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October 31, 1959 with comparative figures for 1958

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Assets Ch

AND SUBSIDIARIES

10

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Total

and $360,000.00 on December 15, 1966.

Notes payable - short term

Current requirements of long-term debt

Accounts and insurance premiums payable, and accruals

Accrued taxes (notes 1 and 4).

Reserves for dealers and agents.

Unearned insurance premiums.

Long-term notes payable - nonsubordinated (noncurrent portion):

Subordinated debt (noncurrent portion):

42% subordinated notes - maturing $144,000.00 annually through 1965,

5% capital notes - maturing $70,000.00 annually through 1969, and

$19,235,000.00

$12,500,000.00

999,000.00

999,000.00

906,137.02

663,583.76

379,640.55

314,564.53

733,063.61

601,336.84

676,025.67

573,396.30

3,042,051.86

1,901,992.12

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$420,000.00 on June 1, 1970.

1,050,000.00

1,120,000.00

6% sinking fund capital debentures - sinking fund contributions $85,000.00 annually

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4%, maturing $400,000.00 annually through 1965

434%, maturing $300,000.00 annually through 1968

1959, 19,617 shares; 1958, 19,722 shares.

1,961,700.00

1,972,200.00

6% cumulative, 1958 series; authorized, issued, and outstanding, 5,000 shares 6% cumulative, 1956 series; authorized, issued, and outstanding, 5,000 shares Common - $5.00 par value; authorized, issued, and outstanding, 125,000 shares

500,000.00

500,000.00

500,000.00

500,000.00

625,000.00

625,000.00

Surplus:

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Earned (retained earnings) - including $250,000.00 of earnings

Total stockholders' equity.

Total noncurrent portion of subordinated debt and stockholders' equity.

See the accompanying notes to financial statements.

2,693,282.24

2,430,379.61

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Deduct:

Total income

Net operating expenses

Provision for losses

Amortization of excess of cost of a finance subsidiary's stock over
book value at date of acquisition

Total deductions

6,134,199.68

5,439,974.09

3,760,914.18

2,949,367.08

396,080.36

544,384.96

3,930.24

3,930.24

4,160,924.78

3,497,682.28

1,973,274.90

1,942,291.81

$ 551,040.63

$ 546,425.52

Remainder

Income:

Finance charges earned on discounts

Interest earned on wholesale and sundry receivables

Insurance premium income, less losses and loss expenses
Miscellaneous

1959

$3,238,567.51

183,422.00
2,595,562.69

1958
$3,280,274.64
204,362.27
1,852,808.58
102,528.60

116,647.48

70,597.00

2,043,871.90

1,942,291.81

1,227,231.27

1,171,867.01

816,640.63

770,424.80

265,600.00

223,999.28

Add deferment of development expenses excess of expenses of new direct loan offices
over income during the development period.

Net operating income before cost of borrowings and federal and state taxes on income
Deduct cost of borrowings interest, and amortization of debenture discount and expense
Net income before provision for federal and state taxes on income.
Provision for federal and state taxes on income (note 1).

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