22 



THE CUBA REVIEW 



SITUATION OF THE CUBAN TREASURY 



The published returns of the Cuban 

 treasury, showing its condition en June 

 29, 1912, are as follows. 



In view of recent comment on Cuba's 

 financial condition this statement will be 

 examined with more than usual interest. 



INCOME 



Cash on hand May 31, 1912 $1,143,200 



Receipts for June: 



Customs receipts 2,240,376 



Consular receipts 52,060 



Posts and telegraphs 87,754 



Internal revenue 185,334 



Income from public (state) 



property 13,533 



Miscellaneous revenue 62,203 



National lottery 378,929 



Loan taxes 284,332 



Miscellaneous Accounts: 



Money orders 38,383 



Unpaid checks 1,432 



Honorary consulate fees 15 



(Semi-public) works performed 



for acct. of private persons 17,347 



Epidemics • • • 5,192 



Deposit on the l&V^ million 



dollar loan 1,000,000 



Deposit for harbor works 107,819 



Workingmen's homes 1,831 



Cash reimbursements 88,106 



In hands of collectors for 



accounting 104,068 



Total $5,811,992 



EXPENDITURES 



Disbursements, budget 191 1-12. $2,817,736 

 Disbursements, budget 1910-11. 3,206 

 Disbursements, budget 1909-10. 40,576 

 Disbursements, laws of 1906... 6,000 

 Disbursements, provisional gov- 

 ernment decrees 10,166 



Disbursements, laws of 1909.. 137,855 



Disbursements, laws of 1910.. 944 



Disl)ursements, laws of 1911.. 8,515 



Disbursements, laws of 1912.. 33,244 

 Organization of armed forces to 



restore public order 155,205 



Third part of income from 



National Lottery 1911-12.. 66,784 



Three million dollar loan 80,937 



National loan tax 378,494 



Miscellaneous Expenses: 



Deposited on $35,000,000 loan 



tirst 50 per cent 3,000 



Balance army claim 4,000 



Money orders 49,000 



Outstanding checks 450 



Private construction work 36,291 



Deposit for harbor works 115,559 



Havana sewerage system 409,354 



Cienfuegos sewerage system 



Cash on hand 1,350,530 



In hands of collectors 104,068 



Total $5,811,992 



Available to paymasters for cur- 

 rent and extraordinary dis- 

 bursements $3,072,544 



Caibarien and Nuevitas Railroad Bids Suspended 



President Gomez has issued a decree 

 suspending the opening of the bids for 

 building the Caibarien and Nuevitas rail- 

 road until September 30th, says the Havana 

 Post. 



The decree of the president followed 

 energetic protests from the greater part 

 of the Cuban press against giving thirty 

 days for bids on a contract amounting to 

 millions of dollars. The assumption was 

 advanced by some that it was the intention 

 to favor one company which had already 

 completed its surveys and was ready to 

 bid, thus rendering impossible the competi- 

 tion of others. 



The project for a Caibarien-Nuevitas 

 railroad has been granted a subsidv of 

 S2.n00,000 by the Cuban Congress. 'The 

 bill provides that the amount shall be paid 

 to the company building it, providing the 

 line passes to the south of the Bamburanao 

 hills. It is expected now that the time 

 has been extended, that several companies 



will bid for the privilege of constructing 

 a railroad through one of Cuba's richest 

 sections at the same time receiving $2,000,- 

 000 for doing so. 



The Cuban Central Railroad has made a 

 protest through diplomatic channels against 

 a subsidy for this line, as it is already 

 building, without a subsidy, a line joining 

 Caibarien and Nuevitas, but running north 

 of the Bamburanao hills. The railroad 

 which the government will subsidize will 

 run parallel to the Cuban Central. 



A bond of $150,000 is exacted of bidders 

 to be given either in cash or through a 

 surety company having the sufficient capital 

 to answer for the bid, and the advertise- 

 ment calling for bids is to be published in 

 all the principal papers. 



Jacques Hoffer, formerly manager of the 

 Hotel Campoamor at Cojimar and who was 

 well known in Havana, committed suicide 

 on July 19th in a New York hotel. 



