34 



THE CUBA REVIEW 



LIABILITIES— Continued 



Surplus. 



S8,622,126.54 



Total. 



873,254,482.68 



JOHN ASHLEY, 



.4 tidilor 

 Statement of Profit and Loss 

 For the Year Ended June 30, 1922 

 Credits: 



Balance, July 1, 1921 $7,812,827.43 



Xet income for the year 1,546,443.99 



Total 89,359,271.42 



Debits: 



Loss from cancellation of sale of lots — Year 1919 $24,072.00 



Cancellation of charges for equipment rental and services 



rendered— Year 1920. . 13,398.40 



Adjustment to physical inventories of book values of ties, rails, 



general store materials, etc. — Net 77,871.82 



Loss from operations of Hotel Jatibonico prior to April 30, 1921 2,301.18 



Demurrage on coal— Year 1920 19,501.48 



Dividends on preferred stock 600,000.00 



Total 737,144.88 



Credit Balance, June 30, 1922 $8,622,126.54 



JOHN ASHLEY, 



A iiditor. 



STATEMENT OF EARNINGS AND WORKING EXPENSES BY MONTHS FOR FISCAL 

 YEARS ENDED JUNE 30, 1921 AND 1922 



.Amounts in brackets represent a deficit. ' 



FERROCARRIL DE CAMAGUEY Y NUEVITAS 



General Balance Sheet, June 30, 1922 



ASSETS 



Cost of Road and Equipment 



Securities Owned : 



Republic of Cuba 6% Bonds 



Current Assets: 



Cash on hand and in bank $70,573.20 



-Agents and conductors 52,823.50 



Individuals and companies 91,873.03 



85,375,400.19 

 4,700.00 



