REPORT OF THE COMPTROLLER OF THE TREASURY.

SINKING FUNDS.

Your attention is respectfully invited to Statements "E"
and "E," showing the investments made for the Sinking Funds
during the year, a condensed statement of which is herewith
submitted:

	Consolidated	State
Sinking Funds.	Loan of	Roads	Total.
	1899.	Loan.
General ............................	$ 4,000.00	$ 5,000.00	$ 9,000.00
Consolidated Loan, 1890 ..............	158,300.00	80,000.00	238,300.00
State' Building and Improvement Loan . .	36,000.00	25,000.00	61,000.00
State Loan of 1902..................	40,000.00	20,000.00	60,000.00
Public Buildings Loan ................		70,000:00	70,000.00
State Roads Loan .................... Total .........................	$238,300.00	100,000.00 $300,000.00	100,000.00 $538,300.00

This gratifying exhibit was made possible by bringing over
a cash balance of $201,632.50 from the last fiscal year, the
increment accruing to said funds from investments, together
with a cash transfer from the Treasury proper of $189,914.87,
all of which moneys have been invested in the State's own
securities at par or less than par, so that at the close of the
fiscal year the State held for its several Sinking Funds securi-
ties of the very highest value, amounting t6 $4,451,479.72, all
of which will more fully appear in Statement "F."

OYSTER FUND.

The receipts and disbursements on account of this Fund arc-
shown in Statement "H," showing a balance on hand at the
close of the fiscal year of $4,795.38, the most gratifying exhibit
of this fund for years by reason of largely increased revenues,
sufficient indeed to meet all demands without an appropriation
from the Treasury. The tax of one cent per bushel on all
oysters inspected in this State, as enacted by Chapter 488 of
the Acts of 1908, has been sufficient not only to pay the cost
of such inspections, but also to carry to this fund the balance
or excess of $22,010.95.