THE CUBA R E \- 1 E W 



THE NATIONAL TREASURY 



According- to the official statement of 

 the treasury department the condition of 

 the treasury on February 2Sth was as fol- 

 lows : 



Balance on hand $1,773,265.98 



Collections during month . . . 2,923,341.86 

 In hands of collectors 105,780.74 



Total $4,802,376.38 



Expenses during month 3,140,221.26 



Balance remaining 1,662,155.32 



TROLLEY MEN STRIKE 



The conductors and motormen of the 

 Camaguey Traction Company went on 

 strike INIarch 3d, demanding more pay and 

 that the companj- should not retain one 

 month of the wages as it is done at the 

 present. The traffic was later resumed, the 

 company on advices from the head offices 

 in Canada granting an increase in wages, 

 which will be gradual. To start with they 

 will be paid thirteen cents per hour. 



The Cuban Central Railroad Company 

 object to the free entry of the material re- 

 quired for the construction of the Cienfue- 

 gos, Palmira and Cruces Railroad, on the 

 ground that such action is prejudicial to 

 the interests of the former company-. 



A subsidy of $10,000 a kilometer is pro- 

 vided in the bill for a railroad from Guan- 

 tanamo to Baracoa. 



Cuba's custom-house collections for the 

 last four years are given as follows : 



1907 $24,733,183 



1908 24.740,594 



1909 22,143,055 



1910 24.934.988 



The Banco Territorial de Cuba, or mort- 

 gage bank, the holder of the special conces- 

 sion to issue mortgage paper, has already 

 received applications for more than 

 $2,000,000 in loans. 



SUGAR AND TOBACCO EXPORTATION 



Exportation of these two valuable crops 

 of Cuba to the United States for the last 

 six years are as follows : 



Sugar Tobacco 



1905 ". $72,649,818 $16,154,830 



1906 56,624,164 19,678,637 



1907 67,197,688 15,635,590 



1908 53,660,558 18,033,218 



1909 78,427,206 18,699,248 



1910 100,104,413 16,683.138 



GRATIFYING PROGRESS RECORDED 



The National Bank of Cuba shows a 

 marked increase in the volume of its busi- 

 ness for the year 1910, a fact that was 

 brought out with great emphasis at the an- 

 nual meeting of the shareholders, held Feb- 

 ruary 15th. 



President Edmund G. Vaughan was re- 

 elected president for 1911, and recounted 

 the gratifying growth of the institution and 

 predicted greater progress for this year. 



According to the president's annual re- 

 port, the bank for the year 1910 made col- 

 lections of $107,000,000 or $2,000,000 in col- 

 lections weekly. This was an increase of 

 $45,000,000 over the year 1909. The total 

 volume of exchange, or turn-over cash, 

 handled by the bank for the same pe- 

 riod was $250,000,000, or an increase of 

 $80,000,000 over the preceding 12 months. 



In its turn-over of cash at the head of- 

 fice for 1910 the bank registered over 

 $1,000,000,000 or $3,200,000 for every bank- 

 ing day in the year. These last figures 

 were an increase over 1909 of a half-million 

 dollars a dav. 



The committee on public works of the 

 Chamber of Representatives has reported 

 upon bills — 



(1) To extend the provisions of article 1 

 of the law of July 5, 1906, to a railway 

 from Nuevitas to Caibarien on the north 

 coast, by way of Moron. 



(2) To authorize the executive to con- 

 tract in the form prescribed by the law of 

 July 5, 1906, for the construction of a rail- 

 way from Holguin to a point known as De- 

 licias, on the branch of the Cuba Company's 

 railwaj^ from Alto Cedro to Antilla. 



By decree of President Gomez, neutral 

 lard and oleo oil, imported direct for manu- 

 facturing purposes by proprietors of indus- 

 trial establishments, are exempted from the 

 surtax of 30 per cent of the duty provided 

 for by the decree of February 1. 1904. The 

 general rate on neutral lard is thus reduced 

 from $3.64 to $2.80 per 100 kilos (kilo = 

 2.2046 pounds), and on oleo cil from $9.10 

 to $7 per 100 kilos. There is a rebate of 

 20 per cent of the duty on both articles 

 upon importation from the United States, 



It is learned that certain banking inter- 

 ests in Xew York have taken long-time op- 

 tions on the deposit, warehouses of Ha- 

 vana, Cuba, formerly known as the San 

 Jose Docks and Warehouses, with the idea 

 of developing them and building piers of 

 sufficient length to accommodate the largest 

 vessels entering the harbor, says Financial 

 America of Xew York. 



