BANKING NEWS.
— «* London, March 5. The- Assets Company which was formed after the failure of the Oriental Bank is offering to purchase the deposits of the Commercial Bank of South Australia, which has suspended payment. The directors of the Bank of Australasia have declared a dividend for the half year at tho rate of fifteen per cent, per annum, the sum of twenty-two thousand pounds (£22,000) being brought forward and carried to reserve. The weekly report of the Bank of England gives the proportion of reserve to liabilities as 46 per cent, being three per cent, lower than last week. Tho total reserve in note 3 and bullion is £14,400,000, a decline of £900,000 during the same period.
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Bibliographic details
Poverty Bay Herald, Volume XIII, Issue 4519, 6 March 1886, Page 2
Word Count
118BANKING NEWS. Poverty Bay Herald, Volume XIII, Issue 4519, 6 March 1886, Page 2
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