EXHIBIT No. 2
 

AS OF DECEMBER 31, 1926
 

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

$45,249,950.00

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

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

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

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

76,567,233.66

Real estate mortgage..............................................................................................................................              75,000.00

Operating reserves........................................................................................................................            953,917.69

Working Liabilities

Accrued interest, rents and taxes, not yet due............................................          $1,219,298.16

Accounts   payable........................................................................................               275,232.84

Matured interest payable............................................................................                61,748.79

Interest on adjustment income bonds, 2^% declared February 10, 1927,

payable April 1, 1927..........................................................................              827,550.00

Preferred dividends payable................................................................................              136,214.16

Common dividends payable..................................................................................                  5,348.40

2,525,392.35

Profit and loss, Surplus........................................................................................................................         5,452,986.54

TOTAL LIABILITIES....................................................................................................    $130,824,480.24