| Type | Bond |
|---|---|
| Represented Quantity | 1 |
| Nominal | 1000 US-$ |
| Coupon Rate | 7% |
| Place of Issue | New York, United States of America |
| Date of Issue | 1922 |
| Printing Firm | Franklin Lee Division - American Bank Note Co |
| Language | English |
| Year of Acquisition | 2016 |
| Condition | EF |
Description
The New Niquero Sugar Company was incorporated in 1905 and replaced the Niquero Sugar Company. The company owned the Niquero mill set up in mill along with land and railroads and belonged to the sphere of influence of the Cuban-American Sugar Company. Like many other sugar companies active in Cuba it was unable to pay a dividend on its common shares from 1925 - 1938 (and likely thereafter). It however managed to avoid reorganization during the 20s and 30s. In 1948 it was acquired by a Cuban company.
Plain design for this first mortgage sinking fund gold bond. The vignette shows the company name. Stamped “Specimen” and punchholes. Unusually no coupons attached.