Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-03-01
KBRDEH|.Alsl.. 1. I
!. BAlER
PROhs242,ODlOl
Bio Note toxander & Bald
win Paid ABonds Taken
Uphl914

Path in size deTup and profts
realized, 1874 was| banner year 10 70
the McBryde SU q Company. LIN
The crop was 16, 5rlus. or SCI tons
per acre, setting { marks tor vs.
plantation. Profts phted 70 |14Zs
644. out Of which III isf2.So pFoln
issory note to Alex & bAlo" ' ~
dated January 2, Mas pal0 "
and outstanding BON zen up
President J. P Cod Hne Inc pre-
diction that unless the q 2 cnanss
IN conditions dividend Y. De pau
this year. -,
On the question Of ID ae. Wn iS;.
! suppose you are all Ftsl ~.
he said, Il don't know 4 re ma
you do. II is all up to |ecloIs.
I don't see hoy we caI Ayin IS
dividends this Wear. thd 'llesa
there is a complete chan ''r
ton"
MT. Cooke also said he b ~
message saying that 4q 9
sugar had been ground and y
70 the md Of February. On -
the crop will run 500 tons ||e
managers estimate. W
An item emphasized by Jof .4i'
house, treasurer. is the saw
made in the cost Of produetid Ia
has been steadily reduced and ID
cut still further for the 1915 a u
crops. The profit per ton for 4 n
crop was $15.46.
The financial operations OF til y
are thus summarized by Mr.. ~
house:
Reduction in capital stock:
accordance VITA resolution "
mously passed by the stOckhotdefI
November II, 1914, the par Valul
the common stock Of the company
reduced from $40 per share TO SIG
share. New certificates were isi
showing. this reduction in capital
December %, 1914.
@ln connection with the reduC
OF par value In capital stock, eni
were made On the McBryde Sugar
books wipfng out -sS38. 569.77 deb
Installation account, and changing
debit OF 1907, 405.S7 In profit and
acconnt TO a credit balance Of
Ts2.O2.
capltal IL s., 500, 900.
Sat the present the authorized I
| tai Is s3,So0.0 900, consisting Of i'll
shares Of common stock. par value
per, share, and $1,000 shares Of
! ferred stock Of the par valve Of ;.
PROFITS The profits for "a
amounted 10 $242644qi, Your q
tors were therefore able to pay tc
trustees Of your bond issue 1881
4 balance due on account OF 1914
! ing fund, all as called for by the
deed. An but So, 25yof this sin
fund has been used b. the truste
purchasing McBryde s. per cent be
the amount oHtstandiE ON DReaI
esI 1914. being 1885,, 800 par valuI
Il would also remind you that
prcmissory note for $142.972.96 d
January 2, 1914, from the McB
Sugar company to Alexander &
y H. A4AAIHI vas HuAO anu 4Cd1ACCllci
November II, 1914 in accordance
re1olptiQn passed by the stoekhol
{. en- said date. e
Preferred stock dividends ]
also been paid FOR the years 1913
1874
-on January 1st 1914, the com
owed the agents $o0, s54. 2s On
AIRY list. 1915. the company had
balance with the agents Of S10s, Is
This Is q larger balance than was
mated.
This large balance & partly dt
the fact that the amount expende
shown on the books for growing c
on December 81, 1914. was q !
deal less than the amount shown
growing crops on Decembef 81 IA
this notwithstanding the fact tia
comparative acreages and TIE est
ed crops were about the same.
following statement shows the /
ence In the amounts carried for
cn fha varfous cr0DS.