The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1888-09-26
THE LUNALILO HOME.
Adjudication Upon Trustees RepOrt--In-
Ueresting Facts and Figures of the
Institution.


In the matter of the LunalilO Estate.
Before their Honors Chief Justice Judd,
Justices McCully, Bickerton and Dole.
Hearing on the Trustees Annual Account
for the year ending July 81, 1888. Hon.
w. o. Smith, managing trustee, and Mr..
w. E. H. Deverill, manager of the Lu-
nalilo Home, were present. Mr.. Smith
presented a report, together with the
physicians and managers reports.
After the reading of the same and the
verifcations 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 SUI
preme Court.
I present herewith the annual state
ment of accounts of the Trustees under
the Will of w. G.. 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 G. 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. +. H Deverill, and of
the Physician, DIR. John Brodie, are
also submitted herewith:
The accounts show total expen-
diture for the year of. .......... SIG, 1872 88
And revenue for the year of. $780,. 11,623O9
Making a deficiency of ..,.$ 5,2O9,79
The expenditures are classified
and shOw( what might be termed)
the current expenses of the
Home TO be. &c.. SlI,bZI. 10
Repairs. 49,, 81 ,671.22
Permanent Improvem'ts 579.43
Furniture. ............... 20O.80$ 2,451 As
Total expense of Home. 800 $14 ,073 81
The last three items amounting to
81, 451 49, 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 $11,-
621.76 were for things which were con-
sumed With the using.
The remaing items explain themselves,
excepting the items for Queen street
Warehouse" The occasion for this item
is as follows: $4,000 was loaned several
years ago to Mr.. A. F. Cooke upon
security of Lease of parcel of Gov
eminent land on Queen street, in Homo
lulu, and a 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 S., 100, and the Trustees bid So, 200
and took the property. The lease has
about Is years to run, with an annual
rental to the Government of $780, The
Trustees have rented the property for
$l25 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 SAINT W queen street w are
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 31st.
The items under the head of Mauso-
leum (Kawaiahao) 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 $304.6 8
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 ,671 %, for repairs at
the Home, is large. Extensive repairs
became necessary upon the cutters of
the main building, and upon the tower.
1t is hoped that this item of expense
will be much less during the coming
year.
The item of Legal Expenses, $3.50. is
made I'D of expenses incurred in a omit