content_image/123432.jpg content_image/123428.jpg content_image/123429.jpg
## 9. Short-Term Borrowings and Long-Term Debt 

Short-term borrowings at March 31, 2003 and 2004 consisted of the following: 

<img src='content_image/123432.jpg'>

Long-term debt at March 31, 2003 and 2004 consisted of the following: 

<img src='content_image/123428.jpg'>

Assets pledged as collateral for short-term borrowings and long-term debt at March 31, 2003 and 2004 are principally presented below: 

<img src='content_image/123429.jpg'>

