Statement of the Present Condition of the Philadelphia Reading Railroad Co: With Plan for Their Financial Re-Organization (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Statement of the Present Condition of the Philadelphia Reading Railroad Co: With Plan for Their Financial Re-Organization

In addition to the above surplus there has been some saving during the year, resulting from the Receivers having purchased a considerable amount of interest and having paid some rentals at less than the actual amounts due, but of which no account is taken in the above.

Upon the resumption of sinking funds next year, must be added to the total of fixed charges; the relief from scrip will be 'in 1881 and in 1882, after which full fixed charges must be paid.

In considering a plan for the extrication of the Com pany from financial difficulty, it is best to leave out of the question all temporary relief from scrip payments or suspension of sinking funds, and to deal with the total of fixed charges as they will be in 1883, when full payments, both for interest and sinking funds, must be made.

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