Marion Progress

STATE BUILDS CASH
AND REDUCES DEBTS

Report For Year Shows More
Money in Strong Box And
Obligations Less.

Raleigh, Sept. 29.--State officials
released figures today showing that
North Carolina had increased its
cash balance and decreased its indebtedness during the last year.

The combined monthly statement
of the auditor and treasurer listed
a cash-on-hand balance of $22,701,
816.66 as of August 31, compared
to $19,615,061.01 on August 31,
1935.

The state debt was $163,894,000
at the end of August, compared to
$170,664,000 on the same date one
year ago.

Receipts coming into the general
fund during
August were $4,580,
517.66,
as against disbursements
from the fund of only $1,530,602.
24. With the balance of $5,509,503.
17 brought over from July, the gen-
eral fund totalled $8,559,418.59 on
August 31. On the same date one
year ago, there was but $5,209,573
85 in the general fund.

Highway fund receipts during Au-
gust totalled
$3,028,587.96,
as against disbursements of $3,133,746
24, leaving a balance of $10,703,
806.28.

This figure was considerably low-
er than the balance of $13,131,895.
64 in the highway fund at the same
date last year.

Receipts from all other funds to-
talled $667,231.70 during August,
against disbursements of $816,745.
The state's debt was listed as fol-
lows:
General fund bonds, $56,763,000;
world war veterans loan bonds, $2,
500,000; highway bonds, $91,271,
000; Chowan
River bridge fund
bonds, $350,000; Cape Fear River
bridge fund bonds, $1,175,000; spe-
cial school building bonds, $11,835,
000.