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Copy o f Charles W C o l l i n s National Telegram,, Press Bldg Washington D C INTERAMERICA CORPORATION AND OTHER TRANSAMERICA SUBSIDIARIES OWN FORTY ONE THOUSAND N I N ^ HUNDRED TWENTY S I X CLASS A SHARES AND THIRTEEN THOUSAND ONE HUNDRED FORTY SEVEN CLASS B SHARES FIRST NATIONAL CORPORATION PORTALDN OUT OF TOTAL OUTSTANDING F I F T Y EIGHT THOUSAND SHARES AND THIRTEEN THOUSAND THREE HUNDRED THIRTY THREE SHARES RESPECTIVELY STOP FIRST NATIONAL CORPORATION OWNS NINE THOUSAND F I V E HUNDRED THREE SHARES FIRST NATIONAL BANK PORTLAND WHILE INTERAMERICA CORPORATION AND OTHER TRANSAMERICA SUBSIDIARIES OWN ELEVEN THOUSAND ONE HUNDRED SEVENTY SHARES STOP TRANSAFRICA THUS CONTROLS DIRECTLY AND INDIRECTLY TWENTY THOUSAND S I X HUNDRED SEVENTY THREE SHARES FIRST NATIONAL BANK PORTLAND OUT OF TWENTY F I V E THOUSAND SHARES OUTSTANDING STOP TRANSaMERICA AND INTERAMERICA APPLIED FOR AUTHORITY TO VOTE INTERAMERICA HOLDINGS I N FIRST NATIONAL BANK STOP FIRST NATIONAL CORPORATION ALSO APPLIED FOR AUTHORITY TO VOTE I T S " HOLDINGS I N FIRST NATIONAL BANK FOR THE REASON THAT BANK STOCK WAS INADVERTENTLY VOTED I N JANUARY N I N E T E E N J £ H I R T Y FOUR BEFORE INTERAMERICA RECEIVED TEMPORARY PERMIT STBP AT MEETING JANUARY NINETEEN THIRTY F I V E INTSRAMERICA CORPORATION HOLDING TEMPORARY PERMIT VOTED MAJORITY OF STOCK REPRESENTED AT THAT MEETING SO THAT FIRST NATIONAL CORPORATION WAS NO LONGER A HOLDING COMPANY A F F I L I A T E *iND WITHDREW ITS APPLICATION TO VOTE BANK STOCK STOP MCPHERSONS COMMITTEE WAS OFFERED AND RECEIVED EVERY F A C I L I T Y TO EXAMINE AND AUDIT THE BOOKS OF FIRST NATIONAL CORPORATION AND THOROUGH EXAMINATION AND AUDIT 7/aS MADE BY REPRESENTATIVE OF COMMITTEE I N OCTOBER NINETEEN THIRTY FOUR FURTHERMORE ERNST aND ERNST CERTIFIED STATEMENT AS OF DECEMBER THIRTY FIRST NINETEEN THIRTY FOUR WAS FURNISHED TO ALL STOCKHOLDERS STOP FOR YOUR INFORMATION THIS SOCALLED STOCKHOLDERS PROTECTEE COMMITTEE I S INACTIVE EXCEPT A3 TO MCPHERSON HIMSELF WHO OWNS 200 SHARES FIRST NATIONAL CORPORATION CLASS A AND WHO I S TRYING TO ESTABLISH A NUISANCE VALUE FOR HIS STOCK JOHN M. GRANT
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