The Commercial and financial chronicle . dener. BONDS.—The collateral trust 4Hs of 1906 (Windsor Trust Co., N. Y.,trustee) are secured by pledge of all the stock of the InterboroughRapid Transit Co or voting trust certificates therefor acquired at the rateof $ In bonds for $500 Interborough Rapid Transit stock. V. 82. p. $ 5% mtge. due In 1911 covers property In 218 th St. V. 83, p. 95. The coll. trust 5% notes of 1907 extended In 1910 ($15,000,000 ) can be Issued only pro rata as the collateral mentioned (V. 84, ) In the deed of trust Is deposited. Collateral
The Commercial and financial chronicle . dener. BONDS.—The collateral trust 4Hs of 1906 (Windsor Trust Co., N. Y.,trustee) are secured by pledge of all the stock of the InterboroughRapid Transit Co or voting trust certificates therefor acquired at the rateof $ In bonds for $500 Interborough Rapid Transit stock. V. 82. p. $ 5% mtge. due In 1911 covers property In 218 th St. V. 83, p. 95. The coll. trust 5% notes of 1907 extended In 1910 ($15,000,000 ) can be Issued only pro rata as the collateral mentioned (V. 84, ) In the deed of trust Is deposited. Collateral may be withdrawn ondeposit of an amount of cash as fixed by the deed of trust or additional notesof Metropolitan Street Ry. There are $2,549,400 6% notes (extended) dueJuly 1 1911. V. 85. p. 1401; V. 86. p. 1285 V. 90, p. 1491. In July 1910 $4,000,000 notes were sold to settle litigation and to becredited on account of stock liability in Metropolitan Securities Co. Vf91. p. 38; V. 92. p. 183. Jan., 1011.] RAILWAY STOCKS AND BONDS. 69. 70 RAILWAY STOCKS AND BONDS. [Vol. lxxxxii. REPORT.—Report of holding company for year ending Dec. 31 1909was In V. 92, p. 183. Total receipts. 53,; interest, taxes. &C,$3,205,733; balance, surplus, $55,510. Comotned Operations—Interborough Rap. Tran. Co. and N. Y. CiXv Ry,Year end. March 31— 1906-07. 1905-06. Changes. Gross earnings $43,353,841 $40,693,671 Inc. $2,660,170 Operating expenses 21,841,884 21, Inc. Inc. $1,862,802Dec. Net earnings ...$21,511,957 Other Income 1, Total Income $22,699,421 •Interest rentals and taxes $17,956,552 Int. (4J^%) on bonds 3, Metrop. St. Ry. guar, dlvs 666,368 5% pref. 2,273,990 .19,649,,781 $20,864,936 $16,766,926 ,888 Inc. $1,834,485Inc. $1,189,626Inc. 350,000Dec. 2, 2,273,990 Deficit $1,347,489 $2,341,878 Dec. $994,389 ?Excluding Metrop. special franchise tax In litigation, o Dividend. OFFI
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