A Probable Banking Alliance.
Mr H. Lucy, the London correspondent of the Sydney Morning Herald, writes under date December Ist as follows. We take the paragraph from the Herald of the 30th ult., and give it for what it may be worth :— "I hear from a private source a piece of news that will be interesting in Australia. It is that a proposal is being discussed for the amalgamation of the Bank of Australasia and the Union Bank of Australasia, with the object of forming a powerful institution which shall be on your continent something like what the Bank of England is with us. My informant is one of the principal directors of the London board of one of the banks — a man whose name is familiar all over the world. He is himself strongly in favor of the projec*, and tells me it finds powerful support at his board. At present the proposal has not got beyond the stage of being talked about. I fancy more will be heard of it before the new year is far advanced."
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Bibliographic details
Feilding Star, Volume XV, Issue 212, 12 January 1894, Page 3
Word Count
179A Probable Banking Alliance. Feilding Star, Volume XV, Issue 212, 12 January 1894, Page 3
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