A BANK’S COLLAPSE
CONSTERNATION AMONG DEPOSITORS. Press Association—By Telegraph—Copyright DELHI, April 29. The supension of the Alliance Bank of Delhi has caused' consternation. Thousands of Europeans (individuals and firms) are affected. The bank’s position has been regarded as somewhat shaky for some time, but the Europeans anticipated Government backing to prevent its closing. It is believed that within a few days it will be possible to pav the investors 50 per 'cent, of their' deposits, but no official announcement on this point has been made.—A. and N.Z. Cable.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19230501.2.66
Bibliographic details
Otago Daily Times, Issue 18850, 1 May 1923, Page 7
Word Count
88A BANK’S COLLAPSE Otago Daily Times, Issue 18850, 1 May 1923, Page 7
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in