(p.241) Appendix
(p.241) Appendix
S. Pearson and Son major construction contracts in Mexico 1889–1911
Name of contract |
Date |
Client |
Nominal value in sterling |
Value in Mexican pesos (c. $10 pesos to £sterling) |
Source of finance |
|---|---|---|---|---|---|
Mexico City Gran Canal (Gran Canal del Desague del Valle de Mexico) |
1889–1900 |
Mexico City Town Council (Ayuntamiento)/ Board of Directors of the Valley of Mexico Canal Project (Junta Directiva del Desague del Valle de Mexico) |
£2 million |
$20 million |
55% external debt 8% internal debt 23% federal government (fiscal revenue) 14% Town Council (fiscal revenue) |
Veracruz Harbour |
1895–1903 |
Mexican (federal) government |
£3 million |
$30 million |
internal debt (5% silver bonds) |
Veracruz Drainage |
1901–1903 |
Veracruz state government |
£400,000 |
$4 million |
state government bonds |
Tehuantepec National Railway |
1896–1906 |
Mexican (federal) government |
£2.5 million |
$25 million (estimated actual payments $53,690,000) |
external debt (reconversion 1899/ Tehuante-pec Railway Loan 1904) internal debt (5% silver bonds) |
Coatzacoalcos (Puerto México) Port Works |
1896–1909 |
Mexican (federal) government |
£1.4 million |
$14 million (estimated actual payments $21,750,000) |
external debt (reconversion 1899/Tehuantepec Railway Loan 1904) internal debt (5% silver bonds) |
Salina Cruz Port Works |
1899–1907 |
Mexican (federal) government |
£3.3 million |
$33 million (estimated actual payments $24,983,000) |
internal debt (5% silver bonds) |
SOURCES: J. A. Spender Weetman Pearson: First Viscount Cowdray 1856–1927 London: Cassell, 1930, Appx I, pp. 286–90; P. Connolly “Pearson and Public Works Construction in Mexico 1890–1910” Business History 41:4, October 1999, pp. 48–71; A. Rojas Rosales El Ferrocarril Nacional de Tehuantepec 
El Eje Comercial del Mundo? 1893–1913 Tesis de Doctorado, UAM, 2004.
