The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1911-01-27
FINE SHOWING OF
BANK OF HAWAII
Annual Meeting and Statement
Mr.. Lewis, vioe-Presldent
and Manager.
LION rhursaas.s AdvertIssr.l

from Thursdays Advertiser.l
The ANIMAL meeting Of the stock
holders of the Bank ofHawaii, Limited,
was held in the Offices Of the bank
yesterday aud statement Of the con.
ditiOn Of the bank was submitted by
F. B. Damon, cashier, and H. H. Walk.
er, auditor, backed by F. G. Anterior,
F. w. Macfarlane and E. D. Tenney,
directors.
The statement shows that the bank
has assets; loans, discounts and over.
drafts amounting TO $3,l06, 5S9 .6s; of
bonds, $722, 217.47; letters Of credit,
4 $266,706.33; cash and due from banks,
81 $780, 9S.87; bank premises and fix.
lures valued at $108,50O, and other as
sets total, $10,6S3.35; a grand total of
81, 604 ,s45.7O.
The liabilities include, paid-up capt.
tai, 100000; surplus and profits, $780,
100.76; pension fund, $34,724s6; de-
posits, $4,l52, 6s5,sS letters of credit
outstanding, $685., s9O.10; dividends I'M
called for, $14l6, and other liabilities,
$2S.15; a balance to the assets.
The only change made in the list
of officers for the bank at the election
was in the person of A. Lewis Jr., who
becomes viee-president and manager.
The full list of officers is as follows:
G. H. Cooke, president; E. d. Ten.
ney, viee-president; A. Lewis Jr., vice.
president and manager; f. B. Damon,
cashier; g. G. Fuller, assistant cashier;
r. McCorriston, assistant cashier; f. C.
A tharfnn I
d. Tenney, A. Lewis Jr., f. F. Bishop,
F. w. Macfarlane, J. A. McCandless,
c. II. Anterior, Geo. R. Carter, R. A.
Cooke, F. B. Damon, F. C. Atherton,
directors.
The Presidents Statement.
Following is the statement present
ed to the shareholders by President @.
n. Cooke, which gives some particu.
lars of the remarkable growth of the
institution:
To the Stockholders of the Bank of
Hawaii, Limited, Honolulu, T. H.
Gentlemen:-The year just closed
marks the 18th anniversary in the his.
tory of your institution, and the man
agement begs to present herewith the
annual statement for the year ending
December 81, 1910.
1t may be of interest to the stock
holders in order to show the growth
of the bank for the past five years,
to cite comparative figures as follows:
Deposits
1905 1910 Gain
$2,214,91242 $4,152,es5.sS 1897 1884
Oar loans have increased from
81 ,6Ss, 1884 81, JOG, 539.6s 81, 467 ,944.24
Cash and due from banks was
S us, $3.50 81 300, 1857 s 670,3s33s
Exchange purchased
$7,346, 639.34 $11 ,272, 1857. so $3,926,12s.35
The number of loans negotiated in
comparison were:
1905 1910
793 1850
During the past year we have lost
from among our valued friends and
stockholders, Mr.. Tom May, whose
death occurred ON May % at Bourne
mouth, England. Mr.. May was one
of the incorpOrators of this institution,
and as one of the members of the first
board of directors was a great help
in getting the affairs of the bank work
ing smoothly. He was up to the last
interested in all matters pertaining to
the Bank of Hawaii, Limited, and we
shall miss his friendly counsel and ad-
vice in many ways.
The year just past has been one of
prosperity to this community. The
sugar crop brought good prices, and
the plantations have been able to put
large amounts into circulation in the
way of dividends, all of which has
tended to the increase of the bank 8
business.
The pineapple industry has also made
rapid strides, and seems to have built
itself on a sure foundation. This in
'dustry is already attracting attention
of mainland investors, and Hawaii may
yet realize the cherished ideal of a
profitable diversified agriculture.
Respectfully submitted,
i c. H. COOKE,
F., President.