The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1918-03-15
M'DRyDE EARNINGS
IN! 1877 sl6G.7,718
Officers Are Reelected and Re.
wv ports Are Submitted At a.
Z w Annual Meeting

!, Net earnings Of the McBryde Sugar
Company for the year ending DeceIh.
Der 81, 1917, amounted to 1907 1895,
according to reports presented TO share
holders yesterday mt the annual meet
ing of the, company. The officers and
directors Of the company were reflect
ed mt the meeting, which was held in
the offices Of Alexander and Baldwin.
The officers are: President, J. p. Cooke;
hrst vice president. II. G. Dillingham;;
second vice president, H. NJ, Won Holt;
treasurer, J. Waterhouse; secretary,
John 8ut d; auditor. d. B. Murdoch;
manager, +. A. Alexander; directorate,
u p. Cooke, II. NJ. Won Holt. R. w. II.
Purvisj H. @, Dillingham;; c. r. Hem
enway, Fred Harrison and ]. Water.
house. Alexander aha Baldwin are
agents Of the company.
,Treasure's Report
According to the treamrer's report
the net receipts for suyar for the wear
were $l,087,2l7.32 which with sundry
earnings bring the total receipts n
$2,009,481,36! Expenditures in the year
'otaied $l,34l .743.l0. One Of the
items Of expenditure is income q. tax,
amounting to $l6,7l7.24. ,.y-'E &c."
! Included in the company 3 assets are
Permanent improvements, A, 1913 946.05;
growing crops. $SlS.S23. %; supplies
$27B.764 90; Investments, $397, 400. sS:
Tauai Electric Company stock, $26L
800. 80
\ The company has outstanding stock
valued ut 50, 249, CO.. Of which $2,649,
l6G4 Is common stock and 100000 IL
'preferred stock Outstanding bonds
amount to 1888, 600.
Crop Is Heavy
In the report Of the manager u IL
stated, that the 1917 crop was heavy
and ran over estimate, making 1865
tons. 1t is explained that the com
pany's transportation facilities were
taxed due to the fact that outside
planters increased their planted areas
The company began grinding with
the 1913 crop December II and up I'd
the middle of February had manufae
tured $500 tons of sugar It is report
ed that the fields thus far harvested
have fallen below estimate in cane and
sugar and the years output may fall
below 10000 tons.
|. FIVE hundred acres or cane planteC
for the 1919 crop is free of insect pests
and is growing rapidly. 1t is planned
% plant $50 acres in 1918 for the 1926
crop.
During the summer of 1917 all de
partments of the mill and boiling house
received, complete overhauling anf
chief installations conferred in the boil
ing house where new equipment wa'
added.
Effects Of Bonus
On the subject of bonuses the man
ayers report says that though thu
bonus paid was high, it. resulted il
fewer meT lehtiRg the plantation thar
in the preceding Year and less time wa
lost by laborers, Leaders for 1918, the
report says, are not equal to last year 7
gangs, though the company has more
cane under, irTigating contracts anC
good gangs of cutters.
Unusually favorable weather, the re
port says prevailed through the year
as the rains were well distributed an,
were accompanied by no severe storms
and the reservoirs were well filed saw
for a short time in the fall.
With the other reports was one sub
mitted by Superintendent A. Menefog
lilo of the Kauai Electric Company o.
the physical condition of the electri
company's property.