Denise Milani La Fitness

Gazette - Law Gazette 891

Official Gazette of Cuba
Oswaldo Dorticos Torrado, President of the Republic of Cuba 13/10/1960 From Special Edition Republic of Cuba - Havana, Thursday, October 13, 1960 Year LVIII Volume XIX Number

Weekly. EXECUTIVE

MINISTRIES. OSWALDO

Dorticos Torrado, President of the Republic of Cuba. I know: That the Council of Ministers has agreed and I have sanctioned the following: WHEREAS, the monetary and credit policy is part of the general economic policy of the Government and key strategic role in the allocation and orientation of the productive resources country. WHEREAS: It is essential to transform the old banking structure of the nation and adapt to new economic conditions created as a result of the revolutionary process. WHEREAS, the creation of money and credit allocation should be public functions relate exclusively to the state, according to the requirements of economic planning, and should not be undertaken by private companies operating under the spur of profit and further consideration to the interests of the individual to the collective. WHEREAS: To achieve the above goals is necessary therefore to nationalization and expropriation in favor of the State of all domestic private banks operating in the country, prior to the final structuring of the system national banking. THEREFORE, in exercise of the powers are vested in the Council of Ministers resolves to issue the following: Law No. 891

ARTICLE 1: public function is declared hereafter bank may exercise the State Agencies created by the effect under the existing laws are not in contradiction with the provisions of this Act For the purposes of the preceding paragraph shall mean that the banking function includes all operations performed deposit banks and credit, capital and savings, mortgage, building and development and, in general, all other operations achievable by banking institutions of any kind.

ARTICLE 2: In accordance with the statements in the preceding article, provides for the nationalization, through eminent domain and, therefore, are awarded in favor of the Cuban all national private banks, whether deposit banks and credit, mortgage, or building and development as well as all property, rights and shares held by banks listed in the national territory, including its accounts and bank deposits abroad. Declared as the public interest or national or social interest and in support of the need for such expropriations which is entered in the For many of this Act

ARTICLE 3: It provides that the nationalization and subsequent award to the Cuban State is ordered in the previous article takes effect through the Bank Nacional de Cuba, as an autonomous body responsible for governing the function of the state bank. Consequently, states the National Bank of Cuba as a legal continuation subrogated to the location and extent of natural or legal persons referred to in Article 2 of this Act, in respect to the assets, rights and actions referred to and transferred and same all assets and liabilities of the banking institutions under the present law

ARTICLE 4: As a result of the provisions of Article 2 of this Act and the subsequent takeover by the National Bank of Cuba of the assets and liabilities of legal persons in companies affected by this Act is declared dissolved and extinguished the same, all legal purposes.

ARTICLE 5: Declare persons entitled to compensation for expropriation arranged pop, partners or shareholders of legal persons or companies are dissolved and extinct. The subsequent payment of compensation will be done by the National Bank of Cuba, social liquidated assets or shares, and as dividends or profits accrued to the date of enactment of this Act, according to the evaluation system to select the President of the National Bank. The payment of such compensation shall be made after the closing date of the operations of Banco Nacional de Cuba, on December 31, 1960. To this end the National Bank of Cuba shall offset the amounts of compensation for the debts of the partners or shareholders with any of the nationalized banks.

ARTICLE 6: balances resulting from the said settlement in favor of the partners or shareholders who have the right to compensation paid in the respective bank accounts, or in default thereof, in which for this purpose to open in the appropriate agencies of the National Bank of Cuba on behalf of the Indemnitees.

ARTICLE 7: the said payments shall be made in cash compensation up to a maximum of ten thousand dollars, and consequently, fertilizers are verified in the respective bank accounts in accordance with the provisions of the preceding article may not exceed that amount. The excess, if any, shall be paid by bonds issued for that purpose the National Bank of Cuba, redeemable within a period of 15 years and bearing interest at 2% annually. ARTICLE

8: Current bank offices affected by this Act will continue to serve as agencies usually the National Bank of Cuba and will be administered, until otherwise ordered by the president of the National Bank, with separate accounts.

ARTICLE 9: From the effect of this, the Banco Nacional de Cuba is responsible for existing deposits in the banks affected by this law and guarantees the holder the normal development of related operations themselves, according to the nature of each deposit and the law.

