28 



THE CUBA REVIEW 



CONDENSED PROFIT AND LOSS ACCOUNT FOR THE YEAR 

 ENDING DECEMBER 31, 1914 



Gross earnings from operation $5,396,713.78 



Operating Expenses and Taxes 2,595,321 .59 



Net Earnings from ojieration $2,801,392. 19 



First Charges: 



Interest 1,094,139.97 



Net Profits from operation $1,707,252 . 22 



Miscellaneous Income : 



Interest on Deposits, Rents, Exchange and other niiscelkineous income. . 102,119. IS 



Net Profits from Operation and miscellaneous income $1,809,371 .40 



Surplus as at January 1, 1914 1,313,457.38 



$3,122,828.78. 

 Dividends Paid : 



On Preferred Shares: 



3% May 16, 1914 on $14,999,927 $449,997.81 



3% Nov. 14, 1914, on $14,999,977 449,999.31 



— ^— $899,997 . 12 



On Common Shares: 



2}4% May 16, 1914, on $14,948,721 $373,718.03 



23^% Nov. 14, 1914, on $14,948,646 373,716 .15 



■ $747,434. la 



$1,647,431. 3a 



Surplus carried to Balance Sheet $1,475,397.48 



Profit and Loass Accoimt — -Balance $1,291,556.82 



Profits applied in the redemption of Consolidated Mtge. 



Bonds of Havana Electric Ry. Co 87,000 . 00 



Sinking Fund Reserve 96,840.66 



■ $1,475,397.48 



CALENDARS AND LITHOGRAPHIC GOODS 

 FOR CUBA 

 {Consular Agent Dean R. Wood, Nuevitas) 



There is apparently a good ojiportunity in 

 Cuba for American manufacturers of calen- 

 dars and lithographic goods. Many of the 

 merchants in Cuba are in the habit at the be- 

 ginning of the year of distribiiting calendars 

 among their customers and friends. On ac- 

 count of partial suspension of trade with 

 Europe there has been a scarcity of calendars 

 in Cuba this year. Calendars, lithographic 

 goods and maps are imported into Cuba to 

 the value of about $160,000 in the course of a 

 year, coming from Germany, France, Bel- 

 gium and S^vitzerland. Only about 7 per 

 cent of the total is imported from the United 

 States. The German goods are manufac- 

 tured of embossed cardboard and are gaudy 

 in color. They cannot compare with the 

 beautiful Uthographic articles generally used 

 for calendars in the United States. Most of 

 the calendars used in Cuba are daily with a 

 leaflet to be torn off every day, but the 

 monthly calendars such as are manufactured 

 and used in the United States would be accept- 

 able. Calendars for Cuba should be in 

 Spanish. 



NUEVITAS 



The Electric Co. at this place will begin 

 the installation of a modern telephone system 

 at an early date. At present there is no 

 telephone service for local use except a few 

 private wires connecting the Custom Hou.se 

 with shipping offices which was installed 

 at their own expense. 



NUEVITAS 



A company has been formed to clear the 

 land at Santa Lucia and San Miguel along 

 Nuevitas Bay and make charcoal for the 

 Cuban market. It is reported the company 

 has a deal on for three schooners of 200 tons 

 to carry the charcoal to Havana and return 

 with necessities. They have also arranged for 

 a daily service between the shore and Nuevitas 

 by gasoUne launch. 



It is also understood that they have con- 

 tracted to bring 300 German families to this 

 property early in the summer to locate and 

 build homes. 



EXPORT COTTON PIECE GOODS— GREAT 

 BRITAIN TO CUBA 



1913 55,497,400 vards 



1914 38,696,100 yards 



