Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-03-08

and entitled, AN Act relating to per
sonal income and property taxes anC
the disposition Of the proceeds there
! of, amending certain laws and repeal
ing others; and
Whereas, The joint committee, APP
pointed from the three organizations
represented at this meeting, have hat
said bill under consideration and have
proposed certain amendments theretoi
and
Whereas, 1t is of great Importance
to the business interests of this Ter
ritory that the present property ta2
rate be maintained as a maximum
therefore, be it
"Resolvcd, That the members of tho
Honolulu Chamber of Commerce, Tho
Merchants Association of Honolulu ant
the trustees of the Hawaiian Sugar
Planters Association, in joint meeting
duly assembled, do hereby approve OF
said bill, only on condition that the
said proposed amendments thereto arc
| adopted, as indicated on the printed
copies of said bill submitted at this
meeting and made a part of this rcso-
| luton" Offered by j. p. Cooke for
legislative committee of the Chamber
of Commerce.
The first speaker, ]. p. Cooke, de-
clared that he was strongly in favor OF
the principle of taxation set forth in
the terms of the resolution.
"The increase of property taxation
cdent that would probably lead to in
creases in the future" he said. I'VE
have for twelve years endcavorcd to
keep the tax rate down to the figure
mentioned, and now is not the time
to relax our efforts. / am in favor OF
this resolution most emphatically and
hope to see it unanimously supported y
George r. Carter stated that he had
few remarks to make for the pur-
pose of stimulating discussion" which
he did with some degree of success.
Before the eX-Governor'S remarks,
the resolution including the idea of
the issuance of Territorial bonds for
the benefit of the counties, was read
as follows, Mr.. Carter dealing with
both subjects in the course of his re-
marks:
Whereas, Certain bills have been in
troduced in the Legislature, now in ses-
sion, providing for construction of
roads, Wharvcs, etc, to be paid for with
funds out of current revenues and
county bond issues; and
Whereas, The business interests
represented at this meeting are strong
ly opposed to the issue of any bonds
for such purposes other than Terrific
rial bonds; now, therefore, be it
Resolved, That the members of the
Honolulu Chamber of Commerce, the
Merchants Association of Honolulu
and the trustees of the Hawaiian Sug-
ar Planters Association, in meeting
duly assembled this day, do hereby OPP
pose the policy of providing funds for
internal improvements by the issuance
of county bonds; and be it further
Resolved, That the members of said
organizations do hereby favor the gem
eral plan of providing funds for such
purposes, as far as the same may be
absolutely necessary, by the issuance
of Territorial bonds; provided that the
several counties shall repay to the Ter
ritory interest ana sinking fund
charges on account of such bonds as
are issued for local or county purposes,
and further that the expenditure of
any and all funds realized from the
sale of such bonds be made under the
supervision and control of a resident
commission on each island to be APP
pointed by the Governor with the con-
sent of the Senate, and to consist of
five members and of which the Super
intendent of Public Works and the
chairman of the respective boards of
supervisors will be eX ohicio mem
bers Offered by f. f. Paxton for
legislative committee of the Chamber
of Commerce.
At the outset of his remarks Mr.
Carter voiced the same objection to