Annual Report

The capital stock outstanding on December 31, 1912, was                  $222,729,300 00

This has been increased by the amount of the convertible value of
capital stock of consolidating companies outstanding in the hands of
the puMic on April 16, 1913                                                                                 2,851,766 00
 

making the total amount outstanding on December 31, 1913                     $225,581,066 00
 

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The former authority for the stock of this company, $250,000,000, was cancelled by
the agreement of consolidation and the amount of stock authorized to be issued at the
present time is $225,581,100, of which all but the sum of $34 is now outstanding.

Mortgage, bonded and secured debt outstanding on December 31, 1912,
was                                                                                                                   $346,028,225 14

This has been added to as follows:
Gold debentures of 1912, bearing interest at the rate of
four and one-half per cent per annum                                     $32,000 00

New York Central and Hudson River Railroad Com¬
pany bond, protected by mortgage executed by the
Geneva Corning & Southern Railroad Company, bear¬
ing interest at the rate of four per cent per annum                600,000 00
This company's pro rata liability in connection with
equipment trust certificates of 1913, bearing interest at
the rate of four and one-halt per cent per annum                6,028,012 95
INIortgage on real estate in the city of New York, bear¬
ing interest at the rate of three and one-half per cent
per annum                                                                                    1,000,000 00
The assumption, as funded obligations of this company,
of the outstanding bonds of merged and consolidating
companies                                                                             27,011,000 00       34,671,012 95
 

$380,699,238
 

and has been decreased as follows:

New York Central-Michigan Central collateral bond
scrip cancelled                                                                                 $445 00

Oswego & Rome Railroad Company second mortgage
bonds cancelled                                                                              2,000 00

Payments of installments falling due during the year
on this company's pro rata liability in connection with
the certificates issued under equipment trust agree¬
ments as follows:

Trust of 1907, installment due :\Iarch, 1913                        793,660 12

Trust of 1910, installment due Januarv, 1913                     433,964 42

Trust of 1912, installment due January, 1913                     477,116 10

Boston & Albany   trust   of   1912,   installment  due

October, 1913                                                                         348,000 00         2,055,185 64
 

Outstanding, as shown on the balance sheet of December 31, 1913           $378,644,052 45
 

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