26 THECUBAREVIEW 



Rates Paid to Colonos for Their Cane 



The following table shows the average percentage of sugar per 100 of cane paid to 

 the colonos during the past six years: 



1915-16 1916-17 1917-18 1918-19 1919-20 1920-21 



Western 6.713% 6.849% 6.891% 6.901%, 6.902% 6.921% 



Eastern 5.079 5.029 5.115 5.130 5.153 5.172 



Average 6.383% 6.337% 6.254%, 6.168% 6.124% 6.211% 



Sucrose in the Cane 

 The following table shows the average percentage of sucrose at the plantations of 

 your corporation during the six crops: 



1915-16 1916-17 1917-18 1918-19 1919-20 1920-21 



13.87% 13.00%, 13.31% 13.02% 12.95% 12.80% 



As already stated, the sucrose in the cane showed no improvement this year over last 

 year. 



Losses in Manufacture 

 The losses in manufacturing at your plantations during the last six years have been 

 as follows: 



1915-16 1916-17 1917-18 1918-19 1919-20 1920-21 



3.07% 2.67%, 2.36% 2.32% 2.37% 2.23% 



While it is gratifying to see a decrease of .14, it is hoped that still greater improvements 

 will be achieved in the future. 



Yield of Centrifugals 

 The yield of the six crops in 96° centrifugals has been as follows: 



1915-16 1916-17 1917-18 1918-19 1919-20 1920-21 



11.25% 10.76% 11.41% 11.15% 11.02% 11.01%, 



Comparative Receipts Per Pound of Sugar 

 For the purpose of comparing the f. o. b. price per pound of sugar manufactured, 

 obtained during the last six crops (estimated for the crop 1920/1921 because of the large 

 amount of unsold sugars), the proceeds from "Molasses" and "Other Earnings" are 

 included in the following: 



1915-16 1916-17 1917-18 1918-19 1919-20 1920-21 



4.112c. 4.479c. 4.630c. 5.398c. 10.34Sc. 3.891c. 



Unsold sugars have been valued at 2i/^c. c. & f., less provision for shipping, selling 

 and landing expenses. 



In order to afford a comparison with previous years, it has been necessary to include 

 the Colono sugars in the above figures. 



Cost of Production 

 The cost of production, on an f. o. b. basis, per pound of sugar manufactured at your 

 factories, including the cost of colonos' cane, was, for the past six years, as follows: 

 1915-16 1916-17 1917-18 1918-19 1919-20 1920-21 



2.748c. 3.431c. 3.998c. 4.606c. 8.523c. 4.355c. 



The cost of production depending upon the price at which sugars are liquidated with the 

 colonos, it is preferable to follow the same method as in the previous annual report, show- 

 ing the cost of production, excluding cane, thus giving a comprehensive idea of the 

 increases in other items, cane excluded. The sugars purchased from the colonos were 

 necessarily acquired at the prices ruling during the crop months, but as the company 

 was unable, owing to the governmental control, to make corresponding sales of those 

 sugars, the cost thereof is higher than the average price the company is obtaining for its 

 sugar, notwithstanding the already mentioned sales of 900,000 bags that your company 

 had anticipated at an average price of 7.6625c. f. o. b. per pound. 



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