The Honolulu Advertiser from Honolulu, Hawaii • 24

ijjlfiiHyi'liiirnir'i D4 Tuesday, April 27, 1903 The Honolulu Advertiser i MONEY Valentine Kepilino, 67, musician Annual meeting no love-in for IBM chief lDGOs. He was a member of Genoa Keawe's group from the late 1960s through the 1980s. And as a member of the Hawaiian Airlines promotions team in the 1970s, Kepilino traveled to the Mainland, Europe, and Alaska. Kepilino composed the lyrics and music to such works as "Mele 'O Lana'i" and "Ku'u Aloha Nui." He also composed the music for numerous songs written by Ma-lia Craver, including "Pu'u-honua Nani," "Aloha Kalanianaole," and "Ku'u up here and have my name on a list to be elected," said Dr. Gilbert Jannelli of Clearwater.

"How can you work with that group of people when their attitudes, their trusted decisions caused this company's demise?" About 2,300 shareholders, many of them Florida retirees and longtime company employees, attended an unusually contentious meeting that reflected just how far International Business Machines Corp. has fallen. The meeting capped a remarkable four months at 79-year-old IBM. In addition to hiring Gerstner as its first outsider chairman, IBM laid off workers for the first time and Associated Press TAMPA, Fla. Angry IBM shareholders yesterday unleashed a torrent of pent-up frustration at new Chairman Louis Gerstner, who promised to revive the computer maker but asked for patience.

In just his 18th workday at IBM, Gerstner tried to use the annual meeting to focus on a broad outline of goals. Instead, he heard impassioned calls by dozen stockholders for the ouster of the board of directors that were greeted with loud applause. "If I were a director I would be embarrassed to even show Business: Insurance crisis FROM PAGE D1 at new ways to buy insurance," she said. Takayama also said that her office's recommendation to the Legislature for a state hurricane insurance pool would cover homes and small businesses up to $1 million. But that's not sufficient, the Chamber of Commerce of Ha-' waii said.

"This would probably leave the majority of businesses either uninsured or subject to prohibitively expensive property insurance coverage. When combined with the escalating costs of other lines of commercial insurance, this situation could translate into higher costs and unemployment rates for all the people of Hawaii," the Chamber said in testimony before the Legislature pp the hurricane insurance pool proposal. One of the problems with creating a state insurance pool is that the State of Hawaii is too small a market to properly cover its insureds in the case of a major hurricane-like disas- ter, McGuire said. "We do not have the capaci-: ty to absorb the loss," he said. The Chamber's position is that a state fund should be es-; tablished in such a way that it can receive and distribute fed-! eral funds in case of a disaster.

In the meantime, many busi-; nesses are struggling to find coverage. Kepilino is survived by his wife Elizabeth Eric, Zepherin Dathan, Michael and daughter Lori-Ann "Momi-lani" Sayers; sisters Jenny Ahia and Harriet Fernandes; brother Sylvester; one grandv son; cousins, nieces, Friends may call 6 p.m. to. 9 p.m. tomorrow at St.

The-: resa's Co-Cathedral, 712 School Mass 7:30 p.m." Friends may also call from 8-' a.m. Thursday; service 10:15 a.m. Burial 11 a.m. at Hawaii State Veterans Cemetery. Ar-; rangements by Borthwick.

Mortuary. born In llocos Norte, Philippines. Sur-: vived by sons, Jed, Roy, Mike of HUc, daughters, Rosie Caracol and Cindy; Aguinaldo; nine grandchildren. Friends. may call 10 a.m.

to 12:15 p.m. ThursT day at Mililani Downtown Mortuary; service 12:15 p.m. Casual attire. Burial at Nuuanu Memorial Park. REV.

CHARLES "KAHU" TANG 60, of Honolulu, died April 26, 1993. He was born in Honolulu and was the pastor of the Lanakila Church, The Church of the Gospel of Jesus He was also the proprietor of Hawaiian Foods Unlimited and the Party House. Survived by wife, Avis-Ann; sons, Charles Jr. and Russell daughters, Mrs. Alvin (Sharon-Ann) i Akana, Mrs.

