CALCUTTA.
Petroleum springs have been discovered in the Punjab, causing great excitement. £520,000 has been granted for the supply of pure water to Calcutta. The damage done by the late floods in the Lower Scinde is estimated at half a million sterling. The famine in Bengal is unabated. Forty thousand sufferers in Calcutta are fed by private charity, and the Government has expended large sums for public works, to relieve the distress ; but heavy gales, with great loss of rice, have caused much destitution. The first telegram 'from New York to India reached Kurrachee in forty hours, but owing to an interruption on the Indian line, occupied a week in transmission to Bombay. The Eoyal Bank of India is to be wound up for reorganization. The Alliance Bank and Western India Finance and Exchange Association are wound up voluntarily. llimachund Royehund have stopped payment, with liabilities amounting to one million seven hundred thousand. Other heavy failures are announced.
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Bibliographic details
Wellington Independent, Volume XXI, Issue 2431, 23 October 1866, Page 6
Word Count
158CALCUTTA. Wellington Independent, Volume XXI, Issue 2431, 23 October 1866, Page 6
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