The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1874-07-25

Section ! of the Appropriation Bill was then read
and passed with the amount as stated above, $780,
565.87.
On motion the Appropriation Bill as a whole was
passed to be engrossed.
i On motion of the Hon. Mr.. Nahinu the Act to
authorize licenses for peddling goods and merchandise
within this Kingdom, was taken up on its third
reading and passed finally.
The Act to aid steam navigation with foreign coun-
tries, was then read a third time and passed.
The Act to facilitate the negotiation of a Treaty or
treaties of Reciprocity came up on its third reading.
After a spicy debate, the motion 10 indefinitely
postpone was put and carried.
The Act to authorize the Minister of Finance to
negotiate q loan for the School Fund belonging to the
Board of Education, was read a third time and
passed.
The Act to make a permanent settlement for
Major NJ. Mahuka was taken up on its third reading
and passed. House Adjourned.
SIxTY-EIGHTH Day, Tuesday, July q.
His Ex. the Attorney General from the Committee
to whom was referred the bill to regulate the right of
dover, reported consideration of the same, recon-
mending to indefinitely postpone. Laid on the table
till the minority report comes up.
The same gentleman from Committee to whom was
referred the Loan Bill, reported as q majority, con-
sideration of the same as follows:
HONOLULU, July 18th, 1874.
H'" Presidsni Of tas Legislative Assembly.
Your committee 10 whom was referred me bhi u authorize
We have carefully considered the Bill and its objects, and
o odhns = act N iinteS5ded for the same s' purpose, to win Wit
Bills for National Loans in other countries aud we feel
assured that the Bill now before the Assembly is well calcu-
lated TO secure the objects intended. and are Of opinion that
those objects are most important and beneficial 10 the general
interests.
In the nth line Of the printed copy OF the Bill il Is provided
that the different forms of debentures should be issued in such
portions Of each Cof three iorms) as His Majesty may deem
advisable. whilst in the 2lst line 1t limits the interest bearing
interest bearing notes Of less than $50 TO $1,000. We = regard ear
the limitation as wise, and therefore in order to make the pro-
Section, recommend that the same be amended by inserting
word: " subject to the provisions Of the ed 4 Section Rh@e Of hi, SiSi he z
After careful confederation We are also Of the opiuian that
s sd2i. .s5ss forms Of d''sa'a'' provided for By the Bill are
Your Committee are also Of the opinion that the bonds
would be easily negotiated If the interest should be stated at
seven and three-tenths per cent, instead Of six per cent, and
rate of interest as the bonds, and therefore recommend lhst
the Bill be further amended by striking out the word ." ak" in
seven and three tenihs $50 likewise in the ninth Iine-so
likewise by striking out the word four" in the goth line,
For the sake Of greater certainty your COMMITTEES would
inserIins amer The word " issue the words : by aut6otitiy Y
Majesty the King SO that The sentence will read: And the
Minister Of Finance may also Issue by authority OF His Maj
esly the mag in exchange for coin" etc, and insert same
And also Tor greater certainty your Committee would recon-
mend thai the Bill be further amended by adding after the
words, sin coin when said interest aud principal may become
due" 90 that The sentence viii reads "And the faith Of the
Of The interest and the redemption Of the principal of the stock
and Treasury notes in coin when said interest and principal
IlAl W GAcs
And aEO beg leave to recommend an amendment Of Section
8, line 81, printed cops, By adding after the words % Council OF
State the words appointed BY His Majesty the King"
And also to further amend the Bill, Section 7, lines q and
SO, by striking out the words as well as the money, whether
principal or interest derived from the same and BY striking
cut the word bonds" line e3, and inserting the word "debeni-
ures," 50 that the Section VIII read: And the securities
received by the Government, as in the sixth Section set forth
shall be preserved intact as a fund Eherewiih 10 pay the
debentures given for the loan, and shall be used for 10 other
purpose whatsoever"
We have the honor 10 submit our report land also a re-tr2ns-
IEtion Of the Bin with proposed amendments, in printed form)
with the recommendation that the Bill be thus amended and
pass to be snErOssed. Yours respectfully.
(R. II. STANLEY,
(s. K. RAA4.
ORDER OF TIE DAT.
The Act 10 ament Sections 1920 and l423 Of the
Civil Code, was taken up on its second reading, rela-