Salt Lake Herald | 1890-12-04 | Page 1 | Argentine Republic Finances

Argentine Republic Finances LONDON Dec 3The English delegates on the Argentine committee have arrived at a unanimous decision which will be imparted I im-parted to the governors of the Bank of England tomorrow They oppose any advances to the Argentine republic involving involv-ing preferential security over existing I creditors advise the funding of the coupons cou-pons of the national debt and the extension ot tne bonds 01 toe republic lor tnree years during which time the greatest possible amount of inflated paper currency will be withdrawn and burned This will give breathing time and prevent 1 stoppage of the payment of interest The proposed new funded bonds will be secured by customs cus-toms revenues The committee has come to the conclusion that the exchange could only be made at par or even a moderate premium before the Argentine government could be pronounced solvent