Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1912-09-14

! A. Albert WILCOX or Kauai ant
George Wilcox of Kauai.
Q. Who are they-are they inter
ested in sugar..
A. Yes, George Wilcox is Abe
grows sugar and sells it to the plan
tation.
@. How many shares has he got
A. | think the Wilcoxes own about
1000 shares.
Q. They are both interested il
sugar?
A. Albert used to be, don't think
he is now Then there Is s. w. Viii
cox, E. N. Walsh & Co. of San Fran
cisco, F. Sinclair, Mary E. Foster OF
Honolulu, Aubrey Robinson of Maka
we'll and Mrs. Beckley and Carrie S.
Godfrey of San Francisco. ..
Q. Now running through those
names-are any of them interested in
sugar here on the islands?
A. Yes, Aubrey Robinson is inter.
ested in sugar.
@. In what way?
A. He grows some sugar and he
leases a valuable piece of land to the
Makaweli Sugar Company on Kauai.
@. Now are there any others?
A. E. NJ Walsh & Company used
to be interested in sugar. He is liy-
ing in San Francisco-has been for a
number of years and 1 do not know
whether he has sold out-whether he
is interested in sugar or not. ]. M.
Dowsett owns some shares also. He
is interested in sugar by having an
interest In the Waianae plantation on
this island.
@. Is that all?
A. Yes. =. a.:
@. What property does the com
pany own in general? III. -.
A. We have II steamers-the float
ing property is about 45-is about So
per cent of our assets. that includes
our steamers and the landings.
@. You say landings? .-.... -. 7. I. !
A. The mornings at the different
landings.
@. What is, the rest of the prop
erty? e1zt -. =,
A. The rest Of the property-45
per cent consists of valuable property
on the city front-real estate. 1t is
waterfront property; also coal plant,
we have an up to date coaling plant
down there. We run the marine rail-
way-we have lease of 1t which ex-
pires this year. We own our own
building lots where the Office Is, we
own the property on Queen street
where our shops and warehouses are;
l think that is all the property.
o. How about property-real es-
toto IN fho ntIapr iElandR2 -. 80. Gz-Eg
A. Nothing. - =
O. You own nothing outside of
Oahu? II
A. No. -. =. :. :. Ell. =. =
8. Have you any docks, wharves
or landings on the other islands?
q. What dividends does the Com
pany pay?
A. This last year We paid 9 Ito
per cent.
Q. How has that been comparative
A. In 1907 we paid 9 per cent, in
1908 we paid per cent, In 1909 We
paid 8 40 per cent, in 1910 We paid
I $40 per cent, in 1911 we paid S>1-10
per cent.
20. In addition to that have you any:
Accumulated surplus?
a.. Yes. We are extending our
property for shipping and things OF
that kind, and we invest the surplus.
Z @. These investments, are they
over and above maintenance, repairs
and renewals
A. Yes. You see, in this company
they used to insure all the steamers
but for the last II years they have
not and the insurance fund has been
reinyested and brings them quite. q
revenue. IT., ~
q. And what kind of property is
that generally? " -
A. Bond and stocks and things of
that kind.
o. You invested your insurance &C
count in securities? 49,.
A. Yes in securities. -
@. Have you got any-do you carry
IN your books capital account show
ne the actual investments of money
n the property originally the time
he stock was sold or subsequently
through betterments and improve
nents? ..%..:.
A. Well, we keep record OF prop |
,rty that is bought and sold II
O.. How does, the capital account
compare with the outstanding stocks
ind bonds? / mean your capital &C
count on your books your actual IN
,estments-does that show the actual |
Ivestments-how does that compare |
With the actual securities?
A. think the securities are much |
more valuable than the capital &C
cunt. ~
@. Do you know how the stock was
issued? -
, A. The company originally was
'wned by T. R. Foster, partnership
and the. Inter-Island
team Navigation Company was form
d and took it over. They sold more
took as they built more steamers
t was only a very small thing when
t began and as more steamers were
uilt they had to issue more stock
ntn the capital stock was $500, 900,
Ii paid in. T.
@. Were there any bonds?