The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1874-08-01
A Ministerial Explanation-Report on the
Loan Bill, Section 6.

at matters very little whether . the report of
remarks made on the Paper Money Clause > of the
Loan Bill, published in the Gazette of this week,
"emanated from the pen Off Mr.. W. L. Green or
not; although the editor clearly intimates that it did,
as he Z" solicited an outline of his remarks;'' but we
now publish remarks on the sixth Section, made by
the Minister of the Interior in the House, and pre-
pared carefully by our reporter, which Mr.. W. L.
Green did not furnish
"There has been a number Of amendments pro-
posed, but have not heard anything in relation to
the Importance of the sixth Section, in the matter of
what it calls for. .. ~fsa,
"I wish to put myself right before the House. 1t
has been said outside of the House that / am opposed
to the Loan Bill, ami have stated that it is not a
Government measure. Now wish to say that a
Bill to authorize q Loan is q Government measure,
but not this Bill, Then what Bill? Where is your
Bill11 His Majesty sent a message to this House to
do something about q Loan Bill. That | cordially
endorse, [but what something have you done except
to hem and haw over Bill prepared by outsiders. ]
But it must be perfectly clear to the House that this
Bill is not His Majesty's or the Governments. TIT
is quite clear to everybody that you could not have
framed it, | hope you will not swallow it whole
sale, on the false impression that it is His Majesty's
Bill. Native members might well accept it as such,
since they saw that the reputed Premier could not,
or did not produce one. 1t is well known that this
Bill was gotten up by outside parties. land SO was
all the Legislative action on important public meas
res;-Immigration, Reciprocity and ubmarine
Telegraph, prompted and urged by outside parties. ]
My duty is to assist His Majesty to get up a Bill,
Cwhere is itYl andI should fail in my duty if I did
not criticise every line of the Bill, that / thought
should be criticised. LBut if you had any capacity,
or appreciation of your position as a Minister, you
would after adopting or even partially acquiescing
in the Bill, have carefully considered it, before COM
ing into the House, and have pressed your criticisms
upon the Committee in charge of the Bill, and not
have taken up the time of the House with your
shilly shallying amendments, like a captious oppo-
nent.1
"The salient point of Section sixth has not been
touched upon. (Read from lines 81 to So That is
the point of the Bill / am opposed to, and which
requires attention. There is no limit in respect to
loans on real estate by the Board, and 1 consider it
my duty to state other objections; but 1 may vote
for it with some modification. As to advances on
products, 1 have always been in favor of Government
advances upon products stored in Government ware
houses. Everybody knows the value so nearly of our
produce that they would be quite safe In lending
upon it; 1 should be in favor of amending that por-
ton of the Section in reference to loans on produce,
so that they may be limited to twO-thirds of the
appraised value. As I said before, 1 intend to criti-
else every line in the Bill, to assist His Majesty in
carrying out the objects of the Bill. land yet he
has emphatically said that it is not His Majesty's Bill,
nor a Government measure, and now he makes this
Bill an instrumentality for assisting His Majesty TO
effect the object of a loan In loaning money on
real estate, great difficulties will arise, in managing
that part of the business, although if it was man
aged with skill and prudence, l would not say but
that it would benefit the country. land Il if Ministers
were men of ability and originality, and not dunn
mics in Ministerial seats. we would not say but that
they would benefit the country In passing that
Section you place great confidence in the Board, and
l only hope the Board win respond to that confidence.
l should feel delicate in assuming the responsibilities
that would devolve on me.' Then don't-don't
rufie the delicacy of your financial soul by remain
ing where you might be liable to carry out any of
the provisions of this Biul.