THECUBAREVIEW 25 



LIABILITIES 



Declared Capital .S52,r)()(),U0O.0(> 



500,000 Shares T/c Cumulative Convertil)le Pniferred Stock 



par value, $100.00 each. 

 .500,000 Shares Common Stock without uoiniual or j)ar value. 



Bills Payable $3,83G,229..")7 



Drafts Outstanding 405,000.00 



Accounts Payable and Accrued Charges , 2,140,094.73 



Dividend Xo. 3 (payable October 1, 1916) 875,000.00 



7,256,324.30 



Liens on Properties — Cash deposited, per contra $937,688.82 



Censos on Properties — Cash deposited, per contra 731,793.31 



Bonds of Cia Central Mercedes owned by Corporation and Out- 

 standing as Guarantee, per contra 60,000.00 



Reserves: 



Taxes, Etc $290,000.00 



Dejireciation 1,250,000.00 



1,729,482.13 



1,540,000.00 



Surplus Account: 



Balance, as per Profit and Loss Account 9,851,507.32 



^2.877,313. 75 



PROFIT AND LOSS ACCOUNT— SEPTEMBER 30, 1916. 



Operating Profit from December 1, 1915 $14,729,087.59 



Less : 



Interest and Exchange $91,385.85 



Reserve for Taxes, Etc 290,000.00 



Dead Season Expenses at Plantations from completion of Grind- 

 ing to September 30th, 1916 918,689.17 



Reserve for Depreciation 1,250,000.00 



• 2,-550,075.02 



Balance being Net Profit $12,179,012.57 



Dedticl: 

 Dividends declared on Cumulative Convertil^le Preferred Stock, 

 payable : 



No. 1, April 1st, 1916—1%% $875,000.00 



No. 2, July 1st, 1916-1%% 875,000.00 



No. 3, October 1st, 1916—1%% 875,000.00 



$2,625,000.00 

 Less : Accrued Dividends on Stock issued subsequent to January 



January 1, 1916 297,494.75 



2,327,505.25 



Balance carried to Surplus Account $9,851,507.32 



EXPORTS OF WATCHES FROM U. S. TO CUBA 



J'iscal year ended June 30 

 1911 1912 1913 1914 1915 1916 

 Exported to Cuba $2,846 $1,852 $8,094 $2,844 $4,814 $6,289 



