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small balance of money assigned to the share of this State has been paid into the Treasury. It will be perceived that the notes, bonds, and other securities, at the time of the assignment were, as they still are, principally in the possession of the agents by whom they were originally taken. I also lay before you a copy of another instrument, executed by said Commissioners, by which a further division is made of the public lands. This State now owns in severalty a number of valuable townships lying on the Penobscot and Schoonic waters, and a number more lying north of Bingham's Kennebec Purchase and between said purchase and the line of New Hampshire. It also owns several Islands on the coast, and a large number of reserved lots and tracts in many of the settled towns and plantations in different parts of the State. Some of these last mentioned tracts, it is apprehended, are rather deteriorating than advancing in value, in consequences of depredations upon the timber. It will, no doubt, be deemed expedient to put our lands into the market, in such quantities as will meet the demand, for purposes of actual settlement. As this demand is already considerable, and will probably be annually increasing, it may be for the public interest to adopt such a system for the management of these lands generally as will more effectually ensure a correct knowledge and estimate of their value and facilitate their sale and settlement.

There will probably be no further division of the lands belonging in common to Massachusetts and this State until the settlement by the Governments of the United States and Great Britain, of the line which forms our north eastern boundary. Although this