ARTICLE 10: National Bank of Cuba to the Council of Ministers, following approval of the Central Planning Board, a draft law establishing the final structure and organization of the Cuban banking system so that, at least, involves the creation of an Agricultural Credit Bank and other Bank Industrial and Commercial Credit, and maintenance of the Bank for Foreign Trade of Cuba.

ARTICLE 11: are declared dissolved the Board of Directors and Shareholders of Banco Nacional de Cuba, and tdodas assume the functions and powers of these bodies, the President of the Bank advised by an Advisory Council which shall consist of officer more senior Bank for Foreign Trade of Cuba, the Agricultural Credit Bank and Bank Industrial and Commercial Credit. Until the enactment of the Act referred to in Article 10 of this, the President of the National Bank will take on its own, all of those faculties.

ARTICLE 12: Declared dissolved Stabilization Fund of the Currency, established by Decree No. 1358 June 10, 1939, and reorganized in accordance with the provisions of Title 11 of Act No. 13 of 23 December 1948, and provides that the National Bank of Cuba, full assume all duties of that body and substituting himself for the same degree respect to all its rights and obligations. To this end we created the International Department of Banco Nacional de Cuba "by a boss who appoint the president of the National Bank.

ARTICLE 13: The National Bank of Cuba may carry out all operations authorized by law and accepted by the banking industry, they are compatible with its new objectives and, in general, performing any operation involving all aspects of monetary policy, credit and exchange, without prejudice to the powers of the Central Planning Board.

ARTICLE 14: Incorporated in Banco Nacional de Cuba all headquarters, branches, agencies, branches or subsidiaries of all banking institutions affected by this law, which nevertheless remain subject to taxation and, therefore, required to pay the taxes, except that levied on corporate profits.

ARTICLE 15: banking institutions incorporated into the National Bank of Cuba shall implement a general balance of their operations by June 30 and December 31 of each year and the net profits for any reason the closing date these balances will be credited to the Central Treasury of the Republic in accordance with instructions issued by Minister of Finance who may agree with the National Bank of Cuba advances from profits.

FINAL FIRST

: The publication of this Law shall be put into liquidation on Deposit Insurance Fon instituted by Law-Decree No. 1852 December 22, 1954 and Mortgage Fund Insured (F.11.A) created by Law-Decree No. 2066 of January 27, 1955. The National Bank of Cuba is responsible for carrying out the liquidation. SECOND: The application of this Act Cap Banks and Savings is determined by the President of the National Bank of Cuba, subject the rules that dictate, in order to avoid labor movement, in accordance with the employment policy of the Revolutionary Government, and encourage public and subscribers of the depositors of these banks accounts are reinstated in the most favorable terms possible. THREE: staff currently employed in incorporated bank branches listed in its Annexes B) continue in office under the relevant collective bargaining agreements. The staff set out in Annex A) will also continue in office until such time as otherwise the Chairman of the National Bank of Cuba. FOURTH: Penalties - The chief executive officers, managers, administrators or guardians with the use of authorized signatures to disobey, interfere with or impede the execution of orders, regulations or instructions of the President of Banco Nacional de Cuba or his personal representative, in connection with the execution of this Act shall be punished with imprisonment of 6 months to 5 years and a fine of one thousand dollars to fifty thousand pesos shall be imposed according to the Court, taking into account the severity of the crime and damage to public property. If the offender while participating shareholder or Bank's capital in addition forfeit the right to compensation for expropriation provided in this Act FIVE: The property, rights and actions of the entities bank incorporated under the National Bank of expropriation provided for in this Act, whether movable or immovable nature, shall be transmitted immediately and directly to the Banco Nacional de Cuba, with no need for the transfer is stated in Register any kind, or formalize endorsements or assignments of the same. SIX: few are repealed laws or regulations contrary to the compliance of the provisions of this Act which came into effect after its publication in the Official Gazette of the Republic.

For Both: Command to run complied with and this Act in its entirety. Given the Presidential Palace in Havana, October 13 , 1960

OSVA LDO Dorticos Torrado Prime Minister Fidel Castro Ruz Díaz Rolando Astaraín Minister of Finance.

Prosumer Xlr Camcorder

Cuba - Law 890

Official Gazette of Cuba

Oswaldo Dorticos Torrado, President of the Republic of Cuba 13.10.1960 From Special Edition Republic of Cuba - Havana, Thursday, October 13, 1960 Year Weekly Volume XIX Number LVIII

MINISTRIES EXECUTIVE

OSWALDO Dorticos Torrado, President of the Republic of Cuba ...., I know: That the Council of Ministers has agreed and I have sanctioned the following: FOR WHEREAS: creative work of the Revolution, in its many aspects, is primarily based on the full development of the nation. WHEREAS: It is clear that development can not be achieved only through proper planning of the economy, growth and progressive rationalization of production and national control of the country's basic industries. WHEREAS: Many large private companies in the country far from assuming a behavior consistent with the objectives and goals of the revolutionary transformation of the national economy, have followed a policy contrary to the interests of the revolution and economic development, the signs more obvious and notorious have been the sabotage of production; extraction of cash without proper reinvestment, the overuse of the means of financing itself without use of operating capital to the ostensible purpose of accumulating cash and invest it abroad after obtaining illegal currency, and frequent neglect of direct address factories which in many cases, forced intervention by the Ministry of Labour in crisis avoidance preventive work that closing or reducing output they produce. WHEREAS: Such behavior is even more definitely against the interests of the revolution to occur despite substantially increased consumption of the country and therefore has expanded the domestic market for these companies. WHEREAS: The Nation's economic development has required, as a major constraint, the radical transformation of the structure of our foreign trade, which has set a national import control by the operation of "Bank for Foreign Trade Cuba "and it is evident that the livelihoods of the major importing companies operating under the single stimulus of profit and as intermediates in the mechanism of the distribution no longer fulfill any function in the national economy is an obstacle to the implementation of new foreign trade policy. WHEREAS: The revolutionary process became necessary to make laws to benefit the people whose content tended to settle the economic privileges of certain nuclei which, reacting violently, ignored and violated these laws, reaching even to the extent of financing the ill-gotten money to counterrevolutionary groups in open alliance with the financial imperialism and constitutes the best response to those activities that the revolutionary government, with quiet courage and enact the laws necessary to the defense and consolidation of the Cuban Revolution. WHEREAS: It is the duty of the revolutionary government to take the measures demanded by the circumstances set out in the past and for many settled permanently adopt formulas that economic power of the vested interests that conspire against the people, the process of nationalization of large industrial and commercial companies have not adapted or ever be able to adapt to the revolutionary reality of our country, while providing effective safeguards and to provide for different media the normal development of all those small and medium enterprises whose interests can and must match the major interests of the nation. WHEREAS: The nationalization should be verified by the condemnation of such industrial and commercial enterprises, as authorized by Article 24 of the Basic Law of the Republic. THEREFORE, in exercise of the powers are vested, the Cabinet resolves to issue the following LAW

No. 890

Article 1 .- nationalization is available through the condemnation of all industrial and commercial enterprises, as well as factories, warehouses, and other assets and rights of members of the same, owned by the following individuals or corporations:

