MONETARY AND COMMERCIAL
[Special to Press Association J WASHINGTON, August 7. Senator Bland will introduce a Bill providing for the repeal of the Silver Purchase Act, and substituting free coinage of gold and silver at a ratio of 16 to 1. Sixteen senators are opposing the repeal of the Sherman Silver Act. SYDNEY, August 7. The Alameda takes £7500 in specie. MELBOURNE, August 8. The Finance Committee of the Metropolitan Board of Works recommends the withdrawal of the balance of the four and a half per cent loan, and the re-issue of a five per cent loan for teu years, with a minimum of 98; tenders to close on Sept. 7. Government proposes to reduce the rate of interest on deposits in the Savings Bank to 34 per cent. The Committee appointed by the English creditors in Goldabrough, Mort and Co.’s estate has unanimously agreed to the modified scheme of reconstruction, with a British representative on the Colonial directorate. BRISBANE, August 8. The Royal Bank of Queensland has reopened.
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Bibliographic details
Lyttelton Times, Volume LXXX, Issue 10111, 9 August 1893, Page 5
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169MONETARY AND COMMERCIAL Lyttelton Times, Volume LXXX, Issue 10111, 9 August 1893, Page 5
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