| Type | Bond |
|---|---|
| Represented Quantity | 1 |
| Nominal | 500 US-$ |
| Coupon Rate | 8% |
| Place of Issue | New York, Cuba |
| Date of Issue | July 1, 1923 |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 1992 |
| Condition | EF |
Description
The Compañía Azucarera Salamanca was the result of the reorganization of the Central Sugar Corporation, which controlled the Fe mill in Santa Clara province, Cuba. According to the 1938 Manual of Sugar Companies the properties were sold in 1931 under foreclosure proceedings with bondholders receiving a paltry payment of 3.716%. It seems the Compañia Azucarera Salamanca never paid a dividend in its history.
Specimen. Typical design for the period for this First Mortgage Bond. Vignette of a harvesting scene with the mill in the background - with unusually children part of the scene - but not the work. Stamped “Specimen”, punchholes, 00000-numbered.