EXHIBIT No. 3
 

AS OF DECEMBER 31, 1930
 

LIABILITIES

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

Preferred 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 4J^% bonds................................................................................               944,000.00

76,567,233.66
Operating reserves......................................................................................................................................            665,652.33

Working Liabilities

Accrued interest, rents and taxes, not yet due................................................           $1,061,943.50

Accounts payable....................................................................................................               301,271.27

Matured interest payable......................................................................................                 50,511.29

Interest on adjustment income bonds, 2j/^% declared January 22, 1931,

payable April 1, 1931.............................................................................-......               827,550.00

Preferred dividends payable................................................................................               138,731.17

Common dividends payable..................................................................................                 26,432.85

2,406,440.08

Items in suspense—Net............................................................................................................................             91,629.44

Profit and loss. Surplus................................................................................................................-...........         7,290,456.06

TOTAL LIABILITIES..............................................................................................--.................    $132,271,361.57