Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-02-27

The addition to permanent improve
ments were for material, S3O3.O15.S5
and for labor Sll1.793.S4.
| Exhibit b gives the operating ex.
penses for the past year as follows;
Total tor crop 1901. $1.1S5.4i714; 10Y
crop 1902 $3.50, 975.0l; for crop 1908,
1888, and for crop 1904 $54I.O5.
Exhibit C gives the revenue account
, for the past year and also account OF
| profit and loss.
Exhibit II Is the balance sheet icon.
densed). December 3lst, 1901. II gives
| the resources of the company as Sc.
| 3SS. O9S.3S with the liabilities: Castle
& Cooke. Ltd, agents. 1882, 0i9.50; un.
paid TRAITS on agents. S6G3.S3: unpaid
dividends, sl9,O27.GO; unpaid interest
on bonds, $4,000; personal and trade
accounts. 500, 1861; aggregatinE to
s4SG,
Exhibit + gives summary Of re.
Ceipts and disbursements for the past
year.
Mr.. Dickoy wanted to know IL the
surplus of $i02.020.9l mentioned in
Exhibit d was available for dividends.
Mr.. Bowen answered saying that while
that sum was a surplus, still 1t was
not available for dividends, as it was
tied up as could be seen from Exhibits
A and b.
j. b. AthertOn stated that the sur.
plus was paid into the plantation and
il used for dividends would have lett
the plantation $500 900 in debt instead
of 100000. He further stated that
/ ~ hnI I,r 70
rem nj the sale of S13O,O00 worth OF
surplus sugar which was down in the
| report as unreported.
The report of the treasurer was
then unanimously adopted.
Dividend Rumor Denied.
Chairman Atherton wished to
state that he had heard that there
were street rumors to the effect that
| no dividends would be forthcoming
| this year and that these rumors had
caused people to come to him to in.
quire about this. He wished to state
in this connection that the stockhOld
ers could always get absolute inlor
nation at the Office of Castle & Cooke
and that in case 1t was thought any
reduction was to take place. this would
not be told to people individually but
would he given TO all alike. II was
not probable that any reduction would
taNe place, but. on the other hand, one
could not be infallible ON account oil
the fact that neither the price OF su
gar nor the price of labor in the fu
ture could ne known. 1t certainly
made good showing to see that the
expenses Tor t1| month OF January OIL
this year we're S60,000 less than those
f the same month of last year.
The election of directors followed
There Was some confusion owing tC
the fact that G. NJ. Cooke and Il. d
Tcnney were absent and that temper
airy directors had taken their places
Finally w. r. Castle moved that tn,
secretary he. instructed to cast bal
Let ior the following directors for tn,
ensuing year: J. b. Atherton, Clar
ence II, Cooke, w. F. Allen. f. ]
l.owrey and w. A. Bowen. This wal
unanimously carried.
The next order of business Was In,
considering of an appropriation TO
benevolent and moral purposes TO
the coming yea. The chairman stated
that during the past year $1,000 haC
been expended for the hospital and
little over $1,000 for kindergarten AM
religious work out of an appropriation
OF 5000. The motion was unanimous
ly carried that S2500 be used for relig
icus and kindergarten work, while tn,
hospital expenses be transferred I,
the general expense account.
W. A. Bowen gave notice that an,
stockholder changing his place O
lesidence should notify the Eeasure
of the company thereof by postal card
j. b. Anterior remarked that a
all those present were stockholders O
; the hpokaa Sugar Company, of whic
L meeting was called for 1890 q. II
OF this day the stockholders could
.. So was their pleasure, hold the NEE
ing then and there, or leave actio
to the directors. 1t was decided I
take the latter course and the meetin
adjourned.