26 THECUBAREVIEW 



The following is the result of the operations of the Guantanamo Railroad for the years 

 ending June 30: 



Gross income 



Operating expenses and taxes . 



Depreciation 



Net earnings from operations . 

 Interest charges 



Profit $18,184.15 $21,338.48 *$29,288.88 



♦Deficit. 



The Company's properties have been maintained in good condition and all necessary 

 repairs effected. 



The rainfall for the present year up to date compares favorably with that of last year, and 

 the prospects are that the company will have all the cane the factories can handle, if the labor 



ituation does not seriously affect the cutting and handling of cane. 

 s 



BALANCE SHEET, SEPTEMBER, 30, 1917. 



ASSETS 

 Cust of Properties: 

 Real estate, cane Ixnds, buildings, e |ui])nient and other permanent investments $4,757,392.73 



Betterments charged to surplus .July 1, 1911, to .Tune 30, 1915 425,643.07 



$4,.331,749.(jti 



Advances to Guantanamo Railroad Company 788,198.23 



7,649 Shares held in the Guantanamo Railroad Company 1-00 



Current and Working Assets: 

 Growing crops carried over to 1917-1918 Season $203,807.26 



Inreritories: 



Raw Sugar on hand, 1,001 bags $11,018.06 



Molasses . 31,202.72 



Stores and supplies at cost 289,797.95 



Spare parts at cost 42,.587.71 



— 374,606.44 



Insurance unexpired, etc -oa'Ioa't^ 



Sundry accounts receivable and advances to colonos .-528,328.13 



Cash on hand and in banks (New York and Cuba) 618,535.98 



1,752,020.30 



$6,871,969.19 

 LIABILITIES. 



Capitil Stock: 



Authorized— 60,000 shares of $.50 each .«3,000,0()0.00 



Issued and outstanding— 60,000 shares of $50 each $3,000,000,00 



Current Liabilities: 



Sight drafts $75,000.00 



Accounts pavable 160,643.74 



DiWdends. . '. 75,010.00 



Unerperided Funds: 



For 1917 dead season current repairs and maintenance $45,000.00 



For depreciation and extraordinary repairs 695,342.10 



For depreciation of live stock 61,919.80 



For Replanting 214,968.95 



Balance at'june 30, 1916 $2,203,610.27 



j^dfj — Profit on operations of the fifteen months to Sept. 30, 1917, as per account 



annexed ". 565,474.33 



$2,769,084.60 

 Deduct: 



Dividends 225,000.00 



310,653.74 



1,017,230.85 



2,544,084.60 

 $6,871,969.19 



PROFIT AND LOSS ACCOUNT 

 For the Fijteen Months Ending September 30, 1917 



Gross sugar sales, less sea freight, commissions, etc $3,354,452.94 



Molasses sold 113,645.89 



Total $3,468,098.83 



Deduct- — Producing and manufacturing costs and shipping expenses, including New York and 



Guantanamo office expenses 2,801,425.38 



Profit on OJerations, before providing for depreciation of mills and equipment or for replanting 



of cane $666,673.45 



