X REPORT OF THE COMPTROLLER OF THE TREASURY.

Company amounted to $30,763.37 for the year 1902, not includ-
ing penalty or interest.

Third. Statement "A" also shows a payment from tax on
Baltimore city stock of $46,539.65. Of this sum, $24,025.24
belonged to the fiscal year 1902, but was received into the
Treasury October 1, 1902, thus making two payments fall
within the fiscal year just closed. The revenue from this
source in 1901 was $49,549.22, and as the amount was so much
less than that of the previous year I did not feel justified in
accepting the amount as full settlement for that year. By
direction of the Attorney-General, I received same as so much
on account, which I again did in 1903, suit for the balance being
instituted and is now pending.

DISBURSEMENTS.

In Statement "B" is shown in detail the character of dis-
bursements and the Acts of Assembly authorizing the same,
aggregating $3,676,334.33, or in excess of that of the year pre-
vious by $259,957.62, occasioned mainly by larger disburse-
ments on account of the "State Loan of 1902" and by increased
appropriations made by the Legislature of 1902.

The balance in the Treasury proper at the close 6f the fiscal
year was $1,147,410.42. I wish in this connection to call your
attention to the fact that against this balance there must be
charged certain definite sums, specifically dedicated, and which
must remain inviolate; such as the proceeds of sales of bond
issues, schools and sinking fund taxes. After providing for
the integrity of the sinking funds, there yet remained to be
charged against this balance of $1,147,410.42, the following
amounts:

State Loan of 1902............................. $267,174.32

State Building and Improvement Loan........... 40,027.45

Public School Tax............................. 346,434.68

Total .................................. $653,636.45

leaving a normal balance in the Treasury October 1, of
$493,773.97, with which to meet the heavy October disburse-
ments under the Acts of the last Legislature.