In addition to the revenue received for State uses, a large amount of money passed through the hands of the financial officers of the State during the year, which was by law devoted to specific purposes, as follows:

SECRETARY OF STATE, DEPARTMENT OF MOTOR VEHICLE REGISTRATION AND

Certificates of the State issued to the Commissioners of the Agricultural College, pursuant to Chapter 417 of the Laws of 1895, amounting to $116,000.00, is the only debt of the State.

Under an act of Congress of the United States, approved July 2, 1862, entitled "An act donating public lands to the several States and Territories which may provide colleges for the benefit of agriculture and the mechanic arts," there was invested for the benefit of the State Agricultural College the sum of $116,000.00 in the war bonds of the State, being the proceeds from sales of land scrip. The war bonds have all matured and been paid. Owing to the inability of the Commissioners to invest the said sum of $116,000.00 conformably to the said act of Congress, which provides, "That all moneys derived from the sale of the lands aforesaid by the States to which the lands are apportioned, and from the sales of land scrip hereinbefore provided for, shall be invested in stocks of the United States, or of the States, or some other safe stocks, yielding not less than five per centum upon the par value of said stocks," the Legislature, at the session