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Annual Report of the Council of the Corporation of Foreign Bondholders Volume 11

Annual Report of the Council of the Corporation of Foreign Bondholders Volume 11


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1884 Excerpt: ...according to an official communication from the Minister of the Republic in London; but the ratification by the Congress of Guatemala, fixed for before the 1st March, 1883, did not take "place, and this, although it does not imply the lapse of the contract, supposing the parties to it in accord, renders its execution difficult, since the figures which served as a basis for the proposed arrangement have altered considerably with the lapse of time. The Commission have explained their views at considerable length, but they could not avoid doing so if they were to consider, as they have done, all and each of the Articles of the Convention given them for examination, and give the Assembly a report which should enable them to decide so important a matter in the most advantageous manner. From their study of it, it appears that the Republic obtains no advantage in any of the Articles of the Convention; for although there are two which apparently give an advantage, as that of the quittance of interest, which, in fact, is non-existent, because the Government pays more; and that of receiving in Bonds an amount of 150,000, which gives no other result than that of nominally increasing the Debt, because to use them would cause great loss; all the others are contrary to the interests of the nation, seeing that they compel it--To issue forthwith Bonds for a larger amount than that of the Debt; To assign a Sinking Fund larger than that which ought to be paid tinder existing conditions, if all arrear interest should be capitalised, a Sinking Fund which is not fixed, but which will increase year by year, as a result of the natural advancement of the country, and consequent increased return of the Customs; To alter for the worse the established system of payment by ...


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Product Details
  • ISBN-13: 9781130083750
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1130083756
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 73 gr


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