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THE GARDEN ISLAND, TUESDAY MARCH l 19151
HUltL WA1MLA i
tAmnt a -
Breakfast : :
$ .50 i
i .oo !
Dinner : :
Ro.nn : : : 1.00
.1 v :
DICK OLIVER, Manager
Oifice Supply Co., Ltd
iioxoi.ii.r, t. ii.
and .h-alers in Ollico Stationory
and Filing Sjhi.mus.
Carry a ooinjilcti stork of tlio
Crlolic-W.M iiifko Filing CnliinctH
All rt'iairH mi typewriter. gnarnii-ti-ed
Twenty-two elegant rooms
In Main Iluilding
Three Airy Cottages
Cuisine unexcelled in country
W. H. Rice, Jr.,
THE BANK OF HAWAII,
Liiiue, Kauai, Hawaii
Deposits are received subject
to check. Certificates of de
posit issued payable on de
mand. Loans made on ap
Drafts Drawn on
San Francisco Berlin
New York Hong Kong
Interest paid on Savings De
posits. 4 per cent on ordi
nary and 4 per cent on Term
Deposits. Ordinary Savings
Deposits will be received up to
$2,500 in any one account.
Safe Dr:rosiT Boxes for
Rent $2 and $3 a Year
L. Y. TIM
Has entered the rent ser
vice, and has provided him
self with a big
Special attention paid to
commercial travelers. Rea
sonable rates to all parts of
YOU will always reineiuher ymir hi
Til K AM KKICAN CoNTINKNT
If ym travel via
The Scenic l.i f tlie World
Feather liiver Canyon and the
Denver & Rio Grande
FKKD I.. WAI.MiON, LTD., Agents
Real Estate and Insurance
NO. 125 131 MERCHANT ST.
P O.Box No 594 Honolulu
JUS. F. MORGAN
1 BSS19S3 I w
1 11 dtf'-
1 1WMII1I I Mill II lltl IK Vmiiii
HONOLULU MONUMENT WORKS, Ltd.
p. o. itox v.n
Paper Bags, Twines,
IX TIIK TF.KUITOKY
MAIL nKHF.US I'lioMITLY
A IT F. Mil". I) TO
PAPER CO., LTD.
Fort and Queen Streets
GEO. G. GUILD. Vice Pre & MKr
i CALIFORNIA FEED CO.
H.w; Gkain and Chicken
Sole Agents for
International Stuck. Poultry Food
and other specialties. Arahie for
eoolinu' Iron lools. I'etalimia In
cubators and Prooders.
King's Special Chick Food
P. O. Box 452, Honolulu
EVEKYTIIINC. IN THE
Silver ani fini.n Line,
Rich Ci t Glass and
Mekchandisi; of the
Best Oi alitv Only.
L I?A Dl N r, J E WE I.EKS.
P. O. Box 342 Honolulu
i 1 We neatly jiark and mail
lJtirV Hawaiian S.fiivcnirs.
jT Hawaii & Soulh Seas Curio
We carryall the best grades
of paper, stationerv, and of
We will give your mail or
der the same . are and prompt
attention that you would re
ceive in person.
Drop ns a line.
Hawaiian News Co., Ltd.
Ig oung Bldg. Honolulu
ANNUAL REPORTS OF THE
Ml E SUGAR
The annual reports of the Mc
Bryde Sugar Company nre at hand,
and make quite interesting rend
ing One of the most interesting
features perhaps, is contained in
Kxhibit H, ot the treasurer, show
ing that the net profit per ton of
sugar for the estate was 515.46,
which gives a total profit (as per
Profit and Loss Account, of $242.
In his report, the treasurer con
eludus with the statement that tin-
cost of production of the 1915 crop
wilt be considerably less than the
cost of production of the 1914 crop
Other interesting items i n the
Treasurer's report are as follows:
REDUCTION IN CAPITAL
STOCK: In accordance, with reso
lution unanimously passed by the
Stochkolders o n November 11,
1914, the par value of the common
stock of the Company was reduced
from $20.00 to $16.00 per share
New certificates were issued show
ing this reduction in capital on
December 28, 1914.
