The Hawaiian gazette., 1918-02-08
OBSERVATION-DISCLOSURES
WILL SEE FULFILLMENT
OF CUBAN CONTRACTS

HAVANA, Jahuary lo-A "cuban
Sugar Expectation Committee has
been appointed by President Menocal,
consisting Of Ave members. Senior Car
Jos de zafdo, ebairman, and senores
Carries Dufau, Ignaeio -Almagro, Luis
R. Munos and HeJbsrto Lobo, who will
have authority to adopt any methods
they deem necessary to fulfill the con
tract the Cuban producers have with
the International sugar committee, and
faeiiitate the shipments of the sugar
according to the conditions specified in
the contract. - Fsatt f".Ei 34 =,
81 The committee Is authorized to or
ganize an Office, through which all bust
ness in connection with the expectation
of sugar must be transacted; expenses
Of this ONCE win be paid by the Cuban
government. The committee has lost
no time in starting to work, and as the
men composing il are all well known in
the sugar industry, II Is expected that
they will accomplish o great deal in
moving the sugar crop successfully. A
circular letter has been sent out by the
chairman to the exporters aud adminis-
trators Of the centrais Of the island an
nouneihg the appointment Of the com
mittee, and its purpose, and asking for
cooperation on their part. II asks that
any difficulties or delays in, sugar ship
ments from the centrals be reported,
along with any suggestions that may
be offered as to the best way Of over
coming these difficulties. = @Hh' s}@a
Menccai Signs Contract ......,'
On january President Menocal sign
ed the contract for the sale of 2,50o, 900
tons Of sugar, as proposed by the in
ternational sugar eommittee, and at the
same time signed two other DEGREES of
great Importance to the Cuban sugar
producers. One fixed the price Of Cuban
sugar ut 49S1s cents pound at the
ports Of New, York and philadelphia,
o price based on the SS1a cent freight
rate fixed by the United States shipping
board to these ports, the price to be
higher II the sugar 10 shipped to other
American ports in accordance with the
freight rates fixed by the same board,
The prices for sugar shipped to Eu-
rope are set at AGO cents pound from
the north coast ports of Cuba, and 4.56
cents from south coast ports, Expor-
tation cannot be made to other coun-
tries without permission from the Gu
ban government and the Cuban Sugar
deportation Committee, and all sales
Mt price lower than that specified in
the contract with the United States and
allied countries are prohibited In the
second decree, upon fixing the average
price for liquidation Of the cane grow,
ers, the college Of brokers must take
into consideration warehouse expenses
loss in polarization during storage
freight, interest on money advanced
and q proportional part of the new i'm
post on sugar. II is estimated that the
total amount Of these expenses will
reach about .005445 cent q pound
which deducted from the price Of 4.6C
cents, leaves 1850 cents as a base Of
liquidation for the cane growers. There
hre some objections that this estimate
IL too low, and that the high rate Of
Interest which must be-paid on money
advanced this year and the loss In
polarization duIipg q much longer pc
Rod Of storage than usual viii tend Il
increase these expenses. The college Of
brokers will meet on Monday with thu
seefetary of agriculture to discuss tn,
best method of complying with this de
Crop wen Financed : ae' II.
The arrival IN Havana Of seno
Manuel Rionda, president of the Cub
Cane Sugar Cooperation, and Mr., u, y