THE NEW YORK CENTRAL RAILROAD COMPANY

Earned Surplus Account

BALANCE TO CREDIT OF EARNED SURPLUS—JANUARY 1, 1944..........       $253,486,928

ADDITIONS:

Net Income for the Year 1944................          $35,789,939

Sundry Items......................                 159,859            35,949,798
 

$289,436,726

DEDUCTIONS:

Dividend Appropriations of Surplus...............            $9,671,091

Surplus Appropriated for Investment in Physical Property.......                   26,904

Miscellaneous Appropriations of Surplus.............          Cr. 279,615

Retirement of Road Property—Lessor Companies..........                 718,466

Additional Depreciation—Road Property—1942 and 1943........              1,499,094

«

Loss Account Liquidation Trestle Realty Corporation........                 283,601

Premium Account Retirement 2%% Secured Bonds..........                 317,895

Loss on Sale of Property in City of New York...........                 231,297

Sundry Items......................                 583,840            13,052,573

BALANCE TO CREDIT OF EARNED SURPLUS—DECEMBER 31, 1944.........       $276,384,153
 

Of the total funded debt of The New York Central Railroad Company and its lessor companies outstanding on December 31, 1944,
the following amounts, including amounts due the State of New York in connection with certain grade crossing eliminations,
mature within the succeeding ten years.
 

Year
 

Equipment
Obligations
 

Bonds and
Miscellaneous
 

1945
1946
1947
1948
1949
1950
 

$8,216,440
7,26^,440
7,103,342
7,036,545
7,002,545
6,064,809
 

$616,981
486,981
486,981
486,981
486,981

5,200,981
 

Total
 

$8,833,421
7,751,421
7,590,323
7,523,526
7,489,526

11,265,790
 

Year
 

1951
1952
1953
1954

Total
 

Equipment
Obligations
 

Bonds and
Miscellaneous
 

Total
 

$4,956,000
2,366,000
2,080,000
1,550,000
 

$6,268,981

20,800,981

3,481,981

486,981
 

$11,224,981

23,166,981

5,561,981

2,036,981
 

$53,640,121       $38,804,810       $92,444,931