ix REPORT OF THE COMPTROLLER OF THE TREA.SURY.

STATE DEBT.

The total indebtedness of the State, as shown in detail
in Statement "J," was at the close of the fiscal year 1893,
$8,684,986.24... If you deduct from the gross debt the value
of the productive stocks held by the State, and the stocks
and bonds held on account of the Sinking Funds, the net
debt will be found to be $2,659,571.81, being less than that
of the previous fiscal year by $422,714.54. An examination
of the character and market value of the securities held by
the State as an offset to this balance, will show that the net
debt of the State, after making the deduction at market
value, instead of face value, would be very materially
decreased.

ASSESSMENT OF REAL AND PERSONAL PROPERTY.

Statement, "K" shows the assessment of the real and
personal property in the several Counties and the City of
Baltimore for the fiscal year of 1893, the aggregate of which
is $524,056,241.00, being greater than that of 1892 by
$8,918,713.00...

A comparison of the assessable basis for the past five
years shows a gratifying increase, to wit:

1889................................................ $477,398,380. 00

1890......................................................... 482,184,824.00

1891........................................................... 510,003,077.00

1892........................................................ 515,137,528.00

1893.................................................. 524,056,241.00

The Levy for State Taxes for 1893 on the real and
personal property, at 17 3/4 of a cent on each $100, amounted
to $930,199.76.

PUBLIC SCHOOL, TAX.

Statement "L" shows in detail the Levy, Receipts and
Disbursements on account of the Public School Tax. The
Levy for the year 1893 amounted in the aggregate to $550,-
259.06, but this amount will be. somewhat decreased when the
abatements in the form of insolvencies, erroneous assess-
ments, etc., are allowed.

The Receipts for the fiscal year 1893 amounted to $591,-
075.89, being greater by $39,673.46 than that of the previous
year.

The disbursements of the School Tax for the fiscal year
of 1893 were $599,089.83, being greater by $38,576.97 than
for the fiscal year 1892.