The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-07-23

cier, and he would like to hear his view
on the question.
His EXceIlencv M Creighton said tina
II the early part OF the discussion he ha,
intended making some remarks. but h
preferred to listen TO the discussion. As h
was learning something
/ The motion Ia strike out the word
credits. dues" was PUT and carried
The section passed as amended
The Secretary theu read section 3. as FOL
! lows.
Section 3. That section l. Of said Act b,
and the same j. hereby amended so as t
read as follows.
Section Il. All fire, marine and life in
surance companies carrying on business il
this Kingdom shall pay for and in respect
of every one hundred dollars received bv
such companies, or their agents. respect
lively, for premiums during the year pre-
. cedIng the assessment. the sum OF two dol
lars; and such companies shall not be
charged with any other taxes OF dutie,
under this Act"
Hon. Mr.. Bishop said that a few years
ago very little property was insured in the
Kingdom; but lately the business had
grown. This business OF insurance has
not been profitable to the companies. The
representatives of these companies abroad
say that insurance had been taken at a
lower rate than it ought to have been.
This tax OF one per cent on receipts had not
been charged to the insured But it prob
ably would be if two per cent were
charged.
Mr.. HaySelden said he was not surprised
at the honorable Noble taking the part of
the insurance companies. The latter made
a great deal Of money, between two and
three hundred thousand dollars IN hard
money going out of the country every
year. These companies do not pay any
tax as Understands, they pay no license
Liquor dealers pay licenses from $500 to
$1,000. Cinnamon or natives carrying on
a thousand dollar business pay a license of
$50. These companies ought to contribute
toward the revenue of the Kingdom A
law passed in 1882 was supposed TO fix
tax OF one per cent, but owing to some
technicahty the companies avoided it.
The least they can do is to pay two per
cent on their gross receipts.
Mr., KaulukOu moved to amend the sec
ton by inserting the words providing,
however, when it Is domestic company
they shall only pay one per cent"
Mr.. Castle moved that after the word
alp there be inserted foreign" so as to
make the section read 'All foreign fire,
marine and life insurance companies, etc"
Mr.. Thurston was in favor of the section,
b1lt no Objected r., ho II IL,
had referred to the Hon. Noble Bishops
connection with insurance companies. He
did not like this way of insinuation and it
was in accordance with the ADVERTISERS
usual method. This was a miserable, half
baked bill. When there was anything
good in a section, as in the present one, he
would support it, but when a section like
number one was presented, he would do
his best to defeat it.
Hon. Mr.. Bishop said that as his name
had been referred to in this matter, he
represented had paid their taxes on insur-
ance business, according to Mr. Haysel-
den's construction of the law.
Mr.. Hayselden said he had not the least
to indulge in personalities. If
the companies had to pay a license the
Government would derive more benefit.
The amendment offered by Mr. Castle
was agreed to, and the section passed as
amended.
Mr.. Hayselden moved the committee
rise and report progress and ask leave to
sit again on Saturday. Agreed to.
On the House resuming, the Chairman
progress.
The report of the committee was adopted. |
COMMITTEE MEETINGS.
The following notices of meetings were !
given: Fire Limit Committee, Roads and |
Bridges Committee and Agricultural Com
mittee, at a. m. Friday.
At 4:35 the House adjourned to 10 !
} o'clock Friday morning