The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-07-25
THE OAHU RAILWAY
AND LAND COMPANY
General Manager Dillinsham'S Semi Annual
Report Shows an Extremely Flourish
Ing State Of Affairs.

The semi annual meeting stockholders "f
'iwaI and Land Company Was held Yesterday afternoon
ut o'clock at the of the Chamber
considering the report of General Manager Dillingham; print
I'll below in full IL voted of
treasury stock the present stockholders par proper
"n Ia their holdings cluaIz. the expended
Ing the present wear the track the
fertilizer works.
locomotives real estate purchased all Of which i'm
the nature at permanent improvements In other words IL
voted that the extraordinary expenses permanent
Improvements should b paid for the treasury
stock instead of being included in running expense
count and deducted from this years earnings
days since and - ia line with the
interview with Mr. Dillingham; that time.
Seen Immediately after the meeting. night
Manager Dillingham; said the stock held hy the
amounted 200 shares of which 100 would bc
disposed of by the action taken "a the meeting.
This will still leave IOO shares treasury
in the future while th- 1900 thcrbouis sold
the stockholders will put the a
able of this years earnings H. applied
and To building up the fund cannot tell OF
hand exactly how shares will L. sold but the division
VIII m such hal each OF the present stockholders Will re
c !" Prr cent "f hs holdings This will make total
Taidup capital stock In circulation nearly s.OO0oOo
10y regular intervals entirely
with the directors and will H. decided
meeting the date for which has bc-nS
Following Is the s-mian report above referred
gchcr with the iabuac statements which accompanied
HoNoLrLu H. l.. JULY -. 1899.
T" riE In's"ENr AND STOCKHOLDERS oAHr RAILWAY
LAND C"MrNNY.
GENTIMEN:-I beg submit herewith q
brief form showing the state 81 ConPanys affairs for
the half ending June go. ISIS.
The growth of the freight and passenger business since the
complexion of to at the close OF last
wear has been most satisfactory will hc by comparing
with the first six months of ISIS.
The total earnings. of all aud
outstanding during the six months ending June
SO1I125 the total earnings whole
Slun1l6iO: proportionac increase Ia III.
earnings last uf than IL J-crCc
The freight earnings for the six
>SlI5>6i; for the six months ended
Sll:.l3l.iG an increase of over l3O per
The passenger earnings for the
So. >.i5 for the half cndin.
SlS.G:Ei1i. an incr'.ls. "f over IL; I--r
In considering Tia" fact that tlc nf-a
than doubled th- of be
ncmhcr's that the extension of the lin.
in operation only the la, half a" i>S thi~ however
prove that th. long deferred Kahuln extension will
good six Ir security world and paw
hand"n" n-"m" th" stock tI. additional
development "f ih. six Plantations line of road We
confidently lu"k forward inrras. III.
Company business for tl" cral years.
CAPITAL EXPENDITTRE.
Th" statement referred CapiraI Ext..ndisur. or
actual incr,as" "f assets "f SiIius which Inav SUN
married follows:
New Cars aud Locomotives -
Real Estate purchased near L. u D-Io,D..... eO1sOOo
New Branch Lines. On
Ranches New water supply. .tcl............
SundricS. including new warehouse. section houses
-.
Total ............ ......................sIssI0
There being built during the present year total Of iI
Continued on Pag. 81