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


at No. 10 pump station. where there
has been Installed the first low pres
sure turbine in the territory for pump
ing water. This has proved an eco
nomical plant both In erection and
loperation and has increased the ca
pacfty of No. 10 station to the extent
that ii 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 Tor
permanent equipment for 1914 This
will be for 26 crystallizers, and will
cost about $45. 600 Arrangements have
already been entered into with the
Honolulu Iron Works Company to fur
nish the machinery, which win be
delivered after the grinding OF crop
for 1914 will have been completed.
and installed before the commence
lment Of crop of 1915 at the end OF
| the year.
This is a move towards proper
equipment OF the factory in the face
Iof low sugar prices. With the plant.
ling On this plantation of canes cf WI
lrieties other than IaiIaina. and their
Hover sugar content, the present cool
Ter 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.
.sAt the beginning Of January, 1918,
| the credit balance with the agents was
| $295, 6o9S4 At the end of the present
fiscal year this credit balance was
ls472,S53.06. after paying dividends Of
s per cent or 100000. The cash dis
bursements for the year are as fol-
lows:
Cooperating expenses. $I,119, 1856. a.;
permanent improvements, $44.7l0.58;
Income and conservation tax. etc., $685.
l77O.5S. Total disbursements, $1,194.-
36810. This does not include the cost
of marketing our products.
The Outlook.
| "As generally foreseen, the year
1913 has been one Of low prices and
reduced profits. The signs Of the times
point to their continuance. And what
we may expect to receive for II
products for this year with its par
tial tariff reduction. or for the year
1915. when the duty on sugar win be
lentirely removed, no one can now tell.
Like all the other plantations in
| the territory, the Eva plantation Is
lpractising the most rigid economy,
lboth in field and factory. Some sub
stantial results have been attained
Iduring the past fiscal period What
the cost Of operation will be during
1.-THE present year. I am not prepared
/ to say Nevertheless, the business
will be run along the same general
Hines Of economy and efficiency as In
Hast year with the modification neces.
sary In the field for planting and cul-
iitivating the first crop that will be
harvested under free sugar In 1915.
/ In all probability, 1t will be es-
sential on this estate to omit the poor
Ter portions of its fields from cultiva-
ltion this year and rest them. Brief.
lily stated, this means that, after weigh
ing the probabilities, the fields to be
LeultiYated must be those that may
reasonably be expected to be prOfita-
lble under a low sugar price in 1916.
And, in this connection, It will be
necessary to take into consideration
those fixed or overhead charges of the
plantation which will remain the same
whether areas be slightly curtailel or
iotherwise.
/ "A considerable reduction Of expense
will probably be in the amount OF
fertilizer nsed The generous expen-
djluTe for fertilizer IN past years u
good prices will be fessened. In its
stead mere will be a very careful ap-
lplication of this necessary article SO
that the quantity used may in all cases
be the most profitable. For 1t is self
evident that given large quantity OF
fertilizer could be probably applied
Lon certain fields under a high price
q Tor sugar. which, under a materially
lessened price, would prove the re
verse This lessened Fertilizer appfi
cation will tend to reduce yiefds, but
!: at the same time win give larger
, total profit and less cost per ton Of
sugar
These matters Of cultivation have
been brought up because in the field
lie our grarer problems. Problems
that will have to be worked out if we
are to continue, and worked out In
such way that the changes viii moi
be too abrupt for successful. business
That it is absolutely necessary Il
our business life on this estate tc
practice the closest possible manage
ment, both in the larger sense of more
effective organization and better exec
: Iutiye arrangement, as well as in the
minor economics of every day, there
.. is 10 doubt. But, on the whole. Il
is my belief that the Eva plantation
can manage to keep on even undel
free sugar"
The following directors were elect
ed: E. D. Tenney. president; c. p
, Castle, yice-president; T. H. Petrie
secretary; G. H. Anterior. treasurer
Directors: c. H. Cooke. W. L. Hop
iper. j.. J Garden. AUDITOR, T. Riehd
Robinson.