14 



THE CUBA REVIEW. 



THE TREASURY OF CUBA. 



Official Report of the Secretary of the Treasury, Showing Condition on 



October 31. 1909. 



ASSETS. 



General Treasury. 

 Cash on hand. . .'.$859,466.90 

 Deposited with the 



Banco Nacional 



(cash) 115,770.57 



Deposited with the 



Royal Bank of 



Canada (cash) . 160,000.00 



Collections : 



Cash on hand . 

 Public Ta.xes : 



Balance against 



this acc't. 



$1,135,237.47 



92.503.06 



6,828.536.12 



Total $8,056,276.65 



LIABILITIES. 



Advance orders in transit.... $56,716.45 



Postal money orders 396,715.43 



Debts pending 20,316.24 



Honorary consuls 1,221.25 



Taxes on the loans 1,028,941.45 



On deposit for the loa-. 1st 50% 270,169.92 

 Balance due to the Army of 



Liberation, 2d half 353,939.32 



Epidemic diseases 59,483.02 



Individual contracts 105,709.87 



Special Laws of 1906 1,285,048.58 



Special Laws of 1909 1,129,417.10 



Decrees of the Provisional 



Governor 2,421,991.13 



Alaintenance of detained im- 

 migrants ■ 3,135.23 



Sewering and pavins^ of the 



City of Havana . . T 592,306.86 



National Lottery 331,164.80 



Total $8,056,276.65 



Railroad Construction and Extensions. 



In four of the six provinces, Pinar del 

 Rio, Santa Clara, Camaguey, and Oriente, 

 active operations in railroad building are 

 going on. 



In Oriente province the Cuba Co. and 

 the Cuba Eastern are laying rails across 

 hitherto disconnected sections. Residents 

 along the latter line will scon be able to go 

 direct to Santiago without change or trans- 

 fer, if arrangements can be made with the 

 Cuba Co. 



A railroad subsidy was asked for a line 

 which leaves Cienfuentes, Santa Clara prov- 

 ince, through San Diego del Valle to the 

 lines of either the Cuban Central or United 

 Railways at Esperanza. The bill was sent 

 to the Committee on Public Works. 



The new work in Santa Clara province 

 consists of an extension south from Pla- 

 cetas del Sur to Trinidad and Casilda, its 

 seaport. This branch is about half done 

 and runs between and parallel to the Sancti 

 Spiritus and the Cienfuegos branches. 



An important short line is that from 

 Mayari to Felton to connect with the 

 plant of the Spanish-American Iron Co. 



Practically three whole villages are formed 

 by the company and its workmen and fami- 

 lies and five millions of dollars are in- 

 vested in the mammoth plant, with its load- 

 ing apparatus, ore roasting system and other 

 equipment. 



Report of the Nipe Bay Co. 



The Xipe Bay Co. has issued its an- 

 nual report, for the year ending Septem- 

 ber 30, 1909. The income account com- 

 pares as follows: 



1909 1908 Changes 



Net earnings. .*$446, 921 t$39,637 Inc. $486,558 

 Charges 422,782 337,897 Inc. 84,885 



Surplus $24,139 t$377.533 Inc. $401,672 



*.A.fter deducting $42,140 expended for better- 

 ments. 

 tDeficit. 



The general balance sheet as of Sep- 

 tember 30, 1909, compares as follows: 



ASSETS. 



1909 1908 



Property equipment, etc.$i 1,336,566 $10,881,709 



Cash 19,171 19.740 



Accounts receivable 52,897 391083 



Sugar and molasses 



stocks 20,833 i5>4o6 



Trustee fund for payment 



of three year notes, due 



June I, 1909 5,000 



Profit and loss deficit... 830,966 610,105 



Total $12,265,433 $11,566,044 



LIABILITIES. 



Common stock $3,502,500 $3,502,500 



Preferred stock 2,000,000 2,000,000 



Five year first mortgage 



6% notes 3,500,000 



Three year 6% notes.... 5, 000 2,750,000 



Ten year 6% debentures. 1,600,000 1,600,000 



Floating debt 1,512,594 1,532.216 



Accounts payable 29,631 50,166 



Drafts .....' 11,713 9. 654 



Audited vouchers 31.328 



L'npaid coupons i,995 3, 180 



Interest accrued 102,000 87,000 



Total $12,265,433 $11,566,044 



