STATEMENT A—7
Investments Owned as at June 30, 1965

	INTEREST
			DATE OF	PAR OR
FUND AND NAME OF SECURITY			MATURITY	CAPITALIZED	TOTAL
	Rate Stated	Date of		VALUE
	in Security	Payment
GENERAL FUND:
U. S. Treasury Bills....	None	At Maturity	9/30/65	$10,000,000.00
U. S. Treasury Bills........	None	At Maturity	11/26/65	7,000,000.00
U. S. Treasury Notes..	4%	5/15-11/15	11/15/65	1,700,000.00
U. S. Treasury Bonds... .	4 1/2%	2/15-8/15	8/15/87-92	5,000,000.00
U. S. Treasury Bonds.......	43/4%	5/15-11/15	5/15/74	5,000,000.00
Certificates of Deposit. ...........	3 1/2%	At Maturity	10/1/65	11,922,000.00	$40,622,000.00
SPECIAL FUNDS:
U. S. Treasury Bills...................	None	At Maturity	7/8/65	$4,950,200.00(A)
U. S. Treasury Bills..................	None	At Maturity	7/15/65	7,903,800.00(A)
U. S. Treasury Bills........	None	At Maturity	7/22/65	4,958,826.39 (A)
U. S. Treasury Bills..	None	At Maturity	7/29/65	9,909,938.34(A)
U. S. Treasury Bills	None	At Maturity	11/26/65	2,945,638.33(A)	$30.668,398.06
LOAN FUNDS:
U. S. Treasury Bills.......	None	At Maturity	7/1/65	$4,974,275.00(A)
U. S. Treasury Bills. .......	None	At Maturity	7/8/65	4,970,288.89 (A)
U. S. Treasury Bills.	None	At Maturity	9/30/65	9,860,894.44(A)
U. S. Treasury Bills..	None	At Maturity	11/12/65	9,824,500.00(A)
Maryland Port Authority Loan of 1958:
U. S. Treasury Bills.	None	At Maturity	7/1/65	$1,000,000.00
U. S. Treasury Bills........ .......	None	At Maturity	9/16/65	1,500,000.00	$32,129,958.33
MISCELLANEOUS FUND:
Bonded Debt Retirement Fund:
Northern Central Railway Company Annuity of $90,000 secured by Mortgage Agreement		1/27-4/27
Capitalized at 6% ..	6%	7/27-10/27	Irredeemable	$1,500,000.00	$1,500,000.00
NON BUDGETED FUNDS:
State Roads Commission:
State Highway Construction Bonds Sinking Fund:
U. S. Treasury Bonds.............	2 1/2%	6/15-12/15	6/15/62-67	$2,000,000.00
U. S. Treasury Bonds...	2 1/2%	6/15-12/15	12/15/63-68	3,000,000.00
U. S. Treasury Notes...........	35/8%	2/15-8/15	2/15/66	435,000.00	$5,435,000.00