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


represents large interests In the sugar culture of these
islands has criticised my estimate of expense My aim
has been to make careful, conservative estimate of
the earnings and expenses of the proposed undertaking.
and my object is to inaugurate business which will
be paying investment for every concerned and
credit to this country have invited criticism from
large number of able men to whom have submitted
responded in writing as may be seen in the Pros
Pectus If to be conservative one must place the es
and raise the estimated expense such high figure
that there will appear to be no profit; such course
mate of profit To meet the views of my critic and to
satisfy If possible any one who may question the
beg to submit the following: -' " 0'p'''OS'
When Eva Plantation was started the so-called con-
servatve element in this country commended that the
cost OF pumping would leave no profit on the sugar
Maui have been truly mines of wealth for the stock
holders Great stress laid upon the fact that these
op the yod s OF
expense of pumping" Recent reports, which
thentic, give the following results
Cost of irrigation of Haiku Plantation 81 90
Eva Plantation-Pumpng and Irigang ........... O9
Now we find by actual experience that it costs Eva
Plantation for irrgatng forty cents ton than
Paa and dollar and nine cents per ton than
at Haiku difference small enterprises of such
great magnitude as to cut no figure when the value
of water supply which be regulated at will is duly
considered
While believe the Oahu Sugar Company will be in
position to pay dividend the first and second crops
be paid until the second crop has been harvested The
third cre6 according to the plan IN the W no
acres of "Short Ratoons,' and 800 acres of Long
Ratoons 1t is not expected the crop will on any year
following the third crop be less than though
annual crop much larger, say 5000 to 5000 acres
Starting then, with the third year; will make con
from January to July, and will estimate the expense
for the entire at the rate suggested by my con-
sentative critic
of in MD
able circumstances due to inefficient mill, was six
and ninetysix one-hundredths tons per acre for the
entire crop harvested While it is admitted generally
that the lands of the Oahu Sugar Company good
if not better sugar lands will place the estimate OF
average yield at One-ha ton per less, and
One-haf tons.
ESTIMATED YIELD SUGAR 1899
Crop to be taken off between January and July:
1000 six and one half tons 900 tons
$4,000 tons, net of marketing charges (Which are ,
not included in the estimated expense at $55 $13OOOo
ESTIMATED EXPENSE II MONTHS 1899.
Agricultural labor, conducting irrigation
and milling ......D....::. S $4,000
PUMPING on say 5000 acres of land at $50 100000
Rent on estimated yield as above per 5000
-$ 100000
$4,000
The foregoing is certainly a conservative estimate
and yet the result shows $4,000 arger profit than is
represented in the Prospectus. (See page g.
CONSERVATIVE ESTIMATE.
| base the yield on the average returns Of Ewas'
last crop, say seven tons per acre:
5000 tons sugar at $40 per ton $112OOOo
EXPENSE IL MONTHS OF CURRENT YEAR.
Agricultural labor, irrigation and milling $ $4,000
Incdentals ........................... S21OO
R ortp1s a., + on e. iiooooo $50 ''''' SSS00