Excerpt from Amendment to Code of Fair Competition for Investment Bankers: As Approved on March 23, 1934 by President Roosevelt If any such consolidated statements exclude any subsidiary, (1) the caption shall indicate the degree of consolidation; (2) the Income Statement shall show, either in a footnote or otherwise, the issuer's proportion of the difference between current earnings or losses and the dividends Of such unconsolidated subsidiary for the period ac counted for in such Income Statement; and (3) the Balance Sheet shall Show, in a footnote or otherwise, the extent to which the equity of the issuer in such subsidiary has been increased or diminished Since the date Of acquisition as a result Of profits, losses, and distributions. Such statements shall show the existence of any default in interest or in sinking fund or amortization payments and any arrears of any cumulative dividends of the issuer or of any subsidiary whether con solidated or unconsolidated. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.