THE CUBA REVIEW 



21i 



RAILROAD AND FINANCIAL MATTERS. 



Jucaro Railway Company. 



On May 14 President Gomez signed 

 a decree extending the lease of the 

 Jucaro and Moron Railway, which is 

 government property, to the present 

 lessees. 



The lessees of the road, Messrs. Mari- 

 bona and Warren, have now incorpor- 

 ated their interests, and the extension is 

 granted to the Jucaro & San Fernando 

 Railway and Transportation Company, 

 and the extension of the lease is made 

 until 1911. 



Under the terms of the extension the 

 company is obliged to finish the con- 

 struction of the second sugar mill along 

 the line within a period of two years 

 and to pay as an indemnity to the gov- 

 ernment the sum of $5,000. 



The company is also obliged under the 

 contract to comply with the conditions 

 of the lease signed in 1907 to establish 

 a service of tugs in the Moron and Ju- 

 caro waters as a complementary service 

 of the road. 



Cuban Bonds Sold for 103. 



On May 25 the government sold to the 

 National Bank of Cuba $1,000,000 of the 

 bonds of the loan of $35,000,000 financed 

 by Speyer & Co., of New York, for the 

 payment of the army of liberation. The 

 purchase price was 103. The bonds have 

 been in the Cuban treasury since 1905. 

 It is presumed, says the New York 

 Times correspondent, that the govern- 

 ment intends to apply the proceeds to 

 the reduction of the prospective deficit 

 in the budget. 



Havana Electric Railway Earnings. 



Week ending May 2. . 

 Week ending May 16. 

 Week ending May 23. 

 Week ending ^lay 30. 



1909. 1908. 



$38,237 $34,427 



39,557 36,882 



39,140 35,580 



38,124 34,393 



From Jan. 1 1909. 1908. 



To May 23, inc $796,354 $763,321 



To Alay 30, inc 834,478 797,714 



Another Branch Bank Opened. 



The Cienfuegos branch of the National 

 Bank of Cuba was opened in its new 

 building on Alay 8. The bank building 

 is a superb structure of the Corinthian 

 type and equipped with every con- 

 venience for the present prompt and 

 effective handling of banking needs. The 

 builders were Purdy & Henderson of 

 Havana. 



United Railways of Havana Earnings. 



1909. 1908. 



Week ending May 1. £30.886 £14,839 

 W^eek ending May 15 22,117 12,425 

 Week ending May 22 18,066 12,514 



For the 45 weeks and 6 days of the 

 present fiscal year the earnings to May 1 

 were £982,995 in 1909 and £853,860 in 

 1908. 



Earnings include those of the 3*larianao 

 Railroad, but not the Regla warehouses. 



Gas and Electric Company Report. 



Of the various items contained in the 

 report of the Gas and Electric Company of 

 Havana for the year 1908, just published, 

 the following are the most important : 



Property $9,209,002.45 



Cash on hand 473,240.43 



Bills in process of collection... 199,288.29 



Securities on hand 963,031.96 



Material, lamps, meters, etc. . . 613,035.60 



The total includes various accounts, fur- 

 nishings, chattels. Municipality of Ma- 

 tanzas shares for conversion, reduced 

 bonds, and dividends, etc., which make a. 

 total of $11,912,042.08. 



The profits for the year 1908 amounted tO' 

 $629,316.65, which sum has been distributed! 

 as follows : 



9% dividend to stockholders . .$455,184.00 



Exchange 45,518.40 



Reserve fund 29,066.85 



Surplus 95,547.40 



The Cuba Railroad Company. 



The statement of earnings and expenses 

 for the month of April and ten months 

 ended April 30, compares as follows : 



1909. 1908. 



April gross .... $226,657.45 $209,758.28 

 Expenses* 121.773.29 123,436.01 



April profits 

 Charges 



$104,884.16 

 34,579.16 



^86,322.27 

 31,892.18 



April surplus . $70,305.00 $54,430.09 



Ten mos. gross. .$1,766,920.64 $1,720,385.36 



Net profits* .... 769,576.68 607,506.83 



Fixed charges . . 329,937.48 301,618.12 



Surplus $439,639.20 $305,888.71 



^Included in working expenses are the 

 following expenditures for extraordinary re- 

 placements : 



This month. To date. 



$8,000.00 $80,000.00 



