CLD Sis Dad Wh Ai Pr | 
THE 
CUBA REVIEW... 
“ALL ABOUT CUBA” 
Copyright, 1921, by the Munson Steamship Line MAI 
VoLtumE XIX 
AUGUST, 1921 
NuMBER 9 
Cuban Government Matters 
Extraordinary Session of Congress 
The urgent necessity of enacting legisla- 
tion to normalize the nation’s affairs resulted 
ina call by President Zayas for an extraor- 
dinary session of the Cuban Congress. An 
agreement to issue enough bonds to cover 
the deficit confronting the government, 
estimated at more than $45,000,000, was 
reached at a meeting of the mixed Legis- 
lative Commission with President Zayas. 
Another measure which will be brought 
before Congress is restriction of immi- 
eration. 
Sr. José M. Cortina, Secretary of the 
Presidency, stated that the bonds to meet 
unpaid floating indebtedness would be 
issued in the form of an interior loan of 
$50,000,000 at 6%. 
It is thought that the loan will help 
retrieve the present economic crisis, but 
that the means which the government 
plans to adopt to aid the sugar industry 
will be entirely distinct from its measures 
to wipe out the deficit. 
Salient features of a report submitted 
by Sr. Sebastian Gelabert, Secretary of the 
Treasury, show that the government’s in- 
come for the fiscal year 1921-1922 will not 
exceed $66,990,000 and that reduction in 
the budgets of every department will be 
necessary. 
The Secretary is quoted as having said 
that his investigations already had shown 
a deficit, compared with the former admin- 
istration, of $36,000,000, with the proba- 
bility that it would be increased by $10,- 
000,000. That it is President Zayas’ in- 
tention to bend his efforts toward the 
lowering of the government’s expenses is 
shown by the issuance of a decree com- 
bining a number of tax collecting offices 
with more important ones in nearby cities, 
thus saving the expenses incurred in the 
maintenance of the offices annulled. It is 
estimated that the saving thus effected will 
amount to nearly $500,000 per year. En- 
listments in the navy have also been 
stopped, and a considerable reduction in the 
cost of this branch of the national service 
and in that of the army is anticipated. 
Sugar Legislation 
Purchase by the Cuban Government of 
1,000,000 tons of sugar and its withdrawal 
from the market was agreed to at a con- 
ference between Cuban sugar magnates, 
President Zayas and Secretary of the 
Presidency, José A. Cortina. 
The amount of sugar on hand in Cuba is 
estimated at 2,000,000 tons. 
The purchase will be effected through a 
loan, which will be guaranteed by the sugar 
itself, and a special tax on the manufacture 
of sugar. From information received by 
leading sugar interests, the Cuban Govern- 
ment will not withhold the sugars which 
may be purchased indefinitely from the 
market, but will defer sale of them long 
enough to permit the rest of the crop to be 
disposed of. It is planned to spread the 
marketing of 1,000,000 tons over a con- 
siderable period. 
