30 THECUBAREVIEW 



Liabilities. 



Capital stock $90,000,000.00 



Sundry reserves: 



For fire insurance $8,000,000.00 



P'or improvement of plants 1,034,399.73 



For pension fund 800,000.00 



For contingencies 654,401.84 10,488,801.57 



Accounts and loans payable 3,894,895.45 



Dividends declared, including that payable January 2, 1915, and former div- 

 idends unclaimed .' 1,594,926.00 



Surplus : 



Balance, December 31, 1913 $18,229,425.02 



Less amount transferred in 1914 from profit and loss ac- 

 count 1.198,630.56 17,030,794.46 



Total $123,009,417.48 



PROFIT AND LOSS ACCOUNT FOR THE YEAR 1914 



Credits. 



Profit from operations $2,714,623.00 



Additional profit from operations of former years. 17,214.93 



Balance of former reservations remaining after adjustment 59,212.14 



Interest on loans and deposits 934,330.45 



Income from investments 1,627,650.31 



Net profit realized from investments 786,359.13 



Total $6,139,389.96 



Add amount of appropriations for improvements of plants expended in new 

 construction during 1914 and offset in depreciation on plant and equip- 

 ment below 707,178.50 



Total $6,846,568.46 



Debits. 



Depreciation on plant and equipment $821,112.63 



Appropriations as follows: 



For improvement of plants $718,283.54 



For contingencies 205,830.85 924,114.39 



Dividends declared during 1914 6,299,972.00 



8.045,199.02 



Amount deducted from surplus of former years $1,189,630.56 



CUBAN-AMERICAN SUGAR COMPANY ELECTRIC LIGHT PLANT AUTHORIZED 



There has been set aside the sum of $34,535, Senores Maristany and Estrada have been 



equal to 25% of the total divideneV declared granted permission by the Cuban Government 



on the preferred capital stock, for the sinking to install an electric light plant at Campo, 



fund. On April 1 the Central Trust Co. of Florido, Havana Provmce; Senores Polio and 



New York, the trustee, w ill apply this sum for Herrera have been authorized to install a simi- 



the purchase in the open market of ten-year lar plant at Coliseo, Matanzas Province; and 



SIX per cent collateral trust gold bonds at not Senor Cuesta has been authorized to mstall a 



exceeding 105 per cent and interest. similar plant at Arroyos de Mantua, Pinar del 



Rio Province. In each of these cases it is 



. . specified that the concession will be void if 



each plant is not in working order within one 



NEW SUGAR CENTRAL year. 



A new sugar central, to be known^as La COTTON DUCK IN CUBA 

 Guasimal, is rapidly approaching completion 



at Sancti Spiritus, and is expected to begin Owing to the conditions in Europe, the de- 

 grinding in a short time. mand for cotton duck in Cuba has increased. 



