AUSTRALIAN TELEGRAMS.

Taranaki Herald, Volume XL, Issue 9256, 4 December 1891, Page 2

AUSTRALIAN TELEGRAMS.

Adelai c, November i. In the House of Assembly a motion was carried that with a view of experiment in settling the Northern Territory, fifty Indian labourers, with their families, should be attained. Meluourne. December 3. The Metropolitan Bank announces that it must suspend payment owing to a run by depositors, and the Associated Banks declining to assist the institution. The actual present position o! the bank has not been disclosed, although the directors declare that when tho assets are realised there will be ample funds to cover all demands. The Bank has agencies in Edinburgh and London. According to the balance-sheet to the end of June, the capital of the institution was a railion sterling, and a subscribed capital of £650,000, of which £380,000 was paid up. Deposits amounted to £835,000 ; reserve, £100,000. The amounts due to other Banks was £69,000. The other liabilities were set down at £58,000, making the total liabilities £1,481,000. Assets, including mortgages, £7,245,000 ; freehold property, £221,000. Melbourne, December 4. The Standard Bank, which has an agency in London, suspended payment at midnight, The balance-sheet submitted in August last shows the subscribed capital to be £507,000; deposits, £1,079,060 ; reserve, £100,000. The assets include : — Uncalled capital, £254,000 j advances, £133,900 ; and other securities, £92,000. Sydney, December 3. Joseph Waterhouse, late accountant of the Commercial Bank, was to-day sentenced to four years' penal servitude for missappropriation funds of the institution in March last. Waterhonse levanted from the colony, and was subsequently arrested in Londdn. Sydney, December 4. At the conclusion of Messrs Smith and Barton's speeches, Mr Reid will give notice of a direct attack on the Government policy. The House has adjourned until Tuesday. Brisbane, December 4. The Marine Board has found that the third officer of the steamer Eurembla was to blame for the collision with the barque Lismore off tho Redmond river, on November 2nd, and in winch Captain White and Shephard, the cook of the latter vessel, lost their lives.