THE CUBA REVIEW 



29 



STATEMENT OF OPERATION OF THE RAILWAY DIVISION FOR THE YEAR 



ENDING DECEMBER 31, 1919 



QpEBATiNG Expenses : 



Maintenance $454,336.09 



Transportation 1,745,569.37 



General 229,396.93 



Stage Lines 61,539.62 



Gasoline Omnibuses 50,925.43 



Total Operating Expenses .$2,541,767.44 



Net Earnings from Operation for 1919 1,943,481.76 



$4,485,249.20 



Interest $567,261.02 



raxes 108,200.00 



Trigo Annuities 3,344.84 



Reserve for Depreciation 228,844.92 



Net Income for the Division for 1919 1,035,830.98 



$1,943,481.76 

 Earnings : 



Car Earnings ?4,271,023.17 



Miscellaneous Earnings 92,074.94 



Stage Earnings ". 58,409.09 



Gasoline Omnibus Earnings 63,742.00 



Gross Earnings .$4,485,249.20 



.$4,485,249.20 



Net Earnings from Operation for 1919 $1,943,481.76 



$1,943,481.76 



NATIONAL BANK OF CUBA DEPOSITS 

 As an evidence of the prosperity of 

 Cuba, Mr. .J. T. Monahan, vice-president 

 of the National Bank of Cuba in New 

 York, the local associate bank of the Na- 

 tional Bank of Cuba, has announced that 

 in the first six months of the year the 

 National Bank of Cuba, which is the de- 

 positary and fiscal agent of the Cuban 

 Government, had increased its deposits by 

 .$.50,000,000. Deposits, according to the 

 general balance sheet of -June .30, were 

 $194,506,648, compared with $145,597,274 

 at the end of 1919. The National Bank 

 of Cuba now has 123 branch agencies. 



BRITISH COLUMBIA SUGAR REFINING CO. 

 The British Columbia Sugar Refinery, 

 Ltd., of Vancouver, British Columbia, has 

 been incorporated with a capital of $10,- 

 000,000 divided into 100,000 shares of $100 

 each. 



FEDERAL SUGAR REFINING COMPANY 

 Stockholders of the Federal Sugar 

 Refining Company have approved an in- 

 crease of $10,000,000 in the company's 

 common stock. 



COMPANIA NAVIERA 

 From March, 1919, to February, 1920, 

 the net profits of the Compania Naviera 

 were 523,669 pesos. 



BANCO ESPANOL DE LA ISLA DE CUBA 

 The Banco Espanol de la Isla de Cuba, 

 the oldest credit institution in Cuba, has 

 recently published its balance for the first 

 six months of the current year. Profits 

 were $2,013,486.28 and $1,. 500,000 was put 

 into reserve. The present reserve is 

 $5,500,000 and the capital $8,000,000. The 

 deposit account was $112,126,786.12 and 

 stocks deposited $51,8.39,4.32.50. The total 

 of assets and liabilities is $178,466,401.63. 



