EXHIBIT No. 2
 

AS OF DECEMBER 31, 1924
 

827,550.00
2,807.37
 

$45,249,950.00
 

LIABILITIES

Common capital stock and scrip....................-..........____________.............       $39,994,945.00

Preferred capital stock and scrip..............____.................................................           5,242,938.75

Stocks held to redeem outstanding securities of predecessor companies......     ______12,066.25

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

First mortgage i]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

76,567,233.66

Real Estate mortgages____..............................____....................................................   .............-----             653,000.00

Reserve for contingencies.........................------...........................................................................-......           1,500,779.21

Operating reserves___.................................................................................-.......-....................-..............             986,999.62

Working Liabilities

Accrued interest, etc., not yet due.......................................----...............-----           1,174,933.11

Accounts payable..................................................................................................              312,589.60

Matured interest payable....................................................................................               64,783.79

Interest on adjustment income bonds, 2}4% declared January 22, 1925,
payable April I, 1925.„................-...............................................   ...........

Preferred Dividend No. 1, balance payable per contra........................-----     ______________

2,382,663.87

Items in Suspense—Net..................-------..............------.............-----................   ..............-----.........                10,092.99

Profit and Loss, Surplus.............................................................--................-.............--------.............           2,822,625.76

TOTAL LIABILITIES...........................-..................................----..........------.........-....... -      Sl30,173,345.11