The Hawaiian gazette., 1914-09-08
TERRITORIAL BOND
ISSUE IS DtT TAILED
/. TO GUIDE BIDDERS
Prospectus Published in New
York City Calls for Sealed
Proposals

ling, territorial treasurer, inviting pro
posals for Territory Of Hawaii -four per
cent public improvement bonds, have
been received by Henry c. lEIapai, dep.
uty treasurer and registrar o. public
accounts The following is reprinted
from The prospectus:
Sealed proposals will be received
by the undersigned for the purchase
of all or any part of an issue Of $780,.
600 four per cent public Improvement
coupon bonds of the Territory Of Ha-
waii. The bonds will be of the dcpomi
nation OF $1,000, $500 and 800, will be
dated September 10, 1914, will mature
September 10, 1914, and reserve an OPP
tion Of redemption on aud after Sep
tembcr 10, 1884. Interest will be pay
able senii-annually. Principal and in.
tercst payable at the Office of TIM treas
urcr Of tho Territory in Honolulu, Ha-
wall, or. at the option of the holder,
] at the Office Of the United States Mort
gage and Trust Company in New York
city. ~ .,I !
"Under the statutes these bonds are
the absolute and unconditional obliga-
tions Of the Territory and direct
i charge upon its consolidated revenues.
4 "Undcr the Acts Of Congress, the ap-
'lprova1 Of the President Of the United
States is required for the issuance of
these bonds, and this approval has been
obtained, and Is on file in the Office Of
the secretary of the interior,
/ Total Issue 1,4s0,ooo
ny w. f ,s =, t sp nSe ~ ~ tI
io,';,,' ,n,,n,s anJ XXI, ~
/. s AZ I'D, noo y, tInoe Lo,,,Js Sina 400 h
q. gl,o !. . ptSygo oon ~ sion a..
T' Stsrho ~ ~ 70 ~ g. 4ysS oon 'rar
~, 80 4, tS,rO,,,i n, t;ars -, ,,,,tad
49,, s -, ~. ,,,,rnbasas
's'tTL. Irn;,cd Statos traas,rv dsnart.
j ,a,,t ~, ih1sr;ga. tho st,tS,,,c,,t tbsti
tboas 49,, ,,,iii he oosoT,tad as s..,,r.
Iit,, 90. ..,,hl,e aonosits ~ tha;y nar
ySa,n a. NJ ~. aIceeJ;ng tbo;r mark ~
vaiue y v hen fnrther Jenosits arc made
fSIInder 4 rilino If tho United states
treasury department these bonds may
| be substituted for United States two
, per cent bonds by national banks
IL said United States bonds are used
to secure additional, circulation.
"The bonds will be lithooraphed IN
J der the supervision of, and certified as to
n their genuineness by the United States
\ Mortgage ana Trust Company Of New
/, York City, The successful bidders will
be furnished with the opinion of Messrs.
Dillon, Thomson & Clay Of New York
4 fCity, that the bonds are the legal, and
!, valid obligations of the Territory.
poods rx.mn. Prom Taxation
1l ~ - : ...
VI "Bonds of the Territory are exempt
by law from taxation in the Territory.
H'These bonds are exempt from taxa
III tion under the federal income tax law
3 and by recent decision Of the United
1 States Supreme Court are exempt from
Z taxation by any State in the United
4 States or any municipal or political
|; subdivision OF any such State, the same
: as bonds or other obligations or securi'
4 ties Of the United States. See Farmers
Mech = Nay say, q IN mH9n 't berisiN NS
: Feb. "a, 19l4. a4i'.@. .,. 49,.
/ HBonds of the TERRITORY of Hawaii
are legal Investments for the saving.
. hanks of the State of New York also
!, lin Miebipan, New Hampshire ant
a Rhode Island, and for trust funds il
4 New York.
!. uiEanh bid ,sbnnia ~ o,t slo,rlv IN,
v tn,.i No.. ,falun ~ tha hontbs desired
!, snd ,hs omount which together witl
L aner,,ca ;ntorast ~ dsts ~ 5eIivery N,
IbiafIer Oilers 10 INV therefor, Each biz
must he accommodated by a duly certi
fed check upon bank or trust com
pany Ia the order Of the treasurer O
i The TERRITORY of Hawaii in the amour
Of TWO Der cent of the par value of tn,
bonds Tor which application is made
NJ Checks of unsuccessful bidders will b
returned by mail after the opening o
the bids, Checks of successful bidder
will be retained until delivery of tn
Il" tonds awarded and payment therefor i
Il made. The failure To- make such pay
d ment will forfeit all right to the bond
and the check accompanying the BIZ
will be collected and its proceeds re
tanned as liquidated damages.
,c,ora,tio,,,, ~ p,Ad,no
al INV - = = y u I'-'f'N = 7.. .
II "Unless otherwise stated in the BIZ
" each biH will be understood as an ole