The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1888-10-30
TuEspAy. Octoher 3Otb

TUESDAY, October 30th.
The meeting was called to order
at 1910 by President Baldwin.
Minutes read and approved.
Secretary Smith read the follow
ing report
To tie Stockholders ofMe Planters
Labor and Supply Company:
Your committee appointed to con-
slider and report upon the subject
of the reorganization of the Com
pany present the following report ::
After consideration and consulta-
tion we have arrived at the conclu-
sion that we cannot recommend any
change in the organization of the
Company, for we believe it better
that the organization should be
maintained as at present established
under the charter Of Incorporation !;
but in considering measures for fur
thering the objects of the associa-
ton and promoting its efficiency, we
have concluded TO make recommend
ations upon several points.
The first relates to those stock
holders who are in arrears in the
payment of assessments
The second to the method of Sc
curing funds necessary for defray-
ing current expenses;
And third to the extension of the
work with the object encouraging
the development of agricultural pro-
ducts TO which the Company has
not heretofore given special atten-
ton.
Eirst-We recommend that stock
holders in arrears for assessments
heretofore levied be restored to all
the rights and privileges of stock
holders upon their again taking ac-
tive part in the affairs of the Com
pany, and hereafter paying their
proportionate share of the current
expenses. That all such steckhold-
ers so engaging be discharged from
liability under past assessments.
And that greater efforts be made
to encourage all the sugar planting
and manufacturing interests of the
country to combine with the com
pany IN seeking the common good.
These interests will not only be thus
benefited, but the welfare of the
whole country will be conserved.
We submit herewith an amend
ment to Article Nv. of the BY Laws,
providing for the restoration of de-
linquent stockholders, in accordance
with the foregoing recommendation
which we trust will be adopted.
iSecond-We recommend that for
the coming year no assessments be
levied upon the shares of stock, but
that an annual membership fee be
paid as follows:-
Each plantation or mill interest
to pay S25.
Each individual stakeholder to
pay SIS.
About 81 800 will be required to
pay the present liabilities of the
Company and to pay the running ex-
penses during the year. And if all
the plantations whom it is reason
able to expect will cooperate, and
the individual stockholders will bear
this light expense the financial needs
of the Company will be provided
for.
If this plan is adopted the contri-
buttons will not be in the nature of
stock assessments, but merely as
annual fees.
1hird-We recommend that three
new standing committees of three
members each, be appointed from
among the stockholders, to investi-
gate and report at the next annual
meeting upon the following indus
tries, namely:
l. Coffee and Tea.
2. Tobacco.
3. Ramie.
We believe that attention should
be given to every agricultural pro-
duct which may tend to develop the
resources of the country. And we
trust that careful research and
thought may be bestowed upon each
of these subjects.
We further recommend that tho
Board of Trustees resume the prac-
tice of holding stated quarterly
meetings. We believe that such
regular meetings produce good re-
suits.
And that the Board of Trustees
take into consideration the advisa-
bility of holding an agricultural
fair at Honolulu, during the coming
spring or summer. And that they
be authorized TO take such action in
the matter as they may deem best.
We would also recommend that
Article V. of the BY Laws be
amended so as to admit of the annu-
almeeting of the Company being
held during some month other than
October in case it should seem adj
yisable so to do.