HOME & FOREIGN CABLES.
| THE AMERICAN GOLD RESERVE. ENGLISH BUSINESS OF NELSON BROS. CITY OF MELBOURNE B\NK. { (Per Press Association). Berlin. June 24. At the Kaiser's request the British ships will remain at Kiel two days after the other squadrons. The Empress of Germany is confined to bed with a chill. London, June 23. Mr Young has made an exhaustive enquiry into the affairs of the City of Melbourne Bank, and will shortly submit a scheme involving the conversion of a considerable portion of the deposits into debenture stock Messrs Nelson Bros, propose to trans fer their English business to a Colonial Distribution Company. The first issue of cnpital will be £300,000. The Times says that if Mr Reid's Budget is adopted in its entirety, all Australia will be constrninei to follow the lead of New South Wales, in order to prevent Sydney monopolising trade, and the paper warns the New South Wales Premier not to be too subservient to the extreme Radicals. Washington, June 24. The gold reserve in the American Treasury exceeds one hundred millions.
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Bibliographic details
Feilding Star, Volume XVI, Issue 301, 25 June 1895, Page 2
Word Count
176HOME & FOREIGN CABLES. Feilding Star, Volume XVI, Issue 301, 25 June 1895, Page 2
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