The Hawaiian gazette., 1904-12-27
FINANCES OF TERRITORY IN
SATISFACTORY CONDITION
State Of the Treasury Is Reviewed In Governor
Carriers Report to the Secretary Of
the Interior.

In his annual report to the Secretary Interior
Carter very strong showing indeed for the finances of
1.-The finances of the Territory of Hawaii the Gov
in better shape today than they have been since the
by the United States Prior that time these
receipt of annual approxmatng $Sooo
00 The diversion of the customs and postal caused
teria reduction Notwithstanding this loss the of the Ter
tory maintained their former basis There had been
reduction number of employees the
single department. and in the functions of various
departments extended In effort supply this de-
fny had been and of
had been closely unized the assessed values of all properties
raised and the whole system of direct taxation largely increased
Still this insufficient the requirements and of late,
year brought deficiencies which by anticipating the
income Such condition of affairs could not be maintained and it
necessiated special session of the Legislature in the spring of
1904 This session lasted only twelve days. and did most effective
work reducing the of expenditures that had been
vousy authorized and in cuang the departments in d
reon The result is that beginning with the first day of July
@ the for the year ending June 49, 1892 will be
ritor for the period 100000
As the Territory unable to borrow any
porary deficit must pay cash as goes or issue warrants be
redeemed the income collected for bonds only be issued
Notwithstanding large collection
November had been exhausted by this
the issuing of warrants has been continued from time to m the
will n"S and %
applied the deficiencies of the previous
Thus the coming year will to issue so large
warrants and gradually Territory will
lished absolutely cash basis.
present time
oy does exceed IL cent of the taxable property of the
by reference the following
subject by the of the Territory will be found detailed
statement of the bonded debt
CHINESE FUND
I'm the last report of the of the Territory
mention made reference this
that the changes brought about by and the
ton by Congress of all laws relating Chinese immigration the
of the disposal of this left unprovded
necesstated local legislation provide
tody control and payment of 5560 being the
the of the of the Territory designated
known the Chinese fund.- passed the Legislature and
approved April %, 1903.
By June 80 1908 there had been paid the claimants in
accordance with this .$S9 96S 80
During the present year. ending June 80 1904 there has
been pad 561T9 10
Leaving unpaid balance of. 193S965
But in order that full understanding in reference
matter be gained it necessary consider
the passage of the aforesaid act.
Prior annexation, the Republic of Hawaii maintained and
operated postal savings bank There also existence
board OF immigration with paid who received the
nents made by the Chinese bores had
the provisions OF previously existing laws by which they
CURED to work agricultural abore mill hands,
wants and to of their
fund to be used sending them country whenever
should to work This fund deposited in the postal
ngs bank the credit of the board of immigration separate
account with each laborer.
Congress, in its act this Territory abolished
board of immigration and the postal provs
however, for the of all deposits therein
counts made and closed there
control of fund
Taylor the former secretary of the board
employed by the Territory commissioner of agriculture
esty who from his intimate knowledge of
of of