A CRISIS AVERTED.
A Ran upon a Bank. [rKDTKB’B . TXLIO&iUS—COPYBIOIIT. [Received May 26, 2.15 p.m.] Melbourne, To-day, 10 a.m. A rumor was' widely circulated here on Saturday and Sunday that the London chartered Bank of Australia was about to suspend payment. The newspapers this morning, however, publish a paragraph showing that the Bank is in a thoroughly sound and has a-large balance of assets over liabilities. It is further announced that the Melbourne Manager received a telegram from London on Saturday staling that the Bank has declared a dividend of ,5 per cent, for the last half year and carried L 25,000 to the reserve. Melbourne, 10.15 a.m. There was a considerable rush of depositors this morning to the Londo n and Chartered Bank to withdraw their balances, but it is understood that the Bank is prepared for an emergency. Melbourne, Ham. : The rush on the London Chartered Bank was of no importance, and has now ceased. More money has been to-day deposited than withdrawn up to Jhe present time.
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Ashburton Guardian, Volume V, Issue 1263, 26 May 1884, Page 3
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170A CRISIS AVERTED. Ashburton Guardian, Volume V, Issue 1263, 26 May 1884, Page 3
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