ENGLAND.
(Received July 25, 7.30 p.m.) LONDON, July 24. A meeting at Edinburgh oi the de-benture-holders in the Australian Deposit and Mortgage Company favorably received the proposed scheme of re-arrange-ment. A committee was appointed to consider the details, and the meeting ad* journed for a fortnight. (Received July 25,10 p.m.) Jnly 25. Mr Stewart, liquidator, commented ■trongly on advances made by the City of Melbourne Bank to Mr Jamec, of the Melbourne locomotive works. He also stated that Mr Longmnir, deceased, bad an overdraft of £20,000. Mr Loder defended the board's action saying it was unfair to judge the value of securities by tbe present depressed state of things. Mr Yonng explained the scheme of reconstiuctbn and advocated its adoption, bat nobody else supported it. Several creditors advocated liquidation. Toe following is the res alt of the Liverpool Cap:—Bushy Park 1, Gazzettei 2, Sancbo Panzi 3.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBH18950726.2.12.1
Bibliographic details
Hawke's Bay Herald, Volume XXX, Issue 10057, 26 July 1895, Page 3
Word Count
146ENGLAND. Hawke's Bay Herald, Volume XXX, Issue 10057, 26 July 1895, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in