Show UTAH UTAH- M. M T i 1 THAS HAS DEFICIT AFTER i iD D DEPLETiON PLEIN Are I Various Co Controversies A Are Settled d and Valuable Concessions Concessions Con COn- 1 cessions cessions Obtained i The report oC of the Utah Metal s atuf Tunnel com company pan f for r U the e year year ended ended De December j 31 1 1919 shows hows income of oc This with a depletion depletion tion tion ton charge o of U U. U brought the toUl al lost loss up to S U t The current assets amounted TO 1 current liabilities 19 00 The Tb report S B in n part J I No IO annual annual- report for far 1918 was as issued d b bs b j cans causo this company P was engaged in a co trover I y about b apex rights h with the V a 1 Consolidated solle have alt all lr Mining b been company straightened r ne These I out t in a awer were finally disposed of of in the rJ pa pahr pa V bf hr r As a n result reul we e obtained very ery ry va vait able concession of oC Wining territory a ad Sdi R I t bat were already alreadY possessed a settled and several claims f fora r rI trespass that had had been pending pending- between t tJ K I two to companies companie I co The any y bonds covering of Ie Iet t the a a. e part Utah a of t Metal the fh a r Ir fell tl due April Apri 1 1 1919 1039 Arrangements were f made ade to to refund these bonds bond with new i ot f th te Utah Utah Tunnel Metal Tunnel com company an i All Al but ot of the bonds h have ve wela sned sen ted to to- this arrangement The Issue of of bonds bands is still the nm earn un M amount as al the former Issue on the Ule property tsuan ot of of th tb Utah Utah Metal Wining CO company paDY this 2 your company company owns awns and ho leaving outstanding only only of bonds This Is I. allowing for tor the bonds set st aside for exchange e of of the same am amount of of Utah Metal Mining com company pan bonds The The new bond Issue Isue matures April Apri I 11 SI 1929 1029 I 1 During the he year shares hare of treasury treasury treas treas- trea ury stock were sold lold for cash cah without de deduction dg- dg at 4 per share SI j |