T II K (.'■ U B A K K V I K W 



CUBAN FINANCIAL MATTERS 



•£J 



REPORT OF THE CONDITION OF THE 



BANK OF CUBA IN NEW YORK 



:it the close of business on the l-th day of 

 September, L919: 



RESOURCES 



stock and bond investments, 

 viz.: Public securities $146,823.34 



Loans and discounts secured 

 by other collateral 792,219.29 



I. onus, discounts and bills pur- 

 chased not secured by col- 

 lateral 469,267.67 



Overdrafts 6,788.13 



Due from approved reserve 

 depositaries, less amount of 

 offsets 740,890.28 



Specie 80,000.00 



Other currency authorized by 

 the laws of the United 

 States 77,870.94 



Cash items, viz. : 



Customers' liability on ac- 

 ceptances I see liabilities. 



per contra) 14,000:00 



Accrued interest not entered 

 on books ilt close of busi- 

 ness on above date 4,982.79 



Trade acceptances 48, 170.4b 



Total $2,381,012.84 



LIABILITIES 



Capital stock $100,01 ".no 



Surplus fund.. $50,000.00 



Undivided prof- 

 its 45,567.83 



95,567.83 

 I >eposits : Not pre- 

 ferred, as fol- 

 lows : 



Deposits sub- 

 ject to check. $2,001,968.70 



Time deposits, 

 c e r t i fi cafes 

 and other de- 

 posits, the 

 p a y m elit of 

 which cannot 

 legally be re- 

 quired within 

 thirty days . . 605.05 



Demand certifi- 

 cates of de- 

 posit 45,961.99 



Cashiers' checks 

 out standing, 

 including sim- 

 ilar checks of 

 other officers. 42,596.45 



Certified checks 74,173.13 



Total deposits 2,165,305.32 



Acceptance of drafts payable 



ill a future date or author- 

 ized by commercial letters 



of credit 14.b00.00 



other liabilities, 

 viz. : 



R e s e C V e s for 

 t axe s, ex- 

 penses, etc.. . $2,817.24 



Accrued inter- 

 est not en- 

 i e r e d o a 



books al close 



of b u s iness 



on above date 3,322.45 



6,139.69 



Total $2,381,012.84 



PUNTA ALEGRE SUGAR CO. 



The Board of Directors have passed the 

 following resolutions: — 



That there be appropriated out of sur- 

 plus or net earnings as of May 31st, 1919, 

 and reserved for the payment of dividends 

 upon the common stock during the 

 year beginning October 1, 1919, a sum 

 sufficient, in the opinion of the Treasurer, 

 to provide for the payment during such 

 period of dividends at the rate of 10% 

 ($5.00 per share I per annum, and further 



That out of the sum above voted to be 

 set aside for the payment of dividends 

 there is declared upon the common stock 

 outstanding at the close of business Octo- 

 ber 1. 1919, a dividend of 2V 2 % ($1.25 per 

 share) of the par value thereof, payable 

 October 15, 1919, to stockholders of record 

 at the close of business October 1, 1919. 



NEW YORK CHARTER 

 Bartlett, Morgan & Keller. Inc.. Cuba, 

 Allegany County, oil and petroleum, $100,- 

 000; R. II. Bartlett, II. P. Morgan. II. E. 

 Keller. Cuba. 



CUBA COMPANY 

 At the organization meeting of the 

 Board of Directors of the Cuba Company, 

 G. H. Whigham was elected Chairman, 

 and Herbert G. Lakin. of Lord, Day & 

 Lord, President. Mr. Lakin also was elect- 

 ed President of the Cuba Railroad Com- 

 pany, a subsidiary of the Cuba Company. 



