THH CUBA REVIEW Te, 
IMIOVASSES a Sallesian eon imuie ns Cateng seamen i ioe Wy Suky Goan eer aie 435,327 ar 116 
O GHEE amie Shee ee are eee en itn aie cts carts pi eee a. 948,834. 252 
$126,323,157.10 $33.561 
EXPENSES— 
Cost of Cane per 100 arrobas $18.15.................... $ 80,387,237.71 $21.357 
Dead Season Expenses (Salaries and Wages, Materials 
and Supplies, Repairs and Renewals).............. $ 5,820,314.15 $ 1.546 
Crop Expenses (Salaries and Wages, Materials and Sup- 
plies, Fuel, Maintenance, Administration—Cuba and 
SAMUS MS GALES) acievstauetacc nr sisuseisia ele. qed eueleiare see ore ew eoogele $ 9,382,749.29 § 2.493 
Fiscal Year Charges: 
Generale lS tal COn vey ieruuars Gomes has esses Cuete A cece $ 294,864.14 §$ .078 
CuhamMeNAaxXeseOis SULA se citer chan ceeeeeln tas cee 649,882.07 173 
Cubany TaxesronMOlaSSeSh msc eerek ee cceua. cee oe 66,788.28 .018 
Cuban) MaxeslonyRealbstate aecee-ssseceee ssc. et 271,761.77 072 
Legal Expenses ......... Pen eihcmaincie Rt OATH SRE ESI aE 78,979.78 021 
NotraleHiseal Wear Charwesawe. es .. ss ae e's see oe $ 1,862,276.04 $ .3862 
Sugar Expenses: 
Susana eseanld Men Cksli ume rtsevaaira eh lsteeipevsra dle ccs $ 2,347,893.74- $ .624 
Sucaccdimlandsalroad wHrerghis wes. ees. 5. vase 25 1,637,366.54 435 
See Slaihoyqie IqVaNyesy soscooonoudugcdusubboceae 1,689,219.07 AAQ 
SUSAR INS PAI CON arora a recctere es she) olietteve: aucneubietel sian ora sie iecere 251,698.95 067 
Selling and Landing Hxpenses..................... 1,195,381.31 217 
Totaly Sugar Hx eUSes waco eiclels veal ole ei eres $ 7,121,559.61 * $ 1.892 
Potal SE XpPeHSeS WH OB ane eeicig ie sexeushesn sieves ne $104,074,136.80 $27.650 
OPERATING PROFIT FOR THE FISCAL YHAR.......... $ 22,249,020.30 $ 5.911 
This compares with an Operating Profit last year of S$ 11,069,S80.76 
Rial eh JEONG ese Oleh oed bo oboe oo cee Beene s §$ 2.563 
STOCKHOLDERS 
To show the distribution of the stock of your Corporation, the number of stock- 
holders at the end of the last four fiscal years is given in the table below: 
1919 1920 
4,880 5,755 
2584 2204 
1917 1918 
Holders of Preferred Stock........ 3,840 4,494 
te “ Common Pea ibs tas eae tents 1,843 1,860 
MIE O Gall ei sescesaces oh weeds ter eee meme evi 5,683 6,354 
GENERAL REMARKS 
7,464 7,959 
The continuous increase in the number of stockholders is gratifying. 
$22, 249,020.30 
9,904,885.77 
The OPERATING PROFITS this year are................ 
Deducting disbursements for: 
Interest, Discount and Exchange.... $2,156,584.29 
PAXESY CRESEr WE) oie estate aie oshosesi aves 4,248 301.48 
Dividend on Preferred shares...... 3,5900,000.00 
HEAVESH aly By AQUAIN CE Oli pecscsie thier > io aie ie eiever on aele chaise jane 
-This is equal to about. $24.70 per share on the 
500,000. shares of Common Stock of the Corpora- 
tion, before making allowance for Depreciation. 
$12,3 34 
154.55 
