26 THECUBAREVIEW 



SANTA CECILIA SUGAR COMPANYS' REPORT. 



A GREAT SUGAR COMPANY'S EARNINGS. 



The annual report of the Santa Cecilia Sugar Company, for the fiscal year ended June 30, 

 has just been issued. 



The report states that the gross revenue for the year was $554,276.09. Operatuig charges 

 of all kinds, including repairs and depreciations, aggregated $450,330.50, leaving net earnings 

 of $103,945.59. Interest on funded and other debt amounted to $73,896.54, leaving a net 

 balance carried to surplus of $30,049.05. 



Mr. M. H. Lewis, the president, sums up the general situation as follows: 



Factory operations began December 10th and finished May 17th, the ^veather throughout 

 the season having been favorable. While the tonnage of cane ground is almost identical 

 with that of 1913, the increased percentage of sugar in cane and greater factory efficiency 

 correspondingly increased the output. 



The past season established a new low record in market price, Init notwithstandmg this, 

 we have been able to make a fair addition to our surplus account. 



As to the growing crop, the weather during July and early August was generally hot and 

 dry, but subsequently the rains have been very satisfactory and the cane has made rapid 

 recovery. Normal weather during the next two months should insure a tonnage at least 

 equal to that of last year. . ,, . , , , , , 



The market for sugar during the coming season promises very well indeed, but much depends 

 upon the duration, area and final adjustment of the European war. 



The yearly activities of the estate compare as follows: 



Cane ground, Spanish tons of 2,500 lbs. . . . 



Sugar output, bags of 325 lbs 



Percentage of sugar to cane 



Average price realized, c. and f.. New York 



Molasses output, gallons 



Gross revenue .$554,276.09 $531,251.53 $639,315.11 $407,134.10 



Operating expenses and other charges 381,213.09 386,973.51 406,271.99 283,234.88 



Repairs, replacements and depreciation.... 69,711.41 62,539.04 91,979.78 77.364.10 



Interest on funded and all other debt 73,896.54 67,265.02 67,393.57 106,192.96 



Additions and betterments 16,643.24 38,867.81 29,913.17 60.264.04 



The general balance sheet on June 30th, 1914, is herewith given: 



Real estate and improvements.^10,614 acres (at purchase price and extending 

 expenses, including $1,500,000 common stock issued at par as part of 

 purchase price), improved with 3,903.48 acres of cane, with roads, Ijridges, 

 fireguards and ditches; and 1,092.96 acres of made pastures, with fences, 



corrals and water supply $2,455,021.93 



Field equipment. — Carts, harness and implements 9,755.04 



Manufacturing plant.— Factory buildings, machinery and yards; pumping and 

 electric plant; water tower and dam; machine and shop equipment; 



laboratory and fire apparatus, etc 491,365.89 



Managers' and employees' residences; laborers' quarters, office, stores, 



warehouses, stables, etc 102,554.00 



Railroad and equipment. — 16.9 kilometers narrow gauge track and sidings 



(mostly 40-lb. rail) with roUing stock 74,665.21 



Oxen, mules, horses, etc 32,030.50 



Administration office and residence 8,684.05 



Store and warehouse stocks, material and cultivation accounts 63,911.74 



Bills receivable ''^p-^'* 



Accounts receivable • 24,572.09 



Cash in banks and on hand 24,753.11 



Deferred charges 5,141.50 



Treasury stock 6,200.00 



Treasury bonds 753,000.00 



$4,052,375.10 

 Liiabilities: 



Capital stock. — Common, authorized and issued $1,500,000.00 



Preferred, authorized $1,000,000.00 



Preferred, issued 721,300.00 



