Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-03-30
REPORT or THE CHAMBER or
COMMERCE COMMITTEE ON
PUBLIC FINANCE, TAXATION
AND INSURANCE.

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To the Officers and Members Of the Z
1 HCnom'u Chamber of Commerce,
/ Honolulu. T. Fl.
Gentlemen: In submitting re-
port OF the activities Of this commit,
tee fer the year past, We will simply
outline work which has been under
taken and refer to the individual re-
ports made to the directors from time
to time.
| Insurance.
Upon the declaration Of war In Eu-.
rope, the question of condition AMI
ability of foreign insurance compan-
les, who were doing business in this
Territory, to meet their obligations
and responsibilities in case Of a gen
eral conflagration or other disaster,
was submitted to this committee.
We ascertained, that, with the ex-
ceptich Of two companies, all of the
{ fire insurance companies have United
States branches, and have assets with
In the United States. which may be
levied upon for the protection of local
!, or mainland policy holders. Under tbs
state laws of the several states a de-.
pcsit or invested reserve fund, under
the control CT the insurance commits
sioners, is required as a guarantee of
the insurance company's ability to-
meet all Of its obligations under any
OF the policies which are written: Up
to the present time we find no occa-
sion for alarm or do we recommend
any change relative to the placing of
insurance.
Public Finance.
Particular attention has been given
by your committee to the matter OF
public finance and the system Of ac-
counting relative thereto. Early in
the year joint committee was
formed, made up of members of a
special committee from the Honolulu
AID Club and the members of the
Chamber of Commerce Committee on
Public Finance, Taxation and Insur-
ance Our procedure has been con-
Quoted with the cooperation of the
Governor OF the Territory Of Hawaii,
who has collaborated with us on all
matters which have been presented
for consideration. Mr.. H. Gooding
Field, who was member of the spe-
ciBl committee from the Ad Club. gave
most Of his time, without compensa.
tion, for several months prior to the
close of 1874, to the work which our
research required and the conclusions
set forth in the monthly reports have
been based largely on his findings.
During January and February further
expert services were required or Mr..
Field. in order to obtain pertain spes,
.cial information which Go~ernor Pink
ham and the joint comm ttee wished
to obtain. and under authorization by
the directors OF the Chamber of Com.
merce. sMr Field was regularly EN-
ployei for the first two months OF
this year to February q, 1915.
In order that we might offer sugges-
tons which would lead to the better
ments ofsconditions 1t was decided to
take up the three primary classes OF
transactions in government affairs.
enues; and OUTLAWS and expenses.
Referring to Mr.. Fields report, dat.
ed October 20, 1914, the manner OF
collecting government revenues in the
Ilol.iq'N eaA o.Ice was nrss cols'u.
s s.e an sAdhllnasion Mas Inaus =.
.ns au1oihOnile rsglssIs sl'l anu 'aAes
c. I'll anu y was Iounu .n la, uue
ellne. 70 aeisiic'ion "a ohice, =. ~
s.atea conhlct 70 anenorlty, cVlsiuel
ayle SUMS q inOhsy uue me $500 $500
nsnt nan' noa peen anu we're no. '.tf, l.s.
co ~. oee lnsellIn Iepols' "a
oil'cet sOctopef %, 10 -
We are now advised that the coilec- |
ton Of automobile taxes is we'll Id |
hand We would respectfully refer
you % the report OF our committee OF
December 3. 1914, which outlined the
conditions as we then found them. and
would say that our attitude IN the
premises has been heartily supported
by unanimous vote OF the directors
tSee report Of December 3, lsl4-snp-
mitted herewith
The very important matter Of inven
tories Of government assets has had
our attention and II was found that |