The Hawaiian star., 1902-02-28
MORE THAN $4,000 TONS OF SUGAR
MADE.
The Proposed Ditch Now All Arranged
For and Preliminary Surveys Have
Been Made-Bond Issue.

The annual meeting Of the Hawaiian
Sugar Company. Makaweli, Kauai, was
held this morning at 10 O'Clock at the
offices of Alexander q Baldwin. Com
plete management and financial reports
were presented, showing satisfactory
conditions. Last years officers were
reelected
The report Of the management of
Hawaiian Sugar Company for the year,
is made by w. A. Baldwin, the new
manager Manager Baldwin says:
Labor has been short and generally
unsatisfactory, and the year has been
attended throughout with great deal
of trouble in getting the work done.
Wages at the same time have been
high.
"Copious rains during the year and
especially during the summer months,
were very fortunate.
"On account of the shortage Of labor
we were not able to cultivate as much
land as usual, and consequently the
crop for 1902 will fall some short.
"The 1902 Crop will probably turn out
as follows: Hawaiian Sugar Company
plant cane 1,O25 acres 1872 tons; ra-
toons SSS acres OO9 tons; total II, ,5S1
acres 762 tons; ratoons $40 acres 1,S5L
tons; grand total 14193 tons.
THE crop for 1903 consists as fol-
lows: Hawaiian Sugar Company plant
cane 791 acres; ratOons, 1875 acres;
, Gay and Robinson plant cane 81 acres;
ratoOns 3O1 acres.
"The planting for the 1903 crop was
! rather late but the cane Is doing fairly
well. The entire crop is being cultivat-
ed by profit sharing contractors, which
ensures us against having any neglect
ed fields
1.-The mill is at present being well
/ supplied with cane as a rule, and Is do
/ ing excellent work.
IAN agreement was finally arrived at
! with Messrs. Gay and Robinson toward
! taking the water out on the Makaweli
side. The preliminary survey for this
! ditch has been made, and pack mule
! trail will soon be completed to the heau-
! waters of the proposed ditch. a bpnd
| issue has been authorized. and as soon
( as the bonds are placed and an engineer
| Is engaged to take charge Of the con-
! struction. we will be n a position Ia
proceed with the work.
"a direct line of shipping has been
! established between the plantation and
! San Francisco whereby we will save
considerable in freights on sugar and
! merchandise. Heavy mOOrlngs have
been placed and the wharf heightened
| and strengthened, and by means of a
| launch and boats ships are easily dis
! charged and loaded. The harbOr and
anchorage we consider very adaptable
and safe for shipping"
The treasurer, ]. p. Cooke, makes the
following report concerning the bono
issue.
"At the special meeting of stOckhOld
ersi held on January "a, 1902 a bond is
! sue of 100000 was authorized. These
are 6 per cent Bonds, redeemable in ivu
i years and payable in fifteen years Th
immediate object I'm authorizing thi'
Bond Issue Is to provide funds for tn
construction of the ditch which is t,
bring out the water of the Makawel
, stream. The total cost Of all the wOrl
connected with this project is estimate,
/ alto from 100000 to $3.50 900. Your di
+ rectOrs are now negotia ting the placing
? of $35O,O 600 of these bonds in San Fran
/ cisco As soon as the arrangement
have been consummated. the work ol
he new ditch will be actively begun.
THE remainder Of the bonds will no
he disposed of until occasions requires
, It may be that later the enlargement o
the present mill viii become necessary
. and then these bonds or a part Of theI
would be available"
! The total operating expenses for tn
= year We're: labor, 5000 $50 03; sundries
i S3O7 952 80; total S6l7 8S2. 35 The gros
earnings We're $9O2 533 56, net earning
1884 651 .21; carried to surplus accOun
: $l02. .521.64. The total amount of suga
j made was 15121 1875 tons