THE MERCANTILE BANK.
REVELATIONS OF QUEEE FINANCING f UNITED FRESS ASSOCIATION. I (Received August 18, 0.10 p.m.) Melbourne, This Day. The report of the Committee appointed to investigate the affairs of the Mercantile Bank reveals some queer financing, and shows that as far back as 1389 the Bank was past redemption. The losses directly attributable to Sir Matthew Davies and his co-directors are .£659,000 out of .£1,830,000, the balance of which is principally duo by companies in which Sir Matthew is largely interested. It is estimated that the shareholders will lose .£512,000 of the first-named sum.
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Bibliographic details
Evening Post, Volume XLIV, Issue 42, 18 August 1892, Page 2
Word Count
96THE MERCANTILE BANK. Evening Post, Volume XLIV, Issue 42, 18 August 1892, Page 2
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