Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-02-29
Purchases of Stock Durin!
Year at Total Cost Of Mole
Than $95,000 IL

II VI J.
Honckaa Sugar Company and ytle
Pacific Sugar Mill, by the pnrchak #
49, 900 shares of stock In the EAwd
ian Irrigation Company. Ltd. III prize
totaling more than $4,000, nov ON
practically all the shares in the latef-
Incorporation. according to reports pre-;
scented to Honokaa and Pacific SugaI
shareholders at their annual msetne
this morning.
The annual report OF. F. A. SchAeers
president of Honokaa, follows, n part:
Crop Of 1915.
This crop, which was estimated by
the manager to produce 10000 tonsof
sugar, was a great disappointment, be
|outrun being S.612.625 tons only. IT
undoubtedly suffered from unpree-
denied rains of 1914 while the jufe
was poor, 1t taking on an average 925
tons Of Gene to produce ton of NJ
gar. in spite OF greatly improved mill
work.
crop Of 1916.
"This crop will be harvested from
24S4 acres. which Is estimated to pso-
duce 1000 tons of sugar.
"As much of this crop is to be har<
vested from high-level lands, I beg to
auo.e iloll iass seal az. 49,.
IN the manager repor.eu .nss sp s,.s
upper dieias were neaIiy uIowneu ou os
In IacI tney naruIy mace 9 n .e.s.ss
curing tne PAST Iour months, anu ~ W =.
TINS conultlon recovery vas ssiy s ~,
crop lsl1. ....,. $50
This crop consists pr z2sS acres:
At the time OF Writing TINS crop y
boxing remarkably vel, although the
stand is thin IN patches. GiYen COCA Goa
growing weather this year anq aps
plying the principle OF forcing the sec-
ond season growth Of me cane, Wnlcn
has given sucn exceiient results on
ether plantations, trust that the
1917 crop will be wei above the aver
age produced.
Expenses.
The cost OF producing lon q
sugar was considerably reduced. VIZ.
from $65.136 to ss4.25S, these figures
not including bond interest, etc, Wnile
the net profit on me crop-oyer anu
above all charges was Sioi,e9s'9S'
which includes charge OF $li,izu.41,
sinking fund on the bonds, wnicn Is
payable to the trustees during TINS
year.
Hawaiian Irrigation Company, Ito.
During the year ne directors, on
the authorization OF the stocKnolders,
purchased foursseventns interest IN
$4,000 shares or the Hawaiian lrrlga-
ton Company. Limited, Tor the sum OF
$Sl.47S2S, paying LOT the same u
cash.
This purchase gives 70 TINS Company
and its peigh6or, Pacific sugar MIL,
practically all Of the shares 81 the
Hawaiian Irrigation company, Ltd.'
and is expected to prove very idvan'
tageous.
President Schaefers report, as pres
tdent OF the Paclfic sugar MILL Is 10
part as follows:
Crop Of 1915.
Ins crop was esEimateo % pro
duce 1908 tons OF sugar; tne outrun'
however only amounted 10 zoo TONS
being 4O2 tons short OF the manager
estimate. 1t undoubtedly suffered
from the unprecedented rams OF lyl4
the juice being poor, II taxing 81
tons OF cane to manufacture g ton Q,
sugar IN spite OF grealiy improved
min Work.
Crop OF 1915.
This crop VIII be harvested from
1905 acres, which IS estimated 10 pro
duee 5s4O tons OF sugar the upper
lands to be harvested TINS year re
ceived a very bad setback during the
first Few months OF their gTowtn, on
account OF the continuous Wet, colo
yeather:
crap 1917.