The Hawaiian gazette., 1915-08-03
Dividends Increase Also Regard
less Of Losses Incurred At
@as kahuku Station
BUSINESS WITH ORIENT
TO WIFE o0T DEFICIT
When Australasia Is Opened Up
z Pacific Field Promises In
mense Returns =

In spite Of the considerable disor.
ganization and consequent losses in.
hicted on the Mareoni Wireless Tele.
graph Company by the war, and the
operation Of the million
dollar plant at Kahulu, the report of
the Marconi International Marine Com
mnnication Company, the British par
ent company, for the year ended Dc,
cember Sly 1914, shows increased pros-
its and continued progress for the sys
tenn as atwhole. ~ - q
Now that communication has been
established with Japan and soon will
be with Australasia, the Raauku planr,
which purposely was built on scale
far IN excess Of the needs of trade
with the Coast, and is known to have
been running behind something like
$4,000 q month, is expected to maze a
much more favorable showing.
The report fort the last fiscal year which
was issued last month in London and
has just reached Honolulu, shows thai
the parent company made net pront
Of $276,S40, after deducting $4,000
for debenture interest and depreciation.
Net profits for the year previous were
slS5, 40, an increase Tor 1914 Of
So, l95. r.. 80 e.
Gross, Revenue Nearly Million
The gross revenue was $s7j,lO5, as
compared with 1871 $50 for the year
previous, a gain Of $l43,525.
The number Of telegraph stations
owned and worked by the company as
public telegraph stations; on the high
seas increased from TSS at the end Or
1913 to 905 at thefend Of 1914. During
the current year further progress is he.
ing made, the number of steamers fttel
to June 10 having increased 70 H71. p,
| 1t is further pointed iouf that there
are now over 1000 ships exclusive or
ships Of war; fitted with Marconi teie-
graph stations, and for the most part
worked under the direction Of the com.
pany and it's associated companies.
The amount to the credit of profit and
loss account on December 81 was 1884,.
275, including the sum Of SSO,s35, car
ried forward, from the preceding year.
IA final dividend for the year 1914 OF
Ave per cent is recommended which,
with the interim dividend Of Eve per
cent, paid on February j last, win
make ten per cent for the yeaI, the
Total amounting to $l5S,Q40. ~ T.
The company has sustaiped some loss
in consequences Of the attacks upon lis
mercantile feet by submarines, for
which 1t is contemplated compensation
win be received. However, $50 ,000---a
sum far in excess OF all losses to date
has been in the meantime placed to
the credit of "a special reserve account,
and having regard to the prevailing cir
cumstances and the desiFability of n
strong financial position being held,
with ample cash resources to provide
for the continuous Increase OF tele-
graph installations on board ships, the
sum of $103,735 is carried forward az.
ter allocating the sum of $4,000 to
the repayment of debenture account.
The report concludes with the state
ment that the option held by the Span
ish and General Wireless Trust on
1916 unissued shares of the company
for two years from June 81 1919, has
not been exercised.
Dividends Began In 1910
1t is interesting to recall that the
company commenced to pay dividenis
in 1910 when the rate declared was
Ave per cent. A net profit was Inst
earned in 1909, since when progress
has been steady and substantial, as the
following figures show: 1909, $500 net
lproft earned; 1910, $4,000; 49,,
$4,000; 1919, $l22, 900; 1918, $1S5,0Op;
1914, $278,5Q0.