EXHIBIT No. 3

GENERAL BALANCE SHEET
 

ASSETS
Investments:

Road and equipment..........................................    $111,243,799.95

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

Miscellaneous physical property................................        13,509,259.57

Investments in affiliated companies:

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

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

43,807.25
Other investments:

Stocks.......................................       $   5,671,08

Bonds.......................................          330,125.68

Notes.......................................          360,890.63

696,687.39

Total investments...................................                                   $125,793,561.83

Current Assets:

Cash........................................................    $      662,723.66

Special deposits...............................................               84,633.42

Notes receivable..............................................                 8,732.52

Miscellaneous accounts receivable...............................              195,079.92

Material and supplies..........................................              409,078.09

Interest receivable............................................                35,015.83

Other current assets...........................................               31,168.00

Total current assets.................................                                         1,426,431.44

Deferred Assets:
Insurance and othei funds (including $2,394,000.00 par value of

company's bonds)—At cost..................................    $   5,958,567.32

Other deferred assets...........................................               31,552.97

Total deferred assets................................                                        5,990,120.29

Unadjusted Debits:

Rents and insurance premiums paid in advance...................    $        32,528.04

Other unadjusted debits.......................................               51,355.21

Total unadjusted debits.............................                                             83,883.25
 

TOTAL...................................                                  $133,293,996.81