GROUP "A" Sugar Mills
1. Honda Bay Central, SA, operator of Central Bahia Honda. " 2. Central El Pilar SA, operator of the Central Pillar. " 3. Central La France, SA, operator of the Central "La France" 4. Sugar Carmen Rita, SA, operator of the Central "Niagara." 5. Cia. Sugar Bramales, SA, operator of Central Orozco. " 6. Central San Cristobal, SA, operator of the Central San Cristobal. " 7. Gomez Mena New Sugar Company, Inc., operator of the Central "Amistad." 8. Toledo Central Sugar Company, operator of Central Fajardo. " 9. Gomez Mena New Sugar Company, Inc., operator of the Central "Gomez Mena." 10. Havana Sugar Company, Inc., operator of Central Havana. " 11. Hershey Corporation, operator of the Central "Hershey". 12. Josefita Central, SA, operator of Central Josefita. " 13. New Sugar Company Gómez Mena, SA, operator of Central Mercedita. 14. Marrero Güiro Sugar Company, Inc., operator of the Central West. " 15. Portugalete San José Central Company, Inc., operator of Central Portugalete. 16. Guines Sugar Company, Inc., operator of the Central "Providence." 17. Rosario Sugar Company, operator of the Central "Rosario." 18. Gomez Mena Sugar Company, operator of Central San Antonio. " 19. Toledo Central Sugar Company, operator of the Central "Toledo." 20. Central Araujo, SA, operator of the Central "Araujo." 21. Guamacaro Sugar Company, Inc., operator of Central Carolina. " 22. Ingenio Dolores, SA Central operates the "Dolores." 23. The Hires Sugar Company, operator of the Central "Roses." 24. Central Sugar Company Elena, SA, operator of the Central "Elena." 25. Guipúzcua Sugar and Cattle Company, Inc., operator of Central Guipúzcua. " 26. Indarra Agricultural Company, Inc., operator of Central Porfuerza. " 27. Progress Sugar Company, Inc., operator of the Central "Progress." 28. Central Puerto, SA, operator of Central Puerto. " 29. Ingenio San Ignacio, SA, operator of the Central San Ignacio. " 30. Coliscan Sugar Company, Inc., operator of the Central "Santa Amalia". 31. Central Santa Rita, SA, operator of the Central Santa Rita.. 32 Central Soledad, SA, operator of the Central "Solitude". 33. Tinguaro Central, SA, operator of Central Tinguaro.. 34 Agricultural and Industrial Company La Julia, SA, operator of the Central "Triumph". 35 . Adela Central Sugar Company, Inc., operator of the Central "Adela". 36. Azucarera Amazonas SA, operator of the Central Amazon. "37. Andreita Central, Sugar Company, Inc., operator of Central Andreita.. 38 Central Caracas SA, operator of the Central "Caracas". 39. Carmita Sugar Company, Inc., operator of Central Carmita. 40. Azucarera Crossroads, Inc., operator of Central Constancia.. 41 Heart Sugar Company Jesus, Inc., operator of the Central "Heart of Jesus." 42. Escambray Central, SA, operator of Central Escambray. " 43. Sugar Camajuaní, SA, operator of the Central "Faith." 44. Fidencia Central, SA, operator of Central Fidencia. " 45. Macagua Central Sugar Company, Inc., operator of Central Macagua. " 46. Central Manuelita, Sugar Company, Inc., operator of Central Manuelita. " 47. North American Sugar Company, operator of Central Narcisa. 48. Ingenio Natividad, SA, operator of the Central "Nativity." 49. Nazabal Central, SA, operator of Central Nazabal. " 50. Pastora Central SA, operator of Central Pastora. " 51. Central Perseverance SA, operator of the Central "Perseverance." 52. Sugar Luzárraga, SA, operator of Central Portugalete. 53. Caibarién Sugar Company, Inc., operator of the Central Reform. " 54. Gomez Mena New Sugar Company, Inc., operator of the Central "Resolution." 55. It is Central Sugar Company, operator of the Central "It." 56. Central San Augustine, SA, operator of the Central "St. Augustine" (L). 57. Tropic Industrial Corporation, SA, operator of the Central "San Agustin" (B). 58. Cienfuegos Sugar Company, Inc., operator of Central San Francisco. " 59. Industrial and Agricultural Society Burning Guines, SA, operator of the Central "San Isidro". 60. Lessee Company San Jose, SA, operator of Central San Jose. " 61. Sugar Margam, SA, operator of the Central San Pablo. " 62. Santa Catalina Central, SA, operator of the Central Santa Catalina. " 63. Sugar Santa Isabel, SA, operator of the Central Santa Isabel. " 64. Santa Lutgarda Central, SA, operator of the Central Santa Lutgarda. " 65. St. Mary Central, SA, operator of the Central Santa Maria. " 66. Santa Rosa Sugar Company, Inc., operator of the Central Santa Rosa. " 67. General Mills Company SA, operator of the Central "Santa Teresa". 68. Trinsuco Trading Company, SA, operator of Central Trinidad. " 69. Ulacia, SA, operator of Central Ulasia. " 70. Central Sugar Unit, SA, operator of the Central Unit. " 71. Caribbean Sugar Producing Company, operator of Central Victoria. " 72. Sugar Zaza, SA, operator of the Central "Zaza." 73. Adelaide, Sugar Company, Inc., operator of the Central Adelaide. " 74. Cotton Mill Sugar Company, Inc., operator of the Central Cotton. " 75. Sugar Sibanieú, SA, operator of Central Najasa. " 76. Homeland Central Sugar Company, Inc., operator of the Central Fatherland. " 77. Sugar Company Buena Vista, SA, operator of the Central "Punta Alegre." 78. Santa Central Marta, SA, operator of the Central "Santa Marta". 79. Senate Central, SA, operator of the Central "Senate." 80. Siboney-Central Camaguey, SA, operator of the Central "Siboney." 81. Central Violeta Sugar Company, Inc., operator of the Central "Violet." 82. Alto Songo Sugar Company, Inc., operator of Central Algodonal. " 83. American Sugar Company, Inc., operator of Central America. " 84. Antilla Sugar Estates, the operator of Central Baguanos. " 85. Bellona Sugar Company, operator of Central Baltony. " 86. Borjita Sugar Company SA, operator of Central Baltony. " 87. Holguin Sugar Company, Inc., operator of Central Cacocum. "88 Cape Central Cross SA, operator of the Central "Cape Cross." 89. Operator Dos Amigos, Inc., operator of the Central "Two Friends." 90. Cuban Eastern Sugar Company, Inc., operator of the Central "Hope." 91. Estrada Palma Sugar Cooperative, Inc., operator of the Central "Estrada Palma". 92. Vican Sugar Company, operator of the Central "Isabel" (B). 93. Mabay Central Sugar Company, Inc., operator of Central Mabay. " 94. Macco Sugar Company, Inc., operator of Central Macco. 95. Niquero Central, SA, operator of Central Niquero. " 96. Cuban Canadian Sugar Company, operator of the Central "Singing River." 97. Central Salvador, SA, operator of the Central "Savior." 98. Yateras Sugar Company, operator of Central San Antonio. " 99. Fidelity Sugar Company, Inc., operator of Central Saint Germain. " Eastern 100.Azucarera San Ramon, SA, Central San Ramon. " Lucia 101.Santa Company, operator of the Central Santa Lucia. " Agricultural 102.Compañía Yara, SA, operator of the Central "Sofia." . 103.Antilla Sugar Estates, the operator of Central Tacajó. " Sugar 104.Compañía Tánamo of Cuba, Central operator "Tánamo" 105.Central Union, SA, operator of the Central Union. "

