28
 

Changes in Funded Debt

The amount actually outstanding on December 31, 1947,
was increased by issue of:

Equipment Trust of 1948, 2^% Equipment Trust Certificates
Second Equipment Trust of 1948, 2H% Equipment Trust

Certificates
Third   Equipment  Trust  of  1948,   2f4%  Equipment  Trust
Certificates
 

and has been reduced by the following payments:

Principal installments due annually under equip¬
ment trust agreements;

Trust of 1937, March IS, 1948

Trust of 1939, December 1, 1948

Trust of 1940, June 1, 1948

Trust of 1941, February 15, 1948

Second trust of 1941, July 15, 1948

Trust of 1943, June 1, 1948

Trust of 1944, September 1, 1948

Trust of 1945, May 1, 1948

Second trust of 1945, August 15, 1948

Trust of 1946, January 1, 1948

Trust of 1947, January 1, 1948

Second trust of 1947, August 15, 1948
 

$565,604,040 00
$12,800,000 00
12,600,000 00
13,800,000 00       39,200,000 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

750,000 00

880,000 00

1,770,000 00

2,000,000 00

940,000 00
 

$604,804,040 00
 

$13,236,000 00
 

Principal installments due quarterly under rail¬
road equipment agreement assigned to banks:
Agreement dated February  1, 1945, assigned to
Public  National   Bank   and Trust Company  of
New York;

Series A

Series B
 

$142,760 00
26,520 00
 

and has been further reduced by reacquirement of bonds by purchase

prior to maturity as follows;

Indiana, Illinois & Iowa R. R. Co. first mortgage 4%
Jamestown, Franklin & Clearfield R. R. Co. first mortgage 4%

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

Series A 4K%                                                                      $852,000 00

Series C 5%                                                                            395,000 00
 

169,280 00       13,405,280 00
 

$591,398,760 00
 

$59,000 00
145,000 00
 

1,247,000 00
 

leaving the unmatured funded debt actually outstanding on December 31, 1948
 

$589,947,760 00
 

On December 31, 1948, there was also outstanding and included under deferred
liabilities, $27,040,620.64 payable over a period of years to the state of new york for this
Company's proportion of the cost of grade crossing eliminations.