24 THECUBAREVIEW 



Current liabilities: 



Bills payable $567,958.47 



Bankers loans 1,313,716.67 



Accounts payable 1,156,095.85 



Salaries and wages accrued 52,215.29 



Interest accrued 282,965.39 



Dividends declared, payable October 2, 1916 1,030,091.50 



4,403,013.17 



Sinking fund for redemption of bonds 257,522.87 



Reserve for depreciation 3,932,641.09 



Surplus per annexed statement 9,559,0.d5.03 



$45,259,627.50 



CONSOLIDATED PROFIT AND LOSS ACCOUNT, 

 For the Year Ended September 30, 1916. 



Raw and refined sugars produced, less commissions, etc $26,320,942.60 



Molasses produced 492,334.07 



Profit on stores, cattle, etc 530,851.34 



$27,344,128.01 



Less: 

 Expenses of producing, manufacturing, selling, etc., of raw and refined sugars 17,718,657.32 



,625,470.69 



Deduct: 



Provisions for depreciation $729,338.68 



Discount on bonds 61,866.00 



Interest on l)onds 529,530.00 



Interest on bills payable, etc 69,623.62 



1,390,358.30 



Net profit for the year $8,235,112.39 



CONSOLIDATED SURPLUS ACCOUNT, 



For the- Year Ended September 30, 1916. 



As at October 1, 1915 .$6,28.5,790.14 



Add: 

 *Collateral trust bonds cancelled through the 



sinking fund (see below) $367,000.00 



Profit for the year ending Sept. 30, 1916, per 



annexed account 8,235,112.39 



8,602,112.39 

 $14,887,902.53 



Deduct : 

 Dividends on 7 per cent, preferred stock: 

 Paid Jan. 3, 1916 for three months to Jan. 1, 



1916—134% $138,141.50 



Paid April 1, 1916, for three months to April 



1, 1916—1^% 138,141.50 



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



1916— 1M% 138,141.50 



Paid October 2, 1916, for three months to 



October 1, 1916-1 M% 138,141.50 



$552,566.00 



