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Annual Report of the General Treasurer, Made to the General Assembly,

Annual Report of the General Treasurer, Made to the General Assembly,


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: Bonded Indebtedness. The bonded indebtedness of the State is $7,832,000.00, an increase of $130,000.00 since the last report, due to the sale of bonds to that amount of the Charitable Institutions Loan of 1918. Bonds of that loan to the par value of $695,000.00 remain to be disposed of as the proceeds may be required by the Penal and Charitable Commission. The securities and cash in the sinking fund at the close of 1919 amounted to $1,421,860.34, an increase of $158,016.71 since the last report, making the net indebtedness of the State $6,410,139.66, and showing a decrease in the net indebtedness of $28,016.71 during the year. The sinking fund at the close of the fiscal year 1918 consisted of: United States bonds at par $75,000 00 Other securities at par 961,000 00 Certificates of deposit -77,449 27 Cash on deposit: 150,394 36 $1,263,843 63 At the close of the fiscal year 1919 the sinking fund consisted of: United States bonds at par $265,000 00 Other securities at par 1,056,000 00' Certificates of deposit 77,449 27 Cash on deposit 23,411 07 $1,421,860 34 The changes in the investments during the year show an increase of $285,000.00 in securities at par, and a decrease of $126,983.29 in cash on deposit as appears by the following cash account of the sinking fund: chapter{Section 4Dr. Cash on deposit December 31, 1918 $150,394 36 Appropriation to sinking fund, 1919 100,997 00 Proceeds of redemption of 12 District of Nar- ragansett $1,000 bonds and 23 City of Woon- socket Water Works $1,000 bonds maturing 1919 and held by State House Construction Sinking Fund; 35,000 00 Interest $53,485.79, less $1,899.08 paid on United States bonds purchased. ..' 51,586 71 Discount on $110,000.00 United States bonds purchased 5, ...


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Product Details
  • ISBN-13: 9781459037700
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 48
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1459037707
  • Publisher Date: 01 Jul 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 104 gr


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