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Bolivia: 1872 6% Government Loan

Authorised £1,700,000 to subsidise the National Bolivian Navigation Company which had been formed under a government concession for opening communication between the Republic and the Atlantic Ocean. The route was found to be not navigable so the Brazilian Government granted a concession for the Madeira Mamore Railway to be built to complete the route. Years of legal wrangling made the scheme impossible to finish and the loan went into default. £45 per £100 was returned to bondholders in 1880 and the balance certificates issued to deal with any further payments of which £2 6s was paid in the following year. Bolivia refuses to have any liability for any balance outstanding.

1872

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REF. NO. DENOMINATION DESCRIPTION NO. ISSUED CONDITION VALUE
101 £100 1872, grey, no coupons 8,500 VF £40
102 Trust certificate 1880, black ? VF £10
103 £500 1872, blue, no coupons 1,700 VF £50
104 Trust certificate 1880, pinkish brown ? VF £10
106 certificate of deposit Black #3735 VF £12-15

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