REPORT OF THE COMPTROLLER OF THE TREASURY. V

The general Sinking Fund established by the investments
from surplus funds of the State Treasury contains stocks,
and bonds aggregating.............................................. $ 278,008 35

Treasury Relief Loan Sinking Fund established in the fiscal
year 1880, in accordance with a special tax levy for the
redemption of $500,000.00 of Treasury Relief Bonds' con-
tains stocks and bonds aggregating.............................. 562,310 80

The Defence Redemption Loan Sinking Fund, established in
the fiscal year 1884 for the redemption of that Loan, as
per special tax levy, contains stocks and bonds aggregating 1,580,521 78

The exchange Loan of 1889 Sinking Fund, established by the
Board of Public Works by exchanging the Preferred
Stock of the Baltimore and Ohio Railroad Company held
by the State, for Bonds of said Loan, by virtue of Art. 12,
Sec. 3, of the Constitution, contains stocks and bonds
aggregating............................................................. 1,398,203 50

Total am't of stocks and bonds held by Sinking Funds $3,719,044 43

I respectfully call your attention to the fact that the
Bonds of the Treasury Relief Loan, issued under Chapter
238, of 1878, are now held by the several Sinking Funds,
and can be destroyed whenever you so direct The Acts
of the General Assembly of 1878 and 1888 levying a special
tax of one and one-half cents on each one hundred dollars
of the taxable property of this State, to meet the interest,
and create a Sinking Fund for the redemption of the Bonds
of the Treasury Relief Loan, can now be repealed, but I
would respectfully suggest that this amount of the special
taxes be added to the amount now levied to pay the inter-
est and create a Sinking Fund for the redemption of the
Exchange Loan of 1886, issued under Chapter 449, of 1886,
as the tax of one-fourth of one cent on each one hundred
dollars, levied by Chapter 533, of the Acts of the General
Assembly of 1888 is totally inadequate to meet even the
interest on said Loan, consequently no Sinking Fund could
be created.

" Statement F" shows in detail the several investments
which have been made of the moneys.belonging to these
Funds, from time to time, and the amount remaining un-
invested at the close of the fiscal year.

DIVIDENDS.

" Statement G '' shows the dividends from various stocks
held by the State, and interest accrued and paid during the
fiscal year to be $171,282.30.

OYSTER FUND.

" Statement H" gives in detail the several receipts to
the credit of the Oyster Fund, amounting in the aggregate
to the sum of $52,260.33, which is less than the receipts of