THE BANK OF SOUTH AUSTRALIA.
London, January 5.
Mr Stewarb, bhe official receiver, declarea bhe claim of tho Union Bank againsb bhe Bank of Soubh Australia is £550,000, without reckonin_r aboub £200,000 assets which are not yet valued. The Union Bank estimates thab bhe asseba will yield only £50,000, whereaß the liquidators consider, if nursed, they will realise 10s in the pound. It is pointed out bhab since 1885 upwards of £11,000 has been wribten off. Aba meebing of shareholders several strongly denounced bhe Board of Dirccbora.
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Auckland Star, Volume XXVI, Issue 5, 7 January 1895, Page 3
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87THE BANK OF SOUTH AUSTRALIA. Auckland Star, Volume XXVI, Issue 5, 7 January 1895, Page 3
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