GROUP "B" D estilerias
1. José Arechavala, SA 2. Cia. Destiladora San Nicolas, SA 3. Cia. Distillers Paradise, SA 4. The Francisco Sugar Co. 5. Destilling Nauyn Co. 6. Cia. Western Alcohol SA 7. Cia. Agricultural Alcohol Defence SA 8. Cia. General Destiladora, SA 9. Cia. Agricultural Indarra, SA 10. Cia. Sugar Progreso, SA 11. Cia. Zumaquera Industrial, SA 12. Cia. Commercial Trinsuco, SA 13. Reed Industrial Derivatives. 14. Incera y Hnos, SA 15. Cia. Destiladora Laguabo, SA 16. Cia. Destiladora Orienta, SA 17. Credit and Development, SA 19.Destilería San Miguel, SA

GROUP "C" Liquor
1. Cia. Ron Bacardi, SA 2. Brewery Model SA 3. Central Brewery, SA 4. Cia. International brewer SA 5. New Ice Factory, SA 6. Cia. Brewery Cuba, SA

GROUP "D" Soaps and Perfumes
1. Crucell and Company., SA and SA 2 Cuban Detergents. Sabt Industrial, SA, and Products Detergents SA 3. Cia. Meneen de Cuba, SA

GROUP "E" Dairy
1. Cia. Dairy Cuba, SA 2. Cia. Industrial Electric SA 3. Derivados de Leche, SA 4. Cia. Dairy Operator, SA 5. Cia. National Food Authority, SA

GROUP "F"
Chocolate Factories 1. Industrial and Commercial Cuba, SA ("Star") 2. Ambrosia Industrial, SA

GROUP "G" Flour Mills
1. Eastern milling, SA

GROUP "H" Packaging Factory
1. Industrial and Commercial Packaging, SA 2. Sobrino Francisco Ovalle. 3. Modern cans, SA 4. Perga packaging of Cuba, SA 5. Hubert and Company. 6. General Industry Cartonera, SA 7. Printing and Packaging Industrial, SA Perez Hermanos, SA

