20 THE CUB A RE FIE W 



ing and heating values of Havana gas up to the quality and standard furnished to th 

 large communities m the United States, which it is expected will result in more genera 

 use of gas. 



The new reinforced concrete wharf along the harbor front is being constructed an. 

 on December 31, 1921, was about 90 per cent completed. By the construction of thi 

 wharf your company has gained about four and one-half acres of land in front of the ok 

 shore line, previously covered by shallow water, of which about two and one-half acre' 

 have been filled to wharf level and the rest partly filled. The cost of construction an( 

 equipping the wharf, filling of swamp land, etc., is well compensated by the gain ir 

 real estate value. 



The Commercial Department also suffered from depressed business conditions anc 

 the total number of appliances sold and installed during 1921 was less than in any othei 

 year smce the department was established in 1914. The total amount of appliances sole 

 during 1921 was $114,690.58 against $164,208.39 during 1920. 



The Railway Department enjoyed a considerable increase of business. The total 

 number of passengers carried shows an increase of 19.8% over 1920, and the passenger 

 earnings show the same percentage of increase. The passenger car miles show an increase 

 of 28.9% and passenger earnings per car mile a decrease of 7%. Fifty-three new cars 

 were delivered to the Transportation Department. There was adopted during the year 

 a car of a new model which it is expected will prove much more economical to build and 

 maintain. A full description of this car as to construction, etc., will be found in the 

 accompanying report under the section entitled "Rolling Stock and Shops." 



Your Power Plant has continued to operate reliably and economically. The equip- 

 ment for burning Mexican crude petroleum in eight previously unused boilers referred 

 to m the report for 1920, was completed and the first shipment of oil was' received 

 November 24, 1921. The results obtained from burning oil instead of coal in your plant 

 will be set forth in the report of operation covering the year 1922. 



All the parts of the first 25,000 k.w. Turbine Generator set (except the rotating 

 field) have been received at the Power Plant and the generator is expected to be ready 



o/ifrT',' '" ^P"^ ^' ^^y' ^^^^- ^^^ ^«^^' ^^t «"tput of k.w.h. during the year was 

 85,185,097, an mcrease of 10.95% over 1920 and 101.9% more than in 1915- but as the 

 quality of coal received during the year was not very satisfactory, although the best 

 obtamable, the coal consumed, 82,804 gross tons, shows an increase of 12 05% The 

 coal consumed per k.w.h. was 2.178 pounds during 1921, as compared with 2.156 pounds 

 during 1920. 



The average number of employees during the year was 4343, and the management 

 reports the unrest among wage-earners referred to in the report of 1920 as having dis- 

 appeared and throughout the year complete absence of labor disputes. 



The customs duties paid on imports into Cuba during 1921 were $352 549 01 against 



llliilAl ^""""^ ^^^°' ^"""^ °'^^' ^"^^'^ ^^^^' P^'^ ^^'■e $361,898.57 compared with 

 $136 962.28 during 1920. The United States taxes paid during 1921 were $269 699 05 

 and during 1920 $219,361.49. sp , .v^j 



On May 19 1921 the Board of Directors elected Mr. Juan Argiielles a Director, to 

 serve until the third Thursday in May, 1923, and to fill the vacancy caused by the death 

 ot Don Emeterio Zorrilla, and on November 17, 1921, Mr. Richard Schuster was elected 

 a Director, to serve until the third Thursday in May, 1924, and to fill the vacancy caused 

 by the resignation of Mr. Jesse Hirschman on November 17, 1921. Mr Richard Schuster 

 was also elected a member of the Executive Committee in his place. 



Your thanks and appreciation for most efficient services rendered are due to Mr 

 Hirschman, whose thorough knowledge of and faithful devotion to the affairs of your 

 Company, as well as his genial personality, have made him a most valuable member of 

 your Board. 



The accounts of your Company, as in former years, are audited monthly by Messrs. 



