STATEMENT SHOWING THE FUNDED DEBT OF THE STATE AS OF THE 30TH DAY OF SEPTEMBER, 1903.

	CHARACTER OF LOANS.	Amount of Loans.	Maturity of Loans.	For What Account.
	3.50 per cent. Penitentiary Loan, per Chapter 166 of 1896 3.50 per cent. Insane Asylum Loan , per Chapter 164 of 1896	$ 500,000 oo loo.ooo oo	Igll igri	Extension of the Md. Penitentiary. Second Hospital for the Insane.
	3 per cent. Consolidated Loan of 1899, per Chapter 219
	of 1898 ...................................................................	5,401,926 13	1914	Exchange of State Debt and for
	3 per cent. State Building and Improvement Loan, per			New Public Buildings.
	Chapter 607 of 1900.................................................. 3 per cent. State Loan of 1902, Chapter 200 of 1902.........	500,000 oo 600,000 oo	. 19*5 1917	Public Buildings. Public Buildings.
	Making an aggregate of ...................................................	$7,101,926 13
	As an offset to this debt, the State holds the following
	Bonds and Stocks on which interest or dividends have
	been promptly paid, to wit:
	Stock of the Annapolis Water Company.... $ 30,000 oo
	Stock Farmers' National Bank of Annapolis 46,470 oc
	Stock in Baltimore & Fredericktown Turn-
	pike Company....... ........................... 11,000 oc
	*Stock of the Washington Branch of the
	Baltimore & Ohio Railroad Company... 550,000 oc	i!
	Bonds of the Northern Central Railway —
	Mortgage.. . ..... ........................... 1,500,000 oc	1
	Stocks, Bonds and Cash to credit of the
	Sinking Funds..................................... 2,347,751 gc	1
	—————————	4,485,221 go
	Net debt after productive stocks held by State and the
	Sinking Funds are deducted...................................	! $2,616,704 23
	*No dividend paid since 1896.