Item "Other Permanent Investments" $1,351,633.64 added to cost of road, $150,509,466.64, making a total of $151,861,100.28. Item "Cash and Current Assets" show total of assets $5,806,095.07, instead of balance of debits and credits, as shown in previous report. Other permanent investments--Branch road cont. assets. Year Ending June 30, 1890. June 30, 1889, Reconstructed. June 30, 1890. Increase. Decrease. $ 151,861,100 28 $ 165,978,860 44 $ 14,117,760 16 12,621,585 54 14,5 5,489 61 1,883,904 07 1,079,181 60 787,894 45 291,287 15 2,152,200 30 4,188,357 46 2,036,157 16 1,227,721 36 4,680,285 10 3,452,553 74 Deferred payments on land sales, applic. to sinking fund when collected. 2,008,885 19 2,505,671 03 496,784 84 Revenue invested in sinking funds 2,491,004 26 3,420,512 05 $26,509 39 Amount reserved as due preferred stockholders to June 30, 1889. Profit and loss Grand total $ 184,902,593 19 210,920,655 72 26,018,062 52 EXPLANATORY REMARKS. BALANCE SHEET FOR 1889 RECONSTRUCTED AS FOLLOWS. Item "Current Liabilities" show total amount $6,893,439.71, instead of balance $1,087,335.63. Item "Profit and Loss " Transfer as of June 30, 1889, amount invested in equipments $ 1,269,029 33 2,205,239 29 $ 3,474,268 62 Amount determined to be due preferred stockholders to June 30. 1889, set aside.... 2,844,429 63 Final balance, profit and loss June 30, 1889. $ 629,839 49 Comr. of R. R's 9. |