The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1911-08-11
ECONOMY PROVEN
Revenue Less But the
Expenditures were
Smaller.
lTrom weanesday ;. Alverti.er.l }

surplus OF 81 ,UOl.l1 as compared |
with 1913, 3,6O2l2, which was "on han ~
year ago That this is going some
will be generally admitted. 1t is doubt
full whether any other Territory in the
United States can make so good a show
ing and certainly none of the ''island
possession" can talk about their mil
lion dollar surplus.
Governor Frear gave out the figures
yesterday and then ne left for a short
vacation of fo1r or FIVE days on Ka
uai. He is entitled to it for he is
the man above all others to whom
credit is due. Being a modest man,
however, he doesn L reach out for any
of the credit and he only casually men
TONED the surplus when remarking
upon facts that he is presenting to the
minister of the interior in his annual
report.
Large Net Cash Balance.
As matter of fact, indeed, the Gov
ernor merely remarked at first that the
aggregate net cash balance this year
shows an increase over last year of, in
round figures, 100000. He was pass.
ing on to deal with other matters when
The Advertiser asked him what the
net surplus was. The Governor went
into number of figures and then
said:
''The aggregate net cash balance in
all revenue accounts this year was ST.
OSl ,O5l 40 as compared with $SlS,6O2-
10 the wear before; that is the cash
from all revenues after paying all out
standing obligations.
sOf course the loan fund is an ea-
tirely different thing; you could Dor,
row million and half one day and
amend III the next without its hav-
ing anything to do with our financial
condition as far as the treatment OF
current revenues and expenditures. "
Larger Than Ever Before.
There was a time when deficits were
the order of the day in the local
treasury. The Governor said:
1D1ring the first FIVE years of terri
torial government there were net der
icits ranging from little over $lO,OOl
70 nearly 100000 in different years
That is, after deducting all cash OF
hanJ from the outstanding warrants, IN
debtelness in these amounts was lelt
ssDuring the last six years there ma
been' a net cash balance, that is,
snrnlus at the end of each year, vary
mo from a little more than $l6oOo
10 nearly 100000. That is in genera
account, ] cannot give you the aggre
gate for all revenue accounts eompln
cd. but it is mlch larger this yea
than ever before"
Receipts and Disbursements.
The statement the Governor original
Iy started to make reads as ioilo"S'
tThe Governor has had figures mad
MP showing the receipts ald dlsOurse
ments in the current revenue account
during the last year. The reeelpls 40
the year were $3,4S2,56O.S4 and the dl'
bursements were $S,5S4,5l76l. ina
the latter exceeded the receipts b,
slOl .e5677 while dlring the preced
ing wear the receipts exceeded the ali
bursements by $4l6,5s2.s7.
"This, on its face, looks as II W
had been going backward, unless, II
deed. the increased Disbursements ha
been made TO good advantage.
Things Not What They Seem.
"But things are not always wh'
thew appear on their face and, as
matter of fact, we were better OIL
the close of the last fiscal year tina
at the close of the preceding hsc
year by $2S7, ,449.60.
"The explanation is that the abo'
figures of receipts and lisblrsemen
are those in general revenue accouz
\ which are the figures generally look'
I 70. though often they lead, as IN IN
a ina
"There are many revenues as a.
tinet from loan fund accounts, ana d
bursements stated in the general u
CONT include large transfers TO
special aeeolnts SONS Of which, MOI
over, are only Of temporary naln
"If we take all revenue aeeonn
both general and special, together a
exclude the loan funl accounts, we "
6nd that a. thp close OF the fiscal "a
the aggregate cash balance was !
600, 2O00 as compared with f9i08s
63 for the preceding yeari Or an
crease this year of sesp 1888. A
II We deduct nll uuiHlandlng warTal
ho as 40 get ihe net eaeh balanee,
NiN lud ihst ihe agsffga'e nrl Il.
haiaaee THE year is larger Than y
0i last yesf hy 2HiliH.Nn. nhirh,
inffeased 10 fssf ii9bn, uu arf1u4f
iemp0rHp iinnrfel Nnigh NiiI h'
~ transferred back.
Vsfy Coed Showing
kma ahHHnina uH gaad HhnN
u E iun llHi rtfiW Nnf lHH
lHf ihl laH ffW ihHn in fhf pN
las lfhf anA iAaf M iNe amoHni
fIa4fsi flNa saf tHe lafaf'f &
t4lH w lHaNH ~ fA0 mlHHNff
aaaia 4IsINnl .H WfNan INm Z
maf laH1 saifl 800 ~ sHfN
HHHH