The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-12-04

$3.50.
| Esiimatod revenue, based on aver.
sE J. (, q /, previous s. nine months revenue
holders Of the Honolulu Rapid Tran
s ana Land company on Tangible
Total cash paid in. seoc,5ot
$3.50.
S75s,12a
TcrritOry's Contribution Paid Ana y
BE Paid Prom Surplus Earninrs n
Excess Of legal Eight Per Cent DIV.
blends on Tangible Property.
snblie contribution IA "a DOC
Bonds retired ............... I34,OOf
Bonds TO be retired . 4O6,OOo
49,
A6ls.0Dc
On Irtangibio Property
(Hawaiian Tramways Franehise exnir.
ing Sept. Is, 1851
/ Stock issued in exchange a 1Ol.0O0
Bonds issued in exchange 100000
1850 ---- 2 49,. 49,
Unsogregated Surplus
AS shown in summary 90 262.044
$1,000
Total Interest Of Territory 81. 1871 .944
Reorganization
Stockholders ($l5l,625 being
bonus) ....l.'.........& 758.l25
Stockholders undivided earn
ings Observation-Disclosures. 262 ga
-
4tO2l .06o
~. j
MS amount ($L02l ,O69) Is already
lcapitalizcd by stock issues totaling 81, !
~, ,2VV;
Act l50, 3. L. 1913, attempts, az this
b boa 70 eaplsaaizc tne above $!,O2l,-
w at Si,oVV,VVu, having an indicated
p'aFket value 81 sz,27V 200.
AS this utility must carry at present
otner oDligations 70 the amount Of
soys IVY, y would seem that capital
lzat,on o. sz,2of,0OO par or $3,2l7,00O
lnaI l omitting the territory's equity
% 5000, on
- ~ Ia,les pass Track and sidings,
iss m;1ss s fsn;a Rass, Snd iIelgnt,
III milo car harm ana vs+s -u
-----.
1911 miles. Il extendinp capitai;zat;nn
to aucstionable Valuation ner rs;is
and nndoubtedly 10 'an ,,pinstiflshis
curfhilaieht of uubIie service ~ :
siAs Act lac, q n io1ar AYES an 49,,
public very long term esnital ~ ~, !.
don AZ bfph rates. and. 'as snv axtsr.
sions Or improyements must camo
from new issues az stoeka' or bonJs
and from the analysis above nresert
cd | CANNOT f,nNaCI EsN1rtfnf fr, ~ \,
COMPLY WITH mis- REofI ne n. ~ :
THE UTILITIES COMMISSIONS Am
PRESIDENT e AND q MANA'C ER = AZ
THE IN HON OIsIJI,TJ r. A n M TR 4, seIT
COMPANY \, !. Y A S'' Z -
i. however. ~ reouestod forw.r5 81
tho Honorable the SeeTetatv ~ M
interior the letter Of the IJtilities cor.
mission. t ~
The Utilities Commission A. A. Thar.
ty to make such use az this co,nmnhi.
cation as II deems best '-7f'-i
Very resnectfn1iv
(Signedl LUCIIiS b. PfNKHkM
Governor ~ Hawai-;
oomr,fs-,or n, .,,,.o,,,.. "a !
"A ,r,1 -, s--'se
i l reading or tne uovernor's letter
a. Nne meeung OF the public utilities
sonii'ission yesterday Drought forth a
uupioer o. expressions OF regret that
W. sNecutlye mead Of the Territory
ypuip noI see als way clear TO accept
ync views o. ms predecessor Of the
~ Eisittnre, q tne commercial bodies of
ene eity ana OF the general public,
views ,ex pressed clearly and anphatical-
y mIa,ng tne passage OF the bill IN the
, psI..s m and since.
- g.u . aisnstt
ts con,ihlssioher y; n. p. WiiIiamsesug
gpssed tnat letter De sent the Gov
s .,i aekllowledglng receipt OF his let,
~, an1 ne dIctated, as a draft, the
p.1Poseu eo comm IN which nc
s NV We commission noted with regret
s saat lee eniei executive could not use
nis lnIuenee upon the secretary OF In
IT'D so e. TINS transit oili passed.
!, Dsyonu the dletation OF TINS letter,
t hs o so,,ln'lssieh mane no comment on
ene yoyernorss action. Inc commission
w. nad eaiied upon him almost two
with them in getting the measure