CITY OF MELBOURNE BANK.
[pan PEKBB ASSOCIATION.- COPYB—KHT.]
(Received August 10, noon.)
M___OTm-_, This day,
The Age states that tho suspension of tho City of Melbourne Bank will not materially affect local interests The result which had long been previously anticipated in finanoial ciroles, will be most seriously felt in tho country districts, where large sums had been advanced on mining plant, and on calls to oome in. If the borrowing companies cannot trausfor the loans, in some instances thny will havo to wiud up. There aro strong hopes tint arrangements will be made to re-open tlie bank.
Tho Argus doubta whether the British creditors have taken tho wiassl course in closing tho City of Melbourne Bank, aud says thero is no use blinking tho fact that the confidont multitude of Hcottioh depositors iv the Auatralian institutions has brought more disaotroua results to Scotland than the closing of the ill-fated City of Glasgow Bank.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DTN18950810.2.33
Bibliographic details
Daily Telegraph (Napier), Issue 7440, 10 August 1895, Page 3
Word Count
154CITY OF MELBOURNE BANK. Daily Telegraph (Napier), Issue 7440, 10 August 1895, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in