BANK FAILURE
STATEi AID FOR DEPOSITORS
CANADIAN HOME BANK AFFAIR,
(UNITED PRESS ASSOCIATION—COPIRWHI.) (SIDNST SON CABLJ.) ■ . , (Received 20th June, 10 a.m')
m .. CT OTTAWA, 28th June. / When the, Home Bank failed laSfc year, thousands jO f - small depositors lost all they owned. Parliament has now passed a compassionate vote of 3,000,000 dollara, which all the depositors havine deposits of 500 dollars or less in the bank at the- time of the failure will xeceive 35 per cent, of the amount. -Larger depositors will have to prove straitened circumstances before they can benefit Some time ago the directors of the Home Bank were convicted and given sentences of from one to ten years. Yesterday the Appeal Court quashed the convictions on a technicality.
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https://paperspast.natlib.govt.nz/newspapers/EP19250629.2.40
Bibliographic details
Evening Post, Volume CIX, Issue 150, 29 June 1925, Page 5
Word Count
122BANK FAILURE Evening Post, Volume CIX, Issue 150, 29 June 1925, Page 5
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