MARACAIBO.

At this port the past year had been a very bad one, much worse than 1901. Traffic with Colombia had been forbidden by the authorities throughout the whole year, and trade had suffered severely from the prohibition. The value of the coffee exported had sunk from £591,112 in 1901, to £443,460 in 1902. During the latter half of 1902, 3,355 tons of asphalt had been shipped by an American Company, and it was probable that the exportation of this product would become very important in the future.

NOTE.-Issued under notarial protests by the Council of Foreign Bondholders of London, in accordance with the Resolutions of May, 1875, for the loss of 40 % Principal involved in the conversion of the corresponding amount of Bonds (held in England) under the Funding Act of January, 1874.

MISSISSIPPI.

NOTES.(A.) "Planters' Bank" Bonds. (B.) "Union Bank" Bonds.

Certificates............

£3,047,874

Being West Virginia's one-third Share of the old Debt of Virginia apportioned 1st July, 1871, not yet recognised by West Virginia.

SUMMARY OF PRINCIPAL LOANS IN DEFAULT IN 1902-1903.

WERTHEIMER, LEA & CO., Printers, 46 & 47, London Wall, and Clifton House,

Worship Street, London, E.C.