILS ON TH¢ AUTHORIZEOf UNI$SU¢O. AND ISSUEO COt4NON STOCK AT O[CCNBER 31, 1~1. SNAR¢.____..~S ACCOUNT NO. "~K)L30- CAPITAL STOCK CONNON AUTHORIZEO" 10,000.000 (1) ACCOUNT NO. n~OL35- CAPITAL STOCK COHNON UNISSUED" ~,527,8~2 ISSUEO CAPITAL STOCK - COHNON, DECENSER 31, 1951 __5.~72,1~w (1) INCREASE FRC~ 6.000.000 TO 10.000.0OO SHARES or AUTHORIZ¢O CO~4NON STOCK or THE PAR VALUE OF $25.00 A SNARE APPROV[O AT STOCKHOLDERS! NEETING HELD APRIL ~. 1951. A SUI~NART ANALYSIS OF TRANSACTIONS FOR THE Y[AR 1~1 FOLLOWS: 250o000,00Oo00 (1) 11~,19~,550,00 ISSUED AND OUTSTANDINGAT JANUARY ~1 1~1 JN Ices or $2~, PAR vA~u~ NUNBER Or NUMBER OF SNARES ~ ~ ~ ~ 169 $100. 16,9oo.oo- 676 $25. 16,9oo.oo a,8~3 5o. ~2,15o.oo %686 L~. 142,15o.oo 5,~65o776 25. 136,C~,~oo.oo ~ 2% (CO.TINU[O) 2.95 ~ 1" ;."¢01 02_%5683
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I ~)L30- CAPITAL STOCK COHNON - AUTHORIZED 9OL35- CAPITAL STOCK COHH()N - UNISSUED DECENSER 31, 1 951 PAGE 2 CONVERSIONS DURING 1~)~1: NUMBER OF SHARES PAR VALUE 1,2~ $5o. 2,~5o 25. TOTAL 61,25o.oo 61,25o.oo IN TERMS ~r $25. P*R vA~uc NUMB[R:OF SNARES PAR VALU£ TOTA....~L 2,~5o $25. 61,250.00 2,h5o 25. 61,250.00 S SUED AND OUTSTA.,NDSNG AT D£crI48ER ~i1~ 10'~1 : 169 $1oo. 16,9oo.oo 1,618 50. 8o,9oo.oo 5.~68,226 25. 136,7o5,650.oo 676 $z5. 16,9oo.oo 3,236 zS. Bo.9oo.oo zS. 1~6.7o%~o.oo "iNCLUOCS 93,713 SHARES Or STOCK IN COHPANYI$ TREASURY 296 nr xo-1 0255684
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~. i~ , ,, ~ 9OL60- CAPITAL STOCK - PREFERRED - AUTHORIZED ~OL65- CAPITAL STOCK - PREFERRED - UNISSUED D~CEH~R 31, 1951 THE CREOIT BALANC( OF ACCOUNT NO, "9OL60- CAPITAL STOCK - PREr(RR(O - AUTHORIZED" REPR£S£NTS THE PAR VALUE OF AUTHORIZED PREFERREO STOCK, THE DEBIT BALANCE Or ACCOUNT NO, m~OL~- CAPITAL STOCK - PR(fERREO - UNISSUEOR REPRESENTS THE PAR VALUE Or UNISSUED PREFERR(O STOCK, THE N£T Or THESE ACCOUNTS EQUALS THE PAN VALUE OF 13SUEO AND OUTSTANDIHO PREF(RRED STOCKo THE FOLLOVING TABULATION $(T$ FORTH DETAILS ON THE AUTHORIZ(Ot UNISSUED AND ISSUED PREFERRED STOCK AT DECEHBER 31, 1951. ACCOUNT NO. mSOL60- CAPITAL STOCK - PR¢F£RRED - AUTHORIZEDn &CCOUHT NO. "~-~- CAPITAL STOCK - PREY(RREO - UNISSUED~ ISSUED CAPITAL STOCK " PREFERRED DEC(.B¢R 31, 1~51 PAR VALU( AT $100.00 PER SHAm[ 5~O.lO6 54,oio,6oo.oo I~ 1" ;,~01 02 ~58,85
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J i J. / .~L10- TREASURY STOCK ~C~R 31, 1~1 THE DEBIT BALANCe OF THIS ACCOUNT REPRESENTS THE NET VALUE OF REACGUIRED TREASURY STOCK. THIS ACCOUNT RECORDSI 1 - DEBITS FOR COST OF REACQUIRED SHARES OF CAPITAL STOCK OF THE COHPANYe IN TH~ ~VENT SHARESj WHICH ~/I[RE FORMERLY HEL~ AS TREASURY STOCK BUT SUBSEQUENTLY SOLOj ARE AGAIN REACQUIRED AS DIVIOENO$, THEY ARE RECORDED AT A GROSS BOOK VALUE CALCULATED AT THE AVERAGE MARKET PRICE ON TH~ DATE REceIVED. THE DIFFERENCE BETWEEN THE CALCULATED GROSS BOOK VALUE AND THE ORIGINAL DETERHINEO COST OF TREASURY SHARES IS CHARG£O IF THE MARK£T VALUE IS LESS THAN COST~ AND CREDITED IF THE MARKET VALUE IS IN EXCESS OF COST, TO A PROVISION FOR VALUATION SUB- ACCOUNT UNOER THIS ACCOUNT. - CREDITS FOR OISPOSlTIONS OF TREASURY STOCK AT NET BOOK VALUEe A SU~G4ARY ANALYSIS OF TRANSACTIONS FOR THE YEAR I~1 FOLLOWS: BALANCE JANUARY 1, 1951 1951 TRANSACTIONS BALANC(, DECEMBER 31, 1~1 SHAR[S GROSS PROVISION FOR NET CLASS Or STOCK ~ BOOK VALUE VALUATI,._...~._,_...~ON BOOK VALU¢ COMMON ~25.00 PAR 93,7t3 6,981,899.69 25.16o.53 7,o07,06o.22 93,T13 6,981,899.69 25,16o.53 AI";~O 1
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! 96L10- PAID IN SURPLUS DCCrJ~R 31, 1~1 THIS ACCOUNT RECORO[O CAPITAL SURPLUS CREAT£O BY R¢OUCTIONS IN PAR VALUE OF CAPITAL STOCK OR EXCESS OF PROC[EOS OF BALE Or CAPITAL STOCK OVER PAR VALUE. TH¢ CR[OIT BALANCE WAS TRANSF¢RR£O TO ACCOUNT No. "97Ll1° EXCESS OF NET PROCEEOS FROM SALE Or ¢O¢.INON "BTOCK OV[R PAR VALUEn AT D£CEHS£R 31w 19'~1. ,'2.99 T;~O-1 02 55687
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97L10- RETAINED rkRNINGS DECEHSER 31, 19'~1 THE CREDIT GALANCC OF THIS ACCOUNT REPRESENTS THE AMOUNT OF PROFIT ACCUHULATEO THROUGH THE OPERATIONS OF THE BUSINESS. A PORTION OF THIS BALANCE IS RESTRICTED AS TO DIVIDEND PAYMENTS AS DETAILED IN THE PRESENTATION OF ACCOUNT NO. ~97L~O- ANOUNT AVAILABLE FOR DIVIDENDS UNDER SECTION ~.06 OF INDENTURE DATED JANUARY 1, 1~8: COVERING TWENTY YEAR ~ DESENTURES DUE JANUARY 10 1~." THE TITLE OF THIS ACCOUNT WAS CHANGED TRON "97L10o EARNED SURPLUSw TO "97L10- RETAINED EARNINGSI AT DECEI4DCR 31, 1~1, A COMPLETE SUNNARY ANALYSIS Or CONSOLIDATED EARNED SURPLUS 18~O TO 1~1 IS INCLUD[D IN TN¢ 1951 SUP- PL[NCNTARY FISCAL BINDER. A CONPLETE ANALYSIS FRON 1890 TO DATE WILL BE INCLUDED IN TN£ 1~ SUPPLENEN- GARY FISCAL SINDER AND AT THE END OF EACH FIVE YEAR KRIOO THEREAFTERe THIS ACCOUNT RECORDS$ 1 - CREDITS FOR DEDITS TO ACCOUNT NO. "812- |NCOt4Em FOR TRANSFER OF THE NET PROFIT EARNED DURING THE YEAR. 2 - DEBITS FORI A- CREDITS TO THE ACCOUNTS LISTED DELO~t, TO TRANSFER THE BALANCES AT THE END OF THE YEAR TO THIS ACCOUNT| No. "97L13- DIVIDENDS PAID ON CONHON STOCKm NO. "9~L18- DIVIDENDS PAID ON PREFERRED STOCK" A SUNNARV ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1 FOLLOWS: CR[OIT BALANC¢ JANUARY 1, 1951 Aool NET EARNINGS FOR THE Y¢AR 1~1 BEFORE DIVIDENDS LESSZ DIVIDENDS DECLARED IN 1951, PAID OR PAYASL£ IN CASHI ON PREF£RREO STOCK ON CONMON STOCK CREDIT BALANCE, DECEI'~BER 31, 19~1 9~o785,361.30 12~,&::)2,618.59 3,161,982.oo 21.51 ~.7OO100 21;,675,~2.OO 100,126~9~6.59 $00 AI":~O 1 02556BB
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<)7L13- DIV|DENDS PAID ON COHHON STOCK DECEHBER 31, 1~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESCNTS THE AMOUNT Or DIVIDENDS DECLARED DURING THE YEAR OH OUTSTANDING COt4MOH STOCKp EXCLUSIVE OF TREASURY STOCKo THIS ACCOUNT RECORDS: 1 - DEBITS FOR CREDITS TO ACCOUhT NOB R~OLL~O- CONHON STOCK DIVIDENDS PAYABLE" COVERING DIVIDENDS ON C Ot~<ON STOCK DECLARED BY THE BOARD Or DIRECTORS. 2 - CREDIT FOR TRANSFER OF D¢SIT BALANCE AT END OF YEAR TO ACCOUNT NOB "97L1~" RETAINED EARNINGSam AN ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLO%/S| PAR VALUE OUTSTANDINO DIVIDENDS EXCLUDING ON EACH DATE STOCKHOLDERS DIVIDEND TREASURY 25.00 PAR D¢¢LARE OD or RECORD ~ NUt4BER STOCK VALU[ JANUARY 30 FEBRUARY 9 ~ARCH 2 182 134,460~625,00 1,T5 APRIL 24 HAY 10 JUNE 1 183 134,460,625.O0 .75 JULY 31 At~USY 10 SEPTENBER I 181; 13h,460,625,00 .75 OCTOBER 31 NOVEMBER 9 DECEMBER 1 185 13~,460,62~.00 -75 DEBIT BALANCE TRANSFERRED TO ACCOUNT NO, "97L10- RETAINED EARNINOS| AT D¢CCHBCR 31, 1950 )~.IOUNT PAID 9,~1z,243.75 ~,o33,818.T5 b,o33,818.T5 4,o~.818.75 1 51~ 700 OO DETAILS Or CoH;qON STOCK O~TSTANDINGB EXCLUDING TREASURY STO~K PAR VAkU[ PER SHARE FEBRUARy 25.00 134,3o4 ,o75.oo 50.00 139,650.00 100.00 16,900,00 ] ~.~6o,625.oo ST~>CRHOLDERS Or RECORD . 1951 HAY I~0 AUGUST 10 NOVENBCR..~. 13zG 3c~ ,o75 .oo 13~. 3o7,225. DO 13h, 3o7.225. DO 139,650.oo 136,5oo.oo 136,5oo.oo _ 16,9oo.oo __ 16.9oo..oo 16.9oo.oo 13~,460,625.00 I~.46o. 625.o0 , ~ 3~,~6o,625,oo FEBRUARY 10 25.oo 134,z68,775.oo 50.00 169°950°00 1C0.00 ~_ El ,900.00 ,, 13~.460,625.00 1 950 MAY 10 ~ NOVEMBER 10 13~,282,375.oo 13%,~"~3,275.oo 13b,3oo,925.oo I~6,35o,oo I~5,45o.oo I~2,8oo.oo 21.9OO.OO . 21,9OO.00 _ 16,0OO.00 201 ....... R T;~O "l 0255689
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~7L18- DIVIDCNDS PAID ON PREFERRED STOCK DECEMBER 31, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AJ4OUNT OF DIVIDENDS DECLARED BY THE BOARD Or DIRECTORS DURING THE YEAR ON ~ C Ut4ULATIVE PREFERRED STOCK. THIS A~COUNT RECORD3| 1 - DEBITS FOR CREDITS TO ACCOUNT NO. #30L10° PREFERRED STOCK DIVIDENDS PAYABLEu COVERING DIVIDENDS DECLARED BY THE BOARD OF DIRECTORS ON ~ CUMULATIVE PRE- FERRED STOCK, ENTRIES ARE MADE IN MONTH IN Wtt|CH DIVIDENDS ARE DECLARED, 2 - CREDIT FOR TRANSFER OF DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO. "97L10° RETAINED EARNINGS,fl AN ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1 FOLL~S| DATE STOCKHOLDERS DIVIDEND PAR VALUE DIVIDEND DECLARED : OF RECORD DATE PAID NUt,~ER ~OUTSTANDING PER SNARE FEBRUARY 27 HARC. 9 APRIL 2 186 52,6~,7OO.OO 1.50 HAY 29 JUNE 8 JULY 2 187 ~2,~,700.00 1.50 AueusT 28 SEeTENeER 10 OCTODCR 1 188 52,699,700.OO 1.50 NOVEnER 27 D[CE.S[R 10 JANUARY 2, 1952 189 52,6~),700.00 1.50 DEBIT BALANCE TRANSF'ERREO TO ACCOUNT NO. "97L10- RETAINED EARNINGS*1 AT DECEHBER 31 • 1~1 ANOUNT PA t__,._2_O 790,1~.50 79o,~9%5o 79o,~9%.5o _ .790.~.~
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f - C)TL&:)- AMOUNT AVAILABLE FOR DIVIDENDS UNDER SECTION h.O4~ OF INDENTURE DATED JANUARY 1. 19J18, COVERING T~ENTY YEAR 3% DEBENTURES DUE JANUARY 1, 19~ DECEI4iER 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF RETAINED SURPLUS WHICH IS NOT RESTRICTED AS TO O|V|DENDS UNDER THE PROVISIONS OF SECTION ~e~ OF THE INDENTURE DATED JANUARY 1~ 19~8e CASH DIVIDENDS ON COHHON STOCK HAY NOT EXCEED BY MORE THAN ~15,00OwCOO THE DIFFERENCE BETWEEN (A) CON- SOL|DATED NET INCOME SUBSEQUENT TO DECEMBER 31~ 19~ AND (B) THE A~REGAT[ Or ALL SUIHS THEREAFTER PAID AS DIVIDENDS AND IN THE REACQUtSITION or SHARES OF THE COHPANY. THE BALANCE OF THIS ACCOUNT AND EACH ENTRY IN THIS ACCOUNT IS FULLY OFFSET IN ACCOUNT NO. "~L81- OFFSET TO AMOUNT AVAILABLE FOR DIVIDENDS UNDER SECTION ~.0~ OF INDENTUre DATED JANUARY 1p 1~8, COVERING TWENTY YEAR ~ DEBENTURES DUE JANUARY lp 1~.# THIS ACCOUNT RECORDSI 1 - CREDITS FOR: A- THE AMOUNT OF ~1~,OOOoOOO.OO RECORDED IN 19~8 AS PROVIO¢O BY SECTION ~.O~ OF THE INDENTURE. B- HONTHLY CONSOLIDATED NET INCOHE. - DEBITS FOR: A- AMOUNTS OF DIVIDENDS DECLARED ON THE PREFERRED AND COHMON STOCKS OF THE CONPA'NYo B- AHOUNTS EXPENDED IN REACQUISITION Or ~HARES OF THE COHPANY. THE CREDIT BALANCE AT DECEHBER 31, 1~51 IS ¢OHPOSEO OF THE FOLLOWING: AMOUNT INITIALLY PROVIDED BY THE INDEN TURE~ RECORDED IN JANUARY 19h8 15,000,0OO.00 ADD " CONSOLIDATED NET IHCOHE FOR THE YEARS ENDED: DECemBER ~1, 19h8 DECEMBER 3I, 19~9 DECEMBER 31, 1~0 DECEMBER ~1, 19~1 ~3.9;2.2o4.D ~5.675.15~.o? hl,732,716.59 33.1o9.668~79 DEDUCT " DIVIDENDS DECLARED FOR THE yEARS ENDED: DECENBER 31, 19~8 PREFERRED STOCK 3,161 ,~2.00 COMMON STOCK lh,375,~30.75 COMMON B STOCK 5,793,~1.50 D~CE.eER 31, 19~9 PREFERRED SVOCK 3,161 ,~2.00 CO#4MON STOCK 21 ,~13,7OO.00 DECEMSER 31, 19~0 PR¢FERR£O STOCK 3,161,~2,00 COMMON STOCK 21,513,700.OO DECEMBER 31, ~1 PREFERRED STOCK 3,161 ,~2.00 COMMON STOCK 21±~1~.7OO,,OO CREDIT BALANCE, DECEMBER ~1, 1~51 303 Rl':gO1 02556.'9. 1
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97L81- OFFSET TO AHOUNT AVAILA3LE FOR DIVIDENDS UNDER SECTION 4,06 OF INDENTURE DATED JANUARY 1, 19118, COVERING TWENTY YEAR ~ DEBENTURES DUE JANUARY 1, 19~ DECEI.E~R ~1, 19"~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS A fULL orFSET TO THE CREDIT BALANCE IN ACCOUNT NO, f197L~- AMOUNT AVAILABLE FOR DIVIDENDS UNDER SECTION 4=0~ Or INDENTURE DATED JANUARY 1, 1948o COVERING TWENTY YEAR ~ DEBENTURES DUE JANUARY 1, 19(~ex EACH ENTRY TO ACCOUNT NO, 97L80 IS orrsET BY AN ENTRY TO THIS ACCOUNTs THIS ACCOUNT RECORDS| 1 - DEBITS FOR: A- THE AMOUNT OF $15,000#000e00 RCCORD[D IN 19~ AS PROV|DEO BY SECTION 4=0~ OF THE SNDENTUREI B- MONTHLY CONSOLIDATED NET INCOMEs 2 - CREDITS FOR: A" AMOUNTS OF DIVIDENDS DECLARED ON THE PREFERRED AND COMMON STOCKS OF THE COf4PANYe B- AMOUNTS EXPENDED IN REACQUISITIDN Or SHARES OF THE CONPANYe THE DEBIT BALANCE AT DECEMBER 31, 1~1 IS COMPOSED or THE FOLLOWING: AMOUNT INITIALLY PROVIDED BY THE INDENTURE, RECORDED IN JANUARY 1948 ADD ° CONSOLIDATED NET INCOME FOR THE YEARS ENDED: DECEMBER 31, 1948 OEczMeZa 31, 1949 DECEMDER 31, 1950 DECEMBER ~1, 1~F~1 43,912,2o4.31 45,675,154.o7 41,732,716.59 DEDUCT - DIVIDENDS DECLARED fOR THE YEARS ENDED: DECEMBER 31, 1948 DEEEMeER 31, 1949 DECEMBER 31, 1950 DECEHDER ~1, 195t DEelT BALANCE, DEC¢NBER 31, 1951 23,331,074.25 24.675,682.00 24,675,682.00 15 o000o000.00 97, %8.120.25 RI~O1
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"~)O,3- SALES TO CUSTOHERS - LEAF 1951 THE CRtDIT BALANCE OF THIS ACCOUNT RECORDS THE AMOUNT Or SALES OF L~AF TOBACCO TO CUSTOMERS, THIS ACCOUNT RECORDS: 1 - CREDITS FOR THE ACTUAL BALE PRICE OF LCAF TOBACCO 3OLD TO OUTSIDERS, 2 - D[OITS FOR TRANSFER OF CRED|T BALANCE AT THE END OF TH( Y~AR TO ACCOUNT Hoe "812- INCOHE." A SUF34ARY ANALYSIS OF TRANSACTIONS fOR THE YEAR 1~1 fOLLOWS: 81000 POUNDS Or CUT TOBACCO SOLO TO 1;).J[ AIHERtCAN ~ACHINE AND FOUNDRY COMPANY SY DURHAM BRANCH CRKOIT BALANCE TRANSFERRED TO ACCOUNT NO. e812- INCOME" AT D~C£MSCR 31, 19~1 ,JOo f:t 1" ~0 1 02 556 .'-) "-"
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610.3- COST OF SALES - LEAF THE DEBIT BALANCE OF THIS ACCOUNT RECORDS THE COST or LEAF TOBACCO BOLD TO CUSTOHERSe THIS ACCOUNT RECORDS: I - DEBITS FOR THE COST OF LEAF TOBACCO SOLO TO OUTSIDERS, 2 - CREDIT FOR TRANSFER Or THE DEBIT BALANCE AT THE END OF YEAR TO ACCOUNT NO. "812- INCOt4[." A BUN~IARY'ANALYB IS Or TRANSACTIONS FOR THE YEAR 19~1 FOLLOW: 8pO00 POUNDS Or CUT TOBACCO SOLO TO THE AMERICAN MACHINE AND FOUNDRY COHPANY BY DURHAH BRANCH DEBIT BALANCE TRANSFERRED TO ACCOUNT NO. "~12- INCON[" AT DECEMBER 31, 1951 ~06
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(;~O,1- SALVAGE AND EXPENSE - RETURNED GOODS - CIGARETTES, SHOKING+ ETC. 19'jl THIS ACCOUNT RECORDS THE SALVAGE REALIZED ON UNSALABLE FINISHED GOODSs OTHER THAN CIGARS. RETURNED FROH THE TRAD[ AND EXPENSES ON BOTH SALABLE AND UNSALABLE RETURNED GOODSe THE NET BALANCE OF THIS ACCOUNT iN IrrEcT ACTS AS AH ADJUSTNENT OF COSTS INCLUDED IN ACCOUNT NO. "610.1- CO, IT OF SALES - CtGARETTES~ 814OKING. £TC.pn APPLICABLE TO THE ORIGINAL SALE TO CUSTONERSa fOR SALVAGE AND EXPENSE IN CONNECTION WITH FINISHED GOODS DA~GED AT BRANCHESI VANEHOUSES. [TC.. OR APPLICABLE TO SALABLE GOODS t~HICH HAVE BEEN REI~JRNEO FOR CERTAIN SPECIAL REASONS AND ARE THEN TAKEN FRON STOCK FOR REWORKING OR SALVAGE. SEE ACCOUNT NO. n~51.1- SALVAGE AND EXPENSE - GOODS REWORKEO~ DESTROYED. ETC. " CIGARETT£Sw BHOKING. £TC.N THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A-- CREDITS FROM BRANCHES ON F.F. 2~ ro~ THE REDENPTION VALUE Or REVENUE ST~J4PS ATTACHED TO UNSALABLE GOOOS~ OTHER THAN FLOOD LOSS MERCHANDISE. RETURNED FROF( THE TRADE. ~ORRESPONOING CNAR~$ ARE MADE ON BRANCH BOOKS TO ACCOUNT HO. 127A~~- UNSALABLE F|NISHED GO~OB.~ AS SNO~N ON BRANCH FACTORY FOR~4~ ~1-~. COLUMN 7 • B- CREDITS FROM BRANCHES ON F.~+ ~ FO~ TH~ VALUE OF REVENUE STAHp CLAIMS FILED ON GOODS REWORK£D OK DESTRDTEO~ APPLJEABLE TO GOODS TAKEN FROM 8T~K AND RE- WORKED OK SALVAGEOI UNSALABLE GOODS RETURNED ST ¢USTOt4ERS AND SALVAG£O FOR OUR O~ ACCOUNTp UNSALABLE GOODS RETURNED BY TRANSPORTATION COMPANIES AND SALVAGED FOR THEIR ACCOUNTI PRIVATE BRANDS RETURNED AND SALVAGED FOR THE ACCOUNT DF THE CUSTONERa AND UNSAI.ABLE FLOOD LOSS MERCH-AHDISE RETURNED FROM THE TRADE AND SALVAGED FOR OUR O~T4 ACCOUNT+ CORRESPONDING CHARGES ARE MADE ON NEV YORK OFFICE BOOKS TO ACCOUNT NO. "21A~0- iNTERNAL REVENUE STAMP CLAIt45tw RESULTING FRO~4 CHARGES FROiq BRANCHES ON F.F. 1~ FOR TRANSFER OF REVENUE STAHP CLA|NS TO NEW YORK OFFICE FOR COLLECTION. AS SNO~N ON BRANCH FACTORY FO~M$ 31-~, COLUHN 13. C- CREDITS FROM BRANCHES ON FoFe 2~ FOR THE ACTUAL SALVAGE VALUE OF TOBACCO. CASING. WRAPPING MATERIAL AND C|O~ARETT( BOOKS (LESS LABOR AND MATERIAL COST OF RENAHDLING)SALVAGEO FROt4 REWORKED UNSALABLE GOODS= (1J RETURNED FROM THE TRADEr OTH£R THAN FLOOD LOSS MERCHANDISE (2) RETURNED FROM BALES~N (~) RETURNED BY TRANSPORTATION COMPAN|($ (FOR REVENU[ STAHP SALVAGE FOR THEIR ACCOUNT) (~) RETURNED WITHOUT IDENTIFICATION (~) RETURNED BY OTHER COMPANIES. FOR ~ICH THE GOODS ~ERE MANUFACTURED (~) TAKEN FROt4 STOCKj BUT HANUFACTUR£O FOR AND BIL~ED TO O~HER CDNPAN|ESI ON WHICH GOODS THE NE~ YORK OFFICE OEPARTNENT OF ~ANUFACTURE IN~ BTRUCTEO THAT THE OTHER CONPAHY VAS NOT TO BE CREDITED FOR VALUE OF TOBACCO SALVAGED D- CREDITS FROM BRANCHES ON F.F. ~1-1 rOe AMOUNTS REALIZED ON SA~E Or RE~JRNEO UNSALABLE GOODS ~ LESS CHARGES BY OUli~AM BRANCH ON ~eF. ~I-~ FOR ALLOUANCES BY DURHAH BRANCH ~ERVICE DEPARTMENT FOR TRANSPORTATION CHARGES AND CITY AND STATE TAX STAMps ON BOTH SALAGLE AND UNSALABLE SALEGMENIS RETURNED GOOOSe THE CREDITS ARE OFFSET GY CORE[SPONGING CHARGES TO ~CCOUNT NO. "I~AIO- ACCOUNTS RECEIVABLE - C~TONERB~ OR TO BRANCH ACCOUNTS. THE DURHAH ~RANCH CHARGES ARE OFFSET BT CORRESPONDING CREDITS TO ACCOUWT NO. n27A~)- SALES~qEN~S RETURNED GOODSfl ON NE~ YORK OFFICE BOOKS. R[SULTING FROM CREDITS FROM DURHAH BRANCH ON F.F. ~1-1. (CONTINUED) i P,.O~
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fi • 650.1- SALVAGE AND £XPgNS[ - RETURNED G(X~OS - ClG~Rt[TTI[S, SMOKING, rTC, 195~ pAGE 2 [- MISCELLANEOUS CREDITS MOT CLASSIFIABLE UNDER ANY OF THE FOREGOING DESCRIPTIONS. F- TRANSFER OF DEBIT BALANCE AT END or VICAR TO ACCOUNT NOB "812- INCOME.I 2 - DEBITS FOR$ A" CHARGES FROM BRANCHES ON N.Y.O. 60, I|NTERNAL CHARGE MEMORANDUHw~ AND OTHER CHARGES FOR FREIGHT. CARTAGE AND INSURANCE PAID ON l~lE RETURN FROH TM[ YRAD£ or BOTH SALABLE AND UNSALABLE GOOOSj OTHER THAN FLOOD LOSS HERCHANDISEe B- CHARGES FROM BRANCHES ON ~t~l 1 3 FOR THE REDEMPTION VALUE or REVENUE STAMPS ATTACHED TO GOODS TAKEN FROM STOCK AND REWORKED OR SALVAGED, UNSALABLE GOODS RETURNED BY CUSTOMERS AND SALVAGED FOR OUR OWN ACCOUNTw UNSALABLE GO~DB R[* TURNED BY TRANSPORTATION COMPANIES AND SALVAGED FOR THEIR ACCOUNTw PRIVATE BRANDS RETURNED AND SALVAGED FOR THE ACCOUNT OF THE CUSTOMER, AND UNSALABLE FLOOD LOSS MERCHANDISE RETURNED FROG4 THE TRADE AND SALVAGED FOR OUR OWN ACCOUNT~ APPLICABLE TO: (1) GOODS REWORKED OR DESTROYED FOR WHICH REV[NUE STAMP CLAIMS Wl[RE FILED (2) GOODS SOLO TO EHPLOYEESj ETCt OR OTHERWISE DISPOSED or FOR WHICH REVENUE STAMP CLAIMS ~lq[RE NOT FILEDe CORRESPONDING CREDITS ARE MADE ON BRANCH BOOKS TO ACCOUNT NO. "27A~- UN- SALABLE FINISHED GOODS.n C- CHARGES FROM BURHAN BRANCH FOR ALL EXPENSES OF OPERATING THE DURHAN BRANCH SERVICE OEPARTHENTe D- CHARGES BY BRANCHES ON F.F. 31-2~ FOR COST OF SAHPLE MERCHANDISE RETURNED IN DEFECTIVE CONDITIONp COSY OF GOODS SNIPPED TO REPLACE DEFECTIVE MERCHANDISEs OR COST OF OTHER MISCELLANEOUS SHIPI4CMTS. C" CHARGES BY BRANCHES FOR LABOR AND ~RAPPING NATERIAL USED ON GOOD STOCK RE- TURNED TO CUSTOMERS BUT NOT DEDUCTED FROM CREDITS TO CUSTOHERS. F- MISCELLANEOUS CHARGES NOT CLASSIFIABLE UNDER ANY OF THE FOREGOING DESCRIPTIONS. G- TRANSFER OF CREDIT BALANCE AT END OF YEAR TO ACCOUNT NO. "812- INCOME.a A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1 FOLLOWS: (CONTINUED) 1 o -1
