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THE GARDEN ISLAND TUESDAY. MARCH 14, 1916
1L REPORT OF
STILL A GRANGE
M'BRYDE SUGAR GO.
The annual reports submitted
to tlie stockholders of McBryde
SiiRar Company were quite com
plete as to detail, all the accom
plishments of the year and the
plans for the future beinK inter
estingly set forth. The report of
the Manager, for instance, oes
into the minutest detail, and,
while interesting, is too lengthv
for presentation in limited col
umns. In his report the treas
suter, John- Waterhouse, makes
the following statements:
PROFITS: The net profit for
1915 amount to $469,768.47.
Of this amount $42,000 was paid
out as preferred stock dividends
fot the year 1915, and $165,604
was paid out in common stock di
vidends. Deducting this $207,604,
amount paid out in preferred and
common stock dividends, leaves
$262,164.49 as surplus o n the
ciop. Ot this amount $50,000 was
paid to the Trustee as sinking
fund, in accordance with the terms
of the Trust Deed of the McBryde
Sugar Company 5 bond issue.
In addition to this sum, $150,000
was also set aside by your Direc
tors for the taking up of addition
al bonds, so that in all $200,300
par value bonds were purchased
for $199,989.75. Therefore, aftet
paying dividends and retiring
bonds as above, there still remains
a cash surplus on the crop of $6,
174.72. $38,289.55 more, how
ever, was expended on permanent
improvements than the credits and
depreciations of the various ac
counts amounted to, therefore this
cash surplus was really reduced by
this amount to $23,885.17.
Notwithstanding the above, cash
in agents' hands was reduced to
$33,857.32 as against $108,285.81.
However, the plantation cash am
ounted to $38,824.48 on December
81. 1915. as against $15,883.56 on
the same date of 1914. Difference
in cash and agency balance for the
two years is due to the fact that
on December 31, 1915, there was
$43,381.74 more charged to grow
ing crops than was charged on
December 31, 1914. Similarly
supply accounts were $34,124.04
greater on December 31, 1915,
The increase in "supply accounts,
however, is due to the fact that
o.i account of the war it is neces
sary to carry a larger stock of such
items as bags, nitrate, coal, . etc.
The increase in these two accounts
amounts to $75,505.78.
INVESTMENTS: Your Direc
tors on July 7, 1915. voted to avail
themselves of the option or privi
lege of repurchasing 1524 shares
of their Sugar Factors Company
stock from the Hawaiian Sugar
(Special Washington corrtspondtnct of THE
Washington, D. C, February
18. In the hearings before the
Senate Committee on Public Health
upon the bill to establish a nation
al leprosy hospital, testimony was
given b y Dr, George McCoy,
American surgeon in charge of
the leper hospital i n Molokai,
Dr. McCov exploded a few
theories about the disease. For
example, that it was not heredi
tary; that it requires not less than
five, and frequently thirty years to
develop after contact and in fee
ion; that it is not easily commu
nicated. He explained that sur
geons do not use gloves except
when tley operate; that children
are born in the Molokai colony to
parents one or both of whom arc
infected with leprosy and that not
over seven per cent of such child
dren ever take the disease. The
disease is not climatic, he said, for
there are lepeis in Iceland and
Scandinavia and in Russia, and
there are many thousands in Mex
ico at liberty.
The average length of life in
lepers in the Molokai colony is ten
years after the appearance of the
disease, but some live for thirty
years. Finally the expert told the
commitfee that the physicians at
work in the leper colony at Molo
kai regarded the chances of infec
tion as so slight that they gave the
matter no attention. He had per
sollv known of three cases where
doctors or nurses had become lep
ers as the result of working in
Dr. McKean, superintendent of
the leper asylum at Chiengmai,
Siani, one of the experts who tes
tified, made Senator Smoot, a
member of the Committee, uncom
fortable when he reminded the
Senator, who stated that he had
once been in a leper colony, that
he might hear from it in years to
come, the germ being of such slow
Experts testified that all hnowu
cases in the United States were
traceable to one of four sources:
China, the Philippines, Hawaii,
or Key West.
Company under the terms of agree
ment with the said Hawaiian
Sugar Company dated December
31, 1909. This was accordingly
done and the sum of $152,400 has
therefore been added to invest
ment accounts with a like credit to
bills payable, as the money was
borrowed from Alexander & Bald
win, Limited, with the stock as
(Special Waahington contspondenct of THE
GARDEN ISLAND. )
Washington. D. C, Feb. 18.
