THE CUBA REVIEW 



17 



CUBAN CENTRAL RAILWAYS, LIMITED 



RESULTS OF FISCAL YEARS 1910-11 AND 1909-1910 COMPARED, AND 

 LOOKED UPON AS SATISFACTORY 



The results of the working of the rail- Ranch(.) Neloz was opened for public 



ways for the year, as compared with the service on the 21)th of June last. Other 



corresponding period in 1909-1910, were extensions in course of construction are : 



Cifuentes to Esperanza, approximately.... 18 miles 



1910-11 1909-10 ^^,^ j^^j^jj ,jg jgg Yeras to Cardoso, approx... 1.=; " 



(Jross receipts £460,086 £465,310 Malezas to Cumanayagua 11 



Working expeiii.es ....- 281.288 282,686 



,. ^ . ^ ^rT-T"^> ,,o, £,, Orders had been previously placed for 



Aet receipts £1/8, /98 £182,624 ^ c. ^ , r^ i ^- ' , 



/ standard Cuage Locomotives and one 



To the balance of... £178,798 Narrow Guage Locomotive, as well as for 



must he added — .,,, . Ci. i i r- i-i ^ /^ i 



balance from 1909-10 £10,986 -J-^ Standard Guage Hat Cars and M 



Registration fees 90 Standard Guagc Covered Cars, added to 



■Sundry earnings, exch. dift., etc.. . 1,743 ^_^ ^^^^ which 2r, Standard Guagc Flat Cars, 10 



"'' " Xarrow Guage Flat Cars and 10 Narrow 



£191,619 uage Covered Cars are being built in the 



Deduct— companv's shops. The whole of this 



Reserve for Texas (Cuba) £o,20/ rnllino- ofnrlc will bp ncpd fnr the- cpruirp 



Interest and amortization of roll- rolling Stock Will ue usetl tor tne service 



ing stock- bonds 6,960 ot the present Zafra. 



Rent charges payable in Cuba 9,927 The report of the General Manager, Mr. 



Interest and sinking fund on 4]/, tt TJcKpr sbnw"; -in inrrpac;.- nf £"> ■'■Q'? in 



per cent mortgage debentures....45.955 "• ^SDer, SHOWS an lUCreaSv. Ot_ta,o9.i in 



Interest on 6 per cent second de- passenger receipts over the previous year, 



benture stock 12,000 although the company has motor car com- 



lnL°r«^ai^d "discount":::::::::::::^ 666 petition at several points. Large consign- 



Proportion written off premium on - ments ot ice, hsh, aerated water and 



6 per cent debenture stock 1.000 small parcels generally increased the re- 



ceS'.4s^;;f^"^''L'""'..::;::;;;: IS ''t^' ^'■°'^] '^'' '°"'''? J^^'-^P'i 



96,655 ihe total tonnage ot freight for 1910-11 



^ was 2,090,04s tons, as against 2,350,:{40 



T „^^ ■„. ,- J- -1 ^ -T/ 1 ,■ :£5"*-'^63 ^Qj.j jj^ ^.j., previous year, a decrease of 



Less interim dividend on o'/i cumulative ' -' ' 



preference shares at Ss. 6d. per share. ^o0,2.)2 tons. 



paid April, 1911 33,000 Owing to the partial failure of the sugar 



J ■ , r ' ,, , ,,,, crop, there was a decrease recorded in 



Leaving a surplus of £61,963 ..mn n j: .i~o r.rv,, ^ 



^ 1910-11 of 2<S,00() tons in cane as com- 



Out of this amount the directors recommended nared with 1909- 10 

 the rayment of the following dividends: 'ri i j- i r • i 



Dividend for the half-year to 30th ^ -l "« number of bags of sugar carried 



of Tune, 1911, on the 5;/ cumu- for 1910-11 was 2,010,1(58, as against 



lative preference shares £33,000 2 186 727 in 1909-1910 



Dividend of 2 per cent on the or- ' t^i ' 'i " i -1.^1 



dinary shares 18,000 1 here were Icss molasses earned, the 



'- £51.000 tonnage being 7.'),064 against 79,9.58 in 



. , , , — TrrTTT 1909-10. The decrease is attributable in 



Leaving a ba ance to be carriec forward.. £10,963 i i ii • i. 11 i' r j 



^ ^ ' some parts to the installation ot modern 



The year's gross receipts amounted to machinery on the sugar estates, resulting 

 £4(50,086 which, compared with the previous in a higher extraction of sugar, and con- 

 year's results, show-ed a decrease of £."),224 sequently less molasses, 

 or 1.12 per cent. (3wing to the drought, l)ul ];i.295 tons 



The working expenses, which included of tobacco were received, as against 18,4.34 



the cost of one new locomotive and a tons in the previous year. Besides, there 



proportion of relaying the Main Line with is no irrigation in Santa Clara Province, 



SO-pound rails, were £281,288 or 61.14 per which makes the output of this crop always 



cent of the gross receipts. This amount uncertain. 



did not include any charge for renewal The territorj' served by the railway has 



fund as heretofore, a credit of £9,000 hav- shown much ))rosperity, and there was ac- 



ing been charged directly to the net revenue cordingly an increase in building materials 



account. carried, the amount lieing 9:). .561 tons, as 



The train mile receipts for the year were against 77,:!6.'! tons in the previous year. 



13s. 8^/4d., as against 14s. iVid. in 1909-10, Large quantities of stone were also cari;i^<i. 

 and the cost of working, Ss. 4V>d., as Timber and firewood, fruits and vege-. 



against 8s. 6%d. in the pre\ious year. tables all showed increases. 



The total mileage of the main line now Live stock traffic fell off considerably, 



open for traffic is 255. an increase of 14 only 11.2.10 animals being carried, as against 



miles. The extension from Cagauguas to 21,946 in 1909-10. 



