The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-11-29
Continued From Page one)

leased is based on the practice III inc
Temperate Zone. Many tropical crops
can not be produced within the hVe
years prescribed.
Including these islands as part
of the Union does not bring them near
er to the continent; they are sun ='IoV
miles away Nevertheless they are re-
garded as forming a part OF the coast
line and the coastwise laws are appHeu |
10 Hawaii, notwithstanding that traVeI /
between here and the mainland is con- /
fined exclusively 10 water, wnlie on
every other portion of the coast there
Is TRANSFORMATION by land as well as
nv water. The result of this law Is
that after seven years application
American steamers are withdrawn
from the service, owing to their in
ability. in spite of all the protection. to
earn returns upon the capital invested.
The service between this port and the
mainland is rapidly retrograding.
steamers flying a foreign flag and TAX
ing only the mails continue to make
a profit and touch here constantly on
their way to and from the mainland,
although deprived of any passenger or
freight traffic. Free communication
between these islands and the main
land in every available manner is es-
sentiaI to commerce and trade and VIII
be one of the principal means TO pre-
vent Hawaii from becoming in any
way alien in disposition or compost
ton.
Immigration will. in al probability,
ne restricted, and if this restriction
comes early and is suddenly enforced
it will compel a complete readjust-
ment in the commercial condition OF
these islands and might easily bank
rupt them
RECOMMENDATIONS.
Governor Carter, objects to the ope-
ration of the federal pure food law as
it affects our honey-dew honey; to the
change in the Organic Act permitting
appeals to the United States Supeme
Court in cases where $4,000 or more is
involved. As to positive legislation
he saws the greatest needs are suffi-
cient appropriations for the federal
DEPARTMENTS in Hawaii. These are
needed for survey of the water
resources of the Territory; in forest
work; for improving Honolulu harbor;
for improving the entrance to Pearl
Harbor; the development of Pearl
Harbor for commercial purposes.
TERRITORIAL FINANCES.
On this subject Governor Carter says
the effect of the present stringency,
though not felt TO the extent here as
elsewhere, has had the effect of making
capital timid about entering new en-
terprfses. He speaks with approval of
the law passed by the last legislature
providing for a sinking fund for the
Territorial bonds. He gives a sum-
mary of the conditions which con-
fronted his administration at its be-
ginning when the appropriations made
by the legislature greatly exceeded
prospective revenue, the reductions
made in expenditures by himself as
Governor and the further reductions
created by the special session OF the
legislature, so that during his al
ministration a floating Indebtedness o.
s663, 4s7 20 was paid off and net cur
rent cash balance was on hand at the
end of the fiscal period ending June ~
1907 The bonded Indebtedness of the
Territory increased during his ad
ministration from $2,1SS,O00 to $3,71S.
600. Each succeeding sale of bonds
has been at a better price than the las
one. The amount and character of h
bonded Indebtedness is given IN detall
RECEIPTS AND EAPENDIIURES
The receipts and expenditures for tn
year ending June 80, 1907 are given Il
detail. The receipts were $3,O51,9953I
the expenditures 81. 73S. 1895; outstand
ing warrants sS4.740.49; cash balanc
s34s. 81. and a total cash balance o
hand of s619. s04.66.
TAXATION.
A very interesting tabulated analyst
of the taxes of the Territory by year
and sources is given since the organi
cation of the Territory. This analyst!
he saws. shows the unusually large re
turns which the Territory enjoys froI
personal property, larger in proportion
ne saws. than most other communities
The fireclaim and the Chinese fund
are given in tabulated form, and in
similar way the facts regarding tn
Hawaii coinage. During the year fifty
seven new corporations were create
and four went out of business, leavin
$40 domestic corporations in existenc
of which $40 are mercantile, 124 agr
cultural, and 1876 eleemosynary.
INSURANCE.
The insurance business of the Tel
ritory in all its branches is shown
tabulations In regard to commerC
he says:
THE aggregate commerce of Hawa
during the fiscal year ended June
1907, amounted to SAT, 741,300, an amour
exceeded only once since the annex
alton of these islands by the Unite
states. and greater than in the pr
ceding year by s5.S44.470. AS only s.
$4,000 of the increase was due to larg
shipments of Hawaiian produce, the
was a gain of 50, 560,470 in imports.
this amount sS76,497 consisted of lars
purchases of goods from forei&
countries, leaving a gain of more thu
S2.e5O, 900 in purchases from the mai
land of the United States, or an /
crease of almost SIS per capita"
The movements and volume of tt
commerce and its division into coa'
wise and foreign is given In lar
number of elaborate tables. The IA
roads and water transportation of t
islands is briefly but suceinctly d
cussed. Fares by steamer to differe
points are given. Based on the sehC
enrolment, applying to it eonsery
tive ratio, the Governor says the poE
1o+;ou of the Territory Oupht to be %