SPECIAL TRUST FUNDS IN THE CUSTODY OF THE TREASURER OF THE UNITED STATES AT THE CLOSE OF THE FISCAL YEAR 1906. The transactions of the Treasurer of the United States, ex officio commissioner of the sinking fund of the District of Columbia, pertaining to the affairs of the District, are fully set forth in a separate report. During the fiscal year 1906 the bonds of the funded debt retired amounted to $463,650, resulting in a reduction of the annual interest charge by $16,923.22. From July 1, 1878, to the close of the fiscal year 1906, the bonded debt was increased by the issue of 3.65 per cent bonds for $1,254,050, and decreased by the operations of the sinking funds and otherwise $11,773,000, making a net reduction of $10,518,950, and of the annual interest charge $592,808,07. The interest-bearing bonds of the funded debt outstanding June 30, 1906, were $11,587,700. Since the close of the fiscal year the debt has been further reduced by the purchase of 3.65 per cent bonds for $358,600. This leaves outstanding October 1, 1906, $11,229,100 in bonds bearing 3.65 per cent interest. The act of Congress approved March 31, 1906, provides that retentions from contracts with the District of Columbia for the construction of bridges and sewers shall be held for one year instead of five years, as provided for in prior acts. The act also covers and comprehends all contracts of this character now completed and accepted. The provisions of this act increased the number of settlements, and during the fiscal year the retentions from 67 contracts were canceled by the return to the contractors of $111,950 in bonds, and $38,091.11 in cash, representing retentions amounting to $163,611.59. At the close of the fiscal year 1906 the 10 per cent guaranty fund retained from District contractors amounted to $296,087.90 and was credited to 63 separate contracts. Of this sum, $228,173.01 is invested in bonds purchased at the request and risk of contractors. The receipts during the year for account of the police relief fund were $75,827.12, and for account of the fireman's relief fund, $28,112.84. These sums were advanced to the Commissioners of the District in monthly installments. The securities of the District in the care and custody of the Treas The foregoing statements as well as those appended, show a gradual increase in the volume of business. The duties which the immense transactions of the Government impose on the Treasurer's office are many and involve great responsibilities. Many changes have been made during the last year in the manner of keeping the records and of rendering reports by saving duplications, triplications, and unnecessary entries that have been eliminated without detriment, thereby saving time and labor to the Treasury as well as to the various subtreasury offices. The Treasurer recognizes and commends the efforts put forth by the staff, chiefs of divisions, and every person employed in the office to improve the efficiency of the service and to lighten the burdens of his responsibilities. Respectfully, Hon. LESLIE M. SHAW, Secretary of the Treasury. CHAS. H. TREAT, Treasurer of the United States. APPENDIX TO REPORT OF THE TREASURER. No. 1.—REVENUES AND EXPENDITURES FOR THE FISCAL YEAR 1906, AS SHOWN BY WARRANTS ISSUED. No. 2.-NET ORDINARY REVENUES AND EXPENDITURES FOR EACH QUARTER OF THE FISCAL YEAR 1906, AS SHOWN BY WARRANTS ISSUED. Total. EXPENDITURES. Civil and miscellaneous. Navy Department.. Total.. Excess of expenditures. $75,696, 742.93 $74,847, 775.78 66,996, 857.32 $78, 207, 193.04 1,020, 431. 12 $71,500, 166. 02 $300, 251, 877.77 11, 639, 501.39 249, 150, 212.91 4,879, 833. 65 40, 172, 197.34 148, 597, 589.88 150,046, 546.77 149, 752, 679.52 146,057, 305.50 594, 454, 121.67 41,609,020.43 41,000, 162. 15 2,852, 022.95 39, 831, 898. 48' 37,382,823.44 159, 823, 904.50 119, 704, 113.09 111, 166, 784.35 12, 746, 859.08 141,034, 561.77 24,308, 576. 27 156, 565, 394.08 147,564, 374.51 136, 379,052.36 128, 275,978. 11 568, 784, 799.06 7,967,804. 20 2, 482, 172.26 13,373, 627. 16, 17,781,327.39 25,669, 322.61 149 H. Doc. 9, 59-2——11 |