. The Cuba review. THE CUBA REVIEW 25 During the past 11 years, says the report, the annual increase in revenues on both the stage and rail lines has been uninterrupted. The stage line receipts began in 1903. The 1901 rail line revenues totalled about $600,000, contrasted with nearly $2,600,000 in 1911. Therefore total rail and stage line receipts during the past 11 vears have increased from about $600,000 to nearly $::i,U(lO,0(iU. The operating ratio was slightly higher than in the previous year, although, as com- pared with 1908 and 1907, represents a lilieral saving in this respect. There h
. The Cuba review. THE CUBA REVIEW 25 During the past 11 years, says the report, the annual increase in revenues on both the stage and rail lines has been uninterrupted. The stage line receipts began in 1903. The 1901 rail line revenues totalled about $600,000, contrasted with nearly $2,600,000 in 1911. Therefore total rail and stage line receipts during the past 11 vears have increased from about $600,000 to nearly $::i,U(lO,0(iU. The operating ratio was slightly higher than in the previous year, although, as com- pared with 1908 and 1907, represents a lilieral saving in this respect. There has been a gradual improvement in per mile operations of the property for a number of years past. The figures from the year for both lines follow: 1905 1906 1907 1908 1909 1910 1911 $1,806,563 $1,919,102 $2,143,122 $2,276,807 $2,488,647 $2,656,979 $2,991,501 Average earnings per day during the last fiscal period were better than in the year previous and the indications are that the current year will show a very satisfactory gain over 1911, as December returns were the largest of the year by a substantial margin. Following are the average gross earnings per day during each month of the last fiscal period : Month— Av'ge per day January $7, -FebruaVv 8, March " 8, April 8, May 7, June 8, Julv 8, Month— Av'ge per day August $8, September 8, October 8, November 8, December 8, Average $8, The balance sheet of the company, as of December 31st last, shows a surplus of $1,327,839, which is applied as follows: In redemption of consolidated mortgage bonds, $366,000; sinking fund, $84,626 and profit and loss, $876,507. Cash on hand on December 31st amounted to nearly $1,000,000, and there was a very liberal working balance on the date Harbor Work in Cuba.—Cuban Lighter off Isabela de Sagua, north coast of Santa Clara Please note that these images are extracted from scanned p
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