28 PDF ew skeaak o ole aloe Ve Reh 
. After deducting: 
Reserve for Deprecignion’ so. remus ker as air eas win eats 8,500,000.00 
there TeMmains A BATANOE- Of. .« 205 eee le wih k vie wees $8,844,134.53 
equal to about $17.70 per share on the Common Stock, 
SuRPLUS account on September 20, 1920, amounted to.. $23,478,102.04 
In addition to this there has been set aside out of 
earnings for depreciation since the organization of 
ENE MOT HOTa UOMA Ue SUL Ole cc <i ecdsiinioss ele rik Bipicleleer sieve 10,000,000.00 
INI MOLE EO ticreretatheinteteto inns ovensroneretoisrc ree ake leroreiete tel $33,473,102.04 
equal to about $67 per share on the Common Stock that has accumu- 
lated out of the earnings of the Corporation since its organization, 
In order to avoid any stoppages for lack of coal or oil resulting from strikes 
on the railroads, your management has accumulated a large stock of both fuels at 
your factories, as well as an adequate quantity of empty bags and other supplies for 
the coming crop. This accounts in part for the large amount appearing against 
Materials and Supplies in the Balance Sheet. 
Your Corporation has sold about 20% of its own portion of the coming crop, 
not including colono sugars, at much higher prices than those ruling at present. It 
has also sold half of the molasses for the coming crop -at double the prices obtained 
for last crop. 
Respectfully submitted, 
By order of the Board of Directors, 
MANUEL Rtonpa, President. 
BALANCE SHEET—SEPTEMBER 30, 1920 
ASSETS 
RIO ERS AON TO) aD LEAON clues tate lelloderety ealetoltecetel = rrisisuenctodey $78,892,258.47 
MACHINERY AND CONSTRUCTION MATERIAL ON 
is ONS DNA oniimncmas Oto obs poco aca don Mr crarc aciaerann 695,417.46 $79,587,675.93 
INVESTMENT IN SHARES OF SUBSIDIARY COM- 
BENIN Pe NTE COLOR ME ss 6 dain on bio Got ae eedtio ORO a Bo orn o aac Ok 2,738,230.65 
CURRENT ASSETS, ADVANCES TO COLONOS AND 
GROWING CANE: 
Oultivations—Company Cane ....2.. 25.05 2.0.2 ene $ 2,116,026.73 
MES CORIANS TANI ASUNDDULCS mene cle ere ote ete preouek ees eee del el wate 6,861,153.14 
Advances to Colonos less Reserve for Doubtful Ac- 
COUNES M cise cheers ei eyorn ele cisicis « cgtimasveyes stele steera co eves iactie 7,597,947.11 
Advances to Stores and Sundry Advances......... 121,872.36 
Molasses on Hand at Net Contract Prices......... 105,649.46 
Accounts) and! Bills Receivables cic c.c civ, cisiveleretos is se 2,687,589.08 
Cash in Banks and on Hand: 
Im New COL wee a cminiocte olaehalus $20,078,579.31 
Im: Cubs sas scot eaten ier 250,170.06 20,328,749.37  39,618,987.25 
CASH AND BONDS DEPOSITED FOR REDEMPTION OF LIENS 
AND CENSOS ON PROPERDTIHS—per Contra.................-- 566,643.05 
DEFERRED CHARGES: 
Insurance, Rents, Taxes, etc., Paid in advance...... $ 421,225.45 
Discount and Expenses in connection with Issue of 
Ten Year 7% Convertible Debenture Bonds Due 
1930, less Proportion written off............... 1,148,908.00 1,570,133.45 
$124,081,670.33 
