West India Sugar Finance Corporation

Bond | June 14, 1919 | One piece at 1000 US-$
TypeBond
Represented Quantity1
Nominal1000 US-$
Coupon Rate7%
Place of IssueConnecticut, United States of America
Date of IssueJune 14, 1919
Printing FirmAmerican Bank Note Company
LanguageEnglish
Year of Acquisition2024
ConditionEF

Description

The West India Sugar Finance Corporation was set up in 1913 to finance, develop and supervise Cuban sugar companies. Amongst others it financed the Palma Sugar Company and took control of it when it was unable to bear its debt burden in 1918. In 1924 it was dissolved and its preferred stock was exchanged for preferred stock of the Cuban Domincan Sugar Company which effectively succeeded it. It belonged to the sphere of influence of the National Sugar Refining Company.

Typical bond certificate of the period. The vignette is a frequently used harvesting scene. The colour blue was usually not chosen for 1000-$ bonds.

West India Sugar Finance Corporation | Museum Fraikin