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Bonds to Africa Trade Impetus Debated in Proprietors Meeting
The 1734 plan notes 4 percent annual interest on bonds payable December 31 and defines preference for subscribing proprietors who notify by December 15. It approves issuing 800 bonds of 109 pounds each for up to 80,000 pounds to enlarge African trade, and mandates no new bonds until current issues are paid. A collateral security for 20,000 pounds in bonds is outlined with deposits, premiums, and interest terms.
MENTIONED IN THIS ARTICLE
Africa