MONETARY AND COMMERCIAL.
London, May 27. The money market has undergone several fluctuations. The two Banka of England and France held on May 23rd upwards of £32,000,000 of gold. The rate of discount is lower.
Colonial Government Securities. — New South Wales fives, 1871 to 1876, 96. Victoria sixes, January and July, 94^- to 95^ (P), | New Zealand sixes, 104 to 105. South j Australian sixes 1878 and upwards, 105 to 107. The creditors of Dent & Co., of Chirm, agreed to receive a composition of 2s. 6d. in the pound. The Oriental Bauk Corporation's tender for the New South Wales Government loan was all subscribed in two days. The annual meeting of the creditors of the New Zealand Banking Corporation was unsatisfactory. The Bank of London's dividead has been announced at 14s. 6d. in the pound since the suspension. There great distress in Cornwall owing to the stoppage of several mines, but the price of metals is now improved. Messrs. Fraser and Co., American merchants in Liverpool, have failed with liabilities of a million sterling. The subsidy received by the Messagerxes ' Imperiale Company is four times more than that of the Peninsular and Oriental Company.
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Bibliographic details
Hawke's Bay Herald, Volume 11, Issue 861, 27 July 1867, Page 3
Word Count
194MONETARY AND COMMERCIAL. Hawke's Bay Herald, Volume 11, Issue 861, 27 July 1867, Page 3
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