NEW SOUTH WALES.

Daily Telegraph (Napier), Issue 6739, 22 April 1893, Page 4

NEW SOUTH WALES.

Sydney, April 21. Although tho recent failures have caused uneasiness it was not until the announcement of the suspeu-don of the Joint Stocl Bank that anything approaching alarm w*i folt among the public To-day, however the Savings Bank of New South Walei camo in tor a large share of attention. Thi; institution was subjected to a heavy rut somo eighteen months ago, and to-day'i run was not quite as bad aa tho former ono but this was probably the result of a proclamation issued by the Government guaranteeing that ail depositors would be paid bj the Government if such course were necessary. George-street, in which several leading banks are situated, was crowded witt peoplo to-day, and for a timo the excitement was intense. There aaust have been a very large number of withdrawals, but no official information or that point is forthcoming. The banks interested state that there has been a slighl run, but nothing serious. As the closing hour approached matters quietened down. An impdrtart conference was held this afternoon between representatives of the Government and of the Bank of New South Wales and other banking companies. The Government offered every assistance in their power to maintain the credit of solvent institutions. Do-pito the run, deposits were lodged in tho JS'ew L'outh Wules Savings Bank to the extent of £11,000, while tho Post Office Savings Bank benefited to the extent of _£'__.'..,000. The safes in the Sydney Safe Deposits Company's premh.es wero at a premium, o*iug to a number of firms who withdrew coin from the banks and placed it in these private safes. The execution of the man Makin for child murder is postponed for three months in order to peimit an appeal to ba made to the Privy Council.