Australian Banks
.» . I.PKK FBKSS ASSOCIATION.] Lojtdon, June 19. Judge Williams hns authorised the reopening of the Australian Joint Stock Bank on the London directors giving Mr Vtewart, the official receiver, a receipt for the assets. The Bank of Victoria and Commercial Banking Company of Sydney have reopened, and are paying many drafts, otherwise business is quiet. MuLBorBNK, Thi« Day. The Court has sanctioned a scheme for the reconstruction of the Colonial Bank of Australasia subject to several amendments. The Full Court dealt with the appeal against the reconstruction scheme of the Commercial Banking Company of Sydney, but with the exception of making Cor. poration's Trusts leave a third of deposits with the Bank for ten years, thus putting them on a similar footing with those com- j pelled to take preferential shares, and making the directors enforce calls, they left the scheme practically as sanctioned by the Chief Justice.
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Bibliographic details
Feilding Star, 20 June 1893, Page 2
Word Count
149Australian Banks Feilding Star, 20 June 1893, Page 2
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