Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-01-02

= SGti vi hawaii, HAS ME
WI Secretary of the Interior Balm
Sei his report for the year endin.
Jute 30, 1910 The report shows
%teily developme mt of the territory
aii all lines, industrial, education
a nd otherwise.
report is full of statistics re-
%aFdlng all public matters in the ter.
lltoly, 1t contains statement of leg
isiation needed and which will proba-
by De undertaken soon by either ter.
llforial or federal governments.
Inc finances OF the Territory are in
excellent condition, according to the
report On this point, Gov. Freal
says in part:
Inc bonded debt of the Territory
at the beginning of the fiscal wear
was SS,559000, which was increased
"Hrlng the year by an issue of $500
VVo CT l-2 Per cent bonds and de-
creased by the payment of $4,000 of
me 1903 issue of 4 per cent bonds
leaving a total bonded Indebtedness
cl %4o19OCO at the close of the year.
Hitherto bonds have been roouir.
ca by the organic act to be redeem
'ole IN not more than five years and
payable in not more than fifteen
Years; but hereafter. under recent
amendment by Congress, bonds may
oe made redcemable and payable in
any number CT years not exceeding
thirty.
'on3 Sales Better.
Zach sale of territorial bonds has
cen made on a better basis than the
'enoHS one. In 1903 the - Der
bonds sold at so slight a prem
mat the percentage basis was
III l9Go, the Ia per cent bonds
at iW1, q percentage basis of
in 1895 the per cent bonds sold
t"I 80, percentage basis of $40;
IN J. the 8 10 per cent bonds sold
nj " %, a percentage basis of 3.57;
ana Ia 1909 the 10 per cent bonds
Hold at 1925, percentage basis of
BIG.
AT the beginning of the fiscal year
the cash balance in the sinking-fu1d
account was $29 532 &c, to which was
added during the year from lend
sales, public lands department, $40,-
4'2.45; from land sales public works
department. $1104; from revenues.
Itono ulu water works, .S13437.77;
from revenues Honolulu sewer works
$l,9S9.93; from interest on bank de-
posts. $215.73; and from general rev |
ehues as provided by the sinking fund
act, $l5,236.57, maxim ga total of |
Slo49l9,11, Of which sS0,O00 was
paid for redemption of per cent
bonds, as above stated, leaving bal |
a''ce of $24979.11 at the close Ct the !
year.
In the loan,fund account the cash
balance at the beginning CT the year
was SSJ 474S0 to which was added
during The year $19G. 500, making a to-
TAI OF $2Si97430, from which war-
rents have been raid to the amount,
or Sl91 3O9.95 leaving at the close CT
the year cash balance of 50 .GG4.35,
against which there were outstanding
warrants to the amount Of S2.4Go.G1.
RccIipts and Expenditures.
We receipts for the year were So
Gal l5.35, an increase of $3.50 1854,
over Inc amount, 50 O51. 526,s1, for the
hevious year. The expenditures were
$3&Ct364.2O, an increase of sS29
81 over the amount $2,934,98l10,
IL . previous year. The recaiDts
2eedcd the expenditures by $3.50
]"S,44, as compared with an excess of +,
VI lG,o42.71 in receipts over expendi-
lures for the previous year, and an
excess Of $147 G3954 in expenditures
over receipts for the year before that.
Banks.
The bank accounts continue to re-
1ect the waterialaTlUjEerity Of the
territory, They show aggregate de-
'osits Of f13324,So5.54. The CONNER
'lal deposits amounted to 50 O33,3 1885,
u ON December 81, 1909, an increase
If 81 Cos S9455 or 10 per cent, over
he amow mt for the previous year.
he saviBgs deposits amounted to 81
'9o9l9.57 on June 80, 1910, an il.
'reasG of S9GS O9l,7S, Or 20 per cent {
'vey the amount FOR the previous
,taf The number CT derositors in I
the savings banks numbered 12,404, /
~ Increase of $50, ior s per cent. The {
wings deposits averaged $345.99 Per 5
IcFosiior, an increase OF ;5632 or 90 {
~. cont Twenty-Five natlolalities {
N represented among the savings
- tositors; the number of Japanese {
J 'ositols decreased 149, although S
III agsFeg1te deposits increased; |
&c nump er of Haw liian depositors {
increased E34O; of Chinese depositors,
.; and n other depositors 664. I
Eleven banks were in operation [
uring theVyea", namelk, G at Honolu. I