THE CUBA R E V I E \V 



RAILROAD RECEIPTS AND COMMERCIAL NEWS 

 The Cuba Railroad Company's Earnings 



The report of the Cul)a Railroad Company for the month of June and for the fiscal 

 year ended June 30th compares as follows : 



1911 1910 1909 1908 



June gross $262,954 $226,198 $190,704 $145,567 



June expenses 141,213 115,614 105,057 92,663 



June net $121,741 $110,584 $91,647 $52,904 



June charges 57,579 36,667 34,774 32.353 



June surplus $64,162 $73,917 $56,873 $20,551 



Twelve months' gross $3,059,649 $2,559,336 $2,157,165 $2,039,408 



Twelve months" net $1,374,071 $1,107,299 $9.50,088 $721,287 



Twelve months' charges 576,754 435,210 399.290 365,863 



Twelve months' surplus $797,316 $672,089 $550,799 $355,424 



NATIONAL BANK REPORT 



The general balance sheet of the Na- 

 tional Bank of Cuba of June 30, 1911, is 

 as follows : 



ASSETS 



Cash in vaults $6,260,632.54 



Due from banks and 



bankers 5,319,610.35 



Remittances in transit 1,231,411.82 $12,811,654.71 



Bonds and Stocks: 



Government bonds $2,669,061.17 



City of Havana bonds 759.810.59 



Other bonds 363,454.77 



Stocks '. 44,816.93 



Loans, discounts, time bills, etc.... 

 Bank buildings and real estate.... 



Furniture and fixtures 



Sundry accounts 



Securities on deposit 



3,837,143.46 



13.306,319.92 



1,044.996.21 



86,762.41 



21,202.32 



1,932,281.28 



Total $33,040,360.31 



LI.-^BILITIES 



Capital $5,000,000.00 



Surplus 1,000,000.00 



*Undivided profits 319,190.39 $6,319,190.39 



Due to banks and bankers 640,958.86 



Deposits 24,147,929.78 



Deposits (securities) 1,932,281.28 



Total $33,040,360.31 



* Deduct $200,000.00 four per cent semi-annual 

 dividend, payable July 1, 1911. 



The Gibara and Holguin Railroad has 

 been authorized to open for public service 

 its railroad line between Iberia and the 

 Santa Lucia sugar mill. 



The exchange of documents in the pro- 

 posed arbitration treaty between Cuba and 

 Brazil were signed August 2d at the State 

 Department, between the Brazilian min- 

 ister and the Secretary of State Sanguily. 



A NOTICE TO SHIPPERS 



The Gacefa Official, published in Ha- 

 vana, Cuba, recently reported in full the 

 text of a new law recently passed by the 

 Cuban Congress and approved by the 

 President, modifying the rustoms regula- 

 tions of Cuba and providing for a revision 

 of the fees for consular invoices, as 

 follows : 



Article 1. Article 21 of the present Consular 

 Tariff Law shall read as follows: 



Aiticle 21. Invoices of less than five dollars 

 ($5.00) do not require certification. For certify- 

 ing those from five ($5.00) dollars to $49.99, 

 fifty cents ($.50). For certifying those from 

 fifty dollars ($50.00) to two hundred dollars 

 ($200.00). two dollars ($2.00). 



For those exceeding two hundred dollars 

 ($200.00). ten cents ($.10) will be charged for 

 each additional hundred dollars ($100.00) or 

 fraction thereof. 



Article 22a. For certifying each set of bills- 

 lading, one dollar ($1.00). 



Article 58. Any citizen or foreigner sending 

 merchandise to the Republic of Cuba, shall pre- 

 sent to its consular office the respective invoices 

 for their certification, provided the said invoices 

 carry a value of five dollars ($5.00), or more; 

 likewise the bills-lading, to be duly vised. 



Article 59. With the exception indicated in 

 the foregoing article, the customs houses of the 

 Cuban Republic will exact certified invoices and 

 vised bills of lading for the clearance of mer- 

 chandise, or, in exceptional cases, a guarantee 

 for the subsequent production of these docu- 

 ments. . 



The Cuban customs houses will assess a fine 

 amounting to double consular fees if invoices and 

 bills of lading are certified on a date later than 

 the arrival of the corresponding ship at the first 

 Cuban port of -entry. 



Tliese changes became effective on and alter 

 Tuly 21, 1911. 



The Havana Electric Railway Co. has 

 declared the usual dividend of ll-i per cent 

 on common and preferred, which was 

 paid on August 12th. 



