Full Excerpt

The City Treasurer has paid, with moneys received from the Board of Commissioners of Sinking Funds and from taxes, the following amount of debt :

City loans matured:

Bearing 3 per cent, interest, $1,325,000 00

Si “ “ 4,697,000 00

4 “ “ “ 998,000 00

County Loans matured, bearing 3 per cent, interest, 17,000 00

Cochituate Water Loans:

Bearing 3£ per cent, interest, 272,000 00

4 “ “ “ 182,000 00

“ 5 “ “ “ 39,000 00

6 “ “ “ 19,000 00

“ 5 “ “ “ (£19,800 sterling), 96,356 70

$7,645,356 70

The following shows the amount, rate of interest, and term of the debt issued:

10 years. 20 years. 30 years. 40 years. Total.

3£ per cent., $220 $509,600 $2,150,000 210,000 $2,869,820

3 “ “ 75,080 835,500 1,884,800 306,000 3,101,380

$5,971,200

All of the debt issued during the year was taken at par by the Board of Commissioners of Sinking Funds or various trust funds. 8

auditor’s report.

RIGHT TO BORROW IN 1902.

City of Boston,

Board of Commissioners of Sinking Funds,

City Hall, January 6, 1902.

Hon. Patrick A. Collins,

Mayor of the City of Boston :

Sir, —In accordance with the provisions of Chapter 93, Acts of 1891, it is estimated that the amount which the city will be able to borrow during the present municipal year, within the debt limit established by law, is $3,792,546.16, as per schedule annexed.

Respectfully,

Nathaniel J. Rust,

Edward H. Dunn,

Chas. H. Allen,

Frank G. Webster,

Joseph H. O’Neil,

Ubert K. Pettingill,

Board of Commissioners of Sinking Funds.

G. U. Crocker, City Treasurer. James H. Dodge, City Auditor.

Total Debt, ...