THE CUBA R E \ I E W 



17 



FINANCIAL MATTERS 



HAVANA COMPANY STATEMENT 



The report of the Havana Electric Railway, 

 Light and Power Company, for the year 

 ended December 31st, has just been issued 

 and is as foUows: 



Gross $5,417,054 



Net 2,927,222 



Other income 140,088 



Total income 3,067,310 



Charges and taxes 1,219,206 



Surplus 1,848,103 



*Acquu-ed surplus 856,909 



Previous surplus 294,749 



Total surplus 2,999,662 



Dividends 1,686,205 



Sinking fund reserve 92,412 



Profit and loss surplus 1,221,045 



* Excess in dividends received on stock of 

 the Havana Electric Railway Company. 



Further particulars of the j'ear's work of 

 the company will be found on page 16. 



AN IMPORTANT EXTENSION 



On the first of April the United Railways 

 extended the Marianao hne service down 

 into practically the heart of Havana, within 

 a block of Tacon Market, and it has been a 

 big success. Every Sunday and hohdaj^ 

 during the summer they will run cars du'ect 

 to Marianao Beach which service commenced 

 May 3d. Many attractions will be provided 

 at this resort tliis wear. 



From a paper read before the Manchester 

 Statistical Societj' and printed in the London 

 Statist on February 14th, last, England's 

 inve.stment in Cuba to date has been 

 $160,959,485. 



CUBA COMPANY DIVIDEND 



The Board of Directors, on April 27th, de- 

 clared a dividend of 7 per cent, for the year 

 ending June 30th, 1914, on the Common Stock 

 of the Company, paj-able to the Commom 

 Stockholders of record at the close of business 

 on June 1st, 1914, as follows: 



33^% payable on July 1st, 1914. 



3/4% payable on November 1st, 1914. 



The stock and transfer books wiU not be 

 closed. 



CUBAN TELEPHONE COMPANY'S 

 EARNINGS 



The earnings of this company continue to 

 increase and Ukewise the number of sub- 

 scribers. 



February and March figures compare as 

 f ollows : 



1913 1914 



Februarv $67,717 $88,457 



March. : 69,550 90,239 



To the end of March, 1914, the subscribers 

 using the service numbered 16,517, as com- 

 pared with 12,538 for the same date in 

 1913. 



BANK OF CANADA BUYS A BANK 



The Royal Bank of Canada aimounced 

 recently that it had purchased the British 

 Guiana Bank in the British West Indies, 

 where it ah-eadv maintains several branches. 

 The Guiana Bank has a capital of $926,520, 

 a surplus of $239,463, and total assets of 

 $3,680,396. The Royal Bank of Canada has 

 total assets of more than $180,000,000. It 

 has twenty-one branches in Cuba. 



PREVAILING PRICES FOR CUBAN SECURITIES 



(Quoted by Lawrence Turnure & Co., New York) 



Bid Asked 



Repubhc of Cuba Interior Loan 5 per cent Bonds 91 93 



Republic of Cuba Exterior Loan 5 per cent Bonds of 1944 99^ 1003^ 



Republic of Cuba Exterior Loan 5 per cent Bonds of 1949 98 98J<£ 



Republic of Cuba Exterior Loan 4)4 per cent Bonds 92 95 



Havana Citj' first ^lortgage 6 per cent Bonds 102 107 



Havana City Second Mortgage 6 per cent Bonds 97 102 



Cuba R. R. First ^Mortgage 5 per cent Bonds 98 101 



CubaR. R. Preferred Stock 98 100 



Cuba Company 6 per cent Debenture Bonds 95 100 



Cuba Company 7 per cent Cumulative Preferred Stock 103 110 



Havana Electric Railwaj" Consohdated Mortgage 5 per cent Bonds 91 92 



Havana Electric Railway Light and Power Co. Preferred Stock 85 93 



Havana Electric Railwaj- Light and Power Co. Common Stock 75 82 



^latanzas Market Place S per cent Participation Certificates 100 103 



Cuban-^Ajnerican Sugar Company Collateral Trust 6 per cent Bonds 92 93 



Cuban- American Sugar Company Preferred Stock 75 80 



Cuban- American Sugar Company Common Stock 18 22 



Santiago Electric Light and Traction First Mortgage 6 per cent Bonds 9834 98^ 



.\11 prices of bonds quoted on an "and interest basis." 



