BANK DEPOSITORS.
MELBOUBNff, June 17. At a meeting of depositors in the Colonial Bank tf Australia, a scheme for rearrangement waa adopted, This provides for a reduotion la the rate of interest from 4$ per
cent to 2 J or 2 per oent if earned for a period of five years, aud thereafter at the ourrenb rate, with an extension of time for prinoipal moneys J the deposit reoeipt holders to be tv represented by three members on ths Direo- * torate nntil every obligation to the depositors *" is met. The ordinary shareholders are not I to reoeive anything while the preferential X shareholders remain in the same position as . in the original scheme.
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Bibliographic details
Colonist, Volume XXXVIII, Issue 8277, 18 June 1895, Page 3
Word Count
113BANK DEPOSITORS. Colonist, Volume XXXVIII, Issue 8277, 18 June 1895, Page 3
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