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SCHEDULE No. 3.

Statement of approximate value of a Sinking Fund
created from the sums now in the Treasury of the United States
Government to the credit of the Central Pacific Railroad, either
in the shape of a present Sinking Fund or for account of the
five per cent Transportation Act, and all for the part payment
of the interest due to the United States on maturity of the
United States Bonds issued under Act of July 1, 1862 on the date
of July 1, 1893.

Amount due the Railroad Company December 31, 1836
as per Schedule No. 2 . . . . . . . . . . . . . . . $10,427,353.15

Amount paid or to be paid the United States for
year 1887 (estimated) . . . . . . . . . . . . . . . 572, 641.85

Total amount to credit of the Company with the
United States Government July 1, 1888 . . . . . . . $11,000,000.00

One half years interest on United States Bonded
debt . . . . . . . . . . . . . . . . . . . . . . . 855,670.40
July 1, 1888

Total amount to credit of the Company . . . . . . . $11,835,670.40

Dec. 31, 1888 six months interest at 2 per cent . . 236,713.61
. . . . . . on Debt . . . . . 835,670.40
. . . amount to credit of Company . . . . . $12,908,054.81
July 1 1889 Six months interest at 2 per cent . . $258,161.03
. . . . . . on Debt . . . . . 835,670.40
. . . amount to credit of Company . . . . . [14,001,885.69]