The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1904-10-15
SUGGEST SALE
OF PUMA LANDS


After making complete Inspection
/ of the Puma sugar Dompluys proper
/ ~ the receiver William pfoteuhauer.
recommends that 10 Boz sold lt as early
! % date as possible. preferably as
! whole, but IL not, Boo lots and parcels.
The receivers report was filed yes
! terday with the Circuit Court. 10 being
the result Of the visit recently paid the
property by Pfotenhauer
II states that the plantation owns I'm
fee simple, S2ll acres Of land. Togeth-
er with leased lands It has 5000 acres
OF cane land. of which about 1000 acres
have been cultivated The cultivated
area consists Of 1122 acres at .Kapoho.
IS acres at Kamailc and 500 acres at
Pahoa. OF this cultivated area 1876
acres is fee simple land and the ball
ance leasehold.
There are two main divisions Of the
plantation known as the Pahoa and
kapoho divisions, situated respectively
is and "a miles from Hilo on the line
of the Hilo Railroad Co., with a sub
division of the Hilo Railroad CO.. with
subdivision known as the Kamaile
division about four miles from the
headquarters Of the Kapoho division.
The main divisions are connected by
the standard gauge railway of the Hilo
Railroad Co. and the plantation rail-
road is of standard gauge, the roadbed
well ballasted and the 4O-lb rails in ex-
cellent condition.
The amount expended by the COM
pany on real estate, as shown by its
report for 1903 is 1852. 623.52. The re-
ha i
condition and ready for immediate use.
He caused 1872 cane cars which had
been hauled to the mill yard of the
Olaa Plantation Co., Ltd, to be
brought to the headquarters of the
Kapoho division, likewise collected and
housed the tools and implements about
the plantation.
summary of the acreage noted is
as follows
Total crop 1908. Plant cane. 1868
/ long ratoons 56S.61; short ratoons, $751;
80; total 1O72.27 acres.
Total crop 1906 Plant cane, 1925;
long ratoons, 20; total 1925 acres
Statements are made regarding many
! fields which would have constituted
| the 1906 crop, but which are lying neg
| lected or abandoned. The total area
! of such is S22.S4 acres. Something over
! 100 acres of land cleared but never Gull
! tivated is described. Three areas
amounting to 26OO acres are described
as available for development. one of
which (35O) acres) can be cleared for
$25 an acre, and two (total 23OO acres)
for $50 an acre. Seven or eight miles
of railroad extension at cost of $12.-
600 a mile would be required for de-
veloping these lands.
The value of the cane has been esti-
mated as follows: 10 tons per acre al
$3.50 per ton of cane or $3.50 per acre
One thousand and seventy-two acres
at $3.50 per acre would yield S93, 26O
Estimated cost of harvesting and plac-
ing cane in cars on main track at 81
per acre, or a total of $16,0SO plus
hauling 206SS tons cane at say 40c
equals $S367.2O, or a total expenditure
of $24,347.2O, leaving a balance of $685..
$3.50.
The following are among the more
important contracts made by the Puma
Sugar Company, Limited:
Il. Contract dated July IS. 1901 be,
tween Puma Sugar Co., Ltd, and b. F
. Dillingham; CO., Ltd, term 10 years
agency contract for disposal of sugars
and purchase of supplies.
"2. Cane hauling contract dated Oct
! 20, 1902. between Puma Sugar CO., Ltd.
and Hilo Railroad CO.
''3. Contract dated October 20, 1902
between Puma Sugar Co., Ltd, anC
; Olaa Sugar CO., Ltd, same being grind
ing contract, and providing a guaran
tee of payment of interest, rent anC
taxes by Olaa Sugar Co., Ltd, for Pu,
ma Sugar Co., Ltd. Relative to thi
latter contract the receiver asks tn
court for instructions as to whethe
suit should be brought upon the same
] and to that end that this court appoint
a day for hearing, with notice to al
parties to this suit as to the prophet!
and form of such instructions.
, The report concludes thus:
Upon a reading of the pleadings n
this action and a view of the prem
ises, the receiver recommends that sale
property be sold at an early date. as
whole if possible, and if not then II
LOT