The New York herald

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the company's bonds declared legal as

investments for savings banks In Massachusetts.

Cnder the present law the

bonds do not come within the classification

which requires dividend payments

of at bast 5 per cent, a year for five

consecutive years.

South American Projects.

In addition to Dutch financing of

$25,000,009 to $50,000,000 and the Haiti

loan of about $16.0O0.O00, which, it Is

expected, will be negotiated in New York

several other foreign issues are pending,

according to the lutrrnationril Securities

irs, issued by the American Express

Company's securities department. One

loan is for the Government of Niea

ragua. wmcn is negouating nrre lor i

$3,non,000 or $4,000,000 In bonds for

railway construction. The Republic of

Cuatemala lias passed a law providing

for the establishment of a national hank

of issue, tor which foreign capital of

$.">.000.000 will bo required and Is negotiating

for an American loan of that

amount. The financial program of the

Peruvian Uoveronient contemplates an

externa! loan to he secured by Its customs

revenues. The total authorisation

Is $"0,000,000, all of which, however,

would not he taken at once. It is stated

that the proceeds of the loan would be

used for railroad and highway construction.

and it is reported that a British

syndicate has made a proposal to take

thnt work over and complete It, financing

its cost <some $.10,00,000) through bonds

to he guaranteed by the Tovernment

Dispatches from T,n. Paz state that the

Bolivian Senate has approved a revised

lew authorizing the President to negotl-j

How to cite this articleCómo citar este artículo

The New York herald. (1922). New York, N.Y., 1922-02-16. Haiti in the American Press. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83045774/1922-02-16/ed-1/?sp=18

ReferencesReferencias

Library of Congress, Chronicling America: The New York herald, 1922-02-16.