The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-02-19
KIHEI IS IN FINE
CONDITION

Plans were reported to the meeting
of the stockholders OF the Kihei Plan
tation yesterday looking to the placing
OF the plantation on a dividend paying
basis very soon, by the wiping out of
the debt of the corporation through the
sale OF the highlands, which are not
now available. and the application of
the price to the wiping out of the
overdrafts.
The meeting was a largely attended
one, ard there was the best of feeling
displayed during it's progress. The re-
4 ports were read, and each in turn
showed creditable condition of affairs
on the plantation. All the old officers
were reelected, as follows: H. P. Bald
win, president; David Kawananakoa,
vice president; L. A. Thurston, secre-
tary; J. P. Cooke, treasurer. and ]. H.
Soper. auditor.
The directors reported that during
the year past there had been consid-
cradle negotiation looking to CONSOLE
dation of the Hawaiian Commercial
[
no conclusion had been reached. owing
to the inability of the owners of the
estates to arrive at a satisfactory basis
of valuation. Later there had been a
plan for the combining of Paia. Haiku
and Kihei, and this. after much
thought. had been resolved into plan
, for the sale by Kihei outright of tract
OF 5000 acres of land, lying above the
/ 450-foot level, together with the right
of the plantation to the two-ninths of
the water of the yet unconstructed
ditch from the Koolau side of the is
land, for the sum of 100000, In addi-
ton, the plantation would receive the
surplus water from the Paia and Haiku
bitches at a nominal price.
If this conclusion is reached, the
receipt of the sum named would cancel
the entire debt of the corporation and
leave it with a credit in the hands of
the agents, and as well reduce its ex-
pense by a sum nearly $4,000 a year.
1t will also give to the estate ditch |
water at a cost of from one-third to
one-half that of pumping for from four
to six months of the year. The lands |
which are proposed to be sold cost the |
corporation 500 an acre. SO that there |
would be no loss upon the sale, but the |
portion of the estate which is not used |
would be disposed.
This decrease of acreage would leave |
to Kihei 1850 acres of land, capable of
producing from 1000 to 10000 tons of
sugar in the year. II the plan goes
through, there will be a completion of
the Koolau ditch on behalf of the Paia
and Haiku plantations, and this water
will be used on the highlands of the
present Kihei property. This PROPOSE
ton. has been approved by the Kihei
directors and submitted to those of the
two other plantations named. A large
majority of the stock in the latter
plantations is in favor of the carrying
out of the plans, but before final action
is taken there are being made exact
surveys to ascertain the available cane
lands in the tract to be sold. No objec-
ton was made by any of the Kihei
stock but strong approval was made by
many Of those present, as the prospect
is that this may result in placing the
estate on dividend paying basis by
next year.
The financial report shows that the
operating expenses were $360,sS2.27,
while the receipts We're $275, 00S.06. A
number of economies have been intro
duced, however, including those of oil
service. The bitches have been COM
pleted at comparatively low cost, and
the outlook for good crops is shown in
the following sections of Manager
Scott's report:
I'VE cut about 1,0e0 acres of cane.
from which we obtained 6,s53 tons of
sugar. carrying over so acres plant and
40 acres ration cane to be ground with
1903 crop.
THE heavy plant cane at Camp No. 8.
which was planted so late in the spring
of 1901. yielded we'll, as will be seen
from the following: From 22S acres cut
in May and early part of June we got
426 tons per acre from 2S9 acres cut s
in September 66.O44 tons per acre, and
from 111.S5 acres cut in October and
November. 80 tons per acre. Most of
this cane was harvested at from Is to
16 months old. Had this cane been
planted in proper season. and with US
uaI attention, the yield per acre should
have been very much higher. S
THE cane was unripe. but 1t averaged '
about So tons OF cane to the ton of !
sugar. If it had been ripe IL tons of
cane would have made a ton of sugar. 6
This year we have planted SIS acres
which. with 434 acres of ratoons, and
the 80 acres carried over from the 1902