The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1889-09-18

To the Honorables the Justices OF the
Supreme Court:
By an order of reference made by Mr..
Justice Preston on the 10th of August,
have the honor of submitting to this
honorable Court, a report OF my exam
ination of the Trustees account for the
wear commencing August /, 1888, and
ending July 81, 1889.
Besides the usual schedules showing
their receipts and expenditures for the
wear, the Trustees have also filed sum-
married. statement of the whole account
which is of great assistance to the master
especially in large estate as this one is
| involving great number of items on
| the two sides of account.
The Trustees vouchers number in all
3O4. These compared with the items OF
expenditure are verified by the master
and with only single exception, found
correct.
The exception is in item 212 where
the estate is charged with 1927, but by
the bill the Trustees have paid 1927 80
a loss of fifty cents to the Trustees.
The total of receipts for the year, in
| Guiding the sum of $5,802.3 as balance
from the previous account, is SOL $40. Al /:
which the Trustees charge themselves
with and their payments amount to
| $43, 1926 96; the balance reported as cash
on hand July 81, 1889, is $S,6l4.5l.
For a classification OF the Trustees
receipts and payments, [ would refer
your Honors to the summarized state
ment which accompanies the account.
The Trustees charge for commissions
is upon the SUN of SIS, 1928, as the
total of income received during the year
Upon this matter have to report that
the charge is upon the same basis as
was heretofore in vogue and practiced in
this as we'll as in other estates, that is tC
say the charge is based upon the re-
ceipts only, instead of upon the receipts
and payments.
Without saying anything about re-
ceipts and payments on account of the
investments, l find the sum of $13 ,343. 2t
to have been the actual amount o
moneys received and paid. The differ
ence between the total income received
($15, 1852 .83) and the actual amount paid
$l3 ,343 &c, is the sum of 81, 409.57.
find overcharged for commissions the
sum of $120.47.
If, however, the Trustees are entitled
to compensation for managing the loa1
funds of the estate, [ will report thai
during the year the Trustees have re
ceived $50, 204.S9 and paid 500, 1920 OF
account of the principal or loans.
Included in the Trustees expenditure
is payment of twenty-five cents or
July Is, 1889, for "oath to tax return
Waikiki, Maui" Although a small
matter, have called attention to i
merely to show that the tax law of 1873
Chapter 43 section 36) prohibits the re
warding or payment of fee for the tax
ing of oaths to tax returns.
AS to item 27l $3.50 for water rate OF
the Macy premises paid July 6, 1889,
think it an oversight to have charged i
to "runli lg expens e" as all other m
pertaining to the Macy premises are en-
tered as 'profit and loss"
There appears to have been the sun
of $27.28 paid on December IS, 1888
under protest for cash in bank. VIVA
the result of this protest is, is not shown
IN the Trustees present account.
The Trustees report a discrepancy be
tween the list of securities of last year a
compared with the present list now FLEE
which is claimed to be the correct one
The Trustees have requested the maste
) to make the comparison for the purpos
of finding out wherein the discrepanc
lies. regret TO report my 1naDll1Cy L
do so, owing to the limited time at m
disposal. 1t may be that the discrep
ancy goes further back than last year.
think it safe to grant that with tn
} present improved method OF keeping tn
Trustees accounts, the present list G
the securities is as claimed, and that tn
discrepancy has occurred some tim
back.
Reference is hereby made to vacanc
on the Board of Trustees owing to tn
death of the late VIM. G. Parke, which
occurred May 20, 1889.
Mr.. w. E. H. Deverill having re
signed the management of the Lunalilt
Home, Mrs. M. j. Forbes is reported t.
have accepted the position at an annua
salary of $500. Mrs. Forbes has put in
report of her management of the Luna
lilo Home since the resignation of Mr.
Deverill.
For further information regarding thu
Trustees doings of the past year l be,
leave to refer your Honors to perusa
of the report filed by VIM. 0. Smith
one of the Trustees as we'll as to the re
port of the manager of the Lunalilt
Home. This report is respectfully sub
mitted, HENRY SMITH,
Honolulu, Sept. 4, 1889. Master.
Managers Report.
My appointment as Manager of thu