EXHIBIT No. 2
 

AS OF DECEMBER 31st, 1921
 

LIABILITIES

Common capital stock and scrip..................................................................................................

Preferred capita! stock and scrip................................................„................„................................

Stocks held to redeem outstanding securities of predecessor companies....

New York & Jersey R. R. Co. 1st mortgage 5% bonds.___.....................................

First mortgage 4^% bonds...................................................................................................................
 

First lien and refunding mortgage 5% bonds.
Adjustment income mortgage 5% bonds.............
 

Real estate mortgages....
Readjustment reserve......
 

Reserve for contingencies...
V/orking Liabilities
 

Accrued interest, etc., not J^et due..

Accounts payable............................................

Matured interest payable.........................

Operating reserves.................................................
 

Interest on adjustment income bonds, 3>^% declared February 2d, 1922,
payable April 1st, 1922...............................___...............................................................
 

S39,994,S90.00

5,242,151.25

12,908.75

$5,000,000.00

944,000.00

37,521,233.66

33,102,000.00
 

$972,267.23
308,359.29
96,257.99
539,965.66

1,158,570.00
 

Unadjusted credits (Guaranty Period)..........................................................................................

Deferred interest on adjustment income bonds, being unpaid balance of 2%...

TOTAL LIABILITIES.........................................................................................................................
 

$45,249,950.00
 

76,567,233.66

843,000.00

477,922.48

1,547,466.93
 

3,075,420.17
433,642.01
662,040.00

$128,856,675.25