The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-02-25
EVA PLANTATION
Shows BIG GAINS
stockholders At Annual Meeting
Adopt Resolution Providing
For Redemption Fund
Report of Manager Renton
Shows That Property Is In
Good Condition

AZ tie annnaI meetin" Of the share
holders Of Eva Plantation Compan,
held yesterday the old board of di. &c
tors was elected and the stockholdcr,
adopted resolution which provide.
under the bylaws for the establish
ing Of a redemption fund for the stock
AZ the expiration Of the eompapv =
charter IN 1910. To accomplish this
end u viii be necessary 10 put asid.,
epCnt $ls0,o00 year for the twenty.
four years. The other objects for
which this fund and the interest earn.
81 on II viii be put are for equalizing
iaylpepds, repairing maintaining Or
pftendipR the works or property of tho
company and for meeting bonded in
dfhledners.
The report of Manager George n.
fenton shows that the plantation il
N splendid condition and that the re-
cent rains have raised the level of
the nrtesian water supply to thirty feet
above sea level. This Is only one foot
and a half below the original level.
Company Pays Wen
Among other interesting matters con
iained in The report is the fact that
the 1915 crop was below the estimate
Wy ~ per cent and less than the 1914
,-ield. The estimate for the present
crop Is $4,000 tons but with fayorab bic
weather the estimate probably will be
exceeded. During the past year tho
company raid eighteen per cent on
f5,c00.n00 capital out of a net profit
Of $l,0l3,630. In 1914 the company
rail twelve per cent, with net profit
pf $780,, 697. ~ III
At the end of 1915 there was a bal.
ence carried forward Of 81 ,424, $40. and
ash on hand and in bank totaled
<B9l ,204. - ..;
I, The 1915 crop was taken from 4l77.-
~ heres, Of which some was plant,
rome sixth rattoons and some volunteer
care. IL took $40 tons of cane to
make a ton of sugar last year and
thir il attributed to large quantity of
Yellow Caledonia and Demerara 1855
tape grown which proved in Eva to
We low in suerose and purity. This IS
thought TO have been on account Of
The quality Of the soil on which these
sanes have not proven as successful as
the Hawaiian Seeding of many varie. |
ties which II is thought will be great
~ hyperion TO the others and may ap-l
troyiBiate the Yields per acre obtained |
from fhe Bahaina cane before il was
4 ttacked by the SO called "Lahaina
Layge Area Under Cane
IN the present crop there will be
f2p6.20 acres harvested and on the !
cane 30 far cut the weight has averag,
al a great deal higher than wgs esti,
IrnfIf Ill
81 TO the end Of January the sugar ran
s549 tons while the estimate was but
.'2c9. IL is figured from this that thu
whole crop for the present year should
eyefrpn the estimate.
Up to February 3 of this year and
last year sugar was manufactured res.
reetively to the amounts Of 5479 and
C423 tons. The bad weather of the
past few months has greatly hampered
The work of getting the cane harvested
rud TO the min but during the past
few DAYS with the fine weather the
mills have handled 1869 tons of cane
> day with an extraction of 98 SIS and
i Is the intention to push the manu-
faeture as much as possible TO make
up for lost time. improvements in the
factory installed during last year will
7Dhniit VI tue udnullnR OIL zeal more
material with the same effici ncy.
The irrigating pumps have been shut
Town for months and the rains have
been doing the work which as rule
{ costs much money to do. Since the
plantation was started there have been
but two similar seasons of rain these
icing In JJ04-5 and 1867. Since 1907
he rainfall has been greatly below
FORMAL. As a result of the late great
lownpour the water in the artesian
Feils has risen to thirty feet above
ea level and this is but one foot and
IL inches below the level found when
he plantation began pumping in 1890.
.abororB share Profit
Pesides the handsome dividends paid
o the Shareholders, the laborers of the
state we're not forgotten in the profit
herring scheme and $57 ,S9725 was dis.
ribnted among them during the year.
The officers are as follows. Presi-
lent, II. d. Tenney; vice-president, C.
!. Cooke; secretary T. II. Petrie;
treasurer, @. II. Anterior; directors,
Castle, j. s. McCandless, J. D. Me 1
nefny; auditor, T. Richard Robinson;
panager, George +. Renton.