The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1893-07-07

Current Account, balances 4O,O66 OF
Total Treasury Balance,
above date. ............S 4O,O66 w
5 100,5 $50 81
Outstanding Bonds. s., $40, 800 90
Treasury and 2. NJ. CT.
Notes. 10000 90
Due Postal Savings Bank, SCOOPS 40
S3,279, S26 40
Net Indebtedness.......... -. 50, 279, S26 40
EXPLANATORY.
(This amount of S149, 146.2S
was paid from General
Revenue in the Treasury
to carry or public inn
provements under Sec
ton 2 to date, and all re-
ceipts from sale of bonds
under loan act of 1898
pass into GeneralCash as
offsets until this debt is
cancelled) ............... IS 149, 146 %
Less bonds Act of 1893
sold to date $4,000 90
s 81, lac %
Amount due from p. s.
bank for advances from
general revenue to cover
excess of Withdrawals
over receipts. 3I,o2l 80
Amount due General
Treasury this date from
Loan Act. .........S IZoJooi OF
Postal Savings bank memo:
Due depositors, p. S. bank
this date...... -........S 0oO,OZo 4o
Notices this date of with
drawais maturing in
June, July, August and
September-.......... oz,'l w
Cash on hand, z. >. bank,
this date........- l'Jlfz on
Expenses, Prov. Govt. memo:
Exps. Prov. Govt. to dates 1914 SO
(This amount covers all
expenses, including mill
tary and items not appro-
prated by the last Legis-
lature.)
Memo, cash in Treasury:
Outstanding Certificates. 100000 90
Cash in Treasury to re-
deem certificates. ..-.....S 263,OOO OO
Certificates withdrawn
from circulation and de-
posted for safe keeping $1,000 w
Road Board fund in Treas
ury Zo,llo 10
School Board fund in
Treasury....:.. 70 on 10
Available cash, as above. 40,066 OF
Total cash in Treasury. 327, OPS 90
Finance Department., Honolulu,
July 5, 1898.
Some time since, Minister Damon
stated, he had submitted a statement
showing that the government was
self-sustaiping under present condl-
tons; he now proposed to show how,
without increased taxation, the
country would be self sustaining In
the event of annexation to the United
States, which would cut off the rev.
enues now derived from the custom
house and pest Office. He also wished
to point out that under the weekly
statement it was to be seen that dur
ing the present month there had
been an absolute gain of about
$4,000, which it was the intention of
the finance department to convert
into a reserve fund for the future.
The statement referred to was as
follows:
Estimated yearly loss and gain, TAX
ing an average for the past fifteen
wears on Custom House, and five
years Post Office and payments,
and the yearly receipts on other
items of revenue, to show the posi-
ton of the Treasury, in the event
of the United States taking over the
Custom House and Post Office. How
shall this loss be made good without
increased taxation?
LOSS.
The average receipts from
the Custom House for fif-
teen Q5) years have been
per annum........ ACKNOWLEDGEMENT W.
The average receipts from
the Post Office for the past
five 81 years have BEEN. oo,''O 40
$3.50, 800 76
Conservative estimate OF
gain per annum by carry
ing out the above.--.....-. 41,oS3 DO
S622,514 81
GAIN.
Custom House expenses
paid by the United StatesS 46,901 81
bv the United States. 1854 49
ent re- rental................f...... $4,000 90
A military QXDondl-
lures for five 81 years. 31,917 90
Civil List. ...... ......... 35,433 90 |