The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1912-04-03

NiO, IeU\lllE a UdldlNt bil manu- VI !
S257.337.9g. The report of the presi-
dent is in partNas follows:
cash on hand Dec. 81, 1910 s 96,I3S.27 |
Receipts during 1911 from
1925 tons of sugar .... 565,413.O7 !
Receipts from other
sources, including sales of
ranch livestock, interest,
etc. Observation-Disclosures. 9,56S.O9
lOJal ,.....-........ 9Oil,flJ'fo
Expenses for year 1911... $276,116.93
Betterments for year &C.,. 7,96451
Available balance ..... S3S7337.99
Dividends paid during 1911 13O,O0O.OOI
Net balance Dec. 81, 1911 57,33799
l would call to your attention the
very small expenses for the year 1911
as shown above, i. e., some $276,OOO,
or an average of only $4,000 per
month
would call your attention to the
net profits on 1911 crop Of $17S,549.S3,
this figure including write off for de-
probation of $31, 3O4.21, or, excluding
depreciation, it would show a profit
for the year of $2O9,S54O4.
Our managers estimate for the 1911
crop was $500 tons to be harvested
from some 1886 acres of cane. Our
net tonnage of sugar for the year 1911
was 1925 tons, as above, and was har-
vested from 1912 acres of cane, over
running the estimate by S25 tons OF
sugar. Some 722 acres of cane intend
ed for the 1911 crop were not har-
vested, and have been carried forward
land will come off during the year
, 1912
/ You will see from the above that
E each acre Of cane averaged 3S9 tons
, of sugar, which is a very fine showing
q when it is remembered that the cane
: harvested for the 1911 crop was prac-
= tically grown in a drought, as scarcely
2 anv rain fell, affecting the crop under
review, until after the middle of the
year 1910.
, The average net price received for
our 1911 sugar was Stills per ton
which is very satisfactory indeed, and
t is approximately $40 per ton higher
L than the average net price received
e by a plantation, which held its annua
d meeting a very short time ago.
The lowest net price we received
: during the year 1911 was $56.6S pei
:: ton. on February IA, 1911, on New
n York basis of $.O342 per pound; ant
y the highest price was $1O5.S6 per ton
on November 8, 1911, on New Yort
basis of S.O576 per pound; or a whole
average for the crop of S771S, whlci
e IS the best average net price the plan
S tation has received for sugar TO
= many wears past and which was occa
y 1ioned by the fact that most OF GU
d sugar was marketed late in the yea
d 1911. at prices ranging from S.O445 II
le SO596 per pound of sugar New YorI
Is basis.
There will be harvested during tn
vesr 1912 the following cane:
472.3l acres plant cane.
1.346.S6 acres long rattoons
28949 acres short rattoons.
70 Total, 2,1OS,66 acres.
~ Our manager has estimated Dot
tons Of sugar from the above acreag
believe, however, that the manage
- g very conservative in his figures al
- that the tonnage of sugar will exce'
~ $500 tons, as above stated.
"a Tin to the date of this report very
flo cane has been ground, as 1t WI
nc necessary to shut down the mill /
- annual repairs during most OF Janua
- and during part of February FRO
IT, now on, however, with sufhclehI RAJ
-, for fuming purposes, good prosre
IA will be made on the crop
'iO have TO advise you that the hou
a. Of representatives at Washington
W G.. on January 10, 1912, passed a
ALLOWING the COHSll uCIAOh ~
ice cation ditch over government IAN
'ar and the use of government water
en' connection Herewith, and the Dill
'os now before the United States seha
ooo end have every reason to Dehe
lew that the senate will pass the DILL
lall that it VIII receive the signature
il the president of the United States
de- Arrangements have been MADE
A the corporation controlling the Il
the ditch affairs for an early start on c
Is struction work.
ION In conclusion, wish to congra'u II
gov the stockholders on the eXceii
of financial condition of the conlpa
ual carving over on December 81 II
up some s257,OOO or $4,000 more u
My will be required to pay the entire
Mr.. idends at the present rate for the J
,ble 1912 without using any of the pre-
Sos from the 1912 crop