LATER PARTICULARS.

Feilding Star, Volume XIV, Issue 123, 6 April 1893, Page 2

LATER PARTICULARS.

Sydnby, April 5. If. i.« undorxtood (he Commerciul Bnnk hiul Ll 5O.(iOO of GoTernment funds. The Lnndn and Mines Departments and Hcvrrnl minor departments transacted him no** tlirml^h Uik hunk Financiers nre of opinion that the Imnk possesses a good surplus and that its suspension will cnlnil no loss. This Dar, I'ntitions for the liquidation of the Commercial Isank have been filed in .Sydney, limUno, ami Adelaide. Tho Now Houlh Wnlea Cavalry Regiment tiro snffV;rera by the failure of the Commercial Lank. The team sent Home took draftß npon it and will land in England penniless. There is no reason to fear the stoppage will aflect the other banka. The Government, however, liaa been notified that il any other institution ia threatened the Associated Banks will offer similar assistance to that proffered to the Commercial Bank. Melbourne, Apnl 5. Tbe Chairman of the Commercial Bank states that if the Bank ia forced into liquidation and it* twelye millions worth o\ assets forced on the market, shareholders will bare to pay np tbe uncancelled capital and Ret nothing in return. He declares there are only two courses open — liquidation or reconstruc tion. The first means entire loss, while to adopt tbe latter course will not incur the loss of a shilling. ADKLAIDE, April 5. Business is inconvenienced by tbe stoppage of the bank. The local liabili ties are L 395.000 and tbcaucts L-533,000