1917 1 - 520 Lumbermen’s
Trust Company $ 500,000 $ 471,300 Sept. 12, 1917 Sept. 1, 1917 521 - 1040 E. H. Rollins & Sons 500,000 472,130 Mar. 15, 1918 April 1, 1918 1041 - 1560 Henry Teal 500,000 455,850 July 9, 1918 July 1, 1918 1561 - 2280 E. H. Rollins & Sons
and A. B. Leach 690,000 643,770   Totals $ 2,190,000 $ 2,043,050

Under the provisions of Chapter 175 of the Laws of 1917, (Bean-Barrett) bonds to meet Federal co-operation are authorized. Four hundred thousand dollars par value of these bonds were sold August 18, 1918 by the Board of Control to the highest bidder, Clark-Kendall & Co., whose proposal was $381,160.00. These bonds are four per cent and mature in from four to eight years.

The work accomplished during the biennium may be summed up as follows:

50 miles of hard surface.
111.8 miles of broken stone or gravel surface.
134.5 miles of graded roadbed.
40 bridges.

With the close of the war and the prospect of declining prices of material and a more plentiful supply of labor, the Commission looks forward to 1919 as a year in which a great deal can be accomplished and at this date a tentative program has been prepared providing for improvement of the State Highways in every county of the State.

The report of the State Highway Engineer to the Commission is hereto appended, showing in detail the work accomplished and the expenditures during the biennium.

FINANCIAL STATEMENT OREGON STATE HIGHWAY COMMISSION

STATEMENT FOR THE BIENNIUM ENDING NOVEMBER 30, 1918

ONE-QUARTER MILL TAX FUND—
	Balance on hand December 1, 1916	$ 94,418.14
	Turnover January 1, 1917	219,690.98
	Turnover January 1, 1918	232,151.39
Total receipts		$ 546,260.51
Expenditures from 1⁄4 mill tax fund to Nov. 30, 1918			528,789.99
Balance on hand December 1, 1918				$ 17,470.52
AUTOMOBILE LICENSE FUND—
	Turnover October 1, 1917	$ 150,000.00
	Turnover April 1, 1918	300,000.00
	Turnover October 1, 1918	125,000.00
Total receipts			$ 575,000.00
Total expenditures to Nov. 30, 1918			281,902.67
Balance, December 1, 1918				$ 293,097.33
SIX MILLION DOLLAR BOND FUND—
	August 7, 1917, $500,000.00 bonds	$ 471,300.08
	Accrued interest	2,333.33
	Sept. 12, 1917, $500,000.00 bonds	472,130.00
	Accrued interest	1,833.33
	March 15, 1918, $500,000.00 bonds	455,850.00
	Accrued interest	222.22
	July 9, 1918, $690,000.00 bonds	643,770.00
	Accrued interest	2,606.54
Total receipts from bond sales			$ 2,050,045.42
Expenditures to November 30, 1918			2,049,025.47
Balance on hand December 1, 1918				$ 1,019.95
STATE AND FEDERAL CO-OPERATIVE BONDS—
	August 18, 1917, sold $400,000.00	$388,040.00
	Accrued interest	2,844.44
$ 390,884.44
	Expenditure of Board of Control this issue	400.00
	Turnover by Board of Control to State Highway Commission		$ 390,484.44
	Expenditures to Nov. 30, 1918		28,539.55
Balance on hand December 1, 1918				$361,944.89

 

SUMMARY

1⁄4-Mill

Auto