The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1892-08-19
THE LEGISLATURE
Sixty-Eiebth Day.
THURSDAY, August

The House met at 10 A. II.
STANDING COMMITTEES.
Minister Spencer reported that 1t
had pleased Her Majesty TO sign the
bill making a further appropriation
\ for the expenses Of the Legislature.
Noble Baldwin presented a report
Of the Finance Committee.
Hon. J. s. WALKER. President Of the
Legislative Assembly.
SIR: Your Committee on Finance. TO
whom was referred Sections Z2 A, 20, q,
e and 20, Of an Act entitled Gan Act to
amend and consolidate the Laws relat-
ing TO the Hawaiian Postal Savings
Bank, #" beg leave 10 report that we have
had the above Sections under careful
consideration.
Section % A provides that Bonds sur
rendered to the Treasury by the Post
master-General for cancellation, may be
re-issued or disposed Of again by the
Minister Of Finance, as prescribed by
Section u Of the Act.
Your Committee see no necessity Of
this Section, and recommend that 1t be
stricken out.
We recommend that Sections 20, u,
IS and - be embodied in separate Bill
which we herewith present.
The only changes We have made are
that the Minister Of Finance shall offer
the Treasury notes" at public tender,
giving ten days notice, and we have
stricken out Section 20, authorizing the
Minister of Finance to "pledge the re-
ceipts from the Honolulu Water Works
and Government rents as security for the
payment of snch Treasury notes."
We would recommend that the "Treas-
ury notes" provided for in this Act, be
sat rate not exceeding s per cent. per
annum."
Your Committee would further recon-
mend that Section IL Of the Postal Saw
ings Bank be amended SO that the Min
lister Of Finance be authorized, If neces-
sary, TO increase the interest on deposits,
and that the first part Of Section ii read
as follows: Section IL. The rate OF inter
est payable on deposits made under this
Act shall not exceed six per cent. per
annum on deposits amounting TO $500
and under in any one account, and shall
not exceed five per cent. per annum on
all amounts exceeding five hundred dol
lars $4,000 in any one account, but no
interest shall be paid upon deposits ex-
ceeding at any one time Two thousand
five hundred dollars ($2, 500 in any one
account, and no interest shall be paid on
any deposits made after Sept. Both, 1892,
exceeding Five hundred dollars in any
one account"
Respectfully submitted,
II. p. BALDWIN,
L. A. THURsToS,
j. A. AKIEA,
T.. &. MACFARLAEE.
Rep. Koahou presented the minor
ity report of the Finance Committee
on the bills to abolish the tax asses
sors-in-chief and deputies. The report
favors the passage of both bills.
Laid on the table with the majority
report and bills.
SPECIAL COMMITTEES.
Noble Horner, for the Committee.
on Ways and Means, recommended
that the item for expenses of election
read: Expenses of election, $4,000;
also that new item be inserted as
follows: Unpaid bills Of last election
$9617; also as follows: The committee
report, on the Custom House boat,
that they have inspected it and re
commend the item pass at $1,000 in
stead of $1,000.
Laid on the table with the Appro-
priation bill.
Rep. Smith reported for the Special
Committee on the item for the Queens
Hospital. The committee find that
the hospital is in excellent condition
IAt. ftnl Snly J.,
only objection being the dissatisfac-
resignation has already been accepted,
and whose place is to be filled, as the
committee are assured, by another
appointee.
Laid on the table with the Appro-
priation bill.
Rep. Nawahi, under suspension of
the rules, presented a petition that
Mr.. More be retained as superintend-
ent of the Volcano Road. Referred
TO the Minister OF the Interior.
At l0:48 Am. the House proceeded
to the
ORDER OF THE DAY.
The special order of the day was the
consideration of Bill IS, the Hawaiian
Banking Act, in Committee of the
Whole, Rep. K. w. Wilcox in the
chair.
The report of the Special Committee
was read. 1t makes no recommends
ton either of rejection or adoption.
Noble Cornwell moved the bill be
considered section by section.
Rep. Nawahi moved the commit
tees report be adopted. 1t was very
good report, as it recommended no.
Thing. but gave the House nernissinn