We, the undersigned, W. P. Harrington, President, and T. Harrington, Secretary, of the Colusa and Lake Railroad Company, on our oath, do severally say that the foregoing return has been prepared, under our direction, from the original books, papers, and records of said company; that we have carefully examined the same, and declare the same to be a complete and correct statement of the business and affairs of said company in respect to each and every matter and thing therein set forth, to the best of our knowledge, information, and belief; and we further say that no deductions were made before stating the gross earnings or receipts herein set forth, except those shown in the foregoing accounts; and that the accounts and figures contained in the foregoing return embrace all of the financial operations of said company during the period for which said return is made. Subscribed and sworn to before me, this tenth day of October, 1893. Secretary. J. W. GOAD, NEVADA COUNTY NARROW GAUGE RAILROAD COMPANY. [For 18 months ending June 30, 1893.] HISTORY. 1. Name of common carrier making this report: Nevada County Narrow Gauge Railroad Company. 2. Date of organization: April 4, 1874. 3. Under what laws organized: Laws of the State of California. Date of expiration of terms of Directors: April, 1894. Date of last meeting of stockholders for election of Directors: April 5, 1893. The Nevada County Narrow Gauge Railroad is operated by main line from Colfax, a station on the Central Pacific Railroad, in Placer County, to Nevada City, in Nevada County, a distance of 22.50 miles. CAPITAL STOCK. The total par value of authorized capital stock is $400,000, divided into shares of a par value of $100 each. The total amount issued and outstanding is $242,200. No dividends were declared. Manner of payment for capital stock: Number of shares issued, 2,422; cash realized on amount issued, $242,850. There were 2,440 shares issued for their full par value. Six hundred and fifty dollars was all that was received on 18 shares, and at delinquent sale the stock was bought in by company, the $650 being put to profit and loss account. FUNDED DEBT. In 1876 bonds to the amount of $325,000 were authorized to be issued, a mortgage being given upon the road and its equipments. The amount issued was $260,000, upon which full cash value was realized. The bonds mature in 1896, and bear 8 per cent interest, payable semi-annually, in January and July. The amount of interest accruing during the eighteen months covered by this report was $31,200, which was paid. COST OF ROAD, EQUIPMENT, and PermanENT IMPROVEMENTS. INCOME ACCOUNT. (For 12 months ending December 31, 1892.) FINANCIAL OPERATIONS FOR THE TWELVE MONTHS ENDING DECEMBER 31, 1892. FINANCIAL OPERATIONS FOR THE SIX MONTHS ENDING JUNE 30, 1893. EARNINGS FROM OPERATION. (For 12 months ending December 31, 1892.) EARNINGS FROM OPERATION. (For 6 months ending June 30, 1893.) Item. $46,365 21 2,426 05 $48,791 26 $89,979 47 Actual Earnings. |