VI REPORT OF THE

become due on the first day of October 1878. The Legisla-
ture will therefore perceive that unless some considerable
portion of the large amounts due from Railroad Corporations
can be made available, additional revenue must be supplied.

FREE SCHOOL AND SINKING FUNDS.

The condition of the Free School Fund and Sinking Fund
is shown in detail in statement "E.'" The income of the
Free School Fund for the year amounted to $21,270.87.

The York and Cumberland Bonds, in which a portion of
the Free School Fund was invested, amounting to $60,500.00
having become due, payment of them was tendered and
accepted by the Treasurer, and this amount is added to the
receipts of said fund. There was also transferred from the
Treasury to this fund, the sum of five thousand dollars, being
the balance of the appropriation to the Indigent Blind, un-
der Chapter 301, of 1874, making the total receipts for the
year $86,770.87. This amount added to the balance to the
credit of the fund for the Indigent Blind, on the 30th. Sep-
tember, 1876, viz : $23,995.47, makes an aggregate of
$110,766.34.

The receipts to the Free School Fund were less during
the year, by the sum of $34,069.36, being the amount
heretofore annually transferred to this fund, from the rev-
enue received from the Washington Branch of the Balti-
more and Ohio Railroad. There being no revenue received
during the year in any way from said Branch Road, the
usual transfer authorized by law for this purpose, could not be
made.

By the Acts of 1836, Chapter 220, and 1837., Chapter 308,
a portion of the surplus revenue, deposited with the State by
the United States, was directed to be placed upon interest in
certain banks for the benefit of the Free School Fund, and
the interest thereon amounting to $34,069.36, was directed
to be applied to the support of Free Schools, and to be dis-
tributed amoDg the several counties and the City of Balti-
more.

By the Act of 1839, Chapter 33, the sums of surplus
revenue thus on deposit in the Union Bank of Maryland,