AUSTRALIAN NEWS.
LPSR UNITED PItESS ASSOCIATION, j Sydney, December 3. Joseph Waferhouse, lute accountant of the Commercial Bank, was to«day sen fenced lo four years' penal servitude for misappropriating the funds of the institution. In March last Waterhouse le* van ted from the colony and was subsequently arresttd in London. December <t. Messrs Hadfield, O'Neill, Low and Sydney, four directors of the Norlhum« borland Banking Company, were arrested to-day on a charge of conspiring to defraud. Melbotjbnk, December 3. The Metropolitan Bank annouuees that it must suspend payment, owing to tbe run by depositors. According to the balance-sheet to the end of June Ihe capital of the institution was a million sterling and the subscribed capita], L 650.000, of which L 389.000 was paid up. Tlio deposits amounted to L 835.000, and the reserve to LIOO.OOO. The amount due to other Banks was L 69.000. Other liabilities were set down at Loß,ooo, making the total liabilities L 1,481,000. The assets, including mortgages, 1,245,000, and freehold property, L 221.000.
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Bibliographic details
Feilding Star, Volume XIII, Issue 68, 5 December 1891, Page 2
Word Count
168AUSTRALIAN NEWS. Feilding Star, Volume XIII, Issue 68, 5 December 1891, Page 2
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