The Hawaiian gazette., 1902-02-21
BREWERS TO
INVESTIGATE
May Take Up the
Financing of
kona.

Ill ~ Robertson of Brewer a go.
~ Will depend whether or not abe
Kona Sugar Company unairs VIII De
cared f'r by that concern. The bond
Of Receiver NunlcnberE was approved
boy ibo court yesterday surctios gua'i-
flying Boo ihs sum of $4,000. Oh. follow
ing names being ,n thg bond. Allan
Herbert, y. a. NaEuun $. g. Allen and
j. \. McCaudi,ss.
Negotiations have proceeded so Tar
that Mr.. =. e. Jones and other direct
ors - Brewer q Co., have agreed that
upon q favorable report being made by
Manager Robertson the firm viii be-
come bankers for the receiver. and this
viii guarantee the taking care of the
present crop. and II prospects are not
deceptive. there viii be a discharge OF
the receiver when this is accomplished.
Should the estate come up To eNpecta-
tions the crop will amount To $500
tons, which win net at the present
prices s2OO.O00 This. it is believed, will
meet the obligations and keep up the
work of planting So that there will be
wipinE out of the debts. and the
stockholders may resume management
of the property.
The altered prospects of Kona came
yesterday morning, when the members
of the Brewer directorate decided that
there might be made a trial of the plan
of financing the project. The represen-
tations made were such as to give
promise of some good business for the
house, for in addition to the business
as bankers for the estate there would
be other matters such os shipping
freight and commissions which would
make the venture profitable. meet
ing was arranged with the court and
the discussion was had in chambers.
Mr.. +. G. Jones representing the com
pany. II was then arranged that the
receiver should qualify and take up the
work. The house agreed to make an
immediate investigation of the affairs
OF the plantation and then decide as TO
what should be done.
In pursuance of this determination
Receiver Wundenberg and Manager
Robertson will leave in the Mauna Loa
this afternoon for IA visit to Kona to
go over the estate and determine the
status of the affairs of the plantation,
They will be gone week or more and
will look carefully into the progress OF
the crop which is ready to be harvest
ed. and as well into the condition Of
the crops which are in prospect for flu
ture campaigns There will be also
trip over the railroad, which il still in
the hands OF the contractor and his
bondsmen, and when the report is made
1t will convey absolute information as
to what may be expected from the es-
tate and what will be needed in the
way of cash to carry through the pres
ent crop
From Interested persons the estimate
is made that the least amount of money
which would bring the crop To market
is 1926, 900, and there may be an increase
over this, If the labor refuses to go on
with the work without being paid in
fun for work already performed. The
railroad is now extended seven miles
from the mill, and this leaves only one
more mile to be completed. The con
tractor Whitehouse holds the line for
his bills, which amount to 100000
There Is also a series of bills for the
fitting of the mill, which brings it NJ
to "A capacity of fifty tons "A day. These
will amount to $4,000. Another item Of
expense which must be met at once by
the receiver is that for ten miles of
wire rope conveyors, which is To be
railroad There is now seven miles of
the conveyOr at work, and the amount
ordered will complete this end of the
business.
The deduction OF this amount of cash
from the estimate sum would leave
some 100000, to be applied To- wages
and to take care of store. and similar
features of the plantation work. The
payroll Of the plantation is $4,000, av-
| eraging up the various branches Of
work, and by reason of the longer pc
Rod of grinding, on account of the fact
that there being no irrigation the cane
natures naturally and without any
rushing, which would necessitate the
grinding within short space of time.
1t is estimated that there would be
seven months for the grinding season
If ii We're needed.