26 



THE CUBA R E V I E \V 



PLANTATION CARS ?SE^%VsTo\^skrE 



No. 1100-F (Palabra de clave ZPUBT) 



Este Vagon-Cisterna es particularmente conveniente para transporte de melaza. 



Construimos vagones-cisterna para transporte de aceites y en general casi todos los liquidos con 

 capacidades desde 4000 hasta 12,500 galones y con trucks de una capacidad de carga de 30, 40 6 50 

 toneladas. 



Nuestras talleres para la construccion de vagones-cisterna son las mds grandes del mundo y han sido 

 establecidas desde hace 35 anos. 



AMERICAN CAR & FOUNDRY EXPORT CO., NEW YORK, E. U. A. 



Direccion telegrdfica: CAREX, New-York, E. U. A. 

 Produccion annual de mas de 100,000 carros. 

 Representante para Cuba: OSCAR B. CINTAS Oficios 29-31, Havana. 



estate. The consideration for such hcense 

 was agreed at £40,000, but was subsequently 

 reduced to £34,500. In November, 1910, the 

 Exploration Company owed the Oil Company 

 £14,000 odd for unpaid calls, and as security 

 for the debt they were given charges on the 

 property and unpaid calls, and a right for 

 three months to "put" upon the Exoloration 

 Company 180,000 shares of the Oil Company 

 for £18,000, with 5% interest. There was 

 an issue of 1,000,000 20% prof it-sharing bonds 

 of 2s. each. Foreclosure proceedings were 

 instituted by the Oil Company; in May, 1913, 

 the latter purchased the property for £28,- 

 000, which was insufficient to pay off the 

 charges, and in the following month Mr. 

 Howard Gysin was appointed receiver on 

 behalf of the Oil Trust. 



At the date of the winding-up order three 

 actions were pending, and he (the Official 

 Receiver) found two opposite camps, who 

 were more intent upon litigation with each 

 other than in developing what undoubtedly 

 was a valuable property. Negotiations had 

 since proceeded with a view to an amicable 

 settlement, and as a result it had been pro- 

 posed that the Oil Trust should take over the 

 properties, and, in return, provide sufficent 

 funds to pay to the creditors 5s in the £ in 

 cash, and 5s. in the £ in shares of a new com- 

 pany to be formed with a capital of £150,000. 

 It was further proposed to set aside £50,000 

 of that amount as working capital, and to de- 

 vote a fourth of the balance for the benefit of 



the creditors and the preference shareholders 

 of this company, who would accept shares at 

 the rate of 5s. in the £ for each £1 share held 

 in the old company. 



The creditors and shareholders had a meet- 

 ing in London, Dec. 8th, and unanimously 

 agreed to leave the liquidation in the hands 

 of the official receiver. 



It was reported at the meeting that accounts 

 had been filed showing total liabilities £78,- 

 942, of which £29,337 was expected to rank 

 against free assets valued at £6,297. The 

 deficiency as regarded shareholders was re- 

 turned at £385,759, and vras chiefly ac- 

 counted for by a sum of £302,153 written off 

 for depreciation in the value of the company's 

 property in Cuba. — London Post. 



CUBAN BOND CERTIFICATES READY 



J. P. Morgan & Co. announced on Novem- 

 ber 21, that they were prepared to deliver 

 Republic of Cuba external debt 5% gold 

 bonds of 1914 in exchange for temporary cer- 

 tificates upon presentation of said certificates 

 at their office, New York Cit}'. 



The Confluente Sugar Co. has one new 

 20 ton locomotive and 50 cane cars for use 

 on the narrow gauge railway owned by that 

 company and operated in connection with its 

 factory at Guantanamo, Oriente Province. 



