Evening star., 1913-12-03

Total debt of the District of Co
lumbia June 80. 1918. s., col .6Ss 81
I. Reduction Of Debt.
The reduction of the funded debt dur
ing the fiscal year 1913 was $G47. 100
and of the unfunded debt on account OF
general advances by the United States
$1.17O.316.53 exclusive Of interest). Ad.
vances We're made during the year by
the United States on account of special
park improvements amounting to $25,-
9d1.4s, upon which and prior advances
repayments were made in the sum OF
6.2SS - Exclusive of INTEREST,".
The item of s616, 1922 Is the balance
June 80, 1913, of the sum OF s719.5360 90
for the maintenance of District patients
in the Government Hospital for the In
sane during the fiscal years 1SS1-1911, in
elusive, iii excess of the amounts paid
by the District for that service during
that period after deducting $1O2. 100. 81
which was reimbursed to the United
States on that account during the fisca
year 1913. pursuant to the direction In the
sundry civil appropriation act approved
August "a, 1912, as amended by the Dis.
trict of Columbia appropriation act, ap.
proved March 4. 1913
Drawback Certificates.
No change has occurred in the status
of the conditional obligation Of the Dis.
trict to redeem so. .ii7.2O of drawback
certificates issued under acts of Congress
approved June -, 1878 - Stat. 1860. and
subsequent acts, mentioned in the report
of the Commissioners for the fiscal yeal
1900. for overcharges of special assess
ments levied by form er municipal govern.
ments of the District, which are receiv.
able for general taxes and certain specia
assessments.
General Assessment 1918.
The assessor reports the assessment o.
District of Columbia for the fiscal yea
ended June so. 1913. based upon valuation
of all real estate lat not less than two
thirds of the true value thereof, and OF
saluation of personal property at "a fai
cash value and over and above exemp
lions provided by Law. said assessment
having been made pursuant to the pro
visions OF the act of Congress. approved
July l, 1902 entitled An act making ap
preparations 10 provide for the expenses
of the government of the District Of Co
lumbia for the fiscal year ending June 30
1893. and for other purposes" and an ac
approved August a. 1894 (2S Stat, cS3), a.
follows.
Real property. taxable at the
rate OF $1.5o per $luo:
On land ....---.-..-....-. slSS IL Os9 y
On improvements. 175,S12, ,U4J.U
Personal property. taxable al the
rate Of 81. 80 per S1oO. 32, 122, ,OUs %
In addition to the assessments on rea
property and Oh tangible personal prop
erty taxes are levied on gross receipt
and gross earnings of public service cor
porations and financials institutions an,
Tor certain special privileges, as follows:
t;uiding associations. gross earn
tUvS of af. r,n lO.l
Electric lighting companies gross a. -. .
/ earnings Of at per cent l,tSb.S2.2
Of sf ) Der cent nt....... . DDS 2s2 /
! National banks and all other incor-
| porated banks and trust compa-
MES. gross earnings Of, at q per
ceip,s Of at per cent -. 4.ass. $685.
earnings on conduit. at 1 per cent. I4.os4o
inxs Of. at ! per cent -. i.5l5. 500
/ Incorporated savings banks. at
! GeorgetoMp Barge and Dock Com
pany at 5 per cent. 5,6556
list of the license taxes levied upo
other kinds of business and occupati on
] is contained in the accompanying re
port of the assessor
Real Property.
The triennial assessment for the yea
beginning July i. 1914, Is now NOR
than three e-fourths completed and Wi
be finished by the first of next Jan
uary. 1t will be subject to review dur
ing that month and the following Feb
ruary, March, April and May. .Th
! work has been done under require
ments Of law which require the as
SCISSORS to view every piece or parct
of property in the District of Colum
ia ha n
occasion. as heretofore, that the avail
able Office force is insufficient to effel
satisfactory results. The board of as
SCISSORS viii. nevertheless be able /
equalize a great many cases. as the
reducing assessments where circum
stances seem TO justify such changes
The need of a yearly assessment
still pressing; but il will be impossibl
in the future, as 1t has been In th