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British Lions and Mexican EaglesBusiness, Politics, and Empire in the Career of Weetman Pearson in Mexico, 1889–1919$

Paul Garner

Print publication date: 2011

Print ISBN-13: 9780804774451

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804774451.001.0001

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(p.241) Appendix

(p.241) Appendix

Source:
British Lions and Mexican Eagles
Publisher:
Stanford University Press

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 AppendixEl Eje Comercial del Mundo? 1893–1913 Tesis de Doctorado, UAM, 2004.

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