THE CUBA REVIEW 33 
Illustrating How Truck Is Withdrawn From, or Spotted Under, the Thomas Cane Body. 
the truck is operating on soft ground, the regular rubber tires coming into use when 
fraveling on stone roads; thus speed is not sacrificed and no change of rim is required. 
During the off season, the trucks may be employed in any kind of ordinary work. 
The expense of moving 100 arrobas one kilometer with a two-ton outfit will not 
exceed 30 cents. and with a five-ton outfit the expense is given as less than 25 cents. 
Loading and unloading is effected in exactly the same manner as with ox carts. 
SUGAR FINANCING & EXPORT COMPANY 
A banking syndicate headed by the 
Guaranty Trust Company of New York, 
the National City Bank and the Royal 
Bank of Canada has underwritten an ac- 
ceptance credit to be granted to the Sugar 
Financing and Export Company, a Cuban 
company formed by leading sugar and 
financial interests to assist Cuban grow- 
ers and manufacturers of sugar. 
The Sugar Financing and Export Com- 
pany is to have a paid-in capital of 
2,000,000, all of which has been sub- 
scribed by the Cuban Cane Sugar Cor- 
poration and the Cuban-American Sugar 
Company and their associated and sub- 
sidiary companies. 
The syndicate proposes to grant this 
company a six months’ open credit, 
drafts under which are to be secured by 
sugar stored in Independent Warehouses 
in Cuba and or in process of exporta- 
tion. The principal amount of the drafts 
at any one time outstanding will not 
aggregate in excess of $20,000,000. The 
drawings are to be on the basis of $8.00 
a bag and are not to run longer than nine- 
ty days. Bills drawn under this credit will 
be eligible for rediscount with or purchase 
by Federal Reserve Banks under the regu- 
lations of the Federal Reserve Board. 
The National City Bank, the Royal 
Bank of Canada and the Banco Mercan- 
til Americano de Cuba, acting as Trus- 
tees, on behalf of the syndicate will re 
ceive and hold for the benefit of the ac 
cepting banks the warehouse receipts and 
or shipping documents against which 
drafts are to be drawn. 
HAVANA ELECTRIC RAILWAY, LIGHT & 
POWER COMPANY 
A semi-annual dividend of $3.00 per 
share on the preferred stock and a divi- 
dend of $3.00 per share on the common 
stock will be paid on May 16, 1921, to 
stockholders of record at the close of 
business on April 20, 1921. Checks will be 
mailed. 
Stock transfer books will be closed from 
April 21st to May 19th, 1921, both inclu- 
sive. 
