THE CUBA REVIEW 



21 



FINANCIAL AND COMMERCIAL 



EARNINGS OF THE SANTIAGO ELECTRIC LIGHT AND TRACTION COMPANY 



(Conipania Electrica de Alumbrado y Tracciun de Santiago) 



Gross revenues: Jan. 1912 Feb. 1912 Mar. 1912 Apr. 1912 



From tramway $18,380.28 $14,669.11 $16,354.53 $18,308.99 



From light and power 14,630.51 14.560.11 13,947.29 14,033.08 



From other sources 1,038.35 1,562.74 1,131.15 902.41 



Total gross revenue $34,049.14 $30,791.96 $31,432.97 $33,244.48 



Expenses 18,445.05 17,356.25 18,546.93 19^337.76 



Net revenue $15,604.09 $13,435.71 $12,886.01 $13,906.72 



Fixed charges : 



Interest on $2,000,000 — 6 per cent lionds 10,000.00 10.000.00 10,000.00 10.000.00 



Surplus $5,604.09 $3,435.71 $2,886.04 $3,906.72 



Information received by The Cuba Review is to the effect that the Santiago Electric 

 Light and Traction Company has a capital of $2,000,000 in stock and $2,500,000 in bonds 

 bearing 6 per cent interest. Of this, $500,000 worth of bonds and an equal amount of 

 shares are in the treasury of the company, making the outstanding securities $1,500,000 in 

 stock and $2,000,000 in bonds. 



UNITED STATES EXPORTS TO CUBA 



From the figures compiled by the United 

 States Department of Commurce and La- 

 bor, Bureau of Statistics, the United States 

 sold to Cuba some 62 million dollars' 

 worth of goods during 1911 as against 

 23^2 million dollars' worth in 1903 when 

 the recipro*city treaty went into effect. 

 The country's imports from Cuba consist 

 of course largely of sugar and tobacco, 

 these two products aggregating over 97 

 million dollars of the 106 millions dollars' 

 worth of goods bought from the republic. 



A few of Cuba's purchases from the 

 United States and their increase are as 

 follows : 



Iroti and steel inaiiufactitres. These 

 head the list and have increased from 2\-> 

 million in 1903 to 12 million in 1911. Un- 

 der this head are included locomotives and 

 other machinery, wire, pipes and fittings, 

 steel rails, builders' hardware, and numer- 

 ous other articles. 



Boots and shoes. Boots and shoes have 

 sextupled in value of exports since 1903, 

 having risen from one-half million dollars' 

 value in that year to 3^/4 million in 1911. 



Passenger and freight cars. The ex- 

 ports to Cuba have almost doubled. 



Cotton Cloths. In 1903 exports of cot- 

 ton cloths to Cuba were but little more 

 than a quarter million dollars, while last 

 year they were valued at 1 2-3 million. 



Lard. Increase from ll-i millions to 

 4 millions. 



Flour. From 2 million dollars to 4 

 million. 



Corn. From 2-3 million to 1^-j million. 



J'cgetahles. From l-j million to iVi; 

 million. 



Pork, bituminous coal, milk, chemical 

 medicines, furniture, fertilizers, oil, etc., 

 also show large gains over 1903. 



NATIONAL bank's GOOD YEAR 



The annual report of the National P.ank 

 of Cuba for 1911 shows a considerable in- 

 crease in resources, despite the fact that 

 there was no unusual industrial activity 

 in the republic during the year. This is 

 indicated in the general balance sheet. The 

 total assets of the bank have increased 

 during the year from $33,278,302.72 to $36,- 

 351,519.24. This is nearly 10 per cent. The 

 deposits have grown from $22,310,246.07 to 

 $23,523,296.51, or $1,213,050. Cash on hand 

 amounted to $10,582,869.63, against $10,- 

 473,253.14 a year ago, or a little more than 

 $100,000 larger. The surplus was further 

 increased by $100,000 now standing at 

 $1,100,000, against $1,000,000 in 1910. The 

 undivided profits, after deducting $200,000 

 for dividends, were $106,255.13, whereas 

 a year ago they were $51,781.68. 



'Unlike the shares in our own national 

 banks," says the Financial ll'orld of New 

 York, "the stock of the National Bank of 

 Cuba is exem])t from a double taxation, an 

 advantage which should not escape atten- 

 tion." 



The Cuba Railroad Company has declared 

 a dividend of 3 per cent on its preferred 

 stock, payable August 1st to stock of rec- 

 ord July 15th. The last dividend was at 2 

 per cent. 



