The Hawaiian gazette., 1876-06-28
REPORT
FINANCE COM MITTEE.
r HON g.. RHODES
P-a..asaf ri Leq,,tat.r, Iseaa5ly.

ill., hon. g. RHODES
President ri Legislature Issaa5l.
Yor committee on Finance to whom was referred the
EliaI Report OF His Exccllency the Minister Finance
and who are required under Rule - ofthe Assembly to com
7c re expenditure of the public money, with the appro
Taou> beg leave to report that they have had all these
under careful consideration. They have made
-d1h examination of the books accounts and vouchers
e several departments of the Government and have also
examined the cash balance reported being the Treasury
I-t Of March last, and they report, having found the var
in order and all properly attested by vouchers,
showing clearly the amounts expended under their several
rrpaons The report of the Minister OF Finance agrees
with t-e accounts and correctly the receipts and
expenditures the Biennial Period ending March 81 1876.
TIE cash balance your Committee also find correctly reported
The report of the Minister shows that the receipts the
Treasury from all sources have been S1OOS So but of this
there has been derived from extraordinary
VIZ.
And from saes Of Real Estate $3.50 81
Making a total of SI6s $50 p
Which, deducted from the above OOS 19l So would
S the revenue for the two years from the
ordinary and receipts of the country. The expenses
have been Sql 500 % thus showing of expeudi-
ture- over the ordinary revenue of S75025 %.
Tie cash balance in the Treasury Sst March 1874 was
which, upon this statement alone would show net gain for
the last TWO years sssS45 u; but the above statement of
excess OF expenditures clearly shows that this large balance
ID hand simply borrowed money, and way index
of a fourishing condition of our finances.
There has been expended for Improvement of the public
property, according the Report, the following sums:
Eor FgroOf Warehouses the Esplanade SIS 9l5 S
F5r wharf and Extension Of Market . S599 Il
Improvements Of the present Palace Grounds 1921 81
Making a total Oh. ..-.....s 7e,9Si ~
ID reviewing this statement, your Committee
6y that the above represents improvements which
ve added permanent value to the public property and
Thereby enhanced the worth Of said property, the contrary
trey believe that the larger part of this expenditure has been
such may properly be called expense They are
~ opinions that the item for Warehouses for Wharf and
Extension of Fish Market and purchase of Sumner Lot
amounting In all TO S31O44 ., embraces all Of the above
expenditure of S769Sl 49, which has been added the per
.lll- and remuneratiye value OF the public property
However much Improvement may have been effected the
la, Grounds say that II Is remunertve prop
l-rvs tat the improvements of such
5kc-y reappear again. in shape other,
matter expenditure with the single exception the puI-
chase Of the Sumner Lot To-day, wooden building
ee renewing repairs; and tomorrow, another SO also
-he expenditure upon Government Buildings which has
been for plumbing painting &c, articles of furniture, fittings
casetl those
mems and extensions which certainly reeurng-and
g1ule which. the sum Of $4,000 is asked for for the
present biennial period While therefore the public prop
cry has been enhanced in value by the large sums
expended upon IT, beyond the received for sales of
the and the of current expense has been largely
Of ordinary revenue your Committee speak
yt approval of borrowing large of money high
II in advance of the needs of the Treasury as
shown by the large balance of cash in hand SS9599 40 1t
las -c effect not only Of paving considerable public
money unnecessarily for interest but likewise of rendering
difficult for private persons whoneed to borrow do So
Committee have examined carefully the vouchers and
81 the expenditure for Improvements the present
Palace grounds The appropriation for this item was S15OOO
tc expenditure has been SS6911S1 excess of s21 911S1
win q has been derived from other appropriations These
improvements and alterations such certainly were not
contemplated by the Assembly, and the executive making
chem have been obliged to resort transfers much
eal reasonable of this power changing the appro-
gou> granted 10 them in the 9Th clause of the Appropra
i0l Bill
Committee do consider all the money used for
these improvements aud changes representing real pro-
perry There has been expended upon the wall around the
grounds about $4,000 and for the purchase of the Sumner
Ia SOFT The remainder of the $50 91lSl in work upon
e grounds and in making attentions changes and improve
-nei> small wooden structures which do represent
arr permanent value to the community.
We likewise find charged the of S149650 for furn
ur - 500 carriage items which now appear for the
public account. Your Committee may perhaps