
Reported by Star-Bulletin staff & wire
Thursday, September 26, 1996
On one-year adjustable rate mortgages, lenders were asking an average initial rate of 5.82 percent, down from 5.83 percent last week. Fifteen-year mortgages averaged 7.68 percent this week, up from 7.64 percent a week earlier.
The company was honored for creating the Pu'u Kuku Watershed Management area in the West Maui mountains to protect 8,661 acres of fragile rain forest and bogs, and more than a dozen endangered plants and animals.
Mary Cameron Sanford, board chairman at Maui Land & Pineapple, and L. Douglas MacCluer, the vice president of plantations, received the award.
The local chapter of the National Association of Investors Corp. said the Nov. 16 event will give individual investors a chance to meet and question key executives of several Hawaii companies and other major publicly held corporations. There will also be a trade show.
The price for the event is $30 for NAIC members and $35 for nonmembers. For more information call 521-1799.
The NAIC's membership includes more than 400,000 individual investors nationwide.
The company said it expects to have two more of the twin-engine helicopters in its fleet by the end of the year. The Twinstars, which cost up to $1.8 million each, have two engines and redundancy in other systems, increasing safety as well as providing a smoother ride, the firm said.
Hawaii Helicopters is based in Kahului and is a family business owned by Donald and Stephanie Ballard since 1985.
The Honolulu-based aloha wear maker and retailer said that passengers in all classes on Northwest flights to Hawaii from Osaka, Nagoya, Fukuoka or Narita Airports through October and November will each receive a coupon exchangeable for a free garment. The coupons can be used at any of the five Hilo Hattie outlets in the state.
Chris Resich, president and chief executive of Hilo Hattie, said the promotion last fall helped the company tap into the Japanese market.