Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-09-15
Surplus Earnings for Year Are
S303,711.73 After Paying
$3.50, 600 Dividends

Reports by President b. F. Dilling.
ham and General Manager George p.
| Denison to the stockholders of the
Oahu Ra1rway ana Land Company and
presented at the annual meeting this
afternoon tell a story of excellent
progress for the year ending June 80,
last While passenger receipts show
small decrease, freight revenues
show an increase and the net earn
ings of the department increased $685.
641.95 over the previous year. s@.s
Gross earnings for the year were
$1,5S6, 1925 and total operating ex-
penses were $685. ,539. 90. Net earn
iings were $753,T11.73 and dividends
amounting to $4,000 were paid, leav-
ing surplus of 5000, 711.73 as shown
by the presidents report. ~. r..
The presidents report besides deal.
ing with the earnings, tells of the in
creasing of the directorate from seven
to nine, W. w. Chamberlain and A.
w. T. Bottomley becoming members.
Continuing, it says in part: s'....
During the year ending June 30,
1916, there has been expended in this
department for capital account, as
shown by Table No. 8, SOS, 292.16. -.
The net earnings of this depart
ment show an increase of $32,64195.
Statistics on passenger traffic are
to be found I'm Table No. 8. The pas
senger revenues show a decrease of
S1814.35 from the previous year. 1t is
believed that the competition by pas
senger automobile has about reached
its limit. -...-- -.s.... IT,.
Notwithstanding that the eompeti-
ton of the motor trucks in handling
freight over the public highway has
been considerable, the freight earn
ings have increased over the earnings
of last year by $50 ,203.28.
Land Department E
Table No. gives the details of re-
ceipts and expenses of this depart
ment. The net profit is $166,873. OF,
or an increase of $20,76SSS The net
profits a year ago were considered
very satisfactory. This increase is
due to the higher sugar prices. which
bear directly upon the percentage rem
tails paid to this company for its cane
lands, and to the leasing for pineapple
cultivation of additional areas of land
heretofore used by the ranch depart
ment. 49,. ~.
Ranch Department ~.
The net profit of this department is
shown in Table No. 6 to be $21 ,203.12.
which is an Improvement over last
year, and this in spite of the fact that
our ranches are being crowded into
narrow limits by the development Of
agricultural lands.
Report of the General Manager
Honolulu, T. H., Aug II, 1916.
Mr.. B. F. Dillingham;, President. Oahu
Railway and Land Company, HO-
nolulu, T. H.
Dear Sir: i beg to submit herewith
report of the physical condition of
the company's railway department for
the fiscal year ending June 30, 1916.
All of the rolling stock has had the
repairs necessary to T. maintain the
standard and the following additions
have been made.
One passenger locomotive designed
for use on the Wahiawa branch.
One freight locomotive and one
yard locomotive. =r.z.- -.
These engines were purchased from
the American Locomotive Company.
The eompany's shops have built 100
box, flat and gondola cars, so of 90
ton capacity and 40 of lotion capac-
ity.. =. 81. - i. r..a
The rebuilding of the older passen-
Der cars has also been carried along.