In Re Taxes Oahu Sugar Co.

OPINION OF THE COURT BY

PETERS, C. J.

The taxpayer conducts a sugar plantation on the Island of Oahu consisting of a large area of land mostly under lease which it cultivates in cane, and a sugar mill where it grinds and manufactures its cane into sugar. All its operations are under its personal management and control. It is an enterprise for profit as that term is employed and understood in the tax law. On January 1, 1923, it returned such of its property as was subject to taxation upon that date at the sum of $6,729,090.04. The assessor assessed the company at $8,000,000. The taxpayer…