The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1863-03-05
COMMER
THURSDAY. m4RcB 5. 1868.

A. Interesting topic La eome ~ mr discussion ia business
ciTeIrs u@ past wres-zE..h.r duue- ar payable sH goods la-
ported from Boston According 20 ;hr invoices made out IN the
deprecated currency q that port, or whether aHsEalce should
not - made a: the e-lstom-L0g-e here fr such Lepr-ciati1a. and
thu gold dollar Their. be taken - {; = here - tie standard ia
HSiBE thu -aa r4lo~snr value OF imported merchandise. The
immediate Cause that has given rise 70 the question = the
arrival Of The bark -fretie, the goods by which vessel ars sup
posed to - iavatc-I according to their currency valuation at
the date q their purchase. On her arrival, ;he con-sness sent
i petition % tie Minister Of Finance, praying that thu Collector
GrnsraL in receiving duties, might b. instructed - aiio" Tor
the difference 10 the rates u gold and currency in Boston 40 the
date u The vesssI's departure, (Eh.ch was about - pr cent?
and tIat duty Only b. sAactsi OF the specie value q tie IN
voices, a. j. now done in Canada and other foreign countries
receiving shipments from Tie United states.
our laws clearly require the payment q a duty Of Ten per
cent Ge ral0ysH, that II, On the ~Gctuat cost7 only q the
goods. livery inward entry requires the oath Of the cousign-e
.ha; the c0rt Il the merchandise Isl a entered By him Ifh= has
pail or IL expected to pay the amount u the invoice. here or
eiseghere- in our gold currency, h. should clearly pay 10 per
cent. on L. IT, on the other hand. he l. not expected 70 pay in
gobl, but in the deprecated foreign currency, a, a different
standard than gold, he cannot honestly make oath in entering
his goods that The invoice represents the true cost Or valuation
Of his merchandise in our currency, and he should only b.
called On 70 pay his duties in the same deprecated currency in
5hich his invoice j. made cut, or its equivalent in Hawaiian
currency. Section $50 o! the Civil Code requires goods to be
entered At thu artuaI cost at the place Of export" meaning
evidently the sP,eiS cost or RADIATION q" in dollars and cents
The invoices by the Arctie represent not the gold value Of the
goods on board Of her at tie date Of her sailing, but their cur
reacy valuation
This is = new question, and the Government cannot make any
change. without At the same time adopting stringent regulations
to prevent fraud, as in the case q goods bought fr cash. The
certificate q The Collector or Hawaiian Consul in Boston, would
prevent any advantage being taken Of the two ra;es q currency
sBI gold
By the clipper .hip Ayehey We have advice. Of the san Fran
markets - tL- Iith Il February. We notice no special
changes in the prices q island produce. Sugar vas steady At
II q l2c: coffee, 3Oc; rice heavy, AZ a SC. The latest r.
port u thu state q gold in New YORK I. the mIoeinr.
NV IoEk- February H-ExchanEe- IG1.f Gold, unsettled.
opening at VI Advancing "a high a. SCI. and closing feyrrsh
~ 81! premium : BIO. 1925 a :.
IA= 4-efie brings a large cargo from Boston, a considerable
portion u which comprises machinery for our sugar and rice
she viii BE- laid on Tor H. sane port immediately.
and sail early ia APRIL
In heal trade, everything : very quiet, and We hear q no
mertlnR . report.
In exchange, Giooo sterling has been taken up during the
II "a, 90 days sight