THECUBAREVIEW 23 



The term for Avhicli these bonds were issued expires April 1, 191 8. The purpose of the board 

 J3 to retire an additional amount of these bonds with cash and refund the remainder on satis- 

 factory terms. 



The outlook for the ensuing campaign is distinctly promising, the factories l)eing in a 

 state of increased strength and efficiency. The estimated cane supply and output of sugar 

 should equal or surpass the recoid crop of the past year. 



THE CUBAN-AMERICAX SUGAR CO. AND ITS SUBSIDIARY COMPANIES. 

 Consolidated Balance Sheet, September 30, 1917. 

 Capital Assets: ASSETS. 



Lands SS,8o7,719.51 



Buildings, machinery, railroad tracks, rolling stock, etc . 18,962,939.00 



S27,820,659.11 



Good\\dll 3,929,340.28 



Work animals, live stock and equipment 1,052,746.35 



Current Assets and Grouinj Cane: 



Planted and growing cane $1,735,900.09 



Advances to Colonos and contractors (after deducting 



reserve for bad and doubtful accounts) . 1,614,800.02 



Inventory of raw materials, supplies and merchandise 



in stores 3,618,324.78 



Stock of raw and refined sugar 1,431,146.93 



Accounts and bills receivable (after d:ducting reserve 



for bad and doubtful accounts) 2,656,319.63 



Cash in banks, with fiscal agents and on hand 7,398,438.49 



18,454,929.94 



Deferred Charges to Operations: 



Unexpired insurance, taxes, etc 190,446.18 



$51,448,121.86 

 Capital Stock: LIABILITIES. 



Common (authorized S10,000,000) 99,995 shares of 



$100 each , . . $9,999,500.00 



Seven per cent, cunuilative preferred stock (authorized 



$10,000,000} 78,938 shares of $100 each 7,893,800.00 



$17,893,300.00 



Collateral trust bonds outstanding, six per cent., due April 



1, 1918 8,211,000.00 



Real estate mortgages and censos (Cuban) 466,195.49 



Current Liabilities: 



Bills payable .$53,196.19 



Banker.s' loans 721,815.63 



Accounts payable 1,479,980.28 



Salaries and wag s accrued 65,619.54 



Interest accrued 260,589.28 



Dividends declared, payable October 1, 1917 1,388,079.00 



3,969,279.92 



Reserve for such income and war excess profits taxes as may be finally 



determined 2,500,000.00 



Sinking fund for redemption of bonds 347,020.38 



■Reserve for depreciation 4,251,715.97 



Surplus, per annexed statement ... ............ 13,809,610.10 



$51,448,121.86 



CONSOLIDATED PROFIT AND LOSS ACCOUNT, 



For the Year Ended September ZQ, 1917. 



Raw^ and refined sugars produced, less commissions, etc $38,653,479.05 



Molasses produced 714,303.58 



Interest received 208,849.86 



Profit on stores, cattle, etc 768,921.39 



$40,345,553.88 



