. The Cuba review. THE CUBA REVIEW cording to provisions of law and to give the bondholders, some of whom are inno- cent, recourse to the courts of Cuba. Great profits were expected from the concession, which provided for the im- provement of various ports by the company in return for the revenue derived from port dues. One estimate of the profits was that $45,000,000 would be cleared in thirty years, the life of the concession, with'an actual expenditure of about $10,000,000. The latter sum was obtained by the flotation of a bond issue in London. Under the terms of the concession, the company
. The Cuba review. THE CUBA REVIEW cording to provisions of law and to give the bondholders, some of whom are inno- cent, recourse to the courts of Cuba. Great profits were expected from the concession, which provided for the im- provement of various ports by the company in return for the revenue derived from port dues. One estimate of the profits was that $45,000,000 would be cleared in thirty years, the life of the concession, with'an actual expenditure of about $10,000,000. The latter sum was obtained by the flotation of a bond issue in London. Under the terms of the concession, the company is allowed to collect 70 cents for every ton of merchandise imported from the United States and 88 cents on that imported from all other countries. For this concession it agrees to carry out im- provements in the port of Havana and va- rious other ports of the island. These im- provements under the terms of the con- cession must be completed in six years and will cost several millions more than the total collected in that time from the tax on merchandise. The company figures that it will be eighteen years before it will begin to pay dividends on its investment. It admits that it will probably make $20,- 000,000 from the concession, but that this profit will come eighteen or twenty years after the concession has been in force. Religious Meetings Prohibited Baptists in Havana have been forbidden by the Mayor to hold further open air evangelistic meetings in the streets. These have been held in the poorer quarters of the city where there was no church or other build- ing available. Superintendent AlcCall of the Baptist Mission in Cuba will appeal to the courts believing that the constitution gives_ them the right to hold religious services in the public thoroughfares. This is the first time that any objection has been found to such services since the times of the Spaniards, says the Post. From 1898 religious meetings have been held not only on Sunday nights but week nights throug
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