The Cochituate Water Loans outstanding April 30, 1876, amount to $9,735,711.11; but the real debt of the Cochituate Water Works is shown by the excess of the interest and expenses for said works over the revenue derived from the same, and taxation received on outstanding loans, which is, as stated in the Appendix, $12,119,812.41.

The review of the accounts of the Cochituate Water Works has been made during the past year, and a clear construction account opened, as shown under the head of Cost of the Cochituate Water Works, in the Appendix, by which it appears that the actual cost of these works to April 30, 1876, is $11,994,579.78, and that the total revenue received to same date has failed to meet the current expenses of carrying on the works and paying interest on their net cost into the sum of $1,477,232.63. The income account of the works has been aided by the taxation of $1,352,000.00; with this added the net cost of the works, over revenue received, is still in excess of their actual cost, $125,232.63. The Cochituate Water Works will be required to pay interest the coming year on the $12,119,812.41, as given in the classified debt statement, and on all new loans made.

$1,757,534 07

THE MEANS ON HAND FOR PAYING THE DEBT. Cash in charge of the Board of Commissioners on the Sinking Funds, April 30, 1876, Certificates of indebtedness of the City of Boston, belonging to the "Board of Commissioners on the Sinking Funds,"

Public Land Bonds and Mortgages in the hands of
the Collector, secured on lands purchased of
the City, all payments on which are made to the
Board of Commissioners on the Sinking Funds,
Street improvement and other Bonds, do.,

Total redemption means, April 30, 1876,
Total redemption means, April 30, 1875,

Increase of means in 1875-76,

14,055,675 00

236,217 21 830,961 13

$16,880,387 41

16,218,402 92

$661,984 49

THE NET DEBT OF THE CITY.

Total funded and unfunded Debt, of all descriptions, of the City of Boston, April 30, 1876, Total means on hand for paying the same, April 30, 1876,

Net Debt of the City, April 30, 1876,

Net Debt of the City, April 30, 1875,

$43,933,165 01

16,880,387 41

$27,052,777 60

$27,294,208 20

The increase of the gross Debt during the year,

420,553 89

Net decrease of the Debt,

$241,430 60

The assessment of taxes to defray the expenses of the CITY OF BOSTON AND COUNTY OF SUFFOLK for the financial year 1875–6, less the revenue to be received from other sources; also to pay the State Tax levied on the City of Boston, 1875, was:

Collections,
Abatements,

$241,405 56 5 38

$241,410 94

The annual report of the Collector, found with this report, contains details of the uncollected taxes and assessments, giving the years they became due.

THE PAYMENTS.

Special laying out and widening streets,

CITY OF BOSTON.

Ordinary expenses, which include the interest, premium and exchange paid on the entire debt of the city ($2,607,933.20), and ordinary street widenings,

State Tax,

$11,008,718 04

1,244,492 67

802,120 00

Additional supply of water,

783,613 49

Water Works, Wards 17 and 19,

288,039 03.

Erecting new School-houses and land for the same,

277,746 57

Actual expenditures on account of the City of Boston, including State Tax,

The Treasurer's payments, in addition to the regular expenditures on account of the City of Boston, as given above, were to the Commissioners on the Sinking Funds, the revenue received on account of the several funds, balances of unexpended appro

priations and excess of income, $1,909,120 20

Amounts carried forward,

24 00

$15,114,389 72

$1,909,120 20 $15,114,389 72

Supreme, Superior, and Boston Municipal Court
Expenses, including Jurors' and Witnesses'
Fees, Salaries of Sheriff, Assistant Clerks of
Courts, and Constables, Printing and Stationery,
Repairs, care and lighting of, fuel, and furniture

for Court House and Court Room 39 Court street,
and expenses Municipal Courts in Roxbury, Dor-
chester, South Boston, East Boston, Charles-
town, West Roxbury, and Brighton Districts,
and Probate Court,

$235,079 52

59,798 46

Jail Expenses, Salaries of Officers, Repairs, Keeping and Feeding prisoners,

25,893 63

Coroners' Inquests and Views,

10,769 74

Arranging Indexes in Probate Office, and Clerical
Services in Probate Court,

6,984 75

Fees in Insanity and Juvenile Offender Cases,

16,339 46

Miscellaneous,

6,644 73

$361,510 29

Interest on Bank Balances and Taxes, and Pre

mium on Gold sold Sinking Fund Commis*sioners,

Instalments on Bonds belonging to the Sinking Funds, for proceeds of estates sold, betterments for various street widenings, and interest on bonds and betterments, and Public Land sales and rents, payable to the several debt sinking and revenue funds,

State of Massachusetts, Soldiers' Relief payments

Collecting Bank Tax,

248,628 94

915,524 89

for 1874,

86,100 00

Oliver street,

13,451 85

6,950 51

Bank Taxes, refunded from State,

3,135 62

Temporary City Loans,

750,000 00

Bank Tax, collected by the City of Boston, assessed

on non-resident stockholders and paid to State,

688,100 60