Benjamin (Rowena-Mae) Wong and Annie-Amoy Tang; Mrs. Henry (Beverly EJ McKeague, Mrs. Robert (Noriko) Tang 17: grandchildren; nieces and nephews. I Friends may call 6 to 9 p.m. May 6 at Diamond Head Mortuary; service 8' p.m.

Or 8 to 10:45 a.m. May ser-' vice 10:45 a.m. Interment at Diamond1 Head Memorial Park. PAUL R. TINGLE, 45, died April 1993.

He waged a courageous battle against Hodgkin's disease. He wished to acknowledge the help and support he received from his many family and Dr. Ken Sumida of Honokii lu and Dr. Steve Hancock of Stanford University Hospital. Survived by wjfe, Jan Futa; mother, Helen daughter, Dawn Klocek; a grandson; sisters, Beatrice Webster and Janice.

Elliot; brothers, Bruce, Greg and Dean. Memorial donations to the American Cancer Society. Arrange' ments by Hosoi Garden Mortuary. HOWARD KEIJI YOSHIMOTO, 51 of! Honolulu, died April 25, 1992. He was born in Eleele, Kauai.

Survived by! brothers, Norman of Hilo and Glenrt of California; a sister-in-law; a nepfn' ew; uncles and aunts. Service 6 p.m. tomorrow at Borthwick Mortuary. Nq- flowers. Casual attire.

DEATHS ELSEWHERE THOMAS J. LONG, 82, co-founder of Longs Drug Stores, died recently Walnut Creek, the company announced yesterday. Vfj. His nephew, Robert Long, chairman of the board and chief executive officer of Longs Drug Stores, said rus, uncle's passing was a great loss, to his family, friends and the company he helped found. Thomas Long and his brother, Jo-' seph, established the company frt Oakland, in 1938.

From one1' store, the company grew to 274 stores in five states including 24 out lets in Hawaii and reported gross sales in excess of $2 billion during its most recent fiscal year. Thomas Long retired from the corn-, pany in 1975, but continued as a til-; rector. He was also active In civic and philanthropic activities and was a benefactor though the Thomas Long Foundation. NOTICE LEGAL NOTICE the date of first publics-tion of this notice. FRIDAY, the 28th day of May, 1993, at 9:00 a.m., in the courtroom of the Presiding Judge in Pro bate, in Kaahumanu Hale, Honolulu, Hawaii; have been appointed the time and place for bear ing said petition.

Any interested person who desires any further notice concerning the tate, including notice concerning the closing and distribution of the estate, must file a demand for notice with the court under HRS All creditors of thi above-named estate are hereby notified to present their claims with proper vouchers or duly authenj ticated copies thereofs even if the claim is secured by mortgage upon real estate, to said nomi-; nee, at the address shown above or at P.O. Box 619; Honolulu, Hawaii 96309, witlun four months from, the date of the first publication of this notice or; they will be forever ban-ed. ''( Nathaniel H. C. Kim Acting Chief Clerk (Hon.

Advj Apr. 13, 20. 27 1993) (A-200M)' Valentine "Val" Kaleikoa Kepilino, a self-taught musician and composer who performed with many well-known local entertainers, died Saturday. He was 67. Kepilino was born in Honolulu and reared in Kakaako and Punchbowl.

After graduating from St. Louis School in 1945, Kepilino joined the U.S. Army. He retired in 1965 and went to work for the City and County of Honolulu. He retired in 1989.

A renowned pianist, ukulele player and bassist, Kepilino was the leader of "The Kani-Loas" in the early OBITUARIES ROBERTO ABILA, 56, of Ewa, died April 18, 1993. He was born in Honolulu and was a rigger at Shop 72, Pearl Harbor Naval Shipyard. Survived by wife, Julie; sons, Robert and Jon; brother, Jose Baylon; sisters, Mrs. Pedro (Josephine) Canoy and Mrs. Manny (Frances) Medeiros; four grandchildren; nieces and nephews.