In connection with the reduction
of par value in capital stock, en
tries were made on the McBryde
Sugar Co. books wiping out $338,
569.77 debit on Installation Ac
count, and changing the debit of
$307,405.87 in Profit and Loss Ac
count to a credit balance of $23,
At the present the authorized
capital is $3,800,000,00, consisting
of 175,000 shares of common stock
par value $16.00 per share, and
50,000 shares of preferred stock of
the par value of $20. The capital
stock outstanding at the present
time consists of:
165,604 shares common
stock, par value $16
per share or $2,649,664,00
30,000 shares prefer
red stock, par value
$20 per share, or 600,000.00
making the total out
standing cnpital $3,249,664.00
PROFITS: The profits for 1914
amounted to $242,644.01. Your
Directots were therefore able to
pay to the Trustees of your bond
issue $23,913.77. balance due on
account of Sinking Fund payment
for 1913, as well as $50,000.00 on
account of 1914 Sinking Fund, all
as called for by the Trust Deed.
All but $32.25 of this .Sinking
Fund has been used by the Trustee
in purchasing McBryde 5 per cent
bonds, the amount outstanding on
December 31, 1914, being $1,893.
900 par value.
I would also remind y ou that the
promissory note for $142,972.96
dated January 2, 1914, from the
MeBrvde Sugar Co. to Alexander
Baldwin, Ltd. was paid and can
celled on November 11, 1914, in
accordance with resolution passed
by the Stockholders on said date.
Preferred Stock dividends have
also been paid for the years 113
On January 1st, 1914, the Com
pany owed the Agents $90,954.2'.
On January 1st, 1915, the Com
panv had a cash balance with the
Agents of $108,285.81. This is a
larger balance than was estimated.
This large balance is partly due
to the lact that the amount expend
ed as shown on the books for grow
ing crops on December 31. 1914,
was a great deal less than the
amount shown for growing crops
on December 31, 1913, this not
withstanding the fact that the com
parative acreages and the estimated
crops were about the same.
M A N AC, U R ' S R F,PO RT.
The report of Manager Alexan
der contains many interesting fea
tures the following being some of
the more important:
Unusual conditions have marked
the last vear.
An unpromising outlook faced
us at the opening of 1914. Prices
of sugar touched the lowest figure
in the history of the sugar world,
and retrenchment was planned in
all departments of the Plantation.
The European war gave us high
prices tor aiiotit 1-3 ot o:ir sugars
so that our crop, after deducting
marketing expenses, realized $67.
58 per ton.
CROP 1914: The records ..f total
sugar and yield per acre were lioth
broken in 1914.
The total sugar was 15,700.97
tons from the Plantation fields, and
669.2175 tons from the Home
steads, making a total crop of
16370.1875 tons, or an average
yield per acre of 5.61 tons of sugar.
The 1135 Demerara harvested
avet aged over 8 tons of sugar per
acre, and some of the Caledonia
Plant fields yielded S tons of sugar
Late rains interfered with har
vesting, especially in the Home
stead sections, so that our harvest
ing was extended two weeks longer
than we had anticipated.
CROP 1915: We started harvest
ing, January 6th. and found the
fields in good condition, the juices
standing a little better than at the
same time last year.
With about 100 acres less than
our area for tne 1914 crop we ex
pect a total of over 15,000 tons'
CROP 1916: This crop repre- j
sents the growing cane, and on th :
whole is further advanced than the !
young cane of last year, j
CROP 1917: We are planning to
plant about 1000 acres in 1915 for;
the 1917 crop.
HOMESTEAD CANE: During
1914 we hauled 6411.13 tons of
cane from the Homesteads which
produced 669.21 75 tons of sugar.
CROP 1915: Homestead harvest
ing was started January 9th, 1915,
and is progressing rapidly. The
Homestead cane is clean and ave
raging well in sucrose.
