THE CUBA REVIEW 



BALANCE SHEET SEPTEMBER 30, 1921 



Assets 



Real Estate, Cane Lands, Buildings, Equipment and other Per- 

 manent Investments $5,911,ol7.46 



jlcW^Machinery and apparatus purchased to be installed. . 172,219.52 



$6,083,736.98 

 Less — Reserves for depreciation, replanting and extraor- 

 dinary repairs 1,253,869.71 



Investment in Guantdnamo Railroad Company: 



Notes (of which $500,000 are pledged for loans) $1,000,000.00 



Advances 44,440.23 



Stock— 7,688 shares 1.00 



Liabilities 



Capital Stock: 



Authorized — 300,000 shares of no par value. 

 Issued and outstanding: 



242,255 shares of no par value $2,422,550.00 



11,549 shares of unconverted $50 par value stock (old 



issue) 577,450.00 



Current Liabilities: 



Loans and accrued interest ^.$1,472,618.67 



Notes and accounts payable 207,791.64 



Provision for taxes and contingencies 209,343.66 



Unexpended Funds: 



For 1921 dead season current repairs ard maintenance $75,000.00 



For maintaining soil fecundity 16,271.63 



Surplus: 



Balance, September 30, 1920 $4,519,151.12 



Deduct: 



Dividends paid $375,000.00 



Decrease in value of stock purchased for sale 



to employees 21,512.50 



Loss from operations for the year ending 

 September 30, 1921, as per account an- 

 nexed 918,464.17 



1,314,976.67 



$4,829,867.27 



1,044,441.23 



Investment in Cuban Sugar Finance and Export Corporation 



Stock (at cost) 100,000.00 



Current and Working Assets: 



Growing crop carried over to 1921-1922 season $255,715.69 



Inventories : 



Raw sugar on hand— 39,451 bags $276,914.83 



Molasses ,... 26,051.65 



Stores and supplies in stock and in transit (at 



cost) 485,425.06 



Materials and spare parts (at cost) 118,809.51 



— 907,201.05 



Insurance and rents unexpired 36,424.11 



' Sundrv accounts receivable and advances to colonos, less 



reserves 945,179.45 



Shares of the Guantanamo Sugar Co. purchased for sale to 



employees 19,062.50 



Cash in bank and on hand (New York and Cuba) 47,308.75 



2,210,891.55 



.$8,185,200.05 



$3,000,000.00 



1,889,753.97 



91,271.63 



3,204,174.45 

 $8,185,200.05 



