West India Sugar Finance Corporation
Bond | June 14, 1919 | One piece at 10000 US-$| Type | Bond |
|---|---|
| Represented Quantity | 1 |
| Nominal | 10000 US-$ |
| Coupon Rate | 7% |
| Place of Issue | Connecticut, United States of America |
| Date of Issue | June 14, 1919 |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2014 |
| Condition | EF |
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.
Bond certificate with the look and feel of a share - at least on the front; the rear is typical for a bond. In contrast to all other US-bonds in my collection this comes in registered form and there were no coupons attached. The vignette is a frequently used harvesting scene. The nominal value of 10,000 US-$ is unusually high.
Actual owners of this bond received a most unusual subscription warrant with it (here).