MONETARY AND COMMERCIAL.
Consols for money, 86 £ to 86£. . Consols for account, 76| to 7*6f . Bank rate of interest, 10 per cent. Various opinions are expressed with regard to Bank Directors not reducing the rate of discount, but a general belief prevails that they have been guided by a sincere desire to uphold the substantial interests of the country. COLONIAL GOVERNMENT SECURITIES. New South Wales five per cents., 1866, no quotations. New South Wales five per cents? 1871-76, 92 to 94. ' Victoria six per cents., 102 to 104. New Zealand five per cents., 94 to 96. Queensland five per cents , January and July, 96 to 98. South Australian five per cents., 1878, and upwards, no quotations.
Total liabilities of the Agra aud M aster mail's Bank are stated to be L 7,906,892, and the assets arc estimated at L 9,058,497.
The Board of Trade returns for the month present favorable results. Exports to Adelaide and New Zealand show a marked decrease. Foreign .Exchanges are unsettled, owing to Continental war, — especially between Holland and Austria ; but public feeling in England in money matters is improving.
The principal failures that have occurred since 10th of May are the following :—: — Overend, Gurney and Co. Peto and Betts. W. Sprighton. English Joint Stock Bank. Consolidated Discount Company. Imperial Mercantile Credit Association.
Commercial Bank Corporation of India and the East. Fernie Brothers. Hallet and Ormnney. Gellatley, Hankey, and Sewell. European Bank. New Zealand Banking Corporation. Sneide Brothers. S. B. Frange and Co. Robinson, Conyton, and Co. Kingston, Sutherland & Co. Holdeinesa & Chiltern. Doult, English and Branoton. Duff, Caded and Co. Tho Consolidated Bank. M'Culloch, John and Co. H. Cox and Co. Esthoven and Sons. Agra and Masterman's Bank. James Baines and Co. D. M. M'Kay and Co. Saint Colombo and Falmouth Bank. Uuniversal Banking Corporation,. William Rattray and Co. Price, Marryatt, and Co., King William street.
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Bibliographic details
West Coast Times, Issue 283, 20 August 1866, Page 2
Word Count
310MONETARY AND COMMERCIAL. West Coast Times, Issue 283, 20 August 1866, Page 2
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