22 THECUBAREVIEW 



The total number of passengers carried on the cars during the year (59,698,790) shows 

 an increase of 9.93%, compared with 1915, and the rolling stock of the company was increased 

 by the construction of 14 new passenger cars. 



The consolidated power plant has operated reliably and economically. The total net 

 output was nearly 47,000,000 K.W.H:., in the production of which 42,894 tons of coal were 

 consumed, or 2,048 pounds per K.W.H. 



The high cost of feed, combined with the decreased earnings, made the result of the 

 year's operation of the stage lines unfavorable, showing a decrease of $45,937.74, or 17.3% 

 less, as compared with 1915. 



The Employees' Mutual Benefit Society has continued in sound and prosperous condition 

 and over .$11,000 has been expended in assistance to members during illness. 



BALANCE SHEET. DECEMBER 31. 1916 



ASSETS 



Properties, plants and equipment, including banliers' charges and other ex- 

 p?nditures in connection with the organization of the company, discount and 

 expenses on general mortgage bonds and interest, discount and expenses on 

 two-year gold notes during construction ^55 3^7 597 Y5 



Investments (At cost) ' 'iifi'-jBT ciQ 



Current Assets: 



Cash in banks and on hand $1 412 153 24 



Accounts receivable, after providing for bad and doubtful debts ........ . . . . '857i443 06 



Stock of materials, merchandise and supplies on hand 867* 119 46 



Materials in transit - 49 ',526 68 



Deferred Assets: ' ■ -■ 



Insurance paid in advance, deferred charge, etc IO7 064 04 



LIABILITIES li^:^^^:T^^ 



Capital Stock: 



Authorized and Issued: 



Common: 



150,000 shares, par value, $100 each, fully paid and non-assessable $15,000,000 00 



Less: Held in treasury: 



515.69 shares, par value, $100 each 51 ,569.00 



Ro/ f> 1 *■ -D f J ■ '' $14,948,431.00 



6% Cumulative Preferred: 



150,000 shares, par value $100 each, fully paid and non-assessable $15,000,000.00 



Less: Held in treasury: 



1.73 shares, par value $100 each 173 qq 



— 14,999,827.00 



_ J J r. u. $29,948,258.00 



r unded Debt: 



Consolidated mortgage 5% gold bonds of Havana Electric Ry. Co., dated Feb. 1, 



1902, due February 1, 1952 " $9,188,111 09 



Less in treasury '.'.'.'..'.'.' '50o',429'.9S 



iS8 6^7 6^1 1 1 

 6% General Consolidated obligations of Compania de Gas y Electricidad de la 



Habana, redeemable at the option of the company 6,000,000.00 



Fifty-year 6% mortgage bonds of Compania de Gas y Electricidad de la Habana. 



1904 3,998,000.00 



Thirty-seven-year 5% English mortgage bonds of Compania de Gas y Electrici- 

 dad de la Habana, 1906 (£128,800) 622,533.33 



General mortgage 5% sinking fund gold bonds, dated Sept. 1, 1914, due Sep .1, 



1954 $5,698,000.00 



Less: 



Deposited with Government of Cuba $52,000.00 



In treasury 343,000.00 395,000.00 5.303,000.00 24,611,214.44 



Current Liabilities: 



Accounts payable ". $166,428.87 



Dividends and interest due but unpaid ', 70 994.13 



Deferred Liabilities: 



Accrued interest on bonds $365 877.76 



Consumers' Deposits 262,914.25 



Other deposits 9l'l69.48 



Sundry accruals for taxes, etc IOG'sOS.SS 



Capital Stock of Havana Electric Railway Company, outstanding: to be 



exchanged for capital stock of Havana Electric Railway, Light & Power Co $17,585.00 



Capital Stock of Compania de Gas y Electricidad de la Habana, outstand- 

 ing: to be exchanged for capital stock of Havana Electric Railway, Light & 



Power Company ' ' 2,547.74 



237,423.00 



826,270.07 



$20,132.74 



jLess; Capital Stock of the Havana Electric Railway. Light & Power Co., 



held in reserve in respect of above 20,132.74 



Special Reserve 522 288 19 



