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BANKS AMALGAMATE
LONDON, August 20. The English, Scottish, and Australian Bank has provisionally agreed to purchase a controlling interest in the London Bank of Australia. Ordinary shareholders of the London Bank will receive five £25 shares in the English and Scottish Bank for every one £22 10s shares held, with £1 cash for each share. Preference shareholders have the option to take the same proportion of shares with £2 cash., or a payment in cash of £l3 for each share. Mr Wren takes charge of both banks.
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https://paperspast.natlib.govt.nz/newspapers/WH19200823.2.26
Bibliographic details
Wanganui Herald, Volume LIII, Issue 160735, 23 August 1920, Page 5
Word Count
87BANKS AMALGAMATE Wanganui Herald, Volume LIII, Issue 160735, 23 August 1920, Page 5
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