The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1908-01-18


Smith, who instructed the secretary to
read the minutes OF the last meeting.
After the reading of the minutes the
reports of the different officers and
committees were read. The report OF
the treasurer showed the Association
in good condition with money in the
bank.
The report of the directors was then
read also the report Of the special
committee on taxation, after the read
ing of the report. e. NJ Cheatham
made a motion that the report be
printed and sent to each member OF
the Association and to be taken up at
a special meeting to be called in the
near future. NJ Brasch made a mo-
ton that the report be adopted by the
Association and ordered sent to the
Tax Commission
President Smith then appointed e.
A. Berndt and w. M. Bray tellers, ana
asked r. J. Buchly to take the chair
for the election of the directors At
ter the election of the directors James
Wakefield offered a resolution sug-
costing that the chairman of the COM
mittee on Trade and Finance confer
with the chairman of a like committee
of the Chamber of Commerce to see
about securing adequate covered wharf
accommodation for the use OF steam
ers calling here, and more especially
for the wharves which are used by the
American-Hawaiian steamers. At the
meeting of the Board of Directors
which followed Immediately after the
regular meeting the firm of Alexander
& Baldwin were elected to member
ship
f. w. Macfarlane then nominated
G. w. Smith for president, but Mr.
Smith asked that some one else be
enough. Mr.. Smith then nominated
Mr.. Waldron for president who urged
| that Mr.. Smith be reelected. The re-
suit however, was that Mr.. Smith and
all the other officers were elected by
reclamation. The following report on
taxation was then read by the chair
man of the taxation committee, e. A.
McInerny
Honolulu, January 18th, 1908.
Mr.. George w. Smith, President Mer-
! chants Association
Dear Sir:-rhe committee appoint
ed to deal with the suggested amend
ments to the present law providing
| for a tax on real and personal prop
erty, beg to report as follows:
/ l. Real Property.-EXcept as here
the Territory of Hawaii, shall be sub
| ject to a tax of 1 per cent. on the cash
value of same.
2. Definition OF Cash Value.-Cash
value for real estate shall be deter
mined by actual sales OF property, of
like value, made during the previous
twelve months, within the vicinity OF
property assessed, or by sales of prop
erty of a similar character.
8. Definition of Real Property-The
term real property for the purposes OF
this act, shall mean and include all
lands, and town lots and house lots,
with buildings, structures, fences,
wharves, improvements and other
things erected on or affixed to the
same.
4. Personal PrOperty-rhe value OF
stocks of merchandise, furniture, fix
lures, and implements of trade and
profession, for taxation, shall be the
inventory value, less a discount of 70
per cent.
5. The inventory of stock must be
shown in detail in English figures and
language, and must accord in total
! value, and total amount, with the
total value and total amount of stock
| OF merchandise nXtuTes, furniture
and implements OF trade or profession
SHOWN as assets IN the merchandise
ledger and trading DOCKS OF the DusI-
ness.
g. The tax assessor or his deputy
! shall at all reasonable times have ac-
cess to the books of any partnership,
firm, corporation or individual trading
in the Territory of Hawaii; failure on
the part of any partnership firm. cor
poration, or invidual to grant to the
assessor or his deputy full access to
said books shall rende rsuch partner
ship, firm corporation or individual
liable to a penalty of not less than
800, and not exceeding $500
T. Inventory Of stock for the pur-
pose of taxation shall be made each
year. All partnerships, firms, corpor-
ations or individuals trading in thi
Territory of Hawaii shall file with
with the assessor of the Territory,
written notice of the date they propose
taking stock and tax returns for same