iv

STATEMENT C is an estimate of the probable receipts into the
Treasury during the current fiscal year (ending on the 30th
of September, 1860,) which are therein estimated at the sum
of $1,085,000. This estimate is of course based upon the ex-
isting revenue laws,

STATEMENT D contains an estimate of the probable demands
upon the Treasury in the current fiscal year, which in the
aggregate are set down at $974,694. This statement in-
cludes only the regular expenses of the State Government; no
margin being allowed for extra or special appropriations.

DIRECT TAX.

Table No. 1, of th.e Appendix, will show upon examination
that the receipts from the Direct Tax in the fiscal year were
$247,86,3.17, being an increase of $2,647.18 as compared with
the receipts from the same source in 1858. Of the receipts
on this account for 1859, the sum of $99,269.37 was derived
from the amount levied in that year, and $148,593.80 accrued
in previous years. Of the amount received into the Treasury
.from Direct Tax during the year, Baltimore city paid $98,-
386.03. The assessed value of the property of the city, as
returned to the Comptroller's Office, under the Act of Assem-
bly of 1858 amounts to $125,800,472, which is an increase of
$30,244,889 compared with the assessment of 1852.

It was so late in the fiscal year before the assessment. was
completed that but few payments were made into the State
Treasury in accordance with the new taxable basis afforded
by it, consequently the returns from the city on this account
appear very much the same as in the Comptroller's Report
for 1858.

The attention of the Legislature is respectfully called to
the propriety and justice of providing at its present session
for a new assessment of property in the. Counties. The in-
crease shown by the late assessment of the City of Baltimore
gives satisfactory assurance of the beneficial result of such a
measure for the State at large.

Since the General Assessment of 1852 there have been ex-
tensive accumulations of personal property, much of which