EXHIBIT No. 2
 

AS OF DECEMBER 31, 1922
 

LIABILITIES

Common capital stock and scrip.........................  . ............        $39,994,890.00

Preferred capital stock and scrip................................... ..           5,242,151.25

Stocks held to redeem outstanding securities of predecessor companies ....                12,908.75

New York & Jersey R. R. Co. 1st mortgage 5% bonds................................           5,000,000.00

First mortgage 4>^% bonds.............................................................._......              944,000.00

First lien and refunding mortgage 5% bonds..................................................         37,521,233.66

Adjustment income mortgage 5% bonds..............._......................_...................         33,102,000.00
 

£45,249,950.00
 

76,567,233.66

Real Estate mortgages..................................................................._.......__.......................................              798,000.00

Reserve for contingencies...................................................._............._..........._..........._.................._..........           1,517,800.45

Working Liabilities

Accrued interest, etc., not yet due.........__........................................_................           1,066,995.37

Accounts payable......................................................._.................___...................              345,898.26

Matured interest payable____..............._..................._............._____................               97,890.49

Operating reserves............................-................-...............-...................................              693,515.37

Interest on adjustment income bonds, 3}4% declared January 25, 1923,

payable April 1, 1923.......................................               1,158,570.00

------------------------           3,362,869.49
 

Unadjusted credits (Guaranty Period)..............___.......-.—....................................-.......-...............              391,753.53

Profit and Loss, Surplus.........................-.......................................................................................               183,917.78
 

TOTAL LIABILITIES...-.........___..........-..........-..................................-............................       $128,071,524.91