The Hawaiian gazette., 1900-03-09
MOANA HOTEL
Facts and Figures of
The Enterprise,
Capital Stock increased Provisions
For Many Guests--An Up
to-0ate Hosiery,

The need cf u... hotel acDImmodi-
ton In Honolulu has frequently been
remarked. particularly during the past
two years. 10 such an extent that sew
eral pans have been proposed to meet
an urgon, want gud 10 was In response
to this demand that the promoters OF
the Moana Hotel decided to proceed
with an enterprise. which cannot in
any sense be termed or considered an
experiment or hazardous investment
The census OF the city, recently taxi
en-, shows q large increase in popua-
ton, particularly among those classed
foreign" while on every hand may be
seen ample evidence Of the expansion
and increase of development that is
progressing throughout the country.
on the strength OF the probable early
application of American laws and tar
If to the Islands.
Prominent visitors who have lately
left our shores predict for Us a future
of unprecedented prosperity; that this
is their steadfast opinion is better evil
denced than in any other manner by
the fact that large investments are
often made by such men in Island
stocks and securities.
The prospects of the long talked-o
Nicaragua canal being put through at
an early date, the several promised
lines of new steamships, the coming
cable. and assured expansion of travel
| and trade between the Pacific Coast
and the Orient, are absolute guaran-
ICES of an immense increase in tourist
traffic in the near future.
Location of Hotel.
The location, situate Immediately on
che seashore at Waikiki, is ideal and
could not be improved upon, being at
point that faces the only place avail
able for surf riding. This, with the
uneXcelled facilities that will be pro-
Yided for sea bathing, cannot fail to
render it especially attractive to local
people as well as to tourists, and it
is safe to assert that every visitor will
spend portion of his or her time at
| the "Moana."
These conditions, the promoters of
| the ,Moana Hotel Co., Ltd, believe,
| success to the enterprise of erecting
and operating a strictly modern and
up-to-date beach hotel.
In view of this favorable outlook,
and on the principle of not leaving an
opening for the ultimate certainty of
others leading the way, the Moana Ho
| tel Co., Ltd, was incorporated August
81, 1899. Capital stock 100000, with
| the privilege of increasing to S250000;
| shares to be issued in assessable stock
| 1t par value of 500 each.
There has already been subscribed
$50 shares, or $4,000.
Increase of Capital Stock.
Since incorporation it has been
deemed both desirable and profitable
10 enlarge the plans, and to furnish
with more thorough and modern equip
ment, and the directors have decided
to increase the capital stock to S150,000 |
The additional stock to be issued either !
in assessab.e shares of 500 each, the |
assessments on which will be payable |
at the rate of 10 per cent per month, or |
to issue the increased stock in paid up |
preferred shares of 800 each, bearing |
definite rate of interest at per |
cent per annum, such shares to be is |
sued with the understanding that dur
ing the first year after date of issue |
the holder thereof shall have the privi- |
lege of taking at his option the COM
mon stock of the corporation in ex-
change, otherwise the preferred shares |
to be redeemable after five years from |
date of issue.
What is Proposed.
1t is proposed to build and operate
a strictly frst-class beach hotel at
Waikiki on property which Is under
lease to the company for thirty-ive |
years at rental of 5000 per month.
The plan includes every modern
equipment and convenience, and with
view of economy in running expense,
II is intended to put in machinery for
operating complete electric light sys-
TEN, electric elevator, cold storage,
ice-making plant and laundry, for the
use of the hotel.
While it is very difficult to present
any absolutely certain estimate of in
come in such an Investment, the fol-
lowing figures are presented as being
~ plncA aud actin |