WesWorld

The RosPoezd Finance Division announced today that on 15 March 1926 they would offer a bond issue on the Bourse in the amount of 100,000,000 Rubles in order to raise the capital for the construction of the Henyang to Kunming railroad. The bonds offer an interest rate of 2 1/4% for a term of 30 years. Moody's Analyses of Railroad Investments notes: "While Russian government securities are not yet to be considered for the portfolio of the prudent investor, due to Russia's default on her war debts in 1917, it is notable that, through war and revolution, RosPoedz has never been late on a payment of principle or interest. This bond issue will provide its investors a reliable source of long-term income and a safe harbor for their capital."

That one is definitively different.... :o)

Could you please translate it?

I've fixed it.

*begins preparing addition to Filipino Q1 news, dated 15 August*

*begins preparing addition to Atlantian Q1 news, dated 16 August*

You guys would seem to have really late Q1 news...

"...15 March"

Thanks for the catch.

Mine was a cut and paist job! AAAAA!

...but since we're moving into Q2 I thought I'd stick this up.)


***

The Manila Evening Times
16 March 1926

The Russian company RosPoezd yesterday opened the sale of bonds for the building of the Henyang & Kunming Railroad in China, and the Philippines has cashed in.

The Philipine & Pacific Steam Ship Co. and the Filipino Union Rail Road Co. made large purchases of the bonds. While neither company would disclose the exact number of bonds purchased, a Parisian finanical analyst stated that the amount was "quite possibly in excess of ten million rubles' worth" of the 100 million ruble offiering.



(ooc: It should be noted that the PPSS is owned by the family of El Presidente, while FURR's majority stockholder is none other than, you guessed it, Señor Foreign Minister...)

(ooc2 - thanks to Walter for some inspiration here. ^_^)

Quoted

(ooc2 - thanks to Walter for some inspiration here. ^_^)

No problem. :-)

BTW, what is the value of the Russian Federation's Ruble (1926 AD) compared to the USD and the GBP?

Historically, war/revolution/civil war hit Russia so bad that it took until 1928 to get back to the 1913 level of output and income, with the Civil War having by far the biggest impact. The WesWorld Russia is very different, and as a guess got back to the 1913 output level by about 1922.

I dug this up on the historical exchange rate:

The gold Chervonetz equal to ten rubles was the monetary unit of the Soviet Union from 1922 to 1935. On November 27, 1922, the USSR set 1 Chervonetz = 10 Gold Rubles = 5.1455 U.S. Dollars = 7742.3436 milligrams of fine gold.

So the Gold Ruble was worth $0.51 in 1922, after Great War/Revolution/Civil War. As a guess, without the Civil War, the Gold Ruble might be worth about $0.85 or so.