Barclay, and a statement of their nominal value, and real produce.
The first Loan which was concluded with the house of Goldschmidt in 1823, for the sum of 3,200,000l. sterling, produced at 50, (at which price it was disposed of, though brought out at 58,) £1,600,000 or Eight millions of dollars, of which the Firm reserved for commission, payment of interest, &c. &c. 419,936l., which reduced the net produce of the loan to 1,180,064l. or 5,900,323 dollars; this being the whole amount received by Mexico, in return for having pledged her credit for Sixteen millions of dollars, bearing interest at five per cent.
The terms, it must be admitted, are usurious enough.
The second loan which was taken by the house of Barclay, in 1824, was for the same amount as the first, viz. 3,200,000l. sterling, bearing interest at six per cent.
| £. | s. | d. | |||||
| It was sold by commission, and produced at 86¾ | 2,776,000 | 0 | 0 | ||||
| Deduct | £. | s. | d. | ||||
| Commission | 166,560 | 0 | 0 | 1,405,502 | 9 | 3 | |
| Interest on first eighteen months retained | 288,000 | 0 | 0 | ||||
| Sinking Fund | 48,000 | 0 | 0 | ||||
| Ditto for first loan | 694,000 | 0 | 0 | ||||
| Contingent Expenses | 8,942 | 9 | 3 | ||||
| Money previously advanced with interest | 200,000 | 0 | 0 | ||||
| ———— | — | — | — | ———— | — | — | |
| Net Produce | 1370,497 | 10 | 9 | ||||
| ———— | — | — | |||||
| Or dollars | 6,852,487 |
