STATEMENT J.
Showing the Funded Debt of the State, as of the 30th day of September, 1902.
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CHARACTER OF LOANS.
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Amount of
Loans.
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Maturity
of Loans.
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For What Account.
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3 per cent. Exchange Loan: of 1889, per Chap. 201 of 1888.
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$ 7,400 00
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1903
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Redemption and Exchange of
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Sterling Debt
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3.50 per cent. Penitentiary Loan, per Chapter 166 of 1896. .
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500,000 00
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1911
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Extension of the Md. Peniten-
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tiary.
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3.50 per cent. Insane Asylum Loan, Chapter 164 of 1896. . . .
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100,000 00
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1911
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.Second Hospital for the Insane
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3 per cent. Consolidated Loan of 1899. per Ch. 219 of 1898
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5,401,926 13
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1914
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Exchange of State Debt and
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3 per cent. State Building and Improvement Loan, per
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for New Public Buildings.
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Chapter 607 of 1900.............................
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500,000 00
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1915
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Public Buildings.
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3 per cent. State Loan of 1902, Chap. 200 of 1902 .......
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400,000 00
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1917
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Public Buildings.
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Making an aggregate of ....................
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$6,909,326 13
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As an offset to this debt, the State holds the following
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Bonds and Stocks on which interest or dividends have
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been promptly paid, to wjt:
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Stock of the Annapolis Water Company..........$30,000 00
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Stock Farmers' National Bank of Annapolis.. 46,470 00
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Stock in Balto. & Predericktown Turnpike Co. 11,000 00
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*Stock of the Washington Branch of the Balti-
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more & Ohio Railroad Company ............ 550,000 00
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Bonds of the Northern Central Railway — Mort-
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gage ...................................... 1,500,000 00
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Stocks and Bonds to credit of the Sinking
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Funds .................................... 1,974,587 00
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4,112,057 00
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Net Debt after productive stocks held by
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State and the Sinking Funds are deducted ...............
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$2,797,269 13
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