1439000 1- 4720 06

WESCO FINANCIAL CORP NYS CARD 1

CALIFORNIA

SIC 612 W34 20 00 000

10-K PT 1 & 2 1970

MICROFICHE BY LEA~G_O_IN_FORMATION PRODUCTS , --~,_~

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AND EXCHANGE CQMMISSIO~, ' · W!lshington, D. c. "

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ANNUAL REPORToPURSUA."IT TO SECTION l3 .OR 'J.5 (d} OF ·. THE SECURITIES EXCHANGE ACT OF·, 1934 ' ' .· ,_" '"' " . - ' - '· . '

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Interest and divid·ends

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'" .o· ... -. . .. :· $23i44'2,508 $22,67§,22'&' $23,649,528

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tratiye !?xpenses · J 3,392,686' !Interest ori savings ,

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filed ai; a part'of this

to property, plant and ~quipment of registrant and(/~ts ,! is made

0i;o Schedul7s v llnd .VI C>f .. •AcCO\lntants I Reporlt"

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.I ' · ibere has been no change in the relationship of iegisi;,•ant to ,its subsidiaries f0 oni 1 that previously repor~ec.I at Item 3 of registrant's 1966 and 1967 ann1,1al repo,rts on Form·lO-K. ·.

· 'l~em 5. Pending lgaf 0Proceed;ngs. " \ a· ~ a

ii , 'I: , .'' None·. other tlia~ ordinary routine" litigation, incidental ··to the busines}\:

Item 6, Inc£ease3 and Decreases in Outstanding Equity ,Securities. "\\

• ibe i~creasJI reported herein invo:tves iegistrant' s capita~ stock, .par value $1, which i\; .~ts only ·class of stock •. ·

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sJlres o~ capitli,l $toclr the,. l!ltl)ckholders., and• net proceeds disburs!!Ji' pr'1, rat~ to the

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. at,·necem.ber 31, 1970, . . · ,, " · " .. · 2,050.,118] '_' ,. - ~- - , ·-. , , - - ._·-·- .-_ .· - . - - - , o_ - . . . ;.;-, ,. ·- .... _, -.~-, _,·

The 97, 625 shiires SC)· issued• were not registered undero the Secµrities Act of;-19~~ becaus1;1 ln .the opinion of rfgist;railt's (\pun11..el t~e. iilsu~ce C)f thi; fµll . .., " shares_ l:C) t)le stockhc:>lders di;d n~~ constitutt; ''sale!'." wi[fin the.'1111!.~ning of . '

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0the stC)ckholders' ~~ent i!J exempt under .Rule• 236· of. the G!;lneral

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~ c>e1;!!~; 026, 1971 (:h~8aar4 .. of Directors de~lared ~ .st~~{.u.videna' payable.April 6, 1971 to stockholder, of record on· March 3, 197-1. Upon·

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•: payinent 9f. ,the dividend .•. the ,fa,ir 1111!.r'k:et; !slut: ()f the a.C:.oclt af of ·· ,, .Jfilnuaey 26, 1971 will_ be c1!4:t"ged .to mark~t val,ue o~ lltock dividen.da, cO,illiion iltoclc '!fill ,be' cre~ited 1'ith,;an,, 8mOUl)t equa~ to. l;be' P4'•~al~ ~f

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inaJ.\rance qf IBVinga SCCOUllta, requires savinga asid 10.n .S880clatil>Pll tq 0 '•inta~ncpe~tai# reserve• vhich may be. uaed onl:y for the p\lrpoae of ab-, ' &orbing lqail.el!I ~'. In adll,~tion1 ailaociationa m1at •inta.1o. certai~"railes;ve1 . urtif.er C&,11.~orniA Jaw•,. ~µch . reilervit J!'•l!itirementa were .iae,t. i;y;,JtJj:ual. " : S&~f.ngs •• s,,of ~

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