THE CUBA REVIEW 



CUBAN GOVERNMENT MATTERS 



CUBAN PORTS COMPANY SETTLEMENT 



A decree authorizing tlie exchange of 

 bonds of the Cuban Ports Company for 

 Cuban Treasury Ijonds has been presented to 

 President Menocal by Secretary of the Treas- 

 ury Cancio and has received t.he presidential 

 sanction. At a meeting of bondholders held 

 in Havana October last, at which $3,400,000 of 

 bonds were represented, exclusive of bonds 

 held in Cuba, an ofTer was made and accepted 

 by the trustees, the Trust Company of Cuba, 

 and was duly confirmed and legally executed. 



The offer was to the effect that bondholders 

 should receive in luD and final settlement of 

 their claims, and in exchange for the bonds of 

 t.he Cuban Ports Company, the same amount 

 of Culaan Goverimient Five per Cent. In- 

 ternal bonds secm-ed on 50% of the Harbour 

 Improvement dues, while t.he ^ockholders 

 are left in possession of t}ie company's assets, 

 consisting of valualjle land at Havana Har- 

 bour. The .harbour dues in question will be 

 applied to interest and amortization charges 

 on the bonds, and are estimated to be suf- 



ficient to redeem the entire issue within fifteen 

 or sixteen years. The ordinary Internal 

 bonds of the Cuban Government are quoted 

 in Havana at 91-95, or the equivalent of 

 about 95-99 in London at the current rate of 

 exchange. 



APPROPRIATION FOR TRADE-MARK BUREAU 



Piesident Menocal has requested the 

 Cuban Congiess to appropriate the sum of 

 $10,000, to be contriljuted by Cuba to the 

 initial expense of t}ie International Trade- 

 Mark Registration Bureau. The opening of 

 this Bureau was decreed by President Menocal 

 on December 6, 1917, and Dr. Mario Diaz 

 Irizar was appointed Director of the Bureau. 



SANTIAGO DE CUBA 



The lower house of the Cuban Congiess 

 has passed a bill appropriatme: $2,500,000 

 for the sewering and water works of tue City 

 of Santiago de Cuba. The bill proviaes for 

 $500,000 available annually for five years. 



Central Park, Cardenas. 



