The Hawaiian gazette., 1909-04-27

| The question or corporation publicity
was before the Senate yesterday in
connection with bill intended to 60 |
leave the form Of the annual exhibits
largely TO the discretion of the Treas
urer of the Territory, Ii was to this
provision that Senator W. y. Smith
, voiced an emphatic objection on the
ground that tine statutes should provide
specifically just what the requirements
of the annual corporation report should
be, and not leave 1t to the "whims
of Treasurer.
Senator Fairchild also expressed the
opinion that the bill, if it became
law, would not work out Justly, and
would be open to favoritism in its en-.
forcement. He said that he was in
favor of a greater degree of publicity
in the affairs Of corporations, but
agreed with President Smith that the
form of annual report should be care
fully drawn up and not left to the
Treasurer who could prescribe differ
ent form of report for each corporation
If he desired.
Senator Chillingworth was spokes-
man for the advocates of the bill with
out amendment. He said that it was
known throughout the Territory that
the corporations in many instances
were submitting to the Treasurer re-
ports that were evasions of the letter
of the law, and from which the public
could derive no intelligent idea of the
financial status. Action on the bill
was finally postponed until tomorrow
when Chillingworth said that he would
! be prepared to defend his position with
the necessary facts and figures.
The bill making income tax delin-
quency lien on real property was
passed in the Senate yesterday but not
until it had been shorn of its objec-
tionable features that aroused opposi.
ton on the part of President Smith
when it was first taken up for con
sideration. The clause relating to in
, come tax was stricken out on the mo-
ton of the bill IS sponsor. Senator
Knudsen, who also amended the period
of the lien duration from FIVE to three
years.
The Senate gave its formal approval
to the appropriation bill as reported
T, by the Joint conference committee. Two
dissenting votes were cast those of
T. Senators Robinson and Baker.
Concur In Amendments.
Senate Bill No. 100, relating to the
licenses of secondhand dealers, was re-
ceived from the House with amend
ments, which were approved.
Senate Bill No. 12l, the new election
law, was received from the House and
| the amendments explained by Nectar
e thy and concurred in.
Senate Bill No. 100, providing a
salary of $500 per year for the district
magistrate at Kalaupapa, was taken up
e on the motion of Coelho and passed on
: third reading.
e The conference committee report on
: House Bill No. 1854. the bill providing
e for lunacy commission, was adopted.
Senator Fairchild submitted the re-
a port of the joint conference committee
/ on the appropriation bill.
n Fairchild moved the adoption of the
e report, seconded by Mccarthy. The
r report was then adopted, Senators
Baker and Robinson voting against it.
The select committee on Senate Bill
No. 81, allowing the right of appeal
from Boards of Supervisors sitting as
court of impeachment, recommended
that the bill be tabled and the report
was adopted.
nj A resolution was introduced by Sen
ator Brown, distributing the sum of
J $l55 among the officers of the Senate.
1t was referred to the Committee on
Accounts. The resolution is designed
: to reimburse officers of the Senate.
: other than members of the clerical
force. for "extra services" There is
a little doubt as to Just what constitute
:, the "extra services" referred to.
j. House Bill No. 224, relating to the tax
: alton of insurance companies, passed
" third reading on the motion of Robin
son.
> House Bill No. 1923, giving more
u power to the Regents of the College
!. of Hawaii, passed third reading with
= out a dissenting vote.
= On Corporation Exhibits.
. House Bill No. 23l, amending the
n existing law relating to the annual ex-
!. hibits of corporations, was taken. up
|. on second reading.
;. President Smith took the floor and
!. questioned the wisdom of the provision
n that stipulated that the annual corpora
O ton report "shall contain such in
!; formation and be made in such form
as the Treasurer may require.
4 He moved to strike out the clause,
a adding that the bill would give ton
/. much power to the Treasurer in that
o 1t did not clearly state what the form
n should be.
l. Senator Chillingworth stated that
+ there was need OF more control and
d public knowledge on corporation af-
Il fairs. He said that 1t was the ten
dency of the times to make certain
u that the public shall have full en-
a lightenment on corporation affairs and
Z, management. Chillingworth argued
further that there was particular ne
cessity for such a law in the Terri
tory of Hawaii, asserting that there
was disposition to avoid complying
with the provisions of the present
i. law. The bill was finally deferred
I until Monday.
II Senate Bill No. 151 was ordered to
be printed with the report Of the Wal
kild Reclamation Commission. The
u measure embodies the recommends
l. tions of the Reclamation Commission
', members
h Senate Bill No. 1872. making an ad
4 ditional annropriation of $4,000 for the