Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-02-27

time, however. lave we been compeh-
ed TO overcome difficulties so great as
those that nowconfront us. and that
will surely foRw the complete re-
moyal OF the dty on sugar in May.
1916, IL the pre- to be obtained for
our product. aer that date, is to be
that OF raw cSe sugar, duty free,
produced in fohign countries nearer
to our marketsfhan we are. and in.
direct compefitin with us.
AT present only remedy for that
condition seem9o lie in what we may.
accomplish BY pr own efforts to re-
duce the cost I production, by In
creasing the yild In the fields. In
tons OF cane ami in the quality of the
Icane. by the abadonment Of unprofit-
able nelds, by qe use OF labor-saving
machinery, BY Ne more effective use
of water. labor and equipment. by
stopping ABSOLUTELY the expenditure of
money IN development, by keeping the
costs of repair and maintenance
down to the amnnt barely necessary
to prevent the dttrnction of our prop
ertyi in short HE largest possible
crops at the. loest possible cost.
IN studying te cost of production
of the crop Of lh3, with reference to
finding ways Of kcoRomizing. it is in
teresting to notefhe proportion Of the
cost of certain lems to the whole
cost Labor, all apartments, 49, per
cent; materials, 1872 per cent. Fixed
charges: Rent Id taxes Al uer cent,
containers g.. Or cent. depreciation
60 per cent, maketing expense 1873
per cent; 81 peIcent Total, 100 per
cent
of the total est of production, In
cluding marketik expense. the last
four items, whi4 are 80 per cent of
the total cost, a. fixed charges, and
not subject toeontrol in amount,
prices or economical use by the man
ager.
Material, with includes the cost
of water, fuel OF lumber, tools, fire.
wood and all oter material for use
and repairs of equipment. 29.2 of
the total cost ofbroduction, is part
of the expense (which the quantity
used, kand the nthod of use. can be-
controlled. but II the price paid for
such materials, kcept to very linz
tied extent.
Labor, which Includes wages paid
to all employesl388 per cent, and
which It may Denoted here, amounts
to q little more Van twice as much as
the marketing e4ense Of our product.
is 4 part of the iost of production in
which the econdlical use is an inn
portant factor iIpur success or fall
.ure at all timessand especially so in
a time of low plies.
t4The most simprtant result to be
obtained. under tese circumstances,
is to do everything tossible to increase
the yield of sugarper acre to that
point where the ralrns will exceed
the cost Of prDd1tion and fixed
charges. To do thisit will be neces-
Isary to reduce t1eafeas cultivated
for crops to be harykted after 1916.
1T is to be hopel also that costs
that are not now llder our control |
may be materially rduced.
THE Waialua planStion has much
in its favor in its coIfol of land and |
water. and 1t Is thoroughly equipped. |
On Jan. 1, 1913. We "a to
our credit with sgeis. $685.. 275 SO
On January /, 1914. w5had
a credit of -. -. $50, 561 .82 |
During the year We have
bought out of currer re-
ceipts and credit bal
ance:-
Containers for the crd of
1914 t..... :. z6,244.48 |
Paid into sinking fund IN
der terms of deedsof
trust 7s,s14.s2
Extra boilers and eqp-
ment for locomotives 3,406.82l
Wahiawa Water Co., u /,
stock 38,44l.25i
Stock in land companies 51,460.0O
We have expended
bitches, reservoirs a
other permanent improE
ments sS.9O6.11
Dividends, 8 per cent
capital -. 135,OOO.OOl
Interest on bonds ..... 42,173.71I
We have cash on hand IL 14,458.74l
Sugar of the crop of 1911
shipped and on hand -. 69,011.75
The total net profit for TIL
year was R12.s7744
During the year the Trusl
tees for the bondholderS
purchased and retired
bonds of the par value of SIS 100000
Leaving balance of bonds