STAND. COM. REP. NO. 1800

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 1326
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No.
1326 entitled: 

     "A BILL FOR AN ACT RELATING TO LENDER EXEMPTIONS,"

begs leave to report as follows:

     The purpose of this bill is to encourage and facilitate the
lending of money from sources outside the State, thereby helping
to increase the supply of available capital in this State, by
repealing certain state licensing, registration, and tax
requirements for foreign lenders.

     The Department of Commerce and Consumer Affairs testified in
support of this measure.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
1326 and recommends that it pass Third Reading.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair