THE CUBA REVIEW 33 



'Current Assets, Adv.\nces to Colonos and Growing Cane: 



Cultivations— Company Cane $1,943,224. 15 S2, 116,026. 73 



Materials and Supplies after deducting Reserve for adjustment 



to market value 3,858,437 . 86 6,861,153 . 14 



Advances to Colonos less Reserve for Doubtful Accounts 7,318,064.37 7,397,947.11 



Advances to Stores and Sundry Advances _. . . 295,591.86 121,872.36 



Sugars on hand: sold and undelivered sugars at sales prices 



less amount retainable by Sugar Finance Committee (see 



next item) and unsold sugars at 2}-2 cents C. & F. per 



pound — less provision for shipping, selling and landing 



expenses (see additional Reserve, per contra) 15,297,755. 17 



Sugar Finance Committee — Amount retainable from value of 



Sugar sold to date 1,801,785. 92 



Molasses on hand at market value 246,361.59 105,649.46 



Accounts and Bills Receivable less Reser\'e for Doubtful 



Accounts 3,432,645.80 2,687,589.08 



Cash in Banks and on Hand: 



Collateral Account, New York §2,043,514 . 12 



In New York 102,351.76 20,078,579.31 



In Cuba 315,688.15 250,170.06 



2,461,554.03 

 S. Certificates of Indebtedness due March, 1922, plus 

 Interest to date 3,007,187.50 



$30,662,608.25 S39,618,987.25 



Cash and Bonds Deposited for Redemption of Liens and Censos on Proper- 

 ties, per contra 538,313.05 $566,643.05 



Deferred Charges: 



Insurance, Rents, Taxes, etc., paid in advance 8506,719.05 §421,225.45 



Interest paid in advance . 223,635 . 12 



Discount and Expenses in connection with Issue of Ten Year 

 7% Convertible Debenture Bonds due 1930 less propor- 

 tion written off 1,024,872.14 1.148,908.00 



1,755,026.31 $1,570,133.45 



$135,694,061.21 $124,081,670.33 



Note: *A part of these Assets, together with the outstanding Capital Stock of the Eastern Cuba Sugar Corporation 

 and its indebtedness to the Cuba Cane Sugar Corporation, are pledged as collateral for unmatured Bank Loans. 



LIABILITIES 



Sept. 30, 1921 Sept. 30, 1920 



Declared Capital of the Cuba Cane Sugar Corporation. . . . $52,500,000.00 $52,500,000.00 



Represented by 500,000 Shares of 7% Cumulative Convertible 

 Preferred Stock, par value $100 each, and 500,000 Shares 

 Common Stock without nominal or par value. 

 Add: Amount heretofore transferred from Surplus in connec- 

 tion with the authorization of 416,667 additional Comrnon 

 Shares without nominal or par value, such shares being 

 reserved for the conversion of $25,000,000.00 of the 

 Corporation's Convertible Debenture Bonds 2,083,335.00 2,083,335.00 



$54,583,335.00 $54,583,335.00 

 The entire issue of the Stock of the Eastern Cuba Sugar Corporation, $1,000,000, 



is owned by the Cuba Cane Sugar Corporation. — ~~ 



Ten Year Convertible Debenture Bonds of the Cuba Cane Sugar Corpora- 

 tion Due 1930 25,000,000.00 $25,000,000.00 



Balance in Respect of Purchases of Properties: 



Violeta Sugar Company First Mortgage Bonds, Second Mort- 

 gages and deferred instalments, payable in varj'ing annual 



amounts up to 1936 1,951,493.82 $776,083.61 



Bills and Notes Payable: 



Loans against Sugars $18,000,000.00 



Loans against Other Collateral 10,400,000 . 00 



Trade bills and notes 547,473.78 $28,947,473.78 



Short Term Drafts Outst.\nding 2,457,482.89 



Accounts Payable and Accrued Charges 5,880,992 . 40 3,890.329 00 



Accrued Interest Convertible Debenture Bonds 437,500.00 437,500.00 



Preferred Divtoend No. 19 (Payable Oct. 1, 1920) 875,000.00 



35,265,966.18 $7,660,311.89 



Liens on Properties — Cash deposited, per contra $165,486.19 $172,736.19 



Censos on Properties — Cash and Bonds deposited, per contra. 372,826.86 393,906.86 



538,313.05 $566,643.05 



Reserves: 



To provide for adjustment in value of unsold sugar to l^i cents 



C. & F. per lb $3,848,723.52 



Depreciation.... 11,750,000.00 $10,000,000.00 



Taxes 5,750.00 2.022,194.74 



Surplus Account: 15,604.473.52 $12,022,194.74 



Balance 2,750,479. 64 $23,473,102.04 



$135,694,061.21 $124,081,670.33 



Note: Dividends on the Cumulative Convertible Preferred Stock have been declared and paid to April 1, 1921. 



