MONETARY AND COMMERCIAL.
\ London, May 27 The money market has undergone several fluctuations. The two Banks of England and France held on May 23rd upwards of £52,000,000 of gold. The rate of discount is lower. " ;. ; Colonial Grovernment Securities. — • | New South Wales fives, 1871 to 1876,. 96. Victoria sixes, -January and July, 94£ to 95f (?). ]S T ew;.,Zealand sixes, 104 to 105. South Australian sixes 1878 and upwards, 105 to 107. The creditors of Dent & Co., of- China, agreed to receive a composition of 2s 6d in the pound. The Oriental Bank Corporation's tender for the New South "Wales .Government loan was all subscribed in two days. The annual meeting of the creditors of the New Zealand Banking Corporation ,was unsatisfactory. ; The Bank of London's dividend has been announced at 14s 6d in the pound since the suspension. '■■. There is great distress in Cornwall owing to the stoppage of several mines, but the price . of metals is now improved. -. Messrs IVaser and Co., American mer- j chants in Liverpool, have failed with lia- j bilities of a- million sterling. The subsidy received by the Message- I ries Imperiale Company is four, times more than that of the Peninsular and Oriental Company. . j
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Southland Times, Issue 699, 22 July 1867, Page 3
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201MONETARY AND COMMERCIAL. Southland Times, Issue 699, 22 July 1867, Page 3
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