The Hawaiian gazette., 1905-02-28
COMPANY
MEETINGS

At the meeting of the Oahu Sugar
Co. held at the office OF II. Hackfeid &
Co., Ltd, yesterday. but one change ives
made in the officers. this owing to the
intended departure of II. A. Isenberg.
the retiring treasurer. The officers now
are: ]. f. Hackfeld, president; NJ p.
Robinson. first vice president; F. Lewis,
second vice president; w. Pfotenhouer,
treasurer; f. Klamp, secretary; A.
Haneberg, auditor; F. ]. Lowrey, j. A.
McCandless, +. Munlendorf and A.
Focke additional directors.
Treasurer Isenberg's report showed
a balance of receipts over disbursc-
ments of 21S.67909, after writing off
$4,000 as depreciations. The net profit
of the company for 1904 amounted to
$226,516.S6. or more than sufficient to
Justify the payment of per cent divi-
dend on the capital stock, notwith-
standing the fact that the company's
debt to its agents could not be reduced
owing to the unexpected large shortage
of the crop.
In conclusion" the treasurer says,
Il beg to mention that the directors of
the company have decided to increase
the monthly dividends of u per cent TO
l per cent beginning with February Is,
a. c., in view of the bright prospects
on account of the expected large crop
and the prevailing high price of sugar"
The cost of permanent improvements
added during the year was Sis, 46S. O3,
and the balance on Properties" ac-
count Dec 81, 1904 was "a, 039, 1S9. gS. be-
ing small increase in value over the
corresponding date of 1908. Total of as
sets IL given as $5,130,0O5.22.
Manager Il. X. Bulls report shows
the output of sugar from 3l64 acres to
have been 2O,S69 tons, 1175 lbs. The
yields of a number of fields were great
ly decreased by attacks of the leaf
hopper the previous years. A crop OF
10000 tons from 1909 acres is estimated
Tor 1903. There are 1858 acres for the
1906 crop.
The mill is making a splendid show
ing this season." Mr.. Bull says. 1--WE
are grinding an average OF 1900 tons of
cane per day, and have several DAYS
made runs of over 1900 tons. with an
extraction of 95.2 per cent to 95.6 per
cent"
KoLOA.
The Koloa Sugar Co. met yesterday,
re-eiecting the following officers Hans
lsenberg, president; II. A. Isenberg,
vice president; f. Klamp, secretary;
w. Pfotenhauer, treasurer; Armin
Haneberg, auditor; C. NJ. Cooke, Hans
Isenberg, Fl. A. Isenberg, w. Pfoten-
hauer, F. Klamp, directors.
Manager p. McLane reported the
crop Of 1904 as 617i.54 tons sugar from
1914 acres, and estimated 5000 tons for
the 1905 crop, with Increases of acre
age for 1906 and 1907.
balance of s172, 1881 was carried
to the present year.
WAIMEA.
Walmea Sugar Mill Co held its an
nual meeting at the offices of Castle
IL Cooke, Ltd. electing the following
officers: w. r. Rowell, president; j.
A. Gilman, vice president; w. A.
Bowen, treasurer; C. II. Anterior, Sec
rotary; w. II. Schmidt, director; I.
Richd. Robinson, auditor.
Manager John Fassoth reported hav-
ing taken off only ~ acres of rattoons
the past year, which yielded nearly
252 tons. For the crop of 1905 an es-
innate of 1850 tons is made, and 400
tons for 1906.
Operating expenses for the year were
$26.257S2. The liabilities, besides cap
ital stock of s125,OOO, amount to 49,
1869.
OTHER COMPANIES.
Waimanalo Sugar Co., Olowalu Co.,
Hilo Sugar Co. and Waiohinu Agricul-
tural az Grazing Co., all held their an
nual meetings at the offices of w. G.
irwin & Co., Ltd, yesterday, but all
peing practically close corporations
nothing was given out regarding them
except that the reports in general were
favorable. Only one stakeholder out
side of the Irwin interests attended the
Waimanalo meeting.
The Lihue Sugar Co., another close
corporation, met at Hackfelds.