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14 THE CUBA REVILYA 
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Wor.p’s CHAMPIONSHIP CHESS TOURNAMENT Hep in Havana: As a result of a 
series of matches which have just been concluded between Dr. Emanuel Lasker, of Ger- 
many, for many years the world’s champion chess player, and Raul Capablanca, the 
young Cuban player, the latter is now the acknowledged chess champion of the world 
by reason of his winning four and securing a draw out of fourteen games played. A bill 
has been introduced in the House of Representatives to provide Sr. Capablanca a pension 
of $4,500 per year for his accomplishment in the winning of the world’s championship. 
WIRELESS TELEPHONE SERVICE IN CuBA: By a recent decree signed by President 
Menocal, Cuba has shown her interest in the application to public utility of recent scien- 
tific discoveries, in which a concession has been granted to the Insular Radio Telephone 
Co. to install a wireless telephone service throughout the Republic. The company is 
given a period of five years in which to get the service into operation and will be allowed 
three-quarters of a cent per kilometer for three minutes of service. This, however, is but 
a provisional rate and may be increased or lowered when the entire cost of the system is 
ascertained. 
PRESIDENT STEINHART TO PLAceE Data Berore U. 8. Lecistarure: President 
Frank Steinhart of the American Chamber of Commerce of Cuba, left Havana the latter 
part of April for the United States. During his stay there he will place data before various 
senators to prove the harm that would result to Cuba should the proposed duty contem- 
plated by the Fordney Emergency Tariff Law be enacted. Mr. Steinhart is well qualified 
to speak on this subject and has the backing of the Chamber of Commerce in his appeal. 
Rep Cross Sociery HAs NEw Buitpina: The Cuban Branch of the Interna- 
tional Red Cross Society recently moved into its beautiful new building, which is one of 
the most pretentious edifices in the City of Havana. The ceremony consisted of a re- 
ception to the President of the Republic and addresses by many prominent officials, 
including General Varona, President of the Cuban Chapter of the Red Cross Society, 
who spoke upon the contemplated work of the society throughout the Island. 
Cuba Cane Sugar Corporation 
According to information taken from 
the Bulletin of the Pan American Union, 
the Cuba Cane Sugar Corporation has 
asked for a branch of the customs service 
to be extended to the subport of Palo 
Alto in the port district of Jucaro, pleading 
the necessity of such service to relieve the 
base harbor of unloading and loading 
vessels bound to and from foreign ports. 
In decree 166, February 5, an insertion 
states that inasmuch as the Cuba Cane 
Company agrees to furnish a suitable place 
for the storage of merchandise subject 
to taxation, and inasmuch as the Cuba 
Cane Company is willing to pay the 
salaries of the customs officials, the 
Government has agreed to equip the sub- 
port of Palo Alto for the entrance and 
clearance of national or foreign vessels, 
whether from overseas or the coastwise 
trade, and for the loading and unloading 
of general merchandise, either import or ex- 
port. It also authorizes the administrator 
of customs of Jucaro to act as delegate 
administrator to handle all the documents 
necessary to the loading and unloading 
of shipping, and to handle all the customs 
collections for which this administrator is 
responsible. 
Cuban-American Sugar Co. 
At the special meeting of the Cuban- 
American Sugar Co. stockholders unani- 
mously approved the issue of $10,000,000 
first mortgage collateral 8% bonds. 
It was brought out at the special meeting 
that the National City Co. bought the 
$10,000,000 bonds at 95. Officials of the 
company believe that on the basis of 
5-cent sugar prices the present $4 a share 
on the common stock will be more than 
earned. Although production to date 
of the Cuban-American Co. is less than 
50% of the amount up to the same date 
last year, it is believed that the final 
outturn of the crop will be as large or 
larger than in the 1919-1920 season. 
