8 REPORT OF THE

PUBLIC DEBT.

The net Funded Debt of the State, as shown by statement
" J," upon which interest has to be provided, is $12,692,938.96;.
as an offset to which, the State holds stocks and bonds on which
dividends or interest are regularly paid, including stocks held
by the Sinking Fund, amounting to $7,228,413.22, and there
remains the sum of $5,464,525.74.

The State's liabilities and assets may be thus stated :

Aggregate of Public Debt $12,692,938 96
Stocks and Bonds held by the

State, upon which interest

or dividends are paid . . $5,552,970 00
Indebtedness of Corporations

and Accounting Officers to

the State, ....... 1,562,151 89

Stocks held by Sinking Fund, 1,675,443 22
Unproductive stocks, Bonds &c 19,676,632 08

$28,467,197 19
STATE LEVY.

Statement " K" shows the amount of State Levy on all ac-
counts in each county, and the city of Baltimore, for the year
1869.

Also a comparison of the assessed value of property in 1867

and 1869. Chapters 341 of 1867 and 126 of 1868, exempted
many articles included in the assessment of 1866, thereby re-
ducing the aggregate from $492,653,472, to $432,320,148. The
total levy in 1869 of nineteen (19) cents on the one hundred dol-
lars of assessed property was $810,184.61, being less than in

1868 by $71,795.68, owing to the reduced assessment.

PUBLIC SCHOOL TAX.

Statement "L" shows at length the levy, receipts and dis-
bursements of Public School Tax under chapter 160 of 1S65,.
for the years 1865, 1866 and 1867, and under chapter 407 of
1868, for 1868 and 1869.

A particular examination of this table, to which I call your
attention, will give all the information you may desire in a.
more exact manner than I could embody it in writing.