24 



THE CUBA REVIEW 



NATIONAL CITY BANK IN MATANZAS 



The National City Bank of New York 

 opened a branch in the city of Matanzas, 

 Cuba, January 2, 1919. This is the third 

 branch said bank has opened in Cuba, the 

 other two being at Habana and Santiago 

 de Cuba. Within a few days, the writer 

 is informed, additional branches will be 

 opened in Cienfuegos, Camaguey, and 

 Ciego de Avila. 



The banks now doing business in the 

 city of Matanzas, with the dates of their 

 establishment and the number of 

 branches in the entire island, are as fol- 

 lows: 



Established Branches 



in Matanzas. Name. in Cuba. 



July 17, 1901. Banco Nacional de Cuba 44 



Sept. 4, 1905. The Royal Bank of Canada 26 



June 10, 1911. Banco Espaiiol de la Isla de 



Cuba 41 



Jan. 2, 1919. The National City Bank of 



New York 7 



There are also five commercial houses 

 in the city who do a private banking 

 business. They are: 



Name. Address. 



Arechavaleta Amezaga y Ca Independencia 1 



Casalins Maribona y Ca Independencia 4 



Silveira Linares y Ca T. Lamar 3 



Sobrinos de Bea y Ca Independencia 17 



Urrechaga y Ca Independencia 63 



— Vice Consul Paul L. Clugston, Matanzas. 



CUSTOM HOUSE COLLECTIONS 



In November last the collections of the 

 Havana Custom House aggregated 

 $1,624,977, as compared with $2,593,438 

 in the preceding month. The decrease is 

 attributed to the harbor workers' strike. 



MATANZAS STREET RAILWAY MORTGAGE 



The Tramway Company of Matanzas 

 have been authorized to mortgage their 

 property for the sum of one million dol- 

 lars, for a period of fifty years. 



APPROPRIATION BILLS 



The president has sanctioned the law 

 passed by congress conceding a credit of 

 $60,000, destined to complete the road 

 from San Antonio de los Bahos to Coli- 



seo, as far as the junction with the road 

 that goes in the direction from the latter 

 place to Palacios, which is situated on 

 the central road. 



Another credit of $14,000 is provided 

 for the construction in a suitable place 

 for peons' houses for the men working on 

 the road in its entire length from the 

 central road to San Antonio de los Bahos. 



Also, the president has signed a law 

 conceding a credit of $150,000 to com- 

 plete the works on the aqueduct in San 

 Luis, Oriente. 



CUBAN BUDGET 



President Menocal has submitted to 

 congress a tentative budget for the com- 

 ing fiscal year showing receipts of ap- 

 proximately $66,621,155 and governmen- 

 tal expenses of about $67,403,100. 



Included in the expenditures are 

 amounts for the amortization of the loans 

 of 16V 2 and 10 millions and $3,000,000 

 for current amortization charges on the 

 recent loan of $30,000,000 which was ob- 

 tained from the United States to attend 

 to the needs arising out of Cuba's entry 

 into the world war. Another item in the 

 list of expenditures is $600,000 for the 

 pension list of Revolutionary veterans. 



TREASURY BONDS 



The treasury department has asked 

 for funds to cover the cost of freight and 

 insurance for sending to the United 

 States the sum of five millions of dollars 

 in treasury bonds on account of the loan 

 of thirty millions that the Republic of 

 Cuba has arranged for. This request has 

 to be passed to the general intervention 

 department. 



The Official Gazette publishes a decree 

 of the President conceding to the munici- 

 pality of Havana an advance of five 

 hundred thousand dollars in bonds of the 

 emission of the thirty millions above 

 alluded to. Of this sum three hundred 

 and fifty thousand will be for the pur- 

 chase of the land for the new market and 

 one hundred and fifty thousand is for the 

 indemnification of the concessionaries of 

 the Purisima Concepcion market. 



