| Type | Bond |
|---|---|
| Represented Quantity | 1 |
| Nominal | 1000 US-$ |
| Coupon Rate | 7% |
| Place of Issue | Maryland, United States of America |
| Date of Issue | September 1, 1922 |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2014 |
| Condition | EF |
Description
The Sugar Estates of Oriente was a subsidiary of the Cuban Domician Sugar Corporation and set up in Maryland in 1922. Initially it controlled the Central Cupey Sugar Company, the Central Alto Cedro and the Palma Soriano Sugar Company - with the latter having been taken over after the failure of its initial holding company the Palma Sugar Company. Its parent company struggled in the crisis of 1929-31 and its assets - including the Sugar Estates of Oriente - were once more reorganized and acquired by the newly formed West Indies Sugar Corporation in 1933.
First mortgage twenty-year sinking fund gold bond. Typical design with a harvesting scene including an ox cart, on a light railway and a mill in the background. The bondholders eventually received shares in the newly formed West Indies Sugar Corporation.
Sources: American Sugar Kingdom. The Plantation Economy of the Spanish Carribean 1898 - 1934, January 4, 1933 - NYTimes.com visited on 24.2.2022