The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-01-16

examined the same and find the secur
ity behind each of said investments t
be the same as previously reported.
The account shows deficit balanc
of $2.S23.93; but it appears by TIL
trustees report and also by the:
books that the receipts We're: Divi
dends, $500. 90; interest, S12, 433 As; rents
1921, 513 so; taxes. 1904. 10. Total, s26,-
451, 50.
| Expenditures-Accou capital, S14,-
920.S9; account current. s18,271 .OS To-
tai. s3S. 19l 81
Expenses in excess of income, So,
$40. g.
/ For which, the trustees report that
effort has been made by them to KEEP
expenditures within the income of the
trust. but the account shows deficit
| of Sc, $40 60. which may be partly ac-
counted for by some items in the MS
| ture of extraordinary expenses. While
| the segregation of capital and income
expenditure may be helpful from "a
bookkeeping standpoint. the tras-eas
recognize that the total expenditure on
every account should be limited by The
income in a trust of this nature. aui it
is their aim and the desire IF MI
Bishop that the Museum should event
ually be able to accumulate from il
come a reserve fund which viii ne
available a all times to meet possible
contingencies.
The trustees also report that from
January 1st, 1905, the rent receipts VIII
be reduced by $1,000 per annum as the
result of a reduction made in the rental
reserved under the lease of the
Ahupuaa of Waipio. Hawaii. from
$500 TO $4,000 per annum, but
Mr.. Bishop has generously release
his life interest in the Oahu Railway x
Land Company stock, held by the trus-
tees, and the income from this source
viii more than equalize the diminished
Waipio rental
The Museum salary roll has been ma
terialIy cut down by dropping TWO Of
the members of the staff. May 18th and
July 18th, respectively, but the open
ing of the annex has required the en-
gagement of an extra janitor and the
employment of an additional assistant
Ga LADY,, the latter on public visitors
days only.
The trustees also report that they
have secured from the trustees cf the
Bernice Pauahi Bishop estate a lease
of the site of the Museum main build
ing on the grounds of the Kamehame-
ha School for Boys, Kapalama the
lease is for a term of ninety -aine
years. commencing January l 1904 1T
a paid-up rental of $500 net, and was
on the first of March last
with the full approval and permission
Of the court, whose opinion was sole |
tied to clear up any doubts there may |
have been regarding the validity of a |
contract between parties 50 intina Caiy |
as the Bishop estate and |
Museum trusts
The models of the Volcano of Kilauea |
and of the ancient heiau. two of the |
thief attractions of the new Hawaiian |
IaI, have been suitably incased. at a |
cost of $1.832 63. Some repairs have |
been made to the roofs of the central |
'ff1ce and bank buildings. which We're |
ound to be leaking, and similar re-
airs are now in progress with refer
nee to the roof of the Hawaiian Hail. Il
The latter is likely to prove one of the
leaviest expenditures for the coming II
ear, examinations made by competent II
rchitects and builders showing the Il
y
he necessity for a complete renewal II
new slate to cover the entire
oof has already been ordered from
broad.
Sanitary improvements have been
lade to the workshop and workshop /
mex. a cess-pooI being provided for
he latter. II
The trustees also report that the Ka-
alma suits. so-called, involving the
useum's title to the Ahupuaa of Wal
o have been decided in favor of the
useum.
The trustees also report that the
ttholic Mission having applied for
lalI area of land for church purposes,
e and one-half acres al Waipio were
nveyed to the church for seventy II
g dollars net, subject to lease.
The trustees also report that on the
h of April last the Museum proper
was reinventoried and the new val -
tons have been brought into the =,
oks of the trust, showing at the close Il
the year an aggregate increase of
1 ,948. II as compared with the old
uation on the books at the close of
t year.
he personnel Of the board of trus-
5 remains unchanged since last re- MI
t. the officers and members at the
Sc of the year being as follows: -
AFFORD B. Dole, President: William -
Smith. President: Joseph o.
ter. Treasurer; Alfred ". Carter.
Samuel NJ Damon. William 4
Allen and Henry Holmes.
he trustees also report that at the (
- Of the year the staff ~ the AIu-
m was constituted as follows.