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As an off-set to this debt, the State holds the following Bonds-
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and Stocks, on which the interest and dividends are
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promptly paid, .to wit :
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Stock of the Baltimore and Ohio R. R. Co..........................
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$1,160,727 19
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Stock in Washington Branch B. & O. R. R. Co..................
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550,000 00
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" Bohemia Bridge Company.................................
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15,876 99
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" Columbia and Port Deposit R. R. Co..................
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60,000 00
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" Farmers' National Bank of Annapolis...................
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46,470 -00
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" Chesapeake and Delaware Canal Co.....................
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81,250 00
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Bonds of Northern Central Railway — Mortgage............
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1,500,000 00
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" Susquehanna & Tide Water Canal Co's. — Mortgage.
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1,000,000 00
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Cash to credit of Sinking Fund for reduction of Public Debt.
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55,459 08
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$4,469,783 26.
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Balance, after productive Stocks held by the State and the
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Sinking Fund are deducted........................................
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.....................
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$6,625.236 23
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The debt was reduced during 1he Fiscal Year ended Septem-
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ber 30th, 1873, by redemption and Exchange as follows,
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viz:
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6 per cent, debt chap. 241 of 1834..................................
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$1,000 00
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+ 5 " " (Sterling,) sundry chapters.....................
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100,111 11
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Total reduction................................................
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$107,111 11
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* Of this sum, $5,416,444.44 is Sterling Debt, on which the interest is payable in London in gold or its equivalent.
+ The Sterling Debt being originally calculated at $4.44 4-9 per £ Sterling, the amount reduced on that basis appears to be $106, 111.11,
whereas, being payable in gold, and rated by Article 94, Sec. 13 of the Code, at 4.84 per £, the cost of the same, is $115,555.00.
For this balance of $6,625,236.23, the State has as an off-set her unproductive stocks, amounting to $22,122,441.63 and $2,200,440.51
due by Accounting Officers and Incorporated Institutions.
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