28 THECUBAREVIEW 



LIABILITIES— Continued -— — -Sept. 30, 1922 , . Sept. 30, 1921- 



First ^Mortgage Bonds of Violet 

 Sugar Company payable in an- 

 nual installments to' 1935 736,000 . 00 793,000 . 00 



35,736,000.00 = 25,793,000.00 



mortg.\ges .\nd deferred ixst.\ll- 



mexts on l.\xd purch.ases . . . 637,637.66 1,158,493.82 



Current Li.a.bilities : 



Notes Payable due September 30, 

 1923, to which the 8% Deben- 

 ture Bonds of Cuba Cane Sugar 

 Corporation are subordinated. . $7,500,000.00 

 Loans against Sugars and Other 



Collateral 828,400.000.00 



Trade Bills and Notes Payable . . . 277,772 . 50 5-17.473 . 78 



Accounts Payable and Accrued 



Charges...' 1,879,638.74 5.865.995.19 



Accrued Interest on Bonds 556,757.76 452,497.21 



10,214,169.00 35,265,966.18 



Liens on Properties, Cash Depos- 

 ited, per Contr.a. $151,423.69 $165,486.19 



Censos ox Properties, C.a.sh De- 

 posited, per Contr.\ 372,826.86 372,826.86 



524,250.55 538,313.05 



Reser\'ES: 



Depreciation $13,500,000.00 $11,750,000.00 



Taxes 3,106.51 5,750.00 



Adjustment — Value of Unsold 3,848,723.52 



Sugar 13,503,106.51 15,604,473.52 



Surplus Account: 

 Balance 3,757,209.14 2,750,479.64 



$118,955,707.86 $135,694,061 21 



Note. — Dividends on the Cumulatiye Conyertible Preferred Stock have been declared and 

 paid to April 1, 1921. 



CONSOLIDATED PROFIT AND LOSS ACCOUNT 

 for the ye.\r ended SEPTEMBER 30th, 1922 



Oper.atixg Profit for Ye.a.r $3,599,490.99 



Deduct: 



Interest on Ten Year Conyertible Debenture Bonds $1,969,331 .25 



Interest on Fifteen Year (Closed) ^Mortgage Sinking Fund Gold 



Bonds 11,630.97 



Interest on Bank Loans and Miscellaneous Interest, Discount 



and E.xchange 1,546,753.34 



Taxes paid during year 43,556.48 



3,571,272.04 

 B.AL.ANCE, Net Profit for Ye.\r, Carried to Consolid.ated Surplus Account. . $28,218.95 



CONSOLIDATED SURPLUS ACCOUNT 



.\S at SEPTEMBER 30, 1922 



Bal.ance AT October 1, 1922. $2,750,479.64 



Add: 



Net Profit for year, as per Profit and Loss Account 28,218.95 



Add: 



Balance of Reserves in respect of Materials and Supplies on 



hand, and for Customs Duties, September 30, 1921, no longer 



required. .. $672,183.89 



Sugar Realizations in excess of Net Balance Sheet, valuation 



thereof as at September 30, 1921 2,375,936. 18 



Balance of Reserve for Liquidation of Crop 1920-21 no longer 



required 180,390.48 



$3,228,510.55 



$2,778,698.59 