The House Rivers and Harbors
Committee has reported the Rivers
and Harbors Appropriation bill to
the House with but two Hawaiian
items included. These are Hono
lulu harbor, $106,800, and Knhu-
lui harbor, $10,000, these items
and amounts being the same as
the estimates submitted by the
War Department engineers. With
but one exception no new items
were included in the bill and this
one exception was not Nawilivvili
harbor. It was for the improve
ment of the East River channel,
New York harbor and was insert
ed at the personal request of the
President upon the alleged leason
that the improvement, for which
$700,000 was named, is necessary
for strengthening the defenses of
New York harbor. The actual
reason for putting the item in the
bill is said to be that Tammany
demanded it and that the Presi
dent just now is doing everything
Tammany asks. The Rivers and
Harbors Committee had adopted a
rule barring all new projects from
the bill and the exception made in
favor of the Tammany item is rais
ing a big disturbance which may
defeat the whole bill. Republicans
object to the bill because it pro
vides big sums for improving a
number of creeks and small rivers
in the Southern States and disre
gards important harbors in the
North. Should the bill pass the
House an effort will be made to
add new projects to it in the Sen
ate and if any are added the friends
of Hawaii will try to have Nawili
The following papers have been
filed in the registry office at Hono
JAMES GRUBE by Tr to James
Grube hit in R. P. 6642 Kul
9270 Wainiha (Halelea) Kauai,
Dec 18, 1915. $1.
DANIEL LOVELL Jr. to Kaina
D. Lovell. 1 large and 1 small
shares in hui land, Moloaa, Ka
waihau, Kauai, Feb 23, 1916.
$1 and love.
DANIEL LOVELL Jr. to Haku
D. Lovell 1 large and 1 small
shares in hui land, Moloaa. Ka
waihau, Kauai, Feb 23, 1916.
$1 and love.
DANIEL LOVELL Jt. to George
Mauoni Lovell, 1 large and 1
small shares in hui land Moloaa,
Kawaihau, Kauai, Feb 23, 1916.
$1 and love.
Our Chriftmas Savings Club
Will Give You Money For Your Gifts
It is a sure, safe and profitable way to save your Christmas money. You may be endeavor
ing to save a little money for that purpose by putting aside a small sum every now and then
in a home savings bank, but the temptation to break into it before the time is up will likely
prove too strong and your purpose be defeated. Or the whole thing might be stolen from you.
But you can put One Dollar away each week in our Christmas Savings Club and draw out
Forty Dollars WITH INTEREST in time for your gift buying.
The 1916 Club Begins March 6th
and ends Monday, December 4th
THREE CLASSES: A, $1:00 WEEKLY; B, 50 CENTS WEEKLY: C, 25 CENTS
It vou are not familiar with the Christmas Savings Club idea we invite you to come to us
for information. Better do so at once.
Bishop & Co., Savings Bank
.CoprrigM lUil Scliirtnci c Mars
I Silva's Toggery, Honolulu. j
MORRIS & COMPANY
Packers and Provisioners
Have appointed us theii agents in th
We carrv a complete stock of their goods,
and solicit Island correspondence.
GONSALVES & CO., LTD.
P. O. Box 595 74 Queen St., Honolulu, T.H.
yjli BENSON, SMITH & CO., LTD. jfj
I II Assorted Chocolates unil Hon ltinic (ioc kt imnl ; $1.LV It
ml jl two imhwkIs. Milk (Mioeolates 50c small Imix; $1. no
AGENTS IN HAWAII
The best for
Roofing Culverts Flumes
Write for booklet.
Honolulu Iron Wks. Co.
kvkrything in the
Silver and Gold Line,
Rich Cut Glass and
Merchandise ok the
Best Quality Only.
P. O. Box 342 Honolulu
are severe on
Get the best!
Nettleton, for men
Regal,kot men and women
j jt jt
REGAL SHOE STORE
Don't fail to write us.
If yon want information altout dinner-
IVHI-H Ki.r fit-.. I.1! WTV xnu,-m i. I...
I ceil our business to Htmly and inipuit
me iK-ju omucrwarcs iroin me ichoiiik
otterii'fi of tlie world. Is it any wonder
wo can 1 'lease all chinu Imvers '.'
We carry :( ocn Muck iuttcriis at
iiecs from syii.UU to $130,110 lr set.
Minifies ami price lists gladly suliinit
ted on reijuest.
W. W. Dimond & Co., Ltd.
"The House of Houseware"
i.'1-G.j Kin St. Miotic ('.:!"
It isn't a question of liow
much or how little your in
come is, it's a ciuestioii of sav
ing some of it, NO MATTKR
how much or how little For
a big fortune, Ft'irt with a
FavitiRS account for a very
small sum and a few deposits
will bring your balance up to
a tidy amount upon which we
will pay vou four per cent
interest compounded semiannually.
K" r tr
i CALIFORNIA FEED CO.
(Hay, Grain and Chicken
Sole Agent for
( International Stock. Poultry Food
Mini other 8xeiuhiei. Arabic for
coolini; Iron Roots. IVtaluma In
curators and Brooders.
? King's Special Chick Food
I P. O. Box 452, Honolulu
Wholesale and Retail Groceiiei
Dry Goods of all Descriptions.
Real Estate and Insurance
NO. 125 131 MERCHANT ST.
P O.BoxNo.594 Honolulu
Twenty-two elegant rooms
In Main Building
Three Airy Cottages
Cuisine unexcelled in country
W. H. Rice, Jr.,