CANADIAN BANK FAILURE
COMPASSIONATE VOTE PASSED DIRECTORS' SENTENCES QUASHED P icea Association-By Telegraph—Copyright. OTTAWA, June 28. (Received June 29, at 9.5 a.m.) When the Home Bank failed last year thousands of small depositors lost their all. Parliament has now passed a compassionate vote of 3,000,000d01, from which all depositors having deposits of SGOdol or less with tho bank at tho time of its failure will receive 35 per cent, of the amount. Larger depositors have to prove straitened circumstances before they can benefit. Some time ago the directors of the Homo Bank were convicted and given sentences ranging from one to ten years. Yesterday the Appeal Court quashed tho convictions on a technical point.—Sydney ‘ Sun ’ Cable.
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Evening Star, Issue 18979, 29 June 1925, Page 5
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116CANADIAN BANK FAILURE Evening Star, Issue 18979, 29 June 1925, Page 5
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