PROPERTY IN CUBA.
A BLOW TO FOREIGNERS. BILL NOT TAKEN SERIOUSLY. Received February 23, 5 a.m. NEW YORK, February 22. It is officially reported from Havana, the Cuban capital, that the Bill introduced in the House of Representatives thore, relating to foreign property has not been taken seriously, and that it receives no approval or sympathy. Foreign capital, states the report, is assured of the Cuban-Government's most efficacious protection.
It was stated by the "New York Herald" that a Bill had been introduced into the Cuban House of Representatives prohibiting .foreigners from owning property in the island. It provded that any transaction now in progress will be suspended. Americans have£ 30,000,000 invested in Cuba, and there is much British capital invested in the railways. Cuba is considerably the largest of the West India Islands, and lies between Florida, and the Carribbean Sea. It vas a Spanish possession from the,time of its discovery iill, by the Treaty of Paris, December 10th, 1898, after a war with the United States, it was relinquished by Spain and became an independent State under American suzerainty. A Constitutional Convention assembled in November, 1900, and adopted a constitution providing for a.republican form of government, with a President, Vice-President. Senate, and House of Representatives.'Thereupon the United States Congress authorised the transfer of the government to the people of Cuba on condition that (1) no treaty should be made with any other foreign Power impairing the independence of Cuba or allowing military or naval occupation of the island; the United States should have the right to intervene for the discharge of her obligations under the Treaty of Paris; (3) the United States should have certain naval stations (at Bahia Honda and Guantanamo). The formal transfer of the government to the Cuban authorities took place on May 20th. 1902. A reciprocity treaty with the United States was signed (December 12th, 1902),. and is to continue in force for five years. Itallowd2o per cent, reduction on all Cuban products, with a 20 per cent, preference to Cuba if similar treaties were made by the United States with othfir countries. An average reduction of-'3O" per cent, was made on American products entering Cuba. An insurrection broke out in August 1906, and led to American intervention, and the appointment of Mr C. E. Magoon as Provisional Governor. In 1907 fre3h elections were held, and the restoration of Cuban autonomy was granted early this year.
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Wairarapa Age, Volume XXXII, Issue 3122, 24 February 1909, Page 5
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402PROPERTY IN CUBA. Wairarapa Age, Volume XXXII, Issue 3122, 24 February 1909, Page 5
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