Corporate Surplus: 



Profit ;iii(l loss ri'count — Credit balance as per statement attaehed hereto $2,024, "jOI. 78 



Ucscrvc for redemption of consolidated mortgage a% gold bonds of Havana 



Electric Railway Company 273,000.00 



Reserve for redemption of thirty-seven-year 5% English mortgage bonds of 



Compania de Gas y Electricidad de la Habana 102,460.67 



Sinking fund rossrve, Havana Electric Railway Co. Consolidated Mtgc. Bonds. . 106,697.66 



Reserve for depreciation 7o,000,00 2,581,606.11 



SIS, 727,1 10.81 



CONDENSED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 



DECEMBER 31. 1916 



Railway i.iKlit & Power 



Department. Department. Total. 



Gross earnings from operation . . $3,343,:ioS..S.S $2,674,3.')0.21 SO, 017,708.59 



Oixraliiii; expensfs . 1,. 503,457.34 792,912.91 2,296,370.25 



$1,839,901.04 $1,881,437.30 $3,721,338.34 

 Deduct: 



Taxes, U. S. A $21,927.00 $9,999.90 $31,926.96 



Taxes, Cuba 18,000.00 94,250.00 112,250.00 



Trigo annuities 3,338.12 3,338.12 



Interest on funded debt 555,935.87 741.157.36 1,297,093.23 



$599,200.99 $845,407.32 $1,444,608.31 



$1,240,700.05 $1,036,029.98 $2,276,730.03 



Add Miscellaneous Income: 



Interest on depo.sits $47,003 81 



K':'"'^ : „ ; 25,941.37 



Other miSL'ellaneous mcome 71,556.31 



$144,561.49 



Net profit for the year ,. $2,421,291.52 



Balance at credit of profit and loss account, January 1, 1916 1,709,956.60 



^ , $4,131,248.12 



Deduct: 



Provision for sinking fund in respect to English bonds of the Compania de 

 Gas y Electricidad de la Habana and consolidated mortgage bonds of the 



Havana Electric Railway Company $1 U, 761. S3 



Reserve for depreciation 75,000.00 



Reserve for bad and doubtful debts and other adjustments 123,083.33 309,845.16 



Dividends Paid: 



On preferred shares. May 13, 1910, on $14,999,857 at 3^0 . . $449,995.71 



On preferred shares, Nov. 15, 1910, on $14,999,857 at 39c • 449,995.71 $S99,991.42 



$3,821,402.96 



On common shares, May 13, 1916, on $14,948,496 at 3% • • $448,454.88 



Oncommonshares, Nov. 15, 1916, on $14,948,496 at 3%.. 448,454.88 896,909.76 1,796,901.18 



Balance carried to balance sheet $2,024 501.78 



BANCO NACIONAL DE CUBA 



(National Bank of Cuba) 

 GENERAL BALANCE SHEET— DECEMBER 30. 1916 



CUnited States Currency) 



ASSETS 

 CASH: 



In Vaults $12,433,940.69 



In Transit 41 ,820.76 



Coinage (Xational Currency) oOO.OO 



Due from Banks and Bankers 4,478,808.94 



Remittances in Transit 3,325,332.55 $20,280,402.94 



BOXDS AND STOCKS: 



Government Bonds $3,035,857.47 



City of Havana Bonds 655,769.42 



Other Bonds 572,129.31 



Stocks 118,402.28 4,382,158.48 



