STATEMENT J—Continued.

	Amt. of Loans
Brought Forward ...........................	$19,685,880 55
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
Sinking Funds ...................... 5,966,304 54
	7,466,304 54
Net Debt after Productive Stocks held by
State and the Sinking Funds are deducted.	$12,219,576 01

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

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 De-
partment.

At the close of the Fiscal Year there was still outstanding $50.00 of the State Currency Loan, issued per Chap-
ter 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.

For this balance of $12,219,576.01 the State has as an offset her unproductive Stocks, amounting to
$1,272,020.99, and $1,322,245,21 due from accounting Offices and Incorporated Institutions,