GUATEMALA'S DEBT.
AMERICAN BANKERS' AIMS. By Telegraph.—Press Association.—Copyright.
New York, August 23. Mr. G. W. Young, as representing the United States Mortgage Trust Company, has undertaken to refund Guatemala's national debt, amounting to £2,400,000 sterling, and put the finances of the country on the basis of the gold standard.
American financiers are seeking to establish a chain of American bank-ing-houses in the Latin-American countries.
Guatemala is the most northerly republic of Central America, bounded on the west and north by Mexico, on the east by British Honduras and Salvador, and on the south by the Pacific. It. formerly formed part of the Confederation of Central America, but the Republic was established in 1847. It has a population of 1,647,300, of whom 60 per cent, are pure Indians. ■ Its revenue in 1907 was £57.8,653, and its expenditure £730,495.
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New Zealand Herald, Volume XLVI, Issue 14148, 25 August 1909, Page 7
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137GUATEMALA'S DEBT. New Zealand Herald, Volume XLVI, Issue 14148, 25 August 1909, Page 7
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