26 



THE CUBA REVIEW 



PROFIT AND LOSS ACCOUNT— SEPTEMBER 30, 1917 



Operating Profit for year ended September 30, 1917 $11,095,531.35 



Less: 



Interest and Exchange $244,042.97 



Reserve for Taxes, etc. (including Income and War Ex- 

 cess Profits Taxes) 1,286,471.00 



Reserve for Depreciation 1,750,000.00 



Reserve for Doubtful Accounts, and Accounts written off 500,000.00 



3,780,513.97 



Balance being Net Profit for the year carried to Surplus Account $7,31 5.017.386 



Surplus Account — September 30, 1917. 



Balance at October 1, 1916 $9,851,507.32 



Add: 



Net Profits for the year, per Profit and Loss Account 7,315,017.38 



$17,166,524.70 



Deduct : 



Dividends on Cumulative Convertible Preferred Stock, payable: 



No. 4, January 1, 1917 1875,000.00 



No. 5, April 1, 1917 875,000.00 



No. 6, July 1, 1917 875,000.00 



No. 7, October 1, 1917 875,000.00 



3,500,000.00 



Balance, September 30, 1917 $13,666,524.70 



HAVANA ELECTRIC RY., LIGHT & POWER CO. 



A semi-annual dividend of $3 per share 

 on the preferred stock, and a dividend of $3 

 per share on the common stock, wall be paid 

 on May 15, 1918, to stockholders of record 

 at the close of business on April 25. 1918. 



THE MANATI SUGAR COMPANY 



To the Holders oj First Mortgage Six per Cent 

 FifteetiYear Gold Bonds of The Manhattan 

 Sugar Company: 



Notice is hereby given that the undersigned 

 Trustee under the First Mortgage of the 

 Manati Sugar Company, dated May 1, 1914, 

 and the Supplemental and Amendatory 

 Mortgage, dated July 1, 1916, given to 

 secure the above-described bonds, desires 

 pursuant to the terms of said mortgage, to 

 expend $400,986.05 in the purchase of bonds 

 of said issue, provided such purchase can l)e 

 made at not exceeding 110 per cent of the 

 face value thereof and accrued interest. 



Sealed proposals for the sale of any bonds 

 of said issue will be opened by the under- 



signed Trustee on May 17, 1918, at twelve 

 o'clock noon. 



Any bonds w/iicli t.'ie Trustee may elect 

 to purchase must be delivered to it within 

 five days after the mailing of notice of such 

 acceptance. 



The Trustee retains the right to entei any 

 and all offers. 



CENTRAL TRUST COMPANY 

 OF NEW YORK 

 By F. J. FULLER, Vice-President. 

 New York, May 2, 1918. 



SUGAR LOAN 



Members of the syndicate of banks 

 and bankers who are participating in the 

 $100,000,000 loan to Cuban sugar growers 

 have been called upon to deposit $10,- 

 000,000 of this sum. It Ls expected that 

 another call for between $5,000,000 and 

 $6,000,000 will be issued shortly. The num- 

 ber of banks and bankers taking part in the 

 financing is 188, and the loans will be made 

 through the medium of acceptances. For the 

 present, the accomodation will cost the sugar 

 producers ajiproximately S}i per cent. 



