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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

$16,607,500 91

6,553,500 00

$23,161,000 91

272,937 93

Total funded and unfunded debt, December

29, 1869, of

$23,433,938 84

This debt the Auditor of Accounts classifies as follows:

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Which increase of debt is accounted for as follows:

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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

Cash received since that date, being payments

made into the City Treasury on bonds and

mortgages on public lands,

Amount carried forward,

$6,339,757 78

119,546 41

$6,459,304 19

Amount brought forward,

$6,459,304 19

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

2,403 66

577,000 00 $7,038,707 85 359,500 00

$6,679,207 85

842,606 70

the debt, December 29, 1869

$7,521,814 55

THE DEBT AND MEANS OF PAYING IT OFF.

The consolidated debt of the city, funded and

unfunded, December 29, 1869, amounts to

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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

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

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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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