REPORT

OF THE

Comptroller of the Treasury

OF THE

STATE OF MARYLAND

TREASURY DEPARTMENT,

COMPTROLLER'S OFFICE,

ANNAPOLIS, January 7, 1903.
To His Excellency,

John Walter Smith,

Governor of Maryland:

It becomes my duty and pleasure, in obedience to the provisions
of Section 9 of Article 19 of the Code of Public General Laws, to
submit to Your Excellency my annual report for the fiscal year
ended September 30, 1902.

RECEIPTS.

The amount received into the Treasury proper, from all sources
during the fiscal year, was $3,631,259.48, as will be seen by refer-
ence to statement "A." This, together with the amount of $972,-
412.91 in the Treasury proper September 30, 1901, and $9,853.73
to the credit of the Fund's account, as will be seen in statement
"F," will make the total $4,613,526.12, including such balance.

While said statement "A" shows the actual receipts during the
year to be $3,631,259.48, there should be deducted from this
amount, in order to ascertain the ordinary revenue of the State, the
sum of $400,000, on account of the "State Loan of 1902," since
bonds for this loan were issued to this extent, and the moneys aris-
ing from such sale, although taken by the State, came into the
Treasury. It may be proper to add just here, that the last Legis-
lature, by Chapter 200, authorized a new State Bond issue of