34

COMPARATIVE GENERAL BALANCE SHEET NOTES

Note A—Carried at cost or less.

Note B—As of Deeember31,1948, includes $1,296,429.94 in Canadian funds.

Note C—As of December 31,1948, includes $579,256.95 collectible in Canadian funds.

Note D—As of December 31,1948, comprises liability to lessor companies for which the New York Centra! is obligated to make settlement:

Equipment..................................................................................................          $26,487,366 81

Material and supplies........................................................................................          $15,248,065 98

Miscellaneous...............................................................................................               $4.'^3,612 94

NoFE E—As of December 31, 1948, includes $595,438.72 payable in Canadian funds.

Note F—As of December 31, 1948, includes:
Amounts payable to State of New York as New York Central proportion of certain grade crossing eliminations..........          $27,040,620 64

Note G—As of December 31, 1948, includes accruals for injuries to persons and loss and damage—freight........          $20,049,648 65

Note H—Includes $29,405,934.57 transferred from earned surplus accountsofcompaniesconsolidatedjanuary 1,19!5.
 

statement of SOURCES AND APPLICATION OF FUNDS

Sources from which the company derived funds
Surplus from operations
Non-cash charges to income:

Provision for depreciation—road and equipment—and amortization of war emergency facilities—

equipment                                                                                                                  '                    $34,560,856 09

I.ess:    Applicable to leased property for which settlement was made with Lessors                                9,569,754 81

Personal injuries, loss and damage and insurance—excess of expenditures over reserves            4,666,396 95

Proceeds from sale of property, easements and funds released by Trustees
Repayment of advances from affihated companies—net
 

$14,727,096 12
 

20,324,704 33

226,117 26

4,147,205 67
 

total additions
purposes for which funds were expended

For improvements to owned and leased property—road and equipment, excluding portion of cost of

equipment financed by equipment obligations                                                                                    $38,534,468 89

Retirement of long term debt (bonds) and equipment obligations—cost                                                      14,497,796 25

Purchase of securites of affiliated companies—cost                                                                                        6,341,045 13

Installments on grade crossing elimination indebtedness                                                                                  650,532 83

Other miscellaneous items                                                                                                                                816,423 22

TOTAL DEDUCTIONS
 

60,840,266 32
 

$21,415,142 94
 

INVESTMENTS
 

'ROVEMEKTS  ON   LEASE!

Amsterdam, Chuctai
Beech Creek E:
Beech Creek R;
Boston and Albi
Chicago, Kal;
Cleveland, Ci
Detroit, Hlllsdah
 

nda and Northern Railroad
Railroad
id
Railroad

nd Saginaw Railway
at!, Chicago and St Louis Railway
md South Western Railroad
 

Detroit, Toledo & Milwaukee Railroad

Erie and Kalamazoo Railroad

Fort Wayne and Jackson Railroad

Grand Centra! Terminal Improvements, New Yor

Hudson River bridges at Albany

Hudson River Connecting Railroad

Improvements on leased piers. New York

Improvements to ticket office, Chicago, Illinois

Joliet and Northern Indiana Railroad

Kalamazoo, Allegan and Grand Rapids Railroad

Lake Erie, Alliance & Wheeling Railroad

Mahoning and Shenango Valley Railway

Mahoning Coal Railroad

Michigan Central Railroad

Mt. Gilead Short Line Railway

New Jersey Junction Railroad

New York and Harlem Railroad

New York State Really and Terminal Company

Shenango Valley Railroad

Stewart Railroad

Stockvards, New York—West Side

Toledo and Ohio Central Railway

Trov and Greenbush Railroad

Wallkill Valley Railroad

W'est Shore Railroad
 

$21,448 66

1,447,052 IS

9,988 21

641,843 14

4,148 22

1,072,187 04

159,161 97

540 60
 

157,4
 

; 54
 

349,436 S3

51,673,079 00

1,503,735 87

188,579 03

651,027 81

98,331  15

133,218 12

43,569 27

2,523,418 17

5,063 09

230,509 00

101,179 43

13,217 99

615,233 00

35,850,348 97

2,140,269 01

3,959 36

469 30*

1,220,954 15

338,976 58

219,766 54

238,232 93

27,080,149 09
 

$123,735,563 32