The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1857-05-14

The first annual meeting of the stockholders of the
Hawaiian Flour Co. took place May 4th, according to
the provisions of the charter, for the purpose of ex-
aiming into the state of the company's affairs and
electing officers for the coming year. The Treasurer
and Agent of the Company, ]. F. B.. Marshall, ESQ.,,
submitted a report of the transactions of the year, by
which it appears that the affairs of the company are
in q highly prosperous state. An abstract of the re-
port will be found below: The following officers were
elected:
r. ARMSTRONG, President.
r. @. WYLLIE, Vice President.
J. FULLER, Secretary.
j. z. b. MARSHALL, Treasurer.
6. NJ. ROBERTSON, Auditor.
ABSTRACT OF AGENTS REpoRT.-The Hawaiian
Flour Co. was Incorporated by q charter from the
Minister of the Interior on the 25th April, 1856, with
a capital of $16, 900, in 100 shares of 800 each.
On the 9th of February a dividend of Sd, 900, being
% per cent. on the stock was declared, and on the
4th of May, the Company was free from debt and the
value of its assets were $4,000, showing a net gain
for the year of $4,000, including the dividend paid.
This satisfactory result is mainly attributable to the
advantageous purchase Of a cargo of Chile wheat
which was bought on very low terms. This, together
with the high price at which -four has ruled during
the past season, has increased the net earnings of the
OAAP1A ~ o. SISOeSA AUS tA0h NoA w oLoiClpdtC0
for the future.
The wheat crop on Maui which has bean purchased
by the Company, amounted to 10, 800 bushels. In
addition to this, perhaps 5000 bushels have been
used for seed and in other ways, which would make
the whole Maui crop about $500 bushels. The
cargo of Chile wheat amounted to 8,119 bushels. 1t
was of superior quality, and mixed with Maui wheat
made the best -four that has been manufactured at
the mill, and was generally considered superior to
imported -four. Many of the wheat growers pro-
cured the Chile wheat for seed, as it is considered
superior to the Island wheat. The Company has
manufactured 900 barrels of -four, which found a
ready sale. The mill has been unable to supply the
demand, the orders having generally been from 200
to 800 barrels in advance of the supply. 1t has all
been packed in bags of so pounds each.
The cultivation of wheat is well adapted to natives,
and is gradually extending among them. The amount
of wheat sown last year on Maui by foreigners and
natives, is variously estimated at from 10 to 1900
acres, and that of this year at from 1900 to 1000
acres. The growing wheat was nearly all cut down
by caterpillars, but has recovered from their attacks
and is now looking finely. From present appear
ances, o crop of from 10000 to $1,000 bushels it is
said may be anticipated.
At present we can only look to the Makawao region
of East Maui for a crop, but it is very important that
its cultivation should be introduced into other parts
of the group. The Board of Managers having taken
measures to effect this object, seed wheat has been
sent to Kau, on Hawaii, which is growing well. There
are doubtless large tracts on that island suitable for
the cultivation of wheat, and if the natives can be
induced to undertake what is now an entirely un-
known branch of agriculture, wheat will doubtless
soon become an important branch of the products Of
that island.
1t has been suggested that a portion of the surplus
earnings of the Company, be devoted to extending
the cultivation of wheat in other parts of the group.
The risk of loss of a crop by worms or other local
causes, would be thus diminished, an important
branch of industry opened to the people, and the
money now sent abroad for the purchase of foreign
-four, would be retained in the country. A few hun
dred dollars judiciously expended in the purchase of
ploughs and other implements, to be furnished on
credit to natives of good character who are DESTROYS
to undertake the cultivation of wheat. would prove
to be well invested.
Mr.. D. NJ. Weston, the miller Of the Company, is
now absent on a visit to California, where he will
visit the Touring mills of that State, with the view of
ascertaining what alterations and improvements are
! needed IN the Company's mill. Should the managers