THE CUBA REVIEW 25 



Dividends on common stock: 



Paid January 3, 1918, for three months to Jan- 

 uary 1, 1916—21^% $178,390.00 



Paid April 1, 1916, for three months to April 



1, 1916—23^% 178,390.00 



Paid July 1, 1916, for three months to July 1, 



1916—23^% 17S,:]90.0() 



Paid October 2, 191G, for three months to 



October 1, 1916— 2 J^% 178,390.00 



Paid October 2, 1916— special dividend— 10% 713,560.00 



— 1,427,120.00 



Common capital stock distribution payable 



Octol)er 2, 1918 2,854,240.00 



Sinking fund provisions for the cancellation of 



collateral trust bonds (see above) 494,921.50 



5,328,847.50 



Surplus at September 30, 1916 .$9,559,055.03 



* In October, 1916, bonds of the par value of $2.53,000 were retired out of the Sinking Fund for Redemption 

 of Bonds, which are not included in the $367,000 shown obove. 



EIGHTH ANNUAL REPORT OF THE NIPE BAY CO. 



By the act'on of the stockholders taken at the meeting held at Jersey City, N. J., on Dec. 

 8, 1915, the fiscal year of the company was changed so that it would end on September 30, 

 instead of June 30, and the report herewith submitted covers the period of fifteen months ended 

 September 30, 1916: 



INCOME ACCOUNT. 



Net earnings from sale of sugar for the year(taxes deducted) were $2,687,966.78 



Miscellaneous earnings 34,568.31 



Total net earnings $2,722,535,09 



Interest charges: on debentures $218,450.00 



on mortgage bonds 218,750.00 437,200.00 



Balance net income ■ .$2,285,335.09 



Dividends 383,034.00 



Balance surplus for year $1,902,301.09 



Surplus brought forward from close of previous fiscal year 1,178,059.74 



Total surplus $3,080,360.83 



Direct charges to income account 871,298.49 



Balance surplus September 30, 1916 $2,209,062.34 



The net earnings due to the high prices for sugar which ruled during the period, are the 

 best that the company has ever reported. 



The production during the period amounted to 146,262,400 pounds of sugar and 3,223,906 

 gallons of molasses as compared to 120,247,960 pounds of sugar and 3,114,041 gallons of 

 molasses for the previous fiscal year. This production was somewhat less than was anticipated 

 earlier in the year, and was considerably affected by an excessive rainfall during the spring and 