GROUP "I"
Paint Factory 1. National Paints Factory, SA 2. Pittsburgh Plate Glass International, SA 3. The Sherwin Williams Co. of Cuba, SA 4. Dupont Chemical Co.
Interamerica

GROUP "J" Chemical
1. American Agricultural Chemical 2. Electro Chemical del Caribe, SA 3. Cia. Zimotécnica de Cuba, SA

GROUP "K" Basic Metallurgy
1. Cia. Coffee Distribuidora Nacional, SA 2. Casting Pujol, SA 3. Aluminum tubes, SA 4. Vidal Brothers Metal Specialties, Inc. 5. Panama Products Co., Inc. 6. Health Pujol, SA

GROUP "L" Stationers
1. The Bohon Trading Corp., (Commercial Co. Bohon, SA) 2. Modern Trash, SA 3. Cia. Lithographic Havana, SA 4. Trash old Cuban, SA 5. Trash Rio Verde, SA 6. Peter A., \u200b\u200bLopez and Sons. 7. Antonio Suarez y Cia.

GROUP "M" Lights
1. Lamps Quesada, SA

GROUP "N" Textiles and Apparel

1. Mascot Apparel, SA 2. Sox Factory Corona, SA 3. Gold Seal Hosiery, SA 4. Soltex tissues, SA 5. Textiles & Apparel Dog, SA 6. López Paz y Cia. S. in C. 7. Garcia Brothers, and Co.. 8. Pico Villar and Co.. 9. Holly Perez y Cia. 10. Ortiz and Brother. 11. Lopez y Cia. 12. José Matos y Cia. 13. Kaba Brothers 14. Klepach and Brothers 15. Basehead Carrio and Co. 16. Screams and Co.. 17. Prado Garcia and Co.. 18. Seiji Martinez and Co.. 19. Hnos. Ferreira and Co. 20. Bernardo Gonzalez 21. Fraguel Fajo and CIA. 22. Garcia Hnos., E CIA. 23. Abascal Hnos., E CIA. 24. JM Díaz and Co.. 25. Lejarza and Co.. 26. Villamil Martinez and Co.. 27. And will arrange Hnos. 28. Legs & Co.. 29. Joseph A. Rodriguez and Co.. 30. Aguirre, Villar and Co.. 31. Alvarez, Suarez and Co.. 32. Lopez Paz and Co. 33. Emilio Leyva and Co.. 34. Azze Hosiery Mills, SA 35. Fabric Ribbon Co.. of Cuba, SA 36. Textile Mayanbeque, SA 37. Glamour Textile, SA 38. Textiles Calabaza, SA 39. Textile Industry Nemaseda, SA 40. Cordelia Carranza, SA 41. Antex SA textile factory 42. Libertarian Piñon Mayor. 43. Exclusive Apparel, SA 44. Apparel Vigil, SA 45. Cia. Garment Dibes 46. Cia. General Clothing, SA 47. Benigno Fernandez Gomez 48. Female Creations, SA 49. Textile El Roble, SA 50. Garment industry, SA 51. Cia. Garment SA 52. Isidoro Marín Padilla 53. Joseph M. Menendez 54. Sedanita Textil SA 55. Manuel Galluzi 56. San Antonio Textil, SA 57. Apparel Rayda SA 58. Cia. Onix de Cuba 59. Modern Apparel Bejucal, SA 60. Glamour and Textiles, SA 61. Tricana Textile, SA

GROUP Ñ Rice Mills
1. Mateu Cecilio Sosa 2. Los Palacios SA Rice Mill 3. Alfonso Hermanos y Cia. 4. Estaban y Felipe Cacicedo Gutiérrez 5. Molinos Arroceros de Camaguey, S.A. 6. Molinos Arroceros Valles , S.A. 7. Molino Arrocero Castaño S.A. 8. Molino Arrocero Jayama, S.A. 9. Molino Arrocero Jagua, S.A. 10. Manipuladora Agrícola, S.A. 11. Vila, Alvarez y Montero 12. Agrícola Industrial Garata, S.A. 13. Pérez Castillo 14. Molino Arrocero La Paloma 15. Molino Arrocero Saneti Spiritus 16. Central Sta. María

GRUPO "O" Productos Alimenticios
1. Industria Ferro, S.A. 2. Conservas Selectas, S.A. 3. Abuin López y Cía. 4. Compañía Empacadora La Unión, S.A. 5. El Ebro, S.A. 6. Víveres y Conservas Wilson, S.A. 7. Carvajal Ferro, S.A.

