The Hawaiian gazette., 1888-10-02

In the matter oil the LunalllO ESIdte-
Before their Honors Chief Justice Judd,
Justices McCully, Bickerton and Dole.
Hearing on the Trustees Annual Account
for the wear ending July 81, 1888. Hon.
W.O. Smith, managing trustee, and Mr..
We. II. Deverill, manager OF the Luz
nalilo Home, were present. Mr.. Smith
presented a report, together with the
pbvsician's and managers reports.
After the reading of the same and the
notifications made by the Master, Mr..
Henry Smith, the Court approved the
account and confirmed the Trustees
Report. We publish below the different
Reports:
TRUSTEES REPORT.
To the Honorable Justices OF the Su-
preme Court.
| present herewith the annual state
ment of accounts of the Trustees under
the Will of w. C. Lunalilo, for the year
ending July 81, 1888.
The accounts are scheduled as follows:
SCHEDULE A showing in detail the
receipts for the year.
SCHEDULE B showing the disburse-
ments, with the number OF the vouchers
noted opposite each item.
SCHEDULE c a summary OF receipts
and disbursements.
SCHEDULE d showing the various sums
invested on securities.
Accompanying these accounts are the
vouchers.
The reports of the manager OF the
Home, Mr.. W. 4. Ii. Deverill, and of
the Physician, DR.. John Brodie, are
also submitted herewith:
The accounts show total expen-
diture for the year OH SIG, S32. 50
And revenue for the year of .... ll,623.09
Making deficiency of IS 5,209.79
The expenditures are classified
and show( what might be termed)
the current expenses OF the
Home to be. -, -, SlI'oZI.fo
Repairs. .......... -...-. .Sl,6Il.ZZF
Permanent Improyem 579.43
Furniture. .--- ....... 200.S0$ 2,451.45
Total expense of Home $14 ,073 q
The last three items amounting to
81, 45l .45) should not be considered as
running expense for the year; for the
expenditures were of a more permanent
character and will be enjoyed hereafter
as we'll The items amounting to SILL
621.76 were for things which were con-
sumed With the using.
The remaing items explain themselves,
excepting the items Tor Queen street
Warehouse" The occasion for this item
is as follows: $4,000 was loaned several
years ago to Mr.. A. +. Cooke upon
security of Lease of a parcel of Gov
eminent land on Queen street, in Homo
lulu, and stone warehouse thereon.
Mr.. Cooke became insolvent and, after
vain efforts to dispose of the security,
the mortgage was foreclosed. The
amount of principal and interest due at
the date of the sale was about 81 900.
The highest bid offered by third parties
was So, 100, and the Trustees bid S., 200
and took the property. The lease has
about Is years to run, with an annual
rental to the Government Of $3.50. The
Trustees have rented the property for
S125 per month, and an account with
Queen street Warehouse has been
opened in the books.
The Trustees propose to credit Bills
Receivable and Interest accounts with
the amounts respectively due upon them
on the account of the investment, and
charge the same to Queen street Ware
house" account. But thus far this
Queen street Warehouse account only
shows the cash amounts paid out and
received between the date of the fore
closure and July 3lst.
The items under the head of Mauso-
leum lKawaiahao) are for the care of the
Mausoleum of His late Majesty Lunalilo.
The Trustees found that the premises
had been much neglected, and in order
to give it proper attention they assumed
the care of it. The annual expense is
$3.50 salary of the keeper. During the
past year an unusual expense OF $304.6S
was incurred in repairing the mausoleum
building, and repairing and painting the
iron fence which encloses the lot. The
premises are now in good repair and
condition.
The item of 81, 67l %, for repairs at
the Home, is large. Extensive repairs
became necessary upon the cutters OF
the main building, and upon the tower.
It is hoped that this item of expense
will be much less during the coming
year.
The item of Legal Expenses, $539, is
made up of expenses incurred in a suit
with the Waihee Sugar Company to
recover certain land at Waihee, Maui,
and expenses for stamping and record
ing mortgages, discharglng mortgages
and similar expenses. The item Of Mis-
cellaneous Expenses, is for surveys,
Office expenses and kindred items. which
could not properly be charged to other
accounts.
LUNAIILO HOME.
The institution is in good condition,
and is filled almost to its full capacity,
with inmates. There were 46 inmates
July 3lst, while 30 is the utmost number
that can be accommodated The aver
age for the year has been 1880 The
average for year ending July 81, 1887,
was -.
During the past year we have added
two water-closets, each having four COM
partments and urinal. Besides these,
two large cement bathtubs have been
built.
The expenses of the institution are too
great in view of the present income.
Were it not for the prospect of being
able very shortly to sell the Waihee
land, the Trustees would make some
decided changes in the expenditures.
Rt,t +b;S lor1 mill ,,roboblx raoliSa NOT