Hawaii Holomua, Volume I, Number 17, 6 October 1893 — FINANCIAL NOTES. [ARTICLE]

FINANCIAL NOTES.

The financial statement for the week ending October 4th has been published. The actual receipts for the week were $54,912.75, and the expenditures were $74,821.13. The sale of bonds, and the rents received from the Crown Lands during the week increases the debt $10,400. The treasury balance on September 27th was $150,866.92; on October 4th the balance was $130,958.54; a decrease of $19, 908.38, A decrease of $19,908.38. and a debt of $10,400 in one week is not encouraging. We refer to the rents received from the Crown Lands as a debt, because we do not believe that this government has any right to use that money. Never before have those rents been appropriated by any government. If the present Executive did not wish Queen Liliuokalani to have the use of the income from that source, all receipts should have been specially deposited in one of the banks, and allowed to remain here, until the political question now pending is settled. That was the only proper course for the present government to pursue. The expenses P.G. memo. to date, is reported to be $135.462, 86. According to the figures as published, and to which no correction has yet to be made, the amount should read $137,483.11. The taxpayers have a just right to know how, and for what purposes this money is being disbursed. How much longer are they to be kept waiting for a detailed statement. Notices of withdrawals from the P.S. Bank have increasd the amount by $513. The cash on hand has decreased $1.406.13.