EXHIBFT No. 2

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED DECEMBER 31, 1929
 

Balance, Surplus December 31, 1928..................................................................                                      $6,825,733.61

Additions:
 

Surplus income for the year ended December 31, 1929, as per income
account   ..................................................................................................
 

Dividends Xos. 13 and 14 on Preferred Capital Stock, payable August

15, 1929, and February 15, 1930                                                             $262,05777

Dividends Nos. 9 and 10 on Common Capital Stock, payable June 1,

1929 (1.25%), and December 2, 1929 (1.75%)..............................             1,199,785.27

Cost of main power plant equipment retired, less accrued depreciation,

etc..........-..........-.......-.....................-.......-.....-........-............-.............                809,877.24

Net adjustments applicable to prior periods............................................                   2,842.91         2,274,563.19
 

Balance, Surplus December 31, 1929................______..................-.--.....-.-                                     $6,798,380.53