34 THE CUBA REVIEW 
SUGAR REVIEW 
Specially written for The Cuba Review by Willett & Gray, New York, N. Y. 
We wrote you last on February 28, 1921, since which date the Cuban Sugar 
Finance Committee has continued to function, and having sold their full value quantity 
offered of 100,000 tons Cuban raws on the 5c ¢. & f. basis, followed with an announce- 
ment of a new price of 54¢ c. & f. basis, which announcement had the effect of 
stimulating the demand for sugars materially, and quite heavy sales have been made 
of sugars, particularly those outside of the control, Porto Rico, Philippines, full 
duty, ete. 
The following pro-forma contract for sales of Cuban sugars no doubt will be of 
interest to your readers: 
PRO-FORMA OF RAW SUGAR CONTRACT 
Employed by the Sugar Finance Committee to Cover Sales of Cuban Sugar, 
Cost and Freight 
SuGAR FINANCE COMMITTEE Contract No. 
HAVANA, CUBA 110 Wall Street 
NEw YORK, 
BET alee a et cick la fe reia ayrtch oie oce.ss eine LOG 
SeLLeER.—Sugar Finance Committee, a Commission duly constituted and appointed 
by Presidential Decree No. 155 of the Republic of Cuba, dated Havana, Cuba, February 
11, 1921, and by virtue of the powers therein contained, has this day sold to you for 
account of its principal in Cuba, who will be named to you on or before declaration 
of steamer. 
QUANTITY.—TI'wo THOUSAND FivE HuNDRED........(2,500)........ Tons (of 272405 
pounds net each) of CUBA CENTRIFUGAL SuGAR, fair average quality of the Crop of 
1920-21. Delivery of five per cent. more or less than this amount to be settled for at 
the market price of like sugars on day of arrival. 
SHIPMENT.—Shipment to be made First half of March by steamer or steamers, 
to be named as soon as possible for the port of 
Prick.—AT A PRIcE oF Four AND THREE-QUARTER (434¢) CENTS per pound, Cost 
AND FREIGHT, basis 96°, average outturn polarization. 
POLARIZATION ALLOWANCES.—SETTLEMENT to be made on the accepted average 
polarization with allowance of .09¢ per pound for each degree above the selling basis 
up to 97° and .045¢ per pound from 97° to 98° or .09c per pound for each degree below 
the selling basis down to 91°. Fractions in proportion. No sugars to be delivered 
below 91°, unless on account terms mutually satisfactory to consignee and seller. 
WerIGuTs.—Ner LANDED WEIGHTS and outturn polarization at port of discharge. 
UsuaL Conpitions of sampling and polarizing. ; 
DELIVERY.—SvuGar to be delivered at a customary safe wharf or refinery as directed 
by the buyer. : 
Force Majseurre.—Should delivery in whole or in part be prevented or delayed by 
any cause of Force Majeure, War, Strikes, Rebellion, Political disturbances, Civil 
commotion, Regulations or Restrictions imposed by any Government or Governmental 
Agency, Fire or any other cause beyond Seller’s control, Seller shall advise Buyer of 
such fact and of quantities thereof, and the latter shall have the option of cancelling 
the contract for the quantities so prevented or delayed, and in the event of not 
immediately exercising such option, shall take the sugar at contract price as soon as 
it can be delivered. 
PAYMENT.—The Seller to draw on the Buyer by ten days sight draft with shipping 
documents attached for 95% of the basic price established by the Sugar Finance 
Committee, which basic price will be named to the Buyer by the Committee on 
declaration of steamer. The Seller also to draw on the Buyer in favor of said Sugar 
Finance Committee by like draft, for the difference between 95% of the said basic 
. 
