. The Cuba review. THE CUBA R E A' I E W Havana Electric Co. Action of the directors of the Havana Electric Co. on Oct. 13 in maintaining the 6 per cent dividend on the common stock appears wholly warranted upon comparison of the company's gross, net, dividends and surplus since 1906, together with the estimated for 1910. These are as follows : Divi- Year Gross Net dends Surplus *1910. $2,600,000 $1,350,000 $747,822 $152,178 2,488,647 1,237,598 523,911 292,420 2,276,807 1,030,383 374,635 200,967 2,143,122 910,387 275,000 91,075 1,919,193 664,443 200,000 t31,932 * Es
. The Cuba review. THE CUBA R E A' I E W Havana Electric Co. Action of the directors of the Havana Electric Co. on Oct. 13 in maintaining the 6 per cent dividend on the common stock appears wholly warranted upon comparison of the company's gross, net, dividends and surplus since 1906, together with the estimated for 1910. These are as follows : Divi- Year Gross Net dends Surplus *1910. $2,600,000 $1,350,000 $747,822 $152,178 2,488,647 1,237,598 523,911 292,420 2,276,807 1,030,383 374,635 200,967 2,143,122 910,387 275,000 91,075 1,919,193 664,443 200,000 t31,932 * Estimated. t Deficit. Says the W-^a// Street Journal: "While gross earnings for 1910 will reach the highest level in the history of the company, surplus, owing to the increased disburse- ments on the common stock, will show a considerable falling off from 1909. The amount available this year for common dividends will approximate per cent, as against an actual per cent for 1909. "The company declared the initial divi- dend on the common stock, of 1 per cent quarterly, in January, 1909, and in April last increased this rate to IV2 per cent quarterly. The foregoing increase will require an additional disbursement in divi- dends this year over 1909 of $223,; The provincial council of Oriente has appropriated funds for the purchase of a small cannon to be used every night in booming the hour at 9 o'clock in Santiago as it is done in Havana. The Compania Cubana has deposited $4,800 as a guarantee for the construction of a railroad of 24 kilometers from Trini- dad to Fernandez. Triscornia Railway Sold President Gomez has signed an executive decree cancelling the lease of the land oc- cupied by the Triscornia Railway, ordering the sale at public auction cf the remaining material belonging to the railway, which has not been used for several years, and providing for the expropriation by the of such part of the Triscornia property as is indispensable
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