Buenos Ayres Bond Recapitalization 1858

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    J_OLC[ N]ZO[ ACNL.

    G O [ [ Z [ . J N Z M L H J Z C V D O Z [ & Kc. joh tc nkqunmlt td o Dcafors ci Juolcs Nyros Jclfs, tdnt

    tdoy wmaa j o propnrof, c l nlf nitor tdo toltd ci tdms gcltd, tc rokomvo td o Kcupcls icr

    nrronrs ci mltorost tdorocl, nlf tc foamvor, ml amou tdoro ci, Prcvmsmclna Zokom pts, wdmkd wmaa jo

    oxkdnlhof i c r Low Jclfs ns sccl ns tdo sngo sdnaa dnvo jool rokomvof ic r tdnt purpcso ircg

    td o Hcvorlgolt ci Juolcs Nyros.

    V d o K c u p c l s tc jo iulfof nro tdcso ircg >: td Buay >4;0 tc >: td Bnlunry >4?4 , jctd

    mlkausmvo, ml naa Imity-smx Kcupcls, roprosoltmlh C lo Dulfrof nl f [mxty-omhdt por Kolt, ci

    Nrronrs, cr i 460 cl onkd Crmhmlna Jclf ci i ?00 , nlf tdo tctna ngcult c i Low JcmNs tc jo

    mssuof wmaa jo bHa,96\>,000, vmz.2

    >94 por Kolt, cl =88,000 ngcult ci Crmhmlna Jclfs ml kmrkuantmcl >,96 >,;90

    Fofukt irnktmclna jnanlko, wdmkd wmaa jo rofoogof jy tdo [tnto. ;90

    >,96>,000

    Nkkcrfmlh tc tdo nlloxof Zoscautmcl ci n Gootmlh ci Juolcs Nyronl Jclfdcafors, doaf

    cl : l f Bulo >4?9, nlf jy roquost ci td o Kcggmttoo ci [pnlmsd Ngormknl Jclfdcafors,

    Gossrs. JmZmTH JncVDOZ[ & Kc . prcpcso tc fofukt ? por Kolt, ircg tdo ngcclt c i nrronrs

    tc jo pankof nt tdo fmspcsna ci tdo Holtaogol oltrustof wmtd td o fmstrmjutmcl ci tdo sngo.

    Gossrs. JNZmEH JZCVDOZ[ & Kc . wmaa l c t rokomvo nl y pnrt ci tdms iulf nn kcgpolsntmcl icr

    pnst sorvmkos, omtdor ic r tdogsoavos cr tdomr sovorna nholts, nl f wmaa gnamo lc kdnrho tc tdo Jclf-

    dcafors icr tdo Oxkdnlho ci tdo Kcupcls, cr icr tdo mssuo doronitor c i tdo Low Jclfs. Vdo

    dcafors wmaa tdoroicro rokomvo ic r nrronrs ci mltorost c l onkd Jclf ci ?00, L o w Jclfs ic r 400,

    aonvmlh 6 0 , cr lonray ? por Kolt, tdorocl ns tdo ngcult tc jo kcltrmjutof ulfor tdo

    Zoscautmcl roiorrof tc.

    V d o Crmhmlna Jclfs wmaa rognml ml tdo pcssossmcl ci tdo dcafors, nl f irosd sdoots ci Kcupcls

    wmaa j o mssuof wdol roqumrof. V d o sugs tc jo rogmttof jy tdo Hcvorlgolt c i Juolcs Nyros

    furmlh td o prosolt yonr, nffof tc tdo jnanlko c i anst yonr's rogmttnlkos, wm_ jo sugfolt tc pny

    td o wdcao fmvmfolfs icr >4?4 5 nlf mt ms oxpoktof tdnt td o iulfs wmaa jo rokomvof ml tmgo icr tdo

    pulktuna pnygolt ci tdoso fmvmfolfs ns tdoy inaa fuo.V d o Hcvorlgolt ci Juolcs Nyros dns oxokutof n icrgna kcltrnkt, fo[lmlh td o gnllor ml

    wdmkd tdo anw ci :4td Cktcjor >4?8 ms tc jo knrrmof kut ml fotnma. V d o Nrtmkaos nhroof upcl

    nro ns icaacws2

    Vdo Jnrmlh Nrkdmvo Atf

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    VZNL[ANVMCL.

    N Z V M K A O A V C goot td o pnygolt ci tdo Mltorost c l tdo Crmhmlna Jclfs, td o Hcvorl-

    golt jmlfs mtsoai t c rogmt tc tdo Nholts ci tdo Acnl ml Aclfcl

    Ml >[?8 td o sug ci ;9,000 storamlh.

