The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-03-23
TO GUARD THE
CHINESE FUND
SENATE JUDICIARY COMMITTEE
REPORTS BILL TO DECLARE THE
FUND A TRUST AND PROTECT IT.

The Senate took steps this morning
looking to put every official above sus-
piciOn-at least so far as the famous
Chinese Fund" as concerned. The
judiciary Committee made it's report in
the matter of providing a system for
the custody of the Chinese Fund, as
was suggested in the Governors
Special message on that score recently.
The report of the Judiciary Commit
tee was as follows: The judiciary COM
mittee to whom was referred the mes
sage of the Governor in relation to the
care and custody of the so called "Chi-
neSe Fund" beg to leave to report that
they believe this fund should be kept
separate and apart from the funds of
the Territory or the counties. We be-
lieve the money should be deposited
some where upon terms and security to
be agreed upon. We think that a
trustee under bonds of the fund should
be appointed who shall have the control
and paying out of the fund for the re-
turn of those Chinese to China, whose
money was deposited in the Postal
Savings Bank. This money does not
belong to the Territory, the Territory
has control of it simply as Trustee of
the Chinese for whose benefit it was
originally deposited. We submit IAN
act to cover that purpose"
The bill introduced was: Section 1.
The sum of money now in the Trearury
of the Territory known as the Chinese
Fund, and amounting to the sum of one
hundred and fifty-five thousand five
hundred and forty six and 70-100 dollars
| ($155, ,546.7O) is hereby declared to be
trust fund.
Section 2. The governor of the Ter
ritory with the consent of the Senate
shall appoint a trustee of said fund,
whose duty shall be to have the care,
custody, control and disposition of said
money and to pay the same out from
time to time to the persons entitled to,
such money upon their leaving the
Territory.
Section 8. All the papers, books and
documents in the possession or under
the control of the Board of immigration
and of the Postal Savings bank, the
Republic of Hawaii pertaining to this
fund, shall be surrendered and de-
livered to said Trustee.
Section 4. The Trustee so appointed
shall give bond or furnish security for
the safe keeping, custody and paying
out of said fund.
Section 5. Upon confirmation by the
Senate of said Trustee, and upon his
giving bonds, or furnishing security, as
provided by this Act the Treasurer of
the Territory shall Immediately pay
over to such Trustee said sum of one
hundred and fiftyfve thousand five
hundred and forty-siX and 7O-1OO dol
lars C$155, 546.70)
"Section 6. The Trustee shall pay out
said sum or such parts thereof to the
Chinese entitled thereto only upon the
assurance and proof that Chinaman or
Chinese, as the case may be, are de-
parting from the Terriaory and re-
turning to the Empire of China, and
are legally entitled to part, portion
or pro rata of said Trust fund,
Section Z. In the selection of such
Trustee the Governor may appoint as
such trustee any corporation, person,
or firm that may be carrying on or
doing a banking business within the
Territory.
Section 8. This Act shall take effect
upon it's approval"
The report was adopted and the bill
passed first reading and ordered sent
to the printing committee.