Hawaii — page 65: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

56 INDUSTRIES AND COMMERCE. where potatoes, corn, beans and pigs are raised. Thou- sands of acres lie idle here as well as in Hawaii. On the island of Oahu, a line of railroad has been constructed, and runs from the city of Honolulu to a dis- tance of thirty miles, along the coast. In the future this road will be continued around the island. Rich farming and coffee lands will be opened up, and every means of transport for the produce will be-offered. This road offers special inducements to any one wishing to invest, and special rates should they settle. Land can be obtained from the government in two different ways. The cash freehold system, and the right of purchase leases. Under the freehold system the land is sold at auction. The purchaser pays one-quarter in cash, and the rest in equal instalments of one, two and three years. Interest is charged upon the unpaid balance at a rate of six per cent. Under this system the pur- chaser is bound to maintain a home from the commenc- ing of the second year to the end of the third year. The right of purchase leases are drawn for twenty-one™ years, at a rental of eight per cent. on the appraised value of the land. The lessee has the privilege of purchasing the land after the third year, at the original appraised value, provided twenty-five per cent. of the land has been cultivated, and other conditions of the lease filled. In this case a home must be maintained from the end of the first year to the end of the fifth year. The homestead leases are intended to provide persons without capital, and their heirs, with permanent homes. They run nine hundred and ninety-nine years, subject to Eomicbooks.com 7 b J ‘ 4 so oe .. Py :