Railway rescission loan of 1901 Port works loan of 1903.
This bank brought out the Constantinople municipal loan of 1909 (£1,000,000).
Ten years later, when the currency had fallen to 51 pence per milreis, the government found itself unable to meet the interest obligations on its debt and railway guarantees, and an arrangement was made with its creditors in London for the issue of a 5% funding loan to an amount not to exceed £10,000,000, and the suspension of all amortization for thirteen years.
Under the provisions of the funding loan of 1898 a scheme for the withdrawal of the paper money was carried into effect, and by the end of December 1906 the amount in circulation had been reduced from 788,364,614 2-milreis (the outstanding circulation 31st August 1898) to 664,792,960 2-milreis.
Credit, if given, was treated as a debt, and secured as a loan by the seller to be repaid by the buyer, for which he gave a bond.
At the close of the 13th century the Kyburg part of the Breisgau passed to the Habsburgs, who in 1368 acquired also the town and countship of Freiburg, which had been sold by the counts of Urach to the Freiburgers and given in pledge by them to the house of Austria in exchange for a loan of the purchase price, which they were unable to repay.
The financial situation continued to be em iously embarrassing; deficit was piled on deficit, loan upon res fn, and the service of the debt rose from 9o,ooo,ooo lire in th 60 to 2?O,000,000 in 1864.
The Hebrew word shed or " demon " is no more than a Babylonian loan word, and came to designate the deities of foreign peoples degraded into the position of demons.'
Though averse from the policy of unlimited colonial expansion, he provided by a loan for the cost of the Abyssinian War in which the tactics of General Baratieri had involved the Crispi cabinet, but fell with Crispi after the disaster at Adowa (March 5896).
Turgot's measures succeeded in considerably reducing the deficit, and raised the national credit to such an extent that in 1776, just before his fall, he was able to negotiate a loan with some Dutch bankers at 4%; but the deficit was still so large as to prevent him from attempting at once to realize his favourite scheme of substituting for indirect taxation a single tax on land.
In July 1780 he had been authorized to execute the duties previously assigned to Henry Laurens, and at the Hague was eminently successful, securing there recognition of the United States as an independent government (April 19, 1782), and negotiating both a loan and, in October 1782, a treaty of amity and commerce, the first of such treaties between the United States and foreign powers after that of February 1778 with France.
To provide the requisite funds for this vast undertaking, a forced loan of% on net incomes was raised; the money bore interest at the rate of 4%.
On the third loan the city subscribed $65 for every man, woman and child, nearly three times the quota.
In 1862 further sehims were issued, and these and the loan of 1862 08,000,000) were devoted to the withdrawal of the kaime.
This last surtax, which produces about £T90,000 per annum, was specially affected to a loan, known as the " Tejhizat-i-'Askerieh of 1905," of £T2,640,000, by virtue of a contract between the government and the Deutsche Bank (April 17, ' It should be noted that the classification of the revenues included respectively under the " direct " and " indirect " categories has now been quite properly changed, the sheep-tax, tithes, mining royalties and forest royalties being comprised under " direct taxes "; stamps and registration duties are placed in a special category, and salt and tobacco under " monopolies."
A loan of £T7,040,000 was arranged with a German group headed by the Deutsche Bank.
The " general debt," of which the last issue was in 1875, with a reduced nominal capital of £T48,365,236, and the " lottery bonds " (railway loan), with a reduced nominal capital of T15,632,548, the total of group iv.
The kilometric guarantee of 15,500 francs (£620) was split into two parts, 4500 francs (£180) being granted as the fixed working expenses of the line, all receipts in excess of which amount were to be credited to the Turkish government in reduction of the remaining 11,000 francs (f440) which took the form of an annuity to be capitalized as a 4% state loan redeemable in 99 years, that being the period fixed for the duration of the concession.
1 he payments to the company were to be made in two lump sums forming " series 2 and 3 " of the " Imperial Ottoman Bagdad railway loan," series 2 amounting to £4,320,000, which was delivered to the company on the signature of the contract, and series 3 to £4,760,000.
His action as trustee for the notorious Greek Loan in 1824 was at least not delicate, and was the ground of charges of downright dishonesty.
The later Assyro-Babylonian Semitic form Akkadu ("of or belonging to Akkad") is, in all likelihood, a Semitic loan form from the non-Semitic name Agade, and seems to be an additional demonstration of the identity of Agade and Akkad.
Funding loan of 1898.
Point was given to this argument by the fact that the premier had just concluded the preliminaries for the negotiation of a loan of £20,000,000 in France, and that the money - which could not be raised in the Austrian market, already glutted with Hungarian securities - was urgently needed to pay for the Hungarian share in the expenses of the annexation policy, for public works (notably the new railway scheme), and for the redemption in 1910 of treasury bonds.
Creditors loan out money worth a lot, only to be repaid in money worth less.
With the help of local agencies around the world that have experience in micro-loans, a would-be borrower—say, a fish seller in the Philippines—uploads a picture and an explanation of what she wants the loan for.
At some point, the loan is repaid to the local agency and your money comes back to you.
Mary Hendrikhovna obliged them with the loan of a petticoat to be used as a curtain, and behind that screen Rostov and Ilyin, helped by Lavrushka who had brought their kits, changed their wet things for dry ones.
The diminution was due to the law of the 10th of April 1893 upon the banks of issue, by which they were obliged to liquidate the loan and mortgage business they had previously carried on.
On the 12th of April 1883 the forced currency was formally abolished by the resumption of treasury paynients in gold with funds obtained through a loan of 14,500,000 issued in London on the 5th of May 1882.
Owing to the hostility of the French market, the loan was covered with difficulty, and, though the gold premium fell and commercial exchanges were temporarily facilitated by the resumption of cash payments, it is doubtful whether these advantages made up for the burden of 640,000 additional annual interest thrown upon the exchequer.
A third son, James Gore King (1791-1853), was an assistant adjutant-general in the war of 1812, was a banker in Liverpool and afterwards in New York, and was president of the New York & Erie railroad until 1837, when by his visit to London he secured the loan to American bankers of £i,000,000 from the governors of the Bank of England.
The Jews had been among the first to appreciate the commercial advantages of permitting the loan of money on interest, but it was the policy of the Church that drove the Jews into money-lending as a characteristic trade.