The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1876-06-24
.ers sIoney No, Mr.. President. "a.

Who use four, bread. and bread siuas
those =ho use boots. and shoes, and cotton pods
who nsed lumber, shingles, nails. doors. windows q &C.
for buildiUg purposes those Who need plaNf'
wagons. carts. spades, shovels, hoes, etc a. vel -
those who need sugar nils, sasaT key hoop 'ron'
AID the like.
Mr.. President. the removing n the duties 10 the
articles named il In accordance with an agreement
made with the United States and although l elAim
Hawaiians viii be benefited by the removal % the
duties on the articles Imported undeF the treaty, h
part Of \ bargain. Tbis country gets IRON The
United States 4 free market Tor sugar. rec ps,a'
m0lzsses. hides. skins, tallow, etc. l ueed not NJ.
President, occupy the time Of this house detailing the
great aad lasting benefts this eouItry viii derive ey
the privilege Of a free maIks, for IL produce ny
colleague. the Minister Of Foreign Affairs, has tnl1y
explained that, on a former occasion.
The question now is, how shall the deficiency De
made up. You will observe by the plan that / have
laid before you, that the Gaveruuent proposes 70 m
crease the tax on real and personal property one hall
OF one per cent. but 60 exempt FROM taxation property
Of each kind 70 the value Of one hundred dollars. 20
deduct $500 from the real aud personal property Of
those who are reasonably well 10 do, Il OF small i'm
portance 70 them, but this amount frotn the valua-
ton Of the poor mans property i TO him considera-
bic, and this exemption will relieve a large number
Of poorer classes from taxes on real and personal
property.
value on real and personal property, viii, with care
ful and intelligent assessment, add 10 our revenues
something like S.0o0.
1t has been said in this house aud elsewhere. that
the planters and plantation interests are only to be
benefited by the treaty This is not the fact, and
will not be the ease. / do admit however than the
planters will be directly benefited, and every Haw-
allan and foreigner within the Kingdom, will be
indirectly benefited II they seek to be so, or / might
say, permit themselves to benefited.
As the plan taiion interest will derive such large
advantages under the treaty. and l mean rice ms well
a. sugar. the government, under the circumstances,
think il reasonable and fair they should specially
contribute in some way towards the revenues, and
therefore propose a scheme of tax or plantation
licenses that might be made TO yield upwards Of
$50, coo and could be collected at no expense.
The matter Of stamps is also worthy Of eonsidera-
ton. As the law now stands. a document 20 be re-
corded IL only the value Of one dollar requires n one
dollar stamp. n document Of SlO0 GOO in value needs
no more. The government are Of the opinion n new
law should be passed which will increase the reve-
nue., and work no hardship TO the people, by adding
"a one dollar stamp 10 every $1,000, OF part thereof,
over $1,000, and also amend, or revise the law In re-
gard to stamps generally.
drugs and medicines is also contemplated. While II
will add something to oar revenue, it will also guard,
protect this kind of business and as a lumber
Of petitions are before the House to increase the eest
OF licenses, l would %eeommepd the House 10 give the
matter the consideration IL deserves, and i see no rea-
son why banking licenses should not be issued.
II is proposed to revive and increase the tariff on
certain articles Of merchandise. While the duties are
to be removed on many of the neeessaries Of life rs
proposed TO increase the duties ON luxuries. The
plan proposed will show a gain to the revenue from
the articles named Of something like S51 900, and
a net gain Of say nearly 500 600 on taxes, duties,
licenses, etc.
H ma w hNANAF VIM 'NNTNtE 49,
have to offer. for wishing TO increase the revenues to
extent. My answer TO that would be this
should the convention of reciprocity go into effect at
an early day, as We all hope II may, we will lose the
duty on imports to the amount Of SOC. 900 at least,
the first year. We cannot put an increased tariff in
operation inside of one year. and if this Assembly de-
to appropriate money TO procure a new steamer,
or aid 10 "A scheme for repOpulation, or other matters.
it will be necessary for the government 10 borrow, TO
M eet such outlays. as well as TO pay the bonds that
become due this fiscal period.
After that, the government are of the opinion that
there would be no further need Of borrowing, but on
the contrary, it would be prepared to meet the in
as it becomes due, provided the plan pre-
pared, or some other one, that will increase the reve-
nue. TO the same extent, were adopted. The plan
if carried out, would furnish revenue SUI
fcient to meet the ordinary expenditures OF the
government, and afford liberal sums TO be expended
in the construction Of roads, bridges and other i'm
provements and repair Of wharves, landings, &c, and
to meet the Indebtedness of the government as IL be-
due, L believe, Mr.. President, in the good old
adage " make hay while the sun shines" The treaty
Of reciprocity is for seven years, and may, or may
not, be continued beyond that time. ] feel certain
this country will have no cause to seek its abrogation.
But, Mr.. President, we must not overlook the fact,
that the United States does not agree TO keep the
present duty on sugar, or any duty at all, and we
have reason for believing n few years will see their
tariff modified, especially so on sugars. 1t may be
many years before that country is in a position TO
owe the duties altogether, but every modification
to some extent lessen the price Of our sugars.
We have no mora right to expect the United States to
keep up a high duty on sugars to continue a treaty
with us, than we have for believing that England
would put on a duty on sugar in order to make a
like treaty with us.
Therefore, Mr.. President, il is our duty 20 the
country to prepare for our future as well as our i'm
wants; let us not object TO a moderate tax,
direct and indirect, that the government bonds and
interest thereon, may be as promptly met in the flu
ture as they have been in the past. The government
Indebtedness at the end of the last fiscal period was
600 with 800, 900 cash on hand, which has in
creased $50, 900 since that time. So, IL the Legisla-
ture does not choose TO enter into any extraordinary
awuandffura auch n q DnFoha sir A gfaamQr. rQnOnula-
ton, etc., the government need not borrow another
dollar, and will be prepared to meet the 100000 Of
bonds coming due this fiscal period, and every other
bond and interest as it may become due. This can
not be done, however, without an increase In our
revenues. The plan proposed is u reasonable one,
if adopted, we need have no fears for the future.
PLAN
For s,u,, he .defciencU an The rereHues Of the