. The Cuba review. THE CUBA REVIEW LONDON NEWS OF CUBAN MATTERS [Exclusive correspondence of The Cuba Review] Amongst the important Cuban issues on the London market recently might be men- tioned the Henr\- Schroder and Company issue of one milHon pounds sterHng of 5 per cent preference stock of the United Railways of Havana and Regla Warehouses, Ltd. Issued at 96 per cent on June 7th, the money asked is required to purchase £500,000 six per cent three year sterling note of the Havana Central Railroad; to acquire further terminal facilities at the Port of Matanzas; and to buy more rolHng stock
. The Cuba review. THE CUBA REVIEW LONDON NEWS OF CUBAN MATTERS [Exclusive correspondence of The Cuba Review] Amongst the important Cuban issues on the London market recently might be men- tioned the Henr\- Schroder and Company issue of one milHon pounds sterHng of 5 per cent preference stock of the United Railways of Havana and Regla Warehouses, Ltd. Issued at 96 per cent on June 7th, the money asked is required to purchase £500,000 six per cent three year sterling note of the Havana Central Railroad; to acquire further terminal facilities at the Port of Matanzas; and to buy more rolHng stock. Interest on the total amount outstanding, including that now offered, was, on the basis of the net income for the year ended 30th of June, 1910, covered nearly four times. An important recent Cuban registration here has been the Anglo-Cuban Oil, Bitumen & Asphalt Company with a nominal capital of two hundred thousand pounds in 395,000 preferred shares of one shilling each. Its object is to carry on in the United Kingdom, Cuba and elsewhere, the business of producers, manufacturers, refiners and brokers of and dealers in petroleum, and other mineral oils, bitumen, asphalt, coal gas, minerals and other substances and products, etc., and to adopt an agreement wdth the London and Mexican Exploitation Company, Ltd. At the first statutory meeting of this company, held on ^lay 17th, Sir Thomas Brooke-Hitching, the chairman, pointed out that the company had already sent its own engineer out to Cuba, that machinery had been ordered and that it was expected that the results of the w^orking of the company's mines at Cardenas would prove satisfactory. Sir William Young presiding at the general meeting of the Cuban Central Railways on May 23d moved a series of resolutions in accordance with the object of the meeting and said that the shareholders were asked to approve of the increase of the capital to i2,300,000 by the creation of 20,000 shares of £10 each to be issued at 5% per cen
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