. The Cuba review. Cuba -- Periodicals. THL CUBA RLVILW "ALL ABOUT CUBA" Copyright, 1917, by the Munson Steamship Line Volume XV JUNE, 1917 Number 7 CUBAN GOVERNMENT MATTERS. Ganeral Emilio Xufr-z, Vice-President of Cuba. INAUGURATION On the 20th of May, General Mario Gar- cia Menocal took the oath of office to the Presidency of Cuba for another term of four years. The ceremony took place in the Presi- dential Palace at noon and was a very simple one. General Emilio Xuiiez assumed the office of Vice-President of the Repubhc of Cuba. BONDS AUTHORIZED President Menocal has signed a dec
. The Cuba review. Cuba -- Periodicals. THL CUBA RLVILW "ALL ABOUT CUBA" Copyright, 1917, by the Munson Steamship Line Volume XV JUNE, 1917 Number 7 CUBAN GOVERNMENT MATTERS. Ganeral Emilio Xufr-z, Vice-President of Cuba. INAUGURATION On the 20th of May, General Mario Gar- cia Menocal took the oath of office to the Presidency of Cuba for another term of four years. The ceremony took place in the Presi- dential Palace at noon and was a very simple one. General Emilio Xuiiez assumed the office of Vice-President of the Repubhc of Cuba. BONDS AUTHORIZED President Menocal has signed a decree auth- orizing issuance of $30,000,000 of bonds for a war loan, in line with, his recom,- to Congress last month. His recom- mendation has been before Congress, but be- cause of the delay occasioned by a divergence of opinion and in view of the urgent necessity of funds for war purposes,the President took matters into his own hands, utilizing the authority granted to him. in the joint resolu- tion adopted by Congress last month to avail himself of all the material resources of the nation. The bonds will be issued in three sections', the first in the fiscal year beginning July 1 and the second and third in the two succeeding fiscal years. They will bear interest of not than 6 per cent, and their amortization will begin at the conclusion of the war. The decree also provides for several revenue \ires. Among them is a normal tax of 10 cents on each bag of sugar weighing 325 pounds or more and. an extraordinary war tax of 10 cents when the price of sugar, f. o. b. Havana, is 3 cents a pound or Sugar companies operating in Cuba also will be taxed 6 per cent of net profits, which are to be de- termined by adding the tax by weight to the cost of production. Mining and insurance companies also will be taxed, the former 6 per cent, of net profits and the latter 4J^^ per cent of Please note that these images are extracted from scanned
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