Prev | Current Page 533 | Next

Schoenrich, Otto

"A Country with a Future"

Jacob H. Hollander, of
Johns Hopkins University, to proceed to Santo Domingo and make an
investigation of financial conditions. Prof. Hollander, in an
elaborate report, found the amount of the claims pending against the
Dominican Republic on June I, 1905, to be $40,269,404.38, distributed
as follows:

Bonded debt........................ $17,670,312.75
Liquidated debt...................... 9,595,530.40
Floating debt........................ 1,553,507.79
Declared claims...................... 7,450,053.89
Undeclared claims.................... 4,000,000.00
--------------
Total indebtedness................. $40,269,404.38

The bonded debt, as above designated, comprised the public
indebtedness represented by outstanding bonds; the liquidated debt
consisted of items secured by international protocols or by formal
contracts; the floating debt consisted of admitted indebtedness,
neither funded nor secured, but evidenced by public obligations; the
declared claims were claims presented for reimbursement or indemnity
but not expressly recognized by the government; and the undeclared
claims were claims of the same nature not yet formally presented.


Pages:
521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545