Chapter 56. To amend an Act entitled “An Act to amend an Act entitled ‘An Act to provide a government for the Territory of Hawaii,’ approved April 30, 1900, as amended, to establish an Hawaiian Homes Commission, granting certain powers to the board of harbor commissioners of the Territory of Hawaii, and for oth
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CHAP. 56.— An Act To amend an Act entitled “An Act to amend an Act entitled ‘An Act to provide a government for the Territory of Hawaii,’ approved April 30, 1900, as amended, to establish an Hawaiian Homes Commission, granting certain powers to the board of harbor commissioners of the Territory of Hawaii, and for other purposes,” approved July 9, 1921. February 3, 1923.[[S. 4309](/us/bill/67/s/4309).][[Public, No. 403](/us/pl/67/403).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That paragraphHawaiian Homes Commission.*Ante*, p. 110, amended.
(a)of section 207 of an Act entitled “An Act to amend an Act entitled ‘An Act to provide a government for the Territory of Hawaii,’ approved April 30, 1900, as amended, to establish an Hawaiian Homes Commission, granting certain powers to the board of harbor 1222commissioners of the Territory of Hawaii, and for other purposes,” approved July 9, 1921, is hereby amended to read as follows:" “(a) Leases permitted native Hawaiians. The commission is authorized to lease to native Hawaiians the right to the use and occupancy of a tract of Hawaiian home lands within the following acreage limits per each lessee. “(1) Agricultural lands. Not less than twenty nor more than eighty acres of agricultural lands; or “(2) First-class pastoral lands. Not less than one hundred nor more than five hundred acres of first-class pastoral lands; or “(3) Second-class pastoral lands. Not less than two hundred and fifty nor more than one *Proviso.*Residence lots allowed.thousand acres of second-class pastoral lands: *Provided*, *however*, That lots, each of one-half of an acre or more, of any class of land may be leased as residence lots.” " Sec. 2. *Ante*, p.112, amended. That section 213 of the said Act is hereby amended to read as follows:" “Sec. 213. Hawaiian home loan fund. There is hereby established in the treasury of the Territory a revolving fund to be known as the ‘ Hawaiian Home Loan Designated receipts covered into.*Ante*, p. 109.Fund.’ The entire receipts derived from any leasing of the ‘ available lands’ defined in section 203, these receipts including proportionate shares of the receipts from the lands of Huumula Mauka, Piihonua, and Kaohe Makuu, of which lands portions are yet to be selected, and 30 per centum of the Territorial receipts derived from the leasing of cultivated sugarcane lands under any other provision Total amount.of law, or from water licenses, shall be covered into the fund until the amount of moneys paid therein from those three sources alone Additional sources.*Ante*, p.112.shall equal $1,000,000. In addition to these moneys and the moneys covered into the revolving fund as installments paid by lessees upon loans made to them as provided in paragraph 2 of section 215, there shall be covered into the revolving fund all other moneys received by the commission from any source whatsoever.” " Sec. 3. *Ante*, p. 112, amended. That paragraph
(1)of section 215 of the said Act is hereby amended to read as follows:" “(1) Amount of loans limited.*Proviso.*On residence lots. The amount of loans to any one borrower outstanding at any one time shall not exceed $3,000: *Provided*, *however*, That the amount of loans outstanding at any one time to the holder of a residence lot shall not exceed $1,000.” " Approved, February 3, 1923.