24 THE CUBA REVIEW 



Ij.,^ 1.4'J7,S(»S.0S l,o:!l,!>;!r).r)l TJ.-JT :'.'.)r),873.17 27.73 



o'iniiii.us ll'l'.lDl.Olt IIU.GOO.W '.Ki.UO .S,55U.45 7.UC» 



$9.;{!»7.4r.2.4(; $4,!)79,(!Sr..2-_' r.2.i)0 .1:4,417,707.24 47.1)1 



Tin- a<<uiiip:iiiviiij,' report of tlie general manager shows tlie growtli of llie eoin- 

 paiiy's liiisiiiess has eoiitiinMMl, iiolwilhslandiiig that all dei)artiueiits sutlereil from 

 seanity of iafior of all kiiiils and from the uiu-ertainty and irregularity in the receipt 

 of maierials for cnrrent use or consumption. 



The ^'ross earnings from operation of the entire proi)erty were Jl.tJ pi;r ct-nt. 

 greater th;>n in IWls; the total (tperating expenses 21.2 per cent, greater; the total 

 net earnings from operation '.>.;">!» per cent, greater and after deducting Uniteil States 

 and Cuhan taxi's the gain was 10.2 per cent. This satisfactory result was made 

 |)ossih!e through the loyalty, hearty co-(»peration and etlicient services of the ollicers 

 and emiiloyet's of your company, to whom oin- thanks are due and cheerfully ri-ndered. 



Although lahor conditions during 1919 in the Island of Cuba were disturlnd, the 

 cordial relations existing heiween the employees of this company and the manage- 

 ment havi' n<it suffered, and while it is true that our men in March and again in 

 .May, in part at least, jointMl in sympathy a general .strike which was contemplated 

 to he organized throughout the Island, they made no demands upon your company 

 anil no attenijits were maile to injure any of your property and alter an exchange 

 of opinions in regard t»» the uselessness of bringing about a satisfactory solution of 

 labor problems through the medium of general strikes j'our employees refu.sed to 

 resiiond when otln-r attempts were made later in the year to organize more or less 

 general sympathetic strikes. 



The management is actively engaged in assisting the employees of your comjiany 

 in obtaining the necessities of life at the lowest possible cost to them and the ipies- 

 tinn of meeting the high cust of rent is also under consideration and today perhaiis 

 mori> than in other years your employees are aware of the fact that their welfare 

 and yours is most closely related and that the product of your enterprise can be 

 satisfactory only if complete harmony exists between capital and labor. 



The gross receipts from all sources were $9,401,990.72. 



The total t-xpenditure for construction account was $352,.322.22. 



Customs duties paid on imiiorts into Cul)a amounted to $101,09".. 02 and all other 

 Cuban taxes paid wen- .$12:'.,5S'.».72. 



The City of Havana suffered from a severe cyclonic storm in September, 1919, 

 frtim which your railway service and electric light and power distribution suffered. 

 The loss of life in the storm was considerable, but fortunately no employee of your 

 company was seriously hurt; all of them were ready and responded cheerfully and 

 most «'ffectively wlien they were calltnl upon. 



The Electric Light and I'ower Department has contributed 50.5 per cent. t(» the 

 total net eafnings from operation and during the coming year the cables, wires and 

 transformers for distributing c(»nnuercial electricity will have to be reinforced con- 

 siderably, especially the underground distribution. 



The Gas Department lias developed greatly in importance and provision must 

 be made for increased generating and storage capacity. A new 2,.300,000 gallon steel 

 tank has been obtained through the courtesy of the Sinclair Oil Company and will 

 !)e ready to receive oil during the coming year. 



An important project for the improvement of the harbor front of the Gas Works 

 property has been worked out with the Department of Pulilic Works and the wiiarf 

 to be constructed there will have railroad connections and will be equipped for tlie 

 receipt of coal and oil. 



In the Uailway Department more cars are needed and are being built as fast 

 as possible and the railway shops nuist be reorganized and extended. 



