. The Cuba review. THE CUBA REVIEW 33. Ilkistrating How Truck Is ^^"ithdra\vn From, or Spotted Under, the Thomas Cane Body. the truck is operating on soft ground, the regular rubber tires coming into use when traveling on stone roads; tlxus speed is not sacrificed and no change of rim is required. During the off season, the trucks may be employed in any kind of ordinary work. The expense of moving 100 arrobas one kilometer with a two-ton outfit will not exceed 30 cents, and with a live-ton outfit the expense is given as less than 25 cents. Loading and unloading is effected in exactly the
. The Cuba review. THE CUBA REVIEW 33. Ilkistrating How Truck Is ^^"ithdra\vn From, or Spotted Under, the Thomas Cane Body. the truck is operating on soft ground, the regular rubber tires coming into use when traveling on stone roads; tlxus speed is not sacrificed and no change of rim is required. During the off season, the trucks may be employed in any kind of ordinary work. The expense of moving 100 arrobas one kilometer with a two-ton outfit will not exceed 30 cents, and with a live-ton outfit the expense is given as less than 25 cents. Loading and unloading is effected in exactly the same manner as with ox carts. SUGAR FINANCING & EXPORT COMPANY A banking syndicate headed by the Guaranty Trust Company of New York, the National City Bank and the Royal Bank of Canada has vmderwritten an ac- ceptance credit to be granted to the Sugar Financing and Export Company, a Cuban company formed by leading sugar and financial interests to assist Cuban grow- ers and manufacturers of sugar. The Sugar Financing and Export Com- pany is to have a paid-in capital of $2,000,000, all of which has been sub- scribed by the Cuban Cane Sugar Cor- poration and the Cuban-American Sugar Company and their associated and sub- sidiary companies. The sjaidicate proposes to grant this company a six months' open credit, drafts under which are to be secured by sugar stored in Independent Warehouses in Cuba and or in process of exporta- tion. The principal amount of the drafts at any one time outstanding will not aggregate in excess of 820,000,000. The drawings are to be on the basis of $ a bag and are not to run longer than nine- ty days. Bills drawn under this credit will be eligible for rediscount with or purchase by Federal Reserve Banks under the regu- lations of the Federal Reseiwe Board. The National City Bank, the Royal Bank of Canada and the Banco Mercan- til Americano de Cuba, acting as Trus- tees, on behalf of the syndicate will re- ceive and hold for the benefit of the ac-
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