The properties have been maintained in good condition and all necessary repairs 

 effected. 



O. G. Sage, 

 Vice-President and General Manager. 



* Loss. 



GUANTAXAMO SUGAR COMPANA^— BALANCE SHEET SEPTEMBER 30, 1922 



Assets 

 Real Estate, Caxe Lands, Buildings, Equipment ant) other 



PEEM.ANENT lN"\ESTiIENTS $6,266,371 . 17 



Add — Machinerv" and apparatus purchased, to be installed 73,125.76 



$6,339,496:93 

 Less — Reserves for depreciation, replanting and extraordinary' 



repairs 1,388,414.53 



Investment in Guantanamo Railroad Company: 



Notes $1,000,000.00 



Advances 26,118.61 



Stock— 7,708 shares 1 .00 



Current ant) Working x\ssets: 



Growing crop carried over to 1922-23 season $112,834.87 



Inventories : 



Raw sugar on hand— 38,460 bags $425,531 . 62 



Molasses 2,964 . 63 



Stores and supplies in stock and in transit (at 



cost) 394,771.67 



Materials and spare parts (at cost) 119,638 . 65 



942 .906 . 5 7 



$4,951,082.40 



1,026.119.61 



Prepaid insurance and interest 34,630 . 90 



Sundry accounts receivable and advances to colonos, etc., less 



reserves 1,029,738.93 



Shares of Guantanamo Sugar Company purchased for sale to 



employees — 2,500 shares of common stock 25,000.00 



Cash in banks and on hand (New York and Cuba) 126,859 . 10 



2,271,970.37 

 88,249,172.38 



Liabilities 

 Capital Stock: 



Preferred 8% cumulative: 



Authorized and issued— 15,000 shares of $100 each $1 ,500,000 . 00 

 Less — 750 shares purchased for sinking fund. . . 75,000.00 



Common : 



Authorized — 375,000 shares of no par value 



Issued and outstanding: 



361,060 shares of no par value $3,610,600.00 



2,788 shares of unconverted $50 par value stock 



(old issue) 139,400.00 



$1,425,000.00 



3,750,000.00 



Current Liabilities: 



Notes and accounts payable 8329,457 . 16 



Provision for taxes and contingencies 22,157. 15 



$5,175,000.00 



351.614.31 



