The receipts of the territorial treasury for the year ending on the 30th of June 1907 were $687,386, and the disbursements for the same period were $601,568.
At the close of the fiscal year 1908 the school fund of the state was $4,850,602.41; the income for the year was $224,233.56 and the disbursements were $373, 0 95.7 6.
The state receipts from all sources increased from $4,070,316 for the year ending September 30, 1899, to $8,299,982 for the, year ending June 30, 1908; the disbursements in the latter year were $7,762,771 or $537,211 less than the receipts.
For the year ending on the 30th of September 1908 the receipts were $3,382,131.66 and the disbursements $3,482,317.03.
Of recent years the growing stringency of both national and local finances by enormously increased disbursements has made important the question of the relation of national with state and local taxation.