The Morgan Honduras Loan volume 2

Cover The Morgan Honduras Loan volume 2
The Morgan Honduras Loan volume 2
Juan E Paredes
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On the 22nd December an official quotation on the Stock Exchange of the Certificates representing negotiable Bonds of the English Eailway Loans of 1867 and 1870 was obtained, and the Council are of opinions that holders who have not yet deposited their securities would be well advised, in their own interests, to do so without delay. It is true that the terms of settlement are disappointing, but the Council and Committee satisfied themselves that it was impossible to obtain more, and a small sum... in cash is undoubtedly equal to a very much larger amount in Honduraean promises. As the projected arrangement has the active support of the United States Government, it ought to stand every chance of a successful conclusion, and according to the most recent information 1 received, the negotiations which have for some time past been proceeding at Washington, between the Finance Minister of Hon- duras and the State Department, have made satisfactory progress. Moreover, as the United States Government has intervened to frustrate the consummation of the agreement of March, 1909 7 mentioned above, it is morally bound to secure the success of the scheme which, in accordance with its own wishes, has been put forward in its place.

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