Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-04-19
PROSPERITY IS
Shown IN HAWN.
COM'L'S REPORT
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the past two months. We can reason
ably exiect the full return Of the in
vestmcnt in less than one crop
The total losses for the season
amounted to ll.GS per cent. which was
a fairly good showing considering the
fact that the mills wcr" taxed to their
utmost capacity during the greater
Tart OF the grinding season.
1T is fortunate that we are usually
able 10 finish harvesting by the middle
of June Otherwise. here at Puunene
where We have a dry climate and high
Winds the loss OF sugar in the fields
would OvprshadOw any slight manu-
featuring loss that We incur by crowd.
ing the mills"
Various pump improvements and
ditch extensions are described by the
manager, although, on account Of the
fine climatic conditions In 1914 already
referred to, the pumps were not called
upon TO do as much pumping as for the
previous two years. In order TO sup
ply our labOrers with lure water for
domestic PURPOSES" 1t is stated, we
which all the drinking water will be
filtered 4 complete new piping sYs.
tenn will be installed TO take the wa
ter from the filters to the various
camps This work is being done I'M
der the general supervision OF the ter.
ritOrial board of health
in addition to the two shredders be.
fore mentioned. two new boilers and
two $50 XIV. turbine-driven generators
will be installed this year The gen.
orators will supply the factory with
sufficient power for motor drives al
ready installed. motors for the new
shredderS and motors TO take the place
of the old Scotch engine, which has
been in service for "a years and now
drives the crystallizers, vacuum
pumps, sugar elevators, dryers, etc.
Preparing for Free Sugar.
with free sugar" the report de-
clares in this connection, 1T will be
impossible to set aside any money for
improvements. 1t has therefore been
decided to spend no less than $4,000
for this purpose in 1915, for there are
several improvements that are abso-
lutely necessary in order that we may
be better prepared to meet future con-
ditions"
Besides the factory improvements
mentioned and the domestic water sup
ply, the report states that new store
will be built at Kahului, that there
will be large amount of ditch work
to carry on, that it will be necessary
to purchase about $4,000 worth OF
horses and mules and to build new
quarters for the laborers. II is men
toned that the company is sufficient
ly we'll off for labor to carry on all
branches of the work.
A feeling tribute ID paid to the loyal
ty of the late A. ]. Mcleod, head luna
of the Kihei division, who died of tu-
berculosis on December last, and in
conclusion the manager states that "it,
is pleasure to say that the loyalty
TO the company of the responsible men.
ofethe various departments played no.
small part in the results obtained" !
Coming Crops. ~.~ ...'1 II .. II
Up TO date of the report, February
IL, 1915, 1900 acres of cane for the
1915 crop had been harvested, yield
ing IT'S tons OF sugar an acre or a
total of 20,S20 tons. There being 3671
acres then still to be harvested, the
manager felt it safe to estimate the
crop at $4,000 tons of sugar. For the
1916 crop planting was finished on
July 80 and hilling-up on October II,
on which the manager comments:
with this unusually good start and
with a good combination OF fields, that
are under excellent cultivation, our
1916 crop should be our banner crop
II weather conditions are favorahle
during the coming summer" The 1916
acreage is 6626.6 acres, being 2152.S Of
plant and 4473.S of RATION cane.
Financial.
Following are figures from the treas
urer's account, exhibiting the financial
success of the company last year:
Profit on sugar and sundry earn
ings, $1,347, 36S.23; dividends paid, ST.
100000; balance forward, $107, 36S.23.
Adding this profit and loss balance to
that standing at the beginning of the
year, and S2422.50 as enhanced value
of livestock, the balance on December
81 was brought up to $610, S93.54.
In the balance sheet presented by
Emil Tschumi, secretary, assets are
placeu dI SIl,1oV'i'o'Io' SohSiSIIhS VI
permanent improvements at $6,516,.
1864, growing crops at $1,7SS, 04S.24.
investments at $1,766.125.50, and mis-
cellaneous at 1883, 205.99. Liabilities
to balance the assets comprise 100000
600 capital stock, s7S4,000 5 per cent
bonds, s6l0, S93.54 profit and loss bal
ance, and the remainder Maui railroad
and steamer, plantation payroll, I'M
paid drafts and suspense account obi. |
cations.