October 3, 1949.

To His EXCELLENCY
WILLIAM PRESTON LANE, JR.,
Governor of Maryland

In compliance with the provisions of Section 9 of Article 19 of
the Annotated Code of Maryland, I submit herewith my report for
the fiscal year ended June 30,1949. I believe the data covered in the
various statements which follow will be found to contain full and
interesting information regarding the fiscal affairs of the State.

Respectfully,

JAMES J. LACY,

Comptroller.