Newspaper Page Text
THE GARDEN ISLAND. TUESDAY. FEB. 27, 1912.
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To be Incorporated under the laws of the Territory of Hawaii.
rtj 1 i
PURPOSE OF ORGANIZATION.
This Company is to be organized for the purpose of con
structing and operating a central sugar mill, railroad &c. in the
District of North San Carlos, Philippine -Islands, where con
tracts have been secured with the principal planters, who are at
present grinding their cane with primitive three-roller mills.
By the terms of the contracts, which run for thirty years from
1914, the Mill Company is to receive 40ee of all the sugar pro
duced in payment for hauling cane, manufacturing sugar and
providing containers for same.
LOCATION OF PLANTATIONS.
San Carlos lies on the Northeastern coast of the island of
Negros, which island produces approximately 40 of all the
sugar raised in the Philippines. It is isolated from the rest of
th: island by mountain chains and forms a little community by
itself, a factor which contributes to the favorable labor condi
tions that it enjoys. It produces cane of an excellent quality.
It is favored with a natural harbor, safe at all seasons, near
which the mill is to be located.
PRODUCTION OF SUGAR.
The planters signing the contracts produced sufficient cane
during the 1910-11 season to yield about 7,500 tons of sugar,
with'inodern methods. They have already increased their areas
in cane, and will continue to do so until all is under cultivation.
The yield for 1913-14 should be 12,000 tons of sugar, the min
imum required under the terms of the contract being approx
imately 9,500 tons. As the planters will realize more from
their 60 of 96 sugar turned out by the mill than they at pre
sent receive from the sale of all their low grade sugar, and be
saved from the milling expense as well, those not already par
ties to the contract will be eager to sign, as some of them have
already signified, and the Mill should have no difficulty in se
curing sufficient cane to turn out the 12,000 tons, its initial ca
pacity. Ultimately it is planned to include the entire district
which will produce cane sufficient for a 20,000 ton crop.
CAPITAL REQUIRED.
MILL AND BUILDING: To fulfill the requirements of the
Company's contracts, it will be necessary to erect a mill
having a daily capacity of 600 tons of cane, with provisions
made to increase to 1,000 tons. This, erected at San
Carlos, will cost about $400,000.00
RAILROAD, 10 miles of permanent track 70,000.00
ROLLING STOCK, 3 17 ton locomotives, 300 cane
cars 45,000.00
WAREHOUSES AND BUILDINGS 30,000.00
WHARF 20,000.00
ADVANCES TO PLANTERS
SUNDRY IMPROVEMENTS
BOND INTEREST, interest (v 6 on bonds issued
MANAGEMENT, SUPERVISION OF CON
STRUCTION, LEGAL AND MISCEL
LANEOUS EXPENSE
OPERATING EXPENSES, for first season
30,000.00
It, 000,00
24,000.00
25,000.00
100,000.00
The above funds will be secured by issuing
capital stock for
and bonds for the same amount
$755,000.00
$400,000.00
4oo,qoo.oo
$800,000.00
ESTIMATED PROFITS.
Taking as a basis a 12,000 ton crop and sugar (a $3.75 the
profits for the first, or 1913-14 crop, are estimated as follows:
RECEIPTS.
Proceeds sale of 4.800 tons sugar (being 40 of 12,000
tons) (a $3.75 $360,000.00
Less marketing expenses at $10.00 per ton (Coastwise
shipping laws do not apply, hence low rates) 48,000.00
Net Receipts $312,000.0
Railway freight earnings
Profit on ice
Profit on operating store
Commissions on marketing
planters sugar
)
It is safe to assume that
these items collectively will
) amount to considerable but, as
there is no satisfactory basis
) on which to make an estimate,
no allowance for them is made.
EXPENDITURES.
Expense of railroading, manufacturing, supplying contain
ers for and shipping 12,000 tons of sugar:
Per ton sugar
Railroading cane
Mill Expense-repairs
etc., and manufacture
Containers
Shipping
$2.20 $26,400.00
3.35 40.200.00
1.80 21,600.00
.65 7,800.00
$8.00 $96,000.00
General Expenses and Fixed Charges:
Bond interest, 6 on $4000,000.00 $24,000.00
Sundry Repairs (not including repairs to
mill or railway, which are included
in cost per ton of sugar 5,000.00
Depreciation ' 20,000.00
Insurance, not including marine ins. 1,575.00
Taxes 2,000.00
Management 7,500.00
Miscellaneous 4,925.000 65,000.00
BALANCE, being profit on 1913 14 crop ( 39,fc on capital)
151,000.00,
$312,000.00 '
Note: George Ross, in his estimates takes 10,000 ton as
a basis, and making his calculations bv a nuthod different from
that above arrives at an estimated profit of 31 for the first crop
OFFICIALS AND DIRECTORS!
The direction of the Company's affairs will be vested in the
following gentlemen, who have consented to accept the offices
designated, upon the organization of the Company, and to serve
until after the Company has harvested its first crop.
OFFICERS
Geo. H. Fairchild, President
J. P. Cooke, Vice-President
M. P. Robinson, Treasurer
Alfred D. Cooper, Secretary.
BOARD OF DIRECTORS
J. P. Cooke
Geo H. Fairchild
R. I vers
W. Pfotenhauer
M. P. Robinson
F. M. Swanzy
E. D. Tennev
Alfred D. Cooper
STOCK OFFERED FOR SUB
SCRIPTION. The capital stock, $400,000 00, is divided into 40,000 shares
of $10.00 each, and the balance of the stock not vet taken, is
now offered for subscription. The shares will be" sold at par,
10 of the purchase price, that is $1000 per share, to be paid
on call, and the balance probably at a rate not exceeding 10
per month. Any amount of stock, from 5 shares up may be
subscribed for all on exactly the same conditions.
