... Transvaal State will be liable for the balance of the debts for which the South African Republic was liable at the date of annexation, to wit, the sum of 48,000l. in respect of the Cape Commercial Bank Loan, and 85,667l. in respect to the Railway Loan, together with the amount due on 8th August 1881 on account of the Orphan Chamber Debt, which now stands at 22,200l., which debts will be a first charge upon ... — Impressions of South Africa • James Bryce
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