GROUP "P" Oils and Fats
1. Vegetable oils, SA 2. Horshey, SA

GROUP "Q" Grocery Stores
1. J. Perez, SA 2. Peláez Pires, SA, Import and Export 3. Cia. Northern food imports, SA 4. Lorel Sanchez de Mola Importers, SA 5. Graells y Cia. S. in C. 6. Roza & Cia. 7. Cagigal Hernández y Cía. 8. Tous y Cia., SA Import and Exporters. 9. Rodriguez y Cia. 10. J. Noval, S. in C. 11. Storing Groceries Rafael Martínez SA 12. Casas y Cia., S. in C. 13. Br Porbén and SA 14. Pio Ferro children. 15. Co. in C. Artemisa, SA 16. Stores Green Cross 17. Margallon, Vázques y Cia. 18. Swift and Company. 19. Marcelino Gonzalez y Cia. 20. Piñan, Arxer y Cia. 21. Viv Luis Vega Castaños. 22. F. Bonet and Company. 23. Sucro & Co., SA 24. Prados and S. Brothers in C. 25. Condra and Tenreiro, SA 26. Suc. Santeiro y Cia., SL 27. Otero y Cia. 28. Suc. F. Suarez y Cia. 29. Framil, Garcia y Cia., S. in C. 30. Commercial Balcells, SA 31. Cacicedo y Cia., SL 32. Garcia, Barquin y Cia. 33. Suc. Alonso y Cia. S. in C. 34. Garriga, SA 35. V. Fornis y Cia., S. in C. 36. Holguin Commercial & Industrial, SA 37. Georgiana packaging company SA 38. Viv San Juan, SA 39. Cia. Granera. 40. Pardo Amadeo Estrada 41. Llobera and Co., S.en C. 42. Cerda, Llanos y Cia. 43. Fernandez Grocery Importing Nuevitas, SA 44. Cia. Industrial and Commercial SA Casal 45. F. Alvarez y Cia., SL 46. Perez, Rodriguez y Cia. 47.Imp. Rodriguez SA

GROUP "R" coffee roasting
1. The Diana, coffee roasters, SA 2. Cia. Commercial Tupy, SA 3. Coffee roasting Las Villas, SA 4. Baquedano & Cia. 5. Cia. Comercial La Flor de Tibes, SA 6. Souto and Company., S. in C. 7. Trout & Co. Br. 8. Carbajosa and Alvarez 9. Martinez and Bulnes 10. López y Rivas 11. The Leader

GROUP "A" Drugstores
1. Drugstore Sarra, SA 2. Drugstore Johnson, SA 3. Taquechel drugstore, SA

GROUP T
Department Stores 1. Fixed Prices, SA 2. Flog shops, SA 3. Lopez and Rio. S. in C. (English Bazar) 4. Menendez Brothers (New Island) 5. La Isla de Cuba SA 6. Cia. Stocking Distributor, Inc. (Roseland) Hosiery Distributors Corp. 7. Philosophy, SA 8. Sixto & Co. Gabriel. SA (End of the Century) 9. Solis, Entrialgo y Cia., SA (The House) 10. Fabrics La Epoca, SA 11. Mola Sánchez y Cia., SA 12. Storing Ultra, SA 13. Silk clothing stores and the Opera, SA

G ROUP U Railway companies
1. Consolidated Railroads of Cuba, SA 2. Hershey Railroad Terminal 3. Eastern Consolidated Investments, SA 4. The Cuba Railroad Company 5. Cuba Northern Railways 6. Cia. Guantánamo and Western Railroad 7. Consolidated Omnibus Cuba 8. Cia. Development of Puerto Tarafa

GROUP "V" Printing
1. P. Fernandez y Cia., S. in C. GRUP

O "W" and Cinemas Film Circuits
1. Theatrical performances, SA 2. Astral circuit 3. Circuit Race 4. Diaz and Brother 5. Film Radiocentro 6. Cine Arenal 7. Cinema Alcázar 8. Alameda Film 9. Miramar Cinema 10. Film Mara 11. Santa Catalina
Film

GROUP "X" Construction
1. Concrete Caribe SA 2. Central Mix 3. Cantera Caribbean 4. Concretera Terrace, SA 5. Flooring and Building Materials Camon, SA 6. Transportation Camon, SA 7. Timber Antonio Pérez, SA 8. Perez and Brother SA 9. Cancelo Wooden Co., SA 10. Pressure pipe Cuban, SA 11. New Company Perdurit Asbestos Cement Products, Inc. 12. Cia. Paver Atlas, SA 13. Quarry operator Atlas, SA 14. Equipment Bar and Cafe, SA 15. Master Electric, SA 16. Structural Concrete industry 'Pre-Made, SA 17. Pottery Industry Azorín, SA 18. Factory Mosaics La Cubana 19. Asphalt Transport Oriega, SA

Group "and" Electricity
1. Cia. Electricity Hernandez and Brother

GROUP "Z" Maritime
1. Maritime Union Operator, SA 2. Beguiristain dock. 3. Assistant Terminal Marítima, SA 4. Rule Coal. 5. Pier No. 9 Cash secured the port of Sagua 6. Pita and Company. S. in C. 7. Stores Casilda SA 8. Pier Warehouse Sarriá Jagua, SA 9. Warehouse Dock Jagua Avilés, SA 10. Cacicedo Cacicedo spring and Co.. 11. Joseph Donesteves Donesteves spring 12. The Maritime SA 13. Eastern Terminal Ports. ARTICLE

2: are awarded, therefore, in favor of the Cuban State, all property, rights and shares of companies listed in Article 1 of this Act, transferred all its assets and liabilities and accordingly, the State declares subrogated to the location and extent of your natural or legal persons claiming the companies mentioned.

ARTICLE 3: Administration and Management of commercial and industrial enterprises that are left allocated to the State by this Act are assigned to the following organizations and agencies: 1) Companies included in Group A are assigned to General Administration Department Wits National Industrialization Agrarian Reform. 2) Companies included low Group B to N, inclusive, are allocated to the Department of Industrialization of the National Agrarian Reform Institute. 3) The companies listed in the groups N to P, inclusive, are assigned to the Production Department of Agrarian Reform Institute. 4) The companies featured in the groups Q to T, inclusive, are assigned to the Commercial Office of the National Agrarian Reform Institute. 5) The companies listed in Group U, are assigned to the National Transport Corporation. 6) The undertakings listed in Group V, is assigned to the National Press of Cuba. 7) The companies that appear related in Group W, is assigned to the Institute Cuban Cinematographic Art and Industry. 8) The companies involved in Groups X and Y, are assigned to the Ministry of Public Works. 9) The companies involved in the Z Group, are assigned to the Maritime Promotion Department.

ARTICLE 4: competent officials of state agencies and departments to which they are assigned the administration and management of nationalized enterprises, may assign to each of the managers they choose, without prejudice to the powers Central Board of Planning.

ARTICLE 5: consequential expropriations and nationalizations and awards on behalf of the Cuban State of the companies mentioned in Article 1 of this Act are extended to the company or relatives of those subsidiaries, which will be effected by means of resolutions issued by the heads of agencies or government departments who are assigned management and business administration specifically appropriated by this Act

ARTICLE 6: causes are declared as public utility and social and national interest and the need for expropriation, displayed many of the For this Act

ARTICLE 7: Ways and means of payment of benefits accruing to individuals or Legal affected by the expropriations that are available in this Act shall be regulated by a subsequent law. To this end, the Central Planning Board shall submit to the Council of Ministers, within the shortest possible time, the draft Law for

TRANSITIONAL PROVISION

regard to industrial and commercial are currently operated by government agencies available, not included in this Act, empowering the Central Planning Board to proceed with the nationalization of falling in line with the principles of this Act, or otherwise, have to cease intervention.

DISPOSAL

few are repealed laws and regulations are contrary to the provisions of this Law, which will begin effective upon publication in the Official Gazette of the Republic. Therefore: Command is completed and running by this Act in its entirety. Given the Presidential Palace in Havana on October 13, 1960. OSWALDO

Dorticos Torrado Prime Minister Fidel Castro Ruz Díaz Rolando Aztaraín Minister of Finance.