Evening star

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Haiti has just secured a loan here i

of $16,000,000. bonds for which will 1

be the first Haitian issue ever cold j

in the United States, Haiti having

always borrowed from France. The

money is to be used in freeing the i

country from all pressing obligations

and thereby pave the way for the

introduction of much needed tax reforms.

It is interesting to note in

this connection that Haiti, in obtaining

the loan here, is able to make

I use of the abnormal rate of exchange,

i The lowered value of the franc, which

ha& fallen to more than half its for-

mer value, will enable Haiti to pay

its debt of 67.000,000 francs in dol!

lars at less than half the amount

previously required. The surplus

will be used in the settlement of in!

ternal debts and for public works.

j Cuba, which obtained a loan of

$5,000,000 last winter, used to settle

j her more pressing liens, is about to

j obtain a loan of $60,000,000 in this

country. Though the loan was the

cause of some controversy in Cuba.

the lower house of the Cuban conj

gress has approved it and similar

j action on the part of the senate to;

morrow is expected.

l.oans to Southern Republics.

Salvador obtained a loan here re;

cently of $16,000,000, which is being

j used to fund her external indebted1

ness and in public works. Bolivia

i recently closed a transaction by

which she obtains $24,000,000 and is

planning extensive operations in the

J interior for developing her petroleum

and other mineral deposits and for

the construction of several hundred j

How to cite this articleCómo citar este artículo

Evening star. (1922). Washington, D.C., 1922-10-01. Haiti in the American Press. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83045462/1922-10-01/ed-1/?sp=39

ReferencesReferencias

Library of Congress, Chronicling America: Evening star, 1922-10-01.