The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1889-04-20
THE BISHOP ESTATE.
Third Annual Account Of the Tru-tees-
4 Large Balance to Next Account.

Third Annual Account Of the Trustees
4 Large Balance to Next Account.
In the Supreme Court at chambers
before Chief Justice Judd, on Friday
April 18th, Hon ;. NJ. Damon, OF tht
Trustees OF Estate Of Mrs. s. 2. Bishop
! deceased, appeared, and there were pre-
scented the Trustees third annual &C
count, being for the year 1888, and Mr.
+ j II. Reist, the Masters, report thereon
/ The Court after an examination ordered
/ the account allowed, the Masters report
confirmed, and that the Masters fee oi
/ $50 be allowed also said the Trustees
/ would publish annual inventory a di-
I rected in the Will
In his letter Of submission Of account,
dated January I'd last, Mr. Damon, after
referring to the showing OF receipts OF
$40, S3+ % and disbursements OF $40
1901 says:
The large expense has been tor the
kamehameha School for Boys, TO which
have been added, during the year, d
large dOrmitOry, cottage Tor teachers,
large gymnasium, carpenters shop, and
a great deal OF work has been done on
the grounds. During the year the Trus-
tees have received from Hon. Chas.
Il. Bishop the muniticent gift, for the
School, OF 4 large, fully equipped school
building, with all the necessary out
buildings, and Il large play shed, all TO
be used as = preparatory school This
the Trustees most gratefully accepted,
and it is now in full working order, with
i full complement OF experienced teach
ers and twenty pupils. The school for
older boys has a very efficient corps of
teachers and % pupils, with every
thing working well and giving the Trus
tees satisfaction. The Trustees have
sold during the year one small piece of
land at Lahaina, they have purchased
some small pieces on this island to com
plete boundaries, and have sunk an
artesjan well on the estate property at
Waikiki"
The following figures are taken from
the Masters report upon the accounts
RECEIPTS.
hamehameha School. 1928 80
All other sources. .............. 5,l47 50
Total. ........-....... So, S34 IS
DISBURSEMENTS.
For the Estate generally, excu-
Sive OF the kamehameha
Schools .....---- -.-..-..--.- Sl3,I3l 81
For hamehameha Schools .-..-- 32,4IO =
The foregoing statements show bal !
ance Of SIS, 672 II, adding to which the
previous years balance OF SI31. so makes |
a balance OF IS, S03.73. By a correction /
Of the Master, however, the real balance !
Is made IS, 7S3.O3. The Master in his /
report calls attention 10 the nCn-Observ- +
lnce of provision of the will, directing /
that the Trustees file before the Chief |
Justice annually an inventory Of the pro- /
perry in their hands and how invested. /
and to publish the same in some news /
paper in Honolulu" 1t is to this that /
the Court had reference in the order ap- /
proving the accounts.
The larger items in 'all other sources, " J
from which revenue has been derived, /
are as follows: Sale of Government .
bonds, 50 500; Sales OF land in Lahaina, /
$500; Fisheries, S775.75. J
In disbursements some Of the leading .
items are as follows: Repairs and i'm
DrOvements to three houses belonging to /
Estate make up S841.4 -; the kaiwiula /
road cost S500.85; $4,000 on account of /
the contract for the we'll at Waikiki; real /
estate was purchased dS IOIIOWS. Duliu- |
ing corner Beretania street and Chinese !
Y. NJ. c. A lane, 800; What Cheer 4
House 1925, land at Palama 1858, land /
at KaIihi $659.25, a total Of $I,247.25; /
$6O5.O5; for Kamehameha |
schools-dormitory $777.0I, work and .
shop *1.042.2 20, new carpenter
shop $387.82, blacksmith shop 1892 81, .
teachers cottage, etc, $3,98l.35, water /
works $S07.O6, school grounds $7I0.69, /
roads S643 90. desks and seats $9038}, I
uniforms S926.05, salaries $7.47l.80, !
department S3,067, preparatory .
school expenses 81 ,68S. So, and general /
all schools $597.05.
The foregoing items may serve to give /
a general idea of the magnitude Of the .
trust in question, and the Importance OF /
the charge it has in the Kamehameha /
Schools.