THE ORIENTAL BANK.
London, May 5. In the matter of the Oriental Bank the Court insists that the Corporation liquidates its affairs m England only, and it is estimated that if the liquidation is continued depositors will not receive more than 17s 6d m the pound. It is believed the depositors will shortly receive an ad interim dividend of 10s m the pound. The Hrst call upon the shareholders will, it is believed, be £15 per share, payable m three instalments It is suggested that Mr Maceachern should represent the Australian creditors. A committee, consisting of the largest creditors and shareholders, will probably assist the liquidator and directors m accepting proposals to sell the Australian land and buildings of the corporation.
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Bibliographic details
Manawatu Standard, Volume IV, Issue 136, 8 May 1884, Page 2
Word Count
121THE ORIENTAL BANK. Manawatu Standard, Volume IV, Issue 136, 8 May 1884, Page 2
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