The Hawaiian gazette., 1895-01-04

plantation, also the water privilege,
which is TO prove one of the excellent
festures Of the plantation. Mr.. Dill
Iingham said TO the representative OF
the ADVERTISER yesterday, ''I believe
that the property on which the mill
and pumping station are to be erected
has been put in for less than one-half
the value the investors would be will
ing 10 pay rather than build improve
menrs at q cost Of 100000 on leased
land Now there will be no reversion
of the land or the water privilege.
The land does not control the mill and
the water. but the owners of the
mill and the water control the
land The water privilt ge of
the WsipzbU springs cost $4,000.
Reckoning 3 water rental of $4,000
q year. similar TO that paid by
Waihee, We have our water right paid
Tor IN five years. The company will
own l..eir plant and plantation il fee
simple.
sThere Is already S source of income
On the plantation The banana plan
tztion Is in good condition and in the
last four years has yielded net an
nual income Of $4,000 This planta-
ri0n can be continued until it is seen
Fl 70 put the land to sugar, if neces-
saEy-r
HWhat about the pumping plant?''
THE pumping plant, which would
cost not less than $4,000, has been
put in for 5000. This can be put into
use mt once for raising our own seed
cane, thereby making great saving" :"
'Whst is the plan OF startiDg?"
IF we start in 1895 we must be
assured of the fact as soon as possible,
and not later than the middle of
March. 80 that 200 acres can be planted
for seed. This would attain sufficient
size for seed cane, commencing with
the first nr middle of July,
when il should be planted. This
90 acnes would yield enough SEED to
plant 1000 acres A second crop could
be grown to furnish 2,000 mere acres
in '96.
s'rhe plan in prospect is to plant not
less than 1000 acres each year so that
the harvest the third yesr will give
500 acreS OF plant cane and ratoons
together which WELD should be kept
company chooses to pump water to
the highest elevation and occupy the
whole 1900 acres they can increase
the output 50 as to take off crop OF
500 or 600 acres yearly
~Nili not the present low price of
sugar be somewhat of n barrier to the
success Of the company"
ssIt has been c0nclusively shown in
the special notice to intending inves-
tors. printed in the prospectus, that
II sugar should fall so low as to net
not more than $40 a ton-SI2 to SIS
per ton less than the average for the
last three years-with sugar free in the
United States there will still remain
profit Of over 10 per cent. for the
stockholders
do you think that plantations in
the islands generally expect to make
sugar at q profit at such fgures?"
Il believe it impossible for any
plantation, with the possible excep,
fion of one or two, to make sugar as
chezp by S or SO per ton as is pro.
posed by the Oahu Sugar Company. ,
~Why is this sop
ssThe question is answered in the
prospectus where the advantages art
gwen. Chief among these is the large
area Of remarkably fertile land-lanC
which has q wonderful capacity fol
proancinF sugar. The area of lanl
and the large scale on which the can,
Is rr0gn make it possible to make tn,
sugar much cheaper. You see thi
eremplifed in the trend toward con
s0Iidati0n among the smaller planta
iu1s-
aAEnin, the climate of the locality
il narficulariy favorable TO suga
growth, and the water supply is pur,
and abundant. Labor, free or con
trscf, can undoubtedly be obtained