T II K CUBA R E V I E W 2f> 



competent labor, but also that the gross earnings fro peration Increased L6.9895 



over those of L917, thai the nel earnings from operation were 12.39$ greater than 

 last year notwithstanding thai operating expenses increased 22.8% and thai after 

 deduction of both United States and Cuban taxes there still remains a gain of 5.43% 

 in ih'I earnings over the preceding year. 



This satisfactory result was broughl abuul through the Loyal co-operation and 

 efficien! services of the officers ami employes of your Company, to whom thanks 

 are due and cheerfully rendered. 



in former reports reference has been made to the cordial relations existing 

 between the employes of this Company and the management, and although the stir 

 and hustle of the .ureal war which came to an end in November Inst have produced 

 unrest among the laboring class In <'uh;i as well as in many other countries, these 

 cordial relations have not suffered, bul on the contrary they have become more 

 Closely cemented because sound reasoning hy and with your employes has convinced 

 them that strikes and Bolshevism and the panics produced thereby cannol improve 

 their condition, but only result in hardship to themselves and injury to the enter- 

 prise Of which they are a mosl important part and in which their welfare is so 

 closely related with yours and that of the good public of Havana. 



The gross receipts from all sources were $8,31 7,439.07. 



The total expenditures for construction account were $637,146.58. 



Customs duties paid on imports into Cuba amounted to $159,814.14. 



Your Company subscribed to $200,000 United States of America Third Liberty 

 Loan 4V4'; Bonds and to an equal amount of the Fourth Liberty Loan 4%% Bonds, 

 and in addition thereto your Company subscribed $18,050.00 on behalf of your em- 

 ployes to the Fourth Liberty Loan. 



Your contributions to War Charities during the year amounted to $6,000.00. 



The improvement in public lighting has continued and during the year 153 high- 

 efficiency incandescent lamps in 1,000 and 600 C.p. units and 83 less brilliant lamps 

 were installed. The increase in electrical output was 15.3$ and the increase in net 

 earnings on account of electric lighting 8.7%. The increase in gross earnings in the 

 Electric Light and Tower Department broke all records, but the operating expenses 

 were greater than ever last year, due almost entirely to the high cost of fuel and the 

 rise in material prices. A total of 831 new wood poles were set and CO tubular steel 

 railway poles were extended to carry electric light and power lines and in some cases 

 street lamps. The number of electric meters in service December 31, 1918, was 

 28,266, being 3,234 in excess of those in service on the same date of the preceding 

 year. 



The statistics of gas service in the accompanying report show an increase of 

 37.6% in the cubic feet output, an increase of 43.1% in gross earnings, an increase 

 of 48.5% in operating expenses and an increase of 32.6% in net earnings as com- 

 pared with 1917. The total length of street mains December 31, 1918 (17C.5S miles), 

 is 2.28 miles in excess of 1917. The net increase in the number of meters during the 

 year was 1,628. The stoves and ranges installed by your Company at the end of 

 1918 total 12,661,— water heaters, 2.4ss ; hot plates, 1,989, and industrial appliances, 

 1.444, — a most excellent showing when you recall that a few years ago gas heating 

 appliances in Havana were a novelty and that difficulties were encountered in getting 

 t he people to use them. 



The total number of passengers carried on the cars during the year, 7o. fill, 777, 

 shows an inci*ease of 9,193,327, or 13.8%, compared with 1917. The total earnings 

 from car operation show an increase of 13.7%, and the number of passenger car 

 miles a decrease of 0.6% as compared with 1917. The net earnings from operation 

 for the year show an increase of 10.7 r f. Track statistics show 85.55 miles of single 

 track, exclusive of yard track miles. 



Your consolidated power plant has operated reliably and, considering the poor 

 quality of "pool" coal received at times, very economically. The net output was 



