BROOKLYN-MANHATTAN  TRANSIT CORPORATION
AND SUBSIDIARY COMPANIES

Excluding Brooklyn and Queens Transit Corporation and Subsidiary Companies
CONDENSED CONSOLmATED BALANCE  SHEET — JUNE 30, 1938

This balance sheet is a consolidation of accounts of only part of the group of affiliated companies. In
tliis statement, the assets, liabilities, and other accounts of the Brooklyn and Queens Transit Corpora¬
tion and its subsidiary companies are not included as such, but the equity therein is represented by
investments in the securities of those companies.

CAPITAL STOCK, LIABILITIES AND SURPLUS
Capital Stock—No Par Value:
Brooklyn-Manhattan Transit Corporation:

_____________shares______________

Authorized      Issued      Reacquired      Outstanding
(Note 3. Page 27)

Preferred: (Note 4, Page 27)
Unclassified..   100,000      —        _          _

$6.00 Cum...  250,000 249,468    —     249,468 $ 24,946,800.00

Common  ...... 850,000 769,911 34,247 735,664    29,938,137.56 $ 54,884,937.56

Funded Debt:
Brooklyn-Manhattan Transit Corporation:
Rapid Transit Collateral Trust Serial Bonds (Pay¬
able within one year, $2,500,000.00)..........     41,000,000.00

Rapid   Transit   Collateral   Trust   Bonds,   4yi%
Series Due May 1, 1966....................     69,500,000.00

110,500,000.00

Subsidiary Companies ............$160,523,100.00

Less in Treasury and in Sink¬
ing Funds (including Bonds
Pledged)   ...................  137,978,100.00    22,545,000.00    133,045,000.00

Current Liabilities : (Note 5, Page 27)

Accounts Payable  ...........................        1,666,556.72

Dividends Payable...........................          189,757.97

Tax Accruals   ..............................          584,057.59

Interest Accrued on Funded Debt..............        1,344,333.67

Damages, Tort Claims and Judgments..........            75,959.69

Due to Associated Companies.................            22,303.42        3,882,969.06

Reserves : (Note 6, Page 27)

General and Contingent (Note ib. Page 26)........        6,052,791.24

Amortization of Capital.......................      12,648,112.97

Depreciation Fund Reserve....................      12,976,657.96

Damages  ...................................        1,508,717.39

Contingent Tax Liability......................        1,970,936.76

Other Reserves  .............................        1,199,876.61

Unamortized Premium on Funded Debt.........          262,309.77

Unadjusted  Credits   .........................            92,031.41      36,711,434.11

Earned Surplus as per Statement (Note 4. Page 27)                                    18,289,610.08
 

Total .................................                             $246,813,950.81

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