THE BANK FAILURES.
* POSITION OF THE CHARTERED BANE. [UNITED PB3SS3 ASSOCIATION. ] Received April 14, 1 a.m. London, April 13. Tha British deposits m the English, Soettiah and Australian Chartered Ban* amount to £850,000, which ia *beut equallj dividad between the three kingdoms. The Bank's solicitors have baen iastruoted to petition the court for liquidation, with a view to proteofc the assets. A meeting of sh&reholders.is to bo called immediately to consider matters. An eminent London expert ie preparing a schema for tha reconstruction of the institution. The Directors believe the capital reserve is m tact, and unless affairs m Australia ar« found to be m an utterly chaotic state thera will b 9 a surplus of moro than a million. The pre«snt liability is eat down at— Current accounts, £906,000 ; fixed dsposits, £4,058,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MEX18930414.2.9
Bibliographic details
Marlborough Express, Volume XXIX, Issue 86, 14 April 1893, Page 2
Word Count
133THE BANK FAILURES. Marlborough Express, Volume XXIX, Issue 86, 14 April 1893, Page 2
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