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EXHIBIT 1

Comparative balance sheet of General Gas & Electric Corporation as of Dec. 31, 1925 to 1931 and as of June 30, 1932

Notes payable.

Matured interest, unpaid..
Total current liabilities.

Accrued liabilities:

Interest, funded debt. Taxes---

Summary of investments of General Gas & Electric Corporation in common stocks as of Dec. 31, 1925 to 1931, inclusive, and as of June 30, 1932,

Summary of investments of General Gas & Electric Corporation in common stocks as of Dec. 31, 1925 to 1931, inclusive, and as of June 30,

1932-Continued

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Summary of investment of General Gas & Electric Corporation in bonds and notes as of Dec. 31, 1925 to 1930, inclusive

Associated Electric Co., 4-percent gold bonds, 1953.
Associated Gas & Electric Co.:

6-percent consolidated debenture bonds, 1929..
5-percent bonds, 1968.

Bangor & Nazareth Transit Co., 6-percent bonds.
Broad River Power Co.:

96,800 129, 100 3,087, 000

327,980.00

98, 926. 50 134, 550. 50 2,781, 701. 65