EXHIBIT No. 3
 

AS OF DECEMBER 31, 1932
 

LIABILITIES

Common capital stock and scrip______.........__________..............-........

Preferred capital stock and scrip____..........______________..........-.......

Stocks held to redeem outstanding securities of predecessor companies-
First lien and refunding mortgage 5% bonds................______________

Adjustment income mortgage 5% bonds___.................______________

First mortgage 4^^% bonds________.....................__________________
 

Real estate mortgage -—
Operating reserves ____
 

Working Liabilities

Accrued interest, rents and taxes, not yet due-
Accounts payable_________________...............

Matured funded debt unpaid.............................

Matured interest payable................................___
 

Interest on adjustment income bonds, 2J^^

payable April 1, 1933_______________

Preferred dividends payable_________..........

Common dividends payable_______________
 

declared January 26, 1933,
 

Profit and loss. Surplus---------------

TOTAL LIABILITIES-
 

$39,995,385.00

5,242,938.75

11,626.25

37,521.233.66

33,102,000.00

944,000.00
 

$ 821,507.61

274,967.74

2,000.00

57,986.29

827,550.00
140,170.90
33,919.79
 

$45,249,950.00
 

71,567,233.66
50,000.00
552,751.10
 

2,158,102.33
6,646,196.26
 

$126,224,233.35
 

Contingent upon the outcome of a case now pending there is a possible tax liability of approximately
$150,000.00 for Federal income taxes in addition to current accruals, or a possible refund of approximately
$100,000.00.