SPECIAL REPORTS FOR FEDERAL TRADE COMMISSION, . 121
Sugar combination—The Sociedad General Azucarera de Espafia
has its principal office at Alarcon 7, Madrid. It is an anonymous
company, whose object is the exploitation of sugar mills, refineries,
and distilleries brought into the company by its founders, as well
as the purchase, rent, and exploitation of all other sugar-producing
mills, exploiting them on its own account or on commission or ceding
them to a third person. It may purchase, rent, and exploit any other
industries which are related to the sugar industry; build mills, warehouses,
 and stores; buy, rent, and exploit land for the cultivation
of raw material; adjust, administer, collect, or lease to the State,
Provinces, or municipalities all classes of taxes or imports related
to the sugar industry and grant or make such contracts as this object
may require. It may also issue bonds, sell, or give as guaranty its
property, and perform all mercantile, industrial, and financial operations
 that may be necessary. The company was organized with a
capital of 143,000,000 pesetas ($25,740,000), represented by 286,000
shares, consisting of 200,000 shares of preferred stock and 86,000
common stock.
The vice president of this sociedad is Javier Gil y Becerril;
director general, José Guillén Sol; and secretary, Luis de Valle y
Aldabalde. On its board of directors are Antonio Garcia Gil, Julio
Otero, Conde de Sert, Marqués de Canillejas, Domingo Juliana,
Antonio Rayo Villanova, Marcelino Lirio, Conde de Agiiero, Antonio
 Basagoiti, Tomés Castellano y Echenique, Basilio Parafso, Marqués
 de Santa Maria de Carrizo, Eusebio Bertrand, and Tirso
Rodrigafiez.
There are 50 beet and cane sugar mills associated in this company,
outside of which 29 beet and cane sugar mills are operated independently.

The domestic consumption of sugar is practically covered by the
sugar mills of Spain, and, as it does not even keep pace with the
production, the mills have been closed during a part of the year.
The potential production of sugar in Spain has caused an agreement
between most of the sugar mills of the Kingdom to limit their
production to prevent a drop in prices. Recently, owing to the fact
that more sugar could be disposed of for export, it was agreed that
each mill should increase its output by 30 per cent.
The State collects a tax on all sugar produced in Spain. Thirteen
thousand two hundred and twenty-six metric tons of sugar were
exported during 1914, and the total production during that year was
147,770 metric tons. During August, 1914, owing to the European
war, the exportation of sugar from Spain became more active than
formerly. The first shipments and the most important were sent to
England and continued to be sent there until that country prohibited
the importation of this product. Sugar was EE sent to
the Canary Islands and &amp;panish and French possessions in North
Africa. Later on exports were made to Portugal. The sugar exported
 by the Sociedad General Azucarera de Espafia during the
Sugar campaign 1914-15 amounted to 4,960 tons.
he Spanish customs duty on imported sugar is 60 pesetas gold
($11.58) per 220.4 pounds, or about 5 cents a pound net weight,
which would at the present moment militate against successful cometition
 by American sugar producers. Sugar-beet seed is required
here to replace shipments from Germany, where its export is now