THECUBAREVIEW 23 



businesses and future prospects, the directors believe that such a consolidation will result it 

 many advantages, simplifying matters of finance, producing large economies in managemen 

 and operation and removing various difficulties occasioned by a joint ownership of properties 

 and tlic joint use of properties separately owned. 



Comparaltre General Balance Sheet. Seplevilier 30, 1917 (nid lOKi 



1917 1910 Increase 



Tropical lands $3,788,020.40 $4,396,000.00 *$007,985.60 



Tropical Equipment: 



Buildings $75(),348.17 .S7.S.J,.-)10.32 *$29, 1(18. 1.5 



Cultivations 1,430,999.18 1,321, .578.93 11.5,420.2.") 



Tools and machinery 230,438.01 231,479.30 4,958.71 



Railways 1,918,001.78 1,070,945.83 241,055.95 



Tramways 13,286.27 13,286.27 



Telephones 5,272.44 9,875.05 *4,002.61 



Boats 9,853.91 13,255.40 *3,401.55 



Wharves 128,909,07 02,227.72 0(;,081.95 



Sugar mill 1,809,980.80 1,400,000.00 409,980.80 



Total $0,375,690.23 .?5,500,878.61 $874,811.62 



Merchandise 347,828.42 200,880.68 140,941.74 



Material 538,402.23 180,888.24 351,573.99 



Live stock 317,160.00 7,579,140.88 207,517.00 0.096, 170..53 109,043.00 1,482,970.35 



Domestic land & equip 8.53,900.60 193,907.58 0.59,999.02 



Investments 141,088.50 100,.500.00 *24,811..50 



United Fruit Company 11,040.75 *1I,040.75 



Current Assets: 



Cash $821,410.87 .$2,125,021.97 *$1,303,011.10 



Accounts receivable 245,518.57 494,0.35.40 *248,510.89 



Sugar and molasses stock, . 378,992.08 1,44.5,921.52 445,152.03 3,004,210.06 *0G,100.55 *1,618.288.54 



Coupon, dividend & trustee accounts .. . 1,737.00 1,581.00 150.00 



Advance payments ., 15,965.71 7,397.29 8,568.42 



$13,826,380.01 $13,936,819.21 *$1 10,438.00 



LIABILITIES: 

 Capital Stock: 



Common $4,.502,500.00 $4,490,400.00 $12,100.00 



Preferred $4,502,500.00 12,100.00 $4, .502,-500.00 *12, 100.00 



Funded Debt: 

 First mortgage o% sinking 

 fund gold bonds, due 



May 1, 1925 $3,.500,000.00 .$3,500,00.00 



Ten year Cc gold deben- 

 tures due .lune 1, 1917 3,.500,000.00 2,700,00.00 6,266,00.00 *2, 766,000.00 *2, 766,000.00 



Unclaimed dividends, un- 

 paid coupons, and ma- 

 tured debentures, not yet 



presented for payment 29,377.00 3,141.00 26,236.00 



United Fruit Company 2,190,844.43 2,190,844.43 



Current Liabilities: 



Accounts payable $101,004.06 $181,689.74 *.$20,085.0S 



Notes payable 450,000.00 *450,000.00 



Drafts 175,005..39 64,316.45 110,688.94 



Dividends payable 90,0,50.00 420,000.05 90,110.50 780,110.09 *60..50 *359,456.04 



Interest accrued (not due) 72,916.60 128,230.06 *55,320.00 



Surplus: 



Tax reserve $221,438.01 $41,762.52 $179,676.09 



Profit and loss 2,870,(>43.8G 3,098,082.47 2,209,062.34 2,250,824.80 007,,581..52 847,257.61 



$13,826,380.61 $13,930,819.21 *$1 10,438.00 



*Decrease. 



Comparative Consolidated Statement oj Incovxe jor the Fiscal Years Ended 

 September 30, 1917 and 1916 



1917 1910 



12 months 15 months Increase 



Net earmngs from the sale of sugar $1,897,008.83 $2,729,983.78 *$832,374.95 



Miscellaneous income 200,370.04 40,742.40 225,033.04 



Total income 



Less: Interest charges 



Balance income 



Less: Taxes paid and accrued 



Balance net income 



Di\'idends declared 



Balance for fiscal year 



Balance at close of previous year 



Total 



Less: Direct charges to profit and loss. 



Balance at credit of profit and loss $2,876,643.86 $2,209,062.34 $667,581.52 



♦Decrease. fSubject to a final interpretation of the War Revenu!> .Act. 