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4~ 6~0.1- SALVAGE AND EXPENSE - RET~O GOOOS - CIGARETTES, SHOKING, I[TC. 19']1 PAGE REDEMPTION VALUE OF REVENUE ST~J~PB ATTACHED TO UNSALABLE GOOOBp OTHER THAN FLOOD LOBB HERCHAND|SEm RETURH[O FROH THE TRADE. ACTUAL SALVAGE VALUE REALIZED FROM REWORKED UNSALABLE GOODS RETURNED FROH THE TRADE, OTHER THAN FLOOD LOSS HERCHAHDIS[, GOODS RETURNED FROM SALEBHEN; GOODS RE- TURNED BY TRANSPORTATION C Ot4PANIES (FOR REVENUE STAMP SALVAGE FOR THEIR ACCOUNT); GGODS RETURNED VITHOUT IDENTIFICATION; GOODS RETURNED BY OTHER COMPANIES FOR WHICH THE GOODS VER[ MANUFACTURED; OR GOODS YAK£N FROH BTOCKj BUT HANUFACTURED FOR AND BILLED TO OTHER COId- PANIES, ON WHICH GOODS THE NEW YORK OFFICE DEPARTMENT OF MANUFACTURE INSTRUCTED THAT THE OTHER COMPANY WAS NOT TO BE CREDITED FOR THE VALUE OF TOeACCO SALVAGED. TOBACCO AND CASING, LESS LABOR AND HATERIAL COST OF REHANDLING TOTAL CREDITS LESS: ALLO~/AHCE$ BY DURHAH SERVICE DEPARTMENT FOR TRANS- PORTATION CHARGEB AND CITY AND STATE TAX STAMPS OH BOTH SALABLE AND UNSALABLE SALESHENI$ RETURNED GOOOSp LESS AMOUNTS REALIZED ON SALE OF RETURNED UNSALABLE GOODS ~REIGHTp CARTAGE AND INSURANCE PAID ON THE RETURN FROM THE TRADE OF BOTH SALABLE AND UNSALABLE GOODS OTHER THAN FLOOD LOBS HERCNANDISE REDEMPTION VALUE OF REVENUE STAMPS ATTACHED TO GOODB TAKEN FROH STOCK AND R[WORKEO OR SALVAGED, UNBALABLE GOOOB RETURNED BY CUSTOMERS AND BALVAG£D FOR OUR OWN ACCOUHT, UNSALABLE GOOOB RETURNED BY TRANSPORTATION COMPANIES AND SALVAGED FOR THEIR ACCOUNT, PRIVATE BRANDS RETURNED AND SALVAGED FOR THE ACCOUNT OF THE ¢UBTON~R, AND UN- SALABLE FLOOD LOSS HERCNANO|SE RETURNED FRO44 THE TRADE AND SALVAGED FOR OUR OWN ACCOUNT, APPLICABLE TO GOODS REWORKEO OR DESTROYED FOR WHICH REVENUE STAMP CLAIMS WERE FILED AND TOGOOOSBOLO TO {HPLOYEEBm ETC. OR OTHERWIBE DISPOSED ~ WHICH REVENUE STAMP CLAIMS WERE NOT FILED LESS| AHOUNT OF REVENUE STAMP CLAIMS FILEO THEREON REVENUE STAMP VALUES APPLICABLE TO GOODS SOLO TO EMPLOYEESp ETC.p GOODS BESTROY[D OH AUTHORITY OF 8RANCH MANAGERSI ANG QOOOB DISPOSED OF FOR WHICH REVENUE STAHP CI.AIHB COULD NOT BE FILED BECAUSE BTANPB tiff[RE (Nr SERIES NUMBERS ~hllCH COULD NOT BE REDEEMED 5,22~.78 2,121.9~ 92.23 ~,2~9.60 (CONT,N~O) rll'MO I
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~O.1° SALVAGE AND EXP1ENSE - RETURNED GO00S - CIGARETTES, SMOKING, ETC. 1951 PA~E ~XP[N$[$ OF OPERATING DURHAM SERVICE DEPARTIqENT: t ~Boa 3o,656.6i ¢LtB ICAL 1 ~ ,~)1.31 OEPRE¢IATION ON BUILDING ~2~.~0 OEPRCCIAT|ON ON [QU|PMENT 182.10 TAX~S oN BUlLOINO AND EeUI~ENT 132.~ |NSURANC[ ON BUILDING AND £QUIPMENT ~-7~ TELePhoNE 23.B5 STOCX INSUeA"CE 20.79 FIRE PROTECTION 8.89 MCOtCAL ~XPENSE T5~.50 STATIONEBY 151.~ RETIREMtNT eEN(FITS 557.h9 WATCa 27.82" VORX.CNIS CO.PC.SATION 59.b6 MIBCELbAN(OU$ SUPPLIES 100.~ LIQ~IT AND PO~/I~R ~.~2 MECHANICAL DEPARTMENT EXPENSE 179.93 RATIONS h79~T~ TELETYPE So*vicE 29.~ ~ACTORY VACATION HOLIDAY AND RELATED 5HUTDO~'N EXPENSE - OVERHEAD .IT VRAPPING HATCR|ALS 37e~) REPAIRS TO BUaLOINO 1~.~ COST OF SAIMPL( MERCHANDISE RETURNED IN DEFECTIVE CONDITION LABOR AND ~RAPPING MAT(RIAL USED ON GOOD STO~K RETURNED AN~ R(SHIPPEB TO CUSTOMERS AND COST Or RESTORING RETURNED 0OOO$ TO A SALABL( CONDITION; NOT DEDUCTED FRO~4 CREOITS AMOUNT PAID FOR UNSALABLE MERCHANDISE PICKED UP AND DESTROYED BY SALESNAN IN HONOLULU TOTAL DEBITS DEBIT BALANCE TRANSFERRED TO ACCOUNT NO, "812- INCOME" AT DECtMBEM ~1. 19~1 69.h~ AI'~01 025S~, £R
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~0,2- SALVAGE AND EXI~NS[ - I~TURNED GO~S - C IGARS 1951 THIS ACCOUNT RECORDS THE SALVAGE REALIZED ON U~SALABLE CIGARS RETURN[O FRON THE TRADE AND EXPENSES ON BOTH SALABLE AND UNSALABLE RETURNED CIGARS, THE NET CREDIT BALANCE OF THIS ACCOUNT IN EFFECT ACTS AS A REDUCTION OF COSTS INCLUDED IN ACCOUNT NO, n61 0,2- COST OF SALES - CIGARSpI APPLICABLE TO THE ORIGINAL SALE TO CUSTONERS, FOR SALVAGE AND EXPENSE IN CONNECTION WITH FINISHED GOODS DANAG¢O AT BRANCHES, WAREHOUSESp ETCem OR APPLICABLE TO SALABLE GOODS VHICH HAVE BEEN RCTURNEO PeR CERTAIN SPECIAL REASONS AND ARC THEN TAKEN FROM STOCK FOR REHANDLING OR SALVAGE, S¢¢ ACCOUNT NO, m~1,2- SALVAGE AND EXPENSE - GOODS REVORKED: O¢$TROYED~ ETC, - CIGARS,~ THIS ACCOUNT RECORDS: 1 - CREDITS FORI A- CREDITS FROM BRANCHES DN F.F, 23 FOR THE REDENPTION VALUe OF REVENUE STANPS ATTACHED TO UNSALABLE GOODS, OTHER THAN FLOOD LOSS HE~HANDIS[D RETURNED PROH THE TRADE, CORRESPONDING ¢NAI~3ES ARE NADE ON BRANCH BOOKS TO ACCOUNT No. "27A85- UNSALABLE FINISHED GOODS,B AS SHOVN ON FACTORY FORI4S 31-~: COLUt4H 7. B* CREDITS FRON BRANCHES ON F.~, 23 FOR THE VALUE OF REVENUE STANP ¢LAINS FILED ON CIGARS SALVAGED OR DESTROYED9 APPLICABLE TO GOODS TAK[N FROH STOCK AND REHANDLED OR SALVAGEDm UNSALABLE GOODS R[TURNED BY CUSTONERS AND SALVAGED FOR OUR ~ ACCOUNT~ UNSALABLE GOODS RE TURNED BY TRANSPORTATION CONPAN|[S" AND SALVAGED FOR THEIR ACCOUNT~ AND U~SALABLE FLOOD LOSS MERCHANDISE RETURNED FRON THE TRADE AND SALVAGED FOR OUR OWN ACCOUNT. CORN[BPONDING CHARG[S ARE HAD[ ON NEW YORK OFFICE BOOKS TO ACCOUNT NO. "21A~)- INTERNAL REVENUE STAMP C I.AINS~w RESULTING FROH CHARGES PROD4 BRANCH~S ON F,F, 1 3 FOR TRANSFER OF REVENUE STANP CLAIMS TO HEW YORK 0~rrlC£ FOR COLLECTIONI AS SHO~N ON FACTORY FORNS 31-~, CoLu.~ 13, C- CREDITS FROM BRANCHES ON F,F. 23 FOR THE VALUE~OF ~OOS[ CIGARS AND SECONDS BALYAGED~ LESS LABOR AND NATERIAL COST OF REHANDLING: APPLICABLE TO UNSALABLE GOODS: (1) RETURNED FROM THE TRADEm OTHER THAN FLOOD LOSS MERCHANDISE (2) RETURNED WITHOUT IDENTIFICATION D-- CREDITS FRON BRANCHES ON FtF, ~1-1 FOR ANOUNTS REALIZED ON SALE OF RETURNED UNSALABLE CIGARS, CORRESPONDING CHARGES ARE MADE TO ACCOUNT NO, "I~10- ACCOUNTS RECEIVABLE * CUSTONER$n OR TO BRANCH ACCOUNTB, [~ ~ISCELLANEOUS CREDITS NOT CLASSIFIABLE UNDER ANY OF TH¢ FOREGOING DESCRIPTIONS, 2 " DEBITS FOR: A" CHARGES FROH BRANCHES ON N,Y,O. 60o I|NTERNAL CHARGe ~[NDRANDUHsN AND OTHER CHARGES FOR FREIGHT~ CARTAGE AND INSURANCE PAID ON THE RETURN FROM THE TRADE OF BOTH SALABLE AND UNSALABLE CIGARSs OTHER THAN FLOOD LOSS NERCHAND|SEI (CO"TIHUEO)
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650.2- SALVAGE: AND EXPENSE - RETURNED GOODS - CIGARS 1951 B- CHARGES fRO#4 BRANCHES ON F.F. 13 FOR THE REDEMPTION VALUE OF REVENUE STAHPS ATTACHED TO GOODS TAKEN FROM STOCK AND REHANOL[O OR SALVAGED, UNSALABLE GOODS RETURN£D BY CUSTOMERS AND SALVAG£D FOR OUR O~4H ACCOUNT, UNSALABLE GOODS RE- TURNED BY TRANSPORTATION COMPANIES AND SALVAGED FOR THEIR ACCOUNT, AND UN- SALABLE FLOOD LOSS MERCHANDISE R£TURN[D FROM THE TRADE AND SALVAGED FOR OUR OWN ACCOONT APPLICABLE TO: (1) GOODS REHANDLED OR SALVAGED FOR WHICH REVENUE STAMP CLAIMS WERE fILED (2) GOODS SOLO TO EMPLOYEES. ETC.. OR OTHERVIS[ DISPOSED OF FOR WHICH REVENUE STAMP CLAIMS WERE NOT rILEDo CORRESPONDING CREDITS-ARE MADE ON SRANCH BOOKS TO ACCOONT NO. "2~A85- UN- SALABLE FINISHED GOOOSon Co CHARGES BY BRANCHES OH F°F° 31-28 FOR COST OF SAMPLE M£RCHANDISE RETORNEO IN DEFECTIVE CONDITION, COST OF GOODS SHIPPED TO REPLACE DEFECTIVE H£RCHANDISE, OR COST OF OTHER MISCELLANEOUS SHIPMENTS. D- MISCELLANEOUS CHARGES NOT CLASSIFIABLE UNDER ANY OF THE FOREGOING DESCRIPTIONS. [- TRANSFER OF CREDIT BALANCE AT END OF YEAR TO ACCOUNT NOD "812- INCOME." A SUla~IARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: REDEMPTION VALUE Of R£VENUE STAMPS ATTACHED TO UNSALABLE CIGARS, OTHER THAN FLOOD LOSS MERCHANDISE, RETURNED FROM THE TRADE VALUE OF LOOSE CIGARS AND SECONDS SALVAGED FROM UN" SALABLE GOODS RETURNED FROM THE TRADEj OTHER THAN FLOOD LOSS MERCHANDISE~ OR RETURNED WITHOUT iDENTIFICATION, LESS LABOR AND HATERIAL COST OF REHANDLING° TOTAL CREDITS I LESS: FREIOHTm CARTAGE AND INSURANCE PAID ON THE RETURN FROt4 THE TRADE OF BOTH SALABLE ANO UNSALABLE CIGARS, OTHER THAN FLOOD LOSS MERCHANDISE REDEMPTION VALUE OF REVENUE STAMPS ATTACHED TO GOODS TAKEN FROM STOCK AND R[HANDLED OR SALVAGED, UNSALABLE GOODS RETURNED BY CUSTOMERS AND SALVAGED FOR OUR OWN ACCOUNT; UNSALABLE GOODS RETURNED BY TRANSffOt~TATION COMPANIES AHDSALVAGEO FOR THEIR ACCOUNT; AND UNSALABLE FLOOD LOSS MERCHANDISE RE- TURNED FROM THE TRADE AND SALVAGED FOR OUR O~4N ACCDUNTj APPLICABLE TO GOODS REHANDLEO OR SALVAGED FOR ~dltiCH REVENU[ STAMP CLAIMS WERE FILED AND TO GOODS SOLO TO EMPLOYEES, ETCtw OR OTHERWISE DISPOSEO DF FOR l~tllCM REVENUE STAMP CLAIMS W£RE NOT FILED 9,5~).12 322.79 8,568.89 2G,I ~.94 3~,735.83 (CONTIHUCO) R 1- 0 '1 ,I .~.1_e%¢ 0255P00
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(~0o2- SALVAGE AND EXPENSE - RETURNED GOODS - C IGARS 1951 eAGC 3.__~--- LESS: AMOUNT OF REVENUE STAMP CLAIMS FILED REVENUE STAMP VALUES APPLICABLE TO GOODS SOLD TO EMPLOYEESo [TCop GOODS DESTROYED ON AU*[NORITY OF 8RANCH MANAGERSp AND GOODS DISPOSED Or for ~/HICH REVENUE STAMP CLAIN$ COULD NOT BE FILED BECAUSE STAMPS tJl[RE OF SERIES WHICH COULD HOT mE REDEEIdCD LABOR AND WRAPPING MATERIAL USCO IN RESTORING RETURNED GOODS TO A SALABLE CONDITION COST OF SAMPLE MERCHANDISE RETURS4EO IN DEFECTIVE CONDITION VALUE OF CIGARS DEBTROYCO AFTER BEING REPORTED AS "UNPACKED TO LOOBCj AND R[TURN£D CIGARS SHORT IN INVENTORYN AT CHARLESTON BRANCH CREDIT BALANCE TRANSFERRED TO ACCOIPNT NO, "812- INCOME" AT DECEMBER 31, 1951 1,071.72 • 363.99 -:I "t3 ~ l" ;NO "1 0255;:'01
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6~1.1- SALVAGE AND EXPENSE - GOCOS REWO~KEO~ D£STROY[O~ ETC. - CIGARETTES, SI4OKING, [TC° 1951 THIS ACCOUNT RECORDS THE NET EXPENSE INCURRED IN REHAHDLING# REWORKING OR DESTROYING MANUFACTURED GOODS, OTHER THAN CIGARS: 1e DAMAGED AT BRANCHESp WAREHOUSESs ETC. ~* RETURNED AS SALABLE MERCHANDISE FOl~ CERTAIN SPECIAL REASONSw AND THEN TAKEN FROM STOCK FOR REHANDLINGw RE~ORKING OR SALVAGE. THE NET DEBIT BALANCE OF THIS ACCOUNT IN EFFECT ACTS AS AN ADDITIONAL COST APPLICABLE TO ACCOUNT No, "610ol- COST Or SALES - CIGARETTESD SNOKINGp ETC.I FOR THE NET SALVAGE APPLICABLE TO UNSALABLE MERCHANDISE RETURNED FROM THE TRADE/ AND EXPENSES ON BOTH SALABLE AND UNSALABLE RETURNED GOOOS~ SEE ACCOUNT HO* "~O.1- SALVAGE AND EXPENSE - RETURNED GOODS " CIGARETTESw SNOKING~ ETC.a THIS ACCOUNT RECORDS: 1 - DEGITS FORI A" COST VALUE OF MANUFACTURED GOODS, INCLUDING REVENUE STAMPS AND CITY AND STATE TAX STAMPSp DAMAGED AT BRAHCHES~ WAREHOUSES, [TCep ~ILE CARRIED AS FINISHED GOODS AND TAKEN FROM STOCK FOR REHANOLING~ REWORKING OR SALVAGE, AS SHO~N ON BRANCH FACTORY FORt<S 31-28. CORRESPONDING CREDITS ARE MADE ON NE~ YORK OFFICE BOOKS TO ACCOUNT NOS. N27A10- FINISHED GOODS,m "27A18- INTERNAL REVENUE STAMPS - FINISHED GOODS," "27A~- CIGARETTE BOOKS:w "2~A~O- INTERNAL REVENUE TAX * CIGARETTE BOOKSpn AND n~. TAX STAMPS - OTHER.n ~- COST VALUE OF SALABLE GOOOSp INCLUDING REVENUE STAMPS AND CITY AND STATE TAX STANPSw WHICH HAVE BEEN RETURNED FOR THE FOLLOWING SPECIAL REASONS AND SET UP AS FINISHED GOODS, AND ARE THEN TAKIN FROt4 STOCK FOR REHANDLINGw REWGRKING OR SALVAGE; AS SHOWN ON BRANCH FACTORY FORHS ~1-2B. (]} GOODS RETURNED FROM DISTRIBUTORS WHO ~/[KE OVERSTOCKED IN ANTICIPATION OF INCREASED SALES RESULTING FROM A SELLING OR ADVERTISING CAMPAIGN° (2) GOODs ORDERED RETURNED DUE TO A CHANGE IN PRODUCT OR PACKING. (~) GOODS RETURNED DUE TO A GENERAL ORDER ISSUED BY THE COMPANY FOR RETURN OF DEFECTIVE GOOOSw SUCH AS MERCHANO|S[ WITH FAULTY LABLCSj [TC° CORRESPONDING CREDITS ARE MADE ON N[VYORK OFFICE BOOKS TO ACCOUNT NOB° "2?AIO- FINISHED GOODS~" "27A18- INTERNAL REVENUE STAMPS - FINISHED GOODS,n "2~A~- ClGARCTT£ BOOKS,n ~2~A~O- iNTERNAL REVENUE TAX - CIGARETTE BOOK$~n AND m~I~3- TAX STAMPS -- OTHER.t C- CHARGES FROM BRANCH[$ ON N,Y,O, ~Oa alNTERNAL CHARGE MEMORANDUI4tw AND OTHER CHARGES FOR FRE|GHTI CARTAGE AND INSURANCE PAIOI (1) ON THE RETURN TO BRANCHES OR WAREHOUSES OF SALABLE GOOOSj I~HICH HAVE BEEN RETURNED FOR THE SPECIAL REASONS OUTLINED ASOVEp AND ARE THEN TAKEN FROM STOCK FOR REHANDLINGp REWORKINQ OR SALVAGE° (2) ON GOODS DAMAGED AT BRANCHES. WAN[MOUS[S~ ETC. WHILE CARRIED AS FINISHED GOODS, AND THEN RETURHED FRON WAR[HOUSESO OR TRANSFERRED BETWI[EN BRANCHES FOR REHANDLINQw REWORKING OR SALVABE* (CONTO.UtO) ,'?,.t,1 ~I'MO 1 0255P02
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6~1.1- SALVAGE AND EXPENSE - GOOOS REWOR~O, DESTROYED, ETC. - CIGARETTES, SMOKING, ETC, 1951 PAGE 2 D- CHARGES PROM BRANCHES ON N,¥,O. 60, B|NT[RNAL CHARGE MEMORANDUWIu FOR LABOR AND MATERIAL USED IN REHANDLINGe REWORRING OR SALVAGING 14ANUFACTURED GOODS DAMAGED AT GRANCH£Ss ~AR£HOU$[S~ £TC°, tiN IL£ CARRIED AS FINISHED GOODS~ON SALABLE GOODS RETURNED FOR THE SPECIAL REASONS OUTLINED IN PARAGRAPH 1B ABOV£. [- MISCELLANEOUS DEBITS NOT CLASSIFIABLE UNDER ANT OF THE FOREGO|NG DESCRIPTIONS. 2 - CR[GIT$ FOR: A° CREDITS FROM BRANCHES ON N.Y.O. 10. miNTERHAL CREDIT NEMORAHDUMwx FOR THE ACTUAL SALVAGE VALUE OF TODACCOI CASINGe ~/RAPPING MATERIAL AND CIGARETTE BOOKS GALYAG[O FROM R[WORKED GOODS: (1) DAMAGED AT BRANCHES, WAREHOUSES, [TCep VHILE CARRIED AS FINISHED GOODS, AND TAKEN FROM STOCK FOR REWORRINGe (2) RETURN£D AS SALABLE GOODS FOR THE GPEC|AL REASONS SNO~N IN PARAGRAPH 1B ABOVE# AND THEN TAKEN FRO|4 STOCK FOR REWORKING. ~- CR[DIT$ FROM BRANCHES ON N.Y.O. 10. E|NT[RNAL CREDIT 14EMDRANDUH# FOR THE R[O[MPTiGN VALUE OF REVENUE STAMPS ATTACHED TO: {1) GOODS DAMAGED AT BRANCHESB V~R[HOUS[$t[TC.: VttlL[ CARRIED AS F|NISNEO GOODS, AND TAKEN FROM STOCK FO4t REWORKiNG OR SALVAGE. (2) SALABLE GOODS ~/NiCH HAVE BEEN RETURNED FOR THE SPECIAL R[ASOqS BHO~iN N - PARAGRAPH 1B AGOV[p AND ARE THEN TAKEN FROM STOCK FOR REWORKi NG OR SALVAGE. CORRESPONDING CHARGES ARE MADE ON BRANCH BOORS TO ACCOUNT NO. ~2~- UN- SALABLE FiNiSHED GOOOSp" AS SHOWM ON BRANCH FACTORY FORMS 31-~ COLUMN ~e C- ~iBCELLANEOUS CREDITS NOT CLASSiFiABLE UNDER ANY OF THE FOREGOING DESCRiPT|ONS. D- TRANSFER OF DIGIT BALANCE AT END OF YEAR TO ACCOUNT NOe n~2- |NCOM[.m A SlJMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR ~:~1 FOLLOWS: NET EXPENSE APPLICABLE TO MANUFACTURED GOODS DAMAGED AT BRANCH[$~ WAREHOUS[S~ [TC~p ~IL[ CARRIED AS FINISHED GOOOS~ AND TAKEN FROt4 STOCK FOR REHANDLING, R[WORNING OR SALVAGE: COBT~ INCLUOiNG R£VENU[ STAMPS AHO CITY AND BTAT£ TAX STAMPS LABO~ AND MATERIAL USED BY BRANCHES IN R£HANOLINGp RCWORKING OR SALYAQING FREIGHTj CARTAGE AND INSURANCE PAID ON MERCHANDISE RETURNED TO BRANCHES FROM WAREHOUSES OLD STOCK DESTROYED BY SALESMEN IN HAWAII (CONTINUED) 9,553.2h 37 ,~37 °92 I~:~O 1 ~,.t5 02 _~"" _3 ,"~3
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-i fJ -. (~:~1.1- SALVAGE AND EXPENSE - GOODS RL'W~R~D, DFSTROYEO. ETC. - CIGARETTES, SMOKING, ETC. 1951 LESS ACTUAL SALVAGE REALIZED FROM R[WORKED OR SALVAOEO SOOOS: TOBACCO AND CASING REOEMPTI~ VALUE or REVENUE STAMPS ~RAPPING MATERIAL NET [XP, NS[ IN CONNECTION WITH THE SURSTITUTION Or RIZ LA CROIX FOR GO~e4E: LA CROIX CIGARETTE ROOKS: COST VALUE DERIT BALANCE TRANSFERRED TO ACCOUNT NO, "812- INCOMEa AT DECEMBER 31, 1~1 8,2o7.o8 5,111.67 23,~7.~,3 (1) INCLUDES ~1~,~+5~ DEBIT APPLICABLE TO PALL MALL SPECIAL WAREHOUSE RETURNS FOR VHICM RECEIVED CREDIT MEMORANDUM FROM ALUM INUt4 CORPORATION Or AMERICA DATED FEBRUARY l~w 1952. THIS CREDIT WAS RECORDED IN FEBRUARY 1~2 IN ACCOUNT NO, "711,1- UNDISTRIBUTED tXP£MS£ - ClGA~ETTCRt SMOKING) ETC+n - AI'~OI
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I / • 651,,2- SALVAGE AND EXPENSE - GOGOS REVORI~Dw DESTROYED, ETC, - CIGARS 1951 THIS ACCOUNT RECORDS THE NET EXPENSE INCURRED IN SdEHANDLIHG OR SALVAGING CIGARS: ~e DAMAGED AT BRANCHES, WAREHOUSES, ETCo 2e RETURNED AS SALABLE MERCHANDISE FOR CERTAIN SPECIAL REASONS# AND THEN TAKEN FRO~ STO~R FOR REHANDLING OR SALVAGE. • t THE NET DEBIT BALANCE OF THIS ACCOUNT IS EFFECT ACTS AS AN ADDITIONAL COST APPLICASLE TO ACCOUNT No. n610.2- COST Or SALES - ClaARS." FOR THE NET SALVAGE APPLICABLE TO UNSALABLE CIGARS RETURNED FROM THE TRAOEj AND EXPENSES ON BOTH SALABLE AND UNSALASLC RETURNED CIGARSB SEE ACCOUNT Noe u~Oo2- SALVAGE AND EXPENSE - RETURNED GOODS - CIGARSon THIS ACCOUNT RECORDS: 1 - DEBITS FORZ A- COST VALUE OF CIGARSm INCLUDING REVENUE STAMPS, DAMAGED AT BRANCHESp WARE- HOUSESe ETC.. WHILE CARRIED AS FIN |SHED GOOOSp AND TAKEN FROH STOCK FO~ REHANDLING OR SALVAGE, AS SHOVel ON BRANCH FAC TORY FORMS 31-28. CORRESPONDI~ CREDITS ARE MADE ON NEW YORK OFFICE BOOKS TO ACCOUNT NOS. "27A10- FINISHED GOODSM AND n27A18- INTERNAL REVENtJ8[ STAMPS - FINISHED GOODS°I ~- COST VALUE OF SALABLE CIGARS~ INCLUDING REVENUE STAHPSw AND CITY AND STATE TAX STAMPS~ WHICH HAVE BEEN RETURNIED FOR THE FOLL(~flNG SPECIAL REASONS AND SET UP AS FINISHED GOOOSw AND ARE THEN TAKEN FRO04 STOCK FOR REHAHDLING OR SALVAGEm AS SHO~/N OH BRANCH FACTORY FORHS ~1-28: (1}GOODS RETURNED FROt4 DISTRIBUTORS ~IO~RE OVERSTOCKED IN ANTICIPATION OF INCREASED SALES RESULTING FROM A SELLING OR ADVERTISING CANPAIBNo (2} GOODS OROEREU RETURNED DUE TO A CHANGE IN PRODUCT OR PACKING. (~}GOODS RETURNED DUE TO A GENERAL ORDER ISSUED BY THE COFIPANY FOR RETURN OF DEFECTIVE GOODSp SUCH AS HERCHANDISE WITH FAULTY LABELSj ETC. CORRESPONDING CREDITS ARE MADE ON NL-I# YORK OFFicE BOOKS TO ACCOUNT NOS. f127A10- FINISHED GOODS" AND "27A1~- INTERNAL REVENUE STAMPS - FINISHED GOODS.n C- CHARGES FROM BRANCHES ON NoY,O. 60, I|NTERNAL CHARGE MEMORANOU~jn AND OTHER CHARGES FOR FREIGHTt CARTAGE, AND INSURANCE PAID: (1) ON THE RETURN TO BRANCHES OR WAREHOUSES OF SALABLE GOOOSp ~PdlCH HAVE BEEN RETURNED FOR THE SPECIAL REASONS OUTLINED ABOVCp AND ARE THEN TAKEN FROM STOCK FOR REHANOLING OR SALVAGEo (2) ON GOODS DAHAGED AT BRANCHESp VAREHOIJSESp ETC.~ ~HILE CARRIED AS FINISHED GOOOSm AND THEN RETURNED FROR WAREHOUSES OR TRANSFERRED BE TWI[EN BRANCHES FOR REHANDLIHG OR SALVAGEe (CURT IHUEO) Q f:tT XOI 02_~. _~- ?05
