The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-05-03
BY AUTH q RTT
Continued from Page Nine.)

CONTINUED Page Nneo
received by each person. Five Thousand Dollars
all other cases the shall Five per cent of the
market value of such property OF Five Hundred Dollars
All property so passing Tor whch suc exemption OF Five 1hou-
sand Dollars be maintained shall not be taxable
under the provisions of any other law.
Section of Act OF the Session Laws 1905
is hereby amended to read as follows:
A imposed by this Act unless otherwise herein pro-
vded for shall be due and payable the death of the deceden
the paid within eighteen months interest shall
be charged and collected thereon but paid interest the
of cenum shall be charged and collected
from the said accrued provided that said paid
within twelve months from the accrung thereof discount of five
per shall be allowed and deducted from said And in
all where executors administrators do
pay such within eighteen death of the dece
dent they shall be required give bond the form and the
effect prescribed Section of this Act for the payment said
tax, together with interest.
Provided that nothing this Act contained shall be
TO require the collection payment of assessed
able against property interest which upon final distribution
any estate cannot be distributed into the possession
or enjoyment OF the persons entitled thereto.
SECTION g. Section of Act the Session Laws of
1905 is hereby amended to read follows:
when the value of inheritance devise bequest other
interest subject the of said uncertain Circuit
Judge before whom the probate proceedings pending
application of interested party upon his motion may
appoint competent appraisers often
and whenever occasion may require duty it shall be
forthwith to give notice. by mail all persons have
to claim interest in such property the Treasurer
Territory and to such the Circuit Judge by order
direct of the place which appaise such prop
ery and at such time and place appra the make
report thereof writing said Circuit Judge together with
such other facts relation thereto Judge by
filed the
this report in appraisers appointed any event.
the said Circuit Judge SHALL by order value
all nheances devises bques other interests and the
TO which the is LIABLE and shall Immediately notice
thereof to be by mail to all known be interested
therein The value OF every future contingent limited
income interest SHALL for the purpose of this Act be
mined by the Insurance Commissioner by the rule
the standards of mortality and of value that forth in the
American Experience tables of mortality for asceranng
of policies of life insurance and annus and for determine
ton of the liabilities of life insurance companies
OF interest to be assessed in computing the value of all
and said commissioner shall certify such value to the
appraisers Judge the be- Every appraiser
paid the certificate of the Circuit Judge Chambers at
of Five Dollars per day every day actually and nees
say employed in such appraisal and his actual necessary
travelling expenses at the same rate paid for travelling
subpoenaed Such
fees and all other charges herein provided
the estate OF the decedent administration
SECTION Paragraph "b of Section Is of Act o2 of the
Session Laws of 1905 hereby amended paragraph
b shall read follows:
All actions under this section shall be tiabe before the Circuit
Court of the Circuit in which decedens being
been administered
SECTION This Act shall from and after the
date of its approval
Approved this 18th day of April, A. D. 1909.
WALTER F. FREAR,
Governor of the Territory of Hawaii