24 THECUBAREVIEW 



Less: 



Expenses of producing, manufacturing, selling, etc., 



of raw and refined sugars 29,5-3,594.19 



$10,821,959.69 



Deduct : 



Reserve for such income and war excess profits, 



taxes as may be finally determined $2,500,000.00 



Provisions for depreciation 762,030.24 



Discount on bonds 83,990.00 



Interest on bonds 498,420.00 



Interest on bills payable, current accounts, etc 83,520.51 



■ 3,927,960.75 



Net profit for the year $6,893,998.94 



CONSOLIDATED SURPLUS ACCOUNT, 



For the Year Ended September 30, 1917. 



As at October 1, 1917 $9,559,055.03 



Add: , , . , . 



♦Collateral trust bonds cancelled through the smkmg 



fund (see below) $538,000.00 



Profit for the year ended September 30, 1917, per 



annexed account 6,893,998.94 



Premium received on sale of 100 shares of common 



stock 8,185.50 ^ aa^, ^oa aa 



7,440,184.44 



$16,999,239.47 



Deduct : 

 Dividends on 7 per cent. Preferred 



Stock: 

 Paid January 2, 1917, for three months to 



January 1, 1917—1^^4% $138,141.50 



Paid April 2, 1917, for three months to 



April 1, 1917—13/4% 138,141.50 



Paid July 2, 1917, for three months to 



July 1, 1917— 1M% 138,141.50 



Paid October 1, 1917, for three months 



to October 1, 1917— 1%% 138,141.50 



♦5oz,5oo.t'0 



Dividends on Common Stock: 



Paid January 2, 1917, for three months 



to January 1, 1917— 2J^'% $249,727.50 



Paid April 2, 1917, for three months to 

 April 1, 1917—23/^% 249,735.00 



Paid July 2, 1917, for three months to 



July 1,'1917— 234% 249,737.50 



Paid October 1, 1917, for three months 



to October 1, 1917— 2 1^% 249,987.50 



Paid October 1, 1917— Special dividend— 



10% 999,950.00 



^^ 1,999,137.50 



Sinking fund provisions for the cancellation of col- 

 lateral trust bonds (see above) 637,925.87 3 igg 629 37 



Surplus at September 30, 1917 $13,809,610.10 



*In October 1917, bonds of the par value of $345,000 were retired out of the Sinking 

 Fund for Redemption of Bonds, which are not included in the $538,000 shown above. 



MANATI SUGAR COMPANY ^^^^^ ^^^^j, ^f ^j^g company payable June 1, 



The Board of Directors of the Manati 1918, to holders of conmion stock of record 



Sugar Company have declared the regular upon the books of the company at [the close 



quarterly dividend of 2^% upon the com- of business May 15, 1918. 



