. The Cuba review. 10 THF. CUBA REVIEW Port Company Taxes A decree was signed May 21st by President Gomez affecting the dues to be collected by the Compaiiia de Puertos under its fran- chise to improve the harbors of the repub- lic. The law of February 20, 1911, fixed a schedule of charges on cargoes landed in the island, as follows: Eighty cents per ton on merchandise the product of the soil or industries of the United States, coming to Cuba by steamer or sailing vessel; one dollar per ton on merchandise from other countries, and a flat rate of 10 cents per ton on coal. The decree just signed
. The Cuba review. 10 THF. CUBA REVIEW Port Company Taxes A decree was signed May 21st by President Gomez affecting the dues to be collected by the Compaiiia de Puertos under its fran- chise to improve the harbors of the repub- lic. The law of February 20, 1911, fixed a schedule of charges on cargoes landed in the island, as follows: Eighty cents per ton on merchandise the product of the soil or industries of the United States, coming to Cuba by steamer or sailing vessel; one dollar per ton on merchandise from other countries, and a flat rate of 10 cents per ton on coal. The decree just signed by the president is based upon a notarial document by which the Compahia de Puertos waives the aforesaid schedule and reduces the' taxes therein indicated to 80 cents, 88 cents and 10 cents, respectively, on mer- chandise from the United States and abroad, and on coal, in the order named. The company has sublet the entire work of dredging at Havana, Guantanamo, Santiago, Cienfuegos, Cardenas, Matanzas, and Esperanza to Michael J. Dady of New York. The work of dredging in Havana Harbor has begun. The big bond issue of the company, amounting to $6,000,000, has been success- fully floated in London, by Vice-President Norman H. Davis. The proceeds of the loan are to be used in the development of Cuban ports of en- try, under a franchise from the govern- ment, the company having the right to re- cover the money expended in this direc- tion by the imposition of tonnage dues. A favorable report has Raising been returned by the Invoice house committee on tariffs Fees and imposts on the bill in- troduced to modify the Cuban tariff on consular fees and place it on a parity with that of other nations. The proposed measure provides for an increase in fees for certain classes of con- sular invoices, on a minimum scale of in- voices of $5 to $50, and stipulates the hours which consulates of Cuba shall be open for business. Certification of in- voices out of office hours shall be remu- nerat
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