COMPTROLLER OF THE TREASURY. V

the several Sinking Funds for the fiscal year, viz :

To the General Sinking Fund.............. $8,239 14

To Treasury Relief Loan Sinking Fund .... 12,793 85

To the Sinking Fund for Redemption of De-
fence Redemption Loan ....... . .... 421,773 88

Making an aggregate of............. $442,806 87

In this aggregate is included the sum of $366,000.00
received from the Baltimore and Ohio Railroad Com-
pany for the bonds of the Company held by the State
to the credit of the Sinking Fund for redemption of the
Defence Redemption Loan, and becoming due in July-
last.

There was invested on account of these Sinking Funds
during the past fiscal year the sum of $310,127.13. and
there remains to the credit of the several Sinking Funds

in cash the sum of $132,679.74. The great difficulty of
obtaining reliable investments, without the payment of
excessive premiums, has embarrassed the Treasury
Officials not a little, the bonds of the State bearing 3.65
interest, being quoted as high as 110 on the market in
the month of December, 1888.

"Statement F" shows in detail the several invest-
ments which have been made of the moneys belonging
to these funds from time to time, and the amounts re-
maining uninvested at the close of the fiscal year. Since
the close of the fiscal year, stocks and bonds have been
purchased for these funds to the amount of $145,850.00.

DIVIDENDS.

"Statement G,'' shows the dividends from various
stocks held by the State, and interest accrued and paid
during the fiscal year ended 30th September, 1888, to
be $206,175.74

OYSTER FUND.

"Statement H," gives in detail the several Receipts
to credit of the Oyster Fund, amounting in the aggre-
gate to the sum of $53,236.69.