THE MERCANTILE BANK.
London. October 20.
At tho mooting of shareholders of the Mercantile Bank of Australia, tho Official Receiver said there was no nopo of being ablo to recoup the losses, and he was determined to fix the guilt on the responsible persons. Mr Hobson pointed out that the Bank was not registered in London, hence shareholders could not bo held liable for the paymenb of oalls, bub the Receiver stated thab the Court had decided tbab Bnnkt had jurisdiction in regard to the payment of calls, and paymenb could therefore'be enforced.
The motion urging the prosecution of those connected with the management of the institution was amended so as to exclude the London management and include the Melbourne directors and official?.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS18921022.2.12.6
Bibliographic details
Auckland Star, Volume XXIII, Issue 253, 22 October 1892, Page 2
Word Count
123THE MERCANTILE BANK. Auckland Star, Volume XXIII, Issue 253, 22 October 1892, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in