THE CUBA REVIEW 



25 



CUBAN FINANCIAL MATTERS 



GUANTANAMO SUGAR COMPANY 



Asseis: 

 Cost of Properties: 

 Real estate, cane lands, buildings, equipment 



and other permanent Investments $4,088,935.38 



Deduct — Adjustment of book value of lands 

 charged to Surplus as per resolution of 

 Board of Directors 50,851 . 18 



$4,038,08-1.20 

 Deduct — Betterments charged to Surplus: 



July 1, 1911 to June 30, 1914 $308,835.36 



Year ending June 30, 1915 116,807.71 



— ■ 425,643.07 



$3,612,441.13 

 Advances to Guantanamo Raikoad Company .... 788,198 . 23 

 7,624 Shares Guantanamo RR. Company Stock. . 1.00 



Current and Working Assets: 

 Growing crops carried over to 1915- 



16 Season $56,945.00 



Inventories: 

 Raw sugar on hand, 72,986 bags.. . $856,677 .61 



Stores and Supplies at cost 160,532 .29 



Spare parts at cost 43,029.52 



1,060,239.42 



Insurance Unexpired, etc 24,083 .46 



Sundry accts.receivaijle and advancestoColonos. . 174,855.93 

 Cash on hand and in banks (New York and Cuba) . . 290,942 . 29 



1,607,066.10 



$6,007,706.46 

 Profit and Loss Account. 

 For the year ending June 30, 1915. 



Net Profit $1,214,166.27 



Deduct: 

 Provision for depreciation of mills and equip- 

 ment and for replanting of cane 170,649.97 



Profit for year $1,043,516.30 



—BALANCE SHEET. JUNE 30. 1915 



Liahililies: 

 Capital Stock: 

 Authorized issue, 60,000 shares of 

 $50 each $3,000,000.00 



Issued 55,291 shares $2,764,550.00 



Less 5,500 shares in Treasory 275,000 . 00 



Outstanding49,791 shares of $50 each $2,489,550.00 



Stock Dividend, payable in Treas\!ry stock 247,700 .00 



Current liabilities: 



Drafts in Transit $30,000 .00 



Accounts payable 64,234 . 24 



Dividends (including $1,255 to be paid for frac- 

 tional amounts of stock dividend) 300,001 . 00 



Unexpended Funds: 

 For 1915 dead season current repairs 



and m:iintenance 860,000 . 00 



For extraordinary repairs 128,869.99 



For depreciation 588,430.27 



For depreciation of livestock 8,564.11 



For replanting 195,623.60 



394,235.24 



981,487.97 



Surplus: 



Balance at June 30, 1914 $1,566,576.84 



Add: 



Profit on operations of the year to June 30, 

 1915, as per acct. annexed. .1,043,516.30 



Deduct: 



Betterments written 

 off as per resolu- 

 tion of Board of 

 Directors $116,807.71 



Dividends Declared: 



Stock.. $247,700. 00 

 Cash. 300,001.00 



2,610,093.14 



547,701.00 



Adjustment of Book, 

 Value of Lands in 

 accordance with 

 resolution of B'rd 

 of Directors 50,851 . 18 715,359 . 



1,894,733.25 



$6,007,706.46 



EARNINGS SANTIAGO ELECTRIC LIGHT AND 

 TRACTION COMPANY 



1915 1914 



June gross $38,860 $39,099 



June net 19,088 19,622 



July gross 40,300 40,707 



July net 21,117 20,325 



First 7 months gross 268,536 267,602 



First 7 months net 129,679 132,800 



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