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

time, however. have been compell-
ed to overcome diffis so great IS
those that now cont US. and that
will surely follow ttomplete re-
moral Of the duty dhgar In May.
1916, IL the price to obtained foft
our product, after tluafe. is TO be
that OF raw cane Sd duty free,
produced in foreign 1tries nearer
to our markets than ARE. and in |
direct competition VII
At present the only edy for that |
condition seems TO lie hat we may
accomplish by our ow|forts to re-
duee the cost Of prod |on. by in
creasing the yield In fields. i'm
tons OF cane and in thNality Of the
cane, by the abandonm 81 unprofit-
able fields, by the use Iabor-saving
machinery, by the NOR |fective use
of water. labor and Nbment. by
stopping absolutely the renditure Of
money in development Keeping the
costs of repairs and maintenance
down to the amount ba@ necessary
to prevent the destruction our prop
erty; in short, the lat possible
crops at the lowest pose cost.
I'm studying the cost production
of the crop of 1913. witt 0ference to
finding ways OF economi It is in
teresting to note the prOl|ion of the
cost of certain items tie whole
cost Labor. all departing 50 s per
cent; materials. %. 2 per bt. Fixed
charges: Rent and taxes per cent.
containers 81 per cent breciation
60 per cent. marketing stnse IS IS
per cent; 80 per cent II, 100 per
cent
"Of the total cost of prc.etion, i'm
GLIDING marketing expena the last
four items, which are 50 cent OF
the total cost, are fixed cIges, and
rot subject to control amount
price, or economical use bi|he man
ager.
Material, which incIudeiIhe cost
of water, fuel oil, lumber. Nls, fire.
wood and all other materi for us.
and repairs of the equipmeI 29.2 Of
the total cost of production q par
of the expense in which the &uantits
used. and the method of US can b
controlled, but not the price5a 70
such materials. except to Try linn
tied extent.
Labor, which includes was pai
to all employees. 1873 per ce an
which it may be noted here, mount
to little more than twice as Iuch q
the marketing expense Of our foduc
is part Of the cost Of probation
which the economical use is i IN
portant factor in our success 1f fai
ure at all times, and especially so
a time OF low prices
The most important result to
obtained, under these circumstance
is to do everything possible toinerea
the yield of sugar per acre to Ii
point where the returns will exec
the cost OF production and fix
charges. To do this II viii be nect
sary to reduce the areas cultitat
for crops to be harvested after 1916
It is to be hoped also that COZ
that are not now under our contf
may be materially reduced.
@The Waialua plantation has ma
in its favor in its control of land a
water. and it is thoroughly equippe
On Jan. 1. 1913, we had to
our credit with agents. 1865. 275.
On january i. 1914. we had
credit of .....t..z. Dot, DOL
During the year we have
bought out of current re-
ceipts and credit ball
ance:
Containers for the crop Of
PAID i'd into sinking fund un- &
der terms of deed Of
Extra boilers and equip
ment for locomotives -. 3.406.
Wahiawa Water Co.. Ltd,
stock $1,000. 3S,44l
Stock in land companies. 51,460.
We have expended on
bitches, reservoirs and
other permanent improve
ments 1900. ss.9OS.
Dividends. 8 per cent on
capital 1876. 900.
interest on bonds ... 42,173
We have cash on hand 49,. 14.45S
Sugar of the crop Of 1914,
shipped and on hand 49,. ss.O11,
The total net profit for the
year was 1900. 212.s77
During the year the Trus-
tees for the bondholders
purchased and retired
bonds of the par value of $4,000
Leaving a balance Of bonds