New-York tribune

From the original pageDe la página original

This page carries the passage as it was found on the newspaper page, copied with its reading errors and all. The article's fuller presentation is still to come; the original page is linked above.Esta página lleva el pasaje tal como se encontró en la página del periódico, copiado con sus errores de lectura y todo. La presentación completa del artículo aún está por venir; la página original está enlazada arriba.

Provision is made for a sinking fund amounting to $152,250 the first

year, increasing to $1,149,785 the ?wenty-ninth year and leaving not

more than $803,510 of bonds to be redeemed the thirtieth year, to be

used to purchase bonds in the open market at not exceeding 100 and

interest. If bonds are not obtainable at or below 10?J they .hall be

redeemed by lot annually at JOO. A market fund is also provided for

equal to 25% of the gross general revenues of the Republic for any fiscal

year in excess of $7,000,000, but in any case not more than $250,000

annually, to be used to purchase bonds at not exceeding 100 and interest.

If bond9 are not obtainable at or below 100, any unexpended balance

remaining in the market fund seven months after the end of any fiscal

year shall revert to the Haitian Government.

The proceeds of these bonds (part of r_ total authorized Iota limited its

$40,000,000) will be used for refunding two Haitian loans now outstanding in

France to the amount of about Fes. 85,838,500, and to provide funds to pay internal

floating debt, and for other governmental purposes, including public works.

Haiti proposes presently to issue about $5,000,000 Series B bonds of this loan,

payable only in Haiti, which will be used for refunding present internal funded

debt.

These Bonds, issued pursuant to agreement with the President of

the United States, will be the direct obligations of the Republic

of Haiti, and upon the retirement of certain existing loans pres?

ently to be redeemed, will be secured by a specific first charge

How to cite this articleCómo citar este artículo

New-York tribune. (1922). New York [N.Y.], 1922-10-09. Haiti in the American Press. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn83030214/1922-10-09/ed-1/?sp=16

ReferencesReferencias

Library of Congress, Chronicling America: New-York tribune, 1922-10-09.