VI REPORT OF THE

The expenditures during the year have been extraor-
dinary, amounting in the aggregate to $67,913.13, in
which sum is included, on account of the purchase of
two new sailing vessels, the sum of $6,000.00.

The amount standing to the credit of the Oyster Fund
at the close of the fiscal year 1888, was $115,627.49.

STATE DEBT.

The total indebtness of the State, as is shown in de-
tail in "Statement J," was at the close of the fiscal year
1888, $10,370,535.56, being less than the amount at the
end of the fiscal year 1887, by the sum of $590,000.00
that amount of debt having been cancelled during the
fiscal year 1888.

The State holds productive assets and cash to the
credit of the Sinking Funds, as shown in "Statement J,"
to the amount of $4,715,181.34.

There are also unproductive assets to the amount of
upwards of twenty-eight millions of dollars, invest-
ments authorized by the Legislature from time to time
by way of experiment in works of internal improve-
ment, and the interest thereon for many years, some of
the items of which perhaps still have a possibility, but
the majority of such investments are simply wrecks,
strewn along the pathway of the State's progress and
prosperity.

There is a considerable amount of indebtedness from
collecting officers, shown in said table, which may be re-
alized eventually, but the total sum thus due contains
many items that are utterly worthless.

The assets above mentioned as "productive" and "un-
productive" are given in detail in "Statement I."

As there will be no session of the Legislature in the
current year, I do not think it necessary to discuss the
status of the State debt further at this time, or to recom-
mend any measures of Legislation in regard thereto.

ASSESSMENTS OF REAL AND PERSONAL PROPERTY.
"Statement K," shows the assessments of Real and