LENNON BROS. & CO.
Twenty Fhc Rroad St. Telephone Broad *7*2.
TO THE HOLDERS
OF
$25,000,000
4,/2cc Sinking Fund Geld Bonds, due 1943
OF THE
"Institution for Encouragement of Irrigation Works and
Development of Agriculture, S. A."
(Caja de Prestamos para Obras dc Irrigacion y Fomento
de la Agriculture, S. A.)
Bonds of the above issue, to an amount considerably in
excess of the percentage required for that puipose under the
Trust Agreement, having been deposited under the Bond
holders' Agreement, we have duly requested The New York
Trust Company, as Trustee, to take appropriate action for
the protection of the rights of the bondholders.
The Trustee, in co-operation with our representative, has
made a preliminary investigation of conditions in Mexico
affecting the rights of the bondholders, and has retained
competent counsel in Mexico to take such steps as may be
deemed appropriate.
In order td enable us to most effectively protect the in
teritts of the bondholders, we strongly recommend that
those who have not done so. deposit their bonds under the
above mentioned Agreement, with The New York Tru?t
Company,^*; Broad Street. New York, as the Depositary.
T!ie time "Tor making such deposit without penalty is hereby
extended up to and includinjf April 15. 1921. After that
date deposits will only be received on such terms and con
ditions as we may determine.
New York, March 3. 1921.
SPEYER & CO.
CADWALADER. WICKERSHAM A TAFT, Counsel.
Important Notice
Subscriptions to Hart Oil at $2.00 per
1 share must be in our hands not later than
12 o'clock noon Saturday, March 5.
Telegraph or telephone your
subscriptions at our expense
L. A. HUGHES & CO.
Authoriied Representatives for
HART OIL CORPORATION
J 100 Broadway, New York Telephone Rector 2853.
