18
 

Changes in Funded Debt

Changes in funded debt of this Company, in detail, were as follows:
The amount outstanding on December 31, 1944,
was increased by issue of:

Equipment Trust of 1945, l^% Equipment Trust

Certificates
Second Equipment Trust of 1945, 1/4% Equipment
Trust Certificates
 

Equipment agreements dated February 1, 1945,
assigned to the Public National Bank and Trust
Company of New York:

Series "A" notes, 1.45%

Series "B" notes, 1.45%
 

and has been reduced by:

Payments falling due during the year on this Com¬
pany's liability for principal installments under
equipment trust agreements:

Trust of 1930, May 15, 1945

Trust of 1937, March 15, 1945

Trust of 1939, December 1, 1945

Trust of 1940, June 1, 1945

Trust of 1941, February 15, 1945

Second trust of 1941, July 15, 1945

Trust of 1943, June 1, 1945

Trust of 1944, September 1, 1945

Quarterly payments falling due during the year
on this Company's liability for principal installments
under railroad equipment agreements assigned to
banks:

Agreement dated December 30, 1938, assigned to
The First National Bank of the City of New York
Agreement dated May 2, 1939, assigned to
Marine Trust Company of Buffalo, N. Y.
Agreement dated May 3, 1939, assigned to
Guaranty Trust Company of New York
Agreement dated May 20, 1939, assigned to
Marine Trust Company of Buffalo, N. Y.
Agreement dated September 8, 1939, assigned to

Marine Trust Company of Buffalo, N. Y.
Agreement dated October 31, 1939, assigned to

Guaranty Trust Company of New York
Agreements dated February 1, 1945, assigned to
Public National Bank and Trust Company ot
New York:

Series "A"                                          $71,380 00

Series "B"                                            13,260 00
 

$1,142,080 00
212,160 00
 

$952,000 00

286,000 00

900,000 00

1,040,000 00

1,090,000 00

1,500,000 00

530,000 00

1,550,000 00
 

$117,700 00
68,000 00
15,824 00
23,578 48
72,545 48
70,791 76

84,640 00
 

and has been further reduced by reacquirement of:

N. Y. C. R.R. Co. refunding and improvement mortgage.

Series "A" 4>^% bonds, purchased and held in treasury

N. Y. C. R.R. Co. refunding and improvement mortgage

Series "C" 5% bonds, purchased and held in treasury

leaving the unmatured funded debt outstanding on December 31, 1945
 

$560,955,120 86
 

$7,500,000 00

8,800,000 00

$16,300,000 00
 

1,354,240 00       17,654,240 00
 

$578,609,360 86
 

$7,848,000 00
 

453,079 72          8,301,079 72
 

$570,308,281 14
 

$6,476,000 00
6,533,000 00        13,009,000 00
 

$557,299,281 14
 

On December 31, 1945, there was also outstanding and included under deferred
liabihties, $27,918,625.77 payable over a period of years to the State of New York for this
Company's proportion of the cost of grade crossing eliminations.