VICTORIAN BANKS.
Melbourne, this day,
The Bank of Victoria announces to-day that it will on May 14th pay off the whole o( Iba deferred deposits. On the came date the National Bank of Australasia will release ono-fifth of the deposits of creditors of the old National Bank. This will reduce tho deferred obligations of both institutions to something over four millions. Since reconstruction in 1893 the total reduction of deferred liabilities, including the present payment, has been : — National Bank, £5,500,000 ; Bank of Victoria, £'2,500,000.
The half-yearly report of the Land and Mortgage Bank of Victoria shows a neb loss of £8,840. The general manager has been sent to London to confer with the debenture holders, and try and arrange a reduction in the rate of interest.
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Bibliographic details
Auckland Star, Volume XXVII, Issue 27, 1 February 1896, Page 5
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126VICTORIAN BANKS. Auckland Star, Volume XXVII, Issue 27, 1 February 1896, Page 5
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