The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1872-07-06
LEGISLATIVE PROCEEDINGS.
SESSION OF ls72.

FRrY-FIRsr DAY. June 2sth.
His Exeeilency the Minister of Foreign Affairs
read a hrst time q bill! 10 amend Section S24 OF the
Civil Code. ito authorize the appointment OF one
person as District Justice for two Districts, and 10
give the required jarisdiction.) Ordered printed
Hon. A. +. Judd gave notice OF bis intention 70
Introduce a bill TO eodify the Civil Code.
Hon. Mr.. Mikslemi read. first time, a bill TO re-
peal Section q of the Act establishing an Insane
Asylum. (Repeals the provision thar the property
Of insane persons can be taken to pay the expense
Of their care The bill was rejected, Is to IL.
Hon. 4. F. Judd offered a resolution. providing
that Tire House sit in Committee on the Appropria-
ton Bill on Wednesdays aud Fridays. until tie
same Il completed.
ORDER OF THE DAY
The Bill to authorize q special loan, lHotei
Bonds) was then taken up in Committee vi the
whole, Hon. Mr.. kamakau ia the Chair.
TIE motion was to recommend that the Section
pass 70 be engrossed.
Hon. Mr. a. +. Judd said that after the signal de-
feat net with by the opponents of this bill. he had
6Tst been inclined TO submit and let the bill pass
without further debate. But on careful eOnsidera-
ton, he had considered il his duty to fight the
measure to the end and if it caHnot be defeated,
TO endeavor to amend som OF its Objectionable
features The time when these bonds are redeem
able is not axed. Tie rate of interest might be
limited to say 8 per cent.
Hon. Mr.. Carter had also several amendments 10
propose, in the hope that some of the rough edges
of this Objectionable measure may be smoothed of.
After some discussion. in which it appeared that
AZ ~ hNS Va ~ D'HA NN NNNPi'CDS
proposed, the Grst and second Sections were
amended TO read as follows
Section j. That the Minister of Finance be and
he is hereby authorized to Issue the bonds Of the
Hawaiian Government to an amount not to exceed
one hundred and sixteen thousand dollars, seventy
four thousand dollars Of which shall bear interest
not to exceed nine per cent. per annum the re-
naming f~orty-two thousand dollars to be devoted
TO the cancellation of the bonds issued by the Min
lister of Finance, dated October l6. 1871, as the
Hotel Bonds. and to bear interest payable only
from the profits of the Hawaiian Hotel. at a rate
not TO exceed nine per cent. per annum. the interest
TO be payable half yearly and the said bonds to be
redeemable at such times within the next twenty
years, as the Minister of Finance shall deem ex-
pedient. and to be made due and payable at the
Hawaiian Treasury"
Section 2. Upon the issuing of the B lnds as In
the preceding Section provided, the Min sser OF the
Interior is hereby directed TO purchase. for the said
sum of one hundred and sixteen thousand dollars,
the real and personal property now pertaining to
and constituting the Hawaiian Hotel, and to re-
ceiye good and sufficient conveyances and bills of
sale for the same, conveying and transferring the
said property 10 the Hawaiian Government
The third Section, relating to the application of
the rents and profits of the Hotel. was stricken out.
and the Bill as amended was passed to he engrossed
for a third reading, whereupon the Committee rose
and the House adjourned