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\ ~:~1.2- SALVAGE AND EXPENSE - GOODS R[W0RI~O, DESTROYED, ETC. - CIGARS D- CHARGES FROM BRANCHES ON H.YeO. ~)0s BiHTERNAL CHARGE NEMORANDU14w FOR LABOR AND HATERIAL USED BY BRANCHES IN REHANOL|NG OR SALVAGING CIGARS DAMAGED AT ~RAHCNESI WA~ENO~SESl ETC., I~flLE CARS|CO AS ~IMISHED GOODSl OR SALABLE GOODS RETURNED FOR THE SPECIAL REASONS OUTLINED IN PARAGRAPH 1B ABOVE. [- MISCELLANEOUS DEBITS NOT CLASSIFIABLE UNDER ANY Or THE FOREGOING DESCRIPTIONS. 2 - CREDITS FORi A- CREDITS F~OM BRANCHES ON N.Y,O. 10, IJNTERNAL CREDIT NENORANDU~4" FOR THE VALUE OF LOOSE CIGARS AND SECONDS SALVAGED FROt4 UNSALABLE GOODS| (1)DAHAQED AT BRANCHE$~ WAREHOUSES, [T¢,I I#HILE CARRIED AS FINISHED GOOOSp AND TAKEN FRO~ STOCK FOR SALVAGE i (2} RETURNED AS SALABLE GOODS FOR THE SPECIAL REASONS SHO~N IN PARAGRAPH 1B ABOVE AND THEN TAKEN FR(~4STOCK FO~ SALVAGE. B- CREDITS FROM BRANCHES ON H.Y.O. 10, WiNTERNAL CREDIT MEMORANDUt4j" FOR THE REDEMPTION VALUE OF REVENUE STAMPS ATTACHED TO: (1) CIGARS DAMAGED AT BRANCHES, VAR[HOUSES, [TC,, WHILE CARRIED AS FINISHED GOQOSm AND TAKEN tROt4 STOCK FOR REHANDLING OR SALVAGE. (2) ~ALABLE CIGARS WHICH NAVE BEEN RETURNED FOR THE SPECIAL REASONS SNOVN IN PARAGRAPH ~ ABOVE! AND ARE THEN TAKEN FROM STOCK FOR REHANOLING O~ SALVAGEe CORRESPONDING CHARGES ARE MADE ON BRANCH BOOKS TO ACCOUNT HO. "~A~- UN- SALABLE FINISHED GOODS~a AS SHOWN ON BRANCH FACTORY FORMS ~1-~1COLUt~N ~* C- ~IBC[LLAN[OUS CREDITS NOT CLASSIFIABL[ UNDER ANY OF THE FOREGOING DESCR|PTiONS. O- TRANSFER OF DEBIT BALANCE AT END OF YI[AR TO ACCOUNT NO. "B12- [NCO~C." A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1 FOLLOWSI LABOR AND MATERIAL USED IN REHANDLINGI NEWORKING AND SALVAGING AT CHARLESTON ~RANCM LABOR R[PACKING EL ROI-TAN GOLFERS IN ~IPPING CONTAINERS DEBIT BALANCE TRANSFERRED TO ACCOUNT NO. 1~12- INCOMEn AT DE¢E.SE~ ~1o 1~1 ,~.1_8 .................... 1 o2 55 'o >
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J -4 66h.1- COl,fllSSlON ON EAF PURCHASES APPLICABLE TO MANUFACTURED STOCK SOLD - CIGARETTES~ SMOKING, ETC. .1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF COHMISSION CHARGED BY JlJ~II[RICAH SUPPLIERS, |NCORPORATEOp ~/111CH I$ APPLICABLE TO LEAF IN OTHER THAN CIGAR HANUFACTUREO STOCK $OLDe THE BALANCE OF THIS ACCOUNT REPRESENTS A TRUE COST TO THE ~IJ4ERICAN TOBACCO COHPANY AND IS DEDUCTIBLE PROWl TAX- ABLE IHCOMEe THIS ACCOUNT RECORDS: 1 - DEBITS FOR MONTHLY CREDITS TO ACCOUNT NO. "27A35- CO~141SSlOH ON LEAF PURCHASES APPLICABLE TO FINISHED GOODS~ COVERING THE AHOUNT OF C(~t41SSlONS OF AHERICAN SUPPLIERS~ |NCORPORATED, APPLICABLE TO OTHER THAN CIGAR MANUFACTURED STOCK SOLD. 2 " CREDITS FOR: A" CREDITS FROM OTHER THAN CIGAR 8RANCHES COVERING COMMISSIONS ON LEAF PURCHASES APPL|CABLE TO RETURNED GOODS REWONKED. Bo TRANSFER OF DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO. "812- INCOME.~ A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 19~1 FOLLOWS: PORTION-OF AMERICAN SUPPLIERS, INCORPORATED~ COMMISSIONS APPLICABLE TO THE FOLLOWING MANUFACTURED STOCK SOLOS BLENDED ClGARETTEB - OTHER THAN PALL MALL BLENDED PALL MALL CIGARETTES SMOKING TOBACCO PLUG AND TVlST TO6ACCO ~[BIT BALANCE TRANSFCRREO TO ACCOUNT NO, "812- INCOME" AT DECEMBER 31, 1951 2,213,977.7o 875,~.82 72,o27.61 7,0~.67 3,~ 68.6~9.8o i. .... ATXOl
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/ 6(>)1.2- COH41SSION ON LEAF PURCHASES APPLICABLE TO HANUFACTURF-.O STOCK SOLD - CIGARS 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF CON~41BSIOH CHARGED BY AHERICAN SUPPLJ[RSw iNCORPORATED, AND THE HATHEWAY-ST(AN[ CORPORAT|ONp b/NICH IS APPLICABLE TO LEAf IN CIGARS SOLD. THE BALANCE Of THIS ACCOUNT REPRESENTS A TRUE COST TO THE AMERICAN TOBACCO COMPANY ALONE AND IS DEDUCTIBLE FROM TAXABLE INCOt4E. THIS ACCOUNT RECORDS: - 0EBITS POR MONTHLY CREDITS TO ACCOUNT NO. "27A35- COHHISSIOH ON LEAr PURCHASES APPLICABLE TO FINISHED GOOOSNCOVERING A#4ERICAN SUPPLI[RSw iNCORPORATED, AND THE HATHEWAY*~TEANE CORPORATION CO~D41SSIONS APPLICABLE TO LEAF IN MANUFACTURED CIGAR PRODUCTS SOLO DURING HONTH, - CREDITS FOR: A- CREDITS rROH CIGAR BRANCHES COVER|NG C O~941SSION ON LEAr PURCHASES APPLICABLE TO RETURNED GOODS. B- TRANSFER OF DEBIT BALANCE AT END O4r YEAR TO ACCOUNT NO, "812- INCOME." A SUI~ARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: AMOUNT OF AN[R|CAN ~UPPLIERS, INCORPORATED AND THE HATH£WAY'STCANE CORPORATION COt441SSIONS APPLICABLE TO CIGARS SOLO DURING 1951 DESIT BALANCE TRANSFERRED TO ACCOUNT NO. "812" 1NC0~£," AT DECEMBER 31, 1951 2,20 R'I'~01 025SP08
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_. ; ] I '6~- DOUBTFUL ACCOUNTS AND BILLS WRI'rI'EN OFF 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE EXCESS OF CURRENT YEAR CHARGE orrs Or UNCOLLECTIBLE TRADE AND OTHER ACCOUNTS AND BILLS RECEIVABLE OVER COLLECTIONS OF SIMILAR ITEMS PREVIOUSLY CHARGED OFF, THIS ACCOUNT RECORDS: - DEBITS FOR CREDITS TO ACCOUNT NO, m1~1~3~- PROVISION FOR DOUBTFUL ACCOUNTS RECEIVABLE - CUSTOCdERS" AND/OR ACCOUNT NO, "20A~° PROVISION FOR DOUBTFUL ACCOUNTS - OTHERS" FOR THE MONTHLY EXCESS OF THE CHARGE OFF or ACCOUNTS AND BILLS RECEIVABLE CONSIDERED UN- COLLECTIBLE OVER COLLECTION OF SUCH ITEMS PREVIOUSLY CHARGED OFF, THE DETAILS OF THIS EXCESS ARE REPORTED AND APPROVED BY THE CREDIT DEPARTHENT, 2 - CREDITS FOR: A- DEBITS TO ACCOUNT NO. "1~A3~- PROVISION FOR DOUBTFUL ACCOUNTS RECEIVABLE - CUSTOMERSff AND/OR ACCOUNT No, "L>OA36- PROVISION FOR DOUBTFUL ACCOUNTS RECEIVABLE - OTHERSa FOR THE HONTHLY EXCESS OF COLLECTIONS OF ACCOUNTS AND BILLS RECEIVABLE PREVIOUSLY CHARGED OFF OVER THE TOTAL AMOUNT OF ACCOUNTS AND BILLS RECEIVABLE CHARGED OFF DURING THE CURRENT MONTH. B- TRANSFER OF THE DEBIT BALANCE AT YEAR END TO ACCOUNT NO, e812- INCOHE,n A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR !~1 FOLLOVS: |TENS WHICH BECAHE DOUBTFUL OF COLLECTION DURING YEAR: ACCOUNTS RECEIVABLE - CUSTOHERS: DOMESTIC ACCOUNTS 3~,~07.93 EXPORT ACCOUNTS 123,1~ *OTH E R 9~, 9~2. ~1 LESS: COLLECTIONS MADE IN THE CURRENT YEAR OF ITEMS CHARGED OFF IN THE CURRENT TEAR OR IN PRIOR YEARS: ACCOUNTS RECEIVABLE " CUSTOMERS: DOMESTIC ACCOUNTS ~XPORT ACCOUNTS ACCOUNTS RECEIVABLE - OTHERS DEBIT BALANCE TRANSFERRED TO ACCOUNT NO. "812- INCOIdE" AT DECENOER 31, 131 19,0~.0~ 972.4h 133,~63.78 BAPPLICABL[ TO SALE OF ACCOUNTS RECEIVABLE FROM SOt lET{ ANONYHE DES PAPETERIEB DE IdLItUOUIT TO PETER J, SCNWEiTZER, INC, - R 1 o ! - B2 I 2ss?o
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:r •j "~66- UNCOLI.£CT IBIr ClJ~IHS 1951 THE DEBIT BALANCE or THIS ACCOUNT REPRESENTS THE EXCESS Or CLAIHS CHARGED OfF AS UNCOLLECTIBLE DURING THE CURRENT YEAR FOR WHICH NO RESERVE WAS PROV|O[D, OVER THE COLLECTION OF CLAIHS PRE¥|OUSLY CHARGED OFt, THIS ACCOUNT RECORDS: 1 - DEBITS FOR CREDITS TO THE RECEIVABLE ACCOUNTS INVOLVEO~ "dR ITIHG OFF AS UNCOLLECTISL( THOSE CLAIHS FOR WHICH NO RESERVE WAS PttOYIDEOo 2 - CREDITS FOR: A- AHOUNT COLLECTED ON CLAIMS PREVIOUSLY CHARGED orr. B- TRANSFER Or DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO. "812- INCOME°" AN ANALYSIS Or TRANSACTIONS FOR THE TEAR 131 FOLLOb/S| MONT~H JANUARY MARCH JULY AUGUST VAR I OUS OCTOBER DESCRIPTION CLAIH AGAINST FIDELITY AND CASUALTY COHPANY OF NEW YORK - CANCELED CUSTOt4ERS RAILROAD CLA|N NO. 3336 FILED FOR ALFORD BROTHERS, LAURENCCVILLEj GEORGIA - CANCELED CLAIH AGAINST ERIE RAILROAD - REJECTED CUSTOHERS RAILROAD CLAIH NO. 3~3 FILED FOR CARLTON FLOREY WHOLESALE GROCERY - CANCELED UNCOLLECT|BLE PORTIONS OF REFUNDS CLAIHCO ON RETURNED RAILROAD AND PULLHAN TICKETS BALANCES OF VARIOUS CLAIHS AGAINST CARRIERS ~/HICH WERE NOT COLLECTED PORTION OF CLAIM AGAINST NATIONAL GROCERY COHPANY WRITTEN OFF IN 19~D AS UNCOLLECTIBLE FOR WHICH PAYMENT |N fULL WAS RECEIVED DEBIT BALANCE TRANSFERRED TO ACCOUNT NO. "612- |N COME" AT DECEHBEH 31, 1~51 AHOUN~T 5.00 19.5h 72.D0 2o.74 25.61 .82 r) ¢~¢) 025S;:"10
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.q / l 669- RAILROAD SPUR - DURHAM, NORTH CAROLIHA 1951 THE DEBIT BALAHCC or THiS ACCOUNT REPRESENTS THE TOTAL EXPENSE iNCiDENTAL TO THE RAILROAD SPUR AT DURHAMI NORTH CAROLINA, THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A-- CHARGES FROM DURHAM BRANCH FOR ~AINTEIqLANCE. TAXES AND MISCELLANEOUS EXPENSE RELATIVE TO THE RAILROAD SPUR AT ~dRHAMp NORTH CAROLINA, B- CREDITS TO ACCOUNT NO. "70A20" RESERVE fOR DEPRECIATION OF IHPROV[HENTS TO LANOpn COVERING MONTHLY ACCRUALS OF DEPRECIATION, 2 - CREDITS FOR TRANSFER OF NET DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO, "812- INCON£,H A SUMP4ARY ANALYSIS OF TRANSACTIONS FOR THE TEAR 1951 FOLLOWS: EXPENSES: MAINTENANCE OEPREC|ATIOH TAXES DEBIT BALANCE TRANSFERRED TO ACCOUNT No. "8i2- |NCO,',.~w AT DECEMeER 31, 1951 19,518.o2 ~,426.o8 ,..q23 RT~O'I 0255Pll
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670- INCOHE FROH BRANDS LEASED 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS RENTAL R[CEIV[O fROM AHERICAH CIGARETTE AND CIGAR COMPANY FOR USE OF OUR BRAND NAM£ "PALL M~LLm IN ACCORDANCE WITH TERHS OF CONTRACT DATED OCTOBER 20, 1936. THIS ACCOUNT RECORDS: 1 - CREDITS FOR MONTHLY DEBITS TO ACCOUNT NO. "IOA~O- UNAPPLIED CASH COLL(CTIONSn COVERING COLL[CTIONS FROM AH[RICAN CIGARETT[ AND CIGAR COHPANY FOR LEAS( RENTAL OF OUR BRAND NAN[ "PALLMALL." - DEBITS FOR TRANSFER OF CR£O|T BALANCE AT [ND OF YEAR TO ACCOUNT NOo "812- INCON[,: A SUt~4ARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1 rOLLOVS: CASH COLLECTIONS FRO~4 ,I~([RICAN CIGARETTE AND CIGAR CO~(PANY TRANSFERRED TO ACCOUNT NO. "812- |NCOt4rn AT DECC*.mER 31, 19~1 ~1"X01 32,1
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671.1-O(3SOL[TE MACHIN[ PARTS WI~ITTEN OFF -CIGARETTES, SMOKING, ETC. 19'31 THE DEBIT BALANCE Or THIS ACCOUNT REPRESENTS BOOK VALUE OF MACHINE PARTS APPLICABLE TO ClGARETT£Sj SMOKINGB ETC.i DESTROYED OR CHARGED OFt AS OBSO4L[TE DURING THE YEAR LESS AMOUNTS REALIZED ON THE SALE OF SUCH PARTSo THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- CHARGES FROt4 BRANCHES OR LEAF DEPARTIqENTS COVERING THE BOOK VALUE OF O~SOLETE MACHINE PARTS DESTROYED OR CHARGED OFF AS AUTHORIZED BY THE ASSISTANT AUDITOR AND THE DEPARTMENT OF ~NUFACTUREo B- BILLINGS trot4 MANUFACTURERS FOR MACHINE PARTS DECLARED OBSOLETE BEFORE PURCHASE ORDERS FOR SUCH PARTS WERE FULFILL[Do 2 - CREDITS FORI A- CREDITS FROM BRANCHES OR LEAr DEPARTMENTS FOR THE AMOUNT REALIZED FROM THE SALE OF OSSOLETE HACNINE PARTS CHARGED OFF DURING THE CURRENT YEARe B- TRANSFER OF DEBIT BALANCE AT END Otr YEAR TO ACCOUNT NO. "812- INCOME." A SUI414ARY ANALYSIS OF TRANSACTIONS fOR THE YEAR 1~1 FOLLOWS: BOOK VALUE or OBSOLETE MACHINE PARTS DESTROYED OR CHARGED OFF: DURHAM BRANCH 13.587.37 LOUISVILLE BRANCH 31.~ REIDSVILL£ BRANCH 2,39~.78 RICHHOND LEAF DEPARTMENT 3,38.10 VIRGINIA BRANCH ~8.~ PROCEEDS FREe4 SALES: OURHA. BRANCH 1,237.74 VIRGINIA BRANCH ,DEBIT BALANCE TRANSFERRED TO ACCOUNT NOB "812- INCOME" AT D¢CE.mEn 31. I~'~I 22,73o.27 • r-:,.{ o 1
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671.2- OBS(XJ[TI[ MACHINE PARTS WRITEN OFF - CIGARS THE DEBIT BALAHC£ or "Tills ACCOUNT REPRESENTS BOOK VALUE or MACNIN£ PARTS, APPLICABL£ TO ClGARSp D£STROY[D OR CHARGED OFP AS O6SOL£T£ DURING,~f14£ ~rlCAR L£SS AMOUNTS RtALIZ£O ON TH£ SAL£ OF SUCH PARTSI THIS ACCOUNT RECORDS: I - DCBITS FOR: A- CHARGES FROM BRANCHES OR LEAr D[pA3tTt4[NTS COVERING TH£ BOOK VALUE OF O6SOLIETE MACHINE PARTS DESTROYED ON.CHARG£O OFF AS AUTHOR|Z[D BY THE ASSISTANT AUDITOR AND THE 0[PART/4£NT or ~ANUrACTUR£e B- BILLINGS FROM MANUFACTURERS FOR )4Ar.J41NE PARTS DtCLAR£O OBSOLETE B[rOR£ PURCHAS£ ORD[RS FOR SUCH PARTS W£R[ rULrILLI[Dm 2 - CREDITS roB: A- CREDITS rROH BRANCHES OR LEAF D[PARTN£NTS FOR THE AHOUNT REALIZ£D FRO#4 TH~ SALE OF O83OLET£ HACHINE PARTS CHARGED OFP DURING THE CURRENT YEAR. B- TRANSFER or DEBIT BALANC£ AT THE £ND OF THE YEAR TO ACCOUNT NO! "812- INCOME." A SUMMARY ANALYSIS Or TRANSACTIONS IrORTHE YI[AR1~:~1FOLLOWS: BOOK VALU[ OF OBSOLETE HACHINE PARTS DESTROYED OR CHARGED OFF: CHARLESTON BRAHCH 9,~E0.86 KENTUCKY BRANCH ~TTeO~ PHILADELPHIA BRANCH 13,~91.1 6 SCRANTOH BRANCH O£BIT BALANC~ TRAN~¥£RR£D TO ACCO~JNT NO, "812- INCOME" AT DECEMBER 31, 1~1 A'I ;gO !
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,7/ ~ / THI[ DEBIT OALANC[ OF" THIS AccOUNT R[PRrS[NTS HOYING EXPENSE APPLICABLE TO TH£ CURRENT YEAR. THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- CHARGES FROM VARIOUS BRANCHES FOR [XPtNSES |NCURR[O IN MOVIHO [QUIPHI~NT~ STOCK AHO SUPPLIES TROH ON[ LOCATION TO ANOTHER. 6- TRAVELING EXPENSES INCURRED BY fACTORY EMPLOYEES IN CONNECTION WITH THE SUPERVISION OF ROVING [QU IPH[NTj STOCK AND SUPPLIES FRO/.( ONE LOCATION TO ANOTHER. 2 - CREDITS FOR TRAHSF[R OF DEBIT BALANCE AT END Or YEAR TO ACCOUNT HO. "812- INCOME." THERE WERE NO TRANSACTIONS RECORDED IN THIS ACCO4.PNT DURING 19'~1. 02.557"15
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6711.1- OBSOLETE WRAPPING HATERIAL AND EXPIENSES - CIGARETTES, SI4OKING, ETC. 1951 THIS ACCOUNT RECORDS THE VALUE Or WRAPPING MATERIAL CHARGED OFF AS OBSOLETE OTHER THAN OBSOLETE CIGAR WRAPPING MATERIAL; THE STDRAGEI HANDLING, AND OTHER HXPENSES INCIDENTAL THERETOp AND THE CREO|TS FOR WRAPPING HATERIAL USED OR SOLO WHICH WAS PREVIOUSLY CHARGED OFF AS OBSOLETE. THIS ACCOUNT RECORDS= 1 - DEBITS FOR: A- CHARGES FROM BRANCHES COVERINGS 1 - WRAPPING MATERIAL CHARGED OFf AS OBSOLETED 2 - DEPRECIATIONe TAXESw INSURANCE, EXPENSESe ETCop RELATIVE TO OBSOLETE WRAppING MATERIAL ON STORAGE. 3 " RENT EXPENSE FOR FLOOR SPACE USED FOR STORAGE Or OeSOLETE WRAPPING HATERIAL, - LABOR AND EXPENSES INCIDENTAL TO HANDLING Or O~SOLHTE WRAPPING MATERIALe 5 - TRANSPORTATION CHARGES IN CONNECTION WITH SHIPMENTS OF OBSOLETE WRAPPING HATERIAL. B- MISCELLANEOUS ITCHS NOT CLASSIFIABLE UNDER ANY OF THE rOREGOlNGe C- TRANSFER DF CREDIT BALANCE AT END OF YHAR TO ACCOUNT NO, "812- INCOME." 2 - CREDITS FOR: A- CREDITS FROM BRANCHES COVERING THE FOLLOWING: 1 - VALUE OF WRAPPING MATERIAL CURRENTLY USCDWHICN WAS PREVIOUSLY CHARGED OPt AS OBSOLETE. 2 - AMOUNT REALIZED ON SALE Or ~IRAPP|hK~ MATERIAL b~llCN WAS PREVIOUSLY CHARGED OFF AS OBSOLETE° B- MISCELLANEOUS ITEMS NOT CLASSIFIABLE UNDER ANy Or THE FOREGOING, C- TRANSFER Dr DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO. "812- |NCOHE,# A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 19~1 FOLLOWS: (CO"TINUHO) f:! "1" ', 01 02 55716
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67~.1o OBSOLETE WRAPPING MATERIAL AND EX/~NSES - CIGARETTES, ,~,t4OKIIIIG, ETC. PAGE 2 WRAPPING ~ATERIAL CHARGED OFF AS OBSOLETE: DURHAM BRANCH s VIRGINIA BRANCH [XPCNSES ON OBSOLETE WRAPPING MATERIAL STORED AT THE FOLLOWING LOCATIONS: DURHAM BRANCH DEPRECIATIOH ~IR[ PROTECTION iNSURANCE ~AINTENANCE AND REPAIRS RETIREMENT BENEFITS - MEDICAL - COMPENSATION - RATIONS T*XES WATCHMENIS LABOR LOUISVILLE BRANCH INSURANCE REIOSVILLE BRANCH INSURANCE STORAGE VIRGINIA BRANCH AUTOMATIC FIRE ALARM DEPRECIATION INSURANCE TAXES COST OF CHANGING SIZE DESIGNATION ON ~ALNUT CARTONS EXCESS OF BOOK VALUE OVER SALES PRICE OF OBSOLETE MATERIAL SOLO, INVLUDING PREPAID FREIGHT GOMM[ LA CROIX CIGARETTE BOOKS RETURNED rRON THE TRADE TOTAL DEBIT8 LESS: VALUE OF MATERIAL PREVIOUSLY CHARG[O OFF BUT LATCR USED: DURHAM 8RANCH LOUISVILL[ BRANCH VIRGINIA BRANCH GOMME LA CROIX CIGARETTE BOOKS PREVI@USLY CHARGED OFF BUT LATER RCSH|PPED TO CUSTOMCRS CIGARETTE BOOKS INTERNAL REV£NUC TAX GU~'nqlNO EDGES Or PAPERS TOTAL CREDITS OEBIT BALANCE TRANSFERRED TO ACCOUNT NO. "812- INCOME" AT DEC£MB£R 31 , 1~1 lO5.17 2.16 39.~ 19.36 lO.69 22.10 3.~8 5.22 15.72 393.~ ~5.38 23.11 24.12 2,~?.89 391.05 .23 79.b,I 8~o.~7 3,912.21 i qr) r) c .%d.,, ~) ~I'~0"I 0255717
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67~,o2- (~SOl£Tr WRAPPING MATERIAL AND EXPENSES - CIGARS 1951 THIS ACCOUNT RECORDS THE VALUE OF OBSOLETE CIGAR ~I~RAPPING HAT~RIALe THE STORAGE~ HANDLING AND OTHER EXPENSES INCIDENTAL TH[RETOj AHD THE CREDITS FOR VRAPPING MATERIAL USED OR SOLD WHICH WAS PREVIOUSLY CHARGED OFF AS OBSOLETED THIS ACCOUNT RECORDS: 1 - DEBITS FORI A- CHARGES FROM BRANCHES COVERING: 1- WRAPPING HATERIAL CHARGED OFF AS OBSOLETEI 2- DEPRECIATIONm TAXES: INSURAHCE~ EXPENSESw ETCe~ RELATIVE TO OBSOLETE WRAPPING NATERIAL ON STORAGEa 3- RENT EXPENSE FOR FLOOR SPACE USED FOR STORAGE OF OBSOLETE WRAPPING 14ATER|ALI ~- LAEOR AND EXPENSES INCIDENTAL TO HANDLING OF OBSOLETE WRAPPING MATERIAL. 5- TRANSPORTATIOH CHARGES IN CONNECTION WITH SHIPMENTS OF OBSOLETE WRAPPING MAT£RIALe B- MISCELLANEOUS IT[MS NOT CLASSIFIABLE UNDER ANY OF THE FOREGOINGe C- TRANSFERS OF CREDIT BALANCE AT END or YEAR TO ACCOUNT NO, "812- INCOME" 2 -- CREO|TS FOR: A- CREDITS FROM BRANCHES COVERING THE rOLLOW|NG: 1- VALUE OF WRAPPING MATERIAL CURRENTL~ USED ~4HICH WAS PREVIOUSLY CHARQCD OFF AS OBSOLETEe 2- AMOUNT REALIZED ON SALE OF WRAPPING HATERIAL ~HICH WAS PREVIOUSLY CHAPGEO OFF AS OBSOLETE. B- MISCELLANEOUS ITEMS NOT CLASSIF|ABLE UNDER ANY OF THE FOREGOINOe C- TRANSFER OF DEBIT BALANCE AT END Or YEAR TO ACCOUNT NO. "812- |NCOME." A SUH~4ARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: (CONTINUED) R T :~ 0 1
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.671;,2- OBSOLETE WRAPPINGMATERIAL AND EXPENSES - CIGARS 195t PA~r COSTS Or ArrIxlNQ CORAL KEY PRICE STICKCRS ~RARPING HATERIAL CHAR3ED OFF AS GSSOLET£: ASHLEY BRANCH 1,21 CHARLESTON BRANCH 55.32 KENTUCKY BRANCH 9,87 PHILADELPHIA BRANCH 92.6~ SCRANTON ~RANCH ~=22 WILKES-BARRE BRANCH ~ATERIAL AND LABOR ATTACHING BOTTOMS TO ANTONIO Y CLEOPATRA BOXES TRANSFERRED TO PH|LADELPH|A ~RANCH FROH KENTUCKY BRANCH COST OF REPACK|NO CORAL KEY BOXES DUE TO CHANGE IN REVENUE STAMP CLASSIFICATION ~XPENSES APPL|CABLE TO OSSOLETE WRAPPING HATERIAL STORED AT THE fOLLOWING LOCATIONS: CHARLESTON BRANCH= TRANSPOrTAtiON CHAROES 53.91 RENT ON FLOOR SPACE LEASED FRON AMERICAN CIQAeETT¢ AND CleAR COMPANY 115.~2 LAeO~, OTHER 132,31 INSURANCE 7~.~ TAXES 1608 PHILADELPHIA BRANCH: |NSURA.CE 7,99 TRANSPOrtATION CHARGES SCRANTON BRANCH= INSURANCE ~OTAL D~SITS LESS= "OBsoLETE WRAPPING NATERIAL PREVIOU3LY CHARGED OFF BUT LATER USED= CHARLESTON BRANCH PHILADELPHIA BRANCX SCRANTON BRANCH CREDIT BALANCE TRANSrERREO TO ACCOUNT NO, "B12- INCOME AT DECE~(SER ~t, 19~| ~9.29 ~63,ho 396.36 94Lo2 h.59Lo5 1,79%71 MEMORANDUM: CREDIT BALANCE P~R BOOKS (ABOVE) REGLASS|rlCATION rRON ACCOUNT NO. 711o2 RECLASSlFIEO CREDIT TOTAL RI",~O1 O255719
