I 



28 THECUBAREVIEW 



Velasco. The program for increasing the capacity of Central \'ioleta to 500,000 bags 

 will be completed for operation in the coming crop. 



Lands 

 Your corporation owns in fee 13,133 caballerias (437,767 acres) of land and holds 

 under lease 9,763 caballerias (325,433 acres ) of land, many of these leases being for long 

 periods. The total lands owned and leased therefore are 22,896 caballerias (763,200 

 acres). 



Railroads 



Your corporation now owns and operates for the transportation of its products and 

 supplies 1,352 kilometers (845 miles) of railroad, of which 984 kilometers (615 miles) 

 are standard gauge and 368 kilometers (230 miles) are narrow gauge, together with 

 equipment consisting of 150 locomotiv'es, of which 112 are standard gauge and 38 narrow 

 gauge, and 4.004 cane and other cars, of which 2,726 are standard gauge and 1,278 narrow 

 gauge. 



Property Account 

 Original Cost of the 17 Plantations, Including Taxes, Notary Fees. Etc. . $48,983,296.68 

 Additional Purchases: 



Central Stewart $8,400,000.00 



Warehouses 159,600.00 



Lands 4,594,305.09 



Taxes, Notary Fees, etc., thereon 150,003.70 



$13,303,908.79 

 Less Sale of Centrals, Lands. ^Machinery, Etc 3,173,904.07 



A^^-,- T . T7. $10,130,004.72 

 Additions, Improvements. Etc.: 



Western Eastern 



Fiscal Year Plantations Plantations Total 



1915-1916 $264,603.13 $155,131.08 $410,734.21 



1916-1917 2,376,123.95 2,657,229.86 5,033.353.81 



1917-1918 1,835,050.42 8,246,313.70 10,081.364.12 



1918-1910 730,004.32 3,309,334.68 4.039.339.00 



1919-1920 1,278,965.52 2,177,979.08 3,456,944.60 



1920-1921 1,936,300.72 5,931,458.62 7,867,759.34 



,421.048.06 $22,477,447.02 $30,898,495.08 



$41,028,409.80 



Less amount written off to cover dismantling and reloca- 

 tion of machinery 1,200,000.00 39,828,499.80 



Central Violeta: ».8n.796.48 



Previously carried in Investments, plus additions during year 3,568,819.81 



$92,380,616.29 



Machinery' and Construction Material on Hand for extension of Violeta 



and other Capital purposes 788,497.31 



Total as per Balance Sheet $93,169,113.60 



Renewals, Repairs and Depreciation 

 Following the customary practice, your corporation has made adequate expenditures 

 for renewals, extraordinary and ordinary repairs, and changes in the location of machinery, 

 all of which have been charged to Operating Expenses. These charges for the six years 

 ending with the fiscal year just closed are $28,539,700.23; those for the last fiscal year 

 amounting to $7,633,482.77. 



