28 THE CUBA REVIEW 



The Trinidad Line was opened for traffic right through to Casilda on March 10th, 

 and your Company is already deriving considerable traffic from this new line. The- 

 total expenditure on the Trinidad Line to date amounts to $3,824,670.64, of which 

 $729,931.62 was expended during the past fiscal year. 



Your Company owns all of the Common Stock of the Camagiiey & Nuevitas Rail- 

 road Company, of which the net earnings for the year amounted to $616,865.56. This 

 Company has built during the year 2 section houses, 10 laborers' cottages, 1 large 

 sugar warehouse at Pastelillo, and 4 miscellaneous structures. Seventeen miles of 

 track were rock ballasted. 



Half yearly dividends of 3% were declared on the Preferred Stock of The Cuba 

 Railroad Company, payable February 1st, 1919, and August 1st, 1919. 



The thanks of your Directors are due to the Vice-President and General Manager,, 

 and to the Officers of the Company, who, through their zeal and efficiency, have con- 

 tributed so largely to the satisfactory results obtained. 



For the Directors, 



G. H. Whigham, 



President. 



INCOME STATEMENT FOR YEAR ENDED JUNE 30TII, 1919 



Gross Earnings $12,236,245.81 



Operating Expenses 8,926,014.49 



Net Earnings $3,310,231.32 



Other Revenue : 



Income from Rents $16,669.30 



Interest on Cuban Government Bonds 71,924.15 



Miscellaneous Interest 22,527.88 



Town Lot Sales 45,607.77 



156,729.10 



Gross Income $3,466,960.42 



Interest on First Mortgage Bonds $606,566.82 



Interest on Improvement and Equipment Bonds 200,000.00 



Interest on Three-Year 5% Secured Gold Notes 56,250.00 



Interest on Two-Year 6% Secured Gold Notes 75,000.00 



Interest on Car Trust Certificates 147,911.76 



Interest on Scrip Warrants 34,500.00 



Interest on Temporary Loans 126,309.06 



Discount on Bonds and Notes 23.102.S2 



1,269,640.46 



Net Income Transferred to Profit and Loss Account. . $2,197,319.96 



GENERAL BALANCE SHEET, JUNE 30TH, 1919 

 ASSETS 



Cost of Road and Equipment $50,456,982.28 



Investments : 



Camagiiev and Nuevitas R. R. Co., Capital Stock 



(pledged) $2,692,700.00 



Advances to Camagiiey and Nuevitas R. R. Co. for con- 

 struction of Pastelillo terminals 692,882.73 



Capital Stock : 



Marine and Industrial Company of Cuba, Capital Stock 111,805.33 3,497,388.06 

 Current Assets : 



Cash in Banks and on Hand $2,237,494.64 



Agents and Conductors 278,359.93 



Individuals and Companies 346,501.74 



Traffic Balances 300,405.52 



Materials and Supplies 1,528,452.66 



Compafiia Cubana (Since Collected) 448,S04.88 5,140,019.37 



