In conformity with the provisions of law contained in chapter nine of the Revised Statutes, the undersigned, Secretary of State, has the honor to submit the Annual Report from this office showing "a complete statement of the funds of the State; of its revenues and of the public expenditures during the year eighteen hundred and fifty four, with a detailed estimate of expenditures to be defrayed from the Treasury for the ensuing year," and also touching other matters pertaining to his office, which are deemed worthy of legislative consideration.

The several funds of the State, separate and distinct accounts of which are kept by the Secretary of State, as Auditor, are eight, to wit:

They are formed and explained as follows:

THE GENERAL FUND

This fund embraces all of the revenues of the State, the avails of which are applicable to the payment of the ordinary expenses of the State government, and is derived from the following sources, to-wit:

Arrearages due to the late territory.

The annual taxes levied in each county for State purposes.

The semi-annual tax charged against banks, being three fourths of one per cent on the capital stock thereof.

The duties received from Hawkers and Pedlars for license, and from,

The Judiciary Fund.

The expenditures from this fund are authorised by permanent or temporary appropriations of the Legislature, and by the several acts requiring the Secretary of State to audit certain accounts.

The following are the transactions in this fund for the fiscal year ending this day:

NOTE. For convenience in adjusting the accounts of Members of the Legislature, the transactions of the first four months of the year are included in the first quarter.