The Pacific commercial advertiser., 1910-12-30

Junction aboIt half way TO Pahoa. the
remainder Of the line being owned by
the Puma Sugar Company; the two
companies having mutual rights of op-
GRAFTON over, and jointly bearing the
expense of upkeep of the whole line
The original line was built chiefly for
cane and light freight transportation.
of 35-lb. rails. The heavy traffic incl
dent to the Pahoa Lumber Mil, and
the great increase in the amount of
cane passing over the line made if ex-
pedient to change the rails to 60 lbs.
and to practically reconstruct the en-
tire line. This has been done at the
expense of the railroad company. under
an agreement with the Puma Sugar
Company, by the terms of which the
two companies share the expense of up
keep and have mutual rights Of use of
the track on the Pahoa branch
Kamaili Extension.
There are considerable bodies of fer
tile land extending southwest from Ka-
poho for a distance of approximately
eight miles to Kamaii.
Messrs. Cant & Bolte have establish
ed q lumber mill at Kauelea1. during
the year, on the line of this extension
approximately seven miles from Ka-
poho.
The Puma Sugar Company owns
railroad grade extending approximately
five and a half miles of railroad toward
this point and tracks on a portion
thereof
A trackage agreement has been en-
tered into with the Puma Sugar Com
pany, under which the railroad com
panv has secured the right to operate
over the plantation railroad on ap-
proximatelv the same terms as over the
Pahoa branch. For the present 35-lb.
rails are being used. Heavier weight
will be substituted when the traffic
warrants it.
This extension Of approximately
seven miles, will be completed by Sep
tember first next. when the regular
Kauelead.
Cant & 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
trails having been heretofore the only
means of transportation. A further
extension of a 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 viii speedily come into cultiva
tion and that it viii become valuable
feeder to the general system.
Additional Rolling Stock.
During the year the company has
purchased one additional locomotive
and fifty 40-ton fiat 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-
tion 1924 ,1S7.5S
Revenue from trackage
rights. royalties and other
sonrcps observation-disclosures. 14,404.S4
Total receipts railroad prop
er .....-......-.- DO o,''-'f-
Net receipts from store and
shop earnings, and sources
other than railroad trans
portation ................ i2'Zo'''o
Total receipts .........-' 'f-oo 'oo-'A'
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 ..........S2o3, ,So2.lo
Operating ex-
nenses $12S,757.66
Fixed charges
rent and bonded
interest . Ga, 4,S0S00
Interest on float
ing debt and
other eXpendl-
lures ...... 14,s63,33
POS, ,42919
Net earnings .........$ -, ,452.99
Less extraordinary eXpendi-
- lures not chargeable as
capital expenditures and
not being recurring oper-
ating expenses ........... 4O,072.s7