THECUBAREVIEW 25 



In making these changes your Company has followed its policy of increasing the capacity 

 of the factories where cane being cheapest, the largest profits are obtainable. 



Land purchases and machinery improvements aggregating $5,479,153.93 were paid for 

 without the issue of any additional securities. 



The Property Account as of September 30, 1917, is made up as follows: 



Property and Plants, September 30, 1916 $57,636,115.65 



Lands and warehouses purchased,- including transfer taxes, notary fees, etc... . 445,800.12 



Betterments, buildings, machinery, etc 5,033,353.81 



$63,115,269.58 

 Less sale of machinery, etc 216,304.92 



$62,898,964.66 

 LANDS 



The company now owns in fee 10,637 caballerias of land, equal to 354,500 acres, and 

 holds under lease — most of these leases being for long periods — 5,946 caballerias of land, equal 

 to 198,200 acres of additional land, totaling 552,700 acres. 



RAILROAD 



The company now owns and operates for the transportation of its products and supplies 

 785 kilometers (490 miles) of railway, of which 517 kilometers are standard gauge and 268 kilo- 

 meters are narrow gauge, together with equipment consisting of 106 locomotives, of which 

 73 are standard gauge and 33 narrow gauge and 3,094 cane cars, of which 1,908 are standard 

 gauge and 1,186 are narrow gauge. 



PROSPECTS FOR NEXT SEASON 



The Cuban insurrection of 1917 prevented much planting that normally would have^been 

 done. The Company's production for the coming year is estimated at from 3,800,000_to 

 4,000,000 bags. ^ . 



We are planning for an increased output in 1919 and to this end additional plantings 

 have been made which will then be available. 



EXPERIMENTAL STATION 



An experimental station has been started by the Company for the improvement of the 

 cane seed and to demonstrate what effects can be secured by better fertilization and irriga- 

 tion, but the results of these experiments will not be known before 1919. 



CONTRACT FOR NEXT YEAR 



It is expected that about 75% of the Cuban crop will be sold outright to the International 

 Sugar Committee, with options on part or all of the remainder of the crop, at a price equivalent 

 to about 4.60 cents per pound f. o. b. rwrthside Cuban ports and about 4.55 cents per pound 

 f. o. b. Cuban southside ports, with basic rates of marine freight shortly to be agreed upon. 



Acknowledgment is made of the loyal co-operation of all officers and employees during a 

 season made particularly trying by the insurrection in Cuba. Many of our employees on the 

 Island ran personal risks in performing their duties to the Company. 



THE CUBAN-AMERICAN SUGAR COMPANY ^tock, payable April 1, 1918, to stockholders 



of record March 15, 1918. 

 A quarterly cUvidend of one and three- Checks for the payment of thejdividend 



quarter per cent {!%%) was this day de- will be mailed, 

 clared on the outstanding Preferred capital Transfer books will not be closed. 



