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Annual Report of the Comptroller, 1912
Volume 276, Page 35   View pdf image (33K)
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STATEMENT J—Continued.

CHARACTER OF LOANS.

Amount of
Loans.

Brought Forward ....................................

$13,028,095 63

As an offset to this debt, the State holds the following

 

Bonds and Stocks on which interest or dividends have

 

been promptly paid, to wit:

 

" Mortgage of the Northern Central Railway

 

Company ................................ $1,500,000 00

 

Stocks, Bonds and Cash to credit of the Sink-

 

ing Funds................................ 5,701,836 65

 
 

7,201,836 65

Net Debt after productive stocks held by State

 

and the Sinking Funds . are deducted .........;.

$5,826,258 98

At the close of the Fiscal Year there was still outstanding $1.00 of the Maryland State Loan, issued per Chapter
366 of 1872. Interest on same has.ceased, and this amount will be paid when presented at the Treasury Department.

At the close of the Fiscal Year there was still outstanding £1,500 of the Sterling Loan, issued per Chapters 386
and 396 of 1838. Interest on the same has ceased, and this amount will be paid when presented at the Treasury
Department.

At the close of the Fiscal Year there was still outstanding $50.00 of the State Currency Loan, issued per chapter
322 of 1839.

At the close of the Fiscal Year there was still outstanding $303.99 of State Currency Loan, issued per Chapter
20 of 1839.......

Interest on same has ceased and these amounts will be paid when presented at the Treasury Department this balance of $5,826,258.98 the State has as an offset her unproductive Stocks, amounting to $1,099,626.99,
and $877,571.93 due from Accounting Officers and Incorporated Institutions.

 

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Annual Report of the Comptroller, 1912
Volume 276, Page 35   View pdf image (33K)
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