The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1900-02-13
TERRITORIAL FINANCES.

The receipts and expenditures for the
! 1899 compared with those for 1898, make
a very good financial showing, and in
dictate a period of great prosperity. The
| total receipts, or the national income
| for the year 1899, were SS,345,231.5O as
against $2,56S, 4S912 for the year 1898,
and increase of over three quarters of
a million of dollars.
The expenditures on current account
on the other hand, were 81, 494,01 as
against $2,252O4957 for the year 1898.
The increase in expenditures has only
been one third of the increase in in
come that is speaking in round numbers
that is the income has increased three
quarters of million and over, while
the expenditure has increased barely
quarter of a million.
Our chief sources of income are the
customs bureau and the tax bureau.
From the former $1,295, 62S.95 has been
received, from the other 81, O6S, 117.27
came in. These two items together
have produced $3.50, 900 out of the 49,,
$4,000 of the gross income. The re-
naming 100000 is divided among 20
heads the largest of which brought in
$241, 900 and the smallest $33S.55.
The increase in our two main sources
of income is very large indeed. In 1898
the customs bureau brought in $685.
$3.50, while the Tax Bureau was Gre
dited with 1911, S1S.67, the two together
amounting to $1,700,000 in round num-
bers. We have thus increased in our
two main items of income over half q
million of dollars during the year.
The cash balance in the treasury at
the end of 1898 was $40, 2S0.21 The
cash balance in the treasury on Decem-
Der 81, 1899 was 1881, 1929 There
was besides a balance of $92, 23O.13 on
the loan fund account.
Among the expenditures from cur
rent account the largest sum has been
given to public works, viz: 1870, 1904
as against $241, 1921 in 1898. But this
does not represent all expenditures for
public works, by any means, for pay
ments under the loan act amounted to
1914, 625.67, making a little over million
spent on public works during the year,
against a total of about $780, 900 ex-
pended for the same purpose in 1898.
There has thus been marked activity in
| this direction.
Next to public works the largest
amount is spent on education, which
this last year cost the country 1924 ,654.-
90, against $244, 533. 80 in 1898. Public
Health up to December 81 took $685.
019,45 in contrast with $19S, 61535 in 1898.
But the bill for public health had only
just began to roll up. The bills for
January and February of this year will
be heavy enough to make the present
years figures phenomenal.
Lastly there is our net loan indebt-
edness. which amounts at the present
time to S4,S9O,S51.49 In 1898 the indebt-
edness was S4,457, 6O5.S5. The United
States assumes the loan indebtedness
up to S4,000,0OO, so that should we re-
ceive our territorial government in the
near future we would start with an
indebtedness of about 100000, which,
for country as wealthy as this is, is
very small amount indeed.
Taking a view over the whole finan-
cial situation, in spite of many set
backs, in spite of somewhat dark out
look at the present moment, the terri
tory is in prosperous condition, and
is ready to meet the claim which would
stagger many a larger aggregation of
people.