Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1906-02-27
PARTICULARLY FORTUNATE
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crop we are cultivating 1000 acres OF
plant cane and LOO acres of ratoons.
We were unable to plant all we had
planned as our new set of steam plows-
did not arrive on time. We were UNI
able to get them into the fields until
July 1st after which date however.
they did excellent work, not having.
been laid up for repairs a day. Tho
early plant and ratoons are in excel
lent condition but late planted fields
have been somewhat retarded by the
cold weather. There is practically no
leaf-hopper to be found now, due.
think, largely to predatory insects In
troduced by the II. S. p. a. Experiment
Station. We are also indebted to the
Experiment Station for eleven varie-
ties Of cane new to the Islands some
OF which promise we'll.
! We began blowing for the 1908 crop
December 9TH and plan TO plant 1900
acres and ration 1,S00. Whether we
can do so or not will depend however
on our water and labor supply.
Big Improvements.-The Maui Agrf.
! cultural Co. has invested in Permanent
, Improvement 81 .092, $4,000 which
amount includes 1915, 1890 expended
/ by Haiku Sugar Co. and Paia Planta-
ton on the new ditch previous to the
formation of the Copartnership. Tho
improvements consist principally OF
the new ditch, the new factory and the
! extension OF our railroad system. Be-
. sides the above we have purchased
new locomotive and more rolling stock,
: built a new camp on the plains, en-
larged the old camps, built severug
, cottages for head men and purchased
q new set OF steam plows The value
OF the property has unquestionably
been enhanced to the extent Of the
amount invested under this head.
During the coming year 1t will not
be necessary to do much in the way
OF improvements other than railroad
and ditch extension and the completion
of the new factory. However. II our
returns will warrant, we should do
considerable In the way OF reservoir
construction and should build a new
and up-to-date hospital.
The Maui Agricultural Co.'S operat-
ing expenses for 1905 amounted "
s7s i.S3l.S0. Under growing crops"
the following appear: Sisal. s6,S0S.6 90
and pineapples. S7,027.97, Haiku ranch
crops. The Maui Co.'S total sugar
crop for 1905 was 17.753.25 tons. The
. company has a surplus OF $S57, 9O9.73
HAIKU SUGAR CO
Treasurer j. =. Cooke of the Haiku
Sugar Company reports as follows:
In lieu of the Managers Annual Re-
port, | beg to hand you herewith I
copy of the annual reports OF the Maui
agricultural Company, marked "EXhI-
bit c." which contains the Managers
report for the partnership as whole.
Most OF the surplus earnings Q! the
Maui Agricultural Company have been
applied toward its debt to your COM
pany and to Paia Plantation. With
the proceeds of these payments from
the Maui Agricultural Company a divi-
dend or Ia per cent per month has
been paid to your stockholders. and in
December your Directors voted TO in
crease this dividend to per cent per
month.
The surplus earnings OF the Maui
, Agricultural Company In 1906 will con-
tinue to be applied towards reducing
the debt to Haiku Sugar Company,
J which on December 3lst, 1906, was
Sll,S7255 and the debt to Paia Plan
tation, which on the same date was
, sl5O,SO51S.
The remaining bonds of your COM
: pany, amounting to $S3,O0O.O00, were
sold In the early part of 1905. This
completed the total bond issue of
s3OO,OOO.00 authorized by the Haiku su-
gar Company. The payment OF these
bonds has been guaranteed by the Maui
} Agricultural Company, under its part
nership agreement.
| PAIA SUGAR co.
Says Treasurer Cookie OF the Pala
Plantation Co.:
Tire surplus earnings of the Maui
Agricultural Company in 1906 will con-
tinue to be applied towards reducing
the debt TO Paia Plantation, which ON
December Slst. 1905, was $3.50, SO5.ls
and the debt to Haiku Sugar Company,
which on the same date was $17l ,S72.55.
The remaining bonds OF your COM
pany, amounting TO $ll3OOO.O 90. were
sold In the early part Of 1905. This
completed the total bond issue of $780,
10000 authorized by the Paia Planta-
ton. The payment of these bonds has
Deen guaranteed by the Maui Agricul-
tural Company, under its partnership
agreement.
The Old officers Of the Maui Agricul.
tural Co, Haiku Sugar Co. and Pais
Plantation were reelected, as were al
SO the old officers OF the following:
kalialinui, Pulehu, Kuia, Makawao and
Kallua, for all Of which Alexander &
Baldwin are agents.