The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-12-06
GOLFERS
ARE FULL
Three Quarters of
a Million in the
Treasury.
TAX RETURNS
ARE GRATIFYING
Are HALF Million Dollars Higher
Than Last Year-Auditor
Austin'S Views.

The average man would think 1t to be
long ways between three quarters OF a
million dollars and a busted treasury,
but it is the former condition that con-
fronts the Territory of Hawaii just at
present. The monthly report just made
by Treasurer Wright to Auditor Austin
gives in round numbers $75O.0O0 as the
amount in the Territorial treasury, and
1t Is the opinion of the latter that the
funds now on hand will keep the wheels
of government running for more than
six months from the present date
Not only have the tax collections been
unusually heavy. but revenues from 9TH
er sources are greater this year than
last, so that the total increase of revenue
for the year will be over pne million dol
lars.
OF this amount the income tax will fur
nish about S35O.OOO. according to the estl-
mate of Mr.. Austin. while the revenue
from other sources, increased valuations.
etc. will easily bring the grand total up
to 100000 more than last year or a grand
total for the year of about s1,750,OOO
The total collections for the month of
November would indicate an even larger
excess over that of last year than estl-
mated by Auditor Austin. The total re-
ceipts for the month were S1,146. 1921.
while in November, 1900, the receipts were
but S5lG, O5S.35. For taxes alone the re-
ceipts amounted to $1,076,5S2, as against
only $466,S92 for the same period last
year. The income tax accounts for the
greater part of the increase, though there
has been general increase in receipts
from almost every source. There was an
Increase of nearly $1,000 in fines and costs.
of about $1,000 in the land department.
and of over $4,000 in the Public Works
Department.
The expenditures for the month show
an increase of less than $164,SS0, as
against s155,434 of November in 1900. OF
this increase nearly $4,000 is attributed
to the judiciary Department, $4,000 TO
the Department of Public instruction,
and $4,000 to the Public Works Depart
ment. The total expenditures for tne
month were really less than those of
year ago, because there were no loan
fund expenditures this month. The actual
cash paid out was the largest amount In
the history of the Territory or republic.
as some 100000 were paid to satisfy OUT
standing warrants. There are now out-
standing warrants to the amount of $685.
AZ still unpaid.
There is now in the Treasury about
of million dollars said
Auditor Austin yesterday. AT the end
of the year there should be cash bal
ance In the Treasury of over $500. OCo.
though we will not close our accounts ut
that time, as this Is only done biennialiy.
The increase in the revenue for the year
over that Of 1900 Will approximate half
a million dollars. There is an increase
all along the Line, not only from the In
come tax, but from higher valuations
and the numerous new enterprises.
The real reason for the scarcity of
money is the loss of the customs duties.
which amounted to 100000 a month, and
which the United States government now
collects TO the amount of SI25OoO monthly.
The merchant tax is also gone now, the
law having been declared invalid. The
treasury is in very good shape at pres
ent. and the funds on hand will pay all
expenses for the next SIX months and
more. The income tax VIII amount u
about $4,000. All taxes have not been
returned yet. and there viii be a consid-
cradle increase over the figures given"