Report with Appendix, March 1908

Report with Appendix, March 1908

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 edition. Excerpt: ... Massachusetts Rail-Road Commission. The accounts of the New Haven for the year 1906-07, .as_puh-lished in the annual report to the stockholders, differ, from those reported to the Massachusetts Railroad Commissioners. This is due to the fact that the former were prepared by Messrs. Price, Waterhouse & Co., so as to show the combined inc.Qm.e_ and financial condition of the New Haven Company and. of other companies operated by the New Haven Company and. at the Bagagtjme fnntroUenI by ownership nfsWk: while the report to the Railroad Commissioners is that of the New York, New Haven & Hartford, as a distinct corporation. The report to the stockholders thus represents the financial condition of the system ns a whole, incJadjag the entire out-' standing liabilities, in jhe hands of the rmblic. of ajl companies--whether steam railroads, street railways or steamship properties--which are operated.by the New York, New Haven & Hartford Railroad Company, and which are at the same time coniiojjfid by ownership of their capital, stocks. Thconsoli datexUlance-sheet in said report elinjjaates inter-company accounts; i.e., it omits accounts and securities of controlled companies due.to or owned bj the New Haven Company jgranyi other companies in the system as above defined, and it therejjore affords a fuller and more exact statement of the financial condition of the combined system than does the balance sheet of the corporation proper, as reported to the Railroad Commissioners. To illustrate: The amount of outstanding capital stock of the New York, New Haven & Hartford is given in the report to the Railroad Commission as $121,878,100. This includes $24,797,700 held by subsidiary companies on June 30, 1907. In the annual report to the...show more

Product details

  • Paperback | 64 pages
  • 189 x 246 x 3mm | 132g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 123674618X
  • 9781236746184