THE CUBA REVIEW 33 



ASSETS — -Continued 

 Deferred Debit Items: 



Expenditures on account of damages due to the revolution. . . $535,973.28 



Insurance premiums — Unexpired portion 51,090.34 



Unamortized discount on sale of bonds and notes 1,171,652.82 



Other 5,635.84 



Total deferred debit items 1,764,352.28 



Total $73,254,482.68 



LIABILITIES 



Preferred Capital Stock— 100,000 Shares at $100.00 Each $10,000,000.00 



Common Capital Stock— 158,000 Shares at $100.00 Each 15,800,000.00 



Funded Debt: 



First mortgage, 5% bonds, due July 1, 1952. . $13,262,000.00 



Less held in treasury 92,000.00 



$13,170,000.00 



Improvement and Equipment Mortgage 5% 



Bonds, due May 1, 1960. $7,957,000.00 



Less pledged as collateral to First Lien and 



Refunding Mortgage Bonds 3,957,000.00 



4,000,000.00 



First Lien and Refunding Mortgage 73^% Bonds, due December 



1, 1936 4,000,000.00 



Equipment Trust obligations: 



Certificates of 1914 172,000.00 



Certificates of 1915 165,000.00 



Certificates of December, 1915 280,000.00 



Certificates of 1916 877,000.00 



Certificates of 1920 1,356,000.00 



Second certificates of 1920 1,140,000.00 



Total funded debt 25,160,000.00 



Sinclair Cuba Oil Company — Equipment Conversion Contract 1,010,871.73 



Camaguey and Nuevitas Railroad 3,666,121.43 



Current Liabilities : 



Notes payable ?>424,180.13 



Accounts and wages payable 823,212.37 



Traffic balances payable 30,131.00 



Interest on funded debt: 



Matured 375,358.09 



Accrued 120,260.30 



Preferred stock dividend — Declared Julv 10, 1922 — Pavable 



August 15, 1922, and February 15, 1923 . 600,000.00 



Accrued interest on notes payable 7,457.29 



Preferred stock scrip dividend warrants ,. 10,731.00 



Accrued taxes: 



United States Government 90,000.00 



Cuban Government 115,000.00 



Other 2,520.00 



Total current liabilities 2,598,850.18 



The Government of Cuba — Advances for Services to be Rentdered 437,582.15 



Reserves: 



Depreciation of property $5,198,846.02 



Repairs to roadway and equipment 300,000.00 



Loss and damage claims 57,468.80 



Legal ex-penses 17,514.08 



Medical expenses, etc., for accidents to emploves 24,681.31 



Other '. 10,396.16 



Toal reserves 5,608,906.37 



Deferred Credit Items: 



Credits for traffic service rendered during the revolution but 



not yet adjusted $307,382.49 



Other deferred credit items 42,641.79 



Total deferred credit items 350,024.28 



