Show U UNITED STA STATES TES ROYALTIES CO a INC IN UTAH S OUR PROPOSITION This company is organized for the purpose of acquiring royalties in producing and prospective oil fields principally in in Utah Wyoming and Montana No drilling operations will be undertaken by this company S OUR PRESENT ROYALTY HOLDING HOLDINGS S Utah J S Wyoming E 5 70 o gross royalties on 1700 acres in inthe 1 o JYo I gross r royalties on claims Circle the Salt Creek field Natrona county S S. S Cliffs structure f I Montana S Si i 15 gross royalties on claims claims' S ii ih 5 S O gross royalties on acres in 1 I Rafa Rafael l structure j Clear Creek structure and several other 5 5 S I r. r S r very desirable oil properties on which 5 I p g gross ss royalties s. s on ont claims is we e have not as yet negotiated drilling i structure contracts f C S I IV S V We have acquired all the above properties for for less than one-fifth one of our our- treasury stock We Ve will vill continue continue securing royalties in in inthe the various s fi fields ld as we receive favorable reports from our geologists and field mew men S v J The greatest loss we could possibly sustain sustain should should a ai of th fi ld in in w which ich we are interested prove barren would only be the time lost in securing our interest and the nominal initial investment If II S S OUR Pl PLAN LAN N Capitalization Par Value of Stock No Promotion Stock S We are auth authorized to dispose of 25 OOOO worth of the the company's stock at par No comm commission sion is charged against the sale of stock All moneys so obtained less actual office expenses are to be used wed for the purpose of buying royalties in proven fields fid We have no agents or brokers All stock dock must be bought direct from our offices We have acquired all the above properties for less les than one fifth of our treasury g stock FOR FURTHER INFORMATION CALL OR WRITE UNITED STATES ROYALTIES co F Clift ChIt Building Phone Wasa Wasatch ch 1282 Salt Lake Lalie City Utah S DIRECTORS INCORPORATORS S. S 0 D. C. C Morrison i B. B C. C Morrison President Leo F. F S S Si i S Leo F. F Vice President Arthur Davies i r. r h 1 W. W F. F Earls i S. S Arthur Davies S Secretary Treasurer Secretary Treas Treasurer 7 J J. J A A. A Malta Malia Malia f l II i I Hi i i i I Ii o i j L I J. J ti r J Hr fAl f t. t i 3 1 I a. a J I s rt ff j t 1 I L t 1 Af |