Kimber's Record of Government Debts

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. 1922 edition. Excerpt: ...Canadian Issue Issued and outstanding $2,000,000 in U. S. gold, and $1,000,000 in Canadian gold. Dated September 1, 1921. Due September 1, 1922. Interest March 1 and September 1. Principal and interest of American series payable at New York in U. S. gold and of the Canadian series at Victoria, Vancouver, Calgary, Regina, Edmonton, Winnipeg, Toronto and Montreal. Denominations, coupon $500 and $1,000. This loan is a direct liability and obligation of the Chinese Government and is specifically secured upon the surplus of the salt revenues for the six months ending August 31, 1922, which it is estimated will amount to the equivalent of $17,000,000 in TJ. S. gold. These notes are stated to be a first charge against this surplus. Offered in August and September, 1921, by the Royal Financial Corporation, Ltd., Vancouver, B. C. and Seattle, Wash. Section II Chinese Gov't Internal Loans (All figures in Chinese currency) CHINESE GOV'T 6% FIRST-YEAR NATIONAL LOAN OF 1912 Issued $54,392,000. Outstanding $51,672,600. June 1 and December 1. Repayable within 10 years from 1921 by drawings. Denominations, $10, $50, $100 and $1,000. Secured by Government revenues. This loan was issued for the indemnification of losses sustained during the Revolution and for the payment of provincial governors in satisfaction of their claims upon the central government. The bonds were handed to these various claimants and reckoned at anywhere from 25% to 69% of their face value; the Government, however, has paid interest with more or less regularity at 6% on the face amount. Under the 1921 plan of debt consolidation (see Consolidated Loan of 1921) these bonds were to exchanged for 40% of their face value in new 6% bonds. Chinese Qott B% Military Lo&i or ma Issued $7,371,150....