SOUTH AUSTRALIA.
The Commercial Bank has submitted a statement of its position to the shareholders, with a view of changes in the management. The late losses absorb the profits of the halfyear, and take £35CD from the reserve fund. The increase of revenue for the September quarter is £87,506. The Customs yielded £136,000; Kail ways, £1.02,000 ; Lands, £150,000.
The Sorata's position is little changed. She is hopelessly stranded, and it is stated it will cost more to get her off than the vessel is worth, although the hull has not received much additional damage.
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Bibliographic details
Star (Christchurch), Issue 3894, 11 October 1880, Page 3
Word Count
94SOUTH AUSTRALIA. Star (Christchurch), Issue 3894, 11 October 1880, Page 3
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