STATEMENT J.
Showing the Funded Debts of the State, as of 30th September, 1891.

CHARACTER OF LOANS.	Amount of Loans.	Maturity of Loans.	For What Account.
			Chesapeake and Ohio Canal Company.
5 per cent, converted debt, per Chap. 41 of 1847.......................	$ 206,356 28	1890	Susquehanna Canal Company.
			Balto. and Susq. Railroad Company.
3 " currency " " 302 of 1837.......................	188,000 00	1890	Balto. and Snsq. Railroad Company.
3 . " Exchange Loan of 1886, per Chap. 449 of 1886...........	628,355 00	1900	Chesapeake and Ohio Canal Company. Deaf and Dumb Asylum.
3 65-100 per cent. Defence Redemption Loan, per Chap. 289 of 1882	3,000,000 00	1899	Defence Redemption Loan.
+3 per cent. Exchange Loan of 1886, per Chap. 449 of 1886...........	1,270,474 10	1901	Redemption and Exchange State Debt.
6 " Treasury Relief Loan, " " 238 of 1878...........	500,000 00	1893	Relief of Treasury.
*3 " Exchange Loan of 1889, " " 201 of 1888...........	4,321,700 00	1903	Redemption and Exchange of Sterling
			Debt.
++3 " Exchange Loan of 1891, " " 305 of 1890...........	606,757 14	1905	Redemption and Exchange of State Debt.
Mating an aggregate of..........................................................	$10,721,642 52
As an off-set to this debt, the State holds the following Bonds and
Stocks, OB -which interest or dividends are promptly paid, to- wit:
Stock in Washington Branch B. & O. R. R. Co ........$ 550,000 00
" Farmers' National Bank of Annapolis. ........ 46,470 00
" Annapolis Water Company ....................... 30,000 00
Bonds of Northern Central Railway— Mortgage......... 1,500,000 00
Bonds of the Susq. and Tide Water Canal Companies 1,000, 000 00
Cash to Credit of the Sinking Funds ...................... 81 21
Stocks and Bonds to Credit of the Sinking Funds...... 3,719,044 43	$ 6,845,595 64
Net debt after productive Stocks held by the - -
State and the Sinking Funds are deducted.............. ............	$ 3,876,046 88