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Jointly used but not owned, owned by-Continued.

4, 678. 20

Atlanta Terminal Company, passenger station and 0.50 mile of
track at Atlanta, Ga.; contract effective until June 1, 1953.
Stated par value of securities: Stock, $150,000; bonds, $1,-
500,000. Interest at 4 per cent per annum accrues as rental,
on par value of above securities. All expenses and rental are
paid by user companies and are apportioned on basis of the
number of each company's cars handled on the property.--- $54, 818. 05
Georgia Railroad, track and right of way at Atlanta, Ga. Track
used under contract effective until Jan. 1, 1977, and thereafter
until 2 years' notice. Flat rate of $200 per month. Right
of way rental at flat rate consisting of interest at 5 per cent
per annum on a stated valuation of $95,946.15_____
Augusta Union Station Company, passenger station at Augusta,
Ga.; contract effective until Aug. 1, 1953. Interest accrued as
rental, at 4 per cent per annum on $225,000 par value of bonds.
All expenses and rental paid by user companies, apportioned
on basis of the number of each company's cars handled on the
property...
Augusta and Summerville Railroad Company, terminal tracks,
0.49 mile, at Augusta, Ga.; user companies own, in equal pro-
portions, all the outstanding capital stock of the Augusta and
Summerville Railroad Company. The Southern pays one-
fourth the cost of maintenance, operation, taxes, and insurance_
The Alabama, Great Southern Railroad Company-

Station at Attalla, Ala.; contract effective until 6 months'
notice is given. Interest accrued as rental, at 5 per cent
per annum on a stated valuation of $238,406.74 and paid
by the user companies. Apportioned on the basis of the
number of each company's cars handled on the property.
Costs of maintenance, operation, taxes, and insurance are
paid by the user companies and apportioned on basis of
each company's tonnage handled.

Yard and track at Attalla, Ala., 3.44 miles, costs of mainten-
ance, operation, taxes, and insurance paid by user com-
panies and apportioned on basis of the number of each
company's cars handled on the property. Southern
charged to income account for both of above items_____
Station and tracks at Bessemer, Ala.; contract, effective un-
til after 6 months' notice, costs of maintenance, opera-
tion, taxes, and insurance are paid by the user companies
and apportioned, in regard to the station, on the basis
of tonnage handled for each company, and, in regard to
the tracks, on the basis of each company's cars using the
property. Contract also covers the Southern's facilities
used by the Alabama Great Southern Railroad Company.
The stated valuation for facilities owned by the Southern
exceeds stated valuations of facilities owned by Alabama
Great Southern Railroad Company by $6,079.

6, 142. 84

561. 37

581. 28

Jointly used but not owned, owned by-Continued.

The Alabama Great Southern Railroad Company-Continued:

Tracks, 27.16 miles, York, Ala., to Meridian, Miss., and
station at York, Ala., used under contract effective until
Apr. 3, 1994.

For track, 5 per cent per annum accrued as rental
on a stated valuation of $324,360. The Southern's
proportion of rental to be not less than one-third.
All expenses and rental paid by user companies, ap-
portioned on basis of wheelage made by each com-
pany on the tracks____

For station rental $13.75 per month. Cost of mainte-
nance and operation paid by user companies, appor-
tioned on basis of tonnage handled for each com-
pany-

Facilities at Chattanooga, Tenn., including property of
Belt Line Railway of Chattanooga, of the Chattanooga
Terminal Railway and the river track and river incline
track of the Chattanooga Southern Railroad Company.
Contract effective until after 6 months' notice is given.
The expenses to The Alabama Great Southern Railroad
Company of its leases of these properties, plus 5 per cent
per annum of the cost to it of the Belt Line Railway of
Chattanooga capital stock, and including interest on valu-
ation of additions and betterments are participated in by
the user companies. The total of expenses and rental
are paid by the user companies on proportions based on
past experience as to service performed; percentages
revisable every third year. Until June 30, 1918, the
Southern bears 42.57 per cent. The expenses to the
Alabama Great Southern Railroad Company include 5
per cent on $300,000 par value of first-mortgage bonds, 4
per cent on $24,000 par value of second-mortgage bonds,
and interest on a note of $12,238.18 par value. It pays
$2,256 per annum for lease of the Chattanooga Terminal
Railway Company property and $921.16 per annum for
the river track and river incline track_
Birmingham Terminal Company, passenger station at Birming-
ham, Ala.; contract effective until Mar. 1, 1957. Interest
accrued as rental, at 4 per cent per annum on $150,000 par
value of stocks and $2,000,000 par value of bonds. All
expenses and rental paid by user companies. Apportioned
on basis of the number of cars of each company handled
on the property--
Woodstock and Blocton Railroad Company, tracks at Blocton,
Ala. The user companies own all of the capital stock of
Woodstock and Blocton Railroad Company. Interest accrued
as rental at 5 per cent per annum on a stated valuation of
$20,000. All expenses and rental are paid by the user com-
panies and are apportioned on basis of the number of cars of
each company handled over the tracks_-_-

