FUNDS OF THE TREASURER OF THE UNITED STATES. Following is a statement of account of funds of the Treasurer of the United States in the hands of the treasurer of the Philippine Islands to June 30, 1903: Following is a statement of account of insular disbursing officers' funds in the hands of the treasurer to June 30, 1903: Following is a statement of account of insular money-order funds in the hands of the treasurer to June 30, 1903: Following is a statement of account of the assurance fund created by the provisions of act No. 496 of the Philippine Commission in the hands of the treasurer of the Philippine Islands June 30, 1903: Under section 99 of the act named, upon original registration under this act, and also upon the entry of a certificate showing title to real estate as registered owners in heirs or devisees, one-tenth of 1 per cent of the assessed value of the land shall be paid to the register of deeds. as an assurance fund. Such money is required to be paid to the insular treasurer, who shall keep the same invested. Sections 101, 102, 103, and 104 provide for the payment from this fund of all losses or damages through errors on the part of the registers of deeds, and otherwise direct the management of this assurance fund, which but recently had its beginning. CONSTABULARY RELIEF FUND. Following is a statement of the account of the Philippines constabulary relief fund created by the provisions of act No. 619, as deposited with the treasurer of the Philippine Islands as depositary of trust funds, to June 30, 1903: Under the general provisions of Act No. 619 fines, penalties, and forfeitures are imposed against members of the constabulary for breaches of discipline, and in addition certain deductions are made from the monthly pay of officers and enlisted men. All funds arising from the first-named source constitute a special fund, to be expended by a board appointed by the chief of the constabulary for the moral and material welfare of the enlisted men of the service. The funds arising from the second source constitute a special fund for the benefit of the widows and orphans of members of the constabulary who may lose their lives in the line of duty, and for the benefit of members of the constabulary who may be physically disabled by reason of wounds or other causes in line of duty. This statute is of recent enactment and the relief fund is in its incipiency. FRANCHISE DEPOSITS. Following is a statement of franchise deposits in the hands of the treasurer June 30, 1903: Deposits to date... Withdrawals to date.. Balance June 30, 1903...... United States currency. $209, 400 209, 400 These deposits are required under paragraph 22 of part 1 of Act No. 484, section 30 of Act No. 554, section 30 of Act No. 703, and the general provisions of paragraph 9 of section 2 of Act No. 667, as an earnest of good faith and as security for the completion of work to be done by the applicants for or grantees of certain franchises within the time specified. RIZAL MONUMENT FUND. Under the provisions of Act No. 243 of the Commission, the insular treasurer is the custodian of the funds collected for the purpose of erecting on the Luneta in Manila a monument to José Rizal, the Filipino patriot, scientist, and author. The receipts and expenditures of the insular treasurer on this account to the close of the fiscal year were as follows: Under the provisions of Act No. 290 of the Commission, the insular treasurer is made administrator of the estates of employees of the insular government, citizens of the United States, who may die in the service, when such estates do not exceed in value the sum of $500. The treasurer is authorized to take possession of the effects of deceased employees, receive all salary due or accrued on account of earned leave, and to pay all expenses of interment here or shipment of the remains to the United States, as may be desired. He settles all of a decedent's just debts in the islands and pays over any balance remaining to the next of kin. Following is a statement of the treasurer's general account as such administrator: WARRANTS ISSUED BY THE INSULAR GOVERNMENT. Following is a statement by currencies of warrants, accountable and settlement, outstanding at the beginning of the fiscal year, the amount issued, the amount paid, the amount canceled, and the amount outstanding June 30, 1903: SPANISH SEIZED FUNDS AND SPECIAL DEPOSITS. The committee appointed under Executive Order No. 100, September 6, 1902, submitted its report to the civil governor October 24 following. Action was taken by the Commission in the passage of Act No. 608, which directed the disposition of the several items involved, and below is presented a statement of the account, showing the amount deposited in the insular treasury February 12, 1903, pursuant to the provisions of the act cited: Date. Source of fund. Mexican currency. 