24 T H E C U B A 11 E V I 1^ \V 



Car Trust Bonds: 



Series 1 $1 lo,()()().0() 



Series 2 15,000.00 130,000.00 



Two-Year Redeema])le Notes {G'X) due Noveinl)er, 191(1: 



Authorized S500,000.00 



In Treasury 70,500.00 429,500.00 1 .1.59,500.00 



"Current Liabilities: 



Loans and Bills Payable $75,031 .81 



Traffic and Car Service Balances Payable 232.14 



Audited Accounts and Wages Payable 30,843.48 



Miscellaneous Accounts Payable 8,012.55 



Unmatured Interest Accrued 11,682.82 125,802.80 



Unadjusted Credits : 



Taxes IS243.72 



Insurance Reserve. 1,203.24 



Accrued Depreciation — Equipment 19,004.00 



Reserve against Deferred Assets 18,497.86 38,948.82 



$7,074,251.62 



SANTA CECILIA SUGAR COMPANY 



REPORT OF OPERATIONS OF THE COMPANY 



The Gross Revenue for the year was $723,713.39. Operating charges of all kinds, includinj* 

 repairs and depreciation, aggregated $529,600.29, leaving net earnings of $194,113.10. 

 Interest on funded and other debt amounted to $69,041.10, leaving a net balance carried to, 

 surplus of $125,072.00. 



1915 1914 1913 1912 



Cane ground, Spanish tons of 2,500 llis. . . 77,922 94,757 94,492 80,975. 



Sugar output, bags of 325 lbs 60,166 81,654 77,841 62,383; 



Sugar output, pounds net weight 19,554,080 26,473,708 25,441,526 20,274,475. 



Percentage of sugar to cane 10.04 11 .20 10.73 10.03; 



Average New York polarization, degrees. . 96.33 96.10 95.66 95.28; 



Average price reahzed, c. & f., New York. $3.89 $2,054 $2.07 $2.91 



Molasses output, gallons 505,109 464,210 498,733 446,984 



Gross revenue *.$723,713.39 $554,276.09 $531,251.53 $639,315.11 



Operating expenses and other charges. . . . 381,784.64 381,213.09 386,973.51 406,271.99' 



Repairs, replacements and depreciation... 147,815.65 69,711.41 62,539.03 91,979.78 



Interest on funded and all other debt 69,041.10 73,896.54 67,265.02 67,393.57' 



.\dditions and Betterments 35,378.96 16,643.24 38,867.81 29,913.17 



♦Including, at cost, 7,294 bags' sugar unsold and in storage at Boqueron. 



As stated in the last preceding annual report, the local weather conditions during the early- 

 part of the crop season were unfavorable. Subsequent scarcity of rain gave a bad set-back to 

 the fields from which they did not recover; in consequence the cane tonnage was greatly cur-- 

 tailed. Furthermore, unseasonable rains just before and during the grinding season, which 

 prevailed over the Island generally, delayed grinding, reduced the juice purity and sucrose 

 content of the cane and consequently the yield of sugar therefrom. Nevertheless, by reason 

 of high prices realized for the output, the profit from the year's operations permitted a sub-=. 



