Institution for Encouragement
of Irrigation Works and
Development of Agriculture,
S.A.:

42% Gtd. 35-Yr. Sinking
Fund Bonds, due 1943.
Plain-$25,000,000..... June 22, 1909
Assented-$21,414,500. May 14, 1924

prox. Feb. 5,
1927. No pay.
ments made
on subsequent
Wts.

Int. on Cash No payment.. No payment. No payment.. No payment.. No payment.

War No. 6,

due Nov. 1925,
amt. to $20.25
paid approx.
Mar. 7.

! We understand that in accordance with the German Decree of June 9, 1933, funds to pay interest on certain German Bonds are being deposited in Germany.