THE CUBA REVIEW 21 



'cloitte, Plender, Griffiths & Co., and accompanying this report will be found the 

 alance Sheet and Profit and Loss Account as of December 31, 1921. 



The thanks of the shareholders are due to the employees for their faithful and 

 i&cient services to the Company. 



For the Board of Directors, 



Havana, Cuba. F. Steinhart. President. 



April 1, 1922. 



BALANCE SHEET, DECEMBER 31, 1921 

 ASSETS: 



iOPERTiES, Plant and Equipment, as per Balance Sheet, December 



31, 1920 $58,235,279 .41 



ET Additions during Year 2,800,253 . 77 §61,035,533 . 18 



fVESTMENTS (At Cost) 386,523 .38 



urrent Assets: 



Cash in Banks and on Hand Sl,245,097.71 



Accounts and Notes Receivable after providing for Bad and 



Doubtful Debts 2,330,814. 17 



Materials, Merchandise and Supplies on Hand 2,327,938.43 



Materials in Transit 119,494.69 6,023,345.00 



EFERRED CHARGES, ETC.: 



Insurance Paid in Advance, Deferred Charges, etc 127,314.76 



APiTAL Stock of Havana Electric Railway, Light & Power 



Company $17,677.00 



Held in Reserve in respect of the following: 

 APITAL Stock of Havana Electric Railway 

 Company Outstanding: 

 To be exchanged for Capital Stock of the 

 Havana Electric Railway, Light & Power 

 Company $14,975.00 



APITAL Stock of Compania de Gas y Elec- 



TRICIDAD DE LA HaBANA, OUTSTANDING : 



To be exchanged for Capital Stock of the 

 Havana Electric Railway, Light & Power 

 Company 2,702.00 17,677.00 



$67,572,716.32 



LIABILITIES 



Capital Stock: 

 Authorized : 

 ' 210,000 Shares 6% Cumulative Preferred Stock, 



par value $100.00 each $21,000,000.00 



150,000 Shares Common Stock, par value 

 $100.00 each 15,000,000.00 



$36,000,000.00 



Issued and fully paid : 



6% Cumulative Preferred Stock: 



209,787 Shares, par value $100.00 each. . . $20,978,700.00 



Less: Held in Treasurv 2.23 Shares, par 

 value $100.00 each. .'. 223.00 $20,978,477.00 



Common Stock: 



150,000 Shares, par value $100.00 each.. . . $15,000,000.00 



Less: Held in Treasury 526.54 Shares, par ^^ 



value $100.00 each 52,654.00 14,947,346.00 $33,925,823.00 



