Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-04-24
CContinued from. page oner

| With but one or two exceptions these
questions were answered in the af-
Ifirmatne
II vas the opinion Of the committee
/ that the Rapid Transit would have no
objection To paying T. thu city and
county ~. per cent OF its annual gross
. receipts should the proposed new
charter be ratified by Congress. Dur
/ ing the discussion on this question
Commissi 1ner Williams suggested
that this payment 10 the city and
county lie used for ROAD work. II was
also intinlated by the Rapid Transit
G. Inmittee that in case the new char
ter is ratified this year, the Rapid
/ Transit would pay TO the city and
county 2lg per cent OF its gross earn.
ings for the year 1915. In this con
nection Chairman Forbes stated that
there is litIe doubt that the new
charter will be passed in Congress
this year.
Based on Utility Business.
/ This proposed payment IL the city
ard county means percentage of the
gross receipts from the utility bust
ness of the Rapid Transit, including
the carrying of passengers and freight.
Incomes from the baseball park, aqua
rum and rents are not included.
There was considerable discussion
ever a question asked by Chairman
Forbes whether the Rapid Transit
would he willing to give an indemnity
bond to the city and county for the
protection of its streets Manager
= Il.
pose of giving bond. Chairman Forbes
answered that its purpose would be
so that the city might feel protected
in case it came to the necessity OF
having TO repair some of the com
pany's work.
That is all provided for in our
present franchise Attorney Withing-
ton remarked
Details Talked Over,
Chairman. Forbes asked whether the
company, in the event of the passage
of the franchise, would carry a depre-
citation fund, no part of WHICH should
be taken from other funds.
-"YGu mean that the years deprecia-
ton be put in cash fund by itself,
and that i apply to- renewals" Mr.
Peck INQUIRED. .....-
Exactly answered Chairman
Forbes. but this fund would not
cover repairs. 1t would be merely
replacement fund In other words. the
fund would be of size so that the
company would not be handicapped
for ready money to make any replace
merts' ~. ....... ... 49,
In the matter of an iHdeterminate
clause in the proposed franchise it
appeared to be the opinion of those
present thst such clause would be
necessary. There was little argument
on this point -.
Reyerting to the, depreciation fund,
Chairman Forbes stated that all pro.
posed extensions by the company
would be made out of its capital, and
not from its earnings. He added that
he was not opposed to a depreciation
fund sufficient to take care of 20 per
cent OF the comrany:s entire installa-
ton.
Regarding the indeterminate clause
by which the charter might be re-
yised or entirely set aside by Con
9Tess-ChaiTman Forbes wanted to
knew if this was favored by the COM
pany. Asked Tor his opinions, Mayor
Lane declined to make a statement,
saying that he was at the meeting as
a citizen, and not as a representative
of the board of supervisors or city
r aVors Principle, Says Peck.
AS to the principle involved, we
have never voiced any disapproval,"
SAID Mr.. Peck. Il am in favor of the
principle of it. D.. -.
botn Chairman Forbes and Mr. Peck
stated that they did not believe Con-
sTess would consider franchise not
an indeterminate clause.
Chairman Forces asked whether the
company would Immediately begin
preparations for proposed extensions
and Improvements should the new
charter be fully approved here and
sent to Congress.
Personally" said Mr.. Ivers, 81 be.
lieve that the company would not be
warranted in spending any large sums
CT money until ii knows how. it
stands. ." T..
We had one franchise which was
approved here, but which did not go
through Congress, declared Attorney
wilmington. It was blocked by a |
gentleman who went before Con-
gress''
Chairman Forbes said that the COM
mission feels that the proposed extern
sions by the company are very ma
terial, and that it believes they should
begin as soon as the new charter goes
up before Congress. He spoke of sew
eral extensions which have been de
manded' by the public -.
What extensions have been de-
manded?" inquired Manager Ballen-
tyne. ...#=.
Fort Shafte: extension. Liliha en-
tension and Kaimuki extension"
Chairman Forbes replied.
Want Assurance for Bill.
Mr.. Castle stated that he, felt the
directors of the ComOany would not ia