xvi

"AGRICULTURAL LAND SCRIP.",
The residue of the money derived from the sale of the
"Land Scrip" donated by the United States to the State of
Maryland, amounting to $1,253.60, has, in accordance with
Chap. 223 of 1868, been loaned to the "Brookville Academy,"
on the Bonds of the Trustees of that institution, redeemable in
fifteen years, and yielding six per cent, interest, payable
semi-annually.

RECEIPTS FROM PUBLIC WORKS.

The " Northern Central Railway" has still promptly paid
the annuity of $90,000.00 due on the one million, five hun-
dred thousand dollars of Bonds held by the State.

The "Susquehanna and Tide Water Canal Co." for a
time withheld a portion of the $60,000.00 due as annual in-
terest on their Bonds for taxes alleged to have been paid in
Pennsylvania, and only $30,000.00 or one-half, was paid
within the Fiscal Year. Better counsel prevailed, and the
residue has since been paid without deduction.

The Baltimore and Ohio Rail Road Company has paid into
the Treasury during the Fiscal Year $287,240.29, divided as
follows:

For, one-fifth receipts from passengers on the Washington
Branch, $78,240.29; dividends on Stock held in the Wash-
ington Branch $55,000.00; dividends on Stock of the Main
Stem, $40,000.00, and interest on the balance of the Ster-
ling Debt, $114,000.00

The receipts from this source compared with former years
is greatly reduced, caused chiefly by the exchange made by
the "Board of Public Works"—in accordance with the provi-
sions of the Constitution of 1867—of Bonds held by the State
for an equal amount of State Bonds held by that Corporation;
also the failure of the Company to pay the second installment
of one-fifth receipts from passengers over the Washington
Branch, within the Fiscal Year, but which has since been
paid.

The Chesapeake and Ohio Canal, the Annapolis and Elk
Ridge Rail Road, and the Eastern Shore Rail Roads are still