Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-01-19
Will REDEEM
OLD WARRANTS
Hawaii County's Improved FL
nanceS to Allow Paying
Back Accounts.

HILO, Jan. 16.-Next Monday the
County will begin to redeem the first
batch of registered warrants which
the improvidence of some of the mem
bers of the old Board of Supervisors
made it necessary to issue to tide the
County out of it's financial difficulties.
Last week, when he made the an
nouncement of the fact that some of
the registered warrants would be re-
deemed, Treasurer Swain at the same
time gave some idea of what is the
financial standing of the County,
thing which has been practically i'm
possible to get for years past.
Swain showed that on Dec. 81 of
last year the County received the
first instalment of the six-monthly
settlement balance due from the Ter
ritory, in the sum of $21,000 To this
was added the remainder of $16S61.-
80, the balance of the settlement
making the entire amount for the six
months past $37,861.S2.
Out of the General Fund.
1t is this sum which will make il
possible to redeem out of the general
fund some of the ancient obligations
incurred by the various districts. On
Jan. 3 there were outstanding against
the County 41,293.38 in unredeemed
warrants, and the amount is swelling
daily. 1t is SWANS intention to re-
deem all the warrants which were
dated up until Nov. %, 1910, the date
having been chosen because the
County will have just about enough
money to spare to pay warrants up
until that date, the amount involved
being $22,1S440. When this money
has been paid out for the redemption
of warrants there will be only bal
ance of about $4,000 left in the Coun-
ty treasury to the credit of the gem
eral fund.
The following totals of the warrants
up until the date mentioned which
will be redeemed will show the stand
ing of the various districts:
Puma, $10,521.23; South Hilo, 81
S60.5S; Hamakua, $4,5OO79; North
Kohala, $334O.2O; South Kona, $1O3.-
%; North Kona, $S5S.40.
These figures, of course, show
merely the warrants outstanding for
the districts mentioned up until Nov
%, 1910 and this explains the fact
that there are several districts which
do not appear on the above list,
though there are warrants outstand-
ing against them, but these were dated
on later dates.
1t is interesting to note in this con-
nection that in the past, when war
rants have been redeemed, the law
does not appear to have been follow
ed at all, which provides for a rcgu-
lar procedure with legal notice, etc.,
to be taken by the Treasurer. The
law provides that such notice must
be given five days before the date
when the warrants are to lie redeem
ed, and after the first publication of
such notice the warrants cease to
draw interest.
With regard to warrants which are
not Immediately presented for pay
ment, the law gives the following
course of procedure:
"If such warrants shall not be pre-
scented for payment within sixty days
from the time the notice hereinbe-
fore provided for is given, the fund
set aside for the payment of the same
must be by the Treasurer applied to
the payment of unpaid warrants next
in order of registry. The Board OF
Supervisors may, on application and
presentation Of warrants properly en-
dorsed which have been advertised
and not presented within sixty days
as aforesaid, pass an order directing
the Treasurer to pay them out of any
moneys in the Treasury not otherwise
appropriated.