The Feilding Star. SATURDAY, OCTOBER 17, 1891.

Feilding Star, Volume XIII, Issue 47, 17 October 1891, Page 2

The Feilding Star. SATURDAY, OCTOBER 17, 1891 .

The difficulties of the financial institutions in the Australian colonies seem farther off a satisfactory settlement than ever, and a telegram from London, dated the 14th instant, informs us that Mr Babbage, one of the shareholders of the Bank of South Australia, considers that the recent circular issued by the Directors as to the Bank's position, unsatisfactory, and also that their proposals are alarming. He therefore proposes to move that a commiteee of seven be appointed to make an independent scrutiny of the Bank's position, and report within two months. Mr Babbage is a recognised authority on the management of banking business, and on every other branch of financial affairs, so that there is every probability that his motion -will carry great weight with the other shareholders of the Bank in question, and ultimately be adopted and its provisions carried out. So Dayid Christie Murray has been adjudged a bankrupt — and a lot of objectionable, because obtrusive, creditors want their money. He came to the colonies to " make a rise " to pay his English debts, but the fates were against him. In fact the colonists were not such gudgeons as he hoped to find them, and he "went empty away," although not quite like " the rich."