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


Representative C. Brown submitted that the
grant given to Claus Spreckels was not lease,
and should not be classed as sch The document
only conveys the right to use water on certain
lands He disagreed with the opinion offered by the
Attorney General that the lease is valid Motion
to cancel carried.
Representative Dole introduced a resolution re-
questing that the Attorney General give his opiu-
lon on three leases made to w. NJ. Gibson by the
Minister of the Interior, fOf land on lanai num-
bered les, 20 and 279 in the report presented to
the Assembly by the Minister of the Interior, and
to state whether or not the leases are valid under
the law.
Representative Kalua added rs an. amendment
lands on Maui, leased TO Queen Kapiolani.r
Hon. J. /. Dowsett added, LANDS leased to Sam
uel Andrews"
Amendments accepted and motion carried.
AT lbs the order of the day was moved and the
Assembly resolved into Committee of the Whole
Representative Nakeeka in the chair, and pro-
ceeded to consider the bill presented by Hon. p.
Isenberg relating to the establishment Of National
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.
At 1925 the Committee took recess until 1s30.
AFTERNOON.
The consideration of the bill to provide for the
Incorporation of National Banks was resumed.
Representative.
Sections from ), to section II were passed with
out change.
Section IL provides FOR the publication of
banks semi-annual statement, in the English and
Hawaiian languages, in at least one weekly and
one daily newspaper published in Honolulu.
Hon b. A. Widemaun amended so that the pub
lication should be three times in one weekly and
one week in one daily newspaper.
Section l6 was then read: The Minister of the
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 TO name in this connection was the Registrar
of Public Accounts
Section q, 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 by inserting in the fourth
paragraph, after the words special general meet
ing" the words ''of the stockholders" and in the
sixth paragraph by substituting the word stock
holders" for the word members
Section &c, 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 TO
authorize the bank to undertake, engage in, or
carry on any such business as last aboYemen-
toned
The reading of the bill having been concluded
the Committee rose, and reported recommending
the passage of the bill, with the amendments.
Report approved, and the bill ordered to third
reading on the 9th 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.