Panama Sugar Co. - 1922 dated $1,000 Sugar Refining Panamanian Bond
Inv# FB6801 Bond
$1,000 7% Bond with revenue stamp and coupons attached. A sugar refinery is a refinery which processes raw sugar from cane or sugar extracted from beets into white refined sugar. Cane sugar mills traditionally produce raw sugar, which is sugar that still contains molasses, giving it more colour (and impurities) than the white sugar which is normally consumed in households and used as an ingredient in soft drinks and foods. Raw cane sugar does not need refining to be palatable. It is refined for reasons such as health, color, and the requirement for a pure sugar taste.
Raw sugar is stable for transport and can be from mills to locations for processing into white sugar. Cane sugar mills / factories often produce a partially refined product called 'Plantation White' for their local market, but this is inferior to white sugar made by refineries. Beet sugar factories can also produce raw sugar, but this has an unpleasant taste. There is no separate raw sugar stage to the process; the sugar extract from the beet is, after cleaning, crystallised directly into white sugar. Read more at https://en.wikipedia.org/wiki/Sugar_refinery
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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