1898. Aug. 24 Seized at the Spanish general treasury, Manila, and receipted for to José Luis One accepted check on Spanish-Filipino Bank. Do. $129, 632.21 194, 180.00 160, 205.50 162 sacks of copper coins, said to contain $50 each. 10,000.00 A part of 1,928 boxes copper coins, said to contain $150 each 8,100.00 25 Seized at the Spanish mint, Manila, and receipted for to José Pereyra y 31,600.00 Seized at the ayuntamiento of Manila and receipted for to Pompilio Jorge, 50.00 Funds derived from water collections 2,815.26 189.66 Sept. 9 13 Seized at the Spanish-Filipino Bank and receipted for to the manager money Seized at the civil governor's office and receipted for to José Bueron, civil gov- 619.90 956.02 27 Oct. 15 1899. Jan. 5 July 3 Seized at the office of the Philippine Lancers, Manila, alleged to belong to the Error found in recounting bank notes at time of transfer from Maj. C. H. Interest allowed on seized funds on deposit with bank, from Nov. 1 to Dec. 31, Nov. 22 Interest allowed same as previous item from Jan. 1 to 31, 1899. 1,522.02 950.00 190.00 42.74 22.17 20.70 For amount of funds deposited by Maj. R. B. C. Bement, U.S. Volunteers, col- The items remaining of the Spanish seized funds account on June 30, 1903, and considered as property, were as follows: Spanish-Filipino 4-peso gold pieces.. 1 bar and small pieces of gold 0.870 fine, weighing 6,310 grains, and 1 bar and small pieces of gold 0.999 fine, weighing 313 grains, all of the estimated value of .. $4,200.00 3,806.08 Remainder of 1,928 boxes copper coins containing a total of Mexican currency to the value of... 257,400.00 Less the amount of credit allowed on account of error found in actual count of 162 sacks and 1,928 boxes of copper coins, $200 Mexican currency. The remainder of the Spanish copper coin was sold for the sum of P263,165.76, Philippine currency value, on July 28, 1903, this sum being deposited to the credit of the general funds in the Treasury on the date of sale. SPECIAL DEPOSITS. All returns at the Treasury and special deposits heretofore listed as such in previous reports, which had a definite value, and all, such as bonds, etc., which had a value ascertainable by sale, were disposed of during the fiscal year pursuant to Executive Order No. 100 and Act No. 608. The sum taken into the general revenue on this account aggregated $14,269.78 United States currency and $46,925.73 Mexican currency. All remaining items were transferred to the property returns of the treasurer until otherwise disposed of, in accordance with the provisions of Act No. 608. INSULAR REVENUES. The following statements, tabulated by departments, bureaus, and offices, show the revenues under appropriate classifications derived from insular sources during the fiscal year 1903. The accounts are stated by separate currencies as the same were actually received by the various revenue officers. The official ratio between Mexican or local currency and United States currency fluctuated during the fiscal year from 2.27 to 1 on July 1 to the lowest mark in the depreciation of silver of 2.66 to 1 on January 25, 1903, from which date silver gradually appreciated to 2.45 to 1 on May 14, 1903, which rate continued to the close of the fiscal year. It appears that the ratio of 2.45 to 1 is approximately an average ratio for the transactions throughout the fiscal year, and for statistical purposes such ratio may be employed in reducing the Mexican currency to equivalent United States currency, the result thus obtained being combined with any amount stated in the latter currency. Duties on merchandise imported for immediate consumption... $4, 376, 115.98 139, 026.59 4,710.87 41,583.38 15,097.61 243.78 820.98 6, 173. 17 612.00 13, 273. 14 224,909.93 5,424,085, 23 $4,605, 743.00 207, 925. 12 471, 036.92 119,350.75 853.97 5,749. 46 1,061.37 47, 554.41 12, 052.11 11,856.56 113, 132. 32 32, 883. 65 1,684.57 32.27 12,465.73 2,523.56 32, 111.69 417, 824.87 11, 769. 45 3,675. 14 139.52 6, 141, 426. 44 |