THE BIRKBECK BANK
SHAREHOLDERS NOT LIABLE TO DEPOSITORS. By Telegraph—Press Association—Copyright. LONDON, July 12. The High 'Court has ruled that the hanking business of the Birkbeck Bank was ultra vires, and that the shareholders are not liable for the losses of depositors, whose only claim is against the assets. A previous cable message stated that the Bank of England advanced_ four millions to the Birkbeck Bank, which, it was understood, would pay depositors ten shillings in tho pound.
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Bibliographic details
New Zealand Times, Volume XXXIII, Issue 7852, 14 July 1911, Page 1
Word Count
78THE BIRKBECK BANK New Zealand Times, Volume XXXIII, Issue 7852, 14 July 1911, Page 1
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