Reserve for premiums, discounts, commissions, and contingencies-(Account No. 76)-Continued

JULY, 1927

Detailed ledger

Voucher register

Accounts receivable, miscellaneous.

W. C. Langley & Co...

Unamortized debt discount and expense..
Long-term debt, bonds..

Carolina Power & Light Co. first and re-
funding 5 per cent mortgage gold bonds,
series of 1956..

Interest accrued.

On Carolina Power & Light Co. first and
refunding mortgage gold bonds, 5 per
cent series of 1956; accrued interest from
Apr. 1 to July 20, 1927, 3 months and 19
days, at 5 per cent.

To record the sale of $775,000 principal
amount Carolina Power & Light Co. first
and refunding mortgage gold bonds, 5 per
cent series of 1956, $0.974, to W. C. Lang-
ley & Co. with accrued interest paid on
above bonds from Apr. 1 to July 20, 1927,
being 3 months and 19 days.

For reference, see New York advice
R-255, dated July 20, 1927, on file.
Interest on long term debt, bonds.
Interest accrued...

On Carolina Power & Light Co. first and
refunding mortgage gold bonds, 5 per cent
series of 1956; accrued interest from July
20 to July 31, 1927, 11 days, at 5 per cent
on $775,000.

To accrue interest on $775,000 at 5 per
cent for 11 days, being interest due on
above bonds from July 20 to 31.

For reference, see New York advice R255, dated July 20, 1927, on file.

Accounts receivable, miscellaneous..

W. C. Langley & Co..

Unamortized debt discount and expense.
Discount..

Long-term debt, bonds.

Carolina Power & Light Co. first and
refunding 5 per cent mortgage gold
bonds, series of 1950..

Interest accrued...

On Carolina Power & Light Co. first
and refunding mortgage gold bonds,
5 per cent series of 1956; accrued in-
terest from Apr. 1, to July 22, 1927,
3 months and 21 days, at 5 per cent..
To record the sale of $9,225,000
principal amount Carolina Power &
Light Co. first and refunding mort-
gage gold bonds, 5 per cent series of
1956, at $0.974, to W. C. Langley &
Co. with accrued interest paid on
above bonds from Apr. 1 to July 22,
1927, being 3 months and 21 days.

For reference, see New York advice
R-256, dated July 22, 1927, on file.
Interest on long-term debt, bonds.
Interest accrued..

On Carolina Power & Light Co. first and
refunding mortgage gold bonds, 5 per
cent series of 1956; accrued interest from
July 22 to July 31, 1927, 9 days, at 5 per
cent on $9,225,000.

To accrue interests on $9,225,000 at 5 per
cent for 9 days, being interest due on above
bonds from July 22 to 31.

For reference, see New York advice R

256, dated July 22, 1927, on file.

Oct. 25, 1926: Services-authenticating the following first and re-
funding 5 percent definitive gold bonds, series 1956, in exchange for
interim certificates and temporary bonds surrendered:
M1/16993 (16993), $1,000, at 50 cents.

D1/352 (352), $500, at 25 cents--

$8, 496. 50 88.00

8, 584. 50

Schedule of redemption funds, contra, April 6, 1926, as of March 31, 1926

To credit latter account with amount of first-mortgage 5 per cent 30-year gold bonds called for redemption in accordance with resolution adopted at meeting of executive committee at 71 Broadway, New York, February 13, 1926. minute book for resolution.

Schedule of interest accrued April 6, 1926, as of March 31, 1926

See

Schedule of treasury securities—pledged as of March 31, 1926 (ledger account No. 42)

EXHIBIT No. 13

Comparative balance sheets of Carolina Power & Light Co. from date of organization April 6, 1926, to December 31, 1928-Continued

Mr. P. A. TILLERY,

EXHIBIT No. 14

Vice president and General Manager,

ELECTRIC BOND & SHARE Co.,
New York, February 6, 1924.

Carolina Power & Light Co., Raleigh, N. C.

DEAR Mr. TILLERY: Mr. Curry's letter of February. 2 to you relative to charging to fixed capital account No. 81-organization, all expenses in connection with preferred stock sales including local commissions and bonuses, commissions paid by the New York office, and all other expenses, has come to my attention through Mr. Darbee.

The matter has been discussed with Mr. Darbee and it is agreeable that an entry be made as of January 1, 1924, transferring to fixed capital account No. 81organization, the balance which appeared in the account of prepaid commissions on sale of preferred stock as of December 31, 1923.

Both commissions paid and other expenses incident to the resale of reacquired preferred stock should be charged to operating expenses. Commissions paid for the resale of reacquired shares can readily be ascertained. Expenses other than commissions incurred in selling preferred stock should be allocated to organization and operating expenses in the ratio represented by the number of shares of new stock sold and the number of shares of reacquired stock sold as compared with the total sales.

Very truly yours,

EXHIBIT No. 15

B. H. BREWSTER, Assistant General Auditor.

To close into plant all prepaid items appearing on books as of January 31, 1924, applicable to the sale of private stock per letter B. H. B., February 6, 1924, attached.

To clear operation of all expenses in connection with sale of stock by New York office during February, see expense ledger for detail. See correction on journal voucher No. 9419.