EXAMINATION AND REPORT.
After the Preliminay examination and negotiations had
been concluded, Mr. George Ross was commissioned to make a
report of the entire subject. After an examination conducted
on the ground, Mr. Ross filed a report recommending that the
project be taken up. Copies off this report, together with other
documents, maps etc. pertaining to the subject may be seen at
the office of the undersigned.
A complete Prospectus will be mailed to any address on request.
Cable AJdress: "Aldyke's," Honolulu. Codes: Western Union, Leibers..
ALFRED D. COOPER
308 Judd Street, Honolulu, Hawaii.
Telephone 284, P. O. Box 607
THE ANVIL
trad mark registered
Indicates a steel shod shoe for children. A substantial school shoe; a
stylish well made dress shoe. High or low cut, Kid or Cult' stock; button,
one-strap, or lace.
Steel shod anvil brand means "made to wear." Prices, in sizes 9 to 11,
$2.25 to $2.50. ; in sizes 11 1-2 to 2, $2.50 to $.1.00.
Try a pair and prove what we contend.
McINERNY SHOE STORE
HONOLULU
Crystal White Soap
Is the best soap you can use
for washing clothing.
It is a pure white soap that
does not harm the clothes or
hands.
Your Grocer Sells It
VISITING
SCHOOLS
FINE JOB PRINTING AT THE GARDEN ISLAND OFFICE, PHONE 24L
Continued from page 1.
whom is possessed with a pleasing
personality which is reflected to an
appreciative degree in their chil
dren. On Thursday afternoon a call
was made on Miss Carlotta Stewart,
Principal of the Anahola School.
This is probably a school which has
more grades in one room than any
on Kauai, being composed of near
ly three-score of youngsters divid
ed into grades from first to fifth.
Notwithstanding this condition of
aCairs. Miss Stewart has mastered
the situation beautifully, and at the
time oi our visit was in the midst
of an interesting story. Perhaps
it might be well to briefly describe
the method followed", that is, as
nearly as we can do so. The story
was on "The Origin of Roast
Pig," and when we arrived the
second scene was being staged.
Giving her class the lesson subject,
Miss Stewart passed to the board
and began the story, rapidly sketch
ing as she related the same. So
well did she tell it, and so well did
she follow the story with the crv.
on, that the children fairly stood
tnat tney might not miss a single
strain in the story. The drawing
completed, various Duoils were aslr.
ed to tell the story all of whom did
remarkably well. Written work
in this school indicated a Mau
standart of efficiency, and the chil
dren were neat, and exceedingly
polite.
... -
That which attracts the mind
and absorbs the thought of the
child is forming for him his char
acter as a man. If he is given a
field of exercise in pure, active and
productive thought, it will develop
in him a purpose in life and open
to him a sphere where his energies
may be directed by some definite
aim.
Rev. J. M. Lydgate was in Ha
nalei the latter part of last week.
Hon. and Mrs. A. S. Wilcox
were spending the week end a
their Hanalei beach home last
week.
WHISKY AND BOMBS
A Reuter's dispatch relates the
following incident of the siege of
Mafeking: On the 4th of December,
1899, a five-pounder shell, which
did not explode, was fired into the
town. It was opened and found
to contain a letter to the following
effect: "Dear Powell. Excuse an
iron messenger. There is no other
means of communicating. Please
tell Mrs. mother and family
all well. Don't drink all the
whisky. Leave some for us when
we get in." The sender's signa
ture was torn off accidently as the
letter was being got out of the
shell.
Colonel Baden-Powell was high
ly amused at this novel method of
transmitting news . Westminis
ter Gazette.
Rheumatism, Kidney and Liver
trouble can be permanently cured
in most cases, and greatly relieved
in any case, by the use of Our
Standard Remedy. A purely vege
table preparation in tablet form,
perfectly harmless t o take, but
wonderful in its results. Fully
guaranted, Large box (six months
treatment) $1.00.
Standard Medical Society, K .
W. Whitcomb, Sole Agent, P. O.
Box 275 Honolulu, T. H.
If we are hoping to reform man
kind, we must begin, not with
adults whose habits and ideals are
set, but with children who are
still plastic. We must begin with
children in the home, the school,
the street, the playground.
We want everybody to subscribe for
THE GARDEN ISLAND, of course. It
shows in a most practical way that yoa
are interested in the affairs of the town
where you live or cone to trade. But
whether you subscribe or not, we want
you to telephone No. 24 L when yoa
know of a local item of interest. Yoa
ait welcome,
mm
aLi86iJ?g
Agent
Alexander Young Laundry
We use Artesian- Water. It makes white
clothes whiter, the colored brighter, and the
clothes wear 50 per cent longer.
OFFICE TERRITORIAL MESSENGER SERVICE
Honolulu.
fl
Lest We Forget j
For the best work and lowest rices call I
on or write the I
HONOLULU MONUMENT WORKS, LTD.
P. O. Box 491 Honolulu, T. H. I
Automobile Batteries
The Best Ignition Batteries on the Market
In Any Quantity
Electrical Supplies of All Kinds
Honolulu Electric Co., Ltd.
HONOLULU
READ THE GARDEN ISLAND $2.50
