Comparative Condensed Statement of Assets
and Liabilities for the Year 1931-1930
 

December        December      Increase

31,1931         . 31,1930       *Decrease

tCurrent Assets   ...........   .......$2,836,302,30   $2,764,303,10   $71,999,20

Current Liabilities   ......'...........     114,839,77         84,882,39     29,957.38

Net  Current Assets........... 2,721,462,53     2,679,420,71     42,041.82

Other Assets   ......................     ' 44,757.39           3,222.47     41,534.92

Permanent Assets—Less Depreciation 419,621.41        433,697.41    *14,076.00
Mines,  Real  Estate and  Concessions

Less: Depletion of Mines  .......     862,503,53        876,939.38    *14,435.85

IJeferred  Charges   .................     215,971,37        263,157.54   *47,186.17

$4,264,316.23    $4,256,437,51. $ 7,878.72

Represented by:

Reserve—Insurance   .............$   137,060.90   $   122,503.14 , $14,557.76

Reserve—Dividends   Payable   ...       75,000.85        100,000.00    *24,999.15

Reserve—Sabana Grande Honduras

Mining Company advances  ...      32,174.33         31,161.34       1,012.99

Capital  Stock.................. 2,000,000.00     2,000,000.00---------

Surplus   ........................ 2,020,080.15     2,002,773.03     17,307.12

$4,264,316.23    $4,256,437.51    $ 7,878.72

Ratio of  Current Assets to Current

Liabilities   ......................   24.61 to 1         32.57 to 1        *7.96tol
 

{Included in the Current Assets are securities stated at market values at
December 31, 1930, and at December 31, 1931, at cost less reserve in the net
book value of $2,133,106.64 which had a market value at December 31, 1931,
of $1,608,887.00.