The Hawaiian gazette., 1911-06-02
TANJoNo oLoK REroRTB.

/ HNN - WNfhN NMN ANINAAN Va NANNNANA
Frank q. Wallace, District Surgeon An
drew Grant, the waterhouse company
aud Treasurer Fred I. P. waterhOuso
win DO received. A board Of directors
viii be elected The books OF tho com.
pany closed on Wednesday and viii DO
opened again on Tuesday next. Tho
report of Manager Wallace is in part
as follows:
Tapping was started in July, OK
actly one year before the time We orig.
inRlly expected to start. We started
in July with 1900 trees, and in October
brought in another 220s trees, making a
total of s7Os trees tapped during the
year, from which we obtained 1925
pounds of rubber.
"The tapping, taking it all through,
has been very good indeed, especially
when we take into consideration the
fact that all of our tapping coolies
were absolutely green hands"
Manager Wallace then goes on to
state the condition of the trees in the
various blocks, or sections, of the plant
alton, most of which are doing remark
ably well, but others are disappoint.
ment. Wedding the plantation has cost
29,S95.73, or $443.26 less than in 1909.
The health conditions ON the plantation
are excellent, and new hospital has
been built.
The report by the Waterhouse com.
pany is in part as follows:
"The output for the first quarter of
1911 was IT'S pounds of dry rubber.
AS the manager has made no estimate
in his report, we will supply the follow.
} ing as conservative estimate:
Second quarter, from 1000 pounds
to 2O50 pounds; third quarter, from
1912 pounds to 5000 pouhdsi fourth
quarter, from lilo pounds to 10000
pounds, Total, from 1880 pounds to
1s,76S pounds.
"During the past year the growth
of the older trees has been remarkably
good. In the center of the peninsula,
however, the trees do not seem to do
well, owing TO the soil being shallow
and poorer. This land might be i'm.
proved by digging a larger drain, and
we have asked the manager TO make
survey, ascertaining the fall between
the lowest land and the river The best
soil on the Tanjong olok Peninsula is
unquestionably along the river banks
and gets poorer and shallower as one
approaches the center.
The managers estimate of expenses
for the year has been exceeded by the
sum of $s971.42, the estimate, including
Merenti Sundei, being $34,299, and the
actual expenses $43,270.42. This was
due to a number of causes: Labor, for
one thing, is higher than il was year
or two ago, the importing of Chinese,
for instance, being a little over $50
per head instead of from $25 to $35
in 1908. During 1908 we also paid
Jayanese 81 and $50 per month, while
today we are paying them $40 per
month. Most of the work is task work,
the labOrers being paid so much per
tree for wedding, according to the loca.
tion. =
Another cause of exceeding the esti.
mate was the necessity of building a
new hospital, which cost us $1522.62,
while hospital expenses have exceeded
the estimate by $32332. The estimate
for salaries, cultivation, tools, etc., was
$1O,620. This item has been exceeded
by $6s76.9S.
lut tbJluldI6 IOT lSUo was 30Z ,SS4,
while the actual expenses were $34,.
: 013.9S. The 1909 estimate was $41 100,
} and the actual expenses $4,000. 25.
While there is certain satisfaction in
keeping within estimates, yet we feel
that had we kept within his estimate
during the past year the plantation
would have suffered from following
such course. 1t HAS, however, made
it necessary for the company to, raise
more funds to complete the develop
ment, and as favorable terms can not
be made through issuing bonds or bor-
rowing money, the directors have called
an extraordinary general meeting of
the company for the purpose of con.
sidering resolution to increase the
capital stock of the company.
"While there are some reasons
against the increasing Of the capital,
it will put the company in a position
to be on diyidend-paying basis, with.
, out any indebtedness to provide for,
fully year sooner than it would other
! wise.
. owe are at the present time getting
enough rubber from the area that is in
bearing to pay for the up,keep of this
area and make profit besides, SO that
If funds are provided for taking care
Of the unproducing area, we would
: have an available cash profit at tho
end of this year.
"Now as to what we are doing and
. have done to date:
son December 81, 1910, we were
tapping approximately 1000 trees which
is equivalent to tapping every tree on
an area of thirty-fve acres planted 200
trees per acre, and by July of 1911 we
will be tapping at least 10000 trees.
l "The total amount received from the
sale of the 1925 pounds of rubber was
$lS45 United States gold plus 500, or
, &l454, the $l09 being amount received,
when the rubber was sold in February,
in excess of the inventoried value of
, December 81, 1910. The cost of tap
D ping, collecting. factory and shipping
charges was $497. The amount produced
in 1910 being small, returns have been
credited to the 'Sundry Receipts ac-
count. On January l, 1911, we opened
, profit and loss and 1911 crop ae-
count.