The Foreign Bondholders Protective Council, Inc., has issued its fourth Annual Report for the year 1937 in a volume containing some 790 pages.
The Report shows that during 1937 the Council was concerned with twenty-six situations in twenty different countries involving 254 bond issues of an approximate face value of $1,800,000,000. During the year two temporary adjustments were announced with Poland, two permanent adjustments with China, also permanent adjustments covering Uruguayan national and municipal bonds.