THE FINANCIAL CRISIS IN AUSTRALIA.
(PER PBEI3S ASSOCIATION.)' 'J* SYDNEY, May <L There is a feeling of, greater security in financial circles. - * .- ♦ - At a meeting ..of eharehpldeiLj Mod depositors of the Australian jofot*|tt|ek Bank, the chairman. (innouWed that if tfii. other banks had promised the assistant which was asked, frr tojhe extentf'ofj^ f million, or po«sibly three niijlipnj.toif'^ panic would have been averted, .aod^jiJy a small portion of the. stun; agkas£pr would have been required ; bat ,»• assistance was declined owing; {*?■ *»° e amount being co large, and nou"6*)|o <sbori. Jo was proposed to cult ayftQe&fc share, payment to extend over frrtlva months. The scheme was unanimoatiy adopted. Owing to the recent sniptarioait maey merchants had to give aocommodatiabto their customers to-tfay. j ' " MELBdUENE,M»y4. At a meeting' of depositors and ribire- * holders in the National Bank of Australatitj a resolution was carried agreeing tyr the proposal foi reconstruction of^ftta institution. ■ < ••T\?f
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Bibliographic details
Hawera & Normanby Star, Volume XX, Issue 2419, 5 May 1893, Page 2
Word Count
149THE FINANCIAL CRISIS IN AUSTRALIA. Hawera & Normanby Star, Volume XX, Issue 2419, 5 May 1893, Page 2
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