Caribbean Sugar Company

Bond | August 2, 1926 | One piece at 1000 US-$
TypeBond
Represented Quantity1
Nominal1000 US-$
Coupon Rate7%
Place of IssueCuba
Date of IssueAugust 2, 1926
Printing FirmFranklin Lee Division - American Bank Note Co
LanguageEnglish
Year of Acquisition2012
ConditionF

Description

The Caribbean Sugar Company incorporated in 1920 primarily by Boston capitalists as a Cuban corporate owned and operated the central  Macareño (built in 1921) in the Camagüey province, Cuba along with cane land. The company was reorganized in the late 20s early thirties and struggled through the thirties. From 1942 it was able to pay interest on its debt and begin to make repayment contributions - which came to an end with the Cuban revolution. In the mid to late 1950s it sold some of its assets to the Compañia Azucarera Baragua. The milll was dismantled after the Cuban revolution.

sample coupons

Typical design for the period. Vignette of a harvesting scene with a mill in the background. Stamped “Specimen”, 00000-numbered.

Caribbean Sugar Company | Museum Fraikin