THE CUBA REVIEW 



The detailed appraisal of the company's buildings, machinery and equipment referred to 



in the last annual report has been made, and these now stand at $17,800,140.80, based on normal 

 and not on existing values of material and labor. After the deduction of .SI, 827,448. 13 made as a 

 result of this appraisal, and 01 $.339,.5.59. 2 1 expended during the year on special replacements 

 to maintain the factories in their most efficient state, the reserve to meet general depreciation, 

 which is carefull}' provided for in every budget, is now .13,932,041.09, or about 22 per cent, of 

 the book value of buildings and machinery. 



KeguJar quarterly dividends of 1% per cent, were paid on the preferred stock, and quart- 

 erly dividends of 2J^'2 per cent, were paid on the common stock; an extra cash dividend of 10 

 per cent, on the common stock and a distribution of conomon capital stock equivalent to 40 per 

 cent, were declared to owners of common capital stock, both payable October 2, 1910. 



During the year .1307,000 of The Cuban-.\merican Sugar Company's Six Per Cent. Bonds 

 were retired by the operation of the Sinking Fund Provisions, making a total of $1,2.51,000 of 

 these bonds retired in this manner, leaving outstanding on September 30, 1910, .$8,749,000. 



The outlook for the apprt^aching campaign is satisfactory. The factories have been enlarged 

 and strengthened, and the work of the mills will doubtless surpass all previous experience. The 

 fields present an aspect of unusual promise, and the supply of cane, as well as the output of 

 sugar, should exceed any former year's record. 



THE CUBAN-AMERICAN SUGAR COMPANY AND ITS SUBSIDIARY COM- 

 PANIES CONSOLIDATED BALANCE SHEET. SEPTEMBER 30, 1910. 



Capital Assets : ASSETS. 



Lands $8,572,497.40 



Buildings, machiner}', railroad tracks, rolling stock, etc. . . . 17,800,140.86 



$26,372,644.20 



Goodwill 3,929,340.28 



Securities in hands of trustees 2,000.00 



Work animals, live stock and equipment 951,440.84 



Current Assets and Growing Cane: 



Planted and growing cane $1,429,406.09 



Advances to Colonos and contractors (after deducting re- 

 serve for bad and doubtful accounts) 1, 400,648. 6i) 



Inventory of raw materials, supplies and merchandise in 



stores 2,41.5,281.32 



Stock of raw and refined sugar 1,417,564.21 



Accounts and bills receivable (after deducting reserve for bad 



and doubtful accounts) . . . : 1,335,810.22 



Cash in banks, with fiscal agents and on hand 5,772,128.74 



Deferred Charges to Operations: 



Bond discount $83,990.00 



Unexpired insurance, ta.xes, etc 148,703.85 



13,770,899.27 



232,093.85 



$45,259,627.50 

 LIABILITIES. 



Capital Stock: 



Common(authorized, $10,000,000) 71,356 shares of $100 each $7,135,600.00 

 Seven per cent, cumulative preferred stock (authorized $10,- 



000,000) 78,938 shares of $100 each 7,893,800.00 



$15,029,400.00 



Stock distribution, payable Oct. 2, 1910, to holders of common capital stock. . 2,854,240.00 



Common stock of Colonial Sugars Company in hands of the public 2,000.00 



Collateral trust bonds outstanding, due April 1, 1918 8,749,000.00 



Real estate mortgages and censos (Cuban) 472,125.34 



