STATEMENT J.
Showing the Funded Debt of the State, as of the 30th day of September, 1901.

CHARACTER OF LOANS.	Amount of Loans.	Maturity of Loans.	For What Account.
3 per cent. Exchange Loan of 1889, per Chap. 201 of 1888. .	$7,400 00	1903	Redemption and Exchange of
			Sterling Debt.
3,50 per cent. Penitentiary Loan, per Chapter 166 of 1896. .	500,000 00	1911	Extension of the Md. Peniten-
			tiary.
3.50 per cent. Insane Asylum Loan, Chapter 164 of 1896. . .	100,000 00	1911	Second Hospital for the Insane.
3 per cent Consolidated Loan of ,1899. per Ch. 219 of 1898	5,401,926 13	1914	Exchange of State Debt and for
3 per cent State Building and Improvement Loan, per			New Public Buildings.
Chapter 607 of 1900.............................	500,000 00	1915	Public Buildings.
Making an aggregate of ..................................	$6,509,326 13
As an offset to this debt, the State holds the following
Bonds and Stocks on which interest or dividends have
been promptly paid, to wit: :
Stock of the Annapolis Water Company..... $ 30,000 00
Stock Farmers' National Bank of Annapolis 46,470 00
Stock in Balto. & Fredericktown Turnpike :
Co. .................................... 11,000 00
*Stock of the Washington Branch of the Bal-
timore & Ohio Railroad Company........ 550,000 00
Bonds of the Northern Central Railway —
Mortgage ............................... 1,500,000. 00
Stocks, Bonds and Cash to credit of the Sink- :
ing Funds............................... 1,709,511: 84
	$3,846,981 84
Net Debt after productive stocks held
by State and the Sinking Funds are de-
ducted ................................................	$2,662,344 29