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 ¼ 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