The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1895-07-11

ID a nXed Seml-annual cash pay
ment or subsidy for stated Period;
or,
(2) \ guarantee by the Republic of
a payment of the principal or interest
or both, of a stated amount of the
bonds of any person or company con-
structing or operating such cable or
cables; or,
~ A subsidy by issuing to the
party or parties indicated in such con-
tract a stated amount of the bonds of
the Republic bearing interest at the
rate and payable at the time or times
therein stated; or,
a. a subscription to the stock of
any corporation or corporations form
ed for the purpose of constructing and
operating any such cable or cables;
or,
(5) A guarantee of a certain amount
of income per annum; or,
(6) The participation by this Gov
ernment with other governments in
the joint construction and ownership
of any such cable;
Cd A combination of any two or
more of the methods herein before
mentioned, or other proper method
not herein enumerated.
Sec. 4. Such contract or contracts
shall also contain such provisions as
to the President and Cabinet shall
seem necessary or proper for the pro-
lection of the interests of the Repub-
lie in and concerning the use and
maintenance of such cable.
Sec 5. Any contract or contracts
concluded under or by authority of
this Act, involving the payment of
any money, shall be subject to the
ratification and approval by the Leg
islature.
c. q UIbo Dro.;Joot 20 borobv
authorized and empowered to employ
an agent or agents to assist either
within the Republic or in any foreign
country in obtaining full information
concerning the size, weight, compost
tiOn and character of the cable or
cables required for the purposes stated
in this Act, and of the cable repair
ship or ships which may be neces-
sary, and all other information prop
erly incidental to the subject matter
of this Act; and in negotiating any
such contract or contracts.
Sec. Z. For the purpose OF defray-
ing the expenses which may be In
Cured by virtue of this Act, the sum
of ten thousand dollars is hereby
appropriated out of any moneys in
the treasury otherwise unappropri-
ated, which, or so much thereof as
may become necessary shall be eX-f
pended in such manner as may bel
directed by the President. IB
Sec. 8. This Act shall take effect
and become a law from and after the
date of its approval.
The bill passed its first reading, and
on motion will take the usual course.
Mr.. Smith gave notice of his inten-
tiOn to introduce an Act to encourage
agricultural enterprises. The object
of the bill is to exempt certain ma
chinery from all taxes.
Senator Brown read his bill relating
to motions for new trials, appeals, etc.
The same senator gave verbal re-
port for the Judiciary Committee on
the House Joint Resolution regarding
the system of land transfer and regis
tratiOn of deeds The committee be-
mended the Senate to concur.
AttOrney-General Smith moved the
adoption of the resolution calling for
the commission of three, to be ap-
pointed by the President, to examine
the present system of auditing &C
counts, and report to the next Legis-
lature.
The Currency Bill came up for con-
sideration and, with slight amend
ment, passed its second reading 1t
will be read for the third time to-
day.
In speaking of the affairs of his |
office, Minister Damon stated that the |
deposits in the Postal Savings Bank |
for the last twelve months exceeded |
the Withdrawals by 100000. He
mentioned this fact to prove that the |
public had confidence in the Govern
ment.
Attorney General Smith made
suggestion for the sake of economy. |
1t was to the effect that bills should |
not be engrossed until they have been
read three times. The matter was
to the Committee on Joint !
Rules.
Bill No. was referred back to the
Committee.
At 1I:2O O'Clock the Senate ad-
journed till 10 O'Clock Thursday
morning.