The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1896-02-26
FOR CURRENT EXPENSES.
PLAN To FACILITATE ruE pNE.
ROWING OF MoNly.
Considered by the senate A R.por,-
Land Act Passed -stamps for
House.
FIFTH DAY.

Senate.
Tie Senate resumed its sitting a
10 o'clock this morning. Senator
Kauhane of Hawaii was present fol
the first time.
Senator McCandless reported a
petition from DR.. Rodgers for baci;
pay as secretary of the Labor Com.
mission. He asked for the sum OF
$3.50, two months salary. Refer.
red to Finance Committee.
For the Committee on Finance
Senator Warehouse reported on the
Current Accounts bill, recommend
ing that same be passed with an
amendment limiting the amount of
money to be received OH loan by
way OF overdraft to = so, 600 at any
one time.
Minister Damon gave notice of
the introduction of bill for the ap-
preparation OF money for the expen-
ses OF the present session of the Lee
gislature.
Senator Lyman's bill for the i'm
provement Of the sire It's of Hilo
was introduced, read for the first
time and ordered printed.
Senate Bill No. a, Homestead
Leases, came up for second read
ing. The report of the Committee
on Public Lands, recommending
passage of same, was read. On
motion of Senator Baldwin the bill
was read section by section.
Section 8 provided that the four
per centum on leases be paid July
OF each year, and that the lessee or
successors shall continuously oc.
cupy the leased property. Mr..
McCandless inquired the reason
for changing time of paying rental
from semi-annually to annually.
The Acknowledgement explained
that it really made no difference.
1t was merely to save time and
annoyance.
Minister Cooper moved that all
amendments be carefully followed
out so that the full meaning and in.
tent would be readily observable.
In striking out part of a section
OF law, for instance, the remain
der of the section should follow as
part of the amendment. Motion
passed.
Senate bill No. 3, being an Act
relating to the beginning and end
ing of the biennial fiscal period,
came up on third reading and
passed. 1t fixes the beginning at
Jan. /, 1896 and the end Jan. I,
1898.
Bill No ?, current accounts,
with the report of the committee
was taken up, and read section bv
section
The committees report, as fol.
lows, passed;
Your Committee of Finance to
which was referred bill No. 2, "An
Act to Further Provide for the Paw {
uent Of Current Accounts, after I
careful consideration, would recon-
mend the passage of the bill with t
he following amendments: In the
Ne wouIu IeGun1iCuu ,uI. 'IuSDi ,ion
If the words mot to exceed $780,
200 at any one time" so that Ist
section will read, The Minister {
Of Finance, with the approval of
he Executive Council, is
to open bank account
Or bank accounts in the name of
he Government of the Republic of ;;
Hawaii with any bank or banks or ,
inanciel institution carrying on
business in Honolulu, and from
time to time to receive on loan by
way of over-draft on such account
Or accounts such sums of money
not to exceed $3.50, 900 at any one
time, as the said Minister and the
said Council may seem necessary to
meet the current expenses of the
said Government"
Section 2, providing that such
loans shall be repaid in gold coin,
came up Members favored like
coin." Mr.. Damon explained that
all transactions above $40 were I'M
der the law to be made in gold.
Minister Cooper suggested that
the words shall be payable on de-
mand" did not go far enough. The
banker might choose to let the Gov
eminent keep the money on the
interest, or not demand" it at all.
President Wilder emphasized the
point. The banker would have the
power to keep the loan out inde6-
nitely.
Mr.. Damon explained thar inter-
est on all overdrawn account ceased
when the debtor presented the
money for payment. There was
no question on this point. The
law could not be abused. Mr..
Damon continued in few general
remarks on the law and its appli-
cation to the present situation,
Minister Cooper offered the fol-
lowing substitute to take the place |
of Section 2: The money bar
rowed by authority Of this Act |
shall be repayable by the Min
lister of Finance upon |
his tender Of the same together
with the interest not to exceed 6 |
per cent. per annum in gold coin of
the United States of America.
On motion of Minister Smith the
substitute section passed.
Section 3, providing that money
so loaned shall be against depart
ment drafts or orders, passed.
After a slight amendment, max
ing these accounts repayable from
the current revenue, Section A
passed.
Sections 5 and 6, the enacting
clause and bill as a whole then