24 T H E C U B A R E V I E ^^' 



Good progress has been made on the construction of the railroad from Placetas del 8ur to 

 Casilda, and it is confidently expected that this line will be completed early in 1917, which is 

 well within contract requirements. 



Two half yearly cash dividends of 3 per cent have been declared on the common stock of 

 your Company, one of which was paid on May 1st last and the other is payable on 1st of Novem- 

 ber next. In addition, your Directors have declared two divitlends payal)le in common stock 

 out of accrued surplus. These were paid on January 3 and June 30, I'JK), respectively. 



Your Directors take this opportunity of expressing their thanks to the operating officers 

 of the Company, to whose industry and efficiency are largely due the satisfactory results, 

 obtained. 



For the Directors, 



G. H. WHIGIIAM, 



President. 



IN'COME STATEMENT FOR YEAR ENDED JUNE 30, 1010. 



Gross earnings $6, 81o, 096.81 



Operating expenses 3,298,070.31 



Net earnings $3,517,026.50 



Other Revenue: 



Income from securities owned 6,032.84 



Gross income $3,523,059.34 



Less: 



Interest on First Mortgage Bonds $601,500.00 



Interest on Improvement and Equipment Bonds 200,000.00 



Interest on Three vear 5*^^ Secured Gold Notes 93,750.00 



Interest on Car Trust Certificates 82,994.44 978,244.44 



Net Income $2,545,414.90 



Dividends : 



Preferred Stock No. 14 paid February 1, 1916 $300,000.00 



Preferred Stock No. 15 pavable August 1, 1910 300,000.00 



Common Stock No. i)aid Mav 1, 1916 300,000.00 



Common Stock No. 7 payable November 1, 1910 380,000.00 1,320,000.00 



Net surplus for year carried to Profit and Loss Account $1,225,414.90 



GENERAL B.ALANCE SHEET, JUNE 30, 1910. 



Cost of Road and Equipment $43,516,453.21 



Materials and Supplies 1,058,615.79 



Investments: 



Camaguey and Nuevitas RR. Co., Capital Stock (pledged) $2,092,700.00 

 *Marine and Industrial Company of Cuba, Capital Stock 215,805.33 



Republic of Cuba 0% Treasury Bonds 44,800.00 



— 2,953,305.33 



Current Assets: 



Cash in Banks and on Hand $1,691,572.49 



Agents and Conductors 155,949.78 



Individuals and Companies 82,603.02 



Traffic lialances 186,390.03 



The Government of Cuba 205,045.75 



2,321,621.07 



Advance Payments: 



Insurance and Taxes $15,558.54 



Deferred Debit Items 85,372.07 



— • 100,930.61 



$49,950,926.01 



*Cuban Company formed to take over the floating equipment of The Cuba Railroad Co. 

 in order to perfect titles of same. 



