EXHIBIT No. 3
 

AS OF DECEMBER 31, 1928
 

LIABILITIES

Common capital stock and scrip........................................................................         $39,995,385.00

I-'referred capital stock and scrip........................................................................            5,242,938.75

Stocks held to redeem outstanding securities of predecessor companies........                 11,626.25

$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>^% bonds................................................................................               944,000.00

76,567,233.66
Operating reserves..................................................................................................................._..................           901,961.24

Working Liabilities

Accrued interest, rents and taxes, not yet due................................................           $1,158,406.09

Accounts payable....................................................................................................               247,555.68

Matured interest payable......................................................................................                 58,438.79

Interest on adjustment income bonds, 2j^% declared February 14, 1929,

payable April 1, 1929..................................................................................               827,550.00

Preferred dividends payable................................................................................               138,931.56

Common dividends payable..................................................................................                 18,139.19

2,449,021.31

Items in suspense—Net...............................................................................................-.......................                 51,715.21

Profit and loss. Surplus........................................................................................................................            6,825,733.61

TOTAL LIABILITIES............................................................................................-................        $132,045,615.03