THECUBAREVIEW 23 



Deferred Credit Items : 



Credits for traffic services rendered during revolution but not 



yet adjusted 307,382.49 



MiscelIan(H)us deferred items 47,510.09 



354,892.58 



Reserve for depreciation of j)r()perty 1,090,270.43 



Reserve for taxes 220,322.22 



Republic of Cuba, advances against services to be rendered 1,974,437.77 



Scrip Dividend Warranta : 



Payable Feb. 1, 1921 300,000.00 



Payable Aug. 1, 1921 (to be issued August 1, 1918) 300,000.00 



600,000.00 



Profit and loss surplus 4,005,309.86 



),503,454.17 



PROFIT AND LOSS ACCOUNT, YEAR ENDED JUNE 30, 1918. 



Balance from June 30, 1917 .$2,245,719.26 



Third instalment of subsidy on account of construction of the 



Trinidad lines 54,000.00 



Net income for year ended June 30, 1918 2,625,590.60 



$4,925,309.86 

 Amount charged to establish reserve for loss and damage claims $20,000.00 



Preferred Stock Dividends : 



No. 17 paid August 1, 1917 : 300,000.00 



No. 18 paid February 1, 1918 300,000.00 



No. 19 payable August 1, 1918 300,000.00 



920,000.00 



Surplus June 30, 1918, carried to balance sheet $4,005,309.86 



STATriMEXT OF EARM> GS AND WORKING EXPENSES BY MONTHS FOR 

 FISCAL YEARS ENDED 30th JUNE 1917 AND 1918. 



1917—1918 1916—1917 



Gross Net Gross Net 



Earnings. Expenses. Earnings. Earnings. Expenses. Earnings, 



July $743,774.12 $.514,756.01 $229,018.11 $571,491.16 $313,186..35 $2,58,304.81 



August 839,815.31 562,920.06 276,895.25 558,326.93 293,978.53 264,348.40 



September 690,124.50 614,227.67 75,896.83 522,444.17 339,597.97 182,846.20 



October 587,890.12 498,425.15 89,464.97 504,336.79 358,438.07 145,898.72 



November 646,825.63 544,544.03 102,281.60 501,174.68 421,616.80 79,557.88 



December 1,043,086.01 680,369.24 362,716.77 517,402.45 465,280.38 52,122.07 



January 1,231,834.67 777,663.25 454,171.42 761,118,83 552,682.87 208,435.96 



February 1,164,.564.32 712,767.48 451,796.84 395,630.88 362,698.94 32,931.94 



March 1,233,503.38 745,456.90 488,046.48 230,107.60 252,255.67 rfe/22,148.07 



April 1,214,240.29 720,133.49 494,106.80 520,584.30 319,037.48 201,546.82 



May 1,186,421.36 726,083.63 460,337.73 562,968.92 413,830.68 149,138.24 



June 1,063,018.09 687,507.45 375,510.64 806,521.66 437,358.95 369,162.71 



$11,645,097.80 $7,784,854.36$3,860,243.44$6,452,108.37$4,529,962.69$1,922,145.68 



