Ogden Standard-Examiner | 1921-02-13 | Page 19 | Railways of Chile Secure Loan Here

vu RAILWAYS OF CHILE SECURE LOAN HERE SANTIAGO. Chile, Feb. 12. General Improvements on the Chilean state railways and purchnFe of new equipment equip-ment and the liquidation of the deficit accumulated during the past two years will be carried oul by means of tho loan of $24,000,000 negotiated by the ) Hank of Chile and a group of North American bankers The loan, which was made through ; the Guaranty Trusl company of New i York City, will mature In 20 years, but I may be repaid before that time at the option oi the Chilean government. Fif-I Fif-I teen per cent of. the gross earnings of the state llnei will be set aside for the payment of this loan. The interea' rate was fixed at 8 per cent. 06 Im ring 1920 the United States cx- ported forest products worth f200,- 000.000.