$9, 517. 17

165.00

20, 006. 38

25, 736. 43

306. 93

4,687. 62

Jointly used but not owned, owned by-Continued. Chicago, Burlington & Quincy Railroad Company, station and yard, at Centralia, Ill., including 1.80 miles of track, contract effective until Oct. 1, 2000. Stated valuation $201,301.04. Interest accrued as rental at 4 per cent per annum on above stated valuation. All expenses and rental paid by the user companies and apportioned on basis of the number of engines and cars of each company handled on the property. $4, 155. 28 Charleston Union Station Company, passenger station at Charleston, S. C.; contract effective until Jan. 1, 1937. Interest accrued as rental at 4 per cent per annum on $250,000 par value of bonds. All expenses and rental are paid by user companies and apportioned on basis of the number of cars of each company handled on the property. Chattanooga Station Company, passenger station and 0.87 mile of track at Chattanooga, Tenn.; contract effective until Jan. 1, 1957. Interest accrues as rental at 4 per cent per annum on par value of securities; capital stock $100,000 and bonds $1,000,000. All expenses and rental are paid by the user companies and apportioned on basis of the number of cars of each company handled on the propertyNashville, Chattanooga and St. Louis Railway CompanyTracks from Chattanooga, Tenn., to Stevenson, Ala., 38 miles. Contract effective until after 2 years' notice is given. Rental $5,000 per month. The Nashville, Chattanooga and St. Louis Railway Company receives two-thirds of the revenue from local passenger traffic handled by the Southern___

Passenger station and 0.20 mile of track, at Dalton, Ga.; the rental for the station is $20 per month. The Southern pays half the cost of maintenance. The rental for the track is a flat rate of $250 per month.........Columbia Union Station Company, passenger station at Columbia, S. C.; contract effective until Feb. 1, 1952. Interest accrued as rental at 4 per cent per annum on $100,000 par value of capital stock. All expenses and rental paid by user companies and apportioned on basis of number of each company's cars handled on the property.

Durham Union Station Company, passenger station at Durham, N. C.; contract effective until May 1, 1955. Interest accrued as rental, at 5 per cent per annum on stock $33,300 par value and bonds $60,000 par value. All expenses and rental paid by user companies, apportioned on basis of the number of each company's cars handled on the property---Chicago and Eastern Illinois Railroad Company, passenger station at Evansville, Ind.; contract effective until Aug. 31, 1916. Interest accrued as rental at 5 per cent per annum on a stated valuation of $199,600. Southern pays as maintenance 2.5 per cent of agreed valuations of $10,000 for track work, $86,000 for station and appurtenances, and $23,000 for train shed. All other expenses and rental are paid by the user companies on basis of the number of each company's trains handled on the property--

27,054. 33

46, 599. 20

3, 000. 00

5, 455. 75

5, 486. 94

3, 598. 32

Jointly used but not owned, owned by-Continued.

Chicago, Indianapolis and Louisville Railroad Company,
freight and passenger station, including 1 mile of track from
French Lick to West Baden, Ind.; contract effective until Dec.
1, 1917, and thereafter until after 2 years' notice has been
given. Interest accrued as rental at 5 per cent per annum on a
stated valuation of $116,051.43. Cost of maintenance and
operation is paid by the user companies on the basis of the
number of each company's engines and cars handled on the
property. The Southern pays half the taxes and insurance and
half the accrual of interest as rental..
Goldsboro Union Station Company, passenger station at Golds-
boro, N. C.; contract effective until Aug. 1, 1933. Interest ac-
crued as rental at 4 per cent per annum on capital stock and 4.5
per cent on bonds of $84,000 par value. Cost of maintenance
and operation is added to the rental and all paid by the user
companies, which is apportioned on basis of the number of each
company's cars handled on the property.

