Journal of the Common Council, of the City of Philadelphia, for 1913 2

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At January 1, 1913, there were unexpended balances of loan funds, in excess of immediate demands, in the treasury amounting to $12,676,766.10. These funds are all appropriated to specific objects and can be spent only for the objects for which they have been appropriated.
In addition there were loans authorized but unissued at January 1, 1913, of $8,725,000 of which $4,175,000 has since been negotiated. The objects to which the proceeds from the future negotiation of these loans may be de- vote
...d have also been quite specifically set forth in the ordinances authorizing the loans. 'No loans have been au- thorized from January 1, 1913, to September 30, 1913.
The borrowing capacity for general purposes, September 30, 1913, was $11,500,303.95 (from which $2,200,000 loan authorized October 3, 1913, must be deducted), and to which should be added the additional borrowing ca- pacity estimated to accrue during the remaining three months of the year, $1,800,000, making $13,300,303.95 of loan funds available and to become available during 1913 for new loans for general purposes in addition to the unexpended balances of loan funds, in excess of im- mediate demands, in the treasury at the beginning of the OF THE COilMOX COUNCIL.


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