Stocks and Securities held by the Commissioners of Sinking Fund for the Redemption of City Debt, Jan. 1st, 1848. Bonds and Mortgages taken on Sales of Real Estate by Commissioners of Sinking Fund.... $205,064 49 Bonds and Mortgages taken on sales of Real Es- Real Estate belonging to "Fire Loan Account," estimated as worth... 101,392 71 42,330 00 $16,357 34 22,000 00 $370,787 20 $2,856,736 54 Statement of Funded Debt redeemable from Taxation, January 1st, 1848. The receipts of the "Sinking Fund for the Redemption of City Debt,' within the year, including the balance in Bank, at the commencement thereof, amounted to $511,779 88, of which $100,613 37 were derived from interests on Stocks held by the Commissioners of the "Sinking Fund." $109,000 from sales of Real Estate, and Collections on Bonds and Mortgages $209,613 37 Annual Revenue; the residue. $85,770 60, being the balance in the Bank, January 1st, 1847. The Payments and Investments during the same period amounted to $495,422 50, of which $375,000 were invested in Stocks and Bonds of the City, bearing interest at 5 and 6 per cent, per annum; $120,305 were paid for the redemption of the "7 per cent. Water Loan." issued in 1842; $117 54 were paid for expenses connected with sales of Real Estate. The balance in Bank, January 1st. 1848, uninvested, amounted to $16,357 34. The total means of the "Sinking Fund for the Payment of Interest" during the year, amounted to $807,091 21, of which $171,668 41 were derived from Revenues. $35,422 80 was the balance in Bank. January 1st, 1847, and $300,000 were raised by Tax. The Payment on account of "Interest on City Debt" during the same period, amounted to $765,417 25. leaving a balance in Bank to the credit of the Fund, January 1st, 1848, of $41,673 96. There is a Sinking Fund account kept with reference to the interest on "Fire Loan Stock," the Revenue of the Funds consis's of interest on Bonds and Mortgages taken from Insurance Companies rendered defunct by the Great Fire in 1835, and for which the "Fire Loan Stock" was issued, and Rents of Property bought in by foreclosure. The total means of this Fund for the year 1847, were $47,391 28. The Payment for interest on the Fire Loan Stock." and repairs to property &c., amounted to $25,104 52, leaving a balance in Bank to the credit of the Fund, January 1st, 1848, of $22,286 76. The total means of the City Treasury" for the same period, were $5,666,682 65; the Payments on Comptroller's Warrants, $5.575,340 81; leaving a balance in the Treasury, January 1st 1848. 91.342, from which deduct outstanding Warrants amounting on the 1st day of January, 1848, to $47,790 16, and it leaves a net balance of $43,551 84. Temporary Debt of 1847, and the means provided towards the Payment as it existed January 1st, 1848. Warrants on Treasury outstanding.. Revenue Bonds issued in anticipation of Tax of 1847. Floating Debt Instalment No. 8, in Levy of 1847.. Due Water Fund..... Total Temporary Debt.... To meet the above there is— Tax, collectable of 1846 and previous years... Aggregate Balance in Treasury, Jan. 1st, 1848.. Balance of Tax of 1847 in course of collection... Deficiency of Means... $19,793 83 8,534 61 91,342 00 24,412 53 1,658,451 14 47,790 16 1,508,092 00 109,735 99 50,000 00 123,576 76 55,482 90 $1,894,677 20 2,931 03 $1,805,465 14 $89,212 06 |