Statement of Funded Debt redeemable from Taxation, January 1st, 1848. 5 per cent. Floating Debt Stock, Feb. 1st, 1848. $50,000 00 Building Loan 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 8375,000 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 8471,668 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 Fund consists 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 brought 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 847,790 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.. $47,790 16 Revenue Bonds issued in anticipation of Tax of 1847.. 1,508,092 00 Amount due Common Schools on Levy of 1847. 109,735 99 Floating Debt Instalment No. 8, in Levy of 1847. 50,000 00 Balance of State Tax of 1847. 123,576 76 55,482 90 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.... Permanent City Debt, redeemable from the Sinking Fund, Jany. 1st, 1849. Amount of Stocks and Bonds held by the Com- Balance in Treasury to the Credit of the Water Balance of cash in bank to credit of Commission- Total already incurred, yet to be redeemed by There is authority yet to issue for the completion of the Water Works and payment of dainages, Water Stock to the amount of.. Total amount of debt authorized, yet to be redeemed by the Sinking Fund.. 20,000 00 $11,641,232 26 46 before.....1850 399,989 00 $14,646,783 00 .$2,981,001 00 Stocks and Securities held by the Commissioners of Sinking Fund for the redemption of City Debt, January 1st, 1849. Bonds and Mortgages taken on sales of Real Estate by Cominissioners of Sinking Fund... Bonds and Mortgages taken from insolvent Insurance Companies in 1836, and for which the "Fire Loan Stock" was issued. Bonds and Mortgages taken on sales of Real Estate by Commissioners of Sinking Fund belong. ing to "Fire Loan Account". $324,627 11 101,392 71 43,800 00 Real Estate belonging to "Fire Loan Account,' estimated as worth.. |