Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1903-04-02
HOUSE..
lContInuea from Page u

uemptlOn OF property sOlu unueT lOTe-
closure of mortgage.
No. 1874, an Act to provide for the
use and custody of sl55, 546.70 being
the money now in the possession of
the Treasurer of the Territory and Ges-
ignated or known as the Chinese
Fund"
Oahu Electric Bill.
The Committee on Agriculture and
Manufactures reported on House Bill
80. relating to electric wires and poles
of the Oahu Ice and Electric Co. on
the streets OF Honolulu and elsewhere !
on oahu. The report which was lad |
on the table to be considered with the
bill is. in part. as follows:
The Oahu Ice and Electric Co. is at
present engaged only in the ice bust
ness. 1t paid S203.3O in taxes in 1902.
II is a rival OF the Hawaiian Electric
Co. Your committee recommends the
following amendments:
"In case OF failure by said company
to perform any of the conditions or
agreements contained in this section,
the same may be performed or the
work done by the Superintendent of
Public Works and the cost OF same
charged to said company, which
amount may be recovered by action at
law.
THE books of the company shall he
open at any time to the inspection Of
the Treasurer Of the Territory or his
duly appointed agents.
said company shall also have the
right to maintain, operate and use
electric meters or other means Of meas
uring electric light, power or current
supplied from time to time and to To-
cate the same at such places as may
be deemed necessary for their protec-
ton; and said company shall also have
the right to charge. receive and collect
from all consumers of electricity such
prices as may from time to time be
fixed and determined by the company.
; but such charge shall not at any time
exceed 25c per kilowatt-hour of 1000
Watt-hours.
THE company shall have the right
to charge, receive and collect from each
consumer of electricity for lighting, the
, minimum sum Of 81 per month, and
from each consumer OF electricity for
power the minimum sum of 81 per
month per horsepower OF apparatus
connected to the service of the COM
pany.
: Unless the company starts work up.
/ on its electric plant and has al least
10000 electric lights of sixteen candle
power supplied within two years from
the date OF approval OF this Act by the
: Congress of the United States, then
this franchise shall be null and void
! and Of no effect whatsoever.
las the term of years for which the
I franchise should be granted. your COM
a mittee recommend that all franchises
a granted by this Legislature should be
: of the same length OF time so that when
o they expire, the public may be able to
: renew the ones that have done good
|, service.
"And for further Information on the
!. subject of the term, your committee re.
fers to the full report on the same sub.
iect handed in with House Bill 81"
S. KELIINoI. Chairman,
9 ERIC A KNUDSEN,
$ ]. NAhALEKA.
4 Il do not concur"
A NJ. X. KEALAWAA.
y Hawaiian Electric Bill.
The Agricultural Committee present
h ed very lengthy report on the Ha.
: waiian Electric Co. which was not read
r but was laid on the table to be consid'
4 cred with the bill. Included in the re,
o port are the following points: "The
capitalization at the present time IL
II 100000 and the stock Is divided
! among los stockholders, the majority
A OF whom are Island people. The larg
v est single holding is $50 shares. Their,
h are but four shareholders residing out
: side of the Islands with a combined
holding Of 3l3 shares. It will be seer
from the above figure that this com
q pany is distinctly a Hawaiian com
+ pany and that the holdings are widely
! distributed throughout the Islands
= The increase In the capitalization
II shows the remarkable growth of tn,
II Company, The entire capacity at tn,
n present time is approximately 2O,00t
! lights. The gross receipts from Jun,
n !, 1901, to June /, 1902, were $751;,
n 5Sl,l6. The royalty paid to the Ter
Il ritorial Government through the Sup
n erintendent of Public Works wal
II S3,2S9,59. Other taxes paid by tn,
company for the year amounted t
q s6,59I,3S, or a total Of s9,SS397, beini
s a very substantial realization to tn,
: government. The average amour
paid per month to the white men AM
n Hawaiians is $S2.37 and the circulation
a Of this money from the pay roll OF tn
q company in the city of Honolulu is
70 very material benefit to the INTEREST,"
~ therein.
= From the comments OF the loca
n press regarding the term of years 70
l. which franchise was asked, namely,
l. years, there seems to be strong oppo
a sition to granting franchises except 70
O a very short period. 1t was suggeste,
q that no franchise should be granted 70
Ic term exceeding thirty years. and tn