THE CUBA EBVI1-: W 



crop at a materially higher price than the previous crop (only .151c per pound, as 

 already stated i, it had to bear additional burdens of expense with but little offset 

 save the increased yield and larger crop. 



CAPACITY OF THE EASTERN .MILLS 



The following table shows the capacity ;uid production of these mills during 

 the last three crops : 



1915-16, Bags 11)10-17, Bags 



Capacity Production Capacity Production 



Jagueyal 220,000 233,545 250,000 251,013 



Moron 200, > 170,262 L'no.OOO 181,045 



Lugareno 140,000 154,059 140,000 67,600 



♦Stewart 450,000 :;7*,< Ki7 



560,000 557,866 1,040,000 877,755 



1918-19 Bags 



1917-18, Bags Estimated 



Capacity Production Capacity Production 



Jagueyal 320,000 326,21 II I 4.10,000 400,000 



Moron 4< iO,i N 10 315,439 51 >l U 100 1 75,000 



Lugareno 270,000 11 7.200 320,1 M « > 320,000 



Stewart 500,000 -1 16,560 61 N 1,1 H H » 550,000 



1,490, 1,175,399 1,870,000 1,745,000 



* The "Stewart"' mill had not been acquired by your Company at the time of 

 the crop of 1915-16. 



The equipment of the Western plantations has been generally improved. These 

 improvements are reflected in the reduced losses in manufacturing. 



SUPPLY OF CANE 



Based on the quantity of cane that we had left over from last year and the 

 additional plantings made in 1917, the quantity of cane available for the coming crop 

 is now estimated at approximately 480,000,000 arrobas, which shows an approximate 

 increase of 70,000,000 arrobas of cane (781,250 tons) over the quantity ground in the 

 season just ended. 



With the same yield as in the case of the 1017-1918 crop the total output for 

 the coming crop should, with favorable weather and adequate labor, be approximately 

 4,200,000 bags. 



As the sugar mills are now equipped to their full capacity, your Management 

 will devote its attention chiefly to maintaining the quantity of cane, in order to 

 have sufficient to run all of them at full capacity during coming crops, when we are 

 likely to have favorable prices. 



GENERAL REMARKS 



The chief difficulty experienced by your Company during the campaign just ended 

 was due to the late deliveries of some of the machinery ordered and to the late 

 shipment thereof, caused by the war, and the restrictions imposed upon all manu- 

 facturers in the United States. 



It is owing to this that the benefits from the program inaugurated by your Com- 

 pany in August, 1910, for increasing the capacity of its sugar mills in the Eastern 

 section of Cuba were not fully realized. 



The program of August, 1916, for increasing the capacity of the mills was made 

 at a favorable time, but by reason of the entry of the United States into the war, 

 great difficulties were encountered which, though overcome, necessitated larger ex- 

 penditures than had been anticipated. The whole program will be practically com- 

 pleted by the time the coming campaign starts. 



