THE FINANCIAL F AILURE
The Bank Heavy Losers. (BY ELECTRIC TELEGRA.PH — COPYRIGHT) fREUTER's TELEGRAMS.) London", February 2. It. lias transpired that Thomas and Son, stock-brokers, who have becomo defaulters for the amount of £800,000, have defrauded the London Chartered Bank of Australasia to the extent of £120,000 by wholesale appropriation of the securities belonging to the Bank's customer.?. ' Melbourne, February 2. The Melbourne office of the London Chartered Bank of Australasia states that according to London advices the bank's losses by the defalcation of Thomas & Son will not exceed £90,000 more than is covered by the reserve fund, which is invested m Consols apart from ordinary business.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS18840204.2.13
Bibliographic details
Manawatu Standard, Volume IV, Issue 56, 4 February 1884, Page 2
Word Count
107THE FINANCIAL FAILURE Manawatu Standard, Volume IV, Issue 56, 4 February 1884, 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