T H E CUB A li i: \ I E W 29 



Less : 



Sale of Central "Asuncion" .$425,000.00 



Sale of Lands, Machinery, etc 1. 057,753. 2'o 1,482,753.23 



.$9,399,722.84 



Aclditionul Improvements, etc. : 



Fiscal Western . Eastern 



Year Plantations Plantations Total 



1915-1910 .$ 204,003.13 $ 155,131.08 .$ 419,734.21 



1910-1917 2,370,123.95 2,057,229.80 5,033,353.81 



1917-1918 1 ,835.0.50.42 8,240,313.70 10.0^ 1 .::(;4.1 2 



1918-1919 7.30,004.-32 3,309,334.08 4,(i: ;:).:;: ;;)..)() 



.$.5,205,781.82 $14,3e8,009..32 .$19,573,791.14 



$28,973,513.98 

 Less amount ^^•^itten off Propeity Account to cover dis- 

 mantling and relocation of machinery 1, 200,000.0! i 27,773,513.98 



.$70,750,810.06 

 Machinery and Construction ^Material on hand 031,396.21 



Total as per Balance Sheet $77,-388,200.27 



RENEWALS, BETTERMENTS AND DEPRECIATIONS 



Following the customary practice, your Company has made adeciuate expenditures 

 for renewals, repairs and changes in the location of machinery, all of which have 

 been charged to operating expenses before arriving at the operating profit. 



In addition to the cost of above renewals and repairs, your Board of Directors 

 have made a charge of $1,750,000 for Depreciation. 



RECEIPTS AND EXPENSES 

 FISCAL TEAR ENDED SEPTEMBER 30, 1919 

 Receipts — 



Production, 4,319,189 Bags Per Bag 



Sugar Sales $80,470,542.43 $18,631 



Molasses Sales 484,414.89 .112 



Other Earnings 560,368.62 .130 



Total Receipts $81,515,.325.94 $18,873 



Expenses — 



Cost of Cane per 100 arrobas .$8.50 .$42,058,281.93 $ 9.877 



Dead Season Expenses (Salaries and Wages, Materials 



and Supplies, Repairs and Renewals) 4,440,048.62 1.02S 



Crop Expenses (Salaries and Wages, Materials and Sup- 

 plies, Fuel, Maintenance, Administration — Cuba and 

 United States) 9,038,-523.33 2.093 



Fiscal Year Charges : 



General Insurance -326,109.94 .076 



Cuban taxes on Sugar 335,391.07 .077 



Cuban taxes on Molasses 75,997.10 .018 



Cuban taxes on Real Estate 260,-349.84 .060 



Legal Expenses 56,404.51 .013 



Total Fiscal Year Charges $ 1,0.54,2-52.46 $ .244 



Sugar Expenses : 



Sugar Bags and Packing $ 3,106,313.13 $ .719 



Sugar Inland Railroad Freights 1,626,931.29 .370 



Sugar Shipping Expenses 953,741.07 .221 



Sugar Insurance 210,639.85 .049 



Selling and Landing Expenses 1,300,60-5.47 .301 



Total Sugar Expenses $ 7,198,2-30.81 $ 1.666 



