The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1900-03-30
The Oahu Railway and
Land Co.
A Prosperous Year - Improvements
Made Increase in Business,
Passengers ana Freight

The ninth report OF the q. a. a H.
'Co. was submi4ied to the Shareholders
day before yesterday hy George T..
Den.son, acting general manager. Il Is
Tor the year ending December 81, 1899.
The net earnings for the year were
$2l2 .23S.S0, being net gain Of n per
cent on the stock outstanding. Out OF
the earnings dividend OF b per cent,
or 500 $50. was paid September !, 1899.
The net balance OF earnings at present
for 1898 and 1888 is 1891 .22U.09. The
Increase in the freight carrying was
very great, being over Is per cent
greater than 1888. The passenger
traffic in 1899 was much greater than
The previous year, 236, 1852 people being
carried during 1899. The average
earning per miie OF road operated was
So, 45S.12 as against s4,S2S tor 1898.
The affairs OF the ranch department
stlll have the benefit of the guidance
OF Mr.. II. NJ. Won Holt, whose ability
has been 20 amply demonstrated in the
past manage ment of the ranches. The
net receipts of ranch department were
$27, 20 and the rents collected from
and were $4,22i.l9, making total net
gain from land used for ranch purposes
and sugar cultivation OF S7O,2O6.69,
which is an increase over similar earn
ings for the preceding year OF 3d.
59S.7S. The prospective increase in
business all along the line is predicat-
ed on the probable increase in the out
put OF sugar along the route and other
known conditions.
New engines have been received and
erected, new machinery added TO the
shop equipment and the electric light
plant formerly at Remond Grove liz
now installed at the machine shop. In
addition to keeping all the rolling stock
In repair the following new work has
been turned out by the car shops:
five secondclass coaches, 80 30-ton
box cars, 20 Bottom gondola fiat cars, 20
lotion fiat cars, 2 boarding house cars
(for work train), ! pile driver car, a
section push cars. All the lumber is
framed ready to erect twenty 30-ton
box and twenty 30-ton gondola fiat
cars. Five iirSt-class coaches are ready
for painting. This lot OF forty-tive
cars would have been finished by De-
cember 31st If the ironwork which was
ordered last May had arrived when 1t
should.
The dredging now being done in the
harbor near the railroad wharf 1t is
expected will be finished in about five
months. Since the contract was let
for the dredging, which included an
area about 400 feet square adjoining
the harbor line and the mud bank be-
tween the harbor line and deep water,
an agreement between the Hawaiian
Government and the company has
been reached and sent to the United
States Government at Washington for
approval, by which 1t is proposed to-
dredge out an area about 700x1200 feet
between Queen street and the sugar
warehouse. This will give room for
1900 feet OF wharf frontage, 300 feet
OF this to be built and owned by the
company, the balance to be built and
owned by the Hawaiian Government.
By this agreement your company will
receive in exchange for a portion of it's
harbor, Kawa Pond, which has been
filled, and good portion of Kuwili
Pond adjoining the present freight
yard.
There has been expended during the
past year for new equipment in rolling
stock, as hereinafter described, S107,-
294.3l. This comprises the building of
100 cars for passengers and freight, all
OF which are nearly completed, and
which 1t is thought will be sufficient to
handle the traffic for some time to
come. The capital expenditure for 1900
will be comparatively light, save in the
matter of much needed wharf improve
ments now in progress.
The reserve fund of the
company had balance
Dec. 81, 1898, of SAG, $50 90
Increased during 1899 as
follows:-
% Shares Hawaiian Fruit
& Plant. Co. stock IS $500 COL
339 Shares Oahu Assessable
stock $50 per cent? :. 27,120 90
339 Shares Oahu Assessable
stock as per cent? Sd
issue ................. 25,425 90
339 Shares Oahu Paid Up
Stock ................ $4,000 0OI
$535,O25 90
Decreased during 1899, as
follows:-
Sale of bonds .............$ $1,000 90
Sale of railway stock 1853