The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1912-04-26
" TANNING ISLAND,
LIMITED" FORMED
IN GREAT BRITAIN

flaming Island, Limited, with a
capital of two hundred Thousand pounds,
or approximately million dollars, is
being advertised extensively in the
newspapers of London. The corpora
ton has already been formed, and its
directorate includes members of the
nobility, as the advertisement sets forth
with due prominence.
The objects of the corporation are to
develop the cocoanut and phosphate
islands in the Pacific Ocean known as
Tanning Island and Washington Is.
land. y
That the board of directors of the
corporation formed in London to make
Tanning Island, Limited, produce big
dividends, is a high class board is
shown by the following list
Directors-Sir Robert Gresley, Bart,
! chairman Alberta Land Company, Linn
ited); Adolph Brewster Brewster, late
governor commissioner, Colony of
| Fiji; Sir Thomas H. G. Troubridge,
Bart, director East Indian Coal Com
ipany, Limited); Charles Newhouse Arm
strong (vice-president Central Railway,
Frederic Percy Armstrong, joint man
ing directors.
Bankers - PARIS Bank, Limited, 4,
Bartholomew lane, London, &c, and
Branches.
The following are some of the state
ments in the prospectus:
"Fanning Island has an area of
5000 acres, of which 5000 acres are ex-
cellent for cocoanuts, and of the bal
ance the portion consisting of salt
marsh can be reclaimed at moderate
expenditure. The soil is mostly coral
sand About 500 acres have been
planted with cocoanuts ESQ trees per
acre), of which 800 acres are bearing.
On $500 acres eocoanut palms are
growing freely, the trees numbering as
many as 500 to the acre in some places.
Washington Island has an area of
$500 acres, of which 200 acres are oc-
cupied by planted cocoanut trees in
bearing, and 1900 acres are covered
with dense cocoanut bush. The soil is
richer in vegetable matter than that Of
Tanning Island There is a clear
fresh.water lake, 500 acres in area,
and 200 acres of peat bog five feet
in depth. Phosphate deposits exist on
both islands, covering a total area of
about 1000 acres.
Title.
"The islands are freehold, and are
held under titles from the British
Crown. There are no taxes, duties or
charges of any description. Both isl
ands are under the jurisdiction of the
High Commissioner for the Western
Pacific resident at Suva, FIJI.
Fanning's Importance.
"Being situated at the cross roads
of the Pacific Ocean, flaming Island
lis destined to become port of great
commercial and strategical Importance,
more particularly when the Panama
Canal is opened to traffic in 1913. 1t
supplies the closing link in the chain
of an AllBritish route from Great
Britain to New Zealand and Australia,
via Canada. In English harbor the
company will possess most valuable
asset, as this is the only British har-
J Dor within a radius of about 1900 miles
suitable for the supply of coal, oil,
and water, and the carrying out of re-
pairs. The harbor is a natural one,
and in its existing state can be uti-
lized in all weathers by vessels up to
25 feet draught. There is also safe
anchorage in smooth water for larger
ships. At moderate expenditure, the
J harbor itself can be extended SO as to
accommodate and provide additional
! facilities for a feet of the largest YES.
} sells afoat. Should it be found desir
able to undertake this extension, fur.
Their capital will be issued for the pur,
pose.
Promotion Stuff.
GAN ample supply of cheap native
labor for the company's requirements