Brought forward,...................................    S7,745,000 00

Amount outstanding of the debts of the former Companies
composing the line, assumed by this Company under the
fifth Article of the Consolidation Agreement, the particulars
of which debts liave been stated in previous Reports,.......         550,371 60

Bonds of the Buffalo and Niagara Falls Railroad Company, assumed
by this Company under the agreement, by way of lease, between
the two Companies, payable October 1st, 1804, interest at
7 per cent per annum, payable in the city of New York,
semi-annually, on the ]st of January and tbe 1st of July,.....           35,000 00

Bonds for funding the principal of the debts assumed by this
Company for the former Companies, at the time of con¬
solidation, dated August 1st, 1856, payable August 1st, 1876,
interest at 7 per cent per annum, payable in the city of New
York, semi-annually, on the 1st of February and the 1st of
August,..............................................      1,808,000 00

Bonds to the Stockholders of the Buffalo and Niagara Falls
Railroad Company, under the agreement before referred to,
dated February 1st, 1854, payable May 1st, 1883, interest at
6 per cent per annum, from the 1st of July, 1853, payable in
the city of New York, semi-annually, on the 1st of May and
the 1st of November,...................................          86,000 00

Bonds given for Railroad stock (as stated in previous Reports),
dated August 1st, 1853, payable May 1st, 1SS3, interest at 6
per cent per annum, from the 1st of May, 1853, payable in
the city of New York, semi-annually, on the 1st of May and
the 1st of November,...................................         680,000 00

Bonds issued at different times for the purchase of Real Estate,
payable May 1st, 1883, interest at 6 per cent per annum,
payable in the city of New York, semi-annually, on the 1st of
May and the 1st of November,...........................         175,000 00
 

Carried forward,...................................$10,579,371 60