Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1909-02-26
WAIALUA CHANGES
Debt TO SURPLUS
Started This Year With
Balance Of
Manager


place Of deficit at the end of last
year was the most attractive situation
that was reported to the stockholders
Of the Waialua Agricultural Company
this morning.
The gist of the condition of the prop.
erty is contained in Manager Goodale's
report under the head Of Expenses
for 1909" where he rays:
There will be no large expenditures
for permanent improvements during
the year 1909. Nothing is being done
now In the way of water development
or building reservoirs and no plans
have been made for any work of that
kind this year. There are no new
camps to be built on the new lands
cleared last year. For the first tim1
since the plantation was started In
November, 1898. there will be none of
the new work that has been unaboid.
able in connection with the develop.
ment of new lands, such aE the build
ing Of roads, railroads, fumes and
syphons across deep rayines, clearing
fields Of stone and lantana and build
ing new camps for laborers.
There will be two miles Of railroad
track to finish and a boiler to be set
up at the MILL There are cane fumes
to be built but not at great expense.
We shall rebuild some Of the older
camps, following the system that we
have followed for several years, of
providing each family OF every ma.
tionality with house to itself, land
enough for garden and an ample sup
ply Of good water.
There will be the ordinary repairs
and requirements, but no other new
work.
We began the year 1908 with an
overdraft Of $335.34S.02 against which
there were still unsold 1882 tons of
sugar OF the crop of 1907, that uettcd
us $2Oi,7T742.
Out OF the years receipts we have
paid the following amounts besides
current expenses, interest and perma.
nent improvements:
Balance of Overdraft Dec
ember 81. 1907 so
Bonds bought and cancelled 2l,50O.OO
Sugar Factors Co., Ltd, p.
Stock Observation-Disclosures. 43,6sO.0 90
Containers for Crop 1909 -. 33.7S9.35
Dividends, 8 per cent ...... 100000. 90
And on December Il. 1908, we had :
Credit account with Messrs.
Castle & Cooke, Ltd ....Si6l,7l5.4+
Cash on hand ............ 1866
Sinking fund .......,......t 4,333l7
The tota! net profit for the
year was ................S5 1854 ,S97 .l2
Crop Of .190S.-Grinding the crop OF
1908 began'on December Il, 1907, and
ended September Is, 1908.
The total yield for the crGp was
SO,376 tons Of sugar, or 1916 tons
more than the estimate maize ia NY
report for the annual meeting OF. last
year. 80
The average yield for the entire
crop was CPS tons OF sugar per acre:
the irrigated cane yielded $50 tons
per acre, and the unlrrigated cane on
the high lands yielded 2.54 tons Of
sugar per acre.
1909 Crop. ..
Grinding the crop OF 1909 began on
December II, 1908, and We have taken
of to date. February 18th. $685. tons
of sugar. The average sucrose in cane
to January 3lst was 1857 per cent,
lower than at the same time last year
by IA per cent. The yield OF cane per
acre was 1853 tons, and of sugar $50
tons.
The crop is estimated at 30,292 tons
sugar, from the plantation cane, and
$3.50 tons from field OF cane grown by
an outsider.
The crop Of 1909 on December 81,
1908, had cost sl5.O7 less per acre
than the crop Of 1908 on December 81,
1907. ....
Crop Of 1910.-17O acres of the plant
cane are on Helemaho new land. OF
this crop 2l50 acres are entirely dc.
pendent upon the Wahiawa reservoir
and other mountain streams for irri.
cation.
This crop has grown well and prom.
ises good yield. There will be about
1880 tons OF sugar.
Crop Of 19l1.-There will be about
5000 acres to harvest, OF which 500
acres will be plant cane.
Permanent improvements.
During the year s74.633S7 were
spent on permanent improvements.
The Blu letin Publishin0 IN