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i!> I -675- DCPRECIATION AND INC(3~ - FIXED ASSETS RENTED TO AMERICAN SUPPI.I[RS, INCORPOI~TI[D ~cE,~R 31, 1~1 THIS ACCOUNT RECORDS DEPRECIATtON ON FIXED ASSETS LEASED TO AMERICAN SUPPLIERSj INCORPORATED AND OUR RENTAL CHARGE TO AHERICAN SUPPLIERS, iNCORPORATED WHICH OFFSETS THE CHARGES TO THIS ACCOUNT. THIS ACCOUNT RECORDS| 1 - DEBITS FOR CREDITS TO THE FOLLOWING ACCOUNTS FOR DEPRECIATION ON ASSETS LEASED TO AMERICAN SUPPLIERS, |NCORPORAT(D. ff7(~20- RESERVE FOR DEPRECIATION Of" IMPROV(HENTS TO LANOn mTOA25- RESERVE FOR DEPR[CIATION Of" BUILDINGS AND BUILDING FIXTURESw "71~0- RESERVE FOR DEPRECIATION OF MACHINERY AND EQUIPMENTn nTOA~O- RESERVE FOR DEPRECIATION or OffiCE FURNITURE AND EQUIPMENTm 2 " CREDITS fOR: A- CHARGES TO AMERICAN SUPPLIERS, |NCONPORATEDw COVERING RENT Or BUILDINGS AND IHPROVEHENTS TO LAND LEASED TO THAT COMPANY. THE RENTAL CHARGE OFFSETS THE AMOUNT OF DEPRECIATION RROVID[O ,OR THESE ASSETS. B- CR[DITS RECEIVED rROH AHERICAN SUPPLIERS, INCORPORAT[D, FOR RENT OH HACHINERY AND EGUIF~IENT AND OFfiCE FURNITURE AND EQUIP/4ENT LEASED TO THAT COHPANY. THE RENTAL CREDIT OFFSETS THE AMOUNT Otr DCPR[CIATION PROVIDED FOR THESE ASSETS. A SUMMARY ANALYSIS Of TRANSACTIONS FOR THE Y(AR 1~1 fOLLOWS: 19'31 DEPRECIATION PROVIDED ON ASSETS LEASED TO ANERICAN SUPPLIERS, INCORPORATED : ~UILDINGS AND IMPROVEMENTS TO LAND MACHINERY AND EQUIPH£NT OffiCE FURNITURE AND EQUiP)dENT TOTAL EXPENSE LEssI TOTAL CHARGES TO AMERICAN SUPPLIERS, INCORPORATED fOR RENTAL OF BUILDINGS AND IHPRGVEN£NT$ TO LAND TOTAL CREDITS RECEIVED rRON AMERICAN SUPPLIERSw INCORPORATED fOR RENTAL OF HACHINERY AND EQUIP- MENT, ETCet LEASED TO THAT CO(IqPANY 172,~9.61 BALANCe, DCCC~BER 31, 19~1 172,969.81 59,~9o.h2 237,999,49 RT~01 c_~* IP, v 0.': :'.5 ,"2 0
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-676- DIVIDENDS ~ INTEREST EARNED THE CR[OIT BALANCE OF THIS ACCOUNT REPRESENTS DIVlOENO AND INTEREST INcoI, IE FRON INVESTNI[NTS. THIS ACCOUNT RECORDS: 1 - CR¢OITS FOR: A" 0ESITS TO ACCOUNT NO. "21A10- OtVlOENOS RECEIVABLEn FOR THE AHOUNT OF DIVIOENOS RECEIVEO ON STOCKS HELO BY THIS COHPANY, B" MONTHLY CHARGES TO ACCOUNT NO, W~IA~>O- |NTEREST RECEIVABLEN COVERING INTEREST ACCRUAL FOR MONTH ON BOND |NV[STHENT$ OF THIS COHPANYo 2 - 0EBIT FOR TRANSFER OF CREOIT BALANCE AT END Or YEAR TO ACCOUNT NO. "812- INCOME.I A SUIqHARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOVS: OIVIOENO ~NCOHE ~PAYABLE I~HOLLY IN CASH): CORPORATIONS OURHAM AND SOUTH CAROLINA RAILROAO COMPANY S.M, FRANK AND COIt4PANY pARTLY OWNED D(~ESTIC COMPANIES: AMERICAN CIGARETTE AND CIGAR COe4PANY GOLOEN BELTMANUFACTURING CONPANY CLASS OF NUNBER Or STOCK SHARES CO~ON B 1,250 100.00 Co~e4ON O 3,500 NO PAR Co~ON 1~o225 70.00 PnEr[aa¢O 3,107 lOO.OO CAPITAL'~8,814 NO PAR TOTAL OIVIOENO INCOME INTEREST INCQ~IE| INVESTHENT MATURITY FACE VALUE CORPORATE STOCK OF THE CITY Or NEW YORK SEPT. 1,19~0 32,000e00 UNITED STATES TREASURY BONDS dUNE 15,1~2 26,000°00 CREDIT BALANCE TRANSFERRED TO ACCOUNT Noo n812- |NCOM~n AT DECEMBER 31, 19~1 ~IVlD£HO TOTAL PER SHARE 12.00 15,OO0.00 1.00 18,500.00 1~.0o) 3,o11,6oo.oo 2.00) 6.oo 18,C~2.OO 15,00 282 210 oo 3,312,h~2,00 PER IOO ~ INTCREST YEAR h 1/h~ 1,36o.oo : .~5.oo ~.~.89hoo 3:",3 P31":KO'l 0255721
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,a '678- AMORTIZATION Of PREMIUM ON .INVES'rI,~NT 1951 TN£ DEBIT BALANC£ OF THiS ACCOUNT R£PRES[NTS THE AMOUNT OF PREM|LIt4 ON INVESTMENTS AMORTIZfD DURING TH[ ¢URR~NT Y~AR, THIS ACCOUNT RECOROSI - D[B|TS FOR CREDITS TO ACCOUNT HO. P~I~IO- INVESTMENTS - OTHER~ COV£RING WRITE orr OF UNAMORTIZ~O P~[M|UMe 2 - CREDIT FOR TRANSFER Or DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO, "812- INCO~4[." THERE ~ERE NO TRANSACTIONS IN THIS ACCOUNT DURING 1~5~, gr) r~ -~l" NO I 02 55 ~.. "-', ~
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i ? 677- INTEREST, EXCHANGE AN/) DISCOUNT PAID 1951 ! THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF INTERESTj EXCHANGE AND DISCOUNT EXPENSE CHARGED TO EXPENSE DURING THE YEAR, EXCLUSIVE Or ANOU~ITS APPLICABLE TO FUNDED DEBT AND PRIOR YEARSI INTEREST ON TAX CONTINGENCIES. THIS ACCOUNT RECORDS: 1 -- ~EBITS FOR: A- CREDITS TO ACCOUNT NO. nBOASO- PREPAID INTEREST, PREMIU14 AND DISCOUNT" FOR PORTION OF DISCOUNT ON NOTES pAYABLEe ~- CHARGES FROH THE LEAF DEPARTMENT COVERING INTEREST ON LEAF PURCHASED FROt4 AFFILIATED C O~qPAftlESe C- VOUCHER REGISTER CHARGES COVERING INTEREST ON TAXES. 2 - CREDIT FOR TRANSFER OF DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO. "812- INCO~E." A SUMHARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: DISCOUNT ON NOTES PAYASLE TO BANKS INTEREST ON LEAF PURCHASEO FROM HENRY CLAY AND ~O~;K & COHRANVp LIMITED INTEREST ON TAXES: AR I ZONA I NC OME TAX 3/~ 5/51 "6/15/51 ~ eS~ GEORGIA INCOME TAX 1/1/51-3/I/51 176.h9 KENTUCKY CORPORATION LICENSE TAX ~115/~1-7/31151 182.9h HISSOURI mNCC~[ TAX 3/31//51-4/19/51 7O.27 NEv JERSEY rRANE,SSE Tax ~/16/51-7/1~/51 2.97 SOUTH CAROLINA INCOME TAX 3/15/5t-7/15//51 OEBIT BALANCE TRAN~F£RRED TO ACCOUNT NO, "812- INCOME" AT DECEMSCa 31, 19~1 ~T ;~0 "I 0255723
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f L C:~..~O- SUNDRY uNCLAIla~D PAYABLE ACCOUNTS THE DEBIT BALANCE OF THIS ACCOUNT REPRESCNTS PAY)4ENTS DURING THE YEAR Or UNCLAIMED PAYABLE ACCOUNTS TAKEN INTO INCOHE IN PRIOR YEARSe PRIOR TO 1~)48 ALL OPEN ITEMS VHICH WERE IN CERTAIN PAYABLE ACCOUHT$ FOR SIX y(ARS AS UNCLAIMED ITEMS WERE TRANSFERRED TO THIS ACCOUNT AT THE [NO Or (ACH CALENDAR YEARe NO UNCLAIMED PAYABLES HAVE OE(N TAKEN INTO INCOME SINCE 19~7e THIS ACCOUNT RECORDS: 1 - DEBITS fOR: A- PAYMENT OF UNCLAIMED WAGESB CREO|TSm AND OLD OUTSTANDING CH(CKS WHICH ~II[R( OR[CITED TO THIS ACCOUNT IN PRIOR YI[ARSo B- CREDITS TO ACCOUNT NOS. "20L75- OLD OUTSTANDING CHECKS PAYABLE" AND "20L78- UNCLAIHEO CREDITS PAYABLE" REPRE$(NTING THE REVERSAL IN l~Z~0s OF UNCLA|MEO OR UND[LIVERED DIVIDENDS ¢REOITEO TO THIS ACCOUNT PRIOR TO 19~8 ~/I~ICH THE COMPANY MAY BE REQUIRED TO pAY TO THE STATE OF NEW JERSEY UNDER THE ESCHEAT LAWe C-- FOR TRANSFER OF CREDIT BALANCE AT END or YEAR TO ACCOUNT No. "812- |NCOHEe" 2 - CREDITS FORI A- DEBITS TO ACCOUNT NOB "20L75- OLD OuTsTANDING CHECKS PAYADLE" FOR ADJUSTHENT IN 1951 or ITEM 18 ABOVE, 8-- FOR TRANSFER OF DEBIT BALANCE AT END Or Y(AR TO ACCOUNT NO, "812o (NCOM(." A SUMMARY ANALYS IS OF TRANSACTIONS FOR THE Y(AR 19~1 fOLLOWS: MONT.~H TOTA.,...~L JANUARY ~.5~ PAyMENtS FO_R .... 0LO 0~,/TSTANOING UNCLAII,~O UNCLAIMEO CHECKS ~AGCS CREDITS ..... ~.~ _ . . TOTAL PAYMENTS ~-~3 2.~ LEss - ADJUSTMCNT OF THC AMOUNT OF UNCLAIMED OR UNOELIVERCO DIVIDENDS CHARGED TO THIS ACCOUNT AT DECEMBER 31, 19~0 ~7a j6 ,, ,':iT 2.76 CREO|T BALANC( TRANSFERRED TO ACCOUHT NO. "~12- INCOM(" AT DECEMBER 31, 19~1 ~7o.23 372,76 2.53 of) tr-~ f::t 1" )g O "! 02 55 ~2,.~
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~1.1- MISCELLANEOUS PROFITS - CIGARETTES, SMOKING, ETC. 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS NET INCOME ON TRANSACTIONS APPLICABLE TO CIGARETTES, SMOKINGj [TC. NOT PROPERLY CLASSIFIABLE TO ANY REGULAR INCOME ACCOUNT+ THIS ACCOUNT RECORDS| 1 - CREDITS FOR: A- DEBITS TO ACCOUNT NO. "27A10- FINISHED OOODSff FOR THE ADDITIONAL FRACTIONAL AMOUNTS OVER COST, ADDED TO SELLING PRICE OF.CIGARETTES AND SMOKING TOBACCOt CARRIED AS STOCK IN OUR STATIONERY AND PRINTING DEPARTMENT, BOLD TO EMPLOYEES+ B- PROFIT FROM SALE OF SCRAP MATERIALS, WASTE PAPER, ETC. C- AMOUNTS BILLED TO VARIOUS COMPANIES FOR SALE OF MACHINE PARTS CHARGED TO ACCOUNT NO. "6~1.1- OBSOLETE MACHINE PARTS WRITTEN OFF - CIGARETTES, SMOKING, ETC.I O- PROFITS ARISING FRI~4 SUNDRY OTHER TRANSACTIONS. 2 -D[BITS FOR: A- CREDIT TO ACCOUNT NO. n65Lll- OIV|OEND SCRIP CERTIFICATES CONVERTIBLE INTO COMMON STOCK - OFFSET ACCOUNTw TO RESTORE AS A LIABILITY THE AMOUNT OF DIVIDEND SCRIP CERTIFICATES I~HICN MAy BE PAYADL[ TO THE STATE OF HEw JERSEY UNDER ESCHEAT LAWj IF NOT CONVERTED. B- TRANSFER OF CREDIT BALANCE AT END OF YEAR TO ACCOUNT NO. "812- INCOME.n A BUMktARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1 951 FOLLOVS: PROFIT ON SALE OF SCRAP PROFIT ON SALE OF NEW YORK OFFICE STOCK - CIGARETTES, SMOKING, ETC. ANONYMOUS PAYMENTS DIFFERENCE IN SETTLEMENT OF CLAIMSf RtECEIVASL[ AND PAYABLES MISCELLANEOUS CREDIT BALANCE TRANSFERRED TO ACCOUNT NO. "812- INCOME" AT DECEMBER 31, 1~I 3,977.o9 23.Ol 13.00 5.53 ~08 gr') ,r-~
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:i ~1.2- MISCELLANEOUS PROFITS - CIGARS 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE NET PROFIT ON VARIOUS TRANSACTIONS NOT CLASSIFIABLE TO ANY OTHER CIGAR INCOME ACCOUNT. AN ANALYSIS or THE TRANSACTIONS FOR THE YEAR 1~1 FOLLOWS: PROCE(DS FROM SALE or SCRAP PAYHENT FROM PENNSYLVANIA POWER AND LIGHT COMPANY FOR PRIVILEGE OF PLACING GUY WIRE ON OUR PROPERTY CREOIT BALANCE TRANSFERRED TO ACCOUNT NO, "812- INCOHEI AT DCCEMSER ~1, 1~1 2,166.~8 1 oo ~:} T 2< 0 1 qn c+el I~ 025572g
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THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF ROYALTIES RECE|VEO OR RECEIVASL[ FROM THE AMERICAN MACHINE AND FOUNDRY COMPANY ON MAXWELL STEMMING MACHINES LEASED OR SOLD TO OTHERS SY THEN DURING THE YEAR~ AND FROM PACKAGE MACHINERY CO¢4PANY ON SALES Or STAPLING AND SECURING :DEVICES.. THIS ACCOUNT RECORDS: 1 - CREDITS FOR: A- CASH RECEIVED FROM /~..ERICAN MACHINE AND FOUNDRY COHPANY COVERING ROYALTIES OH: (1) ~-1 6q MAXWELL STEMMING MACHIN[S LEASED TO OTHERS, (2) SALES OF fl~-16# MAXWELL STEMMING MACHINES SOLD OUTSIDE OF THE UNITED STATES AND CANADA, B- CASH RECEIVED FROM PACKAGE MACHINERY COMPANY COVERING ROYALTIES APPLICABLE TO THE CURRENT yEAR BASED ON THEIR SALES OF STAPLING AND SECURING DEVICES6 C- CASH RECEIVED FROH [, H, HUNTER COMPANY BASED ON THEIR SALES OF SLITTING MACHINES, D- CHARGES TO ACCOUNT NO, "21A35- MISCELLANEOUS ACCOUNTS TRECEIVABLE" AT END OF YEAR COVERING ROYALTIES RECEIVABLE FRO~4 J~tERICAN MACH|NE AND ~OUNDRY COMPANY OH fl~-16ff MAXWELL STEt4MING MACHINES LEASED OR SOLD TO OTHERS, 2 - DEBIT FOR TRANSFER OF CREDIT BALANCE AT END OF YEAR TO ACCOUNT NO, "812- INCOME." AN ANALYSIS O1r THE TRANSACTIONS FOR THE YEAR 19~| FOLLOWS: ROYALTIES ON tl~--~6" MAXWELL STEMMING MACHINES LEASED: TVO MONTHS [NOED ~ESRUARY 28, 19~1 QUARTER ~NOEDM*Y 31, 1951 QUARTER ENDED AUGUST 31, 1951 FOUR MONTHS ENDED DECEHSER 31, 1~1 CREDIT SALANCE TRANSFERRED TO ACCOUNT NoR "~" INCOMEN AT DECEMSER 31, 19'51 28,h02.14 33.h76.~1 lh,651.4T 78,5~T.~6 ~OTE: NO ROYALTIES WERE RECEIVED FROM PACKAGE MACHINERY COf~PANY OR [. Mo HUNTER COMPANY. NO ROYALTIES WERE RECEIVED FOR "~-1~n MAXVELL ITEH~,t|NG ~.ACHIHESSOLD. RI'HO1
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' ~l;. COHHISSION AND IH'I"EREST RECEIVED ON L.F.AF SOLD 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS ¢OI, IMISSION AND INT¢REST EARNED BY THE LEAF D¢PARTHENT ON PURCHASES OF LEAF FOR OTHER CO#4PANICS, THIS ACCOUNT RECORDS: 1 - CREDITS FROH OUR LEAr DEPARTMENT COVERING CON~41SSION AND INTEREST EARNED ON PURCHASES OF LEAF FOR OTHER C~PANIESe 2 - DEBITS FOR TRANSFER OF CREDIT BALANCE AT END OF YEAR TO ACCOUNT NO, "812- INCOt4(,I A SUNHARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: INTEREST EARNED ON PURCHASES FOR: HENRY CLAY AND BOOK & COMPANY, LINITED CREDIT BALANCE TRANSFERRED TO ACCOUNT NO. "812- INCOI,4¢" AT DECEMBER ~I, 1951 340 R 1":,~01- 025572B
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.~5- INTEREST, EXCHANGE AND DISCOUNT RECE'IVED 1 ~51 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS INCO~EE FROM INTEREST EARNED ON NOTES AND HORTGAGES) PROFIT ON FOREIGN EXCNANO~ DISCOUNT ON NOTES RECEIVABLE AND OTHER INTEREST INCOH[ NOT RECORDED IN ACCOUNT NO. "6~6- DIVIDENDS AND INTEREST EARNED.l THIS ACCOUNT RECORDS: 1 - CR£O|TS FOR: A- MONTHLY DEBITS TO ACCOUNT No. "21A20- |~TEREST RECEIVABLE"1 COVERING INTEREST ACCRUED FOR THE MONTH ON MORTGAGES REC£1VABLEe B- D£BITS TO ACCOUNT NOS. wlOA10- CASH IN BANKS~ OR nlOA~l" UMAPpLIED CASH COL- LECTIOHBn FOR INTEREST RECE|VED, FOR Id141CH NO ACCRUAL HAD BEEN PROVIDED. C" DEBITS TO ACCOUNT NO. "~I- AHERICAH CIGARETT£ AND CIGAR COMPANY - ~PECIAL ACCOUNTn FOR INTEREST AT CURRENT BANK INTEREST RATE OH THE AMOUNT Of FAYM¢NT WITHHELD BY THEM OH OUR INVOICES BEYOq¢fO DUE DATE AS STIPULATED IN AGREEMI£NT OF APRIL ~, I~, DETVECH THE ~MERICAH TOBACCO COMPANY AND AMERICAN CIGARETTE AND CIGAR COMPANY. D" DEBITS TO ACCOUNT P~, ;~A16- LEAF DEPARTHENTn FOR CREDIT MEMORANDA RECEIVED FROM THEN FOR INTEREST ON ADVANCES TO T A~IACALERA CUBANAs S. A. 2 - DEBIT FOR TRANSFER OF CREDIT BALANCE AT END OF YEAR TO ACCOUNT NO. "812- |HCO~.E," A SUHHARy ANALYSIS OF TRANSACT|OH$ FOR THE YEAR 1~ FOLLOWS: INTEREST ON NOTES AND MORTGAGES PETER J. SCI~#EITZERj |NO. LUC£ HANUFACTURING COMPANY THE A~RAy CORPORATION INTEREST ON DURHAH BRANCH CLAIM ~J, ~:~ FOR HUTILATED TAX STAMPS INTEREST ON REFUND OF OVERPAYHENT - 1~ FEDERAL INCOH[ TAX INTEREST ON REFUND OF OV£RPAYHENT - 1~O NORTH CAROLINA INCOME TAX CREDIT BALANCE TRANSFERRED TO ACCOUNT NO. "812- INCOME" AT DECEHBER 31~ 19~ L;,113.'~ ~co 2o,33h.39 283.53 10,~ 02 557'2 9
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~6-- INTEREST OH FOUR PER CrNT (11%) BONDS THr D¢ItlT BALANCE OF THIS ACCOUNT R£PRrSrNTS THE AJMOUNT Or INTrR[ST IrXPER$C ON ~J~ BONDS OF THr ~U.IrRICAN TOBACCO COMPANY AND THE CONSOLIOATrD Toexcco COt4PANY, ~I~IICH HATUREO AUGUST 1 p 1951, THIS ACCOUNT RECORDS: I - DEBITS FOR MONTHLY CREDITS THROUGH JULY 31, 1951, TO ACCOUNT NOe "40LI0- |NTER[ST PAYABLE ON FUNDED DEBTw COVERING INTEREST EXPENSE APPLICABLE TO SUCH MONTH ON FOUR PER CENT (~) BONDS OF THE AHERICAN TOeACCO COFIPANY AND THE CONSOL|DAT[O TOeACCO COIdPANYe 2 - CREDITS FOR TRANSF£R OF DEBIT BALANCE AT END OF TEAR TO ACCOUNT NO. "812- iNCOME,w A SUINMARY ANALYS IS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: PRINCIPAL AMOUNT THE AMERICAN TOBACCO COIdPANY ~ BONDS 709,150.00 CONSOLIOATEO TOeACCO CONPANY ~ BONDS 122.100.00 DEOIT aALANCE TRANSFERRED TO ACCOUNT NO, a812- INCOHE" AT DECENSER 31, 19~I |NTEREST INTEREST ExPENS.._.,..,.~E JANUARY 1 THROUGH l~,~e~ JULY 31 JARU*.Y I THROUGH 2,849.00 JULY ~1 R T X 0 "! 02%5, L~lO
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• (~- INTEREST ON T~NTY YEAR ~ DEBENTURES HATURING JANUARY 1, 19~ 1951 TH£ DEBIT BALANCE OF THIS ACCOUNT R[PRESENTS INTEREST EXPENSE ON ~#IEN'~YEAR ~v~ DEBENTURES NATURI~ JANUARY 11 19~° |NTERES~ IS PAYABLE SEMIANNUALLY ON JANUARY 1 AND JULY 1 AT THE OFFICE Or THE COMPANY ON AT THE OFFICE OF THE GUARANTY TRUST C<~PANY OF NEW YORK, PAYING AGENTS. THIS ACCOUNT R[COROS: 1 - DEBITS FOR THE NET AMOUNT OF MONTHLY CREDITS TO ACCOUNT NO° I~0L10- INTEREST PAYABLE ON FUNDED DEBTn SUBACCOUNT No° I1- GROSS INTEREBT PAYABLE" SUB-SUB- ACCOUNT NO° hE- TWENTY YEAR ~1~ DEBENTURES MATURING JANUARY 11 1~" - LESS HONTNLY DEBITS TO SUBACCOUNT NO. ~2- iNTEREST RECEIVABLE O44 FUNDED DEBT RE- ACQU|R[OM - SUB-SUBACCOUNT NO° "E- TW1ENTY YEAR ~1~ DEBENTURES NATURING JANUARY !B 1~" =OR INTEREST ACCRUED APPLICABLE TO BONDS REACQUIRED BY THE COMPANY BUT NOT RETIRED= 2 - CREDITS FOR TRANSFER OF DEBIT BALANCE AT YEAR END TO ACCOUNT NO° "812o INCOME," A BUHNARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~I FOLLOWS: PAR VALUE OF OEBCNTURE$ OUTSTANDING ~INTEREST PERIOD INTER£ST PAYABLE 69,000,000.00 JANUARY 1 ~ROU~ JUNE 30 1,035,000.00 6~,0OO,OO0o00 JULY 1 THROUGH D~CrXBER 31 ~X).O00,O0 OEBIT BALANCE TRANSFERRED TO ACCOUNT.NO° "812° INCOME" AT DECEMBER 31, 1951 2.O25,0OO.00 I'~MORANDUH 8ONDS PURCHASED OR CR~L~O FgR FEOE.PTI¢~ JULY 1 ~.000,000.00 343 A]~O't 0255, 31
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"689.1- MILITARY SERVICE ALLOJANCE - CIGARETTES, SHOKING, ETC. 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THECURRENT YEARIS EXPENSE FOR MILITARY SERVICE ALLOk/ANC¢ TO EHPLOYEESI OTHER THAN CIGAR BRANCH ENPLOYEES. THIS ACCOUNT RECORDS| 1 - DEBITS FOR| A- CREDITS TO ACCOUNT NO. "730- SALARIES AND TAXES" SUBACCOUNT Not R3- DISTRIBUTION" COVERING ANOUNTS PAID TO INDUCTED ENPLOY[ES. B- CREDITS TO ACCOUNT NO. "2OLg~-GRouP LIFE INSURANCE PRENIUMS PAYABLE,w COVERING INSURANCE PREMIUMS APPLICABLE TO INDUCTED £HPLOYEESt C- CREDITS TO ACCOUNT NO. WSOL58- PROVISION FOR RETIREMENT BENEFITSI REPRESENTING PROVISION APPLICABLE TO PAYNENTS MADE TO INDUCTED ENPLOYE¢S= D- CREDITS TO ACCOUNT NOS."5OL80- PROVISION FOR STATE UNENPLOYMENT INSURANCE TAX - COMPANY CONTR|BUTIONj" "50L81- PROVISION FOR FEDERAL UNEHPLOYt4ENT INSURANCE TAX - COMPANY CONTRIBUTIONsR AND I~OL~- PROVISION FOR FEDERAL OLD AGE BENEFIT TAX - COMPANY CONTRIBUTIONpN REPRESENTING PROVISIONS FOR TAX LIABILITY APPLICABLE TO pAYMENTS MADE TO INDUCTED EMPLOYEES. 2 " CREDITS FOR: A- TRANSFER OF DEBIT BALANCE AT END OF YEAR TO ACCOUNT NOt "812" |NCOM¢.a A SUMMARY ANALYSIS FOLLOWS OF TRANSACTIONS FOR THE YEAR 1951, THE DETAILS Or ~WHICH ARE ON riLE IN THE PAY ROLL DEPARTHENTI PAY ROLL GROUP RETIREMENT ALLOVANCES TAXES ~ ~ TO.gZ~T*L DURHAM BRANCH 1,O~1.70 19.68 323.30 lh.~9 1,~09.17 REIOSVILL¢ BRANCN 70)t,16 17.21 325.52 9.59 1,056.~8 LOUISVILLE BRANCH ~,320.80 lq~.82 5~9.10 59.72 5.0T~.~ VIRGINIA BRANCH 1.728.~ 78.~1 239.15 22.~ 2,069.1~ RICHNONO BRANCH 957.70 3~.76 130.95 12.87 1,136.28 RICHMOND LEAF DEPARTMENT 21.87 21.87 NEVPORT NEWs LEAr DEPARTNENT 120,00 5.16 20,10 1,58 1~6.8~ NEW YORN OrrlCE 1.163.38 50.86 238.19 16.25 1,~68.68 SALES.¢N lj~LIOO , ~.89 r~9.89 18.~1 2=088.29 11.j481.~8 ~95.79 .. 2.~.07 1~5.95 DEBIT BALANCE TRANSFERRro TO ACCOUNT NO. =812- |NCOHEn AT DECEMBER 31 m 1~1 4~4 R1 ~CI ! 02 55F'L:~ 2
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6:~9.2- MILITARY SERVICE ALLO~/ANCE - CIGARS 1951 THC DEBIT BALANCE OF THIS ACCOUNT REPRESENTS TH£ CURRENT YEARIS EXP/EHS[ FOR MILITARY SERVIC£ ALLCMANCC TO CIGAR BRANCH ENPLOYCCS. THIS ACCOUNT RCCOROS: 1 - DEBITS FOR! A- CREDITS TO ACCOUNT NO, fl73O- SALARI[$ AND TAXESff SUOACCOUNT NO, #3- DISTRIBUTION" COVERING ANOUNT$ PAID TO INDUCTED [NPLOYEES, B- CREDITS TO ACCOUNT NO, "20L~- GROUP LIFE INSURANCE PREMIUMs PAYABL¢a COVERING INSURANCE PRENIUNS APPLICABLE TO |N1DSJCTEO [HPLOYEES, C" CREDITS TO ACCOUNT NO, ~50L~)~* PROVISION FOR RETIREHENT BENEFITSN REPRESENTING PROVISION APPLICABLE TO pAYMENTS V.AO( TO INDUCTED CHPLOY£ES, D- CREDITS TO ACCOUNT NOS, mSOL~l~ PROVISION FOR STATE UNENPLOYHENT INSURANCE TAX - COMPANY CONTRIBUTIOH~" "5OL81- PROV |SlON fOR fEDERAL UN~MPLOYHCNT INSURANCE TAX - CO#4PANY CONTRIBUTIONN AND "50L82- PROVISION fOR FCOERAL OLD AG[ BENEFIT TAX - CONPANY ¢ONTRIBUTIONjI REPRES[NTING PROVISIONS FOR TAX LIABILITY APPLICABLE TO PAYMENTS MADE TO |NOUCT[D [NPLOlq[£S, 2 " CREDITS rORI A* TRANSFER OF DEBIT BALANCC AT END OF YEAR TO ACCOUNT NO, "812- INCOME," A SUVa4ARY ANALYSIS fOLLOWS OF TRANSACTIONS FO4~ THE YCAR 1951, THE OCTAILS OF WHICH ARE ON FILE IN THE PAY ROLL DEPARTMENT: PAY ROLL GROUP RETIREMENT ALLOWANCES TAX¢S ~ B[NErlTS TR[NTON BRANCH 11.70 11.70 PHILAOELP, IA BRAHCH 9'~*~5 33.~ 135.hl 12.78 1.1k6.29 WILKES-BARn[ BRANCH 310,80 13.~ ~3.32 k.15 372.23 ASHLEY BRANCH 21~.~0 8.92 60.23 2.91 2~6.k~ CHARL[$TON BRANCH ~1~.16 I~.32 kT.~h 5.41 ~1~2.~3 SCRANTON BRANCH 222.00 10o72 70.k9 2.93 306.1h LANCASTER LEAr DCPARTHCNT 10,26 10,26 NORFOLK LeAr DEPARTH£NT 10~.~t ~*~7 12*30 1.37 121.98 PETERSBURG LEAF DEPARTHENT 1~.00 _ _5.42 1_12 1.~ 1~.18 2.~56.65 91,~6 ~92.37 _ .. 31,19 DEBIT BALANC[ TRANSFERRED TO ACCOUNT NO. "812- INCOMr" AT DCCEt4StR 31 , 1951 345 f::lT XO I 0255?33
