THE CUBA R E V T E W 



23 



FINANCIAL AND RAILROADS 



Havana Province is to have another 

 electric railroad, from the City of Havana 

 to Santa Cruz del Norte, passing through 

 San Jose de las Lajas and Jaruco. A 

 decree was also issued authorizing a sub- 

 sidy at the rate of $5,500 per kilometer. 



The line is already laid to San Jose de 

 las Lajas, and work on the extension to 

 the other towns will begin at once. 



The president has also signed a contract 

 with the United Railways of Havana to 

 construct a railroad line from the City of 

 Matanzas to Canasi in the same province. 

 This was authorized by the act of July 4, 

 1910, and the subsidy is fixed in the sum 

 of $5,500 per kilometer. 



The courts have decided that the Havana 

 Electric Railway has the right to carry 

 advertisements on the windows of its 

 cars, a proceeding which had been pro- 

 hibited by the mayor. The railway com- 

 pany accordingly sought higher opinion 

 with the result above stated. 



NEW RAILROAD IN ORIENTE 



A three million dollar realty company 

 has just been formed headed by Jose 

 Aiarim.on of the Banco Espaiiol, Francisco 

 B. Reyes and General Aleman, under the 

 name of the "Societe InmoviHere de Cuba" 

 (Cuban Realty Co.). 



The new company will devote itself 

 principally to the construction of and 

 operation of a line of railway from 

 Guantanamo to Baracoa, and the articles 

 of incorporation also provide for other 

 lines of work such as harbor improvement 

 and operations in land. The proposed 

 line of railroad has a length of 120 kilo- 

 meters. 



The promoters of the new company have 

 subscribed $600,000 for starting work, and 

 it is understood that approximately $120,- 

 000 more of the stock has been placed. 



The Havana Electric Railway wishes to 

 extend its lines in Marianao, and has ap- 

 plied to the town's municipality for the 

 necessary permission. 



The new extension will cost $40,000. 



Cities of Cuba — View of Baracoa, from roof of the church 

 See article on page 27, which gives much information regarding Oriente Province 



