Honolulu R.T. Co. v. Pub. Util. Comm.

The appellant, the Honolulu Rapid Transit Company, Limited, is and for many years has been a public utility engaged in the transportation of passengers for hire in and about the city of Honolulu and as such is under the jurisdiction of the public utilities commission whose duties and powers are prescribed in chapter 261, R.L. 1935. It appears from the record that in September, 1924, the commission established the rate base for the company as of December 31, 1923, at $3,250,000 and fixed the fair rate of return thereon at 8% per annum, since which time neither the rate base nor the rate of…