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.690- iNTEREST ON I',4ENTY°FIVE YEAR ~ DEBENTURES HATURING OCTODER 15, 1~69 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS INTEREST EXPENSE ON TWI[HTY-FIVE YEAR ~ DEBENTURES MATURtNG OCTOSER 15. 1969. INTEREST [S PAYABLE SEMIANNUALLY ON APRIL 15 AND OCTOBER 15 AT THE OFFICE OF THE COMPANY OR AT THE OFFICE OF THE GUARANTY TRUST COMPANY OF NEW YORKp PAYING AGENTS. THIS ACCOUNT RECORDS: 1 - DEBITS FOR THE NET AMOUNT OF MONTHLY CREDITS TO ACCOUNT NO. "~OLlO- INTEREST PAYABLE OH FUHDED DEOTn SUBACCOUHT NoR N1- GROSS |NTEREST PAYABL~m SUS-$UBACCOUHT NO. ~0" TWENTY-FIVE YEAR ~ DEBENTURES HATURING OCTOBER 15. 19~9w - LESS HONTHLY DEBITS TO BUDACCOUNT HO. "~- |NTEREST RECEIVABLE ON FUNDED DEDT REACOU|RED" - SUB-SUBACCOUNT Hoe "D" TWENTY-FIVE YEAR ~ DEBENTURES MATURING OCTOBER 15, 1969" FOR INTEREST ACCRUED APPLICABLE TO BONDS REACQUIR[D BY THE COMPANY BUT NOT RETIRED. 2 - CREDITS FOR TRANSFER OF DEBIT BALANCE AT YEAR END TO ACCOUNT NO, a812- INcot4[.w SUMHARY ANALYSIS OF TRANSACTIONS FOR THE YEAR I~1 FOLLOWS| PAR VALUE OF DEBENTURES ~UT~TANOING INTEREST PERIOD INTEREST DAT~ 82,~0,000.00 JANUARY 1 THROUGH APRIL 5 G52,650.CK) APRIL 5 8aJ77,ooo.oo APR,L 6 THROUGH APRIL 11 ~1,0~.50 APRIL 11 80,~1,O(X).OO APRIL 12 THROUGH APRIL 15 2G.993.G7 APRIL 15 80,768.000.00 APRIL 16 THROUGH APRIL 19 2~,922.67 APRIL 19 8o,TGT,ooo.oo APRIL Z0 THROUGH MAY 23 2~8,839.83 HAY ~3 79,891,000,OO MAy 2~ THROUOH MAY 25 13,315.16 MAY 25 79,591,O00.00 M*Y 26 THROUGH JuNE 1 39,795.5o JuNE 1 79,33h.000.00 JUHE 2 THROUGH JUNE 5 aG,h44.66 JUNE 5 79,134,O00.OO JUNE ~ THROUGH JUNE 8 19,783.50 JUNE 8 ~9,1~2,O00.OO JUHE 9 THROUOH SEPTEMBER I~ ~,O~6.00 SEPT. I~ 78,866,000.00 SEeTE.SER I 5 THROUGH DECEMBER 31 696,649~66 DEBIT BALANCE TRANSFERRED TO ACCOUNT NO. "812- INCOME" AT OECEMBER ~I, 19~I ~EMORANDUq4 - BONDS PURCHASED OR CALCC~ ro~ REOC~PT~O~ PAR VALUE 263,ooo.oo 1.1 ~,o~o.oo 213,ooo.oo 1 , 0OO.O0 8T6 ,ODD.GO 3oo,ooo.oo 257 ,ooo.oo 2oo,ooo.oo 2,ooo.oo 266,ooo.oo RT~01 025B734
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"691- DISCOUNT ON I~ENTY-FIVE YEAR ~ DEBENTURES HATURING OCTO6ER 15, 1969 19'31 TN¢ DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE CURRENT Y[ARIS AHORTIZATION OF DISCOUNT ON THENTY- FIVE YEAR ~ DEBENTURES NATURINQ OCTOBER 15, 19~. THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- MONTHLY CRED|T TO ACCOUNT NO. ~50- PR¢PAID INTEREST, PREMIUH AND DISCOUNT" FOR THE CURRENT MONTHIS AHDRTIZATION OF DISCOUNT ON TI~IENTY-FIVE Y£AR DEBENTURES ~XTURING OCTOBER 15, 19~ eASED ON THE NUNBER or $1,0OO.00 PAR VALUE DEBENTURES OUTSTANDING ON THE LAST DAY OF THE PREVIOUS HONTHI EXCLUDING DES[NTURES CALLED FOR REDEHPTION BY THE SINKING FUND TRUSTEE. THE AMOUNT OF AMORTIZATION PER DEBENTURE (.o2o8333333) VAS DETERMINED BY DIVIO ING THE TOTAL AMOUNT OF DISCOUNT AT DATE OF ISSUE (~6IL)5) sY 3oo MONTHS, B- CREDITS TO ACCOUNT NO. n~50- PREPAID INTEREST, PREMIUM AND DISCOUNTB rOR THE ENTIRE AMOUNT OF UNAMORTIZED DISCOUNT TO MATURITY DATE APPL|CASLC AS OF THE END or THE CURRENT NONTHp TO DEBENTURES CALLED FOR REDEMPTION BY THE SINKING FUND TRUSTEE OR REACQUIREO BY THE C~PANY DURING THE HONTHo 2 - CREDITS FOR TRANSFER OF DEBIT BALANCE AT YEAR END TO ACCOUNT NO. "812- INCOME." A SUt4HARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~ FOLLOWS: UNAMORTIZEO DISCOUNT ON BONDS PURCHASED OR CALLED PAR VALUE ~4ORTIZATION AT ~LF~R RE~EMPT|ON or OEeENTURES .0~O8333333 PER PAR VALUE TOTAL MONT=,,.~H OUTSTANDING ~IIOOOBpND PER MONTH 2r BONDS ~ DISCOUNT JANUARY THROUGH APRIL 82,h~0,000.00 6,8T0,O0 1,673,000.00 7,720.20 1~,~O,20 MAY 8o,767,ooo.oo 1,682.~ 1,176,ooo.oo 5,~o2.25 7,o84,9o JUNE 7%591 ,000.00 1,658.14 ~59,oo0.00 2.098.97 3,757.11 JULY THROUGH SEPTEMBER T9,132,000.00 h,ghS.Th a~,o0o.00 1,199.T7 6,1~5o51 OCTOBER THROUBH DECEMBER 78,~:~,000.00 k,929.12 ~[SIT BALANCE TRANSFERRED TO ACCOUNT NO. a812- INCOHt" AT DECEMBER ~1, 1~1 c').l RI'MO I 02 S
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692- INTEREST O~ TAX CONTINGENCIES RELATIVE TO PRIOR YEARS D~CEMIE~R ~1, 19~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE NET INTEREST EXPENSE FOR THE CURRENT YEAR OH TAX CONTINGENCIES RELATIVE TO PRIOR YEARSa THIS ACCOUNT RECORDS: 1 - DEBITS fOR: A- CREDITS TO ACCOUNT NO. "50L75- PROVISION FOR TAX CONTINGENCIES RELATIVE TO PRIOR YEARS AND INTEREST THEREON: TO PROVIDE FOR INTEREST EXPENSE FOR THE CURRENT YEAR OH FEDERAL AND STATE TAXES RELATIVE TO PRIOR YEARSo B- CREDITS TO ACCOUNT NO. "~)- RErUNOS AND AOJUSTHENTS OF FEDERAL AND STATE TAXES OF PRIOR YEARS# WITH INTEREST TNEREONp LESS RELATED EXPENSESfl TO TRANSFER REFUNDS AND OVERPROVISIONS OF INTEREST APPLICABLE TO PRIOR YEARS ON PRIOR YEARSI TAXESa 2 - CREDITS FOR: A- DEBITS TO ACCOUNT NO. "50L75- PROVISION fOR TAX CONTINGENCIES RELATIVE TO PRIOR YEARS AND INTEREST THEREONn TO ADJUST ESTIMATED AMOUNT OF INTEREST LIABILITYe B- TRANSFER OF DEBIT BALANCE AT YEAR END TO ACCOUNT Noe "812- |NCONE.: A SUHHARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1 951 FOLLOWS: NET CHARGES NET CHARGES FOR CREDITS FOR CREDITS TOTAL TO ACCOUNT TO ACCOUNT NET CHARGES KINOgrT~x TAX YEARS ~ NO. 800 for YEAR rEOERA~ INCONE 19~8 TO 1950 8,6~3.O1 9,743.77 18,386.78 FEDERAL EXCESS PROrlTS 1950 9,~28.8~ ~,~28.8~ ALASAHA IHCOHE 1949 A,O 19'30 7{A.50 7(~1.50 ARIZONA INCONE 1~8 TO 1950 415.74 205oE5 210.~9 ARKANSAS INCOHE 1949 ANO 1950 1,12~.00 1,125.0O CALIFORNIA FRANCHISE I~9 AND 1950 29.66 24.E9 5.17 COLORADO INCOME 19lt~ TO 19~0 2.5~ 1~.8~ 11.~5 GEORGIA |NCO.E 19~9 ~.12 4h.12 INDIANA GROSS RECEIPTS 1948 TO 1950 ~,399.O~ 1,880.~6 2,518.~ KENTUCKY INCON£ 191k~ TO 1950 1,345.00 1,3~5.00 LOUISIANA |NEON[ 1~18 ~,7~ ~.21 .5~ HINNESOTA INCONE 19~7 TO 1950 1,593.h7 °11 1 ,593.36 NORTH CAROLINA INCOME 1~ TO 19'30 32,231.08 3,'?.,231oO8 0HIO TAX ON SHARES 19h5, h7 aNO h8 6'~ko32 ~4.32 . PIENNSYLVANIA FRANCHISE 1949 AND 1~0 60~.87 18~,20 ~21.67 PENNSYLVANIA INCOt,'t£ 19ll8 TO 1950 15,170.OO 15,1T0.00 TENNESSEE EXCISE 7/i/I,~8 TO 6/30/50 _ 28,h~ ~4,2E 5.80 ]5~ 02"j .55 8,192.61 DEBIT BALANCE TRANSFERR£O TO ACCOUNT NO. "812- INCOHE" AT DEC(NB¢R 31, 1951 RT~0i 02~36
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693,1- TAX CONTINGENCIES RELATIVE TO PRIOR YEARS - CIGARETTES, SMOKING, ETC. OECE~ER 31, 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRESENTS THE NET CREDIT TO CIQARETTESj SMOKINGj ET¢.p|NCON£ COVERING THE NORHAL OVERPROVlSION fOR TAXES RELATIVE TO PRIOR yEARS AS 9ETERHIN£D BY OUR TAX DEPARTHENT DURING THE CURRENT TEAR, THIS ACCOUNT RECORDS$ 1 - CREDITS FOR: A- O[B|T$ TO ACCOUNT Noe "50L75- PROVISIOX fOR TAX CONTINGENCIES RELATIVE TO PRIOR YEARS AND INTEREST THEREONI TO TRANSFER OVERPROVIBIONS FOR TAXES APPLICABLE TO PRIOR YEARSe 2 - DEBITS FOR: A- CREDITS TO ACCOUNT NO, "50L75- PROVISION FOR TAX CONTINGENCIES RELATIVE TO PRIOR YEARS AND INTEREST THEREONm TO SET UP ADOITIO4~AL PROVISIONS fOR TAXES APPLICABLE TO PRIOR YEARS, B" CREDITS TO ACCOUNT Noj n~)O- REFUNDS AND AOJUSTHENTS OF FEDERAL AND STATE TAXES OF PRIOR TEARS, WITH INTEREST THEREON, LESS RELATED EXPENSESN TO RECORD TRANSFERS Or CURRENT Y£ARIS ABNDRHAL ADJUSTHENTS AND REFUNDS Dr TAXES RELATIVE TO PRIOR yEARSe C- TRANSFER OF CREDIT BALANCE AT YEAR END TO ACCOUNT NO, "812- INCOME,n A SUNt4ARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: KINO ~r TAX ~VERRROVISlON OF TAXES RELATIVE TO PRIOR YEARS: TRANSFER Or ~951 ASNORNAL ADJUST- MENTS TO ACCOUNT No. "8DO--REfUNDS AND ADJUSTMENTS OF PEOERAL AND STATE TAXES OF PRIOR yEARSw WITH INTEREST THEREONw LESS RE- ~Ajco ~xPc.sgs" FEDERAL INCOME 19h9 205,658.61 205,658.61 COLORADO Income 19~8 To 1950 1,055.~! 1,O~5.~1 GEORGIA |NCONE 1950 2,~t.k9 2,h~.h9 K~NTU~KY |NCOH¢ 1950 200,0~ 200.0~ LOUISIANA INCOME 1950 728.53 728.53 MINNESOTA INCON£ 1950 2,913.39 2,913.39 MISSOURI |NCONE 1950 1,875.11 1,875oll Nzv YORK FRANCHISE 19h8 AND 19~9 8,13%56 8.139.5~ NORTH CAROLINA INCOME 19~9 55.72 55.72 OHIO TAX ON SHARES 19h5 ANO 19~ 80,~8 80.68 ONc*.o.a I.COXE 1950 57T.~2 577.~2 OREGON Excise 1950 1,275.62 1,275,~2 TC.NESSEE EXCISE 1948 4o~.80 ~o~.8o (CONT INUEO) RI~O I NJ..T
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693.1- TAX CO~qTINGENCIES RELATIVE TO PRIOR YEARS - CIGARI'TTES, SMOKING, [TC. OEC£N~E:R 31, 1 951 PAGE 2 KIND OF TAX TOTA==..~L TRANsrER or 1951 ABNORMAL ADJUST- MENTS TO ACCOUNT NO. "&:)O- RErUNDS AND ADJUSTNENTS OF FEDERAL AND STATE TAXES Or PRIOR YEARS, WITH INTEREST THEREDNo LESS RE- LATED EXPENSESn NE~! ~VERPROVISION OF TAXES RELATIVE TO PRIOR yEARS: (CONTINUED) V,RG,N,A INTONE 19~8 TO 1950 T8,C~6.69 78,~6.69 WASHINGTON BUSINESS 19~ ____~97~h ..... 297.1h _ _ LESS: ADDITIONAL PROVISION FOR TAXES RELATIVE TO PRIOR YEARS: ALABAMA INCOME I~O ARIZONA INCOME 19);8 TO I~)O CALIFORNIA FRANCHISE 19h8 AND 1950 INDIANA GROSS RECEIPTS 1~8 TO 1950 LOUISIANA INCo"E 19h8 HISSOURI INCON¢ 1948 NEV YORK FRANCHISE 1950 O~lO TAX ON SNARES 19hh AND 1SA7 TENNESSEE EXCISE 19h9 5,2~8.56 5,2h8.56 3,166.7h 3,166.7h 2~o.73 2ho.73 21,696.57 21,696.57 ~3.1h h3.1~ 9T.~9 97.h9 122.h6 122.~6 37.5h 37.54 _ 72,85 _ _ 72,85 .., ~0.726.08 _ _ 30,726.08 - ~,6~]~18, 27%6h7.18 _ -O- BALANCE, DECEMBER 31, 1951 -O- re R T:,~O I 025573B
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i 693.2- TAX CONTINGENCIES RIZLATIVE TO PRIOR YCARS - CIGARS DECEMBER ~I, 1951 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE NET CHARGE TO CIGAR DEPARTMENT INCOHE FOR THE UNDER" PROVISION FOR TAXES RELATIVE TO PRIOR YEARS AS DETERMINED BY OUR TAX DEPARTMENT DURING THE CURRENT YEAR. THIS ACCOUNT RECORDS: 1 - DEBITS FOR CREDITS TO ACCOUNT NO. m~OL75- PROVIS)ON FOR TAX CONTINGENCIES RELATIVE TO PRIOR YEARS AND INTEREST THEREONN TO SET UP ADDITIONAL PROVISIONS FOR TAXES APPLICABLE TO PRIOR YEARS, 2 " CREDITS FOR: A- O[BITS TO ACCOUNT NO. ItBOL~5- PROVISION FOR TAX CONTINGENCIES RELATIVE TO PRIOR YEARS AND INTEREST THEREON" TO TRANSFER OVERPROVISIONS OF TAXES APPLICABLE TO PRIOR YEARS+ B- TRANSFER OF DEBIT BALANCE AT YEAR END TO ACCOUNT NO, 1812- INCOME," A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE TEAR 1951 FOLLOWS: KIND OP TAX TOTA.~L TRANSFER Or 1951 ABNORMAL- ADJUSTMENTS TO ACCOUNT NO. riB00" REFUNDS AND AOJUSTNENTS OF FEDERAL AND STATE TAXES OF PRIOR YEARS, WITH INTEREST ~H[REON#,LESS RELATED EXPENSES" NE_..Z ADDITIONAL mROVI~SLONuFOR TpX£S RELATIVE TO PRfOR YEARS PENNSYLVANIA BONUS 1~:~0 9,626.03 PENNSYLVANIA FRANCHISE 19h9 AND 1950 8,~2.90 PCNNBYLVANIA INCOME 1950 1+1~.81 SOUTH CANDLmNA ImCO~E ~,~1~28 .2.2, cjS.~, o2 ..... 9,626.03 8,882.90 I ,I~3.81 ~,~ ,28 _ 22, c)~t; • 02 -0- BALANCE DECEMBER 31, 1951 -0- AI-:,<o +
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69ll- INT[KEST ON TWENTY YEAR ~ DCBENTURES HATUR|NG APRIL 150 19~2 • 1~1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS INTEREST EXPENSE ON TWI[NTY YEAR ~ DEBENTURES HATURING APRIL 1~, 19~. INTEREST IS pAYABLE SEMIANNUALLY ON APRIL 1~ AND OCTOBER 15 AT THE orracE oF THE COHPANY OR AT THE OFFICE OF GUARANTY TRUST COMPANY OF NEW YORK, PAYING AGENTS. THIS ACCOUNT R¢COROS| 1 - DEBITS FOR THE NET AMOUNT OF MONTHLY CREDITS TO ACCOUNT NO. n~OL10- INTEREST PAYABLE ON FUNDED DEBTw SUBACCOUNT NO. I1- GROSS INTEREST PAYABLEn - SUB-SUB- ACCOUNT NO. nC- TW[NTY YEAR ~ DEBENTURES MATURING APRIL 15j 1962" LESS MONTHLY DEBITS TO SUBACCOUNT Nog e~_ INTEREST RECEIVABLE ON FUNDED DEBT REACQUIREOI - SUB-SUBACCOUNT NO. nO- TWENTY YEAR ~ DEBENTURES MATURING APRIL 15, 1962" FOR INTEREST ACCRUED APPLICABLE TO BOfIDS NEACQUIRED BY THE COMPANY~ BUT NOT RETIRED. -CREDtTS FOR TRANSFER OF DEBIT ~ALANCE AT YEAR END TO ACCOUNT NO. "~1~- |NCOJ4£." A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1 FOLLOWS: ~EMORANDUN -- PAR VALU¢ BONDS PURCHASED OR Of DEBENTURES ~LL¢O FOR R[O~MPTION (~J~$TANOING |NT~R~$T p[RIO~ INTEREST PAYABLE DAT££ PAR VALU~ ~,I0~,00~.O0 JANUARY | TNRGU~N APRIL 12 629.~.O0 APRIL 12 ~,0OO.00 T3,72o,0c~.00 APRIL 13 THROUGH APRIL 15 18,k30.00 APRIL 15 335,OOO.00 73,3~,~.(~ APRIL I~ ~,115.~2 AP*IL 16 I.~I,0OO.O0 71,~64,000.00 APRIL 17 THROUGH MAY 1~ 166,T49.33 HAT I~ 1,0~9,000.00 70,~15,000.00 MAY 15 THROUGH AUGUST 31 622,031.00(1 ) AUG, 31 382,000.00 70e0~3,000.0~ SEPTEXBER 1 THROUGH SEPTEHBER 18 105,0~.50 SEPT. 18 12,000.00 70,O21,0OO.00 SEPTEMBER 19 THROUGH OCTOeCR 19 180,88T.~ OCT. 19 1,000.00 70,020,000.OO OCTOBER 20 THROUGH DECCHBER 31 ~1~,28b~99 DEBIT BALANCE TRAKSFERREO TO ACCOUNT NO. "~12- INCOMEH AT DECEMBER 31, 1~1 (1) |NCLUOES 31,~3 REPRESENTING INTEREST roR ONE DAY ON ~,0OO PER VALUE OF DEBENTURES PURCHASED - SETTLEMENT DATE AUGUST ~I. ~EW YORK STOCK EXCHANGE REQUIRES INTEREST BE PAID THROUGH ~IST DAY OF MONTH IF SETTLEMENT DATC FALLS ON LAST DAy OF 31 DAV MONTH, f~ll" ;KO 1
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.J ...~ .. 6~- |NCOi~ TAX O~ TAX-FREE COVf'NANT INTEREST PAID 1951 THE DEBIT DALANC[ OF THE ACCOUNT REPRESENTS THI~ IrXI~ENSE FOR INCOMr TAX ON INTEREST PAID ON TAX-FREE COVENANT BONDS OF THIS COMPANY, THIS ACCOUNT RECORDS: 1 - OESITS FOR: A- MONTHLY CREDITS TO ACCOUNT NO, m20~* INCOME TAX PAYABLE ON TAX-FREE COVENANT INTEREST PAID" COVERING LIABILITY FOR FEO[RAL INCOME TAX ON INTEREST ON TAX- FRE£ COVENANT BONDS OF THIS COMPANY. 2 - CREDITS FOR TRANSFER OF DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO, "812- INCOl<[." A SUHHARY ANALYSIS OF TRANSACTIONS FOR THE Y£AR 19~1 FOLLOVS: CR£OITS TO ACCOUNT No, "20L27" JANUARY FESRUARY MARCH . APRIL MAY JUNE dULY AUGUST SEPT[IdDER OCTOB[R NOVEMBER DECEMBER DEBIT BALANC[ TRANSFERRED TO ACCOUNT NO, "812- INCOME" AT DrCE.eCR 31, 1951 2.00 139.o~ 23.6o 8.86 ~.hO 2.00 1.20 117.86 6.81, 1.6o h.4o S~53 Pt 1" ;~ 0 1 02557'4-I
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-i "4 "696- DISCOUNT ON T~NTY YEAR 3:~ DEBENTURES HATURING APRIL 15, 1~2 1951 ~'H¢ OI.Pe|T BALANCE OF THIS ACCOUNT REPRESENTS THE CURRENT Y£ARIS AMORTIZATION OF DISCOUNT ON T~£NTY YEAR ~ OEDENTURES MATURING APRIL 15, 1962, THIS ACCOUNT RECORDS: 1 ° DEBITS FOR: A- MONTHLY CREO|T TO ACCOUNT NO, n~O- PREPAID INTEREST~ PREM|UH AND DISCOUNTI FOR THE CURRENT MONTHI~ AMORTIZATION Or DISCOUt~T ON "~#IENTY YEAR ~ D[SENTUR[S MATURING APRIL 1~, 1 96~ BASED ON THE Nt.RdBER OF ~l,0OOeOO PAR VALUE O/[SENTUREB OUTSTAND|NG ON THE LAST DAY OF THE PREVIOUS HONTHp EXELCtOING DEBENTURES CALL[O FOR REDEMPTION BY THE ~ INKIND FUND TRUSTEE. THE AHOUt4T OF AMORTIZATION P¢R DEBENTURE (.0~2916~) WAS DETERMINED BY D|V|OINO THE TOTAL AMOUNT O~ DISCOU~IT AT DATE or ,ssuc ($17.50) eY 2~0 MO"THS. B" CREDITS TO ACCOUNT NO. n~(~O- PREPAID INTERESTj PRZMIUt4~ AND DISCOUNTN FOR THE ENTIRE AMOUNT OF UNAMORTIZEO OISCOUNT TO MATURITY GAffE APPLICABLEj AS OF THE END OF THE CURRENT MONTH~ TO DEB[NTURES CALLEO FOR REDEMPTION BY THE SINKING FUND TRUSTEE OR REACQUIREO BY THE COMPANY DURING THE MONTH! 2 - CREDITS FOR TRANSFER OF DEBIT 5ALANCE AT YEAR END TO ACCOUNT NO, n812- |NCOt, IE.t A SUFCH*ARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: AMORTIZATION AT .o729167 PAR VALUE PER NONTH Or DEBEHTURES PER $~,OO0 0UTSTAND IN~ JANUARY THROUGH APRIL 7~,lOLJ,O00.O0 21,613.68 ~v 71 ,~ ,ooo.oo 5,21o.92 JUNE THROUGH AUQUST 70,h15,000.00 1~,~03.29 SERTE.aER 7o,033,ooo.oo 5,1o6.58 OCTOeER 70,021,000.00 5,105.?o NOVEMBER THROUGH DECEMBER 70,020,000,OO 10,211,26 UNA,O~TIZEO DISCOUNT ON DEBENTURES PURCHASED OR ;_CALJ.ED F~RR~O~MP, TION PAR VALUE .9~D~BEHT~RES OISCOUNz 2,6~o,ooo.oo ~5,313.7b ~.o4%0oo.oo 9,981.89 382,ooo.oo 3,55~.~o ~,ooo.oo ~o.69 1,060.00 9.15 D~BIT BALANCE TRANSFERRED TO ACCOUNT NO, =812- INCOME~ ~T DECEMBER ~1, 1951 TOTAL DISCOUNT ~6.927.~2 5 ,~ 92.8~ ~8,95~.69 5.217.27 5,~ ~.85 ,.1.o, ;~11.26 101.6~8.~0 ,754 RI" ~0"I 02%%(,.I-..-
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J 697- PR£HItJH OR DISCOUNT OH T~NTY-FIV[ YEAR ~ DE:DENTURES HATURING OCTC(~:R 1~, 1969 PURCHASED OR CALLED FOR REOCNPTION 1 ~1 THE BALANCE OF THIS ACCOUNT REPRESENTS THE DIFFERENCE BETWEEN THE PAR VALUE AND ACTUAL COST OF TW1ENTy- riVE YEAR ~ DEBENTURES MATURING O~TOBER l~j 19~D PURCHASED OR CALLED FOR REDEMPTION. A DEBIT BALANCE REPRESENTS THE EXCESS or PREMIUMS PAID OVER DISCOUNT EARNED ON DEBENTURES PURCHASED O4q CALLED AND IS A CHANGE TO INCOMEm A CREDIT BALANCE REPRESENTS THE EXCESS OF DISCOUNT EARNED ON DEBENTURES PURCHASED OVER PREMIUM PAID ON DEBENTURES PURCHASED OR CALLED AND IS A CREDIT TO INCOMEi THIS ACCOUNT RECORDS| 1 - DEBITS FORI A- CREDITS TO ACCOUNT NO, "~AI~- SINKING FUND CASH IN HANDS OF TRUSTEE - TWENTY" rive YEAR ~ DEBENTURES HATURING OCTOBER 1~, 1969n FOR PREMIUH PAiD ON ~EHTY- rive YEAR ~ DEBENTURES HATURING OCTOBER 15e 1 969PURCI4A~EO OR CALLED FOR RE- DEMPTION BY TH¢ SINKING FUND TRUSTEEe B- VOUCHER REG IST[R CHARGES COVERING PREMIUM PAID ON TWENTY-FlY[ YEAR ~ DEBEN- TURES MATURING OCTODER 15. 1 969 PURCHASED BY THE COMPANYe q C- TRANSFER OF NET CREDIT BAlaNCE AT YEAR END TO ACCOUNT NOB w812- |NCO~4E.I 2 - CREDITS FOR: A- DISCOUNT EARNED REPRESENTING THE EXCESS Of PAR VALUE OVER PURCHASE PRICE ON TWENTY--FIVE YEAR ~ DEBENTURES MATURING OCTOBER 1~, I~:)~ REDEEMED BY THE SINKING FUND TRUSTEE OR PURCHASED BY THE COMPANYe 8- TRANSFER OF NET DEBIT BALAN¢[ AT YEAR END TO ACCOUNT NOe :812- INCOH[.I A SUMHARY ANALYSIS OF TRANSACTIONS FOR THE YtAR 1951 FOLLO~SI DATE OF PURCHASE DEBENTURES ~URCH~SED APRIL 16 1 0000.00 T.50 HAY 2~ ~O0,O00.OO 750.00 JUNt 8 2,000.00 5.00 SEPT. 1~ ~9 ~o9_ 5~.ooo.oo DEBENTURES CALLED FOR REDEMPTIO#4 DATE OF CJL~ PAN VALUE PREH I.,~ A~N,L 15 ~ DEBIT BALANCE TRANSFERRED TO ACCOUNT NO. "812- |NCOH£I AT DECEMBER 31 • 1~1 TOTAL PREMi~ R'I- ;KO 1 02 55 }:",-I- 3
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iji~:~,-.~-~:,¸ -: i . i J. ( 41 -! 699- PREHIUH OR DISCOUNT ON IWgNTY YEAR ~1~ DE6ENTURES HATURING APRIL 1~, 1962 PURCHASED OR CALLED FOR REDEHPTION 1951 THE IALANCE OF THIS ACCOUNT REPRESENTS THE D IFFER[NC[ BE T1QECN THE PAR VALUE AND ACTUAL COST OF T~[NTY YEAR ~ DEBENTURES NATURING APRIL 1~, 1~ PURCHAS~O OR CALLED FOR REOC~PT|ONI A DEBIT BALANCE REPRESENTS THE EXCESS O~ PREN|U~4S PAID OVER DISCOUNT EARNED ON DEEENTURES PURCHASED OR CALLED AND IS A CHARGE TO INCOHE, A CR{OIT BALAN~C REPRESENTS THE EXCESS OF DISCOUNT EARNED ON DEBENTURES PURCHASED OVEN PREM|UH PAID ON DEBENTU~S PURCHASEO OR CALLCO AND |S A CRED|T TO INCOMEo THIS ACCOUNT R¢CORO5| I - DEBITS FOR: A- CREDITS TO ACCOUNT NO, fl~lO- SINKING FUND CASH IN HANDS OF TRUSTEE ° TWENTY YEAR ~ DEBENTURESB FOR PREMIUM PAID ON T~NTY YEAR DEBENTURES PURCHASED OR CALLED FOR REOE~PTION BY THE SINKING FUND TRUSTEE, Be VOUCHER REGISTER CHARGES COVERING PRENIUt4 PAID ON T~ENTY YEAR DEBENTURES PUR~ CHASED BY THE CO#4PANY. C- TRANSFER OF N¢T CRCDIT BALANCE AT THE YEAR END TO ACCOUNT NO, "812- |NCO~E," 2 - CR[DITS FORI A- DISCOUNT EARNEDI REPRESENTING THE ¢XCEBS OF PAR VALUE OVER PURCHASE PRICE OF TWENTY YEAR DEBEHTURES PURCHASED BY THE SINKING FUND TRUSTEE AND BY TH~ COt4PANY, B- TRANSFER Or NET DEBIT BALANCE AT THE YEAR END TO ACCOUNT NO, "812- INCONE,"" A SUMMARY ANALYSIS OF TRANSACTIONS FOR TH£ YEAR 19~I FOLLOWS: OEpE~T~FS PURCHASED __ _ DATE OF PAR VALUE PRZHIU.__...~ APRIL 12 36~,OOO.OO 3,~O.OO APRIL 16 1,921,OOO.OO 19,210.OO HAY 14 1,0k9.0OO.OO IO.~90.00 Auo, 31 382,ooo.oo 4,TTS.oo ~EPT, 18 I~jO00,O0 1~,00 DEBENTURES CALLED FOR REOENPTION DATE Or CAL~ PAR VALUg.mm.~[ PR~NIUH A,R.L 15 ~ DEBIT BALAN¢[ TRANSFERRED TO ACCOUNT NO. "~12- It*CONE" AT DECEHBEN ~1, 1951 TOTAL f:ll" ~01 02 557'4,$
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J / "(O5- PROFIT ON PALL MALL CIGARETTES SOU) TO AHERICAN CIGARETTE AND CIGAR COMPANY 1951 THE CREDIT BALANCE OF THIS ACCOUNT REPRCSENT~ THE PROFIT REALIZED ON PALL HALL CIGARETTES SOLD TO THE AMERICAN CIGARETTE AND CIGAR COHPANY UNDER THE TERMS OF THE AMENDATORY AGR[EN1ENT MADE OEC£MBER 19, 1~9j EFFECTIVE AS OF JANUARY 1, 19~9. THIS PROFIT CONSISTS OF: ~, SIX CENTS PER THOUSAND CIGARETT£B BOLD TO ~ERICAN CIGARETTE AND CIGAR COMPANYo CIGARETTES ARE CONSIDERED AS =SOLDw t~H£N THEY ARE SHIPPED FROM OUR FACTORY TO CUSTON[RS OR WHEN THEY ARE RECEIVED AT PUBLIC WAREHOUSES, 2, |NT£R£BT ON THE COST OF LEAF TOBACCO USED IN THE MANUFACTURE OF SUCH CIGARETT£S COMPUTED AS OUTLINED IN THE FOURTH PARAGRAPH OF THE AHENDATORY AGREEMENTe THIS ACCOUNT RECORDS| 1 - CREDITS FOR MONTHLY FORM JOURNAL £NTRY RECORDING WEEKLY alNTERIN BILLSw AND FINAL MONTHLY BILL TO AM£RICAN CIGARETTE AND CIGAR CO#4PANY MADE IN ACCORDANCE WITH THE FIFTH PARAGRAPH OF THE AMENDATORy AGRE£MENT, - DEBITS FOR: A- CREDITS TO /~4£RICAN CIGAR£TT£ AND CIGAR COIqPANY BY BRANCHES FOR INTEREST ON LEAF SALVAGE YALU£ APPLICABLE TO UNSALAJ)L¢ RETURNED PALL MALL CIGAR£TTES. B- TRANSF£R OF CREDIT BALANCE AT END OF YEAR TO ACCOUNT NO. "812- INCOHE.m A SUNHARY ANALYS IS Or TRANSACTIONS FOR THE YEAR 1951 FOLLOVSI SiX CENTS PER THOUSAND CIGARETTES SOLD INTEREST ON LEAF L£ss: CREDITS FOR INTER¢ST ON L£AF APPL|CABL£ TO UNSALABLE RETURNED PALL HALL CIGARETT£B CREDIT BALANC£ TRANSF£RREO TO ACCOUNT NO. =812- INCOME= AT DEC£~ER 31, 1951 b,, 188,26"/.t~8 2,O62,162.~9 357 RI";~O 1 02 55?4.5
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i-i : F-- 7,06- COST OF DISMANTLING BUILDINGS AND EQUIPla~NT 19'31 THg DEBIT BALANCE OF THIS AccoUNT REPRESENTS THE COST OF DISHANTL|NQ BU|LOINGS AND EQUIPHENT. THIS ACCOUNT RECORDS: 1 - ~[B|TS fOR CHARGES RECE|V[O FROf4 BRANCHES COVERING COST OF DISMANTLING VARIOUS BUILDINGS AND EQUIPMENT, 2 - CREDITS FOR TRANSF(R or DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO. "812o INCOME." A SUH~ARY ANALYSIS Or TRANSACTIONS FOR THI[ yEAR ~ fOLLOWS." REIDSVILLE ~RANCH~ DISMANTLING WATER STORAGE TANK DEBIT BALANCE TRANSFERRED TO ACCOUNT NOD u~1~- |NCOMEm AT DECEMBER ~I, 19~I S.SS A]'~O 1 02557'~6
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"{0"(- C(~T OF CONSTRUCTION PROJECTS ABANDONI~D THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS EXffENSES INCURRED ON CONSTRUCTION PROJECTS ABANDONED DURING THE YEAR, THIS ACCOUNT RECORDS2 1 - DEBITS FOR CREDITS TO ACCOUNT NO. a~l5- CONSTRUCTIO¢*IB TO TRANSFER COSTS ACCUI4ULATEO ON CONSTRUCTION PROJECTS WHICH HAVE BEEN ASANDONEO. 2 - CREDIT FOR TRANSFER OF DEBIT BALANCE AT [NO Or YEAR TO ACCOUNT NO. "812- IRCCX~." THERE WERE NO TRANSACTIONS RECORDED IN THIS ACCOI.INT DURING ~1 • ~59 R]'~01 025S?4p
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-70~.1- UNABSCRBCO rXPENS[S - CIGARETT[S. SI'40KING,, ETC. 1951 ~r THIS ACCOUNT RECORDS EXPENSES INCURRED AT OTHER THAN CIGAR BRANCHES AND CIGAR LEAr DEPARTMENTS S[FOR[ THE START OF PRODUCTIONj AND EXCESSIVE OVERHEAD DURING THE EARLY MONTHS Or PRODUCTIONe THIS ACCOUNT RECORDS: 1 - DEBITS fOR CHARGES fROM OTHER THAN CIGAR BRANCHES FOR: A- EXPENSES INCURRCD BEFORE THE START O~r PRODUCT|ONe 8- EXCESSIVE EXPENSE DURING TH[ EARLY NONTHS Or PROOUCTIONo 2 - CREDIT FOR TRANSFER OF DEBIT BALANCE TO ACCOUNT NO. "812- INCOH[" AT END OF YEAR, THIR£ WERE NO TRANSACTIONS RCCORO£O IN THIS ACCOUNT DURING THE YEARe 260 '-.. "- .... 7'48
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• i i¸" Y 7o8.2- UNABS0REO EXPENSES - CIGARS THIS ACCOUNT RECORDS EXPENSES INCURRED AT CIGAR 8RANCHES AND CIGAR LEAF DEPARTMENTS SErOX£ THE START OF PRODUCTION AND EXCESSIVE OVERHEAD DURING THE {ARLY MONTHS OF PRODUCTION; ALSO EXPENSES AFTER PRO- OUCTION HAS B{EN DISCONTINUED. THIS ACCOUNT RECORDS: 1 - DEBITS FOR CHARGES FROM CIGAR BRANCHES AND LEAF DEPARTMENTS FOR: A- EXPENSES INCURRED BEFORE THE START OF PRODUCTION. B" EXCESSIVE EXPENSES DURING THE EARLY HONTH$ or PRODUCTIONe C- EXPENSES INCURRED DUE TO DISCONTINUANCE OF pRODUCTION. 2 * CREDIT FOR TRANSFER Or THE DEBIT BALANCE TO ACCOUNT NO. N812- INCOMEm AT [NO OF YEARe A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS| KENTUCKY BRANCH EXPENSES DUE TO DISCONTINUING OF PRODUCTION OF HAVANA LINE CleARS IN APRIL EXPENSES PREPARATORY TO MANUFACTURE or HAVANA LINE CIGARS IN SEPTEMBER: PREPARATION OF BUILDING SPACE PREPARAT|ON OF MACHINERY AND EQUIPMENT TRAVELING EXPENSE DEBIT BALANG[ TRANSFERRED TO ACCOUNT NO. w812- {NCOHE" AT OECE.eER 31, I~1 1,7hS.G3 3,2o6.77 BGI AT~OI~ 02~74q
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- i:: ~:* • _,? ¸ . ~10,1- FLO00 LOSS - CIC.~RIrTTE$. SHOKING, ETCo 1951 THE O£BIT BALANCE OF THIS ACCOUNT REPRESENTS THE NET LOSS RESULTING FROt4 DAMAGE TO CIGARETTES AND BHOKING TOBACCO BY TORNADO AND FLOO0 WATERS. THIS ACCOUNT RECORDS: I - DEBITS FOR: A- CHARGES FROM OTHER THAN CIGAR BRANCHES FOR THE VALU~ OF MERCHANDISE LOSS DUE TO FLOOO~ AND TORNADOS INCLUDING TRA.%SPORTATION AND HANDLING CHARGES INCURRED THEREONe B" MISCELLANEOUS LOSSES AND EXPENSES DUE TO FLOODS AND TORNAOOSQ 2 -- CREO|TS FOR; ~- REDEMPTION VALUE OF FEDERAL AND STATE TAX STAMPS ATTACHED TO HANUFACTURED GOODS DA~AG[D BY fLOOD ~ATERS AND TORNADOS. B- TRANSFER OF DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO. ff812- ~NCOHE.e A SUM/4ARY ANALYS IS OF TRANSACTIONS FOR THE YEAR 1~F~1 FOLLO~4~: VALUE OF HERCHANOISE DAMAGED BY FLOODS AND TORNADOS AND TRANSPORTATION CHARGES THEREON HAHOL|NG ~XPEHSE$ LESS: REDEMPTION VALUE OF FEDERAL AND STATE TAX STAMPS ATTACHED TO DAHAGEON~RCHANDISE DEBIT BALANCE TRANSFERRED TO ACCOUNT NO, "812- INCOME AT DECEMBER ~1, I~51 5,899.2B 6,O82.70 ,r,) ,-) R 1" ~;r,.~ "1 r,.-~255 ~ 50
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,i 710.2- FLOOD LOSS - CIGARS 1951 THE DEBIT BALANCE or THIS ACCOUNT REPRESENTS THE NET LOSS RESULTING FROM DAMAGE TO CIGARS BY TORNADO AND FLOOD WATERSe THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A- CHARGES FROM CIGAR BRANCHES FOR THE VALUE OF MERCHANDISE LOSS DUE TO FLOODS AND TORNADOS INCLUDING TRANSPORTATIOq AND HANDLING CHARGES INCURRED THEREONo ~- MISCELLANEOUS LOSSES AND EXPENSES D~ TO FLOO~S AND TORNADOSe 2 - CREDITS FOR: A* AMOUNT OF CLAIHS FILED BY CIGAR BRANCHES IN CONNECTION VITH REDEMPTION VALUE OF FEDERAL AND STATE TAX STAMPS ATTACHED TO MANUFACTURJ~D GOODS DAMAGED BY FLOOD WATERS AND TORNADOSo ~- TRANSFER OF DEBIT BALANCE AT END OF YEAR TO ACCOUNT NO. "812- INCOME." A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 19'~1 FOLLOVS: VALUE OF MERCHANDISE DAMAGED BY FLOODS AND TORNADOS AND TRANSPORTATION CHARGES THEREON HANDLING EXPENSES LESS: REDEMPTION VALUE or ~EDERAL AND STATE TAX STAMPS ATTACHED TO DAMAGED MERCHANDISE DEBIT BALANCE TRANSFERRED TO ACCOUNT NO. #~1~- iNCOMER AT D~CEMBER ~I, I~I 2,310.10 r) ,,) ,,~i~),L) R1-~01 025575"I
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-~i~-~ .-- - ....... ~ .......... "/11 ,1- UNDSSTRIBUTEO EXPENSE - CIGARETTES, SMOKING, ETC. THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE NET EXPENd[ APPLICABLI[ TO DTHrR THAN CIQARSw WHICH IS NOT PROPERLY CHARGEABLE TO OTHER EXPI[NSr ACCOUNTS, O~ WHICH WAS RECORDED AFTER THE BRANCH AND OTHER |NCQt4[ AND II'XPt'HS[ ACCOUNTS WERE CLOSED ~'ORI~IE Y(AB, THIS ACCOUNT RrCOROS: 1 - 0rBtT$ FOR: A- MISCELLANEOUS NON-RECURRING EXPENSE IT[~ WHICH ARE NOT PROPERLY ¢HARGCABI, E TO OTHI[R EXPENSE ACCOUNTS AND FOR WHICH SE:PARATr ACCOUNTS HAVE HOT BEEN PROVIDED. CHAF~OES APPLICABLE TD DRANCH AND OTHER CO~T ACCOUNTS IN PRIOR HONTNS, WH|CH WERE RECEIVED AND RECORDED IN THIS ACCOUNT IN THE CURRENT HONTN S0 THAT THE CURRENT HONTH|S BRANCH AND OTHER COST ACCOUNTS WILL NOT Or DISTORTED. C" CHARGES APPLICABLE TO PRIOR YrARSI BRANCH AND OTHER C06T ACCOUNTS, RECEIVED AND RECORDED IN THIS ACCOUNT DURING THE YEAR SD THAT THE CURRENT Y[ARIS BRANCH AND OTHER CG6T$ ACCOUNTS WIlL NOT BE DISTORTED. D- DECEMBER CHARQES APPLICABLE TO BRANCH AND OTHER CO~T ACCOUNTSe R(¢[IV(O AND RECORDED AFTER THE I~RANCH AND OI'H£R CO~T ACCOUNTS HAD BEEN CLO~ED IroR THE VICAR, [- rXPENS[S RE| J. WIX AND SON$~ LIHITEDm AND SOCt[T[ ANONyHE DES PAPETERIE$ DE I~uou i T. - CREDITS F'OR: A- MISCELLANEOUS NON-RECURRING INCOME IT(MS WHICH ARE H0T PROPER CREDITS TO OTHER INCO~4~ ACCOUNTS AND IrOR ~/HICH SEPARAI"I[ ACCOUNTS HAVE NOT SEEN PROVID(:O. B- CREDITS APPLICABLE TO BRANCH AND OTHER COST ACCOUNTS IN PR|01~HONTHS, WHICH WERE RI[CEIVED AHD RECORDED IN THIS ACCOUNT IN THE CURRENT MONTH SO THAT THE CURRrNT 14ONTHI$ BRANCH AND OTHER C0eT ACCOUNTS ~JILL NOT BE DISTONTEO* C- CREDITS APPLICABLE TO PRIOR yrARSI BRANCH AND OTHER C0~;TS ACCOUNTBp RE(~rlVrD AND RECORDED IN THIS ACCOUNT DURING THE YEAR SO THAT THE CURRENT YrARIS BRANCH AND OTHER CO4tTS ACCOUNTS Wit.t. NOT BE DISTORTED, D- DrCEMBER CREDITS APPLICABLE TO BRANCH AND OTHER COST ACCOUNTS, RECEIVED /*NO RI'CORDED AirTER THE BRANCH AND OTHER C0~T ACCDUHTS HAD BEEN CI.OSED FOR THE YEAR, E- TRANSFER or ORBIT BALANCE AT END OF" YEAR TO ACCOUNT NO. "B12- INC~£.n A SU~,I~ARY ANALy~I141 OF" TRANSACTIONS IroR THE YEAR ~)~1 POLE.ORS: ( CO~T ~NU£O ) ~G4 RT~OI 02557~
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711,1- UNDISTRIBUTED EXPEI~E - CIGARETTES, SMOKINGp ETC. 1951 PA~ 2 JTEF4~I RECLASSIFIED TO ACCOUNT NO. 1610,1- COST OF SALES - CIGARETTES~ SMOKING~ ETC.jl pAyMENTS MADE IN 1921 TO SOUTHEASTERN AROt4ATIC TOBACCO COMPANY FoR PORTIONS or 1950 CROP 2~,901~.14 LESS: VALUE AT WHICH TOBACCO IS TO BE TAKEN INTO STOCK ~2°691.~8 EXPENSES INCURRED AT DURHAH BRANCH IN CONNECTION VITH EXPANS ION OF HERBERT TAREYTON FACTORY ADDITIONAL PROVISION FOR UNEMPLOYMENT INSURANCE TAX IN 8TATE OF VIRGINIA FOR THr FIRST QUARTER OF 1951 DUE TO INCREASE IN RATE FRO~'I 1 .~1~ TO 2.~ EFFECTIVE JANUARY 1, 19~1 18,~.1 .10 CO6T OF SPARE PLATES FOR CHECK SIGNING MACHINE STORED AT DURHAH BRANCH 286.20 RETROACTIVE VAGE ADJUSTMENT AT DURHAM BRANCH 2~O.~3 COST OF 16~0 HALF AND HALF 16 OUNCE CONTAINERS AND FREIGHT THEREON DAMAGED BEYOND USE IN SHIPHENTS FROM AMERICAN CAN COMPANY TO AND FROM RICHNOND BRANCH 21f9.1b' REVERSAL OF" DECEMBER I~0 CREDIT FOR REPAIR EXPENSE CHARGED TO LOUISVILLE BRANCH GENERAL FACTORY OVERHEAD IN EXCESS OF" AMOUNT ACTUALLY EXPENDED ON ,JOB NO. 1816 22~.00 PAYMENT HADE TO GOODYEAR T IRE AND RUBBER CO#4PANY COVERING ADDITIONAL RENT FOR MONTHS OF JULY AND AUGUST DUE TO INCREASED RENTAL OF" STORAGE SPACE U~ED BY RICHMOND BRANCH 152.~ STORAGE CHARGI.~$ ON HALF AND HALF SHIPPING CONTAINERS STORED TEMPORARILY AT SEABOARD TERMINAL AND REFRIGERATION COMPANY BY RICHMOND BRANCH FoR use BY AMERICAN CAN COHPANY 1~7.~:~ HEOICAL EXPENSES OF" LOUISVILLE BRANCH FACTORY EMPLOYEE NOW RECEIVING RETIREMENT BENEFITS 133.12 ALLOWANCE DEDUCTED FROH CREDIT HS'NORANDUM FROM DOBECKHUN CO. IN CONNrCTION WITH WHITE ZIP TAPE:RETURNED TO SUPPLIER BY BRANCHES, 172"96 ADJU6TNENT OF SHALL BRAND LEAF INVENTORY VALUE OF SHALL[R BRANDS ON HAND AT DURHAM BRANCH AT OCTOBER ~1 TO REFLECT REDUCTION OF DUTY ON TURKISH TOBACCO "/~.8~ UNDERIqROVISlON FOR VACATION° HOLIDAY AND RELATEG SHUTDO~tN EXPENSES APPI. ICABL¢ TO LOUISVILLE BRANCH 62.2b' ADDITIONAL FREIGHT CHARGES ON ~ CELLOPHANE WRAPPING HACHINES SHIPPED TO LOUISVILLE BRANCH BY DURHAM BRANCH ~.21 UNAMORTIZED PORTION OF MAINTENANCE CONTRACT FoR YEAR 1951 APPLICABLE TO HONROE CALCULATING MACHINE TRANSFERRI[G FROM LOUISVILLE BRANCH AND SOLO BY PHILADELPHIA BRANCH TO MONROE CALCUL~T iNG 14ACH I NE COMPANY 38.:3:3 (CONTINUED)
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"(11,1- UNDISTRIBUTED EXPENS~ - CIGARETTES° SHOKING, ETC. |TEHS RECLASSIFIED TO ACCOUNT NO. "610.1- COST or SALES - ~I~ARETT¢$I $14OKING: ETC.w (CONTINUED) AMOUNTS DU¢ VARIOUS SUPPLIERS FOR DISCOUNT AND FREIGHT CHARG¢S ERRONEOUSLY DEDUCTED FRO04 THEIR INVOICES BY BRANCHES UNCOLLECTIBLE PORTION OF RAILROAD TICKETS PURCHASED IN 19~0 FOR HR. P, L. FOWLER AMOUNT UNBILLEO TO CUSTONERS REPREBCNTINQ COST OF LABOR USED IN AFFIXING STATE TAX STAMPS ON VARIOUS BRANDS AT DURHAM BRANCH ADDITIONAL MARINE INSURANCE PREMIUM PAID TO DESPARO CO+ BASED UPON GENERAL AVERAGE AS OF NAY 2p 1~¢~1 POSTAGE AND INSURANCE ON 2~,000 UNUSED ILLINOIS $.03 CIGARETTE TAX STAMPS SOLD BY DURHAM BRANCH TO SCUDDERS-GALE GROCERY COMPANY VALUE or UNUSED GENERAL FACTORY SUPPLIESI CARRIED WITHOUT V&LUE SET UP IN BRANCH INVENTORIES; BURHA~ BRANCH LOUISVILLE BRANCH RE|DSV|LLE BRANCH VIRGINIA BRANCH PORTION OF OVERPROVIS*ION IN ACCOUNT NS. "50L~)- RESERVE FOR EHPLOYERI$ LIABILITY INSURANCE" PORTION Or OECENBER 31 BALANCE IN ACCOUNT NO. "T~O- BRAACH ADMINISTRATIONn ADJUSTMENT OF PROVISION FOR STATE OF NORTH CAROLINA UNEMPLOYMENT INSURANCE DUE TO REDUCTION OF TAX RATE FROM ,~ TO .~ EFFECTIVE JANUARY 1 QUANTITY PURCHASE DISCOUNT RECEIV£O ON CONTAINERS pURCHASED DURING 1950 CONTINENTAL CAN COHPANY AM~R|CAN CAN COklPANY ADJUSTMENT IN PRICE OF WHITE ZIP TAPE BILLED BY DO6EEIO4UN Coo AT AN ADVANCE PRICE IN ANTICIPATION OF PRICE INCREASE ON CELLOPNANE BY DU PONT ADJUSTMENT OF PROVISION FOR STATE OF KENTUCKY UN- EMPLOYMENT INSURANCE DUE TO REDUCTION OF TAX RATE FROM 2.77~ TO 1.~ PORTION OF OVERPROVISION IN ACCOUNT NO, "~OL~- PROVISION FOR RETIREMENT BENEFITSn REruMD or EXCESSIVE FREIGHT PAID ON SH|PNENT OF MAPLE SUGAR IN 1950 OVERPROVISION FOR STATE AND COUNTY TAXES APPLIP..ABI.I[ TO LOUISVILL¢ BRANCH 13,519.11 10,1;39.26 1~,~)7.~ 1.96 hh.~3o.5~ 33.116.78 2o,3hS.3h 17,~0.55 17,321.51 9.3~5.89 8.3o6.82 8,259.96 2,896.9o 2,011.50 PAGE 3~ (CoNTINUtO) f~ T ~ 0 1 366 0 2 5_%.- 7~5,.~
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711.1- UNDISTRIBUTED EXPENSE - CIGARETTES, SHOKING, [TC. 195~ PAGE |TINS RECLASSIFIED TO ACCOUNT NO. "610.1- COST OF" SALES - CIGARETTESF..$HOKINGp ETC." (CONTINUrO) EXCESS AMOUNTS CHARGED TO COSTS AND OTHER EXPENSES IN PRIOR ACCOUNTING P[RIOOS APPLICABLE TO: LOUISVILLE B~ANCH 310"49 V,RGiNIA ~ANCN 538.87 LOUISVILLE BRANCH - JoB No, 1936 285-18 LOUISVILLE BRANCH - JOB No, 2030 64"91 1,199.45 pORTION OF" ADJUSTMENT OF" UNABSORBED PREMIUM D[PO61TS AT DECEMBER 31 , 1951 APPLICABLE TO 1OO~ HUTUAL AND CONBINATION ~LOATER POLICIES 1,175.34 EXCESS OF" CREDITS RECEIVED F.ROM DURHAM BRANCH F"OR ACCRUED ROYALTY ON FREE CIGARETTE BOOKS HANUFACTURED WITH DOMESTIC PAPER OVER ~O,OOO.OOw THE ANNUAL PAYMENT TO LA CROIX FiLS AS SUCH ROYALTY 88e .o9 REF"UND RECEIVED F"ROH L ~ER BROTHERS FOR F.ROZEN GLYCERINE RETURNED BY LOUISVILLE BRANCH 259.20 PORTION OF. CREDIT BALANCE TRANSF"ERR£D F"ROH ACCOUNT NO. m~OL96- Gmoum Life INSURANCE DIVIDENDw VOLUM[ REBATE F.ROM~IEOENBACH-BROWN C0. INCREASING D,SCOUNT TO 35~ SiRCE PURCHASES F.OR 1950 ExcEEDeD $20.O00 ,NSTEAD or 3~ ON $15,00OBAS'S CREDIT F"RON SUPPLIER FOR CELLOPHANE MACHINE PARTS RETURNED 242.9~, OVER PROVISION IN ACCOUNT NO. N~OAgO- RESERVE F.OR DEPRECIATION OF AUTOMOBILE TRUCKSj TRACTORS AND TRAILERSN 158.31 ADJUSTMENT OF JOHN C. PAIGE AND CO~PANY FIRE INSURANCE PREMIUM DUE TO RETROACTIVE RATE DECREASE F"ROM ~.2~6 TO $.2~1 PeR $100. PER ANNUM F"RON JULY 19~1 TO NovEmsEm 19~1 135.~ REFUND RECEIVED F"ROH HONROE CALCULATING MACHINE COMPANY APPLICABLE TO MAINTENANCE CONTRACTS ON BRANCH NAC~IINES RESOLD TO SUPPLIER 34.50 AMOUNTS RECEIVED IN EXCESS OF" AMOUNTS CLAIMED FOR REFUND OF. EXCESSIVE DUTIES PAiD 11.78 ADDITIONAL O IS¢OUNT ALLOWED BY CONTAINER CORPORATION OF. AMERICA 10.00 REFUND RECEIVED F.RON AMERICAN CAN COMPANY FOR ADDITIONAL DISCOUNT ALLO~ED ON PACKING AND SETTING UP CHARcJrs APPLICABLE TO HALF. AND HALF CONTAINERS SHIPPED TO RICHMOND BI~NCH 5.17 REF.UND REC£1VED FOR VIRGINIA BRANCH DUPLICATE PAYN~NT Or PARKE, DAVlG AND COMPANY INVOICE ~.10 ADJUSTMENT OF RESERVE F.OR DEPRECIATION ON 7 1/2H.P, MOTOR JUNKED AT REIDSVILLE BRANCH 3.39 (CONTINUED) R1"~Oi .~C,7 0255~D5
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/ 711.1- UNDISTRIBUTED EXPI[NSE - CIGAR[TIlES, SHOK|NG~ ETC. pAGe 5 |TINS RECLASSIFIED TO ACCOUNT Noe n610.1- COST OF SALES - CIGAReTTeS. SHOKING~ ETC." (CONTINUED) .-. RE¥[RSAL OF PROVISION fOR INSURANCE ON HIRED AUTOMO61L[$ AT NASHVILLE BRANCH R¢rUND R£CEIVEO fROM BRIGHT STEEL CORPORATION FOR MATERIAL LOST IN TRANSIT TO DURHAN BRANCH EXCESS CREDIT ReCEiVED FROM PETER J. SCHWEITZ~R OVER AMOUNT BILLED FOR CIGARETTE PAPER RETURN[O BY REBCRRCH LABORATORY DiffERENCE BETWEEN GCRRANO STEEL STRIPPING CO. INVOICE AND CREDIT RECEIVED FOR HAT£RIAL RETURNED BY RClOSVILLE BRANCH PAYMENT OF iNTERNAL REV[NUE STAMP CLAIM FILED FOR OUR ACCOUNT IN 1950 BY N, J. CORB[TT ~ CO,I INC., BUT NOT RECORDED ON OUR BOOKS REFUND RECE IVEO rROH LOUGHLIN STEEL SERVICE |NO. FOB DUPLICAT¢ PAYMENT OF PARCEL POST CHARGES OVERPROVIBION IN ACCOUNT NO. n~O~80- RESERVE FOR DEPRECIATION Or PASSENGER AUTO4~O61LESI NET R[CLASSlFIEO TO ACCOUNT NO, "610.1- COST Or SALES - CIGAR[TTESb SMOK|NGp ETC," 3.3¢ 2,21 2,13 2,0~ .1~8 IT¢MS RECLASSIFIED TO ACCOUNT NO. "612,1- FREIGHT AND SN|P ~NO [XPENSE *~tGAR~TTESI SMOKINGI ETCIN PORTION Or OV£RPROVISlON IN ACCOUNT NO, n~0~- PROVISION FOR RETIREMENT BENEFITS~ PORTION Or CREDIT BALANC[ TRANSfeRRED FROM ACCOUNT NO. "~OL~" GROUP LIFC INSURANCE OIVlOCNO¢ NIT RECLASSIFIED TO ACCOUNT NO. "612.1- FR[IGHT AND SHIPPING EXPENS[ - CIGAR[TTESp SMOKINOp ETC.I 2.77 2.69 (CoNT I NUEO) FI 1 NO "I 3GS 025_%-" " __ rSb
