Failure of Another Bank
(PKR PBESS ASSOCIATION.) London, June 9. The New Oriental bank suspended payment at six o'clock to-night. The immediate cause of the suspension is that the institution has three-quarters of a million pounds locked up in land and property in Melbourne and half a million in land in the Mauritius. Application has been made to the Bank of England for assistance but the decision of the Directors has been adjourned until tomorrow.
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Bibliographic details
Feilding Star, Volume XIII, Issue 147, 9 June 1892, Page 2
Word Count
75Failure of Another Bank Feilding Star, Volume XIII, Issue 147, 9 June 1892, Page 2
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