REPORT OF THE COMPTROLLER OF THE TREASURY. VII

for which these disbursements were made and the Acts of
Assembly authorizing the same.

ESTIMATES.

The probable receipts into the Treasury during the fiscal
year ended September 30, 1895, as estimated in Statement C,
are $2,518.559.90, which, if realized and added to the balance
in the Treasury at the close of the last fiscal year, would make
the total amount in the Treasury for the fiscal year 1895, ap-
plicable to ordinary purposes, the sum of $3,068,634.37. The
estimated disbursements during the same period are $2,327,-
972.16, as shown in Statement D.

FREE SCHOOL AND SINKING FUNDS.

At the close of the fiscal year 1893 there remained to the
credit of the Free School Fund the sum of $5,543.00.
This was augmented by the sum of $133,109.13, the receipts
during the last fiscal year on account of said Fund, making a
total of $138,652.13. The sum of $132,808.63 was disbursed
during same period on account of this Fund, leaving a balance
to the credit of the Fund at the end of the fiscal year of
$5,843.50.

The receipts on account of the several Sinking Funds
during the fiscal year were as follows :

General Sinking Fund.....................................$ 14,077 58

Sinking Fund for the Defence Redemption Loan.. 280,543 84
Sinking Fund for the Exchange Loan of 1889..... 53,506 50

Total......................................................$348,127.92

The whole of said sum of $348,127.92 was invested on ac-
count of the above named Sinking Funds. In my last Report
to the General Assembly I recommended the .repeal of that
provision of the Act of 1888, Chapter 533, levying a tax of one
and one-half cents on each one hundred dollars to meet the in-
terest and create a Sinking Fund for the redemption of the
Treasury Relief Loan, for the reason that said, loan had been
redeemed more than two years previous; and I further re-
commended that the said Act be re-enacted so as to transfer
the said Treasury Relief Loan tax to the one fourth of one;
cent tax for Exchange Loan of 1886, which was entirely inad-
equate to pay even the interest on the Exchange Loan of 1886.
The General Assembly adopted the suggestion, and the tax