AUSTRALIAN NEWS.

Feilding Star, Volume XIV, Issue 42, 24 September 1892, Page 2

AUSTRALIAN NEWS.

(per press association.) Melbourne. September 23. Sir Matthew Dayies, of the Mercantile Bank of Australia, denies that he has made any priyate provision. He declares that be was worth a million ster* ling four years ago, but at present avery shilling is locked up in the com* panics in which he is interested. This Day. There is wide spread uneasiness occasioned by the discoyery of contingent liability for uncalled capital in eotue limited liability companies has been wiped off for debtors for nominal payments. The practice is said to have attained large proportions. Sydney, This Day. It is stated that if Kemp is anxious for a match, Sullivan is willing to row him for £500 a-side within four weeks. Brisbane, This Day. A Bill has been introduced into the Legislative Assembly, requiring Fire and Life Insurance Companies to deposit security with the Government for the fulfilment of their obligation. The local Fire Insurance Companies will require to deposit security to the amount of £5000 each, foreign Fire Insurance Companies £10,000 each, local Life Insurance Companies £10,000 each, foreign Life Insurance Companies £20,000 each. A deputation of representatives of Insurance Companies has been appointed to wait on the Government, urging in lieu of the present measure the substitution of a Bill based on the provision of the Bill introduced by the Government of New Zealand.