Statement  of   Earnings   for  the   Year  Ending   December  3Ist,   J908.

Total Earnings.........................................$-264,851.70

Operating Expenses, including Maintenance, Taxes and

Insurance.......................................   147,711.70

Xet Earnings from Operation................   117,140.00

Interest on Bonds......................................     67,688.31

Net Profit.................................5 49,451.09

Assets and Liabilities, December 31, 1908.
 

Plant...............................$2,937,217.51

Miscellaneous.........................         0,837.88 $2,934,055.39

Available Assets.
 

Accounts Receivable:—

Due from New York City . . . .$10,576.49

Customers Accounts.........   27,717.91         38,294.40

Stores and Fuel..................". .V.         20,548.32

Cash...............................        127,801.20 _192,043.92

$3,120,699731
Liabilities.

Capital Stock.........................$1,500,000.00

Bond  Account.

Authorized..............$1,500,000.00

Unsold.................        37,000.00    1,403,000.00 $2,963.000.00

Current  Liabilities.
 

Accounts Payable.......................$ 29,175 . 07

Taxes Accrued.........................     19,609.31

Bond Interest Accrued..................     12,191.64         00,076.62

Reserve Accounts..................................           4,411.75

Surplus Reserves Dec. 31, 1908.....................           98,310.94

$3,126,699.31

We have carefully examined the accounts of the New York and
Richmond Gas Company, and certify that the foregoing statements
of Earnings for the year ending December 31, 1908, and Assets and
Liabilities as of December 31, 1908, are correct.

VOLLUM, FERNLEY, VOLLUM & RORER.
Certified Ptiblic Accountants, Philadelphia.