The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1912-02-16
HAWAIIAN RAISES
STOCK 100000
New Issue to Be Divided Pro
Rata Among Stockholders
Labor Supply Good.

Annual meetings were held yesterday
by the Hawaiian Agricultural, Kahuku
and onomea companies. Tho first named
plantation carried out the stock divi-
dend proposition as published some days
ago in The Advertiser, increasing stock
from $1;sO0,oOO to 100000 The is
sue is to be divided pro rata among the
the stockholders.
Labor and hands.
Manager Ogg's report contained the
following:
"Labor-During the past year we
have been fairly well supplied, and at
present it looks as though we sholld
be able to take OF the crop without
interfering to any great extent with the
cultivation and other work.
Government Lands--Seven hundred
acres of land formerly leased from the
government was withdrawn over year
ago for demonstrating purposes. This
land has all been cut up into small
tracts, but so far no homesteading has
been done and the fields are simply ly-
ing fallow.' gag 80
Treasurer George H. Robertson re-
ports, dividends during the year of
$336,000; balance to next year of $771, :
STATS, net profit on the 1911 crop of
$69l, s49.52, total assets of $2D44,o96.4s.
The only changes made in the Off.
GERS and directors were that ID. G. May
takes L. r. Robinson g place as auditor
and f. w. Macfarlane is succeeded as
director by R. A. Cooke.
Kahuku's Prospects.
Kahuku showed good prospects for
coming years, in the report of Manager
Adams. He estimated the crop at $500
tons, and reported in part as followsi
SAN early start was made in har.
vcsting and correspondingy early
start was made in shipping the sugar
to market The production Of the fields
harvested to date has in no instance
been less than the estimate.
''Crop of 1913-This crop is made up
of 27s.47 acres of plant, $40 acres OF
long ratoons and SS.43 acres of short
ratoons, total of 10000 acres. The
short ratoon acreage was still further
reduced for this crop than for the 1915
crops. These ratoons were taken nm
der cultivation early and, owing to the
open weather, have made good start
The planting was finished early and al
the cane had early applications of fer
tilizer. A shortage of labor has pre-
vented the best quality of cultivation
but the cane is looking well,
"Crop of 1914-Since only small
area of the 1919 crop first harvested
was brought on for short ratoons o.
the 1913 crop it was possible to max,
an unusually early start in blowing
preparatory to planting the 1914 CROP
This early opening up Of the soil shoul'
have good effect on the growth Of tn
plant cane. One of the drawbacks Il
this estate has been the limited are
available for cane. 1t is rarely posi-
BILE to let field lie fallow. The pres
ent year some of the best land, plow
ed early, will have had five or 81,
months exposure to the sun and air
2 It is proposed planting about one.hal
the plant cane area with the yellow
Caledonia variety.
'Improvements-N early $4,000 wa
expended during the year in perma
nent improvements. These includes
= Ihe hosPiodii uWellihB- houeo loi VI
of our skilled employees, two new boil
$ ers for pumping station, addition
, to the permanent railway and to tn
factory equipment, and several minc
Improvements. Other improvements AZ
contemplated for the present yea
!. among which are additional houses fo
semi-slilled employees.
, fThe report of Treasurer job
Waterhouse shows that in addition t
3 maintaining it's dividend during tn
. year, the company has reduced the del
i with the agents from 4s,6l1.O6 to $15
: 966.90. Dividends paid during the yea
!. amounted to 100000; profit on suga
5 etc, to $1o3,9Ss.45; net profit for l91,
/. $43,9SS.45.
= onomea over Estimate.