I transmit herewith statements showing the condition of the seve ral funds for the fiscal year ending November 30, 1849.

The balance in the Treasury is $55,957 47. During the past fis cal year every demand upon the "general fund" has been paid upon presentation, and all of the interest due on the adjusted portion of our State debt, with the exception of $342 12, which has not been pre sented for payment, and the interest due on $72,000 of our State bonds held by the general government. The five per cent. due us for lands sold within the State, and the advances made to volunteer regiment, say nothing of other claims due us from the general gov. ernment, will more than counterbalance the interest due on these bonds. The interest due January 1st, next, on our State bonds, amounts to $18.024 03, which will be paid at that time. There is also $47,327 20 of principal of State bonds due January 1, 1850. From our collections into the Treasury during this month, I trust we shall be enabled to pay all of the demands made upon the general fund, with the exception of a small portion of the bonds due January 1st, next, and these during the next month. The difficulty at the present time, in not having the means to send forward to pay these bonds promptly at maturity, arises from the advances made to meet the interest due and past due on our State indebtedness during the last year. While a portion of the interest paid upon our State debt

is raised by a tax levied and collected before it becomes due, a parg of the interest, if paid as it falls due, has to be met by an advance from the general fund before the tax can be leviel under the present laws. This is a source of great embarrassment to the Treasury, and must increase under the present laws, as we are iung bonds for internal improvement warrants, and the part paid "five million loan" bonds.

66

I will report at an early day of the session on that part of my connected with the banks.

duties

GEO. B. COOPER,

State Treasurer.

Treasurer of the State of Michigan, in account with the State of

DR.

Nov. 30. To bal in

Michigan.

By am't paid during
fiscal year on acc't

CR.

$52,736 98 of general fund,
do int imp't do
do contingent do
213.008 51 do State build'g do
208,91 61 do treasury no es
17,918 72 burned,

$154.740 55

250 122 83

1.616 29 1,793 91

246 00

10,233 67 do pri. sch Int. fund
31.045 85 do Umv. do

40,321 84

do

11.897 27

1,066 38

55.597 47

$546,902 04

10,741 80 do M. C. R. R. C. d's,
1,850 do balance in treas.
Nov. 30, 1849,

454 06

$546,902 04