The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-08-28


formed good service for this country
They had cost Mr.. Pearre $500 900 each
and when they were sold by him they Ia,
repaid themselves. The trade was there
fore profitable.
His Excellencv Mr.. Creighton, in reply
to Mr. Castle, denied that the Government
were actuated by the motives attributed Il
them. The Government were in favor q
free trade That was the point he made
They desired to have no restrictions OF
commerce, while Mr.. Castle wanted TO put
shackles on it. This was the difference be
! tween them. Regarding the Hon. Mr.
! CIeghorn's remarks about the Australian
| steamships il was a fact they could not
have been run without subsidy Their
! profits were not in trade. They always
! came up empty TO Honolulu. where they
! got little freight and passengers, but if it
| had not been for the very large subsidies
| paid by New South Wales and New Yea
! land they would not have made any
money. He objected TO the amendment,
because it might be imperative. They
could not compel the steamship company
TO accept freight upon the terms pre-
: y
not be passed which could not be enforced.
They had had an example of that in the
case of the Pacific Mail Company, which
passed Honolulu to coerce the Government
into paying SUBSIDY.
Mr. Castle-Yes, she passed this port
and was seven days behind time in Sydney
The amendment reducing the freight TO
80 cents was put and carried.
Mr.. Castle moved an amendment which
was put and lost.
Mr.. Thurston moved to insert after the
word month" the following: Nor unless
the sailing days shall be at least ten days
apart"
The amendment carried and the section
passed a. amended.
Sections , and were passed without
amendment, and the bill passed to engross-
ment and will be read a third time on Tues
day.
NATIONAL LOAN BILL.
On suspension of the rules the National
Loan bill was read a second time by its
title
Mr.. Kaulukou moved it pass to engross-
ment.
Hon. Mr.. Cleghorn said he was a mem
Der of the committee, and with regard to
the bill the committee had not really dis
cussed the matter. The bill was intro
duced early in the session, and there had
been many reasons to prevent the COM
mittee meeting. The Cabinet had an
nounced they did not intend to make any
loan. 1t very'much surprised him, as he
did not see how they could get along with
out loan. A meeting of the committee
was held on Thursday morning at 8 80
o'clock, and it was agreed to refer the bill
back without any recommendations. He
was not opposed to a loan. If needed and
judiciously made, it would be benefit to
the country. Itdepended how it was to be
applied. The Minister of the Interior had
said he was in favor of a loan, and then
changed his mind. He did not blame
him. He made a mistake when he said
they did not want it. He did not believe
in stopping immigration. There was an
old saying that "a wise man changes his
mind fool never" In the first place,
section 1 says, 1.-The Minister of Finance is
authorized to issue bonds of a denomina-
ton of not less than $500" They ought to
have bonds from $50 to $1,000. In the
Australian Colonies, France and other coun-
tries the money is taken up by their own
people in small sums. A great many per
sons who save money could take bonds at
$50, but they could not at $500 The
strength of a country is in having money
borrowed from its own people, and not
outsiders. 1t would be much better for
country to be owing to a thousand of its
people than one outsider. Section says
''that the Minister of Finance may allow
commission not exceeding five per centum
to any person or syndicate which may ne
gotiate said bonds" That would be
large commission on a small transaction, |
and at this transaction of two millions
would be 100000, or a twentieth
of the whole. He considered one per
cent a full commission, which would
be 500 900. 1t looked as if there was a
"nigger in the fence" They were paying /
liberal rate of interest, per cent, free of |
all taxes He believed a loan absolutely |
necessary, and was in favor of it. The |
Cabinet, through the Minister of Finance /
should present thoroughly digested bill, |
stating what they wanted. a loan is |
wanted for immigration, . roads and !
bridges, etc. The Japanese and Portu-
guese brought here had been of great bene- /
fit. To stop Japanese immigration would !
cause the japanese Government to think |
it was being trificd with, especially as His |
Majesty the King had visited that country |
and a special Envoy had been sent there. |
Everyone would admit the japanese to be
a success. With a little more experience |
with japanese they could get Japanese |
from certain districts in Japan suited to
their requirements. He thought the Gov
deserved more credit for Japa- /
nese immigration than for anything else. /
The japanese in Hamakua want their
wives out, and Mr.. Nakayama had prom
ised them they should come. How were
they to get them if immigration was
stopped? He thought the Japanese could /
be brought here at = less cost. For a man .
and woman it ought not to cost more than
800. He would like To see the Japanese /
come in their own steamers. The Cabinet /
ought to bring in bill, and state precisely
what they want. This present bill men
tions the Water Works. He approved of .
the Minister of the Interior commencing
work on the Water Works. H had said .
that for $50, 900 all the pipes which had .
been lying idle 50 long would be laid and /