Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-02-20
MAUI COMPANY
DISTRIBUTOROF
LARGE PROFITS
Partnership Company Affairs
Told at Meeting of Paia
and Haiku Co.

Condition and affairs Of the Maui
Agricultural Company are set forth
in report Of that company which Is
made part of the reports Of the
seven partner companies that control
IT, chief of which are Paia Plantation
and Haiku Sugar Company. meetings
OF which were held yesterday.
As its. share OF the profits OF the
Maui Agricultural Company Paia
Plantation received 1S-35ths OF the
profits. which amounted to $721. 59T.14.
The plantation also received a re-
fund from the H. p. Baldwin estate
amounting to $2375. It paid dividends
Of 30 per cent on its capitalization,
such dividends amounting to $4,000,
general expenses OF $255.S6 and has
balance of $37162S.
haiku Sugar Company received
12-35ths Of the Maui Agricultural Com
pany profits or s4S1, 064.76 and a re-
fund from the Baldwin estate Of S.
$50. General expenses were $249.69,
dividends at the rate OF 80 per cent,
$4S0.000, and has q balance OF $6445.-
OF.
Maui Agricultural. Company ae-
counts show a profit for the year Of
s., coz, 2765l. IL distributed among
the partner companies s1,403, 1855
and showed balance Of $500, 170.9 6.
In the year assets have increased
50, 659.53.
Manager H. A. Baldwin Of the Maui
Agricultural Company in his report
says that the 1916 crop was some
what better than the estimate at the
beginning Of the season although 5000
tons less than the 1915 crop Inc
estimate was $4,000 tons and the out
put was 34,011. Because OF tremend-
Gus rains early In the year there was
considerable growth In the spring but
the juices were poor It took $50
tons OF cane to make one ton OF sugar
as. against SIS aha. prsEioua year.
The average yield was 7.56 tons Of
cane per acre as against g.e3 tons the
previous year.
The 1917 crop. he says. Is to be har.
vested from 1897 acres and h osti.
mated to reach 36,500. Cutting MS
commenced on December 8 md %
January 30. had been Disappointing
on 975 acres. A cold spring has made
the cane short and unless growth b
attained before tasseling prospects
for reaching the estimate are not
good.
The 1918 crop WIN be from 5035
acres. Planting was not fInished until
October IL and the last planted Fields
are backward.
Results in the factory were excel
lent. There was changed over one
coll vacuum pan to q caIandria pan
md there were added -four crystal
izers, four large mud presses and four
steel molasses tanks to replace ieak1
ctsterns Capacity Of the sugar ware.
house was enlarged to hold 5000 tons
more. A new general warehouse vas
built. Sixty pound rails were SUD-
stituted for IS pound ones. A Btst
tractor was purchased. The cement
plant is expected to be completed IN
May.
During the year about 100000 nnrs-
cry plants were set out. A good deal
OF replanting had TO be done because
ICE January. 1916, storms killed many
Of the paintings.
At the annual meeting Yesterday
Of the stockholders OF the Haiku
Sugar Company and Paia plantation
the following officers were elected:
H. A. Baldwin. presidents J. P. Cooke.
first vice-president; +. G. Atherton.
second vice-president: John Water
house, treasurer, and John Guild,
secretary