COMMERCIAL NEWS.
♦- (/*.r l'n." J>v-''<!/'• «.— < '• •/•/'**/*//» •*.) I Rowseil Nov. 2*. at 10.: t.i a.m.) li"M>oN. Nov. 27. At a meeting of the shareholders of th ■ Kngli-di Scottish mid Australian Hank the r* port was adopted and tile ani'-!es of association were altered in conformity with the Act. Mr 11-gan said th-re need be no fear for the future of tlie bank, as the new busings would 1"' .-.rrictly confined to legitim.it- banking. The report of the Queensland Investment Company shows a d bit balance for the year of l':}2*2, making a total debit of 1*1*1;-!. This i> stated as bein I ,' the result of a large amount of unproductive properties. The report states that the funds in hand are suilicient to licet the debentures maturing during the next ten .years, and that the financial difficulties are complete!; o i >e. At a in< t the Agency Land and Finance 1 ompany of Australia, Limited, ( u 1 1 i-.>i•• i:- ~t. chairnian. said tn. pi"i*iits amount to t*2H.OI.S. Nearly ±"J2.000 of calls were in arrears in Australia. 11;.•••rived Nov. '2B. at 11 a.m.) The Fnglish wheat market shows a genera,! advance of (id. The continental tmuUi't has an upward t-ndency. and the American is advancing with inert ased firiuin -s. 'l'll- decline in the American visible supply is responsible for the hardening uuulencv.
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Bibliographic details
Hastings Standard, Issue 183, 28 November 1896, Page 3
Word Count
221COMMERCIAL NEWS. Hastings Standard, Issue 183, 28 November 1896, Page 3
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