Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-02-26

has been installed the first low pres
sure turbine in the territory for pump
ing water. This has proved an eco
pomical plant both in erection and
operation and has increased the ca
pacity of No 10 station TO the extent
that il now stands second among our
pumping stations in quantity OF water
delivered
With regard to the other expendi-
lures, they are all small and the list
is almost self-explanatory
Projected Expenditures.
There is but one large amount for
permanent equipment for 1914. This
! will be for 90 crystallizers. and will
cost about $4,000. Arrangements have
already been entered into with the
Honolulu Iron Works Company to fur
nish the machinery, which will be
delivered after the grinding OF crop
for 1914 will have been completed,
land installed before the commence
iment of crop Of 1916 at the end Of
| the year.
"This is a move towards proper
equipment of the factory in the face
| of low sugar prices With the plant
ling on this plantation of canes Of va
rieties other than Lahaina. and their
lower sugar content, the present cool
er and tank system has been found
inefficient. With the addition of these
lcrystallizers, the Eva mill will have
| an equipment for handling its low
grade sugars second to none in these
| islands.
The Years Work.
AT the beginning of January, 1913.
the credit balance with the agents was
S295, 6e9.S4. At the end Of the present
| fiscal year this credit balance was
$472,S53.06, after paying dividends OF
| s per cent or 100000. The cash dis
lbursements for the year are as fol-
lows:
Operating expenses. $I,119, SS6.94;;'
permanent improvements. $44.710.5S;
income and conservation tax. etc. $685.
77O.5S, Total disbursements, $1,194,-
36S.10. This does not include the cost
of marketing our products.
The Outlook.
"As generally foreseen, the year
l19f3 has been one of low prices and
reduced profits. The signs of the times
point to their continuance. And what
| we may expect to rece. We for II
products for this year with its par
tial tariff reduction, or for the year
1916, when the duty on sugar viii be
entirely removed. NO one can now tell.
| Like all the other plantations in
the territory, the Eva plantation Is
practising the most rigid economy,
both in field and factory. Some sub
stantiaI results have been attained
during the past fiscal period. What
the cost Of operation will be during
the present year. am not prepared
to say Nevertheless, the business
will be run along the same general
lines Of economy and efficiency as in
last year with the modification neces.
sary in the field for planting and cul-
itivating the first crop that viii be
harvested under free sugar in 1916,
I'm all probability, it will be es-
sential on this estate to omit the poor
er portions of its fields from cultiya.
ltion this year and rest them. Brief.
| fy stated, this means that, after weigh
iHg the probabilities, the fields to be
cultivated must be those that may
reasonably be expected to be profita
Bile under a low sugar price in 1916
And. in this connection. 1t will be
necessary to take into consideration
those fixed or overhead charges of the
tplantation which will remain the same
whether areas be slightly curIaileI OF
Eotherwise
"A considerable reduction of expense
Twill probably be in the amount ol
fertilizer used The generous expen
!djtuTe for fertilizer in past years u
! good prices will be lessened In its
stead there will be a very careful ap
lplication of this necessary article Sc
that the quantity used may in all cases
be the most profitable. For it is self
evident that given large quantity Of
fertilizer could be profitabfy applied
on certain fields under high price
for sugar, which. under materially
lessened price, would prove the re
4 verse This lessened fertilizer appli
cation will tend to reduce yields, but
at the same time will give a larger
total profit and a less cost per ton d
sugar
These matters of cultivation have
been brought up because in the fielt
lie our graver problems. Problefni
that will have to be worked out If We
are to continue. and worked out il
such way that the changes viii no
be too ABRUPT for successful business
That it Is absolutely necessary II
our business life on this estate tt
lpractice the closest possible manage
ment. both in the larger sense of NOR,
defective organization and better exec
:. utive arrangement, as well as in thu
minor economics of every day. there
7 is no doubt But, on the whole. i
is my belief that the Eva plantation
can manage to keep on even undel
free sugar"
The following directors were elect
led: E. d. Tenney, president; G.. p
; Castle, vice-president; T. H. Petrfe
secretary; C. H. Atherton, treasurer
Directors: G. H. Cooks, w. L. Hop
per, J. J.. Garden Auditor, T. Richd
Robinson
!.