Friends may call 6 to 9 p.m. Thursday at Mililani Memorial Park; rosary 7 p.m. Or call 9 a.m. to noon Friday; service noon. Burial at Mililani Memorial Park.

Casual attire. JUAN "JOHN" AGLIBOT AMORES, 81, of Captain Cook, Hawaii, died April 24, 1993. He was born In the Philippines and was a retired ranch hand. Survived by sons, Martin and John Banagan and Lorenzo Watan; daughters, Margaret Miller of Nevada, Gladys Hanato and Magdalena Abro-jena; cousins; 10 grandchildren and a great-grandchild. Friends may call from 4 p.m.

today at family residence; prayer service 7:30 p.m. Overnight vigil. Or call 9:30 to 11 a.m. tomorrow at The Jehovah's Witness Kingdom Hall; service 10 a.m. Burial at Hualalai Memorial Park.

No flowers. Casual attire. Arrangements by West Hawaii Mortuary, Inc. GARY ALII ASAM, 31, of Kallua, died April 24, 1993. He was born in Honolulu and was an Advance Air Conditioning employee and a martial arts instructor.

Survived by wife, Christie father, Gilbert; mother, Jennie sisters, Mrs. Billy (Leona) Malama and Mrs. Joseph (Nanette) Kruse. Friends may call 6 to 9 p.m. Saturday at Diamond Head Mortuary; service 7:30 p.m.

Or call 8 to 10 a.m. Sunday service 10 a.m. Burial at Diamond Head Memorial Park. Casual attire. EDMUND FREITAS, 83, of Wailuku, died April 24, 1993.

He was born in Puunene and was a retired Hawaiian Commercial and Sugar electrician and Instrument and electrical shop foreman. Survived by wife, Mary; daughter, Henriette F. Monk of Louisiana; son, Rev. Patrick H. Freitas of Honolulu; sisters, Caroline Vlvelros, Lydia Ornellas, Vivian J.

Ferreira, all of Honolulu; four grandchildren; five great-grandchildren; nieces and nephews. Friends may call after 9 a.m. tomorrow at St Anthony's Church, Wailuku; Mass 10 a.m. In lieu of flowers, donations as a memorial gift to the poor and needy would be appreciated. Arrangements by Borthwick Mor-tuary-Maui.

LYDIA DIEL HART, 58, of Las Vegas, formerly of Honolulu, died April 21, 1993. She was born in Dumangas, noiio, rmnppines. burvived by husband, Henry of Nevada; son, Leialoha of Nevada; sister, Betty Yowell of Nevada. Graveside service 10:30 a.m. today at Hawaiian Memorial Park Cemetery.

Arrangements by Borthwick Mortuary. MARGARET POSTLES HEYD, 98, of Kaneohe, died April 25, 1993. She was born in Smyrna, Del. and was a U.S. Navy dietician during World War I and at St.

Elizabeth's Hospital, Washington, D.C. She was a member of the First Women's College Class at University of Delaware. Survived by son, Paul V. of Kailua; four grandsons; seven great-grandchildren. Private family services.

Contributions may be made to Windward United Church of Christ, 38 Kaneohe Bay Drive, Kaneohe, Hi 96744. Arrangements by Hawaiian Memorial Park Mortuary. WILLIAM YUKIO HORIE, 76, of Honolulu, died April 25, 1993. He was born in Makaweli, Kauai, and was the retired vice-president of Mid-Pacific Insurance Agency. He was also a member of Mid-Pacific Country Club, Thursday Club and was a veteran of Battery 522D.

Survived by wife, Florence son, Walter daughters, Susan S. of Kurtistown, Mrs. Godwin (Janet Esaki of Kauai; three Srandchlldren; brothers, Kazuma of apan and Keiichi of Kauai. Memorial service 6 p.m. Friday at Hosoi Garden Mortuary.

Inurnment 11:30 a.m. Monday at the National Memorial Cemetery of the Pacific. No flowers. Casual attire. FREDERICK G.

