The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1885-12-10

per hour. The estimated cost for artesian /
wells and dams sufficient to store water /
in the gulch referred to for a distance Of /
three miles is 1925 900.
1t is suggested that the company offer
this land to responsible cultivators, who
shall in the aggregate take up at least
from 300 to 5000 acres for cane cult
walton. The cane to be raised on shares
in the proportion Of, say five-eighths to
the planter and three-eighths to the COM
pany, which shall erect one or more
mills a. may be necessary The COM
pany TO furnish the means OF transpor-
tatiOn of cane to the mill, and sugar
to the landing for shipment, the labor of
cutting and loading the cane to be per-
formed by the planters.
1t is believed by gentlemen OF expe-
rience that this rich plain OF alluvial
soil, situated in most favorable locality,
will yield, with sufficient water for irri-
CATION, from five 10 seven tons OF sugar
per acre. l deem it perfectly safe, under
the proposed conditions, to estimate the
yield at four tons per acre for this
section. Suppose, ont OF the 5000 to
1000 acres Of this aIIxvial plain, , 800
acres Of cane are taken off annually,
yielding Jour tons per acre, ora total crop
Of 1900 tons, three-eightIIs OF which
became the property OF the mill or com
pany. This woulI BE- say ), 10 tons of
sugar which, at present value, would
net 1919 900.
Now, what would it cost the company
to accomplish this result? The problem
is easily figured out by the aid of ex-
perience in the sugar industry of the
country. 1t would be somewhat as
follows:
Cost of Bottom mill. say .... $3.50, 900
Cost water supply for mills and
dams. ..............-.... $500. 125 900
Cost tramway and ears for trans
porting cane and sugar, say 5000
Total estimated outlay ... $500 900
On this estimated outlay OF $500 900,
which is "A liberal one, 1 allow the follow
ing reductions:
Interest at 8 per cent ~. - $27, 900
Wear and tear on mill and tramWav,
and repairs To- dams, say ....... $4,000
Current expenses, taxes, insurance,
etc .i............ .'.......-... $1,000
Total annual expense $13O, 900
Ii this amount for annual outlay under
every legitimate head of expenditure be
deducted from $375, 900, the value Of
seasons sugar crop, there is left bal
ance of $245, 900 and interest at per
cent on investment. This is calculated
on the basis Of existing prices. But sup
pose that the price of sugar should drop
40 per cent, or three cents per pound, as
an extreme limit, which is very unlikely,
there would be $4,000 to write off the
value of the sugar crop, reducing the
1915, 900 estimate to 1925 GOO. Now, de-
Quoting from this sum of 1925, 900 the
estimated expenditure of $4,000, there
would remain net profit OF 500, 900 and
interest at 8 per cent on the investment,
makinga total income on the investment
of 1922 900 per annum.
The 10000 acres proposed for colonial
ton is all, or nearly all, good rich soil,
commencing at the northwestern shore
OF Pearl HarbOr, extending up gradual
slope OF the Waianae foothills to an ele-
walton of about l 900 feet, large portion
of which may be irrigated by storing
water, as already mentioned; at the
northeast portion of the property, at an
elevation Of 700 feet, there is a flowing
artesian well, and mile or more south
of this well, ut an elevation of about 600
feet, there is Il large spring, the outflow
! of which forms considerable stream of
water; and in this section of country, it
is quite evident that Il vast quantity of
water can be had by cleaning out springs
/ and tapping subterranean water courses
which drain the large swamps on the
top of the highest peak OF the Waianae
/ Mountains. This being the most ele-
waited point OH the island of Oahu, is nat
urally favored with a large rainfall.
These streams may be easily gathered
and stored in reservoirs for irrigating the
uplauds.
Thirty-nine applications have been
already made for the purchase OF this
mountain-side land, to the extent of
I 1000 acres. The applicants, some OF
whom have been in this country many
years, appear to he satisfied that they
can do well for themselves by raising
fruit, vegetables, poultry, hogs, dairy
produce, etc, for which there is in Homo
lulu Il limited market at fair prices.
There is sure and paying market for
sugar, and there is no reason why hun
dreds of families should not be settled
upon this land, each with farms of from
ten to one hundred acres; and besides
diversified products which they might
grow, including the chief part of their
own living, they could cultivate cane
each in lots of from five to seventy-five
acres, according to the area and capital
possessed by each man.
The company could well afford to man
ufacture the sugar and give these settlers
three-fourths OF the product of their
crops Suppose Il man had five acres of
cane well cared for, it would doubtless
yield four to five tons of sugar per acre
say four tons, or total of twenty tons.