21 Cuban Investments 



THE BONDS AND THEIR SECURITY 



The Cuban Mortgage Bank had placed on 

 mortgages up to June 30, 191 6: 



On rural real estate $ 3,000,227.21 



On urban real estate 3,069,072.89 



On first mortgages purchased .... 67,532.45 



Making a total of 6,136,832.55 



All secured by absolute first mort- 

 gages on improved real estate, 

 the selling value of which is 

 more than 16,500,000.00 



And against which there were out- 

 standing on the same date: 

 Series "A" 5% bonds 



(40,000 bonds of 



par value 500 



Francs @ 96.16) $3,846,400.00 



Less drawn for re- 

 demption 57,888.32 3,788,511.68 



Series"B" 6% bonds already sold i ,000,000.00 



Making a total of 4,788,511.68 



There are now offered the balance 

 of the present issue of Series " B ** 

 6% first mortgage bonds 3,000,000.00 



Making the total outstanding 



bonds 7,788,511.68 



Which will be secured as follows: 

 Value of improved real estate 



mortgaged to Bank on June 30, 



1916, over 16,500,000.00 



