16 THE CUBA REVIEW 



CUBAN AMERICAN SUGAR REPORT 



NET PROFIT FOR YEAR $2,705,723, COMPARED WITH $356,288— SURPLUS 

 $2,153,157, AGAINST $195,678 DEFICIT 



The Cuban-American Sugar Co. has issued its pamphlet report for the year ended Sept. 

 30, 1914. The income account compares as follows: 



1914 1913 1912 1911 



Sales and miscellaneous income $15,560,097 $16,161,213 $17,242,191 $13,397,645 



Operating Expenses 11,113,386 14,120,103 14,851,470 13,854,820 



Net Income 



Interest, discounts, etc 



Net profit 



Preferred dividends . 



Surpkis 



Previous surplus 



Miscellaneous credits . 



Total surplus . . 

 Miscellaneous debits 



P and L Surplus 3,894,157 1,730,141 1,918,711 1,771,532 



♦Deficit. tBonds Canceled. JSinking fund. 



ASSETS 



Property, plant and fixtures $24,354,174 



Goodwill 3,929,340 



Securities in hands of trustees 3,100 



Work animals, live stock and equipment 700,915 



Current assets and growing cane 6,036,228 



Cash in banks and on hand 754,784 



Deferred charges to operations 374,026 



Total $36,152,568 



LIABILITIES 



Capital Stock: 



Common $7,135,600 



Preferred Stock 7,893,800 



Common Stock of Colonial Sugars Company in hands of the public 3,100 



Collateral trust bonds outstanding 9,295,000 



Real estate mortgages and oensos (Cuban) 469,114 



Current Liabilities: 



Bills Payable 2,323,902 



Bankers' Loans 1,291,913 



Accounts Payable 601,691 



Salaries and Wages Accrued 25,836 



Interest Accrued 294,332 



Dividends declared on Preferred Stock for tares months to Sept. 39, 1913.. 138,141 



Sinking Fund for Redemption of Bonds ^34,535 



Reserve for Depreciation 2,751,444 



Surplus per Annexed Statement 3,894,157 



$36,152,568 



The aggregate production of raw sugar for the vear on the company's estates reached a 

 total of 1,654,658 bags (264,745 tons) as against 1,363,292 bags (218,127 tons) in the previous 

 year. 



In detail, the annual production of raw and refined sugar for the past two years has been 

 as follows : 



Raw Sugar Production 



(Bags 320 lbs.) 1913-14 1912-13 



Chaparra , 616,179 bags 475,373 bags 



