Ford Assets

Henry Ford was in England, dining with Lloyd George and Sir Harry E. Brittain,-* giving away a Ford car here, a Fordson tractor there, visiting farms and factories, stating that he regarded Great Britain as the centre of the Old World. Mrs. Ford was with him.

Left alone in the U. S. was the third stockholder of the Ford Motor Co., President Edsel Ford; reporters could not reach him to ask explanatory questions about the company's annual financial statement published last fortnight, as law requires, in Boston.

The statement:

ASSETS

1927 1926 Real estate . . . . . . . . . . . . . . . . . .$156,579,172 $143,293,982 Mach. equip., etc . . . . . . . . . . . . . . 144,821,593 137,615,082 Inventory . . . . . . . . . . . . . . . . . . . . . 72,177,674 88,074,988 Cash, etc. . . . . . . . . . . . . . . . . . . . . 367,616,872 413,709,361 Deferred charges. . . . . . . . . . . . . .860,790 1,514,667 Total. . . . . . . . . . . . . .. . . . . . . . . . . .$742,056,101 $784,208,080

LIABILITIES

1927 1926 Capital stock. . . . . . . . . . . . . . . . .$17,264,500 $ 17,264,500 Mortgage. . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . .145,000 Accounts payable . . . . . . . .. . . . . . 56,198,509 50,294,734 Reserves . . . . . . .. . . . . . . . . . . . . .13,742,031 18,866,058 P. & L.surplus. . . . . . .. . . . . . 654,851,161 697,637,788 Total. . . . . . .. . . . . . . . . . . . . . . . . . . $742,056,101 $784,208,080

* Vice president of the English Speaking Union, ctive member of the Pilgrims' Club.

] Includes notes and accounts receivable, securities, patent rights, etc.