Sir-Herewith is transmitted the Annual Report required from this office. I have the honor to be, Your obedient servant, [Assem. No. 5.] 1 A. C. FLAGG, Comptroller. The Comptroller, in obedience to chapter VIII. Title 3, Article 1, of the First Part of the Revised Statutes of this State, has the honor to submit to the Legislature the following REPORT. FUNDS. The several funds belonging to this State, an account of which is embraced in this report, are the following, viz: General Fund, Common School Fund, Canal Fund, Literature Fund and Bank Fund. GENERAL FUND. This fund is extinguished: (See statement A.) CANAL FUNDS. These funds consist of the following items, viz: Lands granted for the construction of the canals, by the State, by companies and by individuals, remaining unsold; and also, the canals themselves. To the Erie and Champlain Canal Fund belong also a part of the auction duty and the whole of the salt tax, as well as the tolls; but, as the whole receipts from all these sources are applicable, in common, to the construction and repair of the canals and the extinguishment of the canal debt, no distinction is made between capital and revenue. 1.. |