80 THE ('II B A R K V I B W 



EXPERIMENTS 



Realizing the Importance <>r Increasing the sucrose In the cane and the tonnage 

 <>f cane per acre, your Company ims been carrying <>n experiments, In ii small way. 

 Cor the Improve m of the cane seed, in irrigation and in mechanical devices Cor cut- 

 ting the ci (cane cutters being n nly class of Labor in <'ui>;i that is really scarce) 



and Cor hauling It, In order to discard the primitive and Blow ox-driven carts and to 

 economize In Labor employed in driving these carts. 



The experiments have not progressed Car enough ns yet to warrant anj reporl 

 being given, 



The Installations of machinery i<> which your Management had directed Its ef 

 forts being now aboul completed, more attention ••••in be given henceforth to these 

 experiments! 



CONTRACT FOR THE SALE OF THE COMING CROP 

 tiip whole Cuban crop <>r L018 L9 ims !»<"»u sold to the United States Sugar 

 Equalization Board, inc., :ii basic prices of 5.60c C. o. i». North side ports and 5.45c 

 r. (.. ii. South side ports, which is .'.><><• per pound Increase over lasl year. lour 

 Company will reap the benefit of iiiis Increase on its quota of sugar. 



FUTURE PROSPECTS 



The scarcity of sugar being world-wide, prices, whether controlled i».\ the Cov- 

 er 'Hi or otherwise, may be expected to i>e satisfactory Cor several years after 



peace. 



Acknowledgment is made of the Loyal co-operation of all officers and employees 

 during the year. 



BALANCE SHEET SEPTEMBER 30, L918 



ASSISTS 



PROPERTIES AND PLANTS $74,522,783.41 



MACHINERY AND CONSTRUCTION MATERIAL ON 



HANI) 707,665.30 $75,200,4 is. 77 



CURRENT ASSKTS, ADVANCES T<> COLOXOS AND 

 GROWING CANE: 



Cultivations Company Cane $2,771,852.99 



Materials and Supplies 3,21 L.158.68 



Advances i<> Oolonos less Reserve Cor Doubtful 



Accounts 9,052,1 10.18 



Advances to Stores and Sundry Advances 214,002.58 



Molasses on hand 201,1 12.95 



Accounts and Kills Receivable, less Reserve Cor 



Doubtful Accounts 1,026,885.76 



Cash 700,712.06 



Cash on Deposit to meet Preferred Dividend Du. 1 



October 1st, L918 875,000.00 18,118,525.20 



SECURITY FOR REDEMPTION OF LIENS AND GEN 

 S(»S ON PROPERTIES: 



Cash deposited In Trusl panj and Bank.... $1,203,205.07 



Bonds of Cla, Central Mercedes deposited 60.ono.0fi 1,263,205.07 



DEFERRED CHARGES I 



Insurance, Rents mid. Taxes pnld In ndvnnce $100,400.90 



[nterest pnld In ndvnnce 125,805.38 



Hems iii Suspense 200,682,5-1 606,978.82 



$95,274,167.86 



