1
                                                                    Exhibit a-4 


                           HERITABLE FINANCE LIMITED
 
                CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                             (DOLLARS IN THOUSANDS)
 


                                                                                            FOREIGN
                                                                             RETAINED       CURRENCY
                                                               COMMON       EARNINGS/      TRANSLATION
                                                               STOCK        (DEFICIT)      ADJUSTMENT       TOTAL
                                                             ----------     ----------     ----------     ----------
                                                                                              
BALANCE AT DECEMBER 31, 1992..............................    $     16       $    990       $     --       $  1,006
Net loss..................................................          --           (285)            --           (285)
Foreign currency translation adjustment...................          --             --            (20)           (20)
                                                             ----------     ----------     ----------     ----------
BALANCE AT DECEMBER 31, 1993..............................          16            705            (20)           701
Net earnings..............................................          --          3,162             --          3,162
Dividend paid in year.....................................          --         (3,911)            --         (3,911)
Foreign currency translation adjustment...................          --             --            106            106
                                                             ----------     ----------     ----------     ----------
BALANCE AT DECEMBER 31, 1994..............................          16            (44)            86             58
Net earnings..............................................          --          4,808             --          4,808
Foreign currency translation adjustment...................          --             --            (79)           (79)
                                                             ----------     ----------     ----------     ----------
BALANCE AT DECEMBER 31, 1995..............................          16          4,764              7          4,787
Net earnings (unaudited)..................................          --         23,856             --         23,856
Foreign currency translation adjustment(unaudited)........          --             --            383            383
                                                             ----------     ----------     ----------     ----------
BALANCE AT JUNE 30, 1996 (UNAUDITED)......................    $     16       $ 28,620       $    390       $ 29,026
                                                               =======        =======        =======        =======

 
          See accompanying notes to consolidated financial statements.
 
                                       1