As an off-set to this debt, the State holds the following Bonds

and Stocks, on which the interest and dividends are

promptly paid, "to wit:
Bonds of the Baltimore and Ohio R. R. Co........................

$1,456,793.67

Stock in Washington Branch B. & O. R. R. Co...............

550,000 00

" Columbia and Port Deposit R. R. Go................

40,000 00

" Farmers' National Bank of Annapolis.................

46,470 00

" Chesapeake and Delaware Canal Co...................

81,250 00

Bonds of Northern Central Railway — Mortgage................

1,500,000 00

" Susquehanna & Tide Water Canal Co. — Mortgage...

1,000,000 00

Stocks held by the Sinking Fund......................................

1,858,737 23

$6,553,250 90

Balance, after the Stocks held by the State and the

——————

Sinking Fund are deducted.......... ...........................

$5,883.467 78

The debt was reduced during the Fiscal Year ended Septem-

ber 30th, 1871, by redemption and Exchange as follows,

viz :

6 per cent, debt chap. 241 of 1834................................

$772,332 12

6 ' 20 of 1839...................................

34,358 41

6 ' 386 of 1838...............................

20,121 08

6 ' 395 of 1836................................

30,000 00

5 ' 395 of 1838..................................

1,300 00

5 : 41 of 1847..................................

12,482 39

5 ' 323 of 1339..............................

4,034 91

6 Maryland Defence Loan, ch. 15 .of 1864.....

108,000 00

+ 5 (Sterling,) sundry chapters.............

67,444 44

Total reduction...................................................

$1,050,073 24