24 THECUBAREVIEW 



GUANTANAMO & WESTERN RAILROAD COMPANY 



ANNUAL REPORT AND GENERAL BALANCE SHEET— 1916 



Capital charges for tiie yeur for completed \vf)rk amounteil to $285,376.58, distrilxitcci 

 as follows: Betterments ol tracks, bridges and culverts, $32,141.04; extension of yards, 

 spurs and switches, $10,041.50; rolling stock, .'5204, SO 1.00; water tanks, $1,757.78; warehouses, 

 stations and other buildings, .$20,!)2S.75; miscellaneous improvements, $0,105.70. There 

 was e.xpended upon Avork in progress, $00,05)7.14, of which $80,350.33 was for extension of 

 line and $10,337.81 for miscellaneous improvements. 



Construction of a new branch line, approximately 7.2 miles in length, was begun in March 

 1916, the estimated cost of which was $143,500. This branch extends from Santa Cecilia 

 Sugar Estate to the estates of Romelie and San Antonio, providing transportation for those 

 mills for about 50,000 and 75,000 sacks of sugar, respectively, and securing considerable 

 general freight not heretofore carried over our line. It is believed this branch will prove a 

 profitable investment. 



Fiscal Year Ended June 30: 1010 1915 1014 



Gross operating earnings $507,731.62 $465,007.36 $465,221.04 



^Maintenance, transportation and general exp. *477,273.28 355,410.29 316,508.69 



Xet operating earnings $120,458.34 $109,681.07 $148,652.05 



Percentage of ex-penses to earnings 79.85 76.42 6S.04 



Gross earnings, per mile $7,566.22 $5,887.30 $5,888.88 



Operating exijenses, per mile 0,041.43 4,498.93 4,007.20 



Net earnings, per mile 1,524.79 1,388.37 1,881.68 



* Includes $19,089.96 depreciation on rolling stock. 



The drought which prevailed in eastern Cuba almost throughout the year curtailed 

 the normal output ot sugar cane and its manufactured product. The movement of sugar, 

 however, was 388,642 bags, or 25,542 bags more than the pevious year. 



Total freight train earnings per mile of road show an increase of 22^;^, and total passenger 

 train earnings per mile 40'. c increase over the previous j'ear. 



The railroad and equipment have been well maintained and are in good condition. The 

 new rolling stock added during the fiscal year consisted of two locomotives, forty-five steel 

 cane cars and forty-five steel box cars, all of which were in continuous service during the 

 sugar season. Arrangements have been made for acquiring under equipment lease three addi- 

 tional locomotives, thirtj'-five steel box cars, twenty-five steel cane cars, and ten steel flat 

 cars, delivery of which will probably be completed by Januarj' 1, 1017. 



The area planted to sugar cane in our territory' has been extended considerably during 

 the past two years, and crop conditions thus far in the current year have been very favorable. 

 It is therefore probable that we shall carry this year the heaviest tonnage of cane and .sugar 

 in the historj- of the road. A steady increase in miscellaneous freight and in passeger traffic i ; 

 anticipated. 



INCOME ACCOUNT. 



For Year Ended June ZO, 1016 

 Operating Income: 



Railwav Operating Revenues: 



Freight. .'. $382,211.07 



Passenger $192,436.95 



Excess baggage 2,331.25 



Mail 4,618.92 



Express 12,259.92 211,647.04 



Special train ' 818.90 



