Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-03-08
In Business Crcles---News and Review


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tpublfc park-a devise CT the will OF
the late Archibald Scott Cleghorn, ia
Their OF the princess. Ii remains for
the house TO pass the bill.
Charles G. Bockus and William p
Roth of Honolulu have secured OPP
tons on 10, 900 acres of sugar lands
in the Philippines. Mr.. Roth remains
in that country to attend to the mat
ter, Mr.. Bockus having returned to
watch the course of events in Wash
ington, as the future development of
the Philippines is believed to depend
OH continued American occupation
and control.
Local stockholders of the Honolulu
Consolidated Oil Company have re-
ceived the gratifying intelligence
that the claims of the California
@scrippers" to 400 OF the company's
holdings of oil territory have been
.disallowed in Washington.
.McBryde Sugar Company had a
Icrop of 1881 tons and 1875 pounds
of sugar for 1912, and Manager F. A.
Alexander estimates $4,000 tons
for this year. There is an area of
I295.14 acres for the crop of 1914, of
which 985.1S acres are plant cane,
1S15.16 acres ration cane and 5000
acres homestead cane. J. WateThouse;
tree snrer, refers in his report to the
refunding last year of $2,000,000 six
per cent bonds at ) per cent, and
slows that the deLt on the agents hi
been reduced from $79S,252.57' On De-
cember 81, I91e, to SI52,251.99 on De
cember 81. 1912, Assets are placed
at sc, To-, 55s.63, of which s413,13SS7
Is credited to- profit and loss account.
Capital stock amounts 20 '$3,919,-
Al 30, of which the common stock
is So, $4,000 less $139,57S.31 treasury
stock, making $3.319,42169 net, and
seed,00 preferred stock Earnings
for 1872 were 1854, 255.9S, of which
S930,513fS was from sugar. Deduct
ing S91l ,646.l7 cost of crop and the
net earnings for the year amount to
o42. 669.81. Out of this came $4,000
.diy;den or preferred stock, which left
S609.S1 to be carried forward to profit
aad loss account.
An insurance department to super
wise and regulate the activities Of in
surance companies in Hawaii is adyo-
waited by d. Lloyd Conkling, treasurer
of the territory, in report to the
legislature At present the depart
ment is merely clerical adjunct to
The treasury. The total insurance
Written has increased from $36.500,-
900 In 1903 to 96,000,0D0 in 1911, and
premiums paid have increased from
$500, 09G in 1903 to $1,450,000 in 1911.
Department collections of fees have
increased from $1,000 in 1903 to
$4,000 in 1911.
Members OF the legislature are said
to favor the proposal of visiting Hilo
in body, SO as to get in close touch
with the interests and needs of the
second city of the territory and the
Island of Hawaii in general,
Kahuku Pineapple Company is a
new corporation whose papers have
just been filed. It's capital is $4,000
with privilege of Increase to $4,000
900, and the officers are E. d. Tenney,,
president; Thomas H. Petrie. secre-
tary; Charles H. Atherton, treasurer;
w. w. Goodale and j. r. CAT, adj
ditional directors.
Olaa Plantation on Hawaii is re-
ported to be in excellent physical con-
dition. with the exception of a crop
of $4,000 tons of sugar this year. Just
now the plantation lacks water for
fluming cane to the mill, but the
weather could not be better for grow
ing. Never before have the fields
been SO uniformly good in growth of
cane
The new loan bill introduced in the ]
legislature, provides for an additional
issue of bonds to the amount of ST.
62S,000, which will increase the bond
ed Indebtedness of the territory to
S9,500.000.
The resignation of ]. N. s. Williams
from the SUPPLEMENTARY of the Ka-
hului Railroad Company is announced
During long incumbency of the po-
sition Mr. Williams has conducted
many improvements in and about Ka-
hului and seen through the extension
of the line to Haiku, opening up
large area of land for demonstrating,