THE CUBA REVIEW 



13 



Taken from the tower. Central Manati, showing water cooler, employes' huildings 

 and second administrator's building (corner) 



Cumulative Preferred Stock and $15,000,000 is Common Stock. Certificates of increase 

 and classification were filed in the office of the Secretary of State of New York on 

 June 9. 1920. $3,500,000 of 7 per cent Cumulative Preferred Stock and $10,000,000 

 of Common Stock has been issued and is now outstanding in the hands of the public. 



Description and Property 



The company did not succeed to any other corporation and it has no constituent. 

 subsidiar>', owned or controlled companies except Ferrocarril de Tunas, S. A., a Cuban 

 corporation, all the stock of which except directors' shares, is owned by the company. 

 Following its incorporation and, from time to time thereafter, the company acquired 

 lands which have been united to form a single estate called Manati, situated in the 

 Provinces of Camaguey and Oriente, Cuba. 



The company controls the cane supply from still other lands, so that at present 

 the total area of lands owned in fee simple, leased and controlled by the company 

 is 8,481 caballerias, equivalent to 282,700 acres. 



The sugar factory is equipped with three complete modern grinding units and 

 has a capacity for the production of from 650,000 to 700,000 bags of raw sugar 

 in the grinding season from December to June. 



In addition thereto, the estate is equipped and furnished with warehouses, machine 

 shops, stores, hotels, workmen's houses, offices, residences of managers, superintendents, 

 chemist, etc., cane-carts, oxen and other cattle and all other appurtenances proper 

 for the management of sugar estates. 



The company also owns and operates for the transportation of its product and 

 supplies 144 miles of narrow gauge railroad and 14 miles of standard gauge railroad, 

 which connect the factory with the company's dock and extend in all directions 

 into the company's cane fields. 



On Manati Bay, the Company has wharves accommodating deep draught vessels 

 in which it ships its sugars direct to the northern markets. The warehouses at the 

 wharves and mill have a capacity of 250,000 bags of raw sugar. During the grinding 

 season the company employs about 1,000 men. 