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~11 .1- UNDISTRIBUTED EXPEh~SE - CIGARETTES~ SHOK|NG, ETC, 19'51 PAOr 6 |TEN8 RECLASSIFIED TO ACCOUNT NO, =61~.1- N£~ YORK OFFICE SELLING EXPENSE - ~GARETTFS I SHOK I N91 ET~ 1¢ UNCOLLECTIBLE RAILROAD TICKET REFUND CLAIN$ PORTION OF UNDERPROVISION IN ACCOUNT Noe USOL~- PROVISION FOR RETIREHENT BENEFITSff PORTION Or CREDIT BALANCE TRANSFERRED FROH ACCOUNT NO. I~0L96" GROUP LIFE IN3URANCE DIVIDENDm NET RECLASSIFIED TO ACCOUNT NO. w61~.1- NL'~/YORK OFFICE SELLING EXPENSE - CIGARETTES, $HOKING~ LPlrc,a ITEMS RECLASSIFIED TO ACCOUNT NO. a616.1- SALESMENIS SALARY AND EXPENSE -CIGARETTES, SHOKJNGI ETC~~ ..... PORTION Or UNDERPROVISION IN ACCOUNT NO, n~OL~- PROVISION FOR RETIRENENT 8ENEFITSm UNCOLLECTIBLE PORTION OF RAILROAD TICKET REFUND CLAIN OVERPROVISION FOR DEPRECIATION ON SALESHtNIs AUTO#4OBILE$ AT DECE~ER 31, 1950 PORTION Or CmEOIT BALANCE TRANSFERRED rR¢~ Accouwr NO. I~)Lg~" GROUP LIFE INSURANCE DIVIDENDI NET RECLA$SIFIRD TO ACCOUNT NO. "616,1- $ALESH£NIS SALARY AND EXPENSE - CIOARETTE$~ SNOKING~ ETC.I ITENS RECLASSIFIED TO ACCOUNT NO. m~2.1- STORE AND GENERAL ADvFR~s/NG- CI;ARETTE$. SHOKINGI ETC~n ADDITIONAL PREHIUH ON ADVERTISERS! LIABILITY INSURANCE DUE TO INCREASED EXPENDITURES FROH JANUARY ~ TO ~Y 31, 1~1 PORTION OF UNDERPROVISION IN ACCOUNT NO. "~OL~- PROVISION FOR RETIREMENT BENEFITSI UNCOLLECTIBLE RAILROAD TICKET REFUND CLAIHS NET RECLASSIFIED TO ACCOUNT NO, l~2,1- STORE AND GENERAL ADVERTISING " C|GARETTESm SMOK|NOp ETCot 21 0.0~ 1 ~1.30 635.~ 3,312.36 ~o3.~ ~.~ 3~7.~o 2,690.17 ~78.96 (CORT I~uro) 369 AT' ~ ~-" ~, --. --o~ I" --,~ ("
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711.1- UNDISTRIBUTED EXPE~;E - CIGARETTES, SHOKING, ETC. 1951 PAGE "( .|TEN RECLASSlF'IEB TO ACCOUNT NO. iI(~.I- HILITARY SERVICE ALLGbIANCE - CIGARETTrS.~ SNOKING, ETC~,~ ....... PORTIO~q OF UNDERPROVISION IN ACCOUNT NO. :~OL5~ PROVISION fOR RETIREMENT BENEFITSu ~* -75 |TEN R£CLASBIF'JEO TO ACCOUNT NO. "712- PROFIT AND LOSS ON DISPOSITION OF CAPITAL ASSETS" SETTLEMENT Or 1~0 ACCIDENT CLAIN APPLICABLE TO SALESNENIS AUTOMOBILE SOLO IN OCTOI~ER 1950 131 .~5 ITEMS RECLASSIFi£O TO ACCOUNT NO. a722- GENERAL ANO AONINISTRATIVE EXPI~NSER PORTION OF UNOERPROVISlON IN ACCOUNT NO. "~OLr)~ PROVISION FOR RETIREHENT BENEFITSn MARYLAND BTATE USE TAX FOR P£RIOD JULY I, 191;7 TO DECEMBER 31, 1950 UNCOLLECTIBLE RAILROAD TICKET REFUND CLAIMS AOJU~TNENT OF ACCOUNT NO. "50L75- PROVISION roe TAX CONTINGENCIES RELATIVE TO PRIOR YEARS AND INTEREST THEREON#N APPLICABLE TO BUSINESS TAXES| LOS ANGELES, CALIFORNIA 19hT TO 1950 LOUISVILLE, KENTUCKY 19~ TO 1950 HONROE COUNTY. NEW YORK 19~8 TO 1950 NEV YORK, NEW YORK 19~5 TO 19~9 SEATTLE, WASHINGTON 19~3 TO 1950 REFUND OF UNEXPENOEO PORTION OF CONTRIBUTION TO "B~JSlNESS CONMITTE¢ ON EHERGENCY CORPORATE TAXATIONn OIS$OLVEO FEBRUARY ~, 19~1 REFUND OF INTEREST ON NEW YORK CITY EXCISE TAX AOdU~TMENT O~ EBTIHATEO PREHIUH COdlT rOE USE ANO OCCUPANCY INSURANCE FOR PERIOD NOV[NBER 1, 19h9 TO JANUARY I, 19~1 PORTION OF CNEOIT BALANCE TRANSFCRREO PROM ACCOUNT NO. tSOL96- GROUP LIFE IqSURANC¢ OIVIO¢NO" REVERSAL OF DECCNBER 1~0 CHAROE TO THIS ACCOUNT COVERING ADJU~TNENT FOR GOLO¢N BELT MANUFACTURING COMPANY INVOICE FOR SHIPMENT TO NEW YORK OFFICE PURCHASING DEPARTMENT VOUCHEREO IN JANUARy 1951 9,o96.00 h,533.53 23,898.37 3o~.92 ~1_,T99 .~9 liT7.23 18.12 69.955.~1 1,020°00 6o9.37 :>7.5o :>0.93 (CONTINU[O) r:~ I" >< 01 02NN?_%8
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!t i 711.1- UNDISTRIBUTrO [XPENSr - CIGARETTES, SHOKINGj ETC. pAGr 8 T[NS R[CLASS|FIED TO ACCOUNT NO. 1722- G[NERAL AND ADMINISTRATIVE EXPENSEn (CONTINUED) ADJUSTMENT Or ACCOUNT NO. 1693.1- TAX CONTINGENCIES R[LAT|VE TO PRIO~YEARS * CIGAR[TTESj SHOKINGp ETC.x APPLICJ~BL[ TO INTEREST O~1 NEW YORK CITY [XCIS¢ TAX NET RECLASSlFI£O TO ACCOUNT NO. "722- G£N£RAL AND AONINISTRATIV[ EXPENSE .lO ITEm RIPCLASSllrI£O AO rlOTHt'R EXPENS[$ AND LOSSESII PAY ROLL [X PIENS[ INCURRtO DUE TO FACTORY SHUTDOI~N for rUN£RAL OF HR, J, [. LIPScO*48, JR, OURHAH ~RANCH LOUISVILL£ BRANCH NASHVILL[ BRANCH REID3VILL£ BRANCH VIRGINIA BRANCH RI¢HNOND L¢AF DEPARTHENT ANERICAN SUPPLI[RSm INCORPORATED NET ¢XPENS£$ APPLICABL£ TO SOCIET[ ANONYME 0[$ PAPETERIES DE HAUOUIT N£T [XP£N$£S APPLICABL[ TO J. WIX AND SO~IS, LINITEO NET R[CLASSIFIEO AS nOTH£R [XPIENSES AND LO~SE$B 13,o~5.6o 443.22 26,252.33 23,~T8.33 2,586.~5 7,;87.35 95,~38.83 70.225.90 98,757.99 |TrM RECLASSlFI(;O AS "PROFIT O~1 MANUFACTURING ACTIVITIES FOR ANERICAN CIGARETTE AND CIGAR COMPANYII COST OF ¢ONV£R TING EQUIPMENT FOR PALL ~i~LL PROOUCTION AT VIRGINIA BRANCH D[BI7 BALANCE TRANSF£RREO TO ACCOUNT NO. "~12- |HCON£" AT D£C£Na[R 31, 1951 70,635.90 f~T XO| 0255~59
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:r -i ,711.2- UND|$TRIB~RT.O E×P[NS~ - CIGARS THE DEBIT BALANCE OF THIs ACCOUNT REPRESENTS THE NET EXPENSE APPLIC~L[ TO CIGARS ~ntlCH IS NOT PROPERLY CHARGEABLE TO OTHER CIGAR EXPENSE ACCOUHTB: OR t~HICN VAS RECORDED AFTER THE BRANCH AND OTHER INC~ AND EXPENSE ACCOUNTS WERE CLOSED FOR THE YEAR, THIS ACCOUNT RECORDS: 1 - DEBITS rOSz A- M|$C[LLANEOUS NONRECURRING [XPEN~[ IT~ WHICH ARE NOT PROPERLY CHARGEABLE TO OTHER EXPENSE ACCOUNTS AND FOR ~141CH SEPARATE ACCOUNTS HAYE NOT BEEN PROVIDED. B- CHARGES APPLICABLE TO BRANCH AND OTHER COST ACCOUNTS IN PRIOR MONTHSw WHICH WERE RECEIVED AND RECORDED IN THIS ACCOUNT IN THE CURRENT NONTH SO THAT CURRENT MONTH BRANCH AND OTHER COST ACCOUNTS WiLL NOT BE DISTORTED. C- CHARGES APPLICABLE YO PRiOR YEARS BRAISE41 AND OTHER COST ACCOUHTSp RECEIVED AND RECORDED IN THiS ACCOUNT DURING THE yRAR SO THAT CLNtlt£NT yEARIS BRANCH AND OTHER COST ACCOUNTS WILL NOT BE DISTORTED. D- D£C£HBER CHARGES APPLICABLE TO BRANCH AND OTHER CO~T ACCO~JNTS, RECEIVED AND RECORDED AFT£R THE BRANCH AND OTHER COST ACCOUNTS HAD BEEN CLOSED FOR THE YEAR. ~" CREDITS TO ACCOUNT NO. "8~55- PREPAID RENT" FOR THE DIFF£NENCE BETWEEN THE TOTAL MONTHLY L£ASE RENTAL AND THE TOTAL OF THE PORTIONS THEREOF SPECIFICALLY APPLIED TO BRANCHESw LEAF DEPARTMENTS AND VARIOUS OTHER ACCOUNTS. F- THANSF[R OF CREDIT BALANCE AT END Or YI[AR TO ACCOUNT NO. "812- INCO~,w 2 - CREDITS rOt~| A- MIBCELLANEOU~ NONRECURRING INCON~ iTEMS ~/HICN ARE HOT PROPER CNEOITS TO OTHER INCONE ACCOUNTS AND FOR ~tlCH SEPARAT[ ACCOUNTS HAVE NOT BEEN PROVIDED* B- CREDITS APPLICABLE TO BRANCH AND OTHER COST ACCOUNTS~ IN PRIOR MOt~TH$, ~/HICH WERE RECEIVED AND RECORDED IN THIS ACCOUNT IN THE CURRENT HONTH SO THAT CURRENT HONTN~S BRANCH AND OTHER COST ACCOUNTS WILL NOT SE DISTORTED. C- CREDITS APPLICABLE TO PRIOR YEARS BRANCH AND OTHER COST ACCOUNTS, RECEIVED AND RECORDED IN THIS ACCOUNT DURING THE y[JLR SO THAT CURRENT YEARIS BRANCH AND OTHER ¢~T ACCOUNTS WILL NOT BE DISTORTED* D- DECENBER CREDITS APPLICABLE TO BRANCH AHD OTHER COST ACCOUtiTBs RE¢£IYEO AND R£CORO~O AFT£R THE BRANCH AND OTHER COST ACCOUNTS HAD BEEN CLOSED FOR THE yEAR. [- TRANSFER Or DEBIT BALANCE AT END OF y(JLR TO ACCOUNT ~O. m~. |NC~4~:" A SUfB4ARy ANALYSIS Or TRANSACTIONS IrON THE YEAR ]~1 FOLLOt~'S| (COm'lNU(O) 0~? 55,. bO
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is_. */11,2- UNDISTRIBUTED EXPENSE - CIGARS 1951 PAGE 2 IT[NS mECLASSlFIED TO ACCOUNT NQ~ =610.2- COST 9r SALES - CIGAR=" PORTION OF THE HONTHLY LEASE RENTAL PAID TO ~IERICAN CIGARETTE AND CIGAR COf4PANY FOR LEASED FIXED ASSETS IN £XC[$S OF THE AHOUNT$ SPECIFICALLY APPLI[O TO BRANCHES AND OTHER ACCOUNTS RETROACTIVE WAGE ADJUSTHENTS: ASHLEY BRANCH CHARLESTON BRANCH KENTUCKY BRANCH PHILADELPHIA BRANCH SCRANTON BRANCH WILKES-BARRE BRANCH COST OF REPLACING 2-`7 FRESH WORK CIGAR MACHINES WITH 2-66 SOFT WORK CIGAR HACHINES| CHARLESTON BRANCH KENTUCKY BRANCH PHILADELPHIA BRANCH SCRANTON BRANCH WILKES-BARRE BRANCH ADDITIONAL PROVISION FOR STATE UNENPLOYMENT INSURANCE TAX IN STATE OF PENNSYLVANIA FOR FIRST qUARTER OF 1951 DUE TO INCREASE IN RATE FRON 1.7~ TO 2.7~ EFFECTIVE JANUARY 1, 1951 LEGAL FEES OF J, R, ROFTER AND S, |SENSCHMID FOR ACCOUNT OF HENRY CLAY ANO 80¢K k COMPANYe LINITED IN CONNECTION WITH REFUND OF CUSTOMS DUTIES ON TOBACCO WASTES ADDITIONAL PROVISION FOR STATE UNr.HPLOYMENT INSURANCE TAX IN STATE OF SOUTH CAROLINA FOR PERIOD JANUARY 1, 1951 TO OCTOBER 31, 1951 DUE TO VOLUNTARY CONTRIBUTION MADE IN RETURN FOR DECREASED 1952 RATE OVERT INE WAGES APPLICABLE TO OFFICE PERSONNEL IN PREPARATION OF RETROACTIVE PAY ROLLS AT CHARLESTON BRANCH AMOUNT Or AMORTIZATION FOR 19~1 ADOITIONSa AT ACTIVE LOCATIONSB TO PROPERTY LEASED FROH AMERICAN CIGARETTE AND CIGAR CO#4PANY COST OF RELOCATING FENCEp GATE AND FUEL OIL TANKS IN YARD UNDER CONSTRUCTION AT NORFOLK LEAF OEPARTN£NT REVERSAL Or DECEHBER 1950 CREDIT TO THIS ACCOUNT COVER|NO ADJUSTMENT OF PROVISION IN ACCOUNT NO, m6~20- RESERVE FOR REPAIR CONSTRUCTIONR AT OECEMBER 31, 1~0 APPLICABLE TO CHARLESTON BRANCH ,Joe No. 13(~ ADJUSTMENT Or UNOERSTATENENT OF SEED SCRAP V IN CHARLESTON B~ANCH COSTS 9,0~h.63 ~6,3h3.17 10,1~1 .`71 5,9o5.83 ~,372.35 7.226.29 3,o72.~8 8o6.~7 5,156.15 `798.6tL 173,1o7.o3 83,o33.98 Io,z89,97 9,931 .5-7 6,1 b,~ .I 9 3,052.T0 (CoNTINUtO) LJ#:_TM RTNO'I 02NN~'61
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711,2- UNDISTRIBUTED EXP~N,~ - CIGARS 1951 JTtNS REC~ASSlrIED,TO ACCCV~T NO.. "610.2= CoS~ ~r SALES - Cl .~" (COR:INUEO) Cosy or RELOCATING VARIOUS OEPANTME.TS DUE TO C014PLETION OF" ADDITION TO BUILDING AT WILKES-BARRE BRANCH PORTION OF DECEMBER 31 DALANCE IN ACCOUNT No. w770,., BRANCN APMINISyRATION COST OF REEXAMINING,HAVANA LINE CIGARS AT KENTUCKY BRANCH ADJUSTHENT OF BILLING PRICE ON 5,0~3 LBS, OF WRAPPER AND BINDER SEED CUTTINGS SOLD BY ~ILKES- BARRE BRANCH ADJUSTI4[NT OF OVERSTAT[HENT OF SCRANTON BRANCH LKAF INVENTORY AT JULY 31, 19~0 COST OF REPAIRING AND CRATING 3~ CHAIRS AT CHARLESTON 'BRANCH FOR SHIPHEfrr TO TABACALERA CUBANAB S,Ae REFUND OF OVERCHARGE ON DUST SOLD BY SCRANTON BRANCH SICK BENEFITS PAYHENT HAD[ TO CHARLESTON BRJJ~CN EHPLOYEES APPLICAJ~LE TO PRIOR HONTHS COST OF CONVERTING ~ PRESSURE TRAYS TRANSFERRED TO ~ILKES-~ARR[ BRANCH FRON CHARLESTON BRANCH NET VALUE OF VDODEN FENCE WRITTEN OFF AT ~ILK£G-BARRE BRANCH COSY or RELOCATING TWO 2-7 FRESH WORK CIGAR ht~CHJNE$ AT PHILADELPHIA ~RANCH ADDITIONAL CONPENSATION PAID TO ASHLEY ~RANCH ENPLOY£ES IN OOYORER DUE TO pOW1CR FA|LUR~ VALUE OF INACTIVE GENERAL FACTORY SUPPLIES~tlTTEN OFF AT CHARLESTON BRANCH COST OF SHiPPiNG CELLOPHANE NACNINE FROt4 CHARLESTON ~RANCH TO ~|LKES-BARRE BRANCH VALUE or EL ROI'TAN CIC~R BOXES DESTROYED BY WATER LEAKAGE AT ~ILKES-BARRE BRANCH VALUE OF 2~aOOOEL ROI-TAN CIGAR BANDS DESTROYED GY EXCESSIVE HUt41OIYY CAUSED BY FAULTY NUt41DIFIER AT ASHLEY BRANCH ADJUSTNENT FOR UHOERPROVISlON IN ACCOUNT NO. n~(~(.~ PROVISION FOR VACATION~ HOLIDAY AND RELATED SHUT~ EXPENSEu AT DECEMBER 31, 1950 AT $CRA~rrO~BRANCH T~,72 I7o.7o 129.95 122.62 118.75 1 ~.~ ~o~ .~ 7~,33 7 o. ~6 ~.~ 5 ~9.76 ~.~ PAGE ~ (Co~ra~co)
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i 711 =2- UNDISTRIBUT£O EXPEN.~ - CIGARS PAQ£ ~ -- ,3o~.72 (CoNTINUEU) f::l T :'{ 0 I 0255?63
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_,[ .711.2- UNOISTRIBUTED EXI~NS[ - CIGARS 1951 L JT¢*Is ~rCLASSlrlEO TO A_CCOU.T No, w610,2; COST or SALES-- ,Cl~lAe, ssI (CONTINUED) TO SET UP INVENTORY VALUE or UNUSED GENERAL FACTORY SUPPLIES AT DECE.JaER 31, 19.50 ASHLEY BRANCH 17.33 CHARLESTON BRANCH 91~, ."/2 KENTUCKY BRANCH 021 "37 PHILADELPHIA BRANCH 22~. (~ SCRANTON BRANCH |29.10 WILKES-BARRE BRANCH PORTION or ADJUSTMENT Of" UNABSORBEO PREHIUH DEPOSIT AT DECEMDER 31e 19~1 APPLICABLE TO IO~ NUTUAL AND COHBINATION HUTUAL FLOATER POLICY ADJUSTMENT or FREIGHT OVERCHARGE ON SHIpIqEHT$ 0¥ WISCONSIN BINDER FROM SPARTA DIVISION TO KENTUCKY BRANCH rROH HOVERER23, 1~9 TO OCTOerR 1T, 1951 ADJUSTHEHT FOR EXCESS VALUE OF ~8 POCJNDS HAVANA SEED OF1 USED IN JUHE AT WILKES-BARRE BRANOH BETTLEH£HT OF INSURANCE CLAIM SET UP IN 19~1 FOR. DAHAGE TO REFRIGERATION 14ACHINE BY ELECTRICAL SHORT CIROUIT AT PHILADELPHIA BRANCH IN 19~ AMOUNT Or LASOR IN PROCESS APPLICABLE TO CASED T~ACCO ON HAND AT CHARLESTON BRANCH AT DECEHBER 31, 1950 CHARGED TO ACCOUNT NO, "27A88- LABOR IN PROCESS" EXCESS OF RETURN PREHIUN ON C|~R NACHINE INSURAJ~CE OVER AHOUNT RECORDED IN ACCOUNT No. "21ASO- DEPOSITS RECOVERABLE FRON INSURANCE cOMPANIESI ADJUSTMENT FOR OVERPROVISION ON REPAIR PORTION Of CONSTRUCTION IDeS IN ACCOUNT No. n~/~O- RESERVE POR REPAIR ¢ORSTFlUCTION" CHARLESTON BRANCH Joe No. 1~70 117.9]; PHILADELPHIA BRANCH dO6 NO. I0~ . _1,1~7:~,50 NET PROFIT RESULTING PROH OPERATIONS Or BOX PACTORY AT CHARLESTON BRANCH DCh~ING DECENBER LESS PROFIT ON AN AVERAGE BASIS APPLIg:AGLC TO CIGAR BOXES OF CHARLESTON HANUFACTUR£ BILLED AND ON HAND AT DECEflBER 31, 1951 AT ALL CIGAR BRANCHES AOJUSTNrHT BETt~EN BOOK VALUE OF ~,193 pOUNOS OF 8rED SCRAP F CARRIED ON BOOKS OF LEAF DEPARTMENT AND NL'W PRICE AUTHORIZED AUGUST 19 195~ ADJUSTNEHT POR OVERPROVISION OF LABOR APPLICABLE TO STAMPING AND LABELING HAVANA LINE CIGARS AT PHILADELPHIA ~RANCH 2,01 0.23 806.18 5~.14 385.t9 ZT~.OO III2.&S i,591.~4 1.~5.~3 1,3~.55 (Co~rr w.u¢o) PAGE 5 276
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( °'F 711.2- UND|STRIBUTED EXPEN~ - C|GAR3 l ~ [ X S RrCLASS|r.|I~O TO A.CCOU.N,T NOf. l"610t2' COST OF SALE.S - CIGARS" (CONTINUED} ADJUSTMENT OF" LABOR IN PROCESS AS Or MARCH 3| FOR FOREMEN AND ASSISTANTS ANO FLOOR HELP IN LEAF D[PARTNENT AND PACKING AND FINISHING DEPARTI4~NTS AT SCRANTON BRANCH AOJUSTHrNT FOR ERRONEOUS CHARGE TO GENERAL FACTORy OVERHEAD ON CHARLESTON BRANCH, F'.P. 33, Joe NO. 13~ AOJUSTI4ENT OF APPLICABLr PORTION OF UNABSORBED BALANCE AT $EPTE~rR 30, 19~1 or THE ~OUP Llrr INSURANCE DIVIDEND R[CtIV£D OCTO6rR 1950~ APPLICABLE TO POLICY YEAIR ENOED SE~rEHerR 30, 1950 ~DJUST/4rNT OF INVENTORY VALUE Of" NE~/ IrlLLER CAN CANVASt . COVF.RS PREVIOUSLY CHARGED OFF AT CHARLIr.STON ~RANCN ~OJ~STI4[NT FOR VALUE OF" 1 SPEEO REDUCING UNIT AND 2 PULLEYS EXPENSED IN OCTOeER 19~o WHICH SHOULD HAVE BErN CHARGED TO KENTUCKY BRANCH F'.F. 33, JoB NO. 51~ WHICH WAS NOT CLOSED ADJUSTMENT FOR EXCESS AIqOUNT OF ~TAT£ AND COUNTY TAXr8 PROVIOEO FOR WRAPPING I, tATERIAL AND BOX AND PRINTING I~[PARTME~r ~TERIAL PROR JULY 1950 THROUGH S(PI'EHEJER 19~I AT KENTUCKY BRANCH REru~ or HAINTrNANCE CON'rRACTS BY MONROr CALUCLATINO MACHINE COHPANY t CHARLESTON ~tAHCH ~eO0 SCmARTON BRANCH 8.3___._.66 ABJUSTHL~NT OF EXCESSIVE DEPRECIATION ON OrrlCE FURNITURE AND rQUIPHrNT CHARGED TO PHILADELPHIA BRANCH IN JANUARY AOJUBTM~HT FOR SHORTAGE IN MAY SHIPHENT OF" GOLFERS - PACK AT CHARLESTON BRANCH -ADJUSTMENT IrOR INCREASE Olr DISCOUNT FROM ~rIDENBACN-~RO~/N COMPANY DUE TO INCREASE IN PURCHASES ADJUSTMENT OIr PROVISION FOR COST Of" BRANCH CHECKSm CHARLESTON BRANCH ADJUSTHIEHT OF VALUE OF SEEO SCRAP F AND BINO[R CUTTINGS AT CHARLESTON BRANCH REVERSAL Or 01[CEmER 19~0 CHARGE TO CHARLESTON BRANCH POR 1200 SETS or BRANCH CHrCKS RECEIVED IN DEC£PIBrR 19~O AFTER BRANCH BOOKS VERE CLOSED RErtmo FOR SUPPLIES RETURNEr) TO SUPPLIrR BY CHARLESTON BRANCH AOJUSTMrNT Or ANOUh~T CNAR~D CHARLESTON BRANCH ON F.F. 33, Joe'No, 13c.)3 IN EXCESS Or ACUUAL COST 111.20 93.2~ 7a.B7 TS.oo 66.36 59.11 34.90 3o.(~ 2~ .8o 12.80 PACE (Court I Nuro ) "-~ % -, - _ O~_. ~,. ~
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711.2- UNDISTRIBUTED EXPENSE - CIGARS JTEHSRECLASSlFIEO ToA~couNT NO~ "610.2- COST or SALES -CIGARS" (CONTINUED) AOJUSTN£Frr OF OVERPROV|SION OF |NBURANC[ PREN|Ut4 ON MIRED CARS PROVIDED DURING CURRENT YEARZ CHARLESTON BRANCH 8.30 PHILADELPHIA BRANCH ~ 11.62 PROCEEDS OF SALE OF 13 ROLLS OF KE[ LOX CARSON PAPER TO HONRO[ CALCULATING MACHINE COt4PANY BY SCRANTON BRANCH ~,~O FAIR VALUE OF ONE 3ET OF WORN GEARS CARRIED BY CHARLESTON BRANCH IN GENERAL FACTORY SUPPLIES WITHOUT SOOK VALUE SOLO TO HENRY CLAY AND SOCK k Co,, LTD, 5.00 ~XCESS OF PAYHENT FROM BOX BOARD COf4PANy OVER AMOUNT RECEIVABLE ~.0~ ADJUSTMENT OF J, C. PAIGE FLOATER INSURANCE PREHIUt4 FOR REDUCTION OF ANNUAL RATE BY $.0~ PER $100R RETROACTIVE 5 MO~NS 3.97 ADJUSTHENT or TRANSPORTATION CHARGE CHARGED TO CHARLESTON BRANCH F.F. 33, ODe No. 1352 2.60 AOJUSTHENT FOR OVERPROV|SION OF DEPRECIATION ON PASSENGER AUTONOelLES .03 ADJUSTMENT OF APRIL SEMI-MONTHLY SALARY BILLED TO PHILADELPHIA BRANCH .01 OIFF[RENC[ BETWEEN OCEAN FREIGHT CHARGED BY BULL INsuLAR LINESm |N¢, AHO AMOUNT CHARGED TO CUSTOMER NET RECLASSIFIED TO ACCO4JNT NO. a610,2- COST OF SALES - CIGARS" .m PAGe ? ~TENS ~[CLASS|~|EO TO ACCOUNT NO, "61~,~" ~V YOR~ 0trice SELLING, ExPENSE " ~IOAR~# ADJUSTFUZNT OF OVERPROVISlON FOR RETIREMENT BENEFITS - yEAR 19~ ~'~ ADJUSTMENT OF GROUP LIFE INSURANCE PREMIUM COVERING POLICY YEAR ENDED SEPTEMBER 30, 195o NET RECLASSIFIED TO ACCOUNT NO. "61h.2- N¢~ YORK OFFICE SELLING EXPENSE -- CIGARSw 7.43 (ComrlNu¢o) RTHOI
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! J .~11.2- UNDISTRIBUTED EXPENSE - CIGARS 1951 ITEMS Rr_CLASSlrlrD, TO AC¢OU.tfT ,~o~ ~616t2o SALESNENt! SALARY AND [XR~NSE - CiGA)~p" ADJUSTMENT OF" DVrRPROVISION FOR RET|RENENT BEN~trIT$" VrAR 1951 ADJUSTMENT OF OV£RPROVIBION OF RESERVE FOR DEPRECIATION Of" SALEBMENIS AUTOHOBItES ADJUSTHE~r GROUP LIfE INSURA,CE PRENIUH COVERING YEAR (HOED SE~(mER 30, 1950 N¢T RECLASSlPI[O TO A¢COUNT NO. "616.2- SALESHENIB SALARy AND EXPENSE - CIGARS# 7¢NTCNTCN~ASSiPIEO TO ACCOUNT NO. m6~2.2- STORE AMD GENERAL AOVERTiS|NG - CIGARSR PORTION OF MONTHLY LEASE RENTAL PAID tO AHERICAN CIGARETTE AND CIGAR COqqPAHY FOR LEASED FIXED ASSETS iN [XC¢S$ OF" AMOUNT BP[CIFICALLY APPLIED TO BRANCH AND OTHER ACCOUNTS 37-~ 368.37 .~ PAGE 8 331 .~ 12~.3o ITEMS REClASSIfIED TO ACCOU~r No. "667,2- VACA.NT P~OPERTY rXPrRp¢ - CIGARS~" PORTIO~I OF MONTHLy LEASE RENTAL PAiD TO AMERICAN CIGARETTE AND CIGAR COMPANY FOR L[AS[O FIXED ASSETS IN £XC[SB or AMOUNT SPECIFICALLY APPLIED TO BRANCH AND OTHER ACCOUNTS ADJUSTIEZNT ~ OVERPROVIBION OF RETIREMENT e£NZrlTa - YEAR 1951 NET RECLASSIFIED TO ACCOUNT NO. "~7.2- VACANT PPOPERTY EXPENSE - CIGARS" JT~N REELASBIF'JE.D TO ACCOUNT NOT t16~.2- JNACTIV¢ £QU|PHI'~T EXPENSE _" CIGARStl PORTION OF HGNTNLY LEASE RENTAL PAID TO AH£RICAH CIGARETTE AND CIGAR COMPANY FOR LEASEO FIXED AssrTs IN EXCESS OF AMOUHT BPECIrlCALLY APPLIED TO BRANCH AHO OTHER ACCOUNTS _|TZH R£CL_ASB|F'Iro TO AC_CO_U_ NT NO. "67ho2- ~)eSOLCT¢ WRAPpII~. HATERiAL AND ¢XPENIE - CIGARS" PORTION OF" HORTHLY LEASE RENTAT. PAID TO AMERICAN CIGARETTE AND CIGAR COMPANY FOR LEASED FIXED ASSETS IN £xcrss Or AMDUtlT SPECIFICALLY APPLI£O TO BRANCH AND OTHER ACCOUNTS ~TZH RECLASBIrJ£a 70. ACCOUNT ~{o~ "6~. ,2- HILITABY SrRVi¢([ ALLOWANCE ~ CIGARSn ADJUSTMENT OF OV£RPROVISlON OF RETI*REHENT BENEfitS TEAB'I 951 ~fiN RZ¢'ASSIPIro ;O A¢¢OVHT HOo"708o2" UNABBORIOIED £Xp£Ns¢- CIGARj~ PORTION OF NORTHLY LEASE RENTAL PAID TO AMERICAN CIGARrTTE AND CIGAR COMPANY FOR L£AS£D FIXED ASSETS IN EXCESS OF AMOUNT SPECIFICALLY APPLIED TO BRANCH AND OTHER ACCOUNTS (COMT INUZO) T Mo-I 6,123.70 71.67 289.~ ~79 o25 -. ,'62
