The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1901-03-01

Y THE ANNUAL meeting OF the
a stockholders OF the waiaiua AEri-
cultural Company, Limited. held
yesterday morning In the shlces OF Castle
4 Cooke, "a resolution was introduced
and adopted by which the company will
issue 100000 worth Of bonds for the
purpose Of making permanent improve
ments and acqu sitions TO the property
holdings OF the company. II was stated
In the meeting that probably not more
than 100000 worth of the bond issue
would be disp, sed of for the present.
The bond Issue viii be tie means OF
allowing the earnings OF the plantation
to be devoted to the pay mont of divi-
dcnus. No uhIuenus WA uv authorized,
however, uitL tnc uIiuutUts a..u OnI.ers
age daaur,u mat the utS,ucuus Laa be-
paid itsu.ariy wthout ,u,oiiu.,tlUn.
uu iOd-Niug UiAutIs MuIC DIectud for
the chs-ins Year. Iats uuat, .. -, Ath-
crton; wee prcs.dent. G. ". Cooke; sec
letary. h.. ~. Iennty; treasurer. W. A.
Bowed; auditor, \. Il. koviLson. Henry
Natvrhouse Was aG..d u the last OF III
rectors Of the company, A ne officers
were chosen by the directors, who were
first elected by the stockholders.
Treasurer Bowens report showed that
property valued at $S,s2y,6SJ,0Z " held by
the company under the designation OF
permanent improvements. DurinK the
past fifteen months the operating ex-
penses aggregated ssh. 725.7g, of which
&S6l l6l.Ol Ii charged TO the crop of 1900;
$5Sg giS.l6 to the crop OF 1901; Siy3,03i.92 to
the crop OF 1902; $500 to the crop of 1903.
The total sugar product was $3.50 l3l-92.
This added TO other sources of revenue
made the total earnings s45l, 22S90. The
total resources are placed at s5lD, l6l72.
nj h.. la 4. To. xnsht Lob
include amounts due Castle d Cooke. the
agents OF the plantation.
Manager W. w. Goodale in his report,
says that owing TO the difficulty In con-
structing the new mill. the crop for 1900
was not as large as II should have been.
The crop amounted TO $3.50 tons. taken
from 9S5 acres. Had the mill been rum
ming. he estimates that the crop would
have amounted to 5000 tons. The 1901
crop Will be taken from l.7J0 acres of
plant cane and 800 acres of ratoOns, and
the product IL estimated at 1900 tons
trpl ng that of the present year. For
the crop OF 1902 there Will be l.+00 acres
of plant cane and $50 acres of ratoans.
The 1893 crop Will be taken from $500
acres OF plant cane. and loo acres of
ratoons.
lie reported that the pumps on the
plantation furnish "A daily water supply
of 100000 gallons. An old ditch supply
Is also utilized. having Il capacity OF g.
100000 gallons daily. Twenty -four miles
of permanent abroad have been con-
structod in the last hfteen months, and
ten miles of portable track has also
been lad.
The manager makes the following
statement relat We to labor cond tons:
There nave been no labor troubles
and there have been men enough to do
all necessary work besides all that has
been done in the dsvel Jpment of the plan
tation property for future profit
lowing to the general shortage OF la
Dor. however. throughout the group the
standard OF wages paid has been forced
higher and the standard OF work per-
formed per man per day has dropped
lower.
we had the same conditions In 1889
and 1890 at the time the EVA and Ma
kaweli plantations were started and a
great and rapid development OF planta-
lions all through the Islands. ~ ~
Wages nre higher now than at any
time since 1890 and for cutting and
loading cane we are now paying about
30 per cent more than for the same work
two years ago."