    Ml >4?4 G \64,000

    Ml >4?= G &90,000

    nlf ml >490 mlkausmvo nl f tdolkoicrtd, ml nffmtmcl tc tdo njcvo-goltmclof sug ci 90,000,

    mt wmaa rogmt ml ameo gnllor td o nlluna su g ci ?000 storamlh ns n [mlemlh Iul f. Vdms anst

    sug , tchotdor wmtd td o mltorost kcrrospclfmlh' tc tdo Jclfs rofoogof, cr wdmkd gny jo

    rofoogof, sdnaa jo ogpacyof ml oquna pnrts ovory smx gcltds, ml tdo purkdnso cr rofogptmcl

    ci irosd Jclfs ci tdms kanss, ultma td o t ctna ng cnl t tdoroci sdnaa dnvo jool rofoogof. Vdo

    iulfs kcrrospclfmlh tc tdo stmpuantof rogmttnlkos sdnaa j o pankof ml Aclfcl ml oquna pnrts

    joicro td o ;0td Bulo n l f ; s t Fokogjor ci onkd yonr.

    N Z V M K A O M M . V d o sugs fostmlof tc tdo [mlemlh-iulf sdnaa j o ogpacyof jy tdo Nholts

    ci td o Acnl ml Aclfcl ml tdo purkdnso ci Jclfs ml tdo gnreot nt tdo kurr olt prmko, prcvmfof

    m t sdcuaf jo joacw pnr, ju t ml osso td o prmko ci tdo Jclfs sdcuaf oxkoof pnr, tdo Jclfs tc.

    jo rofoogof jy tdo [mlemlh-Iulf sdnaa jo fotorgmlof jy act, ml prosolko c i td o prmlkmpna

    Nholt cr Zoprosoltntmvo oi tdo [tnto ci Juolcs Nyros, g Aclfcl nt tdo tmgo jomlh. V d o

    Jclfs frnwl jy act sdnaa jo pujamsdof ml tdo Aclfcl Hnzotto, cr ml twc ci tdo prmlkmpna

    lowspnpors, wmtd lctmko ci tdo fny imxof ic r tdomr pnyg olt, wdmkd wmaa jo gnfo nt pnr, nlf

    tdoy wmaa konso tc jonr mltoro st i rcg tdn t fn.to. V d o Jclfs purkdnsof cr rofoogof jy tdo

    [mlemlh-Iulf, wmtd tdo kcrrospclfmlh KcVmpcls ic r iutu ro fmvmfolfs, sdr.am jo knlkoaaof ml tdo

    prosolko ci tdo prmlkmpna Nholt cr Zoprosoltntmvo c i tdo [tnto ci Juolcs Nyros ml Aclfcl.,

    nl f nitorwnrfs fopcsmtof ml tdo Jnle ki Olhanlf, tamo lugjors jomlh pujamsdof ml tdo Hnzotto,

    cr ml twc ci tdo prmlkmpna Aclfcl lowspnpors.

    N Z V M K A O M M M . V d n Dcafors ci tdo Crmhm lna Jclfs wmaa rokomvo low samoots ci Kcupcls iur

    iuturo fmvmfolfs wmtd kcpy nlloxof tdorotc ci tdo twc prokofmlh nrtmkaos, johmllmlh wmtd tdo

    Kcupcl icr tdo fmvmfolf wdmkd inaas fuo cl tdo >: td Bnlunry >49>.

    N Z V M K A O M Y. I c r nkkcult ci tdo cvorfuo mltorost up tc tdms fnto cl td o crmhmlna Jclfs,

    nlf ci tdnt wdmkd gny jo cvorfuo tc tdo olf ci >4;4, ngcultmlh tc tdo sug ci im\4'am,CHC

    storamlh, td o Hcvorlgolt ci Juolcs Nyros wmaa mssuo low .Jclfs< wdmkd wmaa jonr td c icamk wmlhmltorost, lngoay2

    Ircg >49> tc >49? mlkausmvoay . . . Cl o m499 tc >480 mlkausmvoay Vwc por Kolt, por nllug, n l f

    Ircg >48> nlf tdolkoicr td.. . Vdroo por Kolt, por nllug

    Vdo Jnrmlh Nrkdmvo Atf

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    ;

    V d o imrst dnai-yonr 's mltoro st c l tdoso low Jclfs wmaa jo fuo cl tdo >: td Buay >49>, n lf

    sujsoquoltay cl >:td Bnlunry nlf >: td Buay ci onkd yonr, cl wdmkd fnys td o dnai-yonray

    mltorost cr fmvmfolf fuo sdnaa jo pnmf ml Aclfcl. Naa tdo hunrnltoos hrnltof tc td o Acnl ci

    >4:6 wmaa oxtolf tc tdoso low Jclfs.

    N Z V M K A O Y. Vdo Hcvorlgolt ci Juolcs Nyros jmlfs mtsoai tc rogmt tc td o Nholts ci tdo

    Acnl ml Aclfcl td o iulfs lokossnry tc lsoot td o pnygolt ci td o mltorost nssmhlof t c tdoso

    L ow Jclfs, nl f iurtdor M4H> nlf idklkoajrtd, td o nffmtmclna srll ci por Nllug, cr

    td o tvic-dllfroftd pnrt ci tdo tctna ngcult ci tdo snmf Jclfs, ns n [mlemlh Iulf icr tdo sngo.

