STATEMENT
SHOWING THE FUNDED DEBT or THE STATE, AS OF THE 30TH DAY OF SEPTEMBER, 1908.

CHARACTER OF LOANS	Amount of Loans	Maturity of Loans	For What_Account
3 per cent. Consolidated Loan of 1899, per Chapter 219 of 1898.	$3,253,926 13	1914	Exchange of State Debt and
			for New Public Buildings.
3 per cent. State Building and Improvement Loan, per Chap-
ter 607 of 1900.........................................	500,000 00	1915	Public Buildings
3 per cent. State Loan of 1902, Chapter 200 of 1902..........	600,000 00	1917	Public Buildings
3.50 per cent. Public Buildings Load, Chapter 228 .of 1904.....	1,625,000 00	1919	Public Buildings
3.50 per cent. State Roads Loan, Chapter 141 of 1908........	100,000 00	1923	State Roads
Making an aggregate of ....................................	$6,078,926 13
As an offset to this debt, the State holds the following Bonds
and Stocks on which interest or dividends have been
promptly paid, to wit:
Stock of the Annapolis Water Company........$ 30,000 00
Stock Farmers' National Bank of Annapolis..... 46,470 00
Stock of Baltimore and Fredericktown Turn-
pike Co.................................. 11,000 00
Bonds of the Northern Central Railway — Mort-
gage ................................... 1,500,000 00
Stocks and Bonds to credit of the Sinking
Funds .................................. 4,124,812 22
	5,712,282 22
-> Net Debt after productive stocks held by State and
the Sinking Funds are deducted........................	$366,643 91