. The Cuba review. THE CUBA REVIEW. 15 FINANCIAL. National Bank of Cuba. The seventh annual reoort of this bank under date of December 31, shows an encouraging condition of the bank's busi- ness. The deposits have increased from $4,- i79)995-04 on December 31, 1901, to $15,- 005, on December ?i, 1907, and rep- resent 13,980 separate accounts, and in- crease over 1906 of 27%. It is an indi- cation that business conditions in Cuba have very much improved. The activi- ties are best realized by the statement that the December, 1907, daily cash ope- rations w^ere $2,100,0001, and this before
. The Cuba review. THE CUBA REVIEW. 15 FINANCIAL. National Bank of Cuba. The seventh annual reoort of this bank under date of December 31, shows an encouraging condition of the bank's busi- ness. The deposits have increased from $4,- i79)995-04 on December 31, 1901, to $15,- 005, on December ?i, 1907, and rep- resent 13,980 separate accounts, and in- crease over 1906 of 27%. It is an indi- cation that business conditions in Cuba have very much improved. The activi- ties are best realized by the statement that the December, 1907, daily cash ope- rations w^ere $2,100,0001, and this before the sugar crop had begun to move. The savings bank's department which pays 3% per annum now has $1,200,000. The head office and branches in Havana are also open on Saturday evenings, on re- cent orders. The new building on Obis- po and Cuba streets, in which the bank's offices are located, and which occupy the best part of the available office space, is paying 2^/2% on the investment, and when all the offices are rented will reach more than 5%. The bank's branches are increasing in number, and these are now, outside of Havana, at Camajuani, Sancti Spiritus,. Main corridor, office of National Bank of Cuba, Havana. C'amaguey, Santa Clara, Guantanamo, Caibarien, Pinar del Rio, Sagua la Grande, Manzanillo, Cardenas, Matanzas, Cienfuegos and Santiago. Suitable bank buildings of classic style patterned after the home office will be erected as soon as possible. The plans for the Santiago and Cienfuegos structures have been ap- proved and work will begin at once. Regarding the present business outlook, President Vaughn is optimistic. The short sugar crop will be offset by higher prices for the product. While the prevailing rate of interest is high this is not Cuba's fault. It is due to the fact that railroads and mill owners who were accustomed to bor- row capital in Europe and in the United States were unable to do so this year be- cause of the financial stringency abroad and bad to t
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