The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1895-01-02

plantation, also the water privilege, |
which is to prove one a. the exceiIent
features of the plantation. MI: Dill.
lingham said to the representative OF
the ADVERTISER yesterday, Il belleve
that the property on which the mill
and pumping station are TO De erecteu
has been put in for less than one-half
the value the investors would be will
ing to pay rather than build improve.
ments at q cost of $500, 900 on leased
land. Now there will be no reversion
of the land or the water privilege:
The land does not control the nill and
the water, but the owners of the
mill and the water control the
land. The water privilege o.
the Waipahu springs cost S@SO,OOO; @ w.
Reckoning a water rental OF $4,000
a wear, similar to that paid by
Waihee, we have our water right paid
| for in FIVE wears. The company will
| own their plant and plantation in fee
rFhere is already q source OF income
| on the plantation. The banana plan
| tation is in good condition and In the
| last four years has yielded a net an
nual income of $4,000. This Planta-
| ton can be continued until 1t IS seen
fit to put the land to sugar, II neces-
sary."
"What about the pumping plant?''
'The pumping plant, which would
cost not less than $4,000, has been
nut in for $1,000. This can be put into
use at once for raising our own seed
cane, thereby making great saving"
"What is the plan OF startlng:
sIf we start in 1895 we must be
assured of the fact. as soon as possible,
and not later than the middle OI
March, so that 200 acres can be planted
| for seed. This would attain sufficient
| size for seed cane, commencing with
| the first or middle OF July
when it should be planted. Thi:
200 acres would yield enough seed tC
plant 1000 acres. a second crop coulc
be grown to furnish 1000 more acre:
in '96.
WThe plan in prospect is to plant no
less than 2OO0 acres each year SO tina
the harvest the third year Will give
4OOO acres OF plant cane and ratoon
together which yield should be KEEP
nm continuously. Furthermore, II tn
comnany chooses to pump water u
the highest elevation and occupy tn
whole 10000 acres they can lncreas'
the output so as to take OFT crop o
5000 or 5000 acres yearly
- "Will not the present low price O
sugar be somewhat OF a oarrler 10 In
success of the company"
"It has been conclusively shown II
the special notice to intending inves
tors, printed in the prospectus, tina
= if sugar should fall so low as to ne
not more than $40 a tou-$i2 to 81
| ner ton less than the average for tn
last three years-with sugar free ii'Ih
9 United States there will s'ill RENAL
a profit of over 10 Yer ce. t. for tn
stockholders
"Do YOU think that plan atioDs i
the islands generally expect 10 max
sugar at profit at such 1igure-:'
z "I believe it impossible tor an
y plantation, with the possible eXceE
ton of one or two, TO make sugar {
'., cheap by s. or SO per ton as Is pr'
- posed by the Oahu Sugar Company.
"Why is this SOP -,
''The question is answered In I'll
prospectus where the advantages a.
20 gwen. Chief among these is the lars
- Area of remarkably fertile land-laI
which has q wonderful capacity Il
producing sugar. The area OF lar