Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1903-07-15

w n. Pain and II, w. S. Edmunds
have issued prospectus OF the Ha-
Nailan Sisal Co. Ltd. TO be organized
cor the development of sisal planta-
zion on the lands of the Heeia Agricul-
.ural Company at Heeia on this island.
The company has over 10000 acres at
its disposal under favorable lease and
IN fpe simple. Conditions of the loca-
ton are highly advantageous for pro
GiuCing first class fibre. Urder the
leases all the houses at Heeia and Ka-
aeohe pass to the control of the new
company and a good portion Of tho
Land is very well fenced, thus obviat.
lng large initial expense on this score.
Arrangements have been made for
he importation of young plants re-
CuiIpd for seed and by buying in large
Quantities very favorable terms can be
made. There is already growing on
rhc land good number of thrifty sisal
plants the leaves from which have
,geCn tested with the best results. The
caster oil bean is also being produced
sd the lands at profitable figure. Dnr-
ing the first year 1t Is proposed to plant
san oCres in sisal and besides thia
cbe cultivation of hemp. ramie, juts
and abutilon fiber will be undertaken.
The water supply from rainfall and
vEaier courses is conservatively esti-
mated at eight million gallons a day.
WhiLh is quite sufficient for all pur-
Doses.
The management Is to be in tho
hands Of II. w. S. Edmunds, who
undertakes to produce fiber at cost
uha, will give good profit should the
selling price fall as low as three cents
Il pound. The present selling price In
San Francisco is 9 cents pound. Ed
a0nds has had extensive experience
IN tropical and semi-tropical countries.
especially in Mexico.
II is estimated that profit OF at least
80 TO 100 per cent on the capital ex-
pended during the first four years can
Soe safely reckoned upon in the case Of
the irst crop. which IS obtained, as we
have above stated, at end OF three
years or three and a half years after
planting, according as "bulbils" (pole
golantsl or plans Of older growth, are
planted, and that a profit Of at least
20 TO 200 per cent on the annual cap
ttal expenditure can be reckoned upon
each year afterwards, during the life
OF the plantation.
And 1t is confidently expected that
the income in the meantime before the
First crop Of sisal is obtained, from the
cultivation OF jute and hemp and ramie
and abutiion fiber and other fibers, and
crum the cultivation of manioca, to-
bacco, pineapples, castor oil beans, and
other quick-growing crops, will
amount to at least $50 to 500 per acre
per crop, giving a net profit of at least
$40 TO $50 per acre per crop.
Extensive tables are given in tho
prospectus which deal with the items
Of expense in most minute detail, esti-
Nrfatlng the selling price at the lowest
figures and expenses at the highest.
This shows a certain and well sus-
tanned profit on the investment
Referring to the small farming feat
ures the prospectus says:
1T is a mistake to imagine that
Sisal is a small farmers crop, at least
in the ordinary, proper American ac-
ceptation OF the term, as the length Of
time which must elapse between plant
ing and gathering necessarily pre-
ciudes its being so, especially when.
IN addition to this, the cost of neces-
sary mill and baling press, and the
labor OF gathering and milling and ex-
pense of carriage to mill are taken into
consideration. As only some 4 to .
per cent of the weight Of leaves is re-
turned in fiber, the expense for cart
age OF the leaves to the mill or factory
Is heavy item even with the portable
mills we intend using, and necessarily
involves considerable expenditure in