    Vdms [ug nffof tc tdo Mltorost kcrrospclfmlh tc tdo Jclfs wdmkd gny jo rofoogof, sdnaa j o

    ogpacyof ml oquna pnrts ovory smx gcltds ml tdo purkdnso, cr rofogptmcl, ci mdono L o w Jclfs,

    ultma tdo wdcao ci tdog sdnaa dnvo jool rofoogof. Vdo\'sumls tc jo rommmmttof ml kclsoquolko

    ic r nkkcult c i Mltorost nl f [mlemlh Iulf, wmaa jo ns icaacws2

    Ircg m49> tc >4945 mlkausmvoay .: 6b9 >? po r nllug

    marcg >499 tc B4/0 , mlkausmvoay. . . . . . . . . . . .56->,0;? po k nllug, nlf

    Ircg >480 nlf tiaokk5otcrmm ?8,6;? p or nllug

    tamc Hcvorlgolt jmlfmlh mtsoai tc panko tdoso iulfs ml Aclfcl5 jy dnavos, joicro ;0td Bulo

    nl f ;>s t Fokogjor ci onkd yonr.

    .NZVMKAO Y M . V d o HcvorOmr.olm rosorvos tamo inkuaty ci ogpacymlh ml tdo rofogptmcl ci

    tdoso lo w Jclfs, ml nffmtmcl tc tdo stmpuantof sug , nl f n t nl y tmgo nitor tdomr mssuo, na a sukd

    ctdor ngcults ns tdo Aohmsantumc gny fostmlo tc tdms purpcso.

    NZVMKAO Y M M . V d o sugs nppamknjao tc tdo [mlemlh Iulf, n3 woaa ns nly otdors wdmkd

    g ny jo fostmlof tc tdms purpcso, sdnaa jo ogpacyof jy td o Nholts ci td o Acnl ml Aclfcl ml

    td o purkdnso c i _moso low Jclfs ml tdo gnreot nt tdo kurrolt prmko, sc aclh ns tdms sdnaa jo

    joacw p n r 5 j u t m l knso tdo prmko ci tdoso l ow Jclfs sdcuaf doronitor jo njcvo pnr, tdo Jclfs

    tc jo rofoogof sdnaa j o fotorgmlof jy act , nl f tdcso wdmkd g ny jo frnwl, ns woaa ns tdcso

    wdmkd g ny dnvo jool jcuhdt ml td o gnreot, sdnaa jo pujamsdof ml tdo lowspnpors, pnmf nlf

    knlkoaaof wmtd tdo kcrrospclfmlh Kcupcls, ml tdo gnllor nl f icrg ostnjamsdof ml td o sokclf

    nrtmkao wmtd rospokt tc tdo [mx por Kolt, Jclfs.

    N Z V MK A O Y M M M . Vdo low Jclfs, wdmkd sdnaa j o fosmhlntof " Juolcs Nyros Vdroo p or Kolt.

    Jclfs, sdnaa jo smhlof ml tdo lngo ci td o [tnto jy tdo Gmlmstor ci Imlnlko ml Juolcs Nyros,

    nl f sdnaa jo mssuof tdrcuhd td o nholky ci Gossrs. J N Z M L H J E C V D O E [ & Kc. , jy wdcg

    tdoy wmaa jo kcultorsmhlof.

    Vdo Jnrmlh Nrkdmvo Atf

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    6

    N Z V M K A O M T . V d o pnygolts stmpuantof ml t jo prosolt kcltrnkt nro spokmnaay kdnrhof cl

    td o prckoofs ci tdo rolt ci tdo Pujamk Anlfs ci tdo [tnto, oxkoptmlh tdcso Nvdmkd joaclh tc

    td o Gulmkmpnamtmos, nlf ml knso c i foimkmolky mt wmaa j o gnfo up &cg tdo holorna rovoluos ci

    td o [tnto, c r ircg spokmna roscurkos wdmkd td o Aohmsanturo g ny kronto ic r tdms purpcso.

    OJ[CAurmcr\,

    bP1wX ni n cN Bw w >4?9.

    Vdnt tdms Gootmlh nutdcrmsos n fofuktmcl tc jo gnfo, tdmcuham trmo gofmug ci td o Nholts ml

    " Aclfcl ci tdo Juolcs Nyros Hcvorlgolt, ircg td o Jclfs tc jo mssuof icr tdo nicmosnmf

    nrronrs ci mltorost, ci 9 por Kolt, c l tdo ngcult ci sukd Jclfs, tc jo pankof nt tdo

    fmspcsna ci tdo Kcggmttoo ci [pnlmsd Ngormknl Jclfdcafors, icr tdo rogulorntmcl ci

    td o pnrtmos wdc dnvo jool mlstrugoltna ml jrmlhmlh njcut sukd nfbustgolt, nlf icr tdo

    pnygolt ci td o oxpolsos wdmkd dnvo jool mlkurrof j y td o Kcggmttoo ml tdms lmnttom,

    " nlf icr tdomr rogulorntmcl.

    Nrooi , 61N >4 ?4 .

    Vdo Jnrmlh Nrkdmvo Atf