The Hawaiian gazette., 1905-08-01

ty said trustee 10 one Fugimoto. the
preceding tenant and lessor, viz: Feb
IT,. 1908. for taxes on property. 1902. SIC. TO-
An analysis OF the abatement Of re-
ceipts. as per Schedule "a" shows that
The trustee has failed to credit the es-
tate In his accounts with any of the
Iabove items.
From the terms of lease Of present
tenant and payment by his predecessor
OF the taxes for the year 1902, the for.
mer lessee must have been obligated
10 pay the 1901 taxes also. These 1901
taxes are not credited in the account
IL is fair to assume that the trustee
collected the taxes for the year 1901,
although / have been unable to posi-
lively verify this, owing to my inability
to find the Japanese CFugimoto), said
former lessee.
The accounts show that the trustee
effected fire insurance upon the build
ings of the property In the sum of 81
10000: (a) May 10, 1901, to May 10. 1902.
premium. $4,000; OBJ May 10, 1902 to
May 10, 1903, premium, $4,000
AS has already been stated, the lease
OF S. Ueda obligates the lessee to pay
for fire insurance in the sum of ST.
10000. which insurance was included In
the above 81, 400.0 90 policy.
The account shows that for insurance
from 1902 to 1908 the trustee paid only
one-half of the premium, or $500. the
lessee living paid the other half
$500; while for the year 1901 to 1902 the
the trustee paid the whole premium of
$4,000. which latter sum is $500 in ex-
cess of what the estate should have
borne.
There should have been reimburse-
ment in the sum of $45 90 to the estate
by the lessee for insurance 1901 1902,
and l therefore recommend that the
trustee be surcharged with the sum of
$4,000 on this account.
IL appears from the accounts, and in.
quiries of insurance agents, that the
trustee allowed the insurance on the
premises TO lapse after May 10, 1903.
Yet, Notwithstanding this fact, the
trustee compelled the said lessee, S.
Ueda, to pay for fire insurance of ST.
10000 on his leased building, receipts for
which he holds, as hereinbefore stated.
for premiums 1908 to 1904 and 1904 to
1905. IN the sum of $500 each. or $4,000
would respectfully, recommend that
the trustee be directed to refund this
sum of $4,000 to the said lessee, S.
Ueda, for the reason that payment was
made for insurance that did not in real
ity exist, and which was not in fact
effected.
| would also recommend that the
trustee be charged with amount of
taxes collected from Fugimoto and S.
Ueda for the years 1902, 1903 and 1904,
viz: $4S7O. and that he be required to
account for these taxes as to the year
1901.
| would further recommend that the
trustee be required to account for re-
ceipt, repayment of Goo Yau Chung
loan which, from the interest account
ed for, I assume to be 81 10000. This
item was omitted from schedule of dis.
bursements also when loan was made.
The accounts also show that the trus-
tee has had the entire cash corpus
tS2 fS8.bS) in hand for over seven months
without Investment of a. dollar. and
negligence is shown throughout nearly
the whole period of The trust In the
matter of obtaining investment of the
cash corpus.
In view OF these facts, I would re-
spectfully direct the courts attention to |
the question as to whether the trustee |
should not be charged with interest
upon funds uninvested for reasonable |
period of time.
The trustee asks to be allowed the |
sum of $6,2939O disbursements, as per
Schedule 3D." wiz
First
support of minors Paid to
Maria Barete for Fannie,
Emalia Theoff, Lutello, Joe
and Manuel ..........S 363. 81
Fannie Barete, for clothing of
self OBSERVATION-DISCLOSURES. $500
Fannie Barete, for Emalia,
Lutello, Joe, Theoff and
Manuel and self. .......... 522. so
Fa2nie Barete, for Joe, on ac-
count doctor and medicine. $500
Rosario Barete ............. 1000
Joe and Rosario Barete, joint
remittances to KalaWao, Mo.
lokai .s...,............. 20.O5
954.4O