CROP 1916- New Homestead
fields w ill mature in 1916. and the
ratoon fields, especially in Piwai,
are making a fine start.
We anticipate that it will tax our
teams to haul the 1916 crop, and
we tnav have to purchase a truck
to assist in hauling the Homestead
FACTORY: We started grind
ing December 17th, 1913. and
finished the crop on August 7th.
While we harvested the largest
crop on record at McBryde, yet the
time of grindirg was extended on
account of the late rains and also
the inability of our clarifiers and
evaporators to handle the juice.
MILL IMPROVEMENTS: Dur
ing tne on season two Deming
Heaters, purchased from Maui
Agricultural Co., weie installed.
and the evaporators and savtalls
were thoroughly overhauled.
A Union Bag Sewing Machine
and Automatic Sugar Scale have
been added to the sugar room
New intermediate carriers have
been placed between the mills and
the Mescheart grooving is being
tried on the feed roller of the sec
At the present time all depart
ments of the mill and boiling house
are running smoothlv, and we an
ticipate better results this year.
CON TEM PL A TED I M PRO YE -
MILL IMPROVEMENTS: In
anticipation of Free Sugar our mill
will have to be brought to the
highest efficiency. With these facts
in vjew we will have to spend fully
$30,000.00 on improvements.
A 42x54 Swing Hammer Shred
der direct connected to a 200 horse
power steam turpi ne lias neen or
dered, and we expect to install the
same during the grinding season.
The evaporator cells will require
6ft. bands to increase their capacity
and enable us to clean the lubes.
Four new Mill Rolls and four extra
settling tanks will be necessatv,
and two extra crystallizers.
When the grinding season is
finished we will have to install a
Magna Pump and possibly new
CLEARING LAND: About $10,
000,00 will be required to clear
land. Bv clearing pasture land in
Upper Wahiawa we will be able to
throw out a portion of the trench
fields now in cultivation and gradu
ally clear the fields longest under
We are preparing plans to fur
nish the Lawai camps with good
drinking water. This will involve
lifting water from the springs in
Lawaii Gulch and extra piping. '
We have found it a
r&ei'-tkat most of the
eoole who once wear
($5 & $G)
invariably re-order the same
kind. That's proof of quality.
Manufacturers' Shoe Store
Conned: up a contrifugal pump
to a Westinghouse Motor
and your irrigation troubles are
Let our expert ex
plain why, in detail
Hawaiian Electric Co., Ltd.
Up-to-date Livery, Draying and Boarding Stable a d Auto- J
Livery Business. I
BETWEEN LIHUE and KEKAHA
Leaving Lihue every Monday, Wednesday and Friday.
Leaving Kekaha every Tuesday, Thursday and Saturday.
ARRIVING AT THEIR DESTINATION IN THREE HOURS
W. WEBER Manager
Telephone 4 W Waimea P. O. Box 48
All the Big
If you attend uny of tlie
big college panies oti v ill Hnd
that tlie ball almo-t invariably
ui.l is the REACH OFFICIAL
AMERICAN LEAGUE KALI.
College men won't have anv
but the DEST that's why Uiey ail ue
7w M-SatCli Ball
eoller- n:tr know l
. ... : Kl'.-lCll
Ain-rit-:t! i. ;t.-iii. n,r Kil ytr.it
1 U lile
' The Pf.n-h T-uiY-innrk an all jpur.liig Goods Is a nuarantre ot quality It mran fall.
taction. urn .-(in.- or y.Mir mouty baca (txctpt on Vails aud Bats under (1 DO)
uuii k.i). .c u.ci m any lcuviic KHiue. 1'ricc
"'i. i:r. ,'i r .... v.,. . ; .
....... ....... . ..id a iir.KW l
Series, schedules, records, ic. lo
Theo. H. Davies & Co., Ltd.
stf for the Territory of Hatraii
The right kind of
Tool for every pur
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