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The permanent university fund now holds the following securities:

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DISBURSEMENTS.

$110,000 Tennessee settlement bonds bought.... Leaving balance in treasury July 31, 1887....

$89,400 00

115,263 66

$204,663 66

The internal improvement land fund now holds the following secur

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RECAPITULATION OF RECEIPTS, EXPENDITURES, TRANSFERS AND BALANCES,

During fiscal year ending July 31, 1887.

Internal Improvement Land Fund Interest.

Swamp Land Fund

School Text-book Fund.

Deposited as follows:

In First National Bank of St. Paul

In Merchants National Bank of St. Paul..
In Bank of Minnesota of St. Paul

In Nat. German American Bank of St. Paul

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This statement shows the amount of School District and County Bonds held by the Permanent School Fund to be $66,783.00, while the expenditure account shows only $62,566 00 paid out. The warrants for the difference $4,217.00 had not been presented for payment on date of this report.

County Bonds.

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