The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-03-13
OLAA SUGAR
COMPANY
Three Coming Crops
Forecasted-.-The
Finances.

i Olaa Sugar Company held its annual
fne etang yesterday, when the following
loff7efrs were reelected: L. A. Thurs
/ tons president; w. F. Dillingham;, first
vice president; a. w. Carter, second
vice president; Alex. CARVE. treas
|1lrer; A. W. Van valkenburg, secre-
tary; A. w. t. Bottomley, director:
Robert Cation. w r. Jameson is
auditor. and John Watt manager
Bishop IL Co. are the agents
The treasurer's report has receipts
and expenditures balancing at 81 1885,
6Se.15. Receipts for sugar. after de-
Quoting $ss72.2S for sugar on hand,
were $3.50, ~ The store profit was
$500. 81. Expenses for the crop 1so4-5
amounted to 1856, 755.25; for that of
1866, S4,93l.37; for that of 1867,
$273, SOTO; for that of 1903, s2S72.05.
With a deduction of 10 per cent. for
depreciation, the company's property
is valued at s4,G44, 962.99. The balance
sheet shows assets of $7,:f5, 537. 96, in
Guiding $402, 435. 90 charged to profit and
loss. The company holds s106, 780
treasury stock. si57, 1866 IN Puma
Sugar Co., 100000 in Sugar Factors
Co. and $4,000 in Keaau L. & z. CO.
stock. Bills payable secured by SSH
900 bonds amount to $465,000 and
agents account to 1898. 1882, of which
1888, 1882 represents advances. Capital
stock is 81, 1896, $50 and bonds aggregate
81 $50 600, of which 5000 are soi6.
There is reserve of $34.294.50
The report of John Watt, manager,
contains the following information:
The crop of 1904-5 was harvested
from 5632.2S acres, which yielded A.
50S.1335 tons of sugar
A very small percentage of this crop
was harvested from plant cane.
The crop of 1866 will be harvested
from 2155.06 acres plant cane and o.
027.32 acres of rattoons. Total, 4242.3S
acres. There is about 1888 acres of
cane to harvest at Puma, of which
1858 acres is plant cane.
The total yield, including Puma. Mr..
Watt estimates at 1880 tons of sugar.
For the crop of 1867 the plantation
has 1882 acres of rattoons and 2674.3
all GO VI Pfdiab Sdi1S W iioI sCSl, anu All
addition to the above there will be be-
tween three and four hundred acres
OF rattoons to harvest at Puma.
Most of the planting on Olaa has
been done with Yellow Caledonia
cane, excepting on the extreme upper
lands, which have been planted with
Rose Bamboo.
So far the leaf-hopper has done little
or no damage to the cane for this
crop.
For the crop of 1907-s the manager
hopes to be able to pillow and plant
about 2200 acres and there will be |
about 1000 acres of rattoons.
Mr.. Watt concludes as follows:
THE mill work was very satisfac- |
tory and the sugar arrived at the re-
dnery in good condition.
''The Harsey Dryer improved thc
condition of the sugar and the install
lation OF this machine was decidedly +,
a step in the right direction.
I'm the boiling house we used what
is known as the Java System of /
boiling. Seventy hours after the last
cane of the crop passed through the
rollers, all of the low grade sugar was
Cried and shipped
During the month of December, we
imported tnree cane loading mach1neS,
the same as are in use at the Waia-
kea Mill. These machines are doing
excellent work.
During the past year we have
spent, on permanent improvements,
the sum of $52,003.S2, and / expect
there will be very little capital ex-
penditure for the coming year
I'VE have cleared about 400 acres
of new land at Mountain View. which
viii be planted for the crop of 1s07-8."