THE CUBA REVIEW 



Traffic Receipts of Cuban Railroads 



Cuba Railroad 



The Cuba Railroad Co. for the year ended June 30, 1923, reports net income of 

 $3,129,207 after all charges and taxes, equivalent after preferred dividends to S16 a 

 share on the 158,000 shares ($100 par value) common stock outstanding. This compares 

 with net income of $1,546,444 or $5.99 a share on the common stock in the preceding 

 year. All of the capital stock is owned by the Cuba Co. 



The income statements for the last two years compare as follows : 



1923 1922 



Gross earnings $14,146,198 Sll,722,971 



Operating expenses and taxes 9,791,305 8,644,593 



Net earnings $4,354,892 83,078,378 



Other income 314,587 153,908 



Gross income $4,669,479 83,232,286 



Interest, charges, etc 1,540,272 1,685,842 



Net income $3,129,207 81,546,444 



Preferred dividend 600,000 600,000 



Net surplus for year $2,529,207 $946,444 



Havana Electric Railway, Light & Power Company 



Month of July Month of August 8 Months to .\ugust 31 



1923 1922 1923 1922 1923 1922 



Operating revenues $1,095,800 $1,039,017 $1,103,575 $1,057,418 $8,818,394 $8,594,425 



Operating expenses and 



taxes 537,048 501,802 531,666 522,487 4,224,606 4,245,165 



Net revenues 558,752 537,215 571,909 534,931 4,593,788 4,349.260 



Other income 18,642 9,165 21,238 18,099 184,787 103,876 



Total income 577,394 546,380 593,147 553,030 4,778,575 4,453,136 



Interest charges 93,270 89,114 93,270 92,723 746,153 714,609 



Income, after deducting 



taxes and interest charges 484,124 457,266 499,877 460,307 4,032,422 3,738,527 



Sinking fund requirements 26,037 23,686 26,037 23,954 200,305 180,779 



Balance of income. .. . $458,087 $433,580 $473,840 $436,353 $3,832,117 $3,557,748 



Earnings of the United Railways of Havana 



Weekly Receipts: 1923 1922 



Week ending September 1 £57,835 £45,606 



Week ending September 8 60.002 49,240 



Week endmg September 15 58,427 49,078 



Week ending September 22 55,866 45,498 



Earnings of the Havana Central Railroad Company 



Weekly Receipts: 1923 1 '22 



Week ending September 1 £11,453 £9.202 



Week ending September 8 11.588 9,423 



Week ending September 15 1 1-672 9,6l3 



Week ending September 22 1 1-852 9,68.t 



