Report of the Council of the Corporation of Foreign Bondholders, volume 31
Report of the Council of the Corporation of Foreign Bondholders, volume 31
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Barclay.
Consul of Great Britain for Liberia ... Errol MacDoncll,Esq.
Acting Charge" d' Affaires of Liberia in Great Britain Henry Hayman, Esq.
Digitized by VjOOQ IC 251 [Liberia.
History of the Debt (Foreign).
1S71. — A Loan of ,£100,000 bearing 7 per cent, interest was issued by Messrs. Holderness, Nott & Co., at 85 per cent, for the purposes of liquidating Treasury Bonds and carrying out Public Works. The interest of the Bonds was secured on one-fifth of the entire Customs dues of the Republ...ic, which, for 1870, produced more than £19,000 sterling, and, for repayment of the principal, an excise tax of $1.00 per annum was to be levied and collected from all male citizens.
This tax was estimated to produce £30,000 per annum.
The United States Minister at Monrovia was appointed to receive the proceeds of the above Revenues for the service of the Loan.
1874. — Default was made on 1st August.
1898-9. — An Arrangement was made for the settlement of the Debt on the following terms : — The interest to be reduced to 3 per cent, for three years, rising £ per cent, every three years to a maximum of 5 per cent.
What to read after Report of the Council of the Corporation of Foreign Bondholders, volume 31?
You can find similar books in the "Read Also" column, or choose other free books by Corporation of Foreign Bondholders (Great Britain) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Barclay.
Consul of Great Britain for Liberia ... Errol MacDoncll,Esq.
Acting Charge" d' Affaires of Liberia in Great Britain Henry Hayman, Esq.
Digitized by VjOOQ IC 251 [Liberia.
History of the Debt (Foreign).
1S71. — A Loan of ,£100,000 bearing 7 per cent, interest was issued by Messrs. Holderness, Nott & Co., at 85 per cent, for the purposes of liquidating Treasury Bonds and carrying out Public Works. The interest of the Bonds was secured on one-fifth of the entire Customs dues of the Republ...ic, which, for 1870, produced more than £19,000 sterling, and, for repayment of the principal, an excise tax of $1.00 per annum was to be levied and collected from all male citizens.
This tax was estimated to produce £30,000 per annum.
The United States Minister at Monrovia was appointed to receive the proceeds of the above Revenues for the service of the Loan.
1874. — Default was made on 1st August.
1898-9. — An Arrangement was made for the settlement of the Debt on the following terms : — The interest to be reduced to 3 per cent, for three years, rising £ per cent, every three years to a maximum of 5 per cent.
What to read after Report of the Council of the Corporation of Foreign Bondholders, volume 31?
You can find similar books in the "Read Also" column, or choose other free books by Corporation of Foreign Bondholders (Great Britain) to read onlineMoreLess
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