AUSTRALIA'S FINANCIAL RESOURCES.

Evening Post, Volume L, Issue 125, 23 November 1895, Page 2

A USTR ALIA'S FINANCIAL RESOURCES.

«. TpBESB ASSOCIATION.! Melbourne, 22nd November. The Ari?us, commonting ou tho Australasian banking returns, says the remarkable feature is tho splendid manner iv which the oalls made by the reconstructed banks are being met, both in tho colonies aud at Home. In IS9O, tho market value of tho total paidup capital of .£17,500,000 was £35, 7 a'), 000. The crisis swept away nearly tho whole of this market value as well as nearly the wholn of the dividend distribution, oxceoding £2, 000,000 a yoar ; yot with the exoeption of a few casos tho shareholders responded to tho hoavy calls in a manner unprecedented in financial annals. Up to Septombor last oalls totalling iJ3,090,000 had been mado, aud over .£3.830,000 had been aotnally paid. It is no exaggeration to say, adds tho papor, that tho restoration of tho pub'.ic oredil of tho colonies, and tho confident feoling now existing at Homo that they will weather the financial storm, are almost entirely duo to tho admirable manner in which tho bank shareholders have mot their liabilities. Who caros whether Hon.'W. P. Reeves ia to be Agent-General, whether Oeo. Fisher or O. Luke ia to bo Mayor, whether Sir Patrick Buckloy is to bo Judge, whether Mr. Gu'nnoaa is to be Attornoy-Genoral, whether Mr. Pinkorton or Mr. Tanner is to be Miuiator of Labour, provided they aro able to proouro Cameron a Ascot T/obaojo, tho smoker's luxury and friond.— Advt.