MONETARY AND COMMERCIAL
[Special to Press Association.] [Received June 19, at 10.20 am.] LONDON, June 18. The Bank rate of discount As 8 per cent. At tbe annual meeting of the shareholders of the new Oriental Bank a dividend at the rate of 6 per cent per annum was declared. In their report the Directors admitted that the Bank had lost tbe sum of .£12,000 over the Gatling Gun Company, and that there were possible losses of £BO,OOO in Melbourne and £70,000 in Singapore. PERTH, June 19. A loan of £1,333,000 will bo placed on tbe London market in July. [Received June 19, at 7.45 p.m.J LONDON, June 18. Wool is unchanged. fEeceived June 20, at 12.50 a.m.] PARIS, June 19. The Chamber of Deputies has approved the reduction of corn duties. The new tariff will come into operation on July 10.
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Bibliographic details
Lyttelton Times, Volume LXXV, Issue 9445, 20 June 1891, Page 5
Word Count
142MONETARY AND COMMERCIAL Lyttelton Times, Volume LXXV, Issue 9445, 20 June 1891, Page 5
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