RUN ON BANKS
; FAILURE OF BOMBAY FIRM BOMBAY, Oc-t. 11. i A big financial crisis appears to be i developing in Bombay. 1 • The failure of a- leading cotton ■■spinning firm started a rush by do- - positors to three of the leading banks, t and large withdrawals of funds are i reported to have taken place. r The firm which failed has been .in - existence for 40 years. , The .12 mills managed by the com- ; pany are to close down on Friday, thus - throwing 20,000 employees out of work.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18254, 24 November 1933, Page 11
Word Count
89RUN ON BANKS Poverty Bay Herald, Volume LX, Issue 18254, 24 November 1933, Page 11
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