Hawaiian Homes Commission balance sheet as of June 30, 1935—Continued

Hawaiian Homes Commission, statement of operations, July 1, 1934, to June 30, 1985

Hawaiian Homes Commission, statement of operations, July 1, 1934, to June 30,

COUNTY AND CITY, AND COUNTY GOVERNMENTS

Local governments in Hawaii were first established on July 1, 1905, the Territory being divided into four counties. On July 1, 1909, the, county comprising the island of Oahu was converted into a city and county, known as the city and county of Honolulu, with a mayor.

The other counties are Hawaii, including the island of that name; Maui, including the islands of Maui, Kahoolawe, Lanai, and all of Molokai except the leper settlement; and Kauai, including the islands of Kauai and Niihau. The leper settlement on Molokai constitutes a fifth county, Kalawao, which is under the control of the board of hospitals and settlement.

FINANCES

Bonded debt June 30, 1935

[The total bonded debt on June 30, 1934, was $32,012,000; $110,000 serial bonds, issued Nov. 15, 1927, matured on Nov. 15, 1934; $63,000 serial bonds, issued May 15, 1928, matured on May 15, 1935; $47,000 serial bonds, issued Feb. 1, 1929, matured on Feb. 15, 1935; $77,000 serial bonds, issued Nov. 15, 1929, matured on Nov. 15, 1934]

Assessed value of real and personal property, 1935, by taxation divisions

Taxes collected by years ending June 30, since organization of territorial government-Continued

1,681, 269. 49

1, 639, 175. 12 2, 601, 930. 53 1,796, 825.92 1, 880, 847.83 2,080, 635. 71 2,726,650.04 2,667, 175.90 3, 173, 644.99 3,256, 574.85 2,898, 447. 70 3, 108, 785. 52 3,927, 366.30 4, 441, 067. 11 5, 238, 452, 13 5,785, 845. 70 7,466, 334. 22 9, 805, 293. 61 9, 850, 962. 82 9,798, 789. 19 11, 411, 958. 31 12, 067, 159. 40 12, 915, 873. 46 14,003, 878. 27 14, 884, 100. 90 15, 209, 175. 92 15, 841, 870. 18

75, 736. 49

298, 671. 03

132, 508. 48
89, 087.25
194, 336. 04
136, 681. 07
141, 184. 54

16, 345, 425. 02 14, 626, 183. 72

BANKS

Seven banks, with 23 branches, were in operation in the Territory at the close of the fiscal year June 30, 1935. These seven, with main offices in Honolulu, were Bank of Hawaii, Bishop National Bank of Hawaii, American Security Bank, Liberty Bank, Pacific Bank, Sumitomo Bank, and Yokohama Specie Bank. Of these 7, 3, namely, Bank of Hawaii, Bishop National Bank of Hawaii, and American Security Bank, maintain branches in various parts of the Territory, to wit: On the island of Oahu, Bank of Hawaii at Pearl Harbor, Waipahu and Waialua, Bishop National Bank of Hawaii at Schofield and Waialua; on the island of Maui, Bank of Hawaii at Wailuku, Lahaina and Paia, Bishop National Bank of Hawaii at Kahului and Wailuku; on the island of Hawaii, Bank of Hawaii at Hilo, Honokaa, Kohala, Kealakekua and Pahala, Bishop National Bank of Hawaii at Hilo and Kealakekua; on the island of Kauai, Bank of Hawaii at Lihue and Kapaa, Bishop National Bank of Hawaii at Waimea and Koloa, American Security Bank at Kapaa; on the island of Lanai, Bishop National Bank of Hawaii at Lanai City. All of said banks and their branches have both commercial and savings departments.

The new bank, the American Security Bank, was chartered to do a banking business by the treasurer, Territory of Hawaii, on March 27, 1935, with main offices in Honolulu and a branch at Kapaa, island of Kauai. This bank was financed by the Reconstruction Finance Corporation and by stockholders and depositors of the old Chinese American Bank, which was taken over by the treasurer, Territory of Hawaii, for liquidation, pursuant to section 6613, Revised Laws of Hawaii, 1935. This new bank purchased a portion of the assets of the Chinese-American bank, thereby making possible a partial distribution of dividends to the depositors of the Chinese American Bank. The American Security Bank became a member of the Federal Deposit Insurance Corporation on April 24, 1935, thereby giving to its depositors the benefit of insurance and guarantee against loss on accounts up to $5,000. It is the only bank in the Territory of Hawaii affording to depositors such insurance.