Saturday press. [volume] (Honolulu, H.I.) 1880-1885, 1883-04-21
ainS ef gold ant ui;yy com and tuition ipi
fcrttd aHa e.rtoytfd si1cf t,raty.
I AiaN
YEARLY average

YEARLY average. ....,................ r7s,9oi
But how account for the fact that in the
fiscal year 1882 taking the year in which the
balance Of trade against this country is appar.
emily the largestl Hawaii sent the United
States s., 6,I, 900 worth Of her products, and
the United States returned S5,272,I7s in
goods, SIo2,4o9 Of coin, and less than 81 900,
coo OF bills Of exchange on foreign countries ?
II these were all the figures it certainly would
not be matter for complaint that Americans
should buy for about S4,45o,ooo worth of
merchandise. coin and bills OF exchange, goods
valued at S7,61I, 900 No trader or merchant
would object to exchanging something worth
I s. for something worth s..
| We must 60 below the surface to explain
this apparent discrepancy, and here h,ft
points are to be noted OF great importance:
/ |. That the treaty has opened field for
the profitable investment of American capital.
H. That a large amount OF American
money has been loaned in Hawaii.
III. That all the carrying trade, commits
sion business, insurance, etc, is done by Ameri-
cans.
The returns of these investments, the interest
on these loans, and the sums necessary to
| liquidaie them, and whatever is paid for
freights, commissions, etc, are paid by rice,
sugar, etc, shipped to san Francisco The
/
and SwellS what is called the exaggerated
balance of trade in favor of Hawaii; but the
money got from their sale is paid into the
hands OF the people OF California, Boston and
New York, who have invested, loaned, or are
running ships there, and is used by them and
not by HawaiianS. Tha, is to say, Sl,25I,-
o7S worth OF sugar, rice, etc, the difference
between the value of our exports lcoin and
merchandisel and that OF the Hawaiian i'm.
ports, was paid TO Americans OF expended in
bills Of exchange on London, Paris, OF Austria.
liza. The amount Of bills so bought was, in
1892, about So5S,ooo, (being the amount paid
for goods bought in countries other than the
United Staes, for as nearly all Hawaiian pro-
ducts are sent to America, Hawaiians can only
pay this indebtedness elsewhere by bills of ex-
change drawn upon foreign countries, and
Hawaiian importations from countries other
than America must give US the exact amount
of such bills. So that Of the S., 62I 900
worth OF Hawaiian products something over
S5,25I,673 NUT have gone into American
pockets, being the returns received upon their
investments, loans, shipping, agency and
other commercial business. For it can be
accounted for in no other way.
PROFITS OF AMERICANS IN THE ISLAND BusI.
MSS.
The profits OF Americans in this Island pusi.
ness are very great. Estimates have been
made with care OF the amount Of capital in.
vested in sugar plantations by Americans living
in the States OF what has been loaned in Ha-
waii and invested in shipping. These invest
ments amounted to about SI5,ooo,ooo. or
this So, 10000 is in ships and wharyes
s., 3oo, 600 in loans, and about SIS, 600, 600 in
plantations. The average return on plan,a-
ton investments was, in 1852, ia's per cent.
This would amount, on IS, 10000, to
100000. The rate OF interest on loans is
10 per cent? on s., 10000, therefore, $3.50,
600. The pnce paid for commissions, ireights,
insurance, handling OF goods in port, comes TO
roods m nn ~. e., ~ -. oN'ue ~ a.,
esports and imno,ts bandled n ,ss, ,sar,d
amount to 81, 10000. The approximate cor.
reciness Of this las, estimate can be shown in
another way. The returns on capital invested
in the shipping business are about 20 Der cent.
On 81, 200, 600 the profits would be S6.o. GOO.
The commissions are ~ per cent. hi, on
sii,oo'ooo worth Of exports and imports
would DC $4,000, which gives S. ,A6s, 600
~, ~. ...' Aiu Issn>, leaving SaeS,'
tanning o' sooss ~ port
49, s s' s's'e'o's, ~ o,e' S3'ooo,opoA
imIoris 40 Iii oorn,,, ,sr.,'d 49,. 20 W
Hawaii. a. ,hr, mus, IL =, A. 80, ~. IL.
,iians can pay Their debts, and IN order that
americans can get returns on their capital
l Inc principle o. The American trade with the
lana's imports every year greatly exceed M,
exports, Ibeiicye generally TO he amount OF