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...... 2~ 711.2- UNDISTRIBUTED EXPEN~ " CIGARS PAGE _ITEHS RECLASSIFIED To ACCOVNT No~ ~.2- QENERAL,,AND ADHINISTRAT|VE EXPENSEw PORTION or HONI"NLY LEASE RENTAL PAID TO AMERICAN CIOARETT£ AND CIGAR COHPANT FOR LEAS[O FIXED ASSETS IN EXCESS OF AMOUNT SPECIFICALLY APPLIED TO BRANCH AND OTHER ACCOUNTSB APPLICABLE TO THC TRENTON EHERG[NCY OFFICE ADJUSTHENT OF" EXCESS DISCOUNT TAKEN ON CUSTONER|S INVOICE ADJUSTNE:trr Or EGTINATED COST Of" USE AND OCCUPANCy INSURANCE FOR PERIOD NOVEHeER 1, 19h9 TO JANUARY 1, 19~-I ADJUSTHENT OF" GROUP LIFE INSURANCE PRENIUM YEAR END SEeTENa[R 30, 1950 NI[T RECLASSIFIED TO ACCOUNT NO. ~722- GEN¢RAL AND ADI4|NISTRATIVE EXPENSE" JTEHS RECLASS|FIE0 ~S "OTHER EXPENSES AND LOSS[~I PAY ROLL EXPENSE INCURRED DUE TO FACTORY SHUTOOt~N FOR FUNERAL of HR. d. [. LIPBCOHO. JR.: KENTUCKY BRANCH ~IORFOLK LEAr DEPARTHEN'r PET£RBBURG L¢AF DEPARTNENT 538.79 1~,861.28 2.~21 .'(1; 102.28 DEBIT BALANCE TRANSFERRED TO ACCOUNT NO. "812- |NCON[" AT DIE:¢ENBER 31 , 1951 -= R]'NO 1
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± .7 _~ 714ol- DEVELOPHENT EXPENSE ON PL/LNT EQUIPHENT - CI~TTES, SHOKING, ETC. 1931 THE DEBIT BALANCE OF THIS ACCOUNT REPRESCNTS THE AMOUNT OF DEVELOI~4ENT EXPENSE IN CONNECTION V ITH MACHIN[RYp TOOLS AND PATTERNSo THIS ACCOUNT RECORDS: 1 - DEBITS FOR: A-CHARGES FROM THE LEAr DEPARTMENT TO VRIT[ Orr COSTS or UNSUCCESSFUL [XP[RIH£NTAL JOBS. B- CHARGES THROUGH THE VOUCHER REGISTER fOR THE COST Or ENGINEERING SERVICES AND ALTERATIONS TO EXISTING I4ACHINERYj TOOLS AND PATTERNS AND THE MANUFACTURE Or NEW TOOLS AND PATTERNS. 2 - CREO|T5 fOR THE TRANSFER Or DCBJT BALANCE AT END Or YEAR TO ACCOUNT NO. m81~- |NCO04E.m THERE WERE NO TRANSACTIONS RECORDED IN THIS ACCOUNT DURING 1~1, ~ll'M01
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:l i :l '716- FEDERAL INCOHE TAX 1951 THE OES|T BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT or ESTIMATED FEDERAL |NCOME TAX EXPENSE FOR THE YEAR EXCLUSIVE OF TAX EXPENSE APPLICABLE TO REFUNDS DURING THE YEAR OF PRIOR YEARS! TAXESe THIS ACCOUNT RECORDS: 1 - DEBITS FOR CREDITS TO ACCOUNT NO, "~OL~- PROVISION FOR FEDERAL INCOME TAX PAYABLE" FOR MONTHLY ESTIMATES Or FEDERAL INCOME TAX £XPENSE. 2 - CREDITS FOR TRANSFER Or DEBIT BALANCE AT [NO OF YEAR TO ACCOUNT NO."812- I~COM[,e A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 FOLLOWS: TOTAL CHARGES FOR ESTIMATED FEDERAL INCOME TAX EXPENSE DEBIT BALANCE TRANSFERRED TO ACCOUNT NO* "812- INCOME" AT DECEMBER 31, 1~51 I o255 .'zo
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~18° FEDERAL EXCESS PROFITS TAX THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AMOUNT OF ESTIMATED FEDERAL EXCESS PROFITS TAX FOR THE YEARe THIS ACCOUNT RECORDS| 1 - 0CelTS rOB MONTHLY CREDITS TO ACCOUNT NO. nSOL?4- PROVISION FOR FEDERAL EXCESS PROFITS TAX PAYABLEN FOR ESTIMATED FEDERAL EXCESS PROFITS TAX, - CREDITS FOR TRANSFER OF DEBIT BALANCE AT END OF yEAR TO ACCOUNT NO, n812- INCOMI[jn A SUMMARY ANALYSIS OF TRANSACTIONS FOR THE YEAR 1951 rOLLO~$: DEBIT FOR [STIHATED EXCESS PROFITS TAX DEBIT BALANCE TRANSFERRED TO ACCOUNT NOI "812- INTONE" AT DECEMBER 31, 1951 2,430,~20.9~ ,r,/ ¢.,/ o2
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4,t 719- ADDITIONAL cOHPENSATION * OirFICIALS 19'31 THE DEBIT 8ALANCE OF THIS ACCOUNT AT DECEHBER 31 REPRESENTS THE AMOUNT OF INCENTIVE COI4PENSATION PAYABLE TO THE PRESIDENT AND VICE PRESIDENTS uNor..R TERMS OF ART|CLE X|| Or THE BY-LA~S or THE COMPANy, AS AHENDEO BY RESOLUTION OF THE STOCKHOLDERS APRIL ~, 1 951 . THIS ACCOUNT RECORDS| 1 - DEBITS FOR CREDITS TO ACCOUNT NO. 12OLEO- ACCOUNTS PAYABLE TO EHPLOYEE$m COVERING ADDITIONAL CONPENSATION TO OFFICIALS, - CREDITS FOR TRANSFER OF DEBIT BALANCE AT END Or YEAR TO ACCOUNT NO. n~. INCOHE,n AN ANALYSIS OF TRANSACTIONS TOR THE YEAR 1~'I fOLLO~,/S: INCENTIVE COMPENSATION FOR 1 951 - UAEUARY ~,%~96.OO FEBRUARY ~0,91D.O0 MARCH 50 ,, 20"/,00 MAY 55,3oo.oo ~.E ~,7 oT21.00 JULT b7,095.00 Auausy 60,81 9.00 SEPTEMBER 31,13D.OO OCTOBE* ~,095.o0 NOVEMBER 1tl ,85~,,00 DEC",BER 6~ .875.69 DEBIT BALANCE TRANSFERRED TO ACCOUNT NO* '812" INCOHE" AT DECEHBER 31, 1951 5-'78.096.69 DETAILS OF 1951 COHPUTATION ARE SHOIdN ON THE FOLLO'dlNG PAGE. f31" ;K 01 ,_,81 0255?'?2
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/ "/I 9- ADDIT IONAL COIdPI[~AT ION - OFF IC IAL$ PAOE ~_OHI%ITATION OF INCEN:I'JV~: C~PI;NSATION FOR 1~)51 CONSOLIDATED NET INCOtdE LESS: NET PROFITS [XENPT FRO~I INCENTIVE COMPENSATION NET PROFITS IN EXCESS or ~15,~O,0(X) INCENTIVE COtdPENSATION ON NET PROFITS OF $1T,6og,668.T9 5~ oF 6,000,000.00 - h~ or 2,700,000,00 or 2,700,000.00 - 2~ or 2,700.000.00 l:g or 3,5o9,688.'/9 TOTAL INCENTIVE CONPENSATION rO~ 19~1 300,000.00 I08,000.00 81,000.00 5~. ,OO0.O0 ~5.096.69 33 ,I o9.668.T9 ! 5,5oo ,ooo .oo ~.609.668.T9 : ,5"T8.o96.69 J~ccm'lVE COMPENSATION FOR 19~1 OISTRIBUIT[D TO OFFICERS AS FOLLOW: HRe P* H. HAHN NR. Re d. ~OyLAN HR. d. R. COON HR. d. A, CROWE HRo [t A. HARVEY HR. P. L, FOWLER TOTAL INCENTIVE COMPENSATION FOR 1 ~1 15,619.3h ~,h95.h7 _ 92,~.95.h7 5"78.O96.69
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721,1- FRANCHISE AND INCOHE TAXES - CIGARETES, $HOKING, ETC. D(:CEHBER 31. 1~1 THE OCBIT BALANCE OF THIS ACCOUNT REPRESENTS THE AJdOUNT OF EXPENSES roR THE CURRENT YEAR FOR T~E FOLLOWING TAXES APPLICABLE TO CIGARETTESj $MOKINGB [TC.: STAT£ EXcIsE STATE FRAI~M I$[ STATE I NCOMJ[ STATE LICENSE OTHER MISCELLANEOUS STATE TAXES BASED ON INCOME OR FOR THE PRIVILEGE OF DOING BUSINESS THIS ACCOUNT RECORDS| I - D[OITS FOR MONTHLY CREDITS TO THE FOLLWING ACCOUNTS: NO. ~:)A~)- PR£PA I0 TAX¢S" COV[RING CHARGC-OFF OF THAT pORTION OF PREPAID TAXES FOR THE MONTH APPLICABLE TO ACCOUNT NO. 721.1. NO. "50L78- PROVISION FOR TAXES PAYABLEe COVERING ACCRUAL OF TAXES fOR TH£ MONTH APPLICABLE TO ACCOUNT NO. 721.1. 2 -CR¢DIT FOR TRANSFER OF DEBIT BALANCE AT YEAR END TO ACCOUNT NO. a812- INCOME." A SUI4MARY ANALYS IS OF TRANSACTIONS FOR THE YEAR 131 FOLLOWS: KIND or TAX ..... DIS ITS FOR CR~OITS~ ACCOUNT NO. "BOA60 ACCOUNT NO. "5DL78 - DEBIT PR¢PAIO TAXESn ~ROVISION FoRTAXES PAYABLEa BALANCE ALABAMA FOREIGN CORPORATION PERMIT ]00,OO 1OO,00 ALABAMA ~RANCMISE 1,~O1.OB 1,~O1.C~ ALABAMA INCOH£ 15,0OO.OO 1~,0OO.OO ARIZOaA IHCOME 3,6OO.00 3,600.OO ARKANSAS INCOME ~,BOO.OO 5,800.00 CALIrORN,A rRANCM,St a0,296.27 17,888.81 38,185,08 COLORAOO FRANCM:SE 15.00 15.00 COLORADO INCOME 8,300.00 8,300*00 GEORGIA ANNUAL FEE 1,00 1.00 GEORGIA FRANCHISE 75.00 25.00 100.00 GEORGIA INCOME 1~,000,OO 1~;OOO.OO |NO~AMA ANNUAL FEE 1.()0 1.(~) INOIANA GROSS RrCEIPTS 17,200.00 17,200,00 KENTUCKY ANNUAL F£¢ 2.00 2.00 KENTUCKY INCOME ~,TOO.O0 ~,700*~ KENTUCKY LICENSE ~,065.22 8,130.~5 12,1~.67 LOUISIANA FRANCHISE 1,006.52 3,019.55 k,026.O7 LOUISIANA INCOME h,500.O0 k,500.OO MINNESOTA INCOME 1~,000.OO 1~,000,00 MISSOURI ANNUAL tEE 10.O0 10.00 MIBSouR: FRA.C.|$¢ 373.96 373.96 MISSOURI INCOME 18:000.(X) 18,O00.00 NEe JERSEY ANNUAL FEE 1.00 1.00 NEV JERSEY FRANCHISE 39,86h.69 19,833.33 59,698.02 (CONTINUE0) ,?.86 f~'l- ~rO 1 02 $5~7~4.
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i J TEl.l- FRANCHISE AND INCOiV~ TAXES - CIGARETTES,SMOKING, ETC. DECEMBER :}I, 1951 PAgE 2 KIND OF TAX NEW YORK FRANCHISE NORTH CAROLINA FRANCHISE NORTH CAROLINA INCOME 0HIO FRANCHISE OKLAHO~IA ANNUAL AFFIDAVIT OKLAHOf4A FRANCHISE OKLAHOMA INCOME OREGON Excise OREGON LICENSE PENNSYLVANIA INCOME SOUTH CAROLINA ANNUAL FEE TENNESSEE ANNUAL FEE TENNESSEE EXCISE TENNESSEE FRANCHISE UTAH FRANCHISE VIRGINIA |NCOME VIRGINIAREGISTRATION FEE ~ASHINGTON BUSINESS WASHINGTON LICENSE DEBIT OALANCE TRANSFERRED TO ACCOUNT NO. "812- INCOME" AT DECEHBER 31, 1951 DESlTS FOR CRI~OITSuTO ACCOUHT NO. "&3A~O- ACCOUNT No. "5OL'/8- DEOIT PREPAID TAXES" PROV,StOH FOR I"AX(~S. PAVAOt,[_" 196,ooo.oo 196,000.00 58,632.69 58,632.69 1,250,OOO.OO 1.250,OOO.OO 2,552.71 5,105.~ T,658.15 6.00 6.00 3,6oz.3o 718.33 ~,3,?o.63 h,2oo.oo h,2oo.oo 18,000.00 18,000.(:X) 200.00 200.0¢ 115,ooo.oo ~15,ooo.oo 10.OO 10.00 15o.oo 15o.oo 8,OiiO..OO 21 o511.59 29,551.59 1,5oo.oo 1 ,oh8.87 2,5~,8.8T 52.72 17.o3 69.75 4ho,ooo.oo hho,ooo.oo 25.oo z5.oo 26,933.TT z6,933.TT 523 118 . 523~h8 lhO, 6"]6.60 _ ... 21~L~2'. ~63.21 _ : 2,117~.039.81 ~87 P31" :KO 1 0255??5
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721.2- FRANCHIS~ ANt) INCASE TAXES - CIGARS ~CE:~R 31, 1~1 THC OCBIT SALANCC OF THIS ACCOUNT RCPRCSCNTS THE ANOUNT Or CXPENSCS FOR THC CURRCNT YCAR FOR THE FOLLOWING TAXC$ APPLICASLC TO CIGARS: KENYUCKY INCOME TAX (CIGAR DEPARTMENT PROPORTION) PCNNSYLVAN|A FRANCHISE TAX PENNSYLVANIA INCONC TAX ~OUYH CAROLINA FRANC~|SE TAX SOUTH CAROLINA |NCO~[ TAX THIS ACCOUNT RECORDSJ 1 - DEBITS FOR MONTHLY CREDITS TO THE VOLLOPJ|HO ACCOUNTS: NO, ~SCA.~C)° PREPAID TAXESI COVCRINO CHARG£-OFP OF THAT PORTION Or PREPAID TAXES fOR THE MONTH APPLICABLE TO ACCOUNT NO. =721.2" NO. w5OL78- PREVISION FOR TAXES PAYABLe= COVERING ACCRUAL OF TAXES FOR THe NONTH APPLICABLE TO ACCOUNT NO. "721.2" 2 - CREDIT FOR TRANSFER Or DEBIT BALANCE AT YEAR END TO ACCOUNT NO, a812- iNCOME,n A SUNI, IARy ANALYSIS OF TRANSACTIONS FOR THE YEAR 1~1 rOLLOVS: DEBITS fOR CREDITS TO ACCOUNT NO, ACCOUNT NO. "8OA60- "~OL78- PRE RA I0 PROV I S I ON FOR DES I T ~ND Or TAX TAXESn TAXC$ PAYABLE" BALAN¢~.£ KENTUCKY PENNSYLVANIA PENNSYLVANIA ~OUTH CAROLINA SOUTH CAROLINA INCOHE 1,300°00 1,3OO.00 FRANCHISE 35,000.00 35,000.00 |NCO.£ 1,5OO.00 1,500.00 FRANCHISE 3,730.87 2,66h.91 6.395.T8 laco~c __ _ -_ 1,500,00 ~: 1,~00.00 DEBIT BALANCE TRAN~FCRREO TO ACCOUNT NO. "812- INCONC" AT ~CCEHBER ~1, 1951 3.7 :;0~87 ~;1.9~ .91 ~5,69%78 RT~O1
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I l J~ 722- G~NERAL AND ADMINISTRATIVE EXPENSE 191)1 THE DEBIT BALANCE OF THIS ACCOUNT REPRESENTS THE GENERAL EXPENSE OF OPERATING THE HEW YORK OFFICE EXCLUSIVE OF EXPENSES OF THE SALES~ ADVERTISINGo AND EXPORT SALES DEPARTMENTS AND DEPARTMEN~ or MANUTACTURE~ ALSO ADNINISTRATIV£ EXPENSE APPLICABLE TO FINANCIAL OPERATIONS AND GENERAL RUNNING OF THE BUSINESS. THIS ACCOUNT RECORDS: 1 - DEBITS TO THE FOLLOWING SUBACCOUNTB OF THIS ACCOUNT: ml-- SALARIESt FOR: A- CREDITS TO ACCOUNT NOSe mT~0- SALARIES AND TAXESe AND "2DL13- AccouNTs PAYABLE - ACCRUED PAT ROLLm FOR VI[EKLYm SEN IMONTHLY AND NONTHLY SALARIES AI~D PAy ROLL TAXES~ INCLUO|NG OVI~IRT|MEp PAID TO ALL EMPLOYEES ~HO ARE CONS|OERED TO BE A PART OF THE HEY YORK DPFICEe OTHER THAN SALARIES CHARGED TO SALESe ADVERTISINGI AND EXPORT SALES DEPARTNENTp AND THE DEPARTN£NT OF I~ANUrACTUR£. W2- TAXESn FOR: A- CREDITS TO ACCOUNT NO. m~OL~8- PROVISION FOR TAXES PAYABLE" TO PROVIDE HONTHLY FOR N|SCELLANEOUS TAXES NOT CHARGEABLE TO BRANCHES OR OTHER SPECIFIC ACCOUNTS. 8- CREDITS TO ACCOUNT NO. m~O- PREPAID TAXESI TO CHARGE OFF THE PROPORTION OF PREPAID TAXES APPLICABLE TO THE CURRENT NONTH. C" CREDITS TO ACCOUNT NO, tT~- TAXES TO BE DISTRIBUTED= COVERING PROPORTIONATE SHARE OF MISCELLANEOUS TAXES APPLICABLE TO NANUFACTU~tING OPERATIONS ~HICH ARE NOT PAID BY OR CHARGED DIRECTLY TO BRANCHES. =~- INSURANCEt FOR: A- CREDITS TO ACCOUNT NOSe "~)AI~-NkrrUAL FLOATER INSURANCE DEPOSIT" AND "~OA2D- J. C. PAIG[ COHPANY FLOATER INSURANCE DEPOSIT~ REPRESENTING PRENIUN EXPENSE APPLICABLE TO |NSURANCE ON |NVENT0~I[S AT Nt~/ ~ORK 0FFICEt GENERAL FACTORY SUPPLIES AT SUPPLIERS~ETCe B" CREDITS TO ACCOUNT NO. w~L~- R[GIBT[REO ~IL AND PARCEL POST |~$URANCE PREHIUMS PAYABLEm FOR THE |NBURANC[ ~[NIUt4S ON PARCEL POST AND REGISTERED NAIL SHIP1HENTS, C- CREDITS TO ACCOUNT HOe fl~OAB~" UNEXPIRED INSURANC[s FOR THE NONTHLY COST OF PREMIUNB ON SPECIFIC INSURANCE POLICIES. D- CHARGES SY THE BRANCHES FOR INSURANCE COSTS APPLICABLE TO THE N~ ~ORK OFFICE. "~- GROUP |NSURANC[n FOR: A- CREOIT8 TO ACCOUNT Not "20L~- GAOUP LIFE INSURANCE PRENIUHB PAYABLE.n (Co.: I.U¢O) f=~ l" ~<01
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7E2- GE..NERAL AND AL~INISTRATIV[ EXPENSE ~9~ PAGE 2 g~° TELEPHONE AND TELEGRAPHm FOR: A- CREDITS TO ACCOUNT NOt I~7- T(L[~[ AND TELEGRAPHm ro~ TELCPHONEp T[L[TYPE AND TELEGRAPH COSTS OF THE NEv YO~ 0rrtc[~ EXCLUSIVE Or THOSE APPLICABLE TO DEPARTMENTS FO~R VH|CH SEPARATE COSTS ARE MAINTAINr.De B- CHARGES BY THE BRANCHES FOR TELEPHONE AND TELEGRAPH APPLICABL[ TO NLr'W YORK Of'ricE. mS- STATIONERY AND PR|NTING" FOR: A" CREDITS TO ACCOUNT NOe m~_ STATIONERY AhlD PRINTINGg FOR PRINTINGe STATIONERY. DRINKING CUPS AND HISCELLANEOUS SUPPLIES USEOe u9- TRAVELING EXPENSEI FOR: A" CREDITS TO ACCOUNT NO. ff~3~" TRAVELING EXPENSEa FOR TRAVELING EXPENSE INCURRED £XCLUS|VC OP THOSE eXPENSES APPLICABLE TO OEPARTHEHTS FOR WHICH SEPARATE COSTS ARE MAIh~rAINEDe "12- R£TIREMEHT BENtFITSu FOR: A- CREDITS TO ACCOUNT NO. nSOL~- PROVISION fOR RETIR(~EIqT BENEFITSt FOR AHOUNT PROVIDED FOR THIS EXPENSE APPLICABLE TO NEW YORK OF'rIcE (MPLOYE($p EXCLUSIVE OF CHARGES TO DEPARTMENTS FOR VHICH SEPARATE COSTS ARE HA INTAINEO. ~13- CARFAREw TAXI AND HEALSm FOR: A- AMOUNTS PA|O TO R£1HBURS[ OFFICERS AND EMPLOYEESw OTHER THAN MEMBERS OF DEPART- HENTS FOR VHICH S[PARAT~ COSTS ARE MAINTAINED. "16- SUBSCRIPTIONS AND DUES| FOR: A- CHARGES THROUGH THE VOUCHER REGISTER FOR SUBSCRIPTIONS TO PERIODICALS AND OTHER PUBLICATIONS# MEMBERSHIP F£ESj AND TRADE AND OTHER ASSOCIATION DUESe INCURRED FOR OR BY EMPLOYEES Of" ALL OEPARTHENTS Or THE NEW YORK OerlC[ OTHER THAN THOSE FOR VHICH SEPARATE COSTS ARE MAINTAINED * B" CHARGES FROM THE BRANCHES FOR SUeSCRIPTIONS AND DUES APPLICABLE TO NE~# YORK OFFICE. "19- ~ISC£LLANEOUSm FOR: A- CHARGES THROUGH THE VOUCHER REGISTER FOR SUNDRY [XPEHD|TUR[Sw HOT REGULARLY R[CURRING AND NOT SPECIFICALly PI~OVIDEO FOR BY OTHER $UBACCOUNTSD APPLICABLE TO OPERATIONS OF OEPARTH[NTS OTHI~ THAN THOSE FOR I,IHICN SEPARATE COSTS ARE HAI NTAIHEOe ~- CHARGES FROtW THE BRANCHRSe LEAT DEPARTMENTS AND )thf£RICAN SUPPL|£RSp |NCORPORATEOo FOR MISCELLANEOUS ITEHSt C- CREDITS TO ACCOUNT No. 1~6A~- GENERAL FACTORY SUPPL|(S AT SUPPLIERSw POR THE COST OF BRANCH CH~OKS DESTROY[De D- CREDITS TO ACCOUNT NO. wT~q- STATIONERY AND PRINTINGa FOR COST OF PRINTING SECRETARIAL AND ORGANIZATION CHARTS~ OFFICE DIRECTORIESo ETCe (Com'lHuEo) Rl")40 1
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722- GENERAL AND ADHINiSTRATIVE EXPENSE 1 951 PAGE 3 - CHARGES THROUGH THE CASH BOOK FO~ SUNDRY DISSURSEHEt~TS. F- CHARGES THROUGH THE VOUCHER REGIST¢R FOR EXTRA EXPENSES INCURRED IN ¢OHH[CTION WITH INFORHATIOH FOR THE ~[OERAL TRADE COHHISSION. G- OTHER CHARGES HOT CLASSIFIABLE AS ANY OF THE FOREGD|NGo t20- FREIGHT, EXPRESS AND CARTAGE" rORI A- CHARGES THROUGH THE VOUCHER REGISTEJ~ AND AHOUNTS EXPENDED FOR THIS TYPE Or SERVICE APPLICABLE TO NAT[RIALS NOVEO FOR THE ACCOUNT OF ALL DEPARTH[NTS OTHER THAN THOSE FOR WHICH SEPARATE COSTS ARE HA|NTA|NED, I~5- TRADE-HARK AND PATEN'I* EXPENSEI FOR: A- CREO|TS TO ACCOUNT NO, m736- TRADE-9(ARK AND PATENT EXPENSE" FOR COST OF REGISTERIHG FOREIGN TRADE-HARKS. "31- POSTAGE" FOR: A- CREDITS TO ACCOUNT NO, n7~6- POSTAGEm FOR POSTAGE USED BY N~/ YORK OIrFIC[ MAILING DEPARTHENT AND SEABOARD TERHINAL AND REFRIGERATION COHPAHY. EX- CLUDES COST OF LARGE NAILINGS FOR SPECIFIC PURPOSESm SUCH AS DIVIDEND CHECKSj LETTERS TO STOCKHOLDERS OR [NPLOYEES~ ETC. WS~- TOBACCO H[RCHANTS ASSOCIATION" FOR: A- CHARGES THROUGH THE VOUCHER REGI&T[R FOR PAYMENTS TO THE TOBACCO HERCHANT$ ASSOCIATION FOR SERVICES AND FACILITIES. "~0- AUDITING FEESe FOR: A- CREDITS TO ACCOUNT J~O* "20L18- MISCELLANEOUS ACCRUALS PAYABLEa TO PROVIDE MONTHLY FOR ANNUAL AUDITING FEES OF" PUBLIC ACCOUNTANTS, ~-- CHARGES THROUGH THE VOUCHER REGISTER FOR FEES OF PUBLIC ACCOUNTANTS, n~1- CORPORATE FEESn FOR: A- CHARGES THROUGH THE VOUCHER REGISTER FOR FEES PAID TO CORPORATE REPRESEN- TATIVES REQUIRED BY LAW. B- CREDITS TO ACCOUNT NO. "20L18- ~ISCELLANEOU$ ACCRUALS PAYABLE# TO PROVID¢ MONTHLY FOR ANNUAL FEES OF CORPORATE REPRESENTATIYER REQU|R[O BY LAW, x~2- SUNDRY FEES AND EXPENSES# FOR: A- CREDITS TO ACCOUNT No. "~30- SALARIES AND TAXESfl FOR SUNDRY FEES PASO FOR SERVICES RENDERED. B- CHARGES THROUGH TH[ VOUCHER REGISTER FOR MISCELLANEOUS EXPENSES INCURRED IN CONNECTION V|TH RENDERING SERYIC[S FOR WHICH ~£ES WER£ PAID* (CONTINUED) f"] r :,'~ o i o2ss,:,?s
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( 722- GENERAL AND ADHINI$TRATIVE EXPENSE 1951 t~3- COLLECTION F££S AND EXPENSESw FOR: A" CRE01TS TO ACCOUNT NO. "15A10- ACCOUNTS RECEIVABLE - CUSTOHER$" FOR CHARGES ON C*O*D* PARCEL POST SHIPHENTS AND MONTHLY COLLECTION FEES cHARGED BY BANKS* B" CHARGES THROUGH THE VOUCHER REGISTER FOR: 1- HANDLING COLLECTIONS Or CUSTO04ERSt ACCOUNTS RECEIVABLE IN PACIFIC COAST AREA, 2- AHOUNTS ALLOVED OR EXPENDED FOR COLLECTION Or CUSTq~IERSI ACCOUNTS. "46- STOCKHOLDERSI ANt:) DIVIDEND EXPENSESw FOR: A- CREDITS TO ACCOUNT NO, 1730- SALARIES AND TAXESn FOR THE CURRENT HONTHIS PAY ROLLS PAID BY N£t~ YORK OFFIC£ APPLICABLE TO GENERAL AND ADMINISTRATIVE EXPENSES OF THE NI~/ YORK OFFICE IN CONNECTION WITH STOCKHOLDERSI AND DIVIUENO EXPENSES. B" CHARGES THROUGH THE VOUCH[R REG|STER FOR FEEs PAID AGENTS IN SOLICITING PROXIES. C- CREDITS TO ACCOUNT NO. nT~~- TRAVELING EXPENSEa FOR TRAVELING EXPENSE INCURRED IN CONNECTION WITH THE ANNUAL HE[TING Of STOCKHOLDERS AND THE SOLICITATION OF PROXIES* CREDITS TO ACCOUNT NO. n~A63° G¢NERAL FACTORY SUPPLIES AT SUPPLIERS" FOR D- COST OP STOCK CERTIFICATES USED. E"CREDITS TO ACCOUNT NO. n~. POSTAGEU FOR POSTAGE USED IN MAILING NOTICES Or STOCKHOLDERS| MECTINGSj SPECIAL NOTICESp AND DIV|DEND CHCCKS* F- CREDITS TO ACCOUNT NO. "50L28- PROVISION FOR SUNDRY ADVERTISING" TO pROVIDE FOR ESTIHATED COST OF NEWSPAPER NOTICES FOR STOCKHOLDERS! HECTINGS AND DIVIDEND DECLARATIONS* G- CREDITS TO ACCOUNT NO. NTIS- ~TATIONERY AND PR|NTINGn FOR STATIONERY AND PRINTING EXPENSES INCURRED HAI NTAIN|NG STOCKHOLDERS! LISTSj PAYING OIV|D£NDSj AND FOR SPECIAL NOTICES. • "~8- PRE$GRIPTIONSn FOR: A" CHARGES THROUGH THE VOUCHER REGISTER FOR AMOUNTS PAID FOR DRUGS PRESCRIBED BY THE COMPANY DOCTOR FOR EMPLOYEESOF THE NEW YORK OFFICE EARNING LESS THAN THE PRESCRIBED NAXIHUM* W~. DRUGS AND MEDICAL SUPPLIES~ FO4tl A- CHARGES THROUGH THE VOUCHER REGIST[R FOR PREPARED DRUGS AND HEDICAL SUPPLIES FURNISHED EMPLOYEES IN THE NL~dYORK OFFICE BY THE ~¢DICAL DEPARTMENT ON THE AUTHORITY OF THE COHPANY DOCTOR, AND FOR LAUNDERING MEDICAL DEPARTMENT UNIFORMS AND LINENS* PAGE (Co~rriNuEO) RI~;O 1