This 4% Gold 1911 loan was intended for the construction of federal railways in the State of Bahia.

Under the terms of the decree of March 1911, the Federal Government was authorized, in order to pay the Compagnie Viaçao Geral da Bahia, responsible for carrying out the work, to issue securities with a nominal value of 500 francs at 4% gold interest. 

The payment of interest on these bonds was to be made, in the form prescribed by the Minister of Finance, at Rio-de-Janeiro, London, and Paris.

VF condition, with coupons