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Socialistic protections keeping land prices high

July 11, 2013
The Maui News

At the end of the 1960s, Sir Sigmund Warburg, holder of a controlling interest in C. Brewer, the parent company of Wailuku Sugar, insisted his board study the profitability of sugar in Hawaii. The study set cost of production of sugar on Maui at 21 cents a pound. The world price of sugar was 5 cents a pound.



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