30 



THE CUBA RE r I E TV 



To proViOt iuLiCS for this BBancinc and for capital e^>enditure5 the Company so]f 

 in the months of July and August 1922. to Messrs. Spe^-er & Co.. of New York Cit} 

 $3,432,000.00 of its General Mortgage Five Per Cent Sinkins Fund Gold Bonds, due 

 1954. 



Your thanks are due to the officers and employees of your Company for their 

 }oyal cooperation and efficient services. 



The accounts of your Company are audited monthly by Messrs. Deloitie. Plender, 

 Griffiths & Company, and accompan\-ing this rq>ort ■will be found the Balance Sheet 

 and Profit and Loss Accounts as of December 51, 1922. 



For the Board of Directors. 

 Ha%-ana, Cuba. April 1. 1925. F. Stedcel^bt, President. 



HAVANA ELECTRIC RAUAVAY. LIGHT & POTSTR COMPAX\' 



(Incoiporated Under the Laws of the State of New Jersey-, U. 5. A.) 

 • B.AiAXCE Sheet. December 51. 1922 



ASSETS 



^aoPEXXSES, Plvst .^xd EQnpMEXT. as per Balance Sheet- 

 December 31. 1921 .' $61,035,533.18 



Xet Additions dimng Year 2.239,862.60 $63,275,395.78 



ly^-ESTwr rv rs (At Cost) 



CntEXKT Assets: 



Cash in Banks and on Hand $3^77,044.24 



Accounts and Notes Receirable after jMxjviding for Bad and 



Donbthil Debts 2.47S.937.% 



3tlaterial>. Merchandise and Supplies on Hand 1.965 J76-09 



Materials in Tranat 116.604.44 



Speclax Cash Fttxds: 



Employees' Retirement Fund 



For the redemption of 5 year 7% Seemed OmvotiMe G<M Note, 



dated S^tonber 1. 1921 



Other Funds 



Defekked Assets, Chasges, Etc.: 



Insmaiice paid in ad\-ance. etc 



Camtai, Stock of Hav.ax.\ ELECimc Railw.ay, Light & Power 



COMPAXY 



Held in Reserve in respect of the f<dlowing; 



Capiiai, Stock op Havaxa Electric Railway 



COMPAXY, OtTSTAXDIXG: 



To be exchanged for Capital Stock of the 

 Ha%:ana Fiectric Railwav. Light & Power 



Company '^ $14,975.00 



Capit.ax Stock of Comp.\xia de Gas y 

 Electeicid.ad de la Hab.\xa. OrrsTAxn- 



$137,e9a25 



.987.44 



679.23 



$17,677.00 



583,460.88 



8.137.862.73 



146.356.92 



71.008.65 



To be exchanged f<H- Ca|Ntal Stock of the 

 H2i\~an2i Ekctric Railway, Light & Power 

 Cmnpany 



2.702.00 



17.677.00 



$72,014,084.96 



UABrUIIES 



CAPirAi Stock: 

 Authorized: 



210,000 Shares 6*^ Cumulati\-e Preiened Stock. 



par vahie $100.00 each $21,000,000.00 



150.000 Shares Conmion Stock, par \-alue 

 $100.00 each 15.000.000.00 



S36.000.000.00 



