24 



THE CUBA REVIEW 



Havana Harbor Improvements 



W ork on the new piers, which are cov- 

 ered by the so-called Scovel concession, will 

 soon be begun with activity, and it is stated 

 it will be pushed to completion within two 

 3'ears. These piers will be of steel and ce- 

 ment, approximately GOO feet in length, 

 with a berthing space between of 120 feet ; 

 they will be covered and in their interior 

 arrangement will be of modern plan. 



The Port of Havana Docks Company 

 was formed on September 26th, 1910, at 

 Portland, ]\Iaine, for the purpose of under- 

 taking the concession for building these 

 docks. 



The fixed capital of the company is 

 $4,600,000, divided into 6,000, G per cent'pre- 

 ferred shares and 40,000 shares common 

 stock, each having a par value of $100. 



The directors of the Port of Havana 

 Docks Compan}' are Sir William A'an 

 Home, president ; Sir Robert Perks, of 

 London ; Eugene Klapp, of Xew York ; 

 William Barclay Parsons, of Xew York ; 

 Bradley W. Palmer, of Boston ; and Louis 

 \'. Place, of Havana. The trustee of the 



bondholders is the Farmers' Loan and 

 Trust Co. of New York. 



The concession was given by the decree 

 of the president of the RepubHc of Cuba, 

 Xo. 467 of the 29th of November, 1905, 

 and amended by decree No. 1022 of the 

 11th of November, 1910, and has for its 

 object the construction of four piers in 

 the port, and the construction of ware- 

 houses alongside the cjuay, and on the 

 piers, the whole being provided with 

 modern appliances for the berthing of 

 ships, the loading and unloading and ware- 

 housing of merchandise. 



Under the conditions the company is 

 .bound to reserve a portion of its premises 

 for the administration of the customs, 

 which will become the principal customs 

 offices of the port. The length of the con- 

 cession is for 50 years and expires No- 

 vember 29, 1955. At the expiration of the 

 concession the properties of the company 

 w'ill become the property of the republic. 



The company has two years for the con- 

 struction of the first pier, then a further 



; Map showing position of piers being built in Havana harbor vinder the Scovel concession. 



Piano en que se ve el lugar donde se estan construyendo los muelles en la bahia de la Habana en 



z'i'rtud de la concesion Scovel. 



