ninth street, has changed hands, and is now owned by Mr. Joseph Stein, of No. 228 East Fiftieth street.

The following resolution is therefore submitted.

Respectfully,

THEO. W. MYERS, Comptroller.

Resolved, That the resolution adopted by this Board on December 29, 1892, authorizing the leasing of No. 231 East Seventy-ninth street, for the Department of Public Works, be amended by substituting the name of Joseph Stein in lieu of Oscar T. Marshall, as the owner of said premises.

The report was accepted and the resolution unanimously adopted.

The following communication was received from the Commissioner of Public Works for a lease of certain lots for a Corporation yard:

DEPARTMENT OF PUBLIC WORKS-COMMISSIONER'S OFFICE,
No. 31 CHAMBERS STREET,

NEW YORK, December 30, 1892.

Hon. HUGH J. GRANT, Chairman, Commissioners of the Sinking Fund:

DEAR SIR-Authority is desired from the Commissioners of the Sinking Fund to lease four city lots, 100 by 100 feet, situated at the southeast corner of Eleventh avenue and Fifteenth street, said lots being necessary for use as a Corporation yard for the Bureau of Incumbrances.

The lessors are: John Armstrong Chanler, Winthrop Chanler, Elizabeth W. Chanler, William Astor Chanler, Lewis Stuyvesant Chanler, Margaret Livingston Chanler and the United States Trust Company, trustee for the minor children of Margaret A. Chanler, deceased.

The annual rental at which the property is offered is $2,077.50.

Very respectfully,

THOS. F. GILROY, Commissioner of Public Works.

In connection therewith the Comptroller presented the following:

FINANCE DEPARTMENT-COMPTROLLER'S OFFICE,

To the Commissioners of the Sinking Fund:

January 31, 1893.

GENTLEMEN-A communication from the Commissioner of Public Works to the Mayor, dated December 30, 1892, requesting the leasing to the City of four lots of land on the southeast corner of Fifteenth street and Eleventh avenue, for an incumbrance yard for the Department of Public Works, has been received.

The matter has been examined by the Engineer of the Finance Department, and the suggestion is made that, as the City owns the larger portion of the south side of Fifty-sixth street, between Eleventh avenue and Exterior street, the incumbrance yard

be located at this point. The Commissioner of Public Works has signified his assent to this selection. The lot selected is 175 feet front on Fifty-sixth street by 100 feet 5 inches deep and adjoins on the east the plot assigned by this Board on November 2, 1892, to the Street Cleaning Department for a similar purpose.

I offer for adoption the following resolution to assign the above-mentioned premises to the Department of Public Works as an incumbrance yard; such assignment to be at the pleasure of this Board.

Respectfully,

THEO. W. MYERS, Comptroller.

Resolved, That a portion of the property belonging to the Corporation of the City of New York, lying on the south side of West Fifty-sixth street, being one hundred and seventy-five feet front and one hundred feet five inches deep, containing about seven city lots, and adjoining on the east the plot assigned to the Street Cleaning Department, be and is hereby assigned to the Department of Public Works as an incumbrance yard, such assignment to be at the pleasure of this Board.

The report was accepted and the resolution unanimously adopted.

The Comptroller presented a report upon the securities held by the Commissioners of the Sinking Fund on December 31, 1892, with a resolution, as follows:

FINANCE DEPARTMENT-COMPTROLLER'S OFFICE,
January 31, 1893.

To the Commissioners of the Sinking Fund:

GENTLEMEN-Herewith I present a detailed statement of the securities held by the Commissioners of the Sinking Fund as investments of the Sinking Funds Nos. I and 2 for the Redemption of the City Debt, as of December 31, 1892, consisting of stocks and bonds of the City and County of New York, amounting to the sum of $53,337,606.81, as follows:

Sinking Fund for the Redemption of the City Debt, No. 1.
Sinking Fund for the Redemption of the City Debt, No. 2.

$48,787,606 81

4,550,000 00

Total:

$53.337,606 81

The cash in both Sinking Funds on December 31, 1892, was $3,194,799.77; the sum of $2,269,739.46 in Sinking Fund No. 1, and $925,060.31 in Sinking Fund No. 2, making the total amount of securities and cash in the Sinking Funds for the Redemption of the City Debt, $56,532,406.58.

Besides the cash and securities in the Sinking Funds as above stated, the cash in the Sinking Fund for the Payment of Interest on the City Debt on December 31, 1892, amounted to $502,914.15. Respectfully,

THEO. W. MYERS. Comptroller.

Statement of Bonds and Stocks of the City and County of New York held by the Commissioners of the Sinking Fund as Investments December 31, 1892.