THECUBARE'/IEW 25 



Cane harvested l>y the Coinpauy and purchased from Colonos, in tous of 2,000 



lbs., was as follows: 



1919 1918 1917 1916 1915 



Company Cane 235,796 207,050 177,685 174,407 191,969 



Colonos : 



Company Land 105,826 80,107 103,640 58,157 60,160 



Own Land 186,070 191,861 140,675 104,256 135,217 



Total 527,692 479,018 422,000 336,820 387,346 



The amount of sugar made in hags of 320 U. S. lbs. was as follows : 



1919 1918 J-917 1916 1915 



Soledad 152,149 137,283 114,884 106,100 117,489 



Isabel 108,545 98,285 62,988 56,451 67,657 



Los Canos 97,703 71,406 73,234 72,877 63,832 



Total 358,397 306,974 251,106 235,428 248,978 



The percentage of total sugar (96° test) obtained on the cane was as follows: 



1919 1918 1917 1916 1915 



Soledad 11.22 10.35 9.11 11.46 10.26 



Isabel 11.04 10.53 10.11 12..32 10.64 



Los Canos 10.66 10.18 9.84 10.82 10.51 



Average 11.01 10.34 9.57 11.47 10.42 



The expenditures on Improvements and Betterments during the year have been 

 as follows : 



Cane Planted, New Lands Jp26,433.71 



Pastures 4,130.42 



Pastures and Fences 74,586.48 



Irrigating Plant 



Agricultural Machinery 1,571.69 



Narrow Gauge Railway and Equipment 67,477.60 



Standard Gauge Railroad and Equipment 75,779.83 



Factories 70,-552.81 



Miscellaneous 3,980.94 



Total $324,513.48 



Other changes in capital assets during the year were 



as follows : 



Deductions : 



Live Stock >$ 8,620.00 



Timber Lands ( Stumpage) 31,647.17 



Other Properties (Sales, etc.) 1.5,881.38 56,148.55 



$268,364.93 



The following is the result of operations of the Guantanamo Railroad for the 

 years ended June 30th : 



1910 1918 1917 1916 



Gross Income .$446,666.62 .?417,1.32.87 $286,747.28 .$308.-548.82 



Oi)erating Expenses and Taxes ;323,931.73 280,070.10 164,682.89 166,998.-51 



$122 7.34 89 $137,062.77 $122,064..S9 $141,550.31 

 Depreciation .56,00.3.04 49,809.25 39,948.63 54,2-38.39 



Net Earnings from Operations -$66,731.85 -$87,163.-52 .$82,115.76 $87,-311.92 



Interest Charges 64,931.61 63,931.61 63,931.61 65,973.44 



Profit $ 1,800.24 $23,231.91 $18,184.15 $21,338.48 



The properties have been maintained in good condition and all necessary repairs 



effected. 



O. G. Sage, 



Vice-President and General Manager. 



