The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1900-01-01
HE McBRYDE SUGAR COMPANY
LTD.


Among the many great business en-
terprlses started within the year that
has just come TO a close. the McBryde
Sugar Company. Limited is one Of the
first importance. The Company s
works are situated in Wadiawa, in the
district Of KOlod on the Island Of kau-
al. and the properly taken over COM
prises the nOIO1 Agricultural Co.'S es-
tales. me EIee.e Plantation and the
Wahawa Ranch.
OF the 1884 acres Of land held by
the Company in fee simple and under
lease. 5000 acres are suitable for cane
cultiva. The remainder is divided
between pasture and forest lands and
includes 500 acres OF excellent coffee
ana fruit lanOs. The cane land lies at
an elevation varying from a little
above sea level to 1000 feet above sea
level In march last, Mr.. Walter Max
well OF the Hawaiian Experiment Sta
ton, in his report, placed these lands
among the best cane lands in the cOun-
try for fertility and durable qualilles,
and demonstrated that they are espe-
ciauy valuable in holding and retain
ing water, a consideration Of great i'm
portance when pumping is necessary.
Flowing streams on these lands irri-
gate cane sufficient TO produce an an
nual average crop Of 1000 TO $500 tons
OF sugar, and also TO keep 200 acres in
rice.
The McBryde Sugar Company. Ltd,
has a capitalization Of S3.5OO.OOOOO,
div ed into 175OOO shares of the par
value of $4,000 each. with privilege Of
extension to 10000 10000. OF this
amo mt Of stock $3.50 10000 is palI
up. assessable stock amounts, therefor,
10 81 $50 10000.
Eleele Plantation. purchGs ed from
August DR. fer by the promoter, b. F.
Dillingham;. for $5OO,000.00. comprises,
In brief. Sugar mill electric railroad
steam plows, 1000 acres of cane land
rs acres of rocky land and pasture
lind IS acres of rice land managers
dwelling house office. 20 labOrers'
houses. cattle, horses, 16 imported
mules. 2 native mules, tools. carts, etc.
300 acres Of plant cane to be harvested
tails year $1,000. 14S acres of seed cane
6 reservoirs miles Of ditch. and lease
OF Nahiawa water for an uneXpired
term OF "a years This water is now
being led out 20 irrigate the cane land
lying at the highest elevation on the
entire estate. Mr.. Dillingham; in his
prospectus Of the Company. issued in
May last reported: a conservative es-
innate Of the value Of this water at
an elevation of 700 feet. is $4,000 per
annum. or an amount equal TO per
cent on $500. 600. The 1000 acres of
cane land cleared of rock is certainly
worth 100000.
The KoiOa Agricultural Company,
Limited. taken over by the McBryde
Sugar Company, comprises 1000 acres
q
OF pasture and forest land, $500 head
cattle and horses. "a laborers' houses,
tools. IS head Of herd cattle. 70 work
ing cattle. 90 horses. If mules 3-5 yield
OF Z acres of plant cane (2-5 given to
KolOa Plantation for making the
Sugar. 3S4 tons sugar, 40 acres ratOOns
for seed, SO acres of seed cane. 13 acres
OF coffee trees and paid-up lease for
term o. 20 years, water power. 1000
horse power.
The earning power of the property
Of tee McBryde Sugar Company is es-
timateu as follows: Harvest $500
acres, average yield 8 tons per acre,
$4,000 tons sugar, TO return TO planta-
tion $1,000 per ton-Sl 90, 10000. Es-
timated cost of production $40 100000,
leaving a net gain Of S1,12O,0O0.OO
which Is 30 per cent of the capital
stock OF the Company. This Is under
the most favorable circumstances; a
conservative estimate places the net
profit at $500. 10000 which is equal to
a little over II per cent upon the cap
ital stock
over 300 tons of sugar were taken
from Eleele' Plantation i'm the past
year. which means that S9l 600 were
returned to the owner, or $1,000 per
ton.
Great preparations have been made
for large crops this year $1,000: ex-
perts in the business, who have in
spected the properties of the McBryde
sugar Company. give the enterprise
their unqualified endorsement