Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-03-07
KILAUEA SUGAR
Meeting HELD IN
SAN FRANCISCO
Alameda and Union Also in
Session in Bay City-G. [.
Payne Succeeds Irwin
tBy Latest Mail


SAN FRANCISCO At the an
Eual meeting of the stockholders and
the subsequent meeting OF the direc-
tors of the Kilauea Sugar Plantation
Company, the following directorate
and officers were elected: A. b.
Spreckels, president: John ID. SprecR-
els, yice-president; W. =. K Gibson,
treasurer; w. H. Thompson, secre
tary, and John ID. SprecKeis, Jr. The
het proceeds from 5,4241a tons of SUI
gar at S5753 per ton was 1872. 124.77.
Assessments Nos. s and produced
s290,000, and other income brought
the total receipts of the year 1913 TO
s512, ,943.59. The total expenses OF
the year. plus betterments, were $685.
671.25, and plantation supplies and ad-
vances bring the tetal expended dur
ing 1913 to s399,01232. The remain
der, $113,931.2 81, was applied to the re-
duction of the overdraft An over
draft Of only Sf05. 5.701.44 remained on
December 81, 1913, after this pay
meIit
Secretary Thomas has prepared the
following table to show precisely how
the new tariff has affected the sugar
industry in dollars and cents:
Duty Qoreignl Present tariff, per
1b., 1.6S5c::, per ton. $50, TO-. tar;ff. Mar.
1, 1914, per Ib.,s1.256c; per ton $2512.
1 .004c;; per ton, s20.09. Reduction
per h., .429c; per ton sS.5S.
Duty eCuban) Present tariff, per
lb., 4.34Se; per ton, S26.96 Tariff.
Mar. 1, 1914. per ID, 1.004c; per ton,
S2009. Reduction, per lb. .345e; per
ton s6.S6.
ALAMEDA SUGAR COMPANY.
At the annual meeting of the stock
holders of the Alameda Sugar Com
pany yesterday the following directors
were elected: Charles Sutro, E. r.
Lilienthal, Henry Rosenfeld, Charles
H. Crocker, p. c.. Drescher. joseph L..
Schmitt and George LowenDerg. The
directors will organize today. Among
the old directors not reelected We're
Jehn l.. Howard, deceased; j. w. At.
k;nson and Joseph Hyman.
No financial statement was issued.
hut it is understood that the company
has a considerable floating debt which
will be discharged from the proceeds.
OF another assessment soon to be
levied on the stock. 1t has been de-
csded not to operate the Alyarado
plant and all the lands are under
lease. Itsis said that the proceeds of
these leases viii take care of the $780,
900 annual charges and leave profit
for the stock
UNION SUGAR COMPANY.
The annual meeting of the Union
Sugar Company took place yesterday,
at which the following directors were
elected: P. C. Drescher. E. r. Lilien-
thai, Charles Sutro. ]. K. Moffitt,
Charles IL. 'Crocker, A. Haas, L. Har-
ris. The directors elected P. G..
Drescher president, E. r, Lilienthal
1st viee-president and Charles Sutro
I'd vice-president
1t was decided to continue to oper.
ate the plant Of the company for an
other year, until it can be determined
how operations will result under the
present price Of sugar.
PAYNE SUCCEEDS IRWIN.
At the annual stockholders, meet.
ing of the Honolulu Plantation Com.
pany. held yesterday. George L. Payne
was elected to fill the vacancy in the
directorate created by the death OF
William G. Irwin The officers for
the ensuing year are as follows: J. A.
Buck, president; Nicholas Ohlandt,
yice-president; w. ] Matson, secre.
tary; Crocker National Bank, treas
urer, and James Glib, manager. The
directors elected for the ensuing year
are as follows: j. A. Buck, NJ Ehr-
man, George L. Payne, J. L. Roster,
C. F. Leege, William Matson and n.
Ohlandt.
No financial statement was made
public.
SAN F'RANClSC0.-The directors of
the Alameda Sugar Company has or
ganized by electing the following Off
GERS: Charles Sutro. president; p c.
Drescher, first vice-president; e. r.
Lilienthal, second president