THE CUBA R E \' I E W 



13 



CUBAN BOND OFFERING 



'Soever & Co. offered on February 2d for public subscription in New York at 98% and 

 int^^^est the last instalment of $5..M10.000 republic of Cuba 4^4 per cent bonds due 1949. 

 SubscHptions were opened simultaneously in London by Speyer- Bros, and ^n Amsterdam 

 bv Teixeira de Alattos Brothers, which closed on Monday February 6th. 

 •The 'first instalment of a like amount of these bonds was oftered in September 1909, 

 and in London alone the subscriptions received at that time amounted to over $20,000,000. 

 The "econd instalment of the same amount was ottered m February. 19 0, and was sub- 

 scribed for several times over. The bonds now offered are the f^nal block ot an issue 

 United to $16,500,000. authorized bv decree of Charles E A ago on. provisional governor 

 of Cuba appointed bv the United States government, with the approval ot the secretary 

 of war of ?he United States, which provided that not more than S.x.^OO.OOO ot the bonds 



could be issued in any one year. ■ r- \ i c „ ^^ <?. r^^ <-Vif> 



Bv the terms of the agreement between the republic ot Cuba and Speyer & Co. the 

 oovernment pkdges its S'ood faith and its credit for the prompt payment ot the prmc.pal 

 Ii?d Sterest of the bonds and of the instalments for the sinking fund and for amortiza- 

 ?on and as a special guarantee to secure these payments, sets aside, pledges and ap- 

 nrooriates so much of its custom receipts as shall be necessary for hat purpose 

 ^Il'e'ereceips which constitute the security for the 4^ .per cent bonds now being 

 offered have avera-ed over $23,000,000 annually, while the interest on the entire is.ue 

 ofbonds amounts to $742,500 per annum. The amount required to pay the interest on 

 the ?3YoOOro"oan of 1904 is $1,750,000 annually, which alter 1911 decreases, as bonds 



\'T ?''f,i"em "tte ent,f"5ue'of 4'- per cent bonds outstanding on the first day 



-d^;Sr£.o{£sS^^^ 



-^Lat|^1;i..%™aeJ^.st*£esen^ 



^" r "- ~1£SSi'^^^^^=--d^-^^^^ 



which was made at an ottering price oi ^ ' .- j ^ Februarv 4th, instead of 



Pe?™^-'«h*^SLfo;5frSdJ„:t^d=o£|o:ooO,000 . London a.one. The 



bonds were also largely oversubscribed m Amsterdam. 



^, s ■ vr-,;~f^r ATr Tarkson has piers along the water front of Havana 



The American Minuter, f^- -'^^'^^°"; /!^„ f.^i-bor soon to begin, mav interfere some- 

 filed with the Cuban Department of btate^ Xat ^vith the storage of freight for the 

 note recommending th^^ ^^^^^, Pff ?" 'Jo- customs— sav the steamship companies— by 

 ifderS' r^ceJun^aS'luar'a^Lntg^Ss c.rtat.in,- space .-fiich ,s already inade- 

 moral character and his not having ever quate. _ _ 

 been convicted of any crime. The Havana Audiencia sentenced on 



"Government officials." says the New januarv 26th Jose Pennmo, accused ot kill- 

 York Herald "have consulted the Depart- -j^^- Juan Amer. to 12 years and 1 day im- 

 ment of Justice, which opposes the recom- prTsonment and to pay an indemnity of 

 mendation The government is not m- jqq pesetas to the family of his victim 

 clined to follow the recommendation, be- jj^g ^ourt defined the crime as a case ot 

 lievins- that it would be vexatious to the homicide. . ^ 

 neonle" General Enrique Louiaz del Castillo Cu- 

 . 1 1 1 1 han minister to Alexico. has asked Presi- 



A national association of ophthalmolo^, ^^^^^/g^^^^'to pardon Pennino. The gen- 



and otolar^mgolog^^ has been orgamzed n dent L o ^^^^ p^^ ^^^^^ ^^^^^^ ^^ 



S^[h? in^rJ m V;bT'wh?^^re°\nt'^^^^^ on the grounds of '-Justice, equity and social 



?he iul^ect Dr. J. Santos Fernandez has convemence. _ , , , , . 



been" elected president : Dr. Emilio Mar- j^e bill granting a strip of land to the 



S vice-president, and Dr. F. M. Fer- provincial council of Santiago de Cuba for 



nandez secretary. the construction of an otticial bmlding. ^^as 



The construction o 



f the new Scoville approved by the senate on January 21st. 



