493 
3.  About  700  to  800  acres  of  the  “Pili  Lands,”  from  Kaipuhaa 
to  Paoo  6. 
4.  During  the  existence  of  the  leases  on  the  above  named 
lands,  the  Woods  Estate  is  to  receive  rent  for  Kehena  2,  until  the 
expiration  of  the  respective  leases ; such  rents  to  be  paid  by  the 
plantations,  who  it  is  claimed,  are  most  directly  benefited  by  the 
conservation  of  the  forest. 
The  land  of  Kehena  2,  is  said  to  contain  3,344  acres,  or  about 
one-third  of  the  lands  owned  by  the  Woods  Estate ; of  this  area 
the  Estate  wants  to  turn  over  to  the  Government  the  part  con- 
tained between  a gulch  named  Hooleipalaoa,  on  the  west,  to  the 
edge  of  Honokane  on  the  east,  and  containing  approximately 
2,000  acres.  From  the  Hooleipalaoa  gulch  to  about  where  Niulii 
joins  Kehena,  there  are  large  open  stretches  covered  with  Hik> 
grass,  and  swampy  in  places,  thence  to  Honokane  the  forest  be- 
comes denser,  until  from  a line  from  near  Pololu  to  Honokane, 
it  becomes  impassable  for  horse  back  travel  on  account  of  the 
swampy  nature  of  the  ground.  There  are  said  to  be  some  wild 
cattle  near  Honokane,  which  it  would  take  some  time  to  get  out. 
The  western  portion  has  some  tame  cattle  on  it,  as  that  part  of 
the  land  is  divided  off  into  paddocks. 
The  elevation  of  the  part  of  Kehena  to  be  released,  is  from 
about  2600  feet  to  3700  feet;  there  are  no  running  streams  on 
the  land,  but  a number  of  the  gullies  contain  standing  water,  the 
remains  of  rains,  and  which  the  cattle  drink. 
It  is  claimed  by  Mr.  Woods,  that  Kehena  is  now  the  only  fatten- 
ing ground  for  their  cattle,  and  for  that  reason  the  ranch  would 
be  of  no  value  without  said  land.  I have  no  reason  to  doubt  that 
statement. 
As  land  per  se,  at  that  elevation,  Kehena  would  not  be  of  any 
great  value;  not  even  as  timber  land,  as  it  would  be  very  expen- 
sive to  get  wood  to  market,  on  account  of  the  swampy  nature  of 
the  ground.  In  appraising  the  same,  however,  I have  taken  in 
consideration  the  relative  value  of  land  to  the  ranch. 
I have  endeavored  to  have  Mr.  Woods  give  me  what  valuation 
he  places  on  the  land,  but  up  to  the  present  have  not  received  any- 
thing from  him ; it  is  claimed,  however,  that  the  income  from  the 
lanch  as  a property,  is  practically  derived  from  that  piece  of  fat- 
tening land. 
For  the  purpose  of  arriving  at  a valuation,  I have  made  in- 
quiries at  the  Tax  Office,  and  find  that  in  1903  the  Puuhue  Ranch 
lands  were  returned  at  $26,678.00,  and  in  1905  in  the  neighbor- 
hood of  $28,500.00.  Allowing  Kehena  to  be  worth  two-thirds  of 
the  whole,  would  bring  the  value  of  the  whole  of  Kehena  to 
$19,000.00 ; deducting  therefrom  the  value  of  the  one-third  to  be 
retained  by  the  ranch,  leaves  a value  for  the  forest  part  of 
$12,667.00. 
In  placing  a valuation  of  $6.00  per  acre  on  the  land,  nearly  the 
same  result  is  obtained.  Say  2,000  acres  $6.00  per  acre  — 
