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X REPORT OF THE COMPTROLLER OP THE TREASURY.
DEBT STATEMENT.
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Character of Loans.
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Total Loan.
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Held in Sinking
Fund.
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Outstanding.
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3 per cent. Consolidated Loau
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of 1899..... .... ... ........
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$3,253,026 13
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$1,567,354 72
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$1,686,571 41
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3 per cent. State Building and
Improvement Loan ......
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500,000 00
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411,200 00
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88,800 00
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3 per cent. State Loan of
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1902 ..... . . .........
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600,000 00
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600,000 00
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31 per cent. Public Buildings
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Loan...... ...............
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1,625,000 00
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810,000 00
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815,000 00
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Total........................
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$5,978,926 13
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$3,388,554 72
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$2,590,371 41
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Less Securities in Sinking Fund, viz :
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Frederick County 3 1/2 per cent.$50,000 00
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Laurel, Md. 4 per cent...... 41,000 00
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Baltimore City 4 per cent... 40,000 00
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Baltimore City 3 1/2 per cent.. 100,000 00
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Annapolis City 4 per cent... 40,000 00
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Cumberland City 6 per cent. . 17,000 00
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Havre de Grace City 5 per cent 25,000 00
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Allegany County Consolidated
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Debt 3 1/2 per cent....... 127,000 '00
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$440,000 00
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Stock Annapolis Water Co. . .
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30,000 00
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Stock Farmers' Nati. Bank...
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46,470 00
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Stock Baltimore and Frederick-
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town Turnpike Co......
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11,000 00
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Annuity Northern Centra! Rail-
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way Company...........
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1,500,000 00
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$2,027,470 00
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Net Debt after deducting Assets ......
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$562,901 41
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ASSESSMENT AND LEVY OF 1907.
The assessable basis of the State for the year 1907 was
$765,109,228, or an increase of $26,347,067 over the year previous.
As the direct tax of 16 cents on each $100 of this basis is levied for
the Public Schools no portion thereof is applicable for the running
expenses of the government.
PUBLIC SCHOOLS AND FREE SCHOOL BOOKS.
The receipts and disbursements on account of these funds are
fully shown in statements "L" and "M." There was paid from the
Treasury during the fiscal year on account of the school tax and
for books- the sum of $1,250,907.50.
For some time prior to the year 1904 the public school tax was
10 1/2 cents on each $100. Chapter 584 of that year increased the
tax from 10 1/2 cents to 15 cents, while the Legislature of 1900
increased said tax to 16 cents, providing, however, that such tax
should support the $150,000 for free books. For your information
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