The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-12-30

Pahoa branch. For the present 35lb.
rails are being used. Heavier weight
viii be substituted when the traffic
warrants it.
This extension of approximately
seven miles, will be completed by Sen.
TENDER first next. when the regular
Puma train will extend its schedule to
Kaucleau.
Cant 6 Bolte will Immediately begin
the shipment of ties, lumber and FIRE.
wood. The extension also reaches the
rubber plantation of the Pacific Devel.
opment Company. It opens upwards of
1000 acres of the most fertile land in
Puma, heretofore inaccessible for lack
of roads, pack animals over Obscure
tails having been heretofore the only
means of transportation. A further
extension of mile to Kamaili will
give access to another 1000 acres of
rich land. It is confidently expected
that the land along the line of this ex-
tension will speedily come into eultiva.
ton and that it will become valuable
feeder to the general system.
Additional Rolling Stock.
During the year the company has
purchased one additional locomotive
and fifty 4O-ton fat cars, all of which
are in use to their full capacity.
Receipts and Expenses.
The gross receipts for the year were
as follows, viz:
Revenue from transporta-
ton ...................$ 1924, 1888
Revenue from trackage
rights, royalties and other
sources ................ 14,404.S4
Total receipts railroad prop
er ................... $23S, 59242
Net receipts from store and
shop earnings, and sources
other than railroad trans
portation .............. l5,2S9.76
Total receipts .............$2 1888, SS21S
The operating expenses for the year
have been $12S,757.66.
Expenditures for fixed charges, in
terest on floating debt, etc, have
amounted to $79,671.53.
Summary.
Total receipts ..........$25S,SS21s
Operating ex-
penses S,75766
Fixed charges
rent and bonded
interest ....... 64,sOs.O0
Interest on float
ing debt and
other expendi-
lures ......... 14,S63,53
$500 2OS, 1919
Net earnings ........$ 45,452.99
Less extraordinary expendi-
lures not chargeable as
capital expenditures and
not being recurring oper-
ating expenses ........... 4O,O72.S7
Net profits for year, over and
above regular operating
expenses, extraordinary
misunderstanding expendi-
lures and all fixed charges.$ 5,3SO12
Freight Traffic. -
The number of tons of freight car
ried during the year was 1926, as
against 1861 for 1909 and 62,S34 for
1908.
The receipts from freight traffic
amounted to $17S951.99 as against
1892, 1868 for 1909 and 500, 1858 for
1908.
OF this tonnage 3l,SO1 were railroad
freights, including Hahalau extension,
making net tonnage of outside freights
carried, 15s,495, an increase of 1884
tons over last year, and of 95,661 over
1908. An allowance of 327c per ton
is allowed on railroad freights.
Passenger Traffic.
The number of passengers carried
during the year was 1904 as against
| 1924 for 1909 and 90 1856 for 1908; an
| increase in number of 1850 over 1909,
and 14,1S9 over 1908.
The receipts from passenger traffic
for the year were $S3 ,2s9.32, as against
$32,301 SO for 1909 and $27, BILL for
| 1908; an increase of $9S777 over 1909,
and $596s.21 over 1908.
The Kamaili extension will add some
what to the passenger traffic during the
coming year, and the opening of the
Hakalau extension should more than
double the number of passengers here
! tofore carried.
Capital stock-New Issue.
The status of the capital stock of
the company at the beginning of the
year was:
Authorized issue $500
shares; par value. 81 $780, 900. 90
Issued 1926 common, par
value ............,...'. SS4,oZo ~
Issued s,242 preferred, par
value ................. lo4,o4U.OO
In treasury PA common,
par value .......... $3.50. %
In treasury 9,25s pre-
ferred, par value. ..... 1880 90
! During the year the Issue of 10000
} shares of par value of 81 100000 has
been authorized, and 81 ,645 shares of
, par value of $1,632,000 have been
+ issued.
e The present status Of the capital
. stock of the company Is;
r Authorized Issue.
> Common stock, 100000
, shares, par value, 49,. 81, 100000 90
: Preferred stock, 1880
shares, par value, .",, 100000, 90
> Total Authorized issue. .. 81, $50, 900 90
!
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