JARRETT, 72, of Los Angeles, died April 21, 1993. He was born in Honolulu. Survived by wife, Rosaline; son, Frederick W.P. of Arizona; daughters, Mrs. Wanye (Jeraldine Tanemura and Mrs.

Steve (Hedy Sullivan, both of four grandsons; granddaughter; four great-grandchildren; two sisters; two brothers; nieces and nephews, cousins. Friends may call 6 to 9 p.m. Friday at Borthwick Mortuary; service 7:30 p.m. Or 8 to 9 a m. Saturday; service 9 a.m.

Burial at Hawaiian Memorial Park. Aloha attire. A CLASSIFIED AD FOR YOUR GARAGE AND IANAI SALE WILL BRING YOU THE BUYERS YOU NEED. DIAL DIRECT 521-9111 Haoxiii "They canceled all my fire, liability and workmen's compensation insurance, and at the end of this month, they're going to cancel my auto," said Sab Yoshioka, owner of Kauai Mercantile Agency, a wholesale sales and distribution firm. Yoshioka had been insured by one of the companies in the Hawaiian Insurance Group, which was taken over by the state last December.

The agency is now operating at a much reduced level and concentrating on personal lines of insurance, such as homeowners policies. "The governor tells us things will be better in time. We don't have time. We're in a bind," Yoshioka said. He said his insurance agent is working to try to find alternative insurance for him.

But business people across the state say that can be tough to find. Many Kauai businesses have had problems since immediately after the Sept. 11 hurricane. Many have still not settled with their insurance companies. Some have taken out small-business loans to get back into operation, in the hope that insurance settlements eventually will enable them to pay off the loans.

Getting new insurance is another problem. One Kauai insurance agent said some insurance companies are telling even long-time customers that they'll cover liability and other insurance needs, but will not cover property traders better s. lost $285 million from January through March. IBM has lost more than $7 billion in the past two years, cut a quarter of its work force or more than 100,000 jobs -since 1987, and lost significant market share amid growing competition. The company recently restructured to give IBM business units more freedom.

Gerstner listed four priorities for 1993: completing major staff reductions, defining what businesses IBM will pursue, improving customer relations and decentralizing. He said he hadn't been working long enough to be more specific. spreading "We've had to turn to other companies for the property side," the agent said. Typically, the customers are paying as much or more for less insurance, or for insurance with extremely high deductibles. Some policies specifically deny coverage for wind damage.

There are, however, some firms that have not had difficulty obtaining insurance. A statewide moving and storage firm reported its policies were recently renewed at only slightly more than last year's rates and without changes in the deductible. "I was surprised," said a company manager. Kauai Mercantile's Yoshioka said he is frustrated by the state's slowness to act to help small business at the same time it goes to great lengths to help failing big businesses. "Everybody's paying attention to Hamakua and Hawaiian Airlines, but those are dead horses.

Here, I have a viable business. I employ nine people, some of them part-timers. It's the small businesses that need the help," Yoshioka said. MONEY RATES Mon. April 28, 1993.

Prime rate: 6.00. The base rate on corporate loans at large U.S. money center commercial banks. Discount rate: 3 00. The charge on loans to member commercial banks by the New York Federal Reserve Bank.

Commercial paper By finance company 3.07-3.12, 30 to 270 days. Certitlcatea of deposit (primary): 30 days, 2.56; 90 days, 2.60; 180 days, 2.69. Treasury bills: Results of auction of short-term U.S. government bills, sold at a discount from face value in units of $10,000 to $1 million. Three months.

2 88, up from 2 82 last week; six months, 2 95, down from 2 98 last week; one year, 3.18, down from 3.21 last week. INTRODUCING Eric Butler 711 KEEAUMOKU ST. SUITE 214 HONOLULU 96814 PHONE 949-0347 We take orlde in introducing our new Field Representative. Trained In our complete service of insurance and fraternal benefits, no oe giao io aiscuss your needs. 1111 WOODMEN OF THE WOULD LIFE INSURANCE SOCIETY HOMt UfHCfc OMAHA.

