To His Excellency HENRY H. CRAPO, Governor of the State of Michigan: } SIR-Herewith I submit the Annual Report of this department for the fiscal year ending November 30th, 1867, as required by law. The bal. of cash in the treasury Nov. 30, 1866, was $579,007 32 The amount received during the fiscal year, was.. 1,697,390 32 $2,276,397 64 The amount disbursed during the fiscal year, was 1,694,283 68 Showing balance in the treasury Nov. 30, '67,... $582,113 96 This amount will be diminished at least $400,000 by the first day of January, 1868, in providing for the payment of bonds maturing, interest on the State debt, appropriations, current expenses, etc. The funds in the treasury, except so much as was required to transact the daily business at the counter, have been deposited in National banks of this State, upon satisfactory security, approved as provided by law, drawing interest upon daily balances at the rate of four per cent. per annum. There has been received during the fiscal year for interest upon the funds so deposited, the sum of $22,760 75. By the provisions of Act No. 122, laws of 1867, a specific tax of one per cent. per annum was imposed upon the capital stock of the National banks in this State, (less the amount invested |