The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-04-11
Stockholders in the Nillii Com
pany are Rejoicing.
INAUGURATION OF OTHER LANDS
An important Deal is on the TapIS
-Nahtku Subscribers Pay up
The New Lanai Plantation.

The shareholders of the Multi Sugar
Company, Limited are rejoicing over
the success attained by Senator Henry
Waterhouse in securing a lease of Ha-
lava plantation while on his recent
"trip to Hawaii. They have also been
Informed Of the probability of receiv-
ing a dividend within few weeks
from the Multi and Halawa properties
While Senator Waterhouse is at
work on his prospectus, which is TO be
made public very shortly, considerable
information was given TO the press con-
corning the plans thus far formulat-
ed DR.. Wight's lands, known as Ha-
lava plantation, We're leased for thirty
years to the Multi Sugar Company.
Limited. The plantation is to be
turned over on May 1st, free from
yet to come off, will become the prop
erty of the plantation and the returns
will pass into the treasury of the cor
poration. All the live. stock, farm i'm
plements and other appurtenances con-
nected with the plantation, will be
turned over
| There are other lands to be incor-
porated in the new plantation, options
on which are held by Senator Water
house
Multi will turn out over two thou
sand tons of sugar this year The re-
turn for this sugar goes into the treas
ury of the corporation. AS has been
stated before Multi will be handed over
by Judge Hart on April 80, free from
debt.
There is an abundance of water on
Null. Besides four streams there is
a large supply of water in the noun
tains which can be utilized. Two res
ervoirs, containing three million gall
Ions of water, and one reservoir con-
tanning four million gallons, are located
on top of the mountain on the Halawa
property
Things look pretty bright for Null.
The proposition received adverse COM
ment from some last week, but it now
bids good promise to turn out TO be one
Of the best investments in the Islands.
The new Lanai plantation, Palawai
OF which w. H. Pain is the chief pro-
moter, is developing rapidly The cor
porat;on will be capitalized at 81 ,000,-
600. Already over half of the shares
have been applied for, although the
lists will not be opened until some time
next week.
Over a year ago some cane was
planted there, which has since come up
wonderfully well. This fact tends to
show that all the conditions are very
Favorable. There is an abundance of
water assured There are about $500
acres in ALL The report of the engi-
neering party which is now on the
lground is expected by Mr.. Pain any
day, The shares are to be placed at
$40 each, and the first assessment 10
per cent.
The subscribers Of NahilIu came UP
yesterday with their assessments.
There was not a delinquent on the
whole list.
The stock market generally was quiet
yesterday. There were only three sales
reported two of which were in Kihei
and the other in Hawaiian Agricultur-
al The fact that Senator McCandless,
who has bored so many wells for the
plantations on the Islands, is reported
to have bought over 1900 shares of XII
hei at prices ranging from SIG to $50,
has led the poSsessOrs of ,kihei certlf-
icates to cling more tightly to them.
All the brokers predict an active
market this week. The temporary
tightnass of money, caused by every
one rushing into the newly started
plantations, is relaxing.