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Lot 1457: EMPRUNT DU GOUVERNEMENT DE HONDURAS 1869, C.D.F. DE L'ETAT
29 October 2016
Brussels, BelgiumLive Auction
Description: 28 February 1869 PARIS. Obligation de F300. blue, black. #207509. No 122184. Large format with folds and some minor edge-damage. Loan raised to build a railway across Honduras from Puerto Caballo, on the Caribbean, to the Bay of Fonseca, on the Pacific. Repayable from the profits of the line. The various railway loans raised between 1867 and 1870 were the subject of serious fraud - little of the money raised ever reached the railway projects in Honduras, and perhaps the whole launch was a fraud. The country defaulted in 1872. The line was finally completed in 1897 by an American group.
Condition Report: VF