Hudson & Manhattan Railroad Company
thirty-seventh annuau report

YEAR  ENDED  DECEMBER  31,   1945
 

INDEX

PAGE

List of Directors and Officers....................................          2

Report of Chairman of the Board and President..................      3-6

Certificate of Haskins & Sells, Certified Public Accountants.........          7

Income Account...............................................          8

Profit and Loss Account........................................          9

General Balance Sheet..........................................   10-11

Statement of Bonds Outstanding.................................        12