NtBHASKA "Tlu FAMILY rntmn" BEST SERVICE OFFICE mDUCTS I OTOfJ DATA BtlNDHTS EKONOMIX NATIONAL BATES MM MIOB SKCUIS ma Yy office appliance COMPANY, LTD. 966 Robello Lane 847-0255 ESTABLISHED 1936 Plenty of fifff Parking BUSINESS BUYERS Don't miss the MAY 1,2, 3, 1993 Sat. Sua. Mon. 10-4 10-5 10-6 i BLAISDELL CENTER REDUCTIONS OVERSTOCKS! SAMPLES! JEWELRY CIFTS APPAREL FURNITURE FASHION ACCESSORIES LEATHER Business LD.

required DOUGLAS TRADE SHOWS PIf: 254-1773 HIDEYASU KOHASHIKAWA, 84, of Honolulu, died April 25, 1993. He was born in Ewa, Oahu, and was a retired samisen teacher and member of the Gaza Yonagusuku Doshi Kai. Survived by son, Wallace daughters, Irene Mrs. Joseph T. (Jean Imai, Mrs.

Melvln F. (Amy Morlta, Rose Mrs. David (Pamela Uyeunten; eight grandchildren; brother, Tadashi Kobasnigawa of Okinawa; sisters, Mrs. Toml Adanlya, and Mrs. Shizuko Shiroma and Mrs.

Hideko Arakakl, both of Okinawa. Memorial service 8 p.m. Friday at Hosoi Garden Mortuary. No flowers. Casual attire.

MARY DUTERTE MANLIC, 67, of Honolulu, died April 21, 1993. She was born in Kona. Survived by husband, Maximo; sons, Maximo Cornel Ralph M. and Bryan brothers, Anastaclo and Albert Du-terte, Henry Duterte of California; sisters, Epifania Libarios, Mrs. James (Ramona) Tehero and Mrs.

Feliciano (Fortunate) Limbaga; four grandchil dren. Friends may call 8:45 to 10:30 a.m. Saturday at St. John the Baptist Church; Mass 10:30 a.m. Burial at Valley of the Temples Memorial Park.

Aloha attire. Arrangements by Nuuanu Memorial Park Mortuary. JESSE JAMES MARA, infant son of Michael W. Mara Sr. and Betty Ahn Mara, both of Honolulu, died April 20, 1993.

He was born in Honolulu. Survived by parents; brother, Michael W. sister, Lorraine grandparents, Florence Y. Lee and Lorraine P. Pe-ralta; step-grandfather, Pedro Peralta; great-great-grandmother, Wong Sau Kuzn; aunts, uncles and cousins.

Service over ashes 4 p.m. Friday at St. Patrick's Catholic Church. Casual attire. Arrangements by Borthwick Mortuary.

SHIRLEY YONEKO MURAMOTO, 73, of Honolulu, died April 22, 1993. She was born In Kona. Survived by husband, Masao daughter, Martha brothers, Charles Harry Y. and Kenneth Y. Yonemura; sister, Linda S.

Seo. Friends may call 9 a.m. to noon Saturday at the Church of Jesus Christ of Latter-day Saints, Lanaklla Ward; service 11:15 a.m. Burial 12:30 p.m. at Mililani Memorial Park.

No flowers. Aloha attire. KANYU NAKAMA, 68. of Honolulu, died April 22, 1993. He was born in Okinawa, Japan, and was a member of the Kin Club.

Survived by wife, Helen son, Richard daughter, Mrs. Tadashi (Beverly Nishino; two Erandchildren; brothers, Albert K. and arry sister, Mrs. Kenjiro (Susan Uehara. Memorial service 6 p.m.

Thursday at Hosoi Garden Mortuary. No flowers. Casual attire. MORIO NUNOKAWA, 70, of Honolulu, died April 18, 1993. He was born in Honolulu.

