The Hawaiian gazette., 1902-04-29
'DRyOE'S
NEW BONDS
Two Millions Will
Be Put en- the
Market.
orrom Saturdays daily

VO million dollars p. bonds viii De-
ISSUED hl tae HsfsI. plantation.
the resolution passed at the meet
ing ot the stockholders yesterday az the
Castle d Cooke rooms providing that
there be retained In the treasury. OF
the new issue. an amount equal to 'he
outstanding bonds, $4,000. The
meeting OF the stockholders was one
which drew out nearly $4,000 shares,
and the action taken was unanimous.
After the gathering of the interested
parties the minutes OF the past meeting.
the resolution with respect to the call
for the stockholders, and all other mat
tiers e,ermane TO the meeting were read.
and the preliminaries were ratified.
Treasurer r. NJ. Swanzy then read
report OF operations up to the close OF
the last year. These showed that there
had been expended upon the estate
sS,473,4s6 OF which s2.200.O00 had gone
into permanent improvements. The
agents open account at the end OF the
year was s67374s. and as the expenses
would he $4,000 month and perma-
nent improvements sl50.000 during the
year there would be a deficit OF $780,
0co. after allowing 100000 as the return
49, .,a,,. -. -, sooo 600
-. -, ,,,,r,,,,aa ,,o
-. .,.',,t,,,,,~ o.. ,h,, -, ,o,,
80 W., ,aras ~ go, ,,,ht,h
~ -, 49,, ia ,,o,a,
-, ~ - -, ,,,o,,ld .,no,,n,
., sro 90 .,,..,, -, 80, s,ro ooo
" "i ,,,,,.a oS ,.o - Iss,,o
~ ~ .'l.... 80 ooo o.. a.,
VIC pan We ~ 800 =,
pu' puae % 1"N'Hs W ~, az ~,
we "'i = 'o' s''ou,u ,no- H.
p"iiHa mag "
So nv P'''' - ~, " 80 - -
l''os' ,u'io Vi q. -,
any ne ooi' 'eiIu.' 10 .'lr s.'',i,'
'ssu'"l "'u tN''l rom .t'i .','.
miaue d w" nv .eas ne
". 70 ,,1,,.
NV
- -. ,,,..,,..a,,., 80 ,,, ,aso,,,
49,, - Va, Pei
"a" -, ,n.,,' r. at, g.
' - -, ,,i,, ,,a,,
5h' o"e N'i'Ie, ~ O" 49,,
w ~. w s,,.. ~
pii,'a''oN, H'oSu p.''' 80, ~
~ 1..D,, -,
,,. 80. - 80. co. ,a,,,o,an,
..p,o'ei'"'o ou, Vi .a' -
MI" II. J"nt 40 We" - ~ .',,'I,
nao '9 re.uiI III sne 10" ', ,t
~ , ~ ~, ~. $3.50, sa,. 49,,
, ne "l" i,'' , ,'iueu w g -. n
VI W. 49, ~. -, -,
o'A"he' an" ''e i.p'' 'ou on Ia. -
ssch cases '"e oanNeIs ai"ay' oor 'se'
Ms' mere oe riarsin III EXCESS oi re-
aairemehts rather IMAM 100 small an
issue. In the case or sugar plantations
the bankers said as the product was as
mach a staple ae iron or lead, the bonds
of a sugar estate. owned in fee. should
no readily saleable nm To 10 per cent
- IA. ,a,ue or xyon more This sbou,1
10 annstdoroa q ,i,t- go soo,,r,,,,
I',,,,.I, - ~,
hr' Dnllhs nam ielerIeu W thc hc
Kinney Dill tnes ana the feeilng that
the plantations could not survive the
strain, but showed also that through
economical handling the estates not
only lived but many OF them Maid from
r IN 10 nor cent dividends He said
,ha ,,rasa,,, ,arin an .,,aar e. e., axoass
-, 80
-. "nat WIN ue me 'ost ol prouuetIo''
IN re" years lie iurther sald that
he believed sugar could be made here
proftably. no matter what the condI-
tions I'm other parts of the world
r.
he did not agree with the courts which
dia not mini tho tnya.,mep, GOOD
a,a a,,, ,a Ia w., ha,,a, -
49,, a." 'u Wv
woui" pe Ultimate success LOT 'he ven
lure. me resolution Which ioiio"s was
then passed.
Whereas, the NcBryde Sugar Com
pany, Limited. heretofore, to wit, on
the 1st day OF July, A. d.. 1900. issued
bonds to the amount of s7j0.0O0 secur-
ed by deed OF trust upon certain prop
erty Of said company, which said bonds
have been sold and disposed OF, and
Whereas, since the date of the issu-
ance Of said bonds, over 81 400, 900 has
been expended upon the property OF
said McBryde Sugar Company Limit
ed. in permanent improvements, for
which said sums, as well as for other
OUTLAWS, the company IL now indebted
in the sum OF $750,00O upon open ac-