The railways redeemed in 1875-1876 had been worked in the interval by the government at a heavy loss.
Having been redeemed by his order in 1596, he spent some years in mission work on the west coast of India, and it was not until 1603 that he again set out for Abyssinia, and landed at the port of Massawa.
Inasmuch as the debenture stocks and preference shares would have to be redeemed in 1911 at premiums ranging from 3 to 5 per cent., the state would have to pay the company £253,000 in excess of the total of the outstanding securities in order to enable the ordinary shares to receive par, and in the council's view this payment would diminish the p robability of the Post Office being able to afford a substantial reduction in the telephone charges.
During the interval between these peaces, Matthias, in self-defence, again made war on the emperor, reducing Frederick to such extremities that he was glad to accept peace on any terms. By the final arrangement made between the contending princes, Matthias recognized Ladislaus as king of Bohemia proper in return for the surrender of Moravia, Silesia and Upper and Lower Lusatia, hitherto component parts of the Czech monarchy, till he should have redeemed them for 400,000 florins.
Part of the Union notes were redeemed, part replaced by 10 lire and 5 lire state notes, payable at sight in metallic legal tender by certain state banks.