THE CUBA REVIEW 29 
LIABILITIES 
DECLARED CAPITAL: 
ANSMer last Balance Seb sso aw + erates vciess es @lereiave ave $52,500,000.00 
Represented by 500,000 Shares of 7% Cumulative 
Convertible Preferred Stock, par value $100.00 
each, and 500,000 Shares Common Stock without 
nominal or par value. 
ANGE 
Amount transferred from Surplus in connection with 
the authorization of 416,667 additional Common 
Shares without nominal or par value, such 
shares being reserved for the conversion of ~ 
$25,000,000.00 of the Corporation’s Convertible 
WEhentUurew BOM Sirrekere cee aces cite mee chee tn ee 2,083,335.00 $54,583,335.00 
TEN YEAR 7% CONVERTIBLE DEBENTURE BONDS, DUE 1930: 
Convertible into Common Stock at a price not exceeding $60.00 per 
share, in accordance with the terms of an indenture dated 
SATU Un Varel MAL AVMarale taratewa, Sree cai teriat sect sited cesta reeviahie vo las oe sos exsilea tases nheeg 25,000,000.00 
SHORT TERM DRAFTS OUTSTANDING............ $ 2,457,482.S9 
ACCOUNTS PAYABLE AND ACCRUED CHARGES... 3,890,329.00 
ACCRUED INTEREST 7% CONVERTIBLE DEBEN- 
STATUE RSE ALS CINGIB) Sic s Ss cyiadlecers ra) b/s cans aid ese eae ecxa eee eytaiee 437,500.00 
PREFERRED DIVIDEND NO. 19 (Payable October 1, 
TISEAL)) o Giets oS ED Oe OCS I AONE Aiea icra $75,000.00 7,660,311.89 
LIENS ON PROPERTIES—Cash Deposited per Contra $ 172,736.19 
CENSOS ON PROPERTIES—Cash and Bonds Deposited 
MDC Ta © OUTTA ay se rp wakcl sue Soe Sue pavtel e nave oie Gee lasetavovske i wie eee eels 393,906.86 566,643.05 
RESERVES: 
MPaKes and CONtIMECNCIES. S25. 20 or ores siete cis ao stele cree $ 2,022,194.74. 
BV STOTE CHAGLOMS bays soles Se ietoes le cues a celsrney Mteleie Bie se eea era ome 10,000,000.00  12,022,194.74 
DEFERRED LIABILITIES: 
Balances in Respect of Purchases of Lands...................... 776,083.61 
SURPLUS ACCOUNT: 
DES NET CO mene ores a an. ubnba pba una A Le Cenc ety pte eas | eal akiaeeae 23,473,102.04 
$124,081,670.33 
PROFIT AND LOSS ACCOUNT AS OF SEPTEMBER 30, 1920 
Operating Profit for Year Ended September 30, 1920.................. 22,249,020.30 
Less: 
Interest, Discount and Exchange.................. $2,156,584.29 
Reserve for Taxes, ete, Including Income Tax, 
emitted Statesvam du @ UW ai saicscctere «re cle saters ctetetere= 4,248,301.48 
Reserve for Depreciation ..................--220-- 3,900,000.00 9,904,885.77 
Balance, being Net Profit for the Year Carried to Surplus Account..... $12,344,134.53 
SURPLUS ACCOUNT AS OF SEPTEMBER 30, 1920 
laninCO natin) CEO Cts MONG eo es Ae eal s (aves calicire torletlosieie (eal eh vi o\ one: eer sie) evinl'e Gite lens $16,712,302.51 
Deduct : 
Amount transferred from Surplus to Declared Capital in connection 
with the authorization of 416,667 additional Common Shares 
without nominal or par value, such shares being reserved for 
the conversion of $25,000,000.00 of the Corporation’s Convertible 
IDYS Ne ONO GS aigges coo oc os deme don baueced Gd ouUD UC eaOnc 2,083,335.00 
$14,628,967.51 
