The Hawaiian gazette., 1910-05-17
THE EPISCOPAL
C0NVOGATION
The Prosperous Condition Of the
Church Shown by the
Reports.
CFrom Sundays Advertiser.)

N9 A"~S gSotoAudg III Tue cdlneuIdA
parish house. There was a large at.
tendance Of clergy and lay delegates.
Reports were made which showed 4
prosperous condition of the church.
Valuable Gifts to Church.
Treasurer John Guide report on
gifts, lands and assets of the church,
addressed to tine president and direct.
ors of the Protestant Episcopal Church
of the Hawaiian Islands, for the past
year follows:
Statement of endowment funds and
income from same: During the year
there have been turned over to me by
the bishop $4,000 and $4,000 in bonds,
to be held in trust by the corporation.
These two amounts represent gifts for
endowments, that for $4,000 being from
the late Charles M. Cooke and that for
$4,000 being from a friend Of the
church and bishop who desires that his
name shall not be made public. In &C.
cordance with the wish Of the late Mr..
Cooke, his $4,000 gift will be applied to
the fund for the endowment of the
Priory, and the income from same will
be handed to the treasurer Of the
Priory. For certain reasons the donor
Of the $4,000 considers it best for tho
present not to designate the canonry
to which same shall be given. By in.
structions of the bishop the income
from this fund will be paid to Canon
E. f. Simpson.
1 would call attention to the follow.
ing changes in the property Of the
church since my last report.
Waiahole Rest House.-This property
was finally sold for the sum of $1,000,
the proceeds being invested in bonds
bearing six per cent interest. The inter.
est from this investment will be allowed
to accumulate until the principal again
amounts to $4,000, the original amount
of the gift. When this sum has been
reached the income will be used by the
bishop to carry out in the best way
possible the purpose for which the trust
was established.
Gift of Land from w. G. Irwin
During the year Mr.. Irwin donated to
the church piece of land adjoining the
grounds of st. Andrew IS Priory. This
land has been valued at $1765, which
amount has been added to the value of
the Priory property on the books of the
corporation.
Land at Kaimuki-The bishop has re.
Gently purchased a lot of land at Kali
muki for the sum of $575, and same
has been brought onto the books Of
the corporation at this figure.
Land at Waimea, Hawaiian offer
of $1,000 was lately received from the
owners of the Parker ranch for two
small lots of land in Waimea belonging
to the church and now under lease to
r the ranch. The board Of directors de-
, cided to accept this offer, which is con-
: sidered quite liberal one, and the
8 proceeds of this sale will be reinvested
when received. This land is now car
ried on the books at only $500.
Statement of Assets and Liabilities
From this statement it viii be noted
that the value of all property of the
church, throughout the Islands held in
the name of the corporation, together
with the value of funds held in trust
; by the corporation, has now reached a
total of 1891, 1901. This does not in
clude the st. Clements property in Ho
nolulu, as this parish was recently in
corporated and as a separate corpora
ton holds all of its property in its owl
name.
The following is the treasurer's show
ing of the church's holdings: