The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-02-25
PLANTATIONS
SHOW PROFIT

At the annual meetings of the Paia and
| Haiku plantation companies held yester-
! day at the offices of Alexander & Bald
win, the agents and large stock holders.
! officers were elected and annual reports
read. The results of the years work in
each case were very satisfactory, though
according to the report of the manager
! of the latter plantation, there was con-
siderable loss owing to the drouth.
| The report of Manager Lindsay of Paia
! shows an estimate OF the crop of this
year of 5000 tons, as against a production
OF 1916 last campaign. The labor has
| been scarce but not a sufficient shortage
20 hinder the workings OF the plantation.
! The Improvement work is summed up in
| the following paragraphs:
| For the crop OF 1903 we have planted
| $50 acres of cane and are carrying SOD
acres of ratoons. Almost all of the plant
| cane and a large proportion of the ra
tOonS have been let out TO companies on
the profit-sharing system.
About August or September this year
We hope to h. supplied with crude oil 10
be used as fuel in our pumps, instead OF
coal. This will be a great Improvement
and result in a very considerable saving
on years run. We purpose this sum-
mer to run our ditch out on the true
grade over our Kailua land. and also 20
able US at an expense of say So coo to
cultivate Immediately over 200 acres of
virgin soil and at the same time form
permanent extension of our ditch for fI-
ture use. There has just been landed
here, for our plantation, a cane loading
machine, but no trial has been made.
any report about its worth would be pre-
mature; We are hopeful, however, that it
will be just what We require and reduce
our loading cane to 80 per cent of its
present cost
The report Of the treasurer shows that
the operating expenses for 1901 were s322.-
1881. and the net profits 500. ;yCS. a. while
the dividends paid were $127,500 and the |
surplus account s134,600. The total value
of the companys property. including SUI
gars in transit, is put at 1904 80 81. The |
following officers were reelected: II. Z. |
president; S. NJ. Damon, vice |
president; j. 2. Cooke, treasurer; ]. B. |
Atherton, secretary; w. G.. Taylor. audi |
tor. Board of Directors-H. p. Baldwin. |
S. NJ. Damon j. p. Cooke, J. B. Ather-
ton, T. ". Hebron.
The report of Manager II. A Baldwin !
Of Haiku Plantation, shows 4 great ran
ing off in production, owing to the
irouth. The estimate made was for 1000
tons, but the outlook now is for not |
more than $500 tons This was attributed
o the cold weather of January and Feb
'uary, and the lack Of rains in April and
succeeding months. The crop for 1903 viii
ONE from 1115 acres, of which 400 acres
5 Tatoons
After referring to the long pumping
peil during the past year. and the fact
hat the ditch was lower than at any
'feVious time. Manager Baldwin says OF
Two reservoirs have been added to | :
ur storage capacity. one of 10000. 600
allonS capacity was constructed and an |
Id reservoir, abandoned about - years |
go. was rendered Serviceable, giving us
bout 100000 gallons more capacity. The |
arge reservoir at Haiku, mentioned in =
ist years report which, when cOmplet-
d, will be capable of impounding over
y, 100000 gallons of water, is at present
! process of construction. but will not
e completed before next fall as we will
ave to take off our steam-plows soon Is
'Om that work.
The financial statement shows:
Resources-Stock accounts as per ex-
hit y, sos. 2.91; cash on hand SS47. 81;
1889. Total, s610,S69.12
Liza bilites-Capital stock $500 900 drafts
npaid, S26617; due Honolulu agents |
81; due San Francisco agents. S79-
sos. Sundry and personal accounts. SILL
S.39; surplus, $12. 053.S7 Total. 500, S69. T. -
The following officers were reelected: L
p. Baldwin. president: S NJ Damon,
&c president; j. p. Cooke. treasurer;
B. Anterior, secretary; w. CT Taylor
lditor; II. p. Baldwin S NJ Damon J. -
Cooke, ]. p. Atherton and c H. Dick
D., board of directors =,