The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-02-25

Annual Meeting of the
Waimea Sugar
Company.

The Waimea Sugar Mill company held
its annual meeting yesterday morning at
10 O'Clock in the assembly room over
Castle & Cookies. The election of off
GERS resulted as fillows:
w. E. Rowell, president; ]. A Gilman,
vice president; E. D. Tenney, secretary;
w. A. Bowen, treasurer; E. P. Chaplin,
director, and T. Richard Robinson, audi
tor.
Manager Fassoth's report, dated Wal
mea, Kauai, January IL, was presented
as follows:
l beg to submit my report for the year
ending December 81, 1908.
Crop I9o3.-During the past twelve
months we have taken off no acres cane.
yielding an average of 80 tons sugar to
the acre. e acres of rauOOns are car
rled over from crop 1903. This cane did
not rlpen, but after application of the
new Wa1nlea River water started vigOr-
GUS growth and it has seemed advisable
to let it stand few months longer.
Crop I9O4.-This consists of 100 acres
plant cane and 90 acres rattoons, also
e acres OF rattoOns carried over from
crop 1903. The planting was DELAYED
until completion OF the new ditch early
i'll September, and [ should be inclined
to put off harvesting the cane from Sep
TENDER (tle regular period for the COM
mencement OF Cutting) until January of
1905, thus giving the plant cane a period
OF about 10 months in which to mature
But 1t will be easier TO Judge when the
cane Is further advanced
LabOr.-Ihe contract made with the
Japanese Co, for the entire care of the
telds and delivery OF cane to the mill,
am glad to say works very satisfactorily;
they are working faithfully and seem
satisfied with their engagement so far.
realizing that they are working for them
selves as much as they are for their en-
ployers.
improvements The mill has been thor
Oughly overhauled and a new roller
put in to replace one which was broken,
so that | do not look for further heavy
charges for repairs
Waimea Ditch.-COnstruction was
commenced OH January 10TH 1908, and
the water was turned on September end,
1908. The delay of three months being
OCcasloned by the late arrival of mate
rial. The late turning on of the water
has caused an unsatisfactory and dis |
appointing year, but the young cane is |
full of promise. entirely different from
anything we have had for some years.
Treasurer w. \. Bowen submitted |
report covering the following heads:
Permanent Improvements and Equip |
ment; Operating Expenses; Revenue Ac- |
count; Balance Sheet Condensed; Treas |
urer's Summary for the Year 1908
Under Permanent Improvements and |
Equipment, a balance for December 81, |
1908, was given at SI42,I06.7I for 1903, |
1 total OF $I79e49.26.
Under Operating Expenses for 1908,
he report an expense of $37,5I3.7o. OF
his $II,o36.25 was for cultivating and
for which the company paid
for 1905 tons of cane at
S2.25 per ton. The steam pump ex-
,ense for six months was $6,35I.62.
In the Profit and Loss statement, the
balance brought down is $42,66z.62.
The assets are given as follows:
Permanent Improvements and
Equipment Accounts as per
Exhibit a. ..............$I 7o,o4o26
al. and HaW. Sugar Ref. Co.
INVESTMENT ...,..... 4,55o.oo
Cultivation Contractors go. I2,6I3.43
ash on Hand. ............. 44-IO
Containers. ............... 10000
line, Oils, Etc. 1900
spare Fumes and Pipes.... 37I.S9
sugar unreported (estimated) II,o2S.04
rrade and Personal Accounts 1858
Deficit at Debit OF Profit and
Loss. ................... 100000
Or |