BANKING AFFAIRS.
Pren A_w__Uon—Kleotrio Telegraph—Copyright. London, May 12.
At a meeting of the Scotch depositors in the Australian Joint Stock Bank the re-construction scheme was approved by 81 votes to 13.
The Mortgage Insurance Corporation offers to insure deposit receipts, but prefers that the shares of the reconstructed banks should be on the former terms, unless a higher rate of interest is paid.
The Australian Banks have raised the rate of exchange a half per cent.
The Daily News urges that independent experts in England should audit the accounts of the Banks which have reoently suspended payment, and also of tho Colonial Governments.
The amended scheme for the reconstruction of the English, Scottish, aud Australian Chartered Bank has been approved.
The shareholders and depositors of the National Bank of Australasia will consider a scheme for the re-con-struction ot that institution ou Thursday next. May 13. The manager of the Standard Bpik haa had a conference with the depositors in Edinburgh, aud as a result they have agreed to renew their deposits in the institution for seven years.
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Bibliographic details
Press, Volume L, Issue 8483, 15 May 1893, Page 5
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177BANKING AFFAIRS. Press, Volume L, Issue 8483, 15 May 1893, Page 5
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