PENNY BANK INSOLVENT.
OFFICIAL RECEIVER’S REPORT
[UNITED PEESS ASSOCIATION —COPTEA&ECTj LONDON, Nov. 8. The Official Receiver’s statementshows that the National Penny Bank is insolvent. For several years tne investments were shown in the baiance sheet at- cost, whereas they had depreciated £245.48 1 . The managing director in the last- triennium receiver* £7OOO per annum, in addition to premises, coals and light. The BaiiK of England advances depositors os i n tlie £.
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Bibliographic details
Gisborne Times, Volume XXXIX, Issue 3773, 10 November 1914, Page 5
Word Count
71PENNY BANK INSOLVENT. Gisborne Times, Volume XXXIX, Issue 3773, 10 November 1914, Page 5
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