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As an off-set to this debt, the State holds the following Bonds and Stocks,
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on which Interest or dividends are promptly paid, to wit:
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Stock of the Baltimore and Ohio R. R. Co....................................................
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$ 968,615 70
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Stock In Washington Branch B.& O. R. R. Co. .............................................
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550,000 00
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Stock in Farmers' National Bank of Annapolis ............................................
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46,470 00
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Stock In Annapolis Water Company..............................................................
Bonds of Northern Central Railway— Mortgage........................................
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30,000 00
1,500,000 00
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Bonds of the Columbia & Port Deposit R. R. Co. .......................................
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60.000 00
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Stocks and Bonds to Credit of the Sinking Funds. ......................................
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2,144,215 90
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$5,299,301 60
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Net debt after productive Stocks held by the State and the Sinking
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Funds are deducted. ..............................................................................
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$5,661,238 96
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The net debt of the State was reduced during the fiscal year by Increase
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In stocks and bonds purchased on account of the Sinking Funds to the
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amount of....................................................................................................
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$391,925 72
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*Of this sum $4.001.111.11 is Sterling Debt, on which the Interest is payable in London in gold.or its equivalent.
+ At the; close of the Fiscal Year there was still outstanding $133,529.00 of the Maryland State Loan, Issued per chap. 366 of 1872. Interest on same
has ceased, and tills amount will be paid when presented at the Treasury Department.
«*-For this balance of $5,661,233.96 the State has as an offset her unproductive Stocks amounting to $28,268,731.13, aucl $1,876,024.98 due from
Accounting Officers and Incorporated Institutions.
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