THE CUBA REVIEW. 



19 



RAILROADS AND FINANCIAL. 



Report of the Cuba Company — Earnings of the United Railways of Havana, the 



Havana Electric Co., Etc. 



Banco de La Havana. 



Cuba Railroad. 



The report of the Cuba Railroad Com- 

 pany for the month of November and 

 five months ended November 30, 1908, 

 compares as follows: 



1908 1907 1906 



Nov. gross. .. $ii7,2C9 $142,034 $120,179 

 Expenses . .. 83-733 101.289 94,76? 



Nov. net 

 Charges. .. 



$33,476 $40,745 

 32,496 28,329 



$25,412 

 25,976 



Nov. surplus 980 12,416 *564 



Five mos. gross 673,261 719,608 642,036 

 Expenses .... 424,832 519,281 621,427 



Five mos. net $248,429 $200,327 $120,609 

 Charges 161,771 141,646 127,626 



Five mos. sur. 

 * Debit. 



.$86,658 $58,681 *$7,0J7 



United Railways of Havana Earnings. 



The earnings of the United Railways 

 of Havana and Regla Warehouses, Ltd., 

 during the week ending Dec. 5th were 

 £15,076, an increase of £2,144 as com- 

 pared with the same week last year, 

 which was £.12,932. 



Up to the week ending the 5th the 

 earnings of the United Railways were 

 £283,546, a decrease of £9,066. 



The earnings of the United Railways 

 of Havana and Regla Warehouses, Ltd., 

 in the week ending the 19th inst. were 

 £18,600, or £2,102 more than in the 

 same week of last year. 



To the week ending December 19th 

 the United Railways collected £318,605, 

 or £4,543 decrease. 



Havana Electric R. R. Co. Earnings. 



In the week ending Dec. 6th the earn- 

 ings of the Havana Electric R. R. Co. 

 were $38,951.45 U. S. currency, or $3,- 

 861.45 more than during the same week 

 last year, which was $35,090. 



To the same date the earnings have 

 been $1,758,395 U. S. currency, an in- 

 crease of $100,391 U. S. currency. 



In the week ending Dec. 20th, the Ha- 

 vana Electric R. R. Co. earnings were 

 $36,918.10, or $2,062.14 U. S. currency 

 more than in the same week last year, 

 which was $34,535-70 U. S. currency. 



To the same date the Havana Electric 

 R. R. Co. earned $1,794,082 U. S. cur- 

 rency, an increase of $101,797 U. S. cur- 

 rency over last year. 



A survey is under way for a branch 

 of the Western Railways to Bahia 

 Honda. 



A special meeting of the stockholders 

 of the Banco de la Habana will be held 

 at the head office of the Bank, 76 Cuba 

 Street, Havana, Cuba, the fifteenth day 

 of January, 1909, for the purpose of con- 

 sidering the advisability of the liquida- 

 tion of the assets of the Banco de la 

 Habana or merger with another bank. 



Stockholders, having bearer shares, re- 

 siding in the Island of Cuba, are notified 

 that they must deposit the certificates at 

 lease three days prior to the meeting 

 at the office of the bank or with its cor- 

 respondents in the Island, and those 

 holding similar shares abroad must de- 

 posit the certificates at least eight days 

 prior to the meeting at the following 

 agencies: In Paris, with the Banque 

 Francaise pour le Commerce et ITndus- 

 trie; in London, with the London Bank 

 of Mexico and South America, Ltd., and 

 in New York with the National City 

 Bank of New York. 



Exterior view of parlor cars of the Havana 

 Electric Railway, which have been placed in 

 commission by the company. These cars are 

 for the public service and may be hired out by 

 private parties for theater parties and excursions 

 through the city on the streets and avenues tra- 

 versed by the company. The cars have been 

 constructed at the shops of the company at 

 Chorrera, majagua wood being employed wher- 

 ever possible. 



Restores Salaries. 



Beginning Jan. 1. the United Railways 

 of Havana will restore the old scale of 

 wages which were paid prior to the 10 

 per cent, reduction on March 26. The 

 improvement in the business outlook 

 warrants the higher salaries. 



On December 18 the directors of the 

 National Bank of Cuba declared the 

 regular semi-annual dividend of 4%, 

 payable to stock of record December 31. 



Mr. Sherwood F. Yawger, who has 

 been in charge of the Matanzas branch 

 of the National Bank of Cuba from its 

 establishment in that city, has been 

 transferred to Havana. 



