TH E CUB A REV lEW 31 



Deduct : 



Interest and Commission Paid on Notes Payable, Loans, etc $358,202 .47 



Reserve for Depreciation 630,000. 00 8988,202 .47 



Net Loss for Year $87,461 .83 



Dividends paid: 

 Preferred Stock: 



1%%, Paid Jan. 2,1921 $61,250.00 



1M%, Paid April 1, 1921 61,250.00 



13.^%, Paid July 1,1921 61,250.00 



1M%, Paid Oct. 1,1921 61,250.00 



$245,000 . 00 



2J^%, Paid Dec 1, 1920 $250,000.00 



234%, Paid Mar. 1, 1921 250,000.00 



21^%, Paid June 1, 1921 250,000.00 



750,000.00 



995,000.00 



Deficit charged to Surplus Account $1,082,461 . 83 



Note. — 162,144 bags of unsold sugar taken at an estimated price ot 2V2C. c. & f. per lb. jNIolasses 

 sold, at a price to be fixed later, and amount to be received has been estimated at l^ic. per gallon 

 for the 3,200,000 gallons produced. 



Surplus Account as at Octobes 31, 1921 



Balance as at October 31, 1920 $2,939,611 .21 



Deduct: 



Sundry Items Applicable to Crop 1919-1920 $6,623 . 1 1 



Colonos' Accounts charged off 50,284 . 49 



Deficit for the Year ended October 31, 1921 1,082,461 .83 



1,139,369.43 



$1,800,241.78 

 Reserves : 



For Possible Decline in Value of Unsold Sugar $225,000.00 



For Materials and Supplies 150,000. 00 



For Colonos Accounts 250,000.00 



626,000.00 



Balance as at October 31, 1921 $1,175,241 . 78 



ASSETS 



Property and Plant $17,023,624.95 



Advances against Contracts for Materials not yet delivered 77,184.43 



Investments: 



Advance to Ferrocarril de Tunas $1,277,933 .89 



Anglo-Saxon Realty Co. Bonds at par 3,000.00 



1,280,933.89 



Current Assets and xAdvances to Colonos: 



Materials and Supplies on Hand $1,354,475 .06 



Advances to Colonos 3,076,269.28 



Advances against Mortgages on Colonos' Land 242,814.36 



Accounts Receivable 106,460. 72 



Cuba Sugar Finance & Export Corporation (Capital Stock to 



be liquidated in 1922) 100,000.00 



Sugar on Hand : 



32,917 bags, sold (through Committee), estimated at a price 



of 3.15c. c. &f. perlb 1,580,190.00 



162,144 bags, unsold, estimated at a price of 2.50c. c. & f. per 



lb ;■;••• 



Sugar Shipped, Pending Liquidation (est.) 191,553 . 15 



Equity in Sugars Sold and Retained by Sugar Finance Committee 



(estimated) 177,946.31 



Molasses unliquidated (est.) 40,000. 00 



Cash in Banks: United States and Cuba 400,116.57 



7,269,825.56 



Deposits with Cuban Custom Houses 19,948 . 76 



