*Coupons Nos. 39 and 40, amounting to $105,000, of Pacific Railroad bonds, have not been paid. The State Controller having declined to draw his warrant for the payment thereof, a writ of mandate was sued for. The case is now pending in our Supreme Court.

†The Act of the Legislature of 1880 creating these Funds having been declared unconstitutional by a decision of our Supreme Court, my predecessor, Hon. John Weil, refused payment on all outstanding Controller's warrants on said Funds. The amounts remaining in these Funds cannot, under existing statutes, be diverted to other purposes. It therefore remains for the Legislature to make such disposition of the same as it may deem

proper.

REMARKS.-Interest ceased on the outstanding bonds of 1857 and 1860 July 31, 1875.

BONDS HELD IN TRUST FOR RELIEF OF JAS. SAULTRY.

STATE DEBT AND KIND OF MONEY IN THE TREASURY JUNE 30, 1884.

KIND OF Debt.

Amount.

Total.

Outstanding 7 per cent civil bonds of 1857, issued under the
Act of April 28, 1857-

Outstanding 7 per cent civil bonds of 1860, issued under the
Act of April 30, 1860–

$5,000 00

500 00

Outstanding 7 per cent Capitol bonds of 1870, issued under the

Act of April 4, 1870.

250,000 00

Outstanding 7 per cent Capitol bonds of 1872, issued under the
Act of March 28, 1872-

250,000 00

Outstanding 6 per cent Funded Debt bonds of 1873, issued under the Act of April 2, 1873

2,698,000 00

Total funded indebtedness

$3,203,500 00

Outstanding Controller's warrants on General Fund.
Outstanding Controller's warrants on School Fund.
Outstanding Controller's warrants on State School Land Fund.
Outstanding Controller's warrants on San Francisco Harbor
Improvement Fund

$65,272 81

355 33

200 00

3,909 92

Outstanding Controller's warrants on State Drainage Construction Fund...

46,559 81

Outstanding Controller's warrants on Construction Fund of
Drainage District No. 1

9,725 87