REPORT OF THE COMPTROLLER OF THE TREASURY. vii

allowing the actual working cash in the Treasury on October
1st, 1011, to wit:

Balance in Treasury September 30th, 1911..		$1,471,520.64
Due Public Schools and Free Books ..........	$701,911.97
Due State Insane Hospital Loan .............	124,208.00
Due Motor Vehicle Licenses .................	37,181.98
Due Tobacco Warehouse Fund...............	27,456.12
Due Sanatorium Loan .......................	19,452.00
Due Public Buildings Loan ..................	3,451.56
Due State Loan of 1902 ......................	194.26
Due Ovster Fund ...........................	121.05
		913,976.94
Balance applicable for ordinary ex-
penses on October 1st, 1911 ....,		$557,543.70

Do not be misled by this large balance. On October the
10th, there was paid $465,125.00 to Public Schools, Approved
High Schools, and for Text Books, while the first quarterly
apportionment of all the ordinary appropriations became avail-
able on the first day of October and were largely paid. There-
fore the greatest care should be exercised by the General As-
sembly in enacting future appropriations in order that the same
shall always be kept within the revenues of the State.

SINKING FUNDS.

In Statement "E" are shown in detail the operations of the
funds account during the fiscal year, and since it became neces-
sary to create a sinking fund for each of the three new loans,
viz: State Insane Hospital Loan, Public Highways Loan and
the Sanatorium Loan issued in pursuance of the Acts of the
last General Assembly, for your information I beg to submit
herewith the following condensed statement of the amount of
bonds purchased for the several Sinking Funds, to wit: