United States Investor Volume 31, No. 1

United States Investor Volume 31, No. 1

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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. 1920 edition. Excerpt: ...of marketable securities remains at about the same figure as a year ago, $623,271 being added to the reserve for depreciation of securities now amounting to $1,415,443. Of this amount $713,782 represents depreciation in the value of Liberty Bonds owned. Notes payable on December 31, 1919, amounting to $7,850,000-show a decrease of $2,650,000 during the past year. The collateral deposit securing these notes is composed entirely of Liberty Bonds. Accounts payable at the end of 1919 were $455,047 greater than a year ago although there was an actual decrease in accounts owing for purchases of supplies and the Jlikg. Unpaid message tax collections due the Government and a special payment to employes of December 31, 1919, disbursed in January more than offset the decrease spoken of. No satisfactory settlement has yet been reached with the British tax authorities in respect to the income and excess profits taxes since 1914, the matter now being under review. A reserve sufficient to meet all requirements have been maintained against this liability. The net revenue reported for the year 1919 amounted to $6,847,773 compared with $7,678,485 in 1918 and $14,212,505 in 1917. Other income the past year which includes $5,184,298 in compensation due from the Government amounted to $6,790,822 as compared with $4,718,241 in 1918 and $1,484,711 in 1917. By reason of the increase in income from other than operating sources the total income for the year was slightly greater than a year ago. Interest charges which in 1917 amounted to $1,331,850 were reduced to $776;913 in 1918 and were further reduced to $554,938 in 1919 leaving a. net income substantially larger than in 1918 and more nearly approaching the net. income of 1917. Other charges which were heavier...show more

Product details

  • Paperback | 1124 pages
  • 189 x 246 x 56mm | 1,960g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236919963
  • 9781236919960