The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1889-11-26
OUR SAN FRANCISCO LETTER
Per s. S. Mariposa, San Francisco.
November 10, 1889.
(From our special correspondent.)
(COntinued.)


Ter date of Nov. 18th, says: "H. A.
?. Carter, the Hawaiian Minister, re-
Gently returned to Washington after
a visit to his home in Honolulu. In
an interview this morning his atten-
ton was called to what was tele-
graphed from San Francisco on his
arrival there concerning the future
and treaty relations be-
tween the United States and his gov
eminent. Carter replied that there
was desire on the part of his gov
eminent for closer relations between
the Hawaiian Kingdom and the
United States. The minister was
asked if anything had been done Off
cially to formulate the wish Of his
country. Carter replied: I have
not yet formally presented any pro-
positions to the Secretary of State,
but expect to do so. The PROPOSE
tions will be, first, for the continu-
ance of the present treaties i'll force,
and making them terminable only
after mutual conference, instead OF
one years peremptory notice by
either party; second, that each coun-
try shall treat articles which under
the reciprocity treaty it admits free
of duty precisely as if the PROPOSE
ton originated in the country so adj
hitting them; third, providing that
whenever Congress shall so desire,
extention of the principles of recip-
rocity in trade may be made even to
the extent of abolishing all duties
between the two countries, except
upon articles such as opium and
spirits; fourth, that the United
States guarantee the independence
of Hawaii, and to enable her to do
this without danger of complication
Hawaii agrees to make no treaties
without the knowledge of the United
States. We think there are good
and urgent reasons why these pro
positions should take the form of a
treaty"
Hawaiian Commercial Sugar Company
The annual meeting of the stock
holders of the Hawaiian Commercial
and Sugar Company was held in
San Francisco on November 18th,
10000 shares Of the capital stock
being represented.
President John d. Spreckels ten
dered his annual report Of the oper-
alton of the company for the past
year, the interesting portions of
which are published below:
The sugar receipts for 1883
aggregate 1890 tons, as contrasted
with 1854 tons for the preceding
season of 1987-98. The net money
receipts for sugar in the past season,
1888 80, gave a total of ST, 427, 1872 40,
or $1O7 per ton; the receipts for
1887-68 were $915,O93 IS, or $05 81
per ton.
The net profits of the company for
the past year amount to $75O,OOO
against $191, $50 for 1883, or an in
crease of $558, 100.
An outlay of 100000 was incurred
by the purchase of half interest in
the Waikapu Plantation, and there
were $271, O00in the treasury October
81, 1889, as against $4,000 at tie
corresponding date, 1888.
In concluding his report the Presi-
dent says:
eff it had been the policy of your
directors to encourage speculation IN
the company's stock, larger divi-
dends might have been declared, but
it has been their policy to make your
stock desirable investment for per
manent income. This policy, [ think,
will commend itself to stockholders
as safe and prudent, giving strength
and increasing value to their shares.
"Your plantation superintendent
estimates the crop of next season at
11.477 tons"
The financial condition of the com
pany was reported as follows.
Assets. S., 97S, 596 81
Liabilities ................ $40, IoZ 59
Total. Observation-Disclosures. So, 059, 1913 IS
The old officers and Board of Di-
rectors were reelected.
miscellaneous.
The editor Of the Melbourne In
surance and Banking Record who
visited Japan on his way to Europe
recently, has the following to say re-
garding the land of the Japs: When
Great Britain signs the amended
treaty (America and Germany have
signed), which will enable foreigners
to hold property and reside in any
part of the empire, there will be a
great impetus to business here, and
it will become a very formidable and
extensive manufacturing country.
All that it wants is capital and en-
terprise to utilize its cheap labor, of
which there is such a superabun-
dance land it is cheap. I should
say it is one of the most favored
countries in the world, for there is
water everywhere, and the manner
in which it is utilized is most sur
prising turbines and irrigation
races even up to and along the sum-
mits of the highest hills. I visited
the Government printing Office at
Toxic, where they employ 800 hands,
and do all the Government work
bank notes for the Nippon Ginko,
stamps, etc.-in fact, it is trading
concern, under the control of the
Minister of Finance. The beautiful