. The Cuba review. T H i£ L L" U .\ 1< E \' I E W RAILROAD AND COMMERCIAL NEWS AMALGAMATION PERFECTED At a meeting in London, November 22d, of the United Railwajs of Havana and Regla Warehouses, Limited, resolutions necessary to carry out the agreement under which the United absorbs the Western Railway of Havana, Limited, were adopted. The Western Railway also gave assent to the plan. Particidars regarding the terms of the transfer were printed in the No- vember issue of The Cuba Review. From the report of the directors to the shareholders of the Western Railway of Havana, for the yea
. The Cuba review. T H i£ L L" U .\ 1< E \' I E W RAILROAD AND COMMERCIAL NEWS AMALGAMATION PERFECTED At a meeting in London, November 22d, of the United Railwajs of Havana and Regla Warehouses, Limited, resolutions necessary to carry out the agreement under which the United absorbs the Western Railway of Havana, Limited, were adopted. The Western Railway also gave assent to the plan. Particidars regarding the terms of the transfer were printed in the No- vember issue of The Cuba Review. From the report of the directors to the shareholders of the Western Railway of Havana, for the year ended June 30, 1911, the following figures, showing the results of the working of the railway for the period named as compared with the pre- vious year, are taken. 1910-]I 1909-10 Gross receipts £259,151 £248,264 Working expenses . . 140,810 143,872 Net receipts ill8,.341 £104,392 To this balance must be added. . £118,340 Brought forward from June 30, '10 10,797 Transfer fees, etc 60 Difference in exchange, etc 1,398 Net revenue Hacendados Ware- houses and other 2,783 Total £15,038 Grand Total £133,378 Deductionsâ Taxes, etc £5,189 Interest on Debenture Stock 24,750 Interim Dividend 33,000 Total £62,939 Leaving a disposable balance £70,441 Out of this available balance on net revenue account of £70,441, the board pro- poses to pay a l)alance dividend of 8s. per share (subject to income tax), making, with the interim dividend paid in April, 7 per cent for the year on the share capitai of the company, to transfer £10,000 to the general reserve fund, and to carry forward £16,441. The traffic statement for 1910 shows 562,725 passengers carried as against 571,145 in 1911. The freight traffic included 11,878 tons of tobacco in 1910 and tons in 1911 The road carried 10,835 tons of sugar in 1910 compared with 8,325 tons in 1911 The decrease is due to the shortage in the crop. Fruit and vegetables w^ere carried to the ex
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