"AGE" SPECIALS.

Nelson Evening Mail, Volume XX, Issue 56, 8 March 1886, Page 2

"AGE" SPECIALS.

(Per Ringarooma at the Bluff.) London, February 25. The protest sent by cable by the Chief Secretary of Victoria, Mr Deacon, on behalf of the Victorian vignerons against the restrictions proposed to be placed on the sale of Australian wines at the Colonial and Indian Exhibition has been forwarded by Mr Murray Smith, the Secretary for the Exhibition, to the Royal Commission. The Daily JVe?vs commends the refusal of the other local banks under the circumstances to assist the Commercial Bank of South Australia. The Standard expresses the hope that the disasters which have befallen this Bank will be a warning to other institutions to confine their business to legitimate banking, and not to make recldess advances on inadequate securities. February 26. The Standard,' in a leading article to-day, declares that the continued seclusion of the Queen must prove disastrous to the monarchy. The Standard, referring to the apparent surplus assets over liabilities sbown by the Commercial Bank of South Australia, predicts that bhe assets will liquidate badly. Th. price of shares in the Bank of South Australia has fallen £2. Australian wines are to ba sold ab the Colonial and Indian Exhibition by each colony in its Court under the control of iha Commissioners. The rate charged will be an advance of 10 per cent ou growers' prices to cover expenses. The intelligence of the suspension of payment by the Commercial Bank has seriously alarmed English depositors, who are expressing their anxie.'y to receive full details of the position of affairs. The Economist expresses the opinion that public confidence in Australian securities remain unshaken. March 1. Mr Broughton, formerly deputy master of the Melbourne branch of the Royal Mint, and who was lately suffering from brain disease, is dead.