20 



THE CUBA RE VI E W 



RAILROADS AND FINANCIAL. 



Report of the Cuba Company — Earnings of the United Railways of Havana, the 



Havana Electric Co., Etc. 



Cuba Railroad Annual Report. 



In the annual report of the Cuba Railroad 

 Company to June 30, 1908, the gross earn- 

 ings were reported as $2,039,467.95, the 

 operating expenses as $1,318,180.36, and the 

 net earnings as $721,287.59. The surplus was 

 $1,093,286.66. 



Sir W. C. Van Home, president of the 

 company, says in his report : 



"The year was an unfavorable one for 

 business in Cuba, owing mainly to the seri- 

 ous shortage in the sugar crop, resulting 

 from the drought of a year ago — a shortage 

 of more than five hundred thousand tons 

 as compared with the preceding crop. The 

 natural effect of this heavy loss in Cuba's 

 chief product was aggravated by the finan- 

 cial conditions which prevailed in the world 

 during the year and which added to the 

 difficulties of the planters by cutting off 

 their usual sources of money for the har- 

 vesting and handling of their crops. The 

 direct losses fell chiefly upon the western 

 and older half of the island, but all of Cuba 

 was affected by the scarcity of money and 

 the withholding of usual credits. In these 

 circumstances your directors have much 

 gratification in being able to report in- 

 creases, although small, in earnings and 

 profits. The districts served by your rail- 

 way suffered but little from last year's 

 drought and the growing crops at the pres- 

 ent time are most promising. The cultiva- 

 tion of the lands in the vicinity of the rail- 

 way is constantly extending, and the new 

 towns are growing rapidly." 



Santiago de las Vegas, in Pinar del Rio 

 province, on the line of the Western Rail- 

 ways, will have a new concrete station, 

 25 X 90 feet, soon. The railway company 

 intends to erect many more such stations, 

 and it has installed at its Cristina yards a 

 plant for making concrete blocks. 



New stations will also be built at Can- 

 dielaria and San Cristobal. 



September Havana Railways Earnings. 



United Railways of Havana and Regla 

 Warehouses, 1908-1907. 



Earnings week ending September 5 

 were £12,243, a decrease of £2,002 in 

 earnings as compared with 1907. 



Earnings week ending September 12 

 were £12,846, a decrease of £651 as 

 compared with 1907. 



Earnings week ending September 19 

 were £12,037, a decrease of £2,925 as 

 compared with 1907. 



Earnings week ending September 26 

 were £11,719, a decrease of £862 as 

 compared with 1907. 

 United Railways of Havana, 1908-1907. 



Earnings up to the week ending Sep- 

 tember 5, 1908, were £114,564, a de- 

 crease of £19,868 in the current eco- 

 nomic year of 1908-09. 



To the week ending September 12, 

 earnings were £127,410, a decrease of 

 £20,519. 



To the week ending September 19, 

 earnings were £139,447, a decrease of 

 £23,444. 



To the week ending September 26, 

 earnings were £151,166, a decrease of 

 £24,306 in the economic year. 

 Havana Electric Railroad Co., 1908-1907. 



Week ending September 6, earnings 

 were $37,600.40, an increase of $1,661.65 

 over the same week in 1907. 



Week ending September 13, earnings 

 were $36,581, an increase of $1,396,000 

 over 1907. 



Week ending September 20, earnings 

 were $34,918.20, an increase of $1,113.35 

 as compared with last year. 



Week ending September 27, earnings 

 were $33,781.70, an increase of $1,143.50 

 as compared with the same week in 

 1907. 



Total receipts to date, the earnings- 

 were $1,405,403, an increase of $92,281 

 during the fiscal year 1908-09. 



Branches of the National Bank of Cuba, fifteen in all, throughout the Island. 

 (The area of Cuba is equal to that of the State of New York.) 



