EXHIBIT No. 3

GENERAL BALANCE SHEET
 

ASSETS
Investments:

Road and equipment..........................................     $111,544,028.62

Deposits in lieu of mortgaged property sold......................              300,007.67

Miscellaneous physical property................................        13,507,690.35

Investments in affiliated companies:

Stocks.......................................       $   2,000.00

Advances....................................            41,807.25

43,807.25
Other investments:

Stocks.......................................       $   5,671.43

Bonds.......................................          396,714.70

Notes.......................................          291,028.13

693,414.26
Total investments...................................                                   $126,088,948.15

Current Assets:

Cash........................................................    $      954,708.05

Special deposits...............................................                79,744.67

Notes receivable..............................................                12,693.73

Miscellaneous accounts receivable...............................              182,056.80

Materials and supplies.........................................              389,022.79

Interest receivable............................................                37,033.77

Other current assets...........................................                31,146.00

Total current assets.................................                                         1,686,405.81

Deferred Assets:

Insurance and other funds (including $1,302,000.00 par value of

company's bonds)—At cost..................................     $   5,484,862.28

Other deferred assets...........................................               59,245.11

Total deferred assets................................                                         5,544,107.39

Unadjusted Debits:

Rents and insurance premiums paid in advance...................    $        26,562.19

Other unadjusted debits.......................................                20,136.85

Total unadjusted debits.............................                                              46,699.04
 

TOTAL...................................                                   $133,366,160.39