At the close of the war with Chile there was an indemnity debt due to citizens of that republic of 6,550,830 bolivianos, which had been nearly liquidated in 1904 when Chile took over the unpaid balance.
A fourth of this sum was to be handed to the communes to be employed on works of beneficence or education as soon as a surplus was obtained from that part of the annuity assigned for the payment of monastic pensions; and in Sicily, 209 communes entered on their privileges as soon as the patrimony was liquidated.
In 1848 the two London loans and accumulated interest were covered by a new loan of £3,736,400, and the home debt was partially liquidated, the sale of guano giving the treasury ample resources.
The coal deposits, which are of somewhat indifferent quality, have been worked with varying degrees of failure by a succession of companies, one of which, the Labuan & Borneo Ltd., liquidated in 1902 after the collapse of a shaft upon which large sums had been expended.
The general opinion is that if Russian capitalists had not been interested in the enterprise the company would have liquidated long ago.