The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1909-05-18

qualities are the best. If this is so,
it is time for some tropic coal baron
to appear and make the use of the OPP
portunity that surely comes with the
marketing of Philippine coal" Japan
will be the greatest sufferer through
the marketing of coal from the Philip
pines. Since 1898 the making of Maya
sali port of call by the transport
service has been the source of consid
cradle revenue to the Mikado's empire,
all of which seems to be ended by the
pioneer experiment on the transport
Dix.
The tariff is not the only pressing
problem of financial bearing that is
to come under the acute eyes of our
National Legislators. The tentative re-
port of the National Monetary Com
sion is about ready to be submitted
to Congress, and it will embody the
fruits of extended financial research
carried on in the United States and Eu-
rope. 1t is stated that thirtysi six con-
ferences were held with the leading
bankers of London, Paris and Berlin
and that modern monetary problems
were discussed at length. Ten of the
leading financial experts of England
were selected by the commission to pre-
pare reports on the monetary conditions.
Every phase of banking and currency
in the United Kingdom will be covered
in the reports, and statistics OF a
similar bearing have been gathered in
France and Germany.
The New Forest Reserves.
Plans are being perfected by Super
intendent Hosmer of the Department of
Agriculture and Forestry for the carry
ing out of the extensive forest reserve
! system that is in accordance with the
general movement for the conservation
of territorial resources, the Importance
of which has been brought before the
public in u large degree through the
efforts of its women advocates. In con
formity with the requirements of the
law on the subject, meeting will be
held Saturday at the offices of the De
partment of Agriculture and Forestry
on King street, and all opposed to the
idea of progress will be given an OPP
/ portunity to be heard. No opposition
is programmed, however, and the meet
| ing is more matter of FORM
The proposed increase of the forest
reserve system includes the setting
aside of 10000 acres on the summit
slopes of Mauna Kea. On this reserve
an attempt will be made to develop
trees that thrive in the Temperate
Zone and it is believed that it viii
meet with success.
Two other reserves are planned oil
the slopes of Haleakala, Maui. On'
is more the REIMBURSEMENT of the line
of an existing reserve, and both ar,
planned as aids to the watershed. Tn
remaining two government reserves vii
be established on Kauai, and are als'
for watershed purposes. One of then
that will come under public control, ha
! already been maintained as privat
reserve. The issuance of a procama
) ton by Governor Frear is the require
} ment for the legal establishment of tn
five reserves mentioned
} The preliminary details of finance
and. procedure in connection with tn
consolidation of the Honolulu Reading
Room Association into the territorial
! subsidized "Library of Hawaii ar
now under consideration. Auditor FISH
! er, who is trustee of the Readin
3 Room Association, was in conference
: with Governor Frear and Attorney Ger
eral Hemenway yesterday, and no dill
g ficuty is expected in completing til
l plans for the consolidation, which wi
{ bring about large contribution froi
= Andrew Carnegie the iron master wit
$ a weakness for libraries.
$ The records of the Exchange for I'll
: Sugar Stocks.
: Ewa-5O @ 1925, 10 "a 1900, 5 {
s week show:
: 1880, 80 Gp $500
: Paauhau-25 "a $3.50.
oahu-15 6D 32.75, 30 Cn 1925.
McBryde-l50 (d 400.
Honokaa-50 "a 1924, so On III
e 115 "a 1850.
n Hawaiian Commercial & Sugar-7C
= "a 5000.
o Honomu-5O "a $50.
e Poneer-25 a 1854, Is (0 1866.
d Paia-5 CD 22O.
c Waialua--25 a. 91.00.
!, Industrials.
: Interlsland s, N. CQ.-37 a 147.
/. Oahu Il. & l.. Co.-25 CD 100.
: Honolulu b. & NJ Co.--75 C0 235
h $50 IA 23.75.
= Bonds-l5OO Waialua IS "a 100.
= Dividends.
Q Dividends were paid as follows; Ma
e 10, Paauhau, poe. share; Wailuku,
per cent; Hutchinson, zoe a shar
May Is, Hawaiian Sugar Company, I
per cent? Oahu Sugar Company, 2 p'
. cent? O. Il. & l.. Co., " per cent? r
G peekeo, per cent? Walalua, - p'