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As an off-set to this debt, the State holds the following Bonds
and Stocks, on which interest or dividends are payable,
to wit:
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Stock of the Baltimore and Ohio R. R. Co.. ........................
Stock in Washington Branch B. & O. R. R. Co..................
Bohemia Bridge Company.................................
" Baltimore and Fredericktown Turnpike Co. .........
Baltimore and Yorktown Turnpike Co..................
Farmers' National Bank of Annapolis....... ..
Chesapeake and Delaware Canal Co..................
Bonds of Columbia and Port Deposit. R. R.Co............
Northern Central Railway— Mortgage...............
Susquehanna $ Tide Water Canal Go's.— Mortgage-,
to Credit of the Sinking Fund. ........................
Cash to credit of Sinking Fund for reduction of Public Debt.
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$ 968,615 70
550,000 00
15,876 99
11,000 00
2,600 00
46,470 00
81,250 00
60,000 00
1,500,000 00
1,000,000 00
125,895 84
746 56
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$4,362,355 09
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Balance, after productive Stocks held by the State and the
Sinking Fund are deducted.............................
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$6,396,322 60
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The debt was reduced during the Fiscal Year ended Septem-
ber 30th, 1877, by redemption and Exchange as follows;
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5 per cent. Sterling, chap. 416 of 1838............................
5 " " " 386of 1838. ...........................
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$241,000 00
67,777 77
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Total reduction.................................................
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$308,777 77
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* Of this sum, $4,705,555,.58 is Sterling Debt, on which the interest is payable in London in.gold or its equivalent.
For this balance of J6,396,322.60, the State has as an off-set her unproductive stocks, amounting to $29,851,958.35 and $2,255,502.67
due by the Baltimore and Ohio Railroad Company, Accounting Officers and Incorporated Institutions.
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