Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-12-19

half year Of $780, heretofore withheld from this fund for
reasons before stated. and which has paid up with
81 1877 dollars Al cents.
These receipts with the aid Of the balance on hand a,
the commencement OF the year. and OF Sl650 dollars
eeived by the sale oil stock Tor the purpose OF paying of
tho States sub,cripi to the Petersburg Railroad Com.
Pany noticed IN the last annual report Of the Board OF
Public Works, enabled that board to discharge interest
the amount Of 1851 do lars % n on the various
obtained Tor purposes Of internal improve aud ap.
ply ards the payment OF subscriptions To joint sork
companies nciui ny that to the Peter sburg road Com
Pasy, which has been fully paid since the expia ion OF
the year, the sum OF li2lI2 doa 80 cents Hence il
appears hs without taking into view the receipts from
the James River Company aud the Petersburg rsitroAd
loan above niionrd. there has been paid since the nh
September, 1884, from the proper Of the fund
Alone towards the two purposes al interest and subscrp
tions. the large sum OF i09.037 doiis,s q cents.
The receipts from interes and dividends for the
year. are estimated at 1889 dollars SO cents Wiihou,
noticing tho interest the loan TO the Richmond Dock
Company, part due and unpaid and accruing within the
year. which cannot be calculated upon under the pre-
circumsances OF That company there will probably
main l09.327 dollars
The surplus profits Of the improvements Of the J.me.
River Company, receivable during the period and ap
pcsble to the payment OF the the that
company, are esimate 40 900 dollars but the contin
g"nees to which those and the agricultural
products transported them, table, may greatly les
sen the amount.
IL may also be remarked that the surplus itself in the
event oil the organization oil the James River and Kanawha
Company becomes the property Of that asoca ion The
State will then be entitled in any dividend of
such surplus only in the proportion which its paid. up
Stock 10 the said company may bear to the p
ve subscription. paid which proportion will OF
De gradually diminished the pr
vale subscriptions increase in In such case the
dividends anu interest the stocks the fund which have
heretofore been relied upon for the payment OF subscp
ions 10 Joint stock companies, may unless other be
provided by the General Assembly, be to considerable
extent diverted to the payment Of interest," and ceres
ponding inability 10 afford aid works improve.
men become unavoidable, until the of the James
River and kanawha improv shalt have contributed
oy adduonai tolls to remedy the inconv enience.
subscriptions authorized by law TO Joint stock compa
Mes as shewn in note to statement G, to the
4OO dollars still remain 10 be made by the Board of
Public Works, and there believe will be called
Tor at an early period of the year. One fourth of each
subscription, amounting in the whole 500 dollars is
payable at the time OF subscribing; bat il will be seen
from the estimate herewith submitted that after the erist.
ing engagements oil the board for the year are
provided or there will be left IL the fund retains
the ul 6eneht OF its present resources very small
plus, entirely inadequate TO meet so large demand.
AZ the same time, IL is that there bank stocks
belonging TO the disPosable fund a sufficient amount
but they have for some time been looked equally
with the permanent funds ndpens able source of re.
venue. as well account OF the effect which may be
produced by the incorporation OF the James River and
kanawha Company, before advertcd TO, of the heavy
aud increasing charges the fund for interest has
Judged by the Board oil Public Works inc pc den TO dis.
pose oil them, unless IL shall be the pleasure Of the &C.
neral Assembly 10 direct.
Vi the description of stocks here referred to- are those
purchased during The past year, with the amount reim-
oursed on account OF the loan from the fund the Dis
maj swamp Canal Company, under the act Of 1921.
All which is respectfully submitted
]. BROWN, JR. Second a,tditor.