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CITY OF BOSTON.

In Common Council, Thursday, Dec. 30, 1869. THE Committee on the Reduction of the City Debt for the year 1869 have the honor to

REPORT:

That the following exhibit, made up from the books of the Treasurer and Auditor of Accounts, presents the indebtedness of the city, at the close of business, December 29, 1869:

At the commencement of the present financial

year, May 1, 1869, we find that the consoli- . dated funded debt on that date, as will be seen by the Auditor of Accounts' printed Report, No. 57, p. 187, was

Since that time, loans have been negotiated on an order of the City Council, to the amount of

Making total funded debt of
Deducting from this amount all the debt which
has become due and been paid this finan-
cial year

We have left a funded debt, December 29, 1869

Amount carried forward

$16,959,500 91

7,500 00

$16,967,000 91

359,500 00

$16,607,500 91

$16,607,500 91

Amount brought forward,

To which add for loans authorized but not

negotiated

To which is to be added the amount advanced by Treasurer on account Oliver street

Total funded and unfunded debt, December 29, 1869, of

Total debt, December 29, 1869

"

"L

"l

31, 1868

Increase of the debt in 1869

Amount carried forward,

$16,607,500 91

This debt the Auditor of Accounts classifies as follows:

Water Debt (net cost of works)

$9,481,687 71

City of Boston Debt, proper, "l War Loans.

11,272,101 13

"6

1,915,500 00

Roxbury Loans

764,650 00

Total as before

$23,433,938 84

$11,272,101 13

6,679,801 20

Increase of City of Boston Debt proper in

1869

6,553,500 00

$23,161,000 91

272,937 93

$23,433,938 84

Which increase of debt is accounted for as follows:

City of Boston Debt proper,

December 29, 1869

City of Boston Debt proper,
December 31, 1868

$23,433,938 84

18,428,502 75

$5,005,436 09

$4,592,299 93

$4,592,299 93

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Cash received since that date, being payments made into the City Treasury on bonds and mortgages on public lands,

Amount carried forward,

150,849 00

$5,005,436 09

The books of the Treasurer and Auditor of Accounts show that the means for paying the debt of the city consist of the following items, all of which are by ordinance specially appropriated for that object, viz:

Cash balance in the City Treasury, May 1, 1869, to the credit of the Committee on the Reduction of the City Debt and six per cent currency bonds of the city of Boston, held by the Treasurer, belonging to said committce, as stated in the Auditor of Accounts' printed Report, No. 57, page 170 $6,339,757 78

119,546 41

$6,459,304 19

Amount brought forward,

Cash received from sales and rents of public.
lands not included in preceding item
Cash received from the annual city tax for
1869, being the amount appropriated by
the City Council for this object, as required
by ordinance on Finance .

Deduct payments on debt since May 1, 1869,

Add bonds and mortgages on public lands now in the City Treasury, all of which are considered good

Total means on hand for the redemption of the debt, December 29, 1869

The consolidated debt of the city, funded and unfunded, December 29, 1869, amounts to $23,433,938 84

Less the means on hand

for paying the same, December 29, 1869.

$6,459,304 19

7,521,814 55

2,403 66

577,000 00

$7,038,707 85 359,500 00

$6,679,207 85

THE DEBT AND MEANS OF PAYING IT OFF.

842,606 70

$7,521,814 55

Net debt, December 29, 1869

The consolidated debt of the city, funded and

unfunded, December 31, 1868, amounted to

$18,428,502 75

Amounts carried forward, $18,428,502 75 $15,912,124 29

$15,912,124 29

Amounts brought forward, $18,428,502 75 $15,912,124 29

Less the means on hand for

paying the same, December 31, 1868

Net debt, December 31, 1868

Net increase of the debt during 1869

5,618,309 75

$12,810,193 00

$3,101,931 29

This will show that while the gross debt has been increased during the year, $5,005,436.09, that the means for its redemption increased during the same time $1,903,504.80; and that the net increase of the debt during 1869 up to the time of making this report is $3,101,931.29.

Respectfully submitted.

NATHANIEL B. SHURTLEFF, Mayor.

WILLIAM G. HARRIS, President of the Common Council. FRANCIS A. OSBORN, Chairman Committee on Finance on the part of the Common Council.

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