PLANTERS IN RIO ESSEQUEBO EN RIO DEMERARY - DANIEL CHANGUION

Losnummer: 546
AMSTERDAM. 6% Obligatie Fl.1000. black. No 624. Folds with edge-tears. Large format. The certificate represents a 1000 guilders mortgage share in a "negotiatie" (see below) of slave plantations in the Dutch colonies Demerary and Essequebo. The total amount borrowed was 400.000 guilders yielding 6% yearly and was intented to be paid back in a 10 years' period. However, the last capital payment dates back from 1841. The as such collected money was given to local planters in order to improve their plantations. Both Demerary and Esquebo belonged to the Dutch West Indian Company (WIC) until 1791 and together with Suriname they formed Dutch Guyana. In 1791 the assets of the nearly bankrupt WIC were taken over by the Netherlands and in 1814 both colonies were transferred to the British. In 1831 Demerary-Essequibo were united with Berbice into British Guyana. A "negotiatie" is a sort of financing company with a management (here led by Daniel Changuion) and participants, first formed in 1753 by the Amsterdam banker and Mayor Willem Gideon Deutz. The total worth amounted to 4 million, it yielded a 6% interest rate and there was a mortgage on it for about 5/8 of its value. The early "negotiaties" turned out to be disasters as the plantations were overvalued and much money was wasted. After fruitless attempts by various merchants, the firm Harman van de Poll & Co succeeded in collecting enough money. The rise was supported by the bubble in West Indian crops in 1769 - 1773.
Branchen: BEFORE 1800
DUTCH GUYANA, NETHERLANDS
Datum: February 1770
Erhaltung: F-VF
Startpreis: € 100