THECUBAREVIEW 25 



CAPITAL LIABILITIES 

 CAPITAL STOCK: 

 AUTHORIZED: 



Common — 80,000 shares without nominal or par vahio. 

 Preferred — 30,000 shares of 7% ctunulative con- 

 vertible par vahic $100 per share redeemable at 1 15 

 and accrued dividends. 

 ISSUED: 



Common — 44,000 shares $400,000.00 



Preferred— 30,000 shares 3,000,000.00 $3,400,000.00 



BILLS PAYABLE— BANKERS 450 000 00. 



CURRENT LIABILITIES: 



Sundry creditors $203,923.13 



Salaiies and wages accrued 14,276.10 



Rent accrued 11 629.69 



Dividends declared paA^able November 1 1917 52.500.00 282 328 92 



RESERVE FOR SUCH INCOME AND EXCESS PROFITS TAXES 



as may be finallv determined 35 OOO OO 



RESERVE FOR DEPRECIATION $1 10,957.22 



Less expended during current vear 10.086.22 100 871 00 



SURPLUS: 



Profit for the period from December 6, 1916 to October 



31, 1917, as per annexed account $332,246.97 



Deduct — Dividends of preferred stock to 



Obt. 31, 1917 $175,000.00 



Proportion of net book value of dismantled 



or abandoned propert>^ charged off 38,417.28 213,417.28 118.829.69! 



TOTAL LIABILITIES $4,387,029.61 



PROFIT AND LOSS ACCOUNT 



For the Period from Dec. 6, 1916, to Oct. 31., 1917. 



Sugar and molasses produced (less ocean freight) $2,184,660.93 



Miscellaneous income 14,090.20 



$2,198,751.13 

 Less — Producing, manufacttiring, selling and general exi3enses 1.714,616.94 



Gross manufacturing profit $484,134.19) 



Deduct — Interest on bills payable $5,930.00 



Reserve for such income and excess profits taxes as may be 



finally determined 35,000.00 40,930.00 



Profit before providing for depreciation $443,204.19 



Deduct — Provision for depreciation 110,957.22 



Net profit for the period, carried to surplus account $332,246.97 



HAVANA TOBACCO CO. 



AMERICAN BEET SUGAR CO. stockliolders of record at the close of business 



The annual report of the American Beet Ji^me 15, 1918. 



Sugar Company for the year ending March 31, Cheques will be maUed. 

 shows total receipts of $13,252,264.19; ex- 

 penses, including federal and state taxes, of 



$10,117,076.22; and net income, after divi- The Havana Tobacco Compam' reports 



dends, of $1,635,187.97. The surplus account income of $269,278 in the year ended Dec. 31, 



which stood at $1,254,747.22 a year ago, is 1917, from its stockholdings in various oper- 



now $1,642,384.94. ating concerns. This showed a decline of 



A regular quaiterly dividend (No. 76) of $178,967 from the total in the preceding j'ear. 



one and 50-100 dollars ($1.50) pei share on After paying expenses and interest charges, a 



the preferred stock of this company has been deficit- resulted amounting to $477,060, com- 



declaied, payable on July 1, 1918, to preferred pared with a deficit of $243,057 in 1916. 



