THE CUBA REVIEW 



15 



FINANCIAL AND RAILROAD MATTERS 



MANY NEW ROADS DISCUSSED MONEY ORDER FEES AND REGULATIONS 



NATIONAL BANK HAS 35 BRANCHES 



NORTH AND SOUTH COAST RAILROAD 

 PROJECTED 



According to El Popular of Cardenas, a 

 railroad from that city, which is on the 

 north coast of Havana Province, to the 

 Bay of Cochinos on the south coast is be- 

 ing seriously advocated. 



The new road will indisputably serve a 

 very rich region, especially in crossing the 

 Zapata peninsula, which is rich in valuable 

 woods. Without taking into consideration 

 the necessary branches to the various fincas 

 the line will be over 95 kilometers in length. 

 A subsidy of $10,000 per kilometer is asked 

 for. 



INAUGURATION WEEK RECEIPTS 



The receipts of the Havana Electric 

 Railway Company during the week of 

 festivities consequent upon the inaugura- 

 tion of President ]Menocal compare with 

 the same period in 1912, a normal week, 

 as follows : 



1912 1913 



May 19th $5,642.35 $10,336.35 



May 20th 7,182.95 15,394.75 



May 21st 6,373.10 11,459.80 



May 22nd 6,720.65 8,770.80 



May 23rd 6,454.75 7,837.20 



May 24th 7,016.05 7,473.90 



May 25th 7,622.70 6,791.90 



Total $47,012.55 $68,064.70 



A NEW CUBAN LOAN 



It is believed that the new Cuban gov- 

 ernment will speedily seek a loan in the 

 United States, owing to the depleted con- 

 dition of the treasury, if the American 

 government will permit it. 



The contention has been that the United 

 States is bound under the Piatt amendment 

 to protect the finances of the country as 

 well as to guard against revolutionary 

 activities. 



Leading New York bankers report that 

 Cuban loan preparations have not yet 

 reached a stage to admit of practical dis- 

 cussion and no details of any such pro- 

 posed loan have yet come to the notice of 

 prominent New York financial institutions. 

 There is no doubt of the necessity for such 

 a loan and one will in all probability 

 shortly be applied for by the Cuban ad- 

 ministration. 



CUBAN MONEY ORDER FEES 



For amounts not exceeding $2.50, 3 cents; 

 over $2.50 and not exceeding $5.00, 5 cents ; 

 over $10.00 and not exceeding $20.00, 10c. ; 

 over $20.00 and not exceeding $30.00, 12c. ; 

 over $30.00 and not exceeding $40.00, 15c. ; 

 over $40.00 and not exceeding $50.00, 18c.; 

 over $50.00 and not exceeding $60.00, 20c.; 

 over $60.00 and not exceeding $75.00, 25c. ; 

 over $75.00 and not exceeding $100.00, 30c. 



Payment is in American currency and 

 $100.00 is the maximum amount for which 

 a single money order may be issued. For 

 a larger sum additional orders must be 

 secured. 



TALK OF NEW RAILROADS 



A railroad is projected from Placetas to 

 Trinidad, Santa Clara Province. Trinidad 

 is one of the oldest towns in Cuba and 

 one of the most picturesque. It is entirely 

 cut off from railroads, however, and for 

 that reason has lost much of its former 

 importance. 



A railroad from Caibarien to Mayajigua 

 in Santa Clara Province is about ready for 

 service. The central "Narciso" is largely 

 interested in the road which will permit 

 direct transportation of its sugar to Cai- 

 barien on the north coast. 



A railway line from the batey of the 

 Socorro sugar mill in Matanzas Province 

 to Playa Lisa in the Cienega de Zapata, is 

 now being planed by Sr. Pepro Arenal, 

 owner of the mill. The improvement is 

 expected to cost about $300,000, says La 

 Lucha of Havana. 



NATIONAL BANK OPENS BRANCHES 

 The National Bank of Cuba announces 

 the opening of four new branches in sugar 

 districts in Cuba, at the following points: 

 Encrucijada and Remedies, in Santa Clara 

 province; Jovellanos, Matanzas province, 

 and Guanajay, in Pinar del Rio province. 

 It has also opened a new branch at 88 

 Muralla, Havana, which makes five 

 branches in the city. The total number of 

 branches throughout the island is now 35. 



Sr. Ciro de la Vega is the new engineer 

 of the city of Havana. He was formerly 

 attached to the Havana Electric Railway, 

 Gas and Power Company and has never 

 held a public office. 



