The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1913-07-29
FUNDS SHORT
IN TERRITORY.
Treasurer ConlSling Complies Fig
ures Showing Where Finances of
Territory Must Be Conservative
ly Handled to Meet Government
Expenses During Two Years.
s9JT-

cial outlook of the government for the
next two years and half and, from
conservative estimate made by this
official, well posted as he is, the flu
ture does not seem to be very bright,
so far as the public Golfers of the Ter
ritory are concerned.
Maui and Kauai have saved money
on the appropriations made for the
collection of taxes, while Honolulu went
over the limit by a trifie and Hawaii
got into the hole by almost $1,000. While
the appropriation for paying the cost
of tax collections is made by the Ter.
rilUry Ine amounts are deducted from
the tax collections before these are
turned over to the respective counties.
60 In closing up the financial year we
find we have little balance left over
from the appropriations for the colec-
ton of taxes in the case of Maui and
Kauai said Treasurer Conkling yes
terday. "Maui had originally exhaust
ed its appropriation, but an additional
sum of $500 was voted by the last
legislature of which amount only $500
was expended, so that Maui will now
be refunded the sum of $1,000. Kauai
figured well and has balance of $500
coming to it on the original appropria.
ton and is now that much in.
Oahu Slightly Exceeds Limit.
"Oahu went over the limit by about
fifty dollars and Hawaii, within two or
three dollars of $1,000. / am endeavor.
ing, through the assessors of these two
divisions, to have the supervisors of
the respective counties appropriate the
amount of overdraft to pay outstand-
ing accounts against their respective
tax offices. If they do this, merchants
and tradesmen will not have to wait
for the legislature to do so. They will
not really be paying money for moth
ing for, if the legislature is called up.
on to appropriate money to settle these
claims, the amount SO appropriated will
eventually be deducted off the tax sums
going to the respective counties.
81 endeavored to have these out
standing amounts paid out of the Gov
ernof S contingent fund, but as that
was nearly exhausted this could not be
done and as there is nc way to get the
money back to the Territory, except
by special act of the legislature, / feel
confident the Oahu Supervisors win
come through with the necessary small
appropriation, and on Hawaii, because
they are so generous, having given Tax
Assessor b. q Forrest q $S00oautonp-
blle, "a mere matter of two or three
dollars under "a thousand should not
stand in, their way, .goe Eos ~
lE7ls Lean Months Ahead. 90 q
"During the year 1914, unless spe.
cial session 0f the Legislature inter
venes, the general fund of the Terri
tory will be very hard pressed to meet
all the demands on it, continued
treasurer Conkling. ,.rt sU
"The net current cash balance of
$660,OOO, with which we started on July
l, will have been entirely used up by
June 80, 1914. The lean months next
year will be February, March and April
IN one bunch and july, August, Septem-
Der and October in another. Great care
will have to be taken in the expendi-
lures of all territorial departments
which are financed by the current fund
Pm order to make all ends meet.
''If it was not for the net cash bal
ance carried over on July ! last we
would be unable to run, as far as the
general fund is concerned, so far as we
have already this fiscal year.
81 estimate that the receipts up to
December 81, this year, from all sources
to the general fund, will amount to
$l,350,000, including the $660,000 cash
balance brought over from the last ifs
cal year. The disbursements from this
fund will amount to $1,000 900, SO that
we should start on January l next
the second half of the first fiscal year
with little over 100000 net cash bal
ance.
Now, with this amount of money
TO start with and the receipts only
amounting to about sl65,000 up to tn,
end of March, we arc going to have 3
hard time to take care of disburse
ments amounting to at least $3.50, 900
1t begins to look as if about April
next something will have to stop ant
then there will be wait until the mid
die of May following, when the taxe
come in.
''The close of the fiscal year will Sc,
us with a cash balance of about 100000
instead of the 100000 which we start
ed with. Then the tirst four and {
half months of the calendar year o.
1915 will have the regular session o
the legislature in session again, Whicl
will have to take care of the futur
government finances.
"'The pessimistic view ! take o
things may be unwarranted at thi
time if expenses are not cut to a linn
permissible with the safeguarding o
public health, the carrying on of tn
necessary public work and the trimming
generally of overhead expenses.
Tie Territory Is living principally o.
the receipt of the income taxes pai
into the treasury. This tax is large o
small as the price OF, sugar is high o
low. The price of sugar for 1912 an
1918, coupled with short CROPS, ha
made this income tax shrink consider
ably, This win b. felt on the pre-
vious years earnings.
Valuation Has Fallen.
The assessed valuation Of the TER
tory, for taxation purposes, has falle
by Sl,600,000 since January |, 1911.
while the taxes collected have increai
ed over $4,000 due TO the raising @
the rate, which this year il, on oahl