Survived by wife, Kate; son, Randal daughters, Mrs. Kenneth (Gayle Sugita and Lori Ann; brother, Vernon; sisters, Carol Davis, Clara Kadooka and Edna Kodama. Private service held. Arrangements by Hosoi Garden Mortuary. PANTALEON RAMOS SELE, 88, of Wahiawa.

died April 23, 1993. He was LEGAL NOTICE LEGAL FIRST CIRCUIT COURT NOTICE AND NOTICE TO CREDITORS SE No. 93-0055-1 ESTATE OF LOUIS RICHARD ABRAHAM, aka LOUIS R. ABRAHAM, deceased Bernice Josephine Abraham, of Kaneohe, Hawaii, has filed a petition for administration of the estate of the above named person who died testate on January 27, 1993. The Clerk of the First Circuit Court, Ka-ahumanu Hale, 777 Punchbowl Street, Honolulu, Hawaii, has been nominated personal representative of said estate.

The petitioner's estimate of the value of said estate subject to probate proceedings in this state is $12,838.26. The total value of requests for family and homestead allowances amounts to $11,000.00. Any person having objection to said petition or to the granting of the requested statutory allowances and exempt property must file objection thereto within forty days after the date of first publication of this notice. FRIDAY, the 28th day of May, 1993, at 9 00 a.m., in the courtroom of the Presiding Judge in Probate, in Kaahumanu Hale, Honolulu, Hawaii, have been appointed the time and place for hearing said petition. Any interested person who desires any further notice concerning the estate, including notice concerning the closing and distribution of the estate, must file a demand for notice with Lhe court under HRS All above-named hereby their claims vouchers or even if the by real estate, at the above or at Honolulu, within four the date of of they will barred.

Nathaniel Acting (Hon. Advj 1993) FIRST NOTICE TO SE No. ESTATE DOL LILLIAN DOI and TRUST CO, Hawaii, has for the estate named testate on 1993. The First Circuit Punchbowl Hawaii, nominated The petitioner's of the value subject to in 587.50. There for family allowances property Any person to said file objection within forty I Dwyer Imanaka Schraff Kudo Meyer Fujimoto ATTORNEYS AT LAW A LAW CORPORATION Positions available for attorneys in the following areas of practice: Labor Employment 1-3 years experience preferred.

Litigation 0-2 years experience preferred. Real Estate 0-2 years experience preferred. Land Use Environmental 3-4 years real estate experience preferred. riease submit resume in confidence to: 1800 PIONEER PLAZA 900 FORT STREET MALL HONOLULU, HAWAII 96813 An Equal Opportunity Employer. Volume lo 10 creditors of the estate are notified to present with proper duly authenticated copies thereof, claim is secured mortgage upon to said nominee, address shown P.

O. Box 619, Hawaii 96809, months from the first publication this notice or be forever H.C. Kim Chief Clerk Apr. 13, 20, 27, (A-20057) CIRCUIT COURT AND NOTICE CREDITORS 93-0057-1 OF AKIRA DECEASED. KIY0K0 AMERICAN of Honolulu, filed a petition administration of of the above person who died January 31, Clerk of the Court, Ka-ahumanu Hale, 777 Street, Honolulu, has been personal representative of said estate.

estimate of said estate probate proceedings this state is are no requests and homestead or exempt at this time. having ob-c-tion petition must thereto days after At StockCross we give 10 cash rebates to investors with monthly commissions of $500 or more. Even without the rebate our rates are up to 89 less than full service brokers and up to 59 less than Schwab and Fidelity. And our margin rates are among the lowest. Debit balances of $25,000 or more can borrow at brokers' call; under $25,000, just 1 more.

These are just some of the good reasons thousands of investors choose StockCross as their discount broker. StockCross, 126 Queen Street at Bishop, Honolulu, HI 96813, (808) 522-9292. Toll free in HI (800) 537-7879. Member SIPC. Securities in each account protected to $500,000.

ATTENTION LEGAL ADVERTISERS CHECK YOUR ADS The first day they appear and notify Legal Adver-' tisir.g Department of errors immediately. We! will not be responsible' for errors after the" FIRST publication of any. advertisement. HAWAII M.WSPAFER AGENCY, INC. r-n StockCross The Discount Broker Member New York Stock Exchange Survr? 5 91 I A A.