823.51/1496
The Ambassador in Peru (Norweb) to
the Secretary of State
No. 7537
Lima, August 6, 1943.
[Received August
14.]
Sir: With reference to the Embassy’s despatch
No. 7409 of July 20, 1943,78 transmitting comments by the President of Peru
regarding settlement of the Foreign Debt, I have the honor to transmit
as enclosure no. 1, a statement just received informally from the
Ministry of Finance and Commerce as to Peru’s External Funded Debt as of
December 31, 1942, totalling S/578,204, 111.46.
Except for the Guano Loan79 on which interest and amortization
charges are being paid, all of these obligations are now in default,
although, according to the statement of the President of Peru quoted in
the despatch just cited, the settlement of the foreign debt is “under
study”, which statement the President reiterated in his annual message
to Congress delivered on July 28, 1943.
Respectfully yours,
For the Ambassador:
Julian
Greenup
Counselor for
Economic Affairs
[Enclosure]
Peruvian External Funded Debt December
31, 1942
DOLLAR DEBT
|
Amount
Outstanding |
|
|
Dollars |
Soles |
1. |
Tobacco loan, 7%, 1927–1959.
(Republic of Peru—Secured 7% Sinking Fund Gold Bonds of
1927) Amount issued $15,000,000 in bearer bonds of $500 and
$1000. |
8,728,000 |
31,173,884.88 |
[Page 752]
2. |
National Loan First Series 6%,
1927–1960. (Republic of Peru, 6% External Sinking Fund Gold
Bonds.) Amount issued $50,000,000, in bearer bonds of $500
and $1000. |
48,367,000 |
172,752,897.57 |
3. |
National Loan, Second Series 6%,
1928–1961. (Peruvian National Loan 6% External Sinking Fund
Bonds) Amount issued $25,000,000 in bonds of $500 and
$1000. |
24,452,500 |
87,337,238.78 |
|
Total dollar debt |
81,547,500 |
291,264,021.23 |
STERLING DEBT
|
|
Sterling |
Soles |
4. |
Provincial Council of Lima loan of
1911, 5% First Mortgage Bonds. Amount issued £600,000 in
bearer bonds of £100. |
483,900 |
8,411,115.93 |
5. |
Peruvian Government, 7–½% (reduced to
4%) Guano Loan 1922–1948. Amount issued £1,250,000 in bearer
bonds of £100. |
706,300 |
12,276,857.16 |
6. |
Peruvian National Loan 6% External
Sinking Fund Bond—Second Series. Amount issued £2,000,000 in
bearer bonds of £100, £500 and £1,000. |
1,958,200 |
34,037,295.33 |
|
|
3,148,400 |
54,725,268.42 |
|
Plus dollar debt |
|
291,264,021.23 |
Interest arrears on external
funded debt in dollars. |
$57,270,129.88 |
204,552,295.59 |
Interest arrears on external
funded debt in sterling |
£1,589,151.17.0 |
27,662,526.22 |
|
578,204,111.46 |