Norwich bulletin., 1919-06-14
SHOWS FINANCIAL. STATUS
 OF GROToN IRON WORKS

Total assets of s1S,969,957.76 and to- tai liabilities, of ss1S,953, ,1s5.25 of the Groton Iron Works, a corporation with $1, ,45e, 900 of capital stock, are shown in a balance sheet which has been filed with the clerk of the superior court here. dated March 20. 1919. the time when the company went into re- ceivers' hands. The nominal excess of book assets over book liabilities is $16,792.51.
 Total current assets were $1,952,- 401.16 and total current liabilities s2,- 995 858,23, with cash on hand and in banks of s1S2,714.31.
 The company has shipwork in pro- gress that totals s9.425. .30266
 The statement shows the details for the Noank and Groton plants of the company separately as follows: Assets. Fixed assets-real estate, machin- cry. autos. boats. furniture and fix tures-Noank, s1,359. 9.076.76; Groton, $3.756,054,21; total. $5.115, 5,1So.s7. Securities owned-Groton Park Real Estate Co.-stock par value, Groton, s10,000 total s16,000". ries-Miseellaneous material 1 iron and steel lumber. plates and shapes. general and ship stores, mis- eellaneous work in process, x oank s515, ,702.16; Groton, $1.514, ,222.S9; total 1 s2029,92455.
 Current Assets-Cash imprest ful,e l held in the name of the U $. ship ping board for disbursement en ac- l count of authorized vouchers for sjair construction purposes only-Tentract
 225 S. C., Groton, s1,o26.4s0; total, s1,- 1 O26, ,49A
 Cash in banks and on hand. Noanl
 $1274.9S; Groton, s1s1.439.SS tota s1S2, 2,71431**.
 Accounts receivable. Noank. s36, 505,s7,; sGroton. s2o5,97S.21; total, s240,
 4s4.1s
 Steamship Operating Company. No
 ani. s105, ,607.37; total. s105. 5.607.37.
 Groton Park Real Estate Co.-Ex penditures for construction purposes Groton, $320, ,949.90: total S320949 90 Groton Park Real Estate Co.-Cur rent account, Groton, $4.945.17; total $4.945.17.
 Accounts payable debits for ad vances on material purchases, Grotor s71,220.a3: total s71.220.23. Total current assets. Noank, S143, SsS.S2; Groton. s1,S0a. .012.S4; total, s1,
 952,4o116.
 I Ship work in progress-vesscl con
 struction-Noank, s2,32S, 6oS.2o tota
 s2.323, ,6oS20. Vessel construction
 Contract 57 s, C.. Groton, $7011, 5s6.22 total $Z011, ,5S6.22. Vessel construc tion-Contract 4225 S, C., Grotor sso, ,10s.24; total, s9o,1os.24; total shi work. Noank, $2,s2s, s,eoS,2o; Grotor
 7,101, ,6s4.46: total ,425,90266 l Deferred harges-Insurance unex
 pired. freight unapplied discount pal in advance. stationery and printins ! Noank. $2.25279 ;Groton, s17,641S5
 total, s19,s94.64. I U. S. shipping board emergency flee corp. claims-on construction accoun materials, etc, carriage. Noank, S214 325.27; total, s214.325.27
 Claims against U. S. S. Board No / ank, $27,66S,66; Groton, s72,SS1.55; to 3 tai, s1O0,550.21 (approved) see contr; ' Grand total assets, s1S.969.95L7s. Il Liabilities.
 ! Capital stock-Authorized 1896 shares, par s1o9, less unissted, 5C
 shares. issued 14,5eo shares; total, s1 4oe, ,ooO
 Il Mortgages paya'ble-U. S. Shippin Board Emergency Fleet corporatio No. 1, Groton. s91s,666.67; total. s916 :, 666.e7.
 II U. $. Shipping Board Emergene j. Fleet corporation. No. 2, Groton, $500 l. 000; total, SSo0,e00.
 Miscellaneous mortgages on Ian , etc, Noank. t107.327.50; Groton. s37