Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-03-02
Total of $500, 300, Par Value,
Bought Up in 1915; Outlook
is Good for This Year

holders of the McBryde Sugar Com
pany, Ltd, at their annual meeting to-
| day. Not only has the manager made
detailed report, but the treasurer OF
the corporation has also done likewise.
The report of F. A. Alexander, man
ager. follows, In part:
"The 1916 crop has not tasseled as
profusely as the 1915 crop, hence We
expect many of the 1916 fields to gain
in weight during the spring Of 1915.
"Up to time of writing this report
the 1915 crop is In good condition and
| very little cane has been lost from
windstorm breakage.
I'VE expect $1,000 tons of sugar
from the 1916 crop. ...-..
"The 1917 crop area is short as We
have dropped Field A, trenched
land, which is being cleared for 1918
crop. We are spreading some OF the
Hawaiian seedlings, though we are
| not sure of their ultimate value.
Crop 1918.
1--WE plan to plant between 800 and
| 900 acres In 1916 for the 1918 crop.
The main planting will be In West
Laval, East Laval and Koloa, and
from present indications we will plant
more 1135 ID. than of any other va
| riety. Several mauka fields depend
| ent on mountain water will be planted
Ito Yellow Caledonia.
Our purity and sucrose for 1915
averaged lower than during 1914.
which Is partly explained by the early
maturing Of the crop due to dry, warm
winter and spring.
Harvesting Prolonged.
| The harvesting was also prolonged,
/ because we stopped to install the Scar
by shredder and we're not able to run
full capacity with the trial motor and
! belts.
| "Our 1874 D cane gave good results
j In the factory. One field of % acres
i yielded 1913 tons of cane and 500
ttons of sugar.
'The 1915 harvesting was started
January 8, and for the first week all
departments ran smoothly. With the
shedder we were averaging over 81
per cent extraction.
! Since that time the shredder motor
broke down and we have replaced the
/ old carriers, obtaining "a per cent ex-
/ traction. We hope to soon set up
i turbine engine to drive our shredder.
j Permanent improvements.
i During 1916 the following perma.
lnent improvements were added: One
Searby shredder with 200-h. p. direct
1 connected motor, one Turbo genera
i tor for use with Searby shredder; So.
900 has already been paid on account
/ Of above, leaving $1,000 yet to pay.
i One new Porcupine boiler on the way
and paid for except freight, six mill
/ rolls grooved with Messchaert groov-
| ing, two Howe juice scales, two crvs-
/ taliizers, four settling tanks, six SIX
foot eyaporator belts, three Magma
4 pumps, one six-foot vacuum pan, one
chine, one wood planning machine for
carpenter shop. one mortising ma
chine for carpenter shop.
Rolling Stock.
Twelve new cane cars, material
i for 13 new cane cars more, one loco
i motive on the way and paid for ex-
cept freight. one gasoline track car
on the way and paid for except
freight, one automobile Overland
roadster), one Federal truck
Contemplated improvements.
+ Clearing land and reservoir capa-
i city enlargement will be our main
1876 Improvement accounts.
I'VE anticipate very little new work
in the mill
General repairs - Our railroad
tracks, steam plow boilers, pipe sy
phones and laborerS' quarters will re-
4 0riro eoy,a oiatlay In 1915
Forestry.
!! During 1915 the following trees
n we're planted: West Laval, 5000 al.
4 geroba trees; West Laval, 1850 euca-
|Ilyptus trees; East Laval, $500 euca-
lyptus trees; Wahiawa, 1000 algeroba
i trees: Wahiawa, so ironwood trees,
lIbaking total of 1890 trees.
n This fall tree trimming resulted
al In q large supply Of firewood. We
note that all our mature and newly
Il set out trees are making a fine
II growth.
Bonus to Laborers.
II During 1915 our skilled labor re-.
ceived a bonus based on the net
profits The 20 per cent bonus paid
to the unskilled laborers amounted to
quite figure, but has resulted in our
! j retaining all our men,"
\ ]. Warehouse, treasurer of the COM
pany. reported in part as follows:
Profits.
II The net profit for 1915 amounted
to 1853, i6S47. OF this amount $4,000
was paid out as preferred stock diyi-
dends Tor the wear 1915, and $165, 604
was paid out in common stock
dividends. Deducting this $207,604,
amount paid out in preferred and COM
mon stock dividends, leaves $780,
164.47 as surplus on the crop. OF this
amount $4,000 was paid to the trus-
tee as sinking fund, in accordance
with the terms of the trust deed of
cent bond issue.
In addition to this sum, $50, 900
4 IL H.,