13 Cuban Investments 



CUBAN FIRST MORTGAGE REAL 

 ESTATE BONDS 



A reading of the foregoing must impress the 

 reader with the fact that first mortgage real 

 estate bonds in the United States are good and 

 safe investments. 



A reading of the three books which accompany 

 this, must impress the reader with the fact that 

 the RepubHc of Cuba is destined to occupy a 

 pre-eminent place in the agricultural history of 

 the world — now occupies such a position. 



One cannot read the things that have been 

 written here, and which are substantiated by 

 facts, without gaining an appreciation of the 

 enormity of wealth that is now flowing into the 

 Island, and will continue to develop those 

 natural advantages made possible by nature, 

 in soil, climate, geographical location and other- 

 wise. 



The Government of Cuba, under the admin- 

 istration of General Jose Miguel Gomez, realized 

 the necessity for the up-building of real estate 

 mortgage loan investments on the Island, and 

 with this view in mind, took steps to create an 

 institution that would be far more reaching in 

 its effect than has the United States Govern- 

 ment, as relating to this class of securities. 



With this idea in mind, the Law of July 20, 

 1 910, was promulgated. 



Under this law was created an institution 

 known as the "Banco Territorial de Cuba" 

 (Cuba Mortgage Bank) which has for its main 

 object, the making of first mortgage real estate 

 loans under Government supervision and direc- 

 tion. 