----

The Baltimore and Ohio Railroad Company, passenger station at
Harrisonburg, Va., including 0.50 mile of track; contract effec-
tive, until Oct. 1, 1934, and thereafter until 1 year's notice has
been given. Interest accrued as rental at 5 per cent per
annum on a stated valuation of $27,170. All expenses and
rental are paid by the user companies on basis of the number
of each company's trains handled on the property - - - - - .
Jacksonville Terminal Company, passenger station at Jackson-
ville, Fla., including 1.47 miles of track; contract effective
until July 1, 1939. Interest accrued as rental at 5 per cent
per annum on $500,000 par value of bonds and at 6 per cent
on $128,102.27 par value of notes. The Southern pays one-
eighth of the accrual of interest as rental, also one-eighth of
$6,631.68, representing amount paid by the Jacksonville Ter-
minal Company for rent of land. All other expenses are paid
by the user companies and apportioned on basis of the number
of each company's cars handled on the property----
St. Johns River Terminal Company, freight station and yard at
Jacksonville, Fla., including 5.99 miles of track. No formal
contract. Interest accrued as rental at 4 per cent per annum
on $1,142,000 par value of bonds. All expenses and rental
paid by user companies and apportioned on basis of the num-
ber of each company's cars handled on the property..
Macon, Dublin and Savannah Railroad Company, passenger sta-
tion and 0.18 mile of track at Macon, Ga.; contract effective
until after 90 days' notice is given. Flat rate of $150 per
month, with $25 per month to be added for each additional
regular train over the number at date of contract____
New Orleans, Mobile and Chicago Railroad Company, station
and tracks at Middleton, Tenn.; contract effective until after
4 months' notice is given. Flat rate of $100 per month...
Alabama, Tennessee and Northern Railroad Company, freight
and passenger station at Mobile, Ala. No formal contract.
Flat rate of $416.67 per month..

$3,900. 73

1, 377. 01

789. 52

8, 166. 86

13, 265. 73

1, 230. 30

780.00

3, 249. 96

In addition to the above, the Southern uses certain minor facilities that were maintained and operated by other carriers.

GENERAL BALANCE SHEET STATEMENT

The general balance sheet statement of the Southern, as of date of valuation, follows:

Investments:

ASSETS

Investment in road and equipment.---.

Improvements on leased railway property-
Miscellaneous physical property.

Investments in stocks..

Investments in bonds...

Investments in notes..

Investments in advances...

Total....

Current assets:

Cash.....

Time drafts and deposits..

Special deposits..

Loans and bills receivable___.

Traffic and car-service balances receivable_____.

Net balance receivable from agents and conductors...

Miscellaneous accounts receivable..

Materials and supplies---

Interest and dividends receivable..
Other current assets___.

Total.....

Deferred assets:

Working-fund advances...

Insurance and other funds.........
Other deferred assets__

Total...

Unadjusted debits:

Rents and insurance premiums paid in advance--

Discount on refunded debt..

Other unadjusted debits_

Total___

Grand total..

Stock, capital stock...

Less stock held in treasury.

$387, 922, 214. 97 7,899, 209. 06

524, 304. 70 28, 431, 998. 07 33, 190, 839. 07 2, 301, 482.99 7,684, 203. 94

467, 954, 252. 80

7, 127, 172. 20 1,906, 448. 05 3, 028, 298. 45

570, 260. 54 1,273, 635. 41 150, 990. 12 3,698, 013. 69 6, 813, 172. 27 667, 411. 94 276, 625. 18

25, 512, 027. 85

400, 328. 83 1, 133, 469. 42 183, 992. 19

1, 717, 790. 44

13, 243. 96 120, 655. 96 2,758, 939. 19

2,892, 839. 11

498, 076, 910. 20

LIABILITIES

185, 670, 200. 00 20, 000. 00

185, 650, 200. 00

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