44 REPORT OF THE COMPTROLLER OF THE TREASURY

STATEMENT "L"
Investments as of September 30, 1940

Annuity — Capitalized Value:
Bonded Indebtedness Retirement Fund — Northern Central
Railway Annuity Capitalized at 6% per annum.............................		$1,500,000.00
Bonds and Stocks — Par Value:
State Accident Fund:
Baltimore City 4% Stock................................................................	$30,000.00
Baltimore County Metropolitan District 4% Bonds........................	55,000.00
Dorchester County 5% Bonds..........................................	100,000.00
Easton, Maryland 4% Bonds.............................................	5,000.00
Federal Farm Mortgage 3% Bonds..............................................	50,000.00
Federal Land Bank Consolidated 3M% Bonds,......................	2,000.00
Federal Land Bank Consolidated 3% Bonds..................................	100,000.00
Home Owners Loan Corporation 1 1/2% Bonds..............................	50,000.00
Salisbury, Maryland Water and Sewerage 41/2% Bonds .................	25,000.00
State of Maryland Emergency Bond Issue of 1935, 3% Bonds......	50,000.00
State of Maryland General Bond Issue of 1937, 2%% Bonds.......	300,000.00
United States Treasury 3 1/4% Bonds..................................................	187,800.00
United States Treasury 2-7/8% Bonds........................................	270,000.00
United States Treasury 2 3/4% Bonds.........................................	100.000.00
United States Treasury 2 1/2% Bonds .......................................	100,000.00
Washington Suburban Sanitary District 4 1/2% Bonds................	50,000.00
Wicomico County 4 1/2% Bonds..............................................	10,000.00
Total State Accident Fund Investments..........................	$1,484,800.00
University of Maryland Fund:
Baltimore City 4% Stock.............................................................	$39,000.00
Federal Land Bank Consolidated 3 1/4% Bonds........................	20,000.00
Federal Land Bank Consolidated 3% Bonds ...........................	23,000.00
Prince George's County 4 1/2% Bonds ..............................	2,000.00
State of Maryland General Construction Loan of 1931, 4 1/2%
Bonds..................................................................................	2,000.00
United States Treasury 3 1/4% Bonds..............................—	11,000.00
United States Treasury 2 3/4% Bonds.............................	20,000.00
Total University of Maryland Fund Investments............	$117,000.00
Total Bonds and Stocks — Par Value............................................		$1,601,800.00

Grand Total................................................................................... $3,101,800.00