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 $300.00 of the 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 $17,769,613.96 the State has as an offset her unproductive Stocks, amounting to $1,272,026.99, and,
$1,709,088.68 due from accounting officers and Incorporated Institutions.

Series "J" .......................................	171,000 00	Aug. 1, 1928
Series "K" .......................................	178,000 00	Aug. 1, 1929	State Deficit
Series "L" .......................................	185,000 00	Aug. 1, 1930
Series "M" ......................................	193,000 00	Aug. 1, 1931
Making an aggregate of .............................	$26,285,880 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 Sink-
ing Funds .................................. 7,016,266.59
	8,516,266 59
Net Debt after Productive Stocks held by State and
the Sinking Funds are deducted..................	$17,769,613 96