The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-03-29
BONDS FOR
NJ BRYDE
The New Issue Will
Be Authorized
Soon.
REPORTS SHOW
GOOD CONDITION
Water Supply as Represented by
Series Of Reservoirs-Cane
Growing and Ripe.

HsBryds plantation will rebond the 80
>sts - soon as there can be held q spe
siai meeting of the stockholders for tn
purpo-. of attending TO the matter. TIL
present issue OF 10000 has been used IL
me work of the plantation and IL Is tn
pIau to make a very much larger issue
AT mi. time. SO that the agents account
may be closed and there be In the treas
ury such money as is needed for th'
carrying on OF the estate
when the annual meeting of the com
pany was held yesterday there was q
fair attendance OF stockholders. H. n
Won Holt moved that the secretary should
be authorized to cast ballot for the
old officers OF the company. Secretary
George Davies said that he was not in
siIned to serve as he would be absen;
for much OF the year. He suggested the
name of his brother. With this change
the officers were reelected, the list be-
Sng a. follows:
President. d. p r. Isenberg; vice
president. d. F. Dillingham;; treasurer.
b. NJ swanzy; secretary. T. C. Davies:
auditor. T. r. Keyworth. directors. A
n McBryde. Albert wilcox. X. w. T.
Purvis. J. NJ Lydgate, W. ID. Acbryde.
Treasurer Swanzy explained that the cost
of developing the plantation had been
heavier than expected. and that there
was n need for more money, which had
caused the plan for a reissue OF bonds.
The treasurer further showed that there
had been issued only 1880 shares of the
capital stock and that s.sos shares had
been returned TO the treasury through
non-payment OF assessments Assess
ments OF s2S.1T on 1873 shares was yet
TO be paid. The report OF the treasurer
showed that there had been expended
during the year for permanent improve
ments f53S. TOO 40. while the operating ex-
penses for the same period had been
f.5060s. The earnings for the year had
been SIS. 7si-o5. The balance sheet shows
an Indebtedness on notes. drafts and
agents account OF close TO $72O.ooo.
The report OF Manager Stodart was IN
part as follows:
The past year has been noteworthy In
two respects. we have had exceptionally
abundant rains well distributed through
out the year. and the weather conditions
generally have been favorable. On the
other hand labor conditions. until late
In the year, were at their worst
The storm water We were able TO save
pleted. reduced the pumping TO a period
Of less than three months.
To Offset this saving came abnormal
labor conditions which fell with pecu-
liar force on this plantation. Among the
group OF new plantations started after an
nexation had become assured. the Nc
Bryde Sugar Company was about the
last to incorporate, and had developed
but a small part OF its permanent i'm
provemeuts when the pinch in labor
came Prices OF material and supplies
also advanced excessively The rest of
the development work had to go forward
under these handicaps. and the demand
for labor for this work reacted on the
labor engaged In running the planta-
ton sresulting in an abnormal outlay for
operating expenses well as for per-
manent improvements. Later In the year
owing to better understanding between
the plantations on the labor question. and
other causes, / have been able TO cut
town our expenses very considerably.
and there Is room for still further ma
ierial reductions this year.
Inc report on the reservoir system
showed the following capacities: No. i.
I0l. 100000 gallons: No. 2. $4,000 No. 3.
100000; No. g. 100000; No. 5. 320Oo.ooo.
These are all above 6 feet level and
supply all land between Hanapepe and
laval valleys. or the whole plantation.
Reservoir No. will hold 100000 gal
ons: No. 10. 1900. 900: No. II. 1900, 900:
No. IA. 1900 900; No. Is 1900. 900. Certain
other reservoirs will hold 5000 900 gal
ons. n total of 4sf. 10000 gallons The
rainfall or the Wahiawa watershed for
the year was % inches equal TO 1900. Oo0.-
20 gallons Making allowances for loss
here Is fully three times as much water
ls Is needed The reservoirs have cost
y. I5s. The report continues:
The crop OF 1soo-lso1. the planting OF
= knlr
lime OF incorporation OF the McBryde
sugar Co. was necessarily small one.
little larger than the normal one of the
tsleeie and Koloa Agricultural Co. plan
tauons- This crop was partly ground at
the new Wahiawa mill and turned out So
Ions or sugar over the estimate. as fol-
ows:
Ground at Eleele Mil. 1.7os tons:
ground a. wahiawa Mil. 1.Al tons:
ground at Koloa Mil (our share), 439
tons Total. ass tons.
The crop now being harvested, which
Is practically the first crop OF the Nc
Bryde Sugar Co. I have estimated at
s.tSS tons, consisting OF 1.290 acres OF
plant cane. 80 acres OF long ratoons.
and il6 acres of short ratoons. This in
cludes the Koloa cane. OF which there
are "a acres OF plant cane and 12i acres
of long ratoons TO be ground by the
koloa Sugar Co. for which they receive
follows:
Plant cane. 1854 tons: ratoons. long and
short. 1.4of tons Total. SASS tons.
After these lands have been worked
a while and we have learned by expert
ence and observation how TO cultivate
them 50 as TO secure the best results. a
material increase IN the yield may be ex-
pccted-
The crop to be harvested next year
OsoD consists OF the following:
Estimated
Acres Yield
Plant cane. plowed land.
West Laval o92 {. 40
Plant cane. trcnched
land. Wahiawa .-.......2iO Lbs
n