Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1906-03-22

cred to us a total of 1920. S52, 1888 gal
Ions of Hanapepe water throughout the
year.
The 1905 crop turned out 1900 tons
1856 tons we're on hand and credited TO
the realizations of the 1904 crop, the
amount being s113,4l419; 1863 tons of
the same crop made last December and
now shipped, the returns for which are
not yet received. are estimated to real
lie s9,S1i.75. giving a total income for
the years crop of S91S,652.25.
The yieldffrom the 1907 crop will de- |
pend largely on the date when we are
able to deliver the additional supply Of
water, now being developed.
Our net operating expenses for the
year. including taxes, but exclusive OF
interest, bond expenses and deprecia-
tons, were s607, 2eS.76 or $50,605.73 per
month. The increased cost OF operai-
ing expenses this last year over the
previous year was due primarily to the
drought, calling for continuous pump
ing from January to November, involve
ing an extra expense OF S35,S39.42. Ma
kaweli water also cost us $4,000 more
than the previous year. Increase in
taxes also contributed to the result.
Bond expenses involved in the large
sale of bonds last year added SS.50l to
the normal outlay under this item.
On permanent improvements last
! year 1874, 026.22 were expended. not in
Guiding s36, 10000 paid for Sugar Fac
tors Stock and $3.50, $4,000 for Kauai
Electric Co. stock. Two additional res
servoirs were installed. one In A"po
gulch and one in Omao E'Ilch, both
reaching storm and surplus water In
those gulches for the first time. Our
permanent railroad track has been
completed into Koloa village and a
branch line has Oeen constructed from
the main liue a: kalaheo up 10 the foot
Of fields 10 and lG on the slopes of Ku-
kuiolono. making the total permanent
track upon the plantation 1874 miles.
Six miles OF forest fence protecting the
entire forest reserve OF the plantation
has been built, and the Farley tunnel
carrying storm water from the Wahia-
wa River enlarged.
Counting the permanent investments
made by the company in the stock oi
, the Sugar Factors Company, Limited
and Kauai Electric Company, Limited
we have added to our permanent assets
, available as security under or bonded
debt. the sum OF 1921, 546.22; so that
, while II has been poor year for th'
stockholders, much has been done e
add TO the permanent value OF the as
: cts OF the Company, and with the com
pletion OF the present water develop
ment. the stability and value Of tn,
plantation. both from the standpoint o
!, the stockholders and bondholders, will
!, have been materially advanced.
n The installation Of the Kauai Elcc
h trio Company power plant is well alon
! toward a satisfactory completion. A
i this writing about 1000 feet Of TUNE
y line and 1850 feet OF the ditch line hay
n been finished, leaving only 1850 feet q
Is tunnel and $3.50 feet of ditch still to d.
"a In order to hasten the work on Gel
tain tunnels where the rock is uneon
10 monty hard, the contractor is about I
an install power drills which will insul
or the timely completion of the contrac
a The following is an extract from
70 report by Mr.. A. Gartley, General Mar
y ager of the Hawaiian Il lectric Con
NJ pany, Limited, with regard to the els,
n trio power plant:
"A The Hawaiian Electric Company
o Limited. have undertaken the installs
n ton Of the plant from the fore-bay
"a the point OF delivery OF the electric GU
M rent to McBryde Sugar Company. I'll
M whole undertaking has presented man
~ difficulties, but believe the work
"a now well in hand and that II will |
r. completed during the month OF Jun
nc This plant represents. In my opii
n ion, a very valuable asset OF McBry,
plantation. II will have been Unstable
n AZ a comparatively small expense col
a. sidering the large amount of pow,
"a available. The plant can be increase
M one-half at a comparatively small e.
a., penditure
when the present plant is compile
ed, II Ii calculated to furnish 24l
horsepower at McBryde and with Il
one-half increase would give 5000 |
Z. available.
I'VE have aimed at simplicity in col
struction and the result will be etilciel
and simple operation"