The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1884-07-30

4
Representative c. Brown submitted that the
\ Erant given to Claus Spreckels was not lease,
and should not be Chased as sRh. The document
only conveys the right 10 use water on certain
lands He disagreed with the opinion offered by the
Attorney General that the lease Is valid. Motion
Representative Dole introduced resolution re-
questins that the Attorney General give his opin-
ION on three leases made TO W. NJ. Gibson by the
Minister Of the Interior. (of land on lanai num-
bered los 20 and 27g in the report presented to
the Assembly by the Minister of the Interior, and
to state whether not the leases are valid under
the law.
Representative Kaiua added as an amendment,
lands on Maui. leased to Queen Kapiolani~
Hon. J. l. Dowseti added, LANDS leased to Sam
uel Andrews
Amendments accepted and motion carried.
At lls5 the order OF the day was moved and the
Assembly resolved into Committee of the whole,
Representative Nakeleka in the chair, and pro
ceeded 70 consider the bill presented by Hon. T.
Banks, and also the bill on the same subject
offered by the Ministers.
After some little discussion the first and second
sections Of the bill were passed.
Al l2:25 the Committee took recess until lao.
AFTERNOON.
The consideration Of ~ bill TO provide for the
Incorporation Of National Ranks was resumed
Representative.
SECTIONS from 4 to section Il were passed with
section II provides for the publication of a
banks semi-annual statement, in the English and
Hawaiian languages, in at least one weekly and
one daily newspaper Published in Honolulu.
Hon II. A. Millennium amended so that the pub
hcatinn should be three times IN one weekly, and
one week in one daiiy newspaper.
Section l6 Was then read: The Minister OF tie
Interior and the Auditor-General Of the King
dom shall, not less than two, nor more than four
times in each year, make an examination into all
the affairs Of any corporation formed under this
Act, etc.
Representative Smith said that the proper Of
hcer 10 name in this connection was the Registrar
Of Public Accounts
Section -, which requires the accounts of banks
TO be examined by Auditors once at least in every
year, was changed SO as to read twice at least
in every year. Also 10y inserting in the fourth
paragraph, after the words special general meet
ing" the words ''of the Stockholders" and in the
sifth paragraph by substituting the word stock
holders for the word members
Section y, which relates TO the powers granted,
was amended by the following addition. "A cor
poration shall not undertake or be employed in
any commercial, agricultural, manufacturing or
common carrier business and its right TO hold and
dispose Of property acquired from securities, or
in payment of debts, shall not be construed 10
authorize the bank to undertake, engage in, or
toned
The reading of the bill having been concluded
the Committee ruse. and reported recommending
the passage Of the bill, with the amendments.
Report approved, and the bill ordered 10 third
reading on the 18th inst.
On motion of Representative Smith, the Min
isterial bill was indefinitely postponed.
At O'Clock the Assembly adjourned till 10
O'Clock am. on the MORROW.