residue, amounting to three millions four hundred thousand dollars, may be considered as the sum applicable, during that year, to the extinguishment of the principal of the debt. From all which it results, that so long as the United States shall not be afflicted by any unforeseen calamity, and whilst the public expenditures shall be kept within their present limits, there does not appear any necessity for increasing the public revenues. All which is most respectfully submitted, by ALBERT GALLATIN, Secretary of the Treasury. TREASURY DEPARTMENT, December 16th, 1802. A. STATEMENT of Lands sold in the Districts of Cincinnati, Steubenville, Chillicothe, and Marietta, showing the moneys paid thereon, and the amount due on the 1st November, 1802. STATEMENT A-Continued. Periods of Payment for the Instalments due per the above Statement. TREASURY DEPARTMENT, Register's Office, December 6, 1802. JOSEPH NOURSE, Register. [1802, B. OUTSTANDING AT END OF EACH QUARTER. A STATEMENT exhibiting the amount of Revenue accrued on account of Duties on Importations, for each Quarter, from the 1st day of October, 1800, to the 30th day of September, 1802. Bonds. Debentures. Nett revenue. tures. ces. 34 DUTIES ON 29,564 4,616 1,445,411 77,215 • 30th June, 1801 6,231,092 2,746,225 $4,291,216 $ 37,393 $3,314 $ 1,379,937 $ 5,246 $2,946,740 $ 2,090,769 $1,362,583 $11,952,834 $2,256,132 1,257,779 2,172,630 1,323,772| 2,377,771 $9,696,702 49,957 5,316 1,906,244 7,077 7,645 2,275,133 10,933 11,017,357 4,373,044 2,868,068 1,468,474 12,817,838 2,815,541 8,639,586 10,002,297 4,054,563 2,994,747 1,801,194 14,167,515 3,247,667 10,919,848 b 31st March, 1802 2,565,303 2,715,334 2,082,484 2,688,302| 14,067,868 3,440,316 31,698 3,116 10,627,552 b 30th June, 1802 5,153,384 41,616 4,490 1,259,976 87,077 1,422,944 b30th Sept. 1802 3,408,248 36,899 2,440 778,883 6,718 7,687 1,376,063 2,859,479 1,768,294 11,759,528 3,769,828 3,208,883| 1,591,248 12,081,392 2,661,067 3,515,242 1,443,858 10,670,822 2. This column shows the true amount of gross revenue accruing during each quarter, (after deducting, from the total amount of duties, the amount tions but the expenses of collection. of debentures, bounties, and allowances, granted for or in lieu of drawback on the re-exportation of foreign articles,) and subject to no other deduc 3. The accounts of several small ports, for these three quarters, are on estimate. C. At a meeting of the Commissioners of the Sinking Fund, on the 7th of June, 1802: Present-The Secretary of State, The Secretary of the Treasury, The Attorney General of the United States. The Secretary of the Treasury reported to the Board, that provision has already been made, to meet nearly all the demands which will become due in Holland, during the course of the present year; but, that it is necessary to make immediate provision for the payments on account of principal and interest, which fall due there, during the first five months of the year 1803, and amounting to four millions four hundred and thirty-nine thousand eight hundred and thirty guilders, and payable at the following periods, viz: 1st of January, 1st of June, 872,700 guilders. 601,000 (6 That from the great diminution of trade, between this country and Holland, he has ascertained during his late excursion to New York and Philadelphia, that it is impracticable to obtain bills on Holland, to that amount; that the rate of exchange is already forty-one cents per guilder, and that any attempt on the part of the government, to procure the large amount now wanted, would indubitably raise, considerably, the rate of exchange: That if it shall be attempted to remit, by the way of England, the loss will be also considerable; the present rate of exchange with that country being now above par, and raising, and would indubitably be enhanced, should government come into the market for large purchases; and the rate of exchange between England and Holland, being, by the last advices, ten guilders eight stivers per pound sterling, nor likely to become more favorable, which, supposing the whole amount in bills on England to be procurable, (which is not believed to be the fact,) at 168, would, including the commission of one per cent. in England, amount to forty-three and a half cents per guilder: That the Bank of the United States having been applied to, has refused to undertake to contract for making the necessary remittance; and that the two only considerable offers made to the Secretary, are now submitted to the Board, viz: The Manhattan Company offer to remit the whole, at the rate of fortythree cents per guilder. Alexander Baring offers to remit guilders 3,140,487 164, payable in Amsterdam, at the following dates, viz: and, at the rate of forty-one cents per guilder: provided, however, that the United States shall sell to him the two thousand two hundred and twenty shares of the Bank of the United States, owned by the United States, at forty-five per cent. advance, or at the rate of five hundred and eighty dollars per share; which last proposition is recommended by the Secretary of the Treasury as the most eligible; as, exclusively of the advantageous rate of ex |