| Type | Bond |
|---|---|
| Security Number | 846 |
| Represented Quantity | 1 |
| Nominal | 500 US-$ |
| Coupon Rate | 7.5% |
| Place of Issue | Maryland, United States of America |
| Date of Issue | November 1, 1924 |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2020 |
| Condition | EF |
Description
The Cuban Dominican Sugar Company was a major undertaking with a numer of mills in Cuba (3 directly and
another 4 through the Sugar Esates of Oriente) and the largest operator in the Dominican Republic. This Maryland corporation set up in 1922 was itself the result of a string of reorganizations and succeeded the Cuban Dominican Sugar Co. It belonged to the sphere of influence of the National Sugar Refining Company. The company struggled in the crisis of 1929-31 and its assets were once more reorganized and acquired by the newly formed West Indies Sugar Corporation in 1933.
First lien twenty-year sinking fund gold bond. Typical design with unsual vignette showing four separate scenes with a harvesting scene including an ox cart, a crane loading cane, the Barahona mill and steam train bearing “Central Isabel” moving through cane land.
The “Central Isabel” (ie mill) was incidentally probably not part of the Cuban Dominican Sugar Corporation but seems to have belonged to a sister company: the Guantanamo Sugar Company.
Sources: American Sugar Kingdom. The Plantation Economy of the Spanish Carribean 1898 - 1934, January 4, 1933 - NYTimes.com visited on 24.2.2022