The Feilding Star. SATURDAY, APRIL 8, 1893.
The news from England in connection with the suspension of the Commercial Bank of Australasia, is somewhat re assuring. We are told that the depositors in London remain quiet, but they intend to seek the protection of the English Courts, winch is a very vague expression that may mean anything or nothing. The attitude of the Scotch depositors is temperate. The assurance given by Mr David George, the Secretary of the Rank of New South Wales, who is a gentleman of high standing, and a recognised authority on finance from his position and abilities, that the other banks will not permit the failure, and that any reasonable proposal for reconstruction will be accepted, also by the management of the Bank in London that the .shareholders will be the only sufferers, must exercise a most beneficial influence in the direction of quelling the fears of those who have much at stake. There can be no question that by the reconstruction of the bank there will be a possibility, nay, almost a certainty of the whole of the depositors being paid, and even of the unfortunate shareholders having the proportion of their several losses reduced. If the bank goes into liquidation the ruin will be absolute.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/FS18930408.2.5
Bibliographic details
Feilding Star, Volume XIV, Issue 124, 8 April 1893, Page 2
Word Count
211The Feilding Star. SATURDAY, APRIL 8, 1893. Feilding Star, Volume XIV, Issue 124, 8 April 1893, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in