PRESTAMO ORGANISATION

Losnummer: 525
MADRID. Accion de 2500 Vales Reales. black. #160000. No 26580. In 1798 a government loan of 400 million reales was created by royal decree, and this state organisation accepted amounts of 2500 reales under the terms of the decree. The holders were chosen, as in a lottery, to receive repayment with interest. However, it does not give terms of interest or of drawings. It suggests a forced loan, which is quite realistic at a time when Spain was in serious difficulties. Pretty piece, with fine and delicate design of birds and flowers, and the arms of Spain.
Branchen: BEFORE 1800, GOVERNMENT BONDS
SPAIN
Datum: 1 May 1799
Erhaltung: VF
Startpreis: € 100