Australian Banking.
♦ [Special to Pbxsb Association.] MELBOURNE, August 15. The new scheme of compromise to be submitted to the shareholders in the Australian Deposit and Mortgage Bank provides that 30 per cent of the indebtedness shall be paid in cash without interest by 1901 t the remaining 70 per cent to be payable in fifteen or twenty yean, with - 8J per cent interest ; that the interest payable out of profits to preference shareholders shall be reduced from 5 to 3£ per cent; that ptab of the extended indebtedness may be paid at three months' notice, and that the directors shall accept deposit receipts at faoe or leaß than face value in respect of calls, mortgages, or Bales of property.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS18950815.2.34
Bibliographic details
Star (Christchurch), Issue 5337, 15 August 1895, Page 3
Word Count
119Australian Banking. Star (Christchurch), Issue 5337, 15 August 1895, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in