ENGLISH, SCOTTISH, AND AUSTRALIAN BANK.
LONDON, November 24.
An extraordinary meeting of shareholders oi the English, Scottish, and Australian Bank has unanimously agreed to the proposal of the directors to write oil" £10 credited as paid up on shares in 189.3. Mr C. J." Segan, the Chairman of directors, stated that the bank had lost many accounts owing to competition, especially from the Government State Bank. The directors never contemplated a call, and if the season had been good the reduction of capital would not have been necessary. The sum of £431,550 applied to nearly 500 accounts in the town and country districts of all the colonies.
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Auckland Star, Volume XXVIII, Issue 275, 26 November 1897, Page 5
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107ENGLISH, SCOTTISH, AND AUSTRALIAN BANK. Auckland Star, Volume XXVIII, Issue 275, 26 November 1897, Page 5
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