The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1900-05-01
OLAA SUGAR
COMP ANY
Annual Meeting is Held
Yesterday
REPORT FOR FISCAL YEAR
Old Board is Reelected and a Pros
porous Condition Of A.
fairs Shown.

The Adjourned annual meeting OF the
Olaa sugar Company Was heid yester-
day morning al the chamber o. com
murIe, holders Of lOo...l ina rs Of stock
being p. esent in person or represented
by proxy.
ne meeting was presided over by the
president, Lo.rlA y. inurston.
/ The plantation fiscal year ends De-
Ce4uDeI 81, ana iepuIIs p.eaenttd were
up 70 that du.e. Inc Iesusar Ia eting
was not helu IN Jdnua. y, owing 20 the
plague.
ne treasurer, Jas. b. Castle present.
ed his report. the assos.ments all eady
levied would amount to 90 PEI ceut, o.
81 per share, by jury lst neat. In order
to meet the paymen, S on the mill which
had been contracted Tor, 1t was estl-
mated that assessments amounting to
~ per Cen., or So a share, would be re-
CURED between the lst of August and
the lSt OF January next.
4 he statement of expenditures show
ed: Expended on crop of 1902, $751;
/ 7l4.43; stock expenditures, 1924 $3.50.
Among the larger IT. ms were: Bulld
ings, $SS,434: live stock. $47,265 first
payment on mill machinery, 100000.
Managers Report.
! Manager McStouker was not present,
but has report was presented AID dis
t.lDuLed in printed I'm. he following
facts are gieaned II ON The report:
Mr.. McstoCkei took charge at the end
of June, 1899, at which time there were
~ acres OF cane plan ed, and 30 labo. ers
and 3 horses at work. There wee on
January LIST, 1900, TIC acres OF cane
planted, and 1,629 laborers employed
besides SIG labol ers employed by out
side contractors Live stock consists OF
402 mules.
The varieties of cane planted are: La
haina, 4S7 acres Yellow Bamboo, 81
acres; Rose Bamboo, 1872 acres; Yellow
Gale donia. SO acres.
In addition there were 2595 acres
cleared and plowed, 1877 acres cleared
ready to pillow, and 1900 acres partly
cleared.
Real Estate.
The promoters uad clo-ed options and |
decided to the company $1,000 SIS acre.
in lee simple, and 4,032 acres on a 40
year lease. Options were sti ! on stand
ing on 1869 acres, VIII ch was being
turned over as fast as the options came
due. The company had bought 10 acres
and leased 200 acres on its own account.
The total area of the plantat on is
therefore Is S72.25 acres. An additional
500 acres was expected to be developed
on the leased land.
There have been issued l07329 shares
of paid up stock in exchange for land.
Hilo Railroad.
The Hilo Rallro d was under contract
to reach Olaa by November, but would
complete its track much sooner. The
grading to the mill site was already
completed. When completed it would
reduce the transportation cost by two
thirds.
BUILDINGS.-Build for 1900 la
borers were completed, besides stables
for 400 live stock. No further buildings
would be required in connection with
the first crop, except in connection with
the mill.
First Crop.
The first crop would be 1000 acres of
plant cane; 1900 on the lower "Keaau"
and 1000 on the upper "Olaa" lands.
The Puma Sugar Company had con
tracted to have their first crop of about
500 ac es ground at Olaa. Other outside
planters would probably bring the
total first crop area to 5000 acres.
From the appearance of the cane and !
the Judgment of experts the first crop
is estimated at minimum of tons to
the acre, or $4,000 tons in all.
Rose bamboo cane Is months old, cut
at 1000 feet elevation stripped II to 10
feet long. Yellow bamboo months old |
at an elevation of 1900 feet stripped
feet long. Cane now growing in fifty
different localities in Keaau and Olaa |
presents a strong, healthy growth.
The grinding OF the first crop will be-
gin in December, 1901. Without count
ing profit from cane planted by outside
planters, the Cron should if prices are
the same as during the past year. give
a gross return of s1,45O 000 II the crop
should go six tons to the acre the crop
should yield I,7-0,OOO,
Plantation Transpoi tation.
The main transportation of cane to
the mill would be by ilume, About 900
acres lying below the mill VIII be reach
ed by railroad Railroads will be laid
to the amount OF 10 miles for the pres
ent.
WA Reservoirs with capacity
of $500 100 gallons have been construct
ed. These VIII be increased to n capaci-
~ of 100000 gallons.
Water has been developed by tunnel
ling in the mountains at an elevation
of l,S00 TO 1000 feet, and flow of g.
100000 in "a hours obtained in this the
dryest season known for many years.
In normal weather this source would
furnish over 100000 gallons a day,
ample for all plantation needs,
MlLL.-The Honolulu Iron Works
has the contract for furnishing and |
erecting the mill The buildings and |
machinery will all be shipped by July
next, and erection under way by Janu-
airy The building has a capacity for
machinery to make $50 tons OF sugar
day. To take OF the first crop machin-
cry with capacity OF 10 tons day |
will be installed
AGENCY CoNTRACT,-The agency
contract with Alexander & Baldwin for