23 Cuban Investments 



While the amount due to the 

 Bank representing the annual 

 interest and commission on the 

 first mortgages that secure and 

 will secure these bonds will be 

 over 938,000.00 



Allowing for annual expenses . . . $75,000.00 



(Those of the year 191 5 were 

 only $60,310.11.) 



There still remains 863,000.00 



Which is more than twice the 

 total of all fixed charges. 



