Condenesd Balance Sheet

New York & Honduras Rosario Mining Company

New York City

December 31, 1928

ASSETS
Permanent—

Mines,   Real   Estate   and   Conces¬
sions  ..........................$3,000,000.00

Less:    Allowance for Depletion of
Mines .........................   2,107,63276 $ 892,367.24
 

Plant   Buildings,    Machinery   and

Equipment    ....................   1,533,166.36

Less:    Allowance for Depreciation   1,085,709.46     447,456.90$1,339,824.14
 

Current—

Cash    .......................................$    81,301.48

Call Loans plus Interest (Secured)   ...........      301,391.66

Bullion at  Smelters and in Transit at  Market

Less Allowance for Expenses  ..............      316,758.25

Broken Ore in Stopes and Mill Bins at Cost . -        90,005.89
Materials   and   Supplies   at   Book   Value   Less

Allowance for Shrinkage to Estimated Cost. .      231,827.44

U. S. Securities at Market plus Interest  ......      362,580.87

Other   Marketable   Securities   at   Market   plus

Interest   ...................................   1,377.395.83  2,761,261.42
 

Other Assets—

Sundry Accounts Receivable   .................$      6,437.96

Capital   Stock   of   Other   Company    (Nominal
Value)     ...................................               1.00        6,438.96
 

Deferred Charges—

Prepaid Insurance, Taxes and Expenses   ..................      261,131.84
 

TOTAL ASSETS ...................................$4,368,656.36

LIABILITIES
Current—

Drafts Payable  ..............................$    49,305.23

Accounts Payable ............................        46,636.97

Federal Income Tax—1928  ...................        36,060.33 $   132,002.53
 

Reserves—
Dividends—Payable  January,   1929   ...........
 

$   100,000,00
71,968.30
25,133,98

27,921,57
999,39
 


 

Transit  Insurance   ...........................

Sabana Grande-Honduras Mining Company Ad-
 


 

Property  Replacement   .......................
 

226,023.24
 

Capital Stock—

Authorized and Issued—200,000 shares of a Par

Value of $10,00 per share ..................

Surplus

Earned                           .............$1,413,164,10
 

$2,000,000,00
2,010,630,59
 


 

Appreciation   of   Mine

Valuation  ..........$1,500,00000

Less Depletion Earned    902,533.51     597,466,49
 

4,010,630,59
 

$4,368,656,36