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Auction: 1004 - Bonds & Shares of The World
Lot: 825

State of Louisiana, a group of 4 Certificates of Claim against the State for forced conversion and reduction of nominal value of 6% State Loan issued in 1837, issued by the Corporation of Foreign Bondholders jointly with the Committee of Louisiana Bondholders, London 187(6), black, good very fine. (4) Estimate £ 80-100 By an Act passed in 1874 the State of Louisiana converted all outstanding bonds of the State into new 7% Bonds. The principal value of the old bonds was reduced to 60% and these certificates were a claim against the State by British bondholders, of which there were many, for the forced loss of 40% of the nominal amount .

Sold for
£90