EXHIBIT II

THE      POWER      CORPORATION      OF      NEW      YORK

(PARENT COMPANY)

Balance Sheet on December ^i, 1534

LIABILITIES
Capital Stock :

7% Cumulative Preferred Stock—$100 Par Value:
Authorized—70,000 Shares
None Issued

Common Stock—Without Par Value (Nota 3)
Authorized—750,000 Shares
Issued—749,971 Shares...................................................    $10,595,555.00

Funded Debt:

534% Twenty Year Debentures, due May 1, 1947..............................        5,000,000.00

Long Term Liabilities Relating to Stillwater Reservoir and Other Property . .        1,015,069.23

Advances from Niagara Hudson Power Corporation and Affiliated Companies.        4,817,000.00

Current and Accrued Liabilities:

Principal and Premium of First Mortgage Bonds Called for Redemp¬
tion on January 29, 1935 (Note 3).............................     $4,742,255.00

Accounts Payable............................................           55,802.57

Taxes Accrued...............................................             4,575.15

Interest Accrued.............................................         100,695.90

Total................................................................        4,903,328.62

Reserve for Retirement of Property, Plant, Etc..............................           799,864.79

Capital Surplus (Note 4').....................................................      12,926,667.13

Earned Surplus (Exhibit I and Note 5).........................................           172,591.20
 

Total................................................................    $40,230,075.97
 

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