REPORT
OF THE
COMPTROLLER OF THE TREASURY

OF THE

STATE OF MARYLAND

October 3, 1955.
To His EXCELLENCY
THEODORE R. MCKELDIN,
Governor of Maryland.

In compliance with the provisions of Section 9 of Article 19
of the Annotated Code of Maryland, I submit herewith a report of
the fiscal activities of the State for the year ended June 30, 1955.

While the form of the report is substantially the same as that
for the preceding year, the figures, of course, tell the fiscal story for
the year recently ended. The report is voluminous, but we have,
nevertheless, limited the contents to fiscal data which we believe
should be in printed form for the benefit of public officials, financial
institutions, libraries, accountants, and others who are interested in
public fiscal information. I believe our report supplies the demand
for the data it contains.

In order that you might have at a glance the accounts which
are important in the State's fiscal picture, I am listing those accounts
below and the figures applicable to them for the year, with a com-
parison with the preceding year. I believe the figures will speak for
themselves. They are as follows:

	June 30, 1955	June 30, 1954
General Fund Surplus.............. $	4,431,358.96 $	6,004,533.33
Cash Balance.......	35,263,469.18	37,175,665.54
Annuity Bond Fund............	7,191,614.88	6,945,497.30
Bonds Issued and Outstanding	170,785,000.00	137,075,000.00
Bonds Authorized and
Unissued..............................	25,776,350.00	56,960,550.00
State Real Estate Tax Rate (Calendar	Year) 11 Cents	........5.67 Cents