AUSTRALIAN CABLES.
THE UNEMPLOYED DIFFICULTY. A BANK'S TROUBLE WITH ITS LIQUIDATOR. | Per Peess Association.] Sydnky, April 12 Thero has been a considerable exodus from the ordinal diggings nt Wjalong to the now ru.-li. mlumc lUe if of c<n bo traced for siino ilUt.-mco on Mie .Miif..co, and the speciiiifus sliow splu.idiij tcoM This Day. The report of tho Labor Bureau shows that during tho past six months 8000 men were sent into the country to fossick for gold, and the city had been nearly cleared of the unemployed. About £4000 had been refunded by men whom the Bureau had assisted. Experienced miners regard the Clyde River find a duffer. Speaking at BathurstSirG. Dibhssaid Government would meet the new Parliament about the end of June. He recognised the present House was unfit to conduct the business of the country. AIELBonBNK, This Day Application was made yesterday for the removal of Priestly, late Manager of tho Federal Bank, from the position of liquidator in the estate, Priestly's evidence showed that £11,000 had been taken from the suspense account, to buy the bank's own shares in order to check the falling market. No one suggested such proceeding was illegal. His Honor remarked, " I will tell you honestly what my view is. It is that the transaction was illegal, and it is a question whether it was not also highly fraudulent."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/FS18940413.2.11
Bibliographic details
Feilding Star, Volume XV, Issue 287, 13 April 1894, Page 2
Word Count
227AUSTRALIAN CABLES. Feilding Star, Volume XV, Issue 287, 13 April 1894, Page 2
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