The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1902-04-01
BONDS FOR
'BRYOE
The New Issue Will
Be Authorized
Soon.

present is.uo 90 $4,000 has been used 800
the work Of the pantason and % b. the
plan TO make a very much LARGER issue
at tbs time, 80 that thc agents account
may be closed and there hc IN the treas
ury such money as is needed Tor the
carrying on OF the estate.
when the annual meeting of the CONF
pany was held yesterday there was a
fair attendance Of stockholders. H. NJ.
Won Holt moved that the secretary should
be authorized to cast ballot Tor the
old officers OF the company. secretary
ueorRe Davies said that hc was not IN
clined to serve as he would be absent
for much OF the year. He suggested the
name OF his brother. with this change
the officers were reelected, the list be-
ing as follows:
President, d. Z. Il. Isenberg; vice
president r. +. Dillingham;; treasurer,
+. NJ. Swanzy; secretary, r G. Davies;
auditor, T. II. keyworth; directors, y.
Nj McBryde, Albert Wilcox, II. W. 7.
Purvis, j. NJ. Lydgate, w. ID. McBryde.
Treasurer Swanzy explained that the cos,
of developing the plantation had been
heavier than expected, and that there
was a need for more money, which had
caused the plan for reissue of bonds.
The treasurer further showed that there
had been issued only 1850 shares of the
capital stock and that 6,s06 shares had
been returned to the treasury through
non payment of assessments Assess
ments OF S2sl27 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 1892 7C9.4O, while the operating eN-
penses for the same period had been
1914, 3C6Os The earnings for the year had
been s259, 75lO5 The balance sheet shows
an Indebtedness on notes drafts and
agents account OF close to $4,000
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. We're at their worst.
The storm water We were able to save
with the reservoir capacity then com
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 small part OF its permanent i'm
provements 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 resulting in an abnormal outlay fol-
operating expenses as well as for per-
manent improvements. Later i'm the wear
owing to a better understanding between
the plantations on the labor question, and
other causes. have been able to cut
down our expenses very considerably
and there is room for stnl further ma
terial reductions this year.
The report on the reservoir system
showed the following capacities: No. /.
lOl 100000 gallons; No. .. 100000 No g.
SOOW,0OO; No. T. 2loo0,oo0; No. 5. $1,000, 600
These are all above Go feet level and
supply all land between Hanapepe and
Laval valleys, or the whole plantation
Reservoir No. will hold 100000 gal
Ions; No. 10, 1900 900; No l2 II zoo, 900
No. IA, 1900 900; No. l5 100000 Certain
other reservoirs will hold $1,000 600 gal.
Ions, a total OF 4s4, 100000 gallons The
rainfall OF the Wahawa watershed fol-
the year was 253 inches equal 10 80, 900, 900.
900 gallons. Making allowances for loss
there Is fully three times as much water
as is needed. The reservoirs have cost
S92 779. The report continues:
The crop of 1900 1901. the pIantinr of
which was being prepared for at the
time of incorporation OF the McBryde
Sugar Co, was necessarily a small one,
little larger than the normal one of the
Eleele ana holoa Agricultural Co. plan
tations. This crop was partly ground al
the new Wahiawa mill and turned out S.
tons OF sugar over the estimate, as fol-
lows:
Ground at Eleele MIL lIO9 tons
ground at Wahiawa Mill, l,iil tons;
ground at koloa Mill (our share), 43s
tons. Total, 1859 tons.
The crop now being harvested, which
Bryde Sugar Co.. / have estimated at
Sass tons, consisting of 1890 acres of
plant cane, 2s3 acres or long ratoons,
ana ITO acres OF short ratoons This in
clude. the Koloa cane. OF which there
are u acres or plant cane and l2l acres
OF long ratoons to be ground by the
koloa Sugar Co, for which they receive
20 or the sugar. The estimate is as
follows: