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.
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.
The tctal absence of easy means of communication, the high rates of transport, and the scarcity of fuel and water in the mineral districts made profitable operations impossible, and the corporation liquidated in f 894, after having expended a large sum of money.
