THE AUSTRALIAN DROUGHT.
BFUEOT ON LONDON BANKS. OAPXTAL TO BE REDUOEB. PHB PBE33 ASSOCIATION. Keceivel 29, 4 53 p.m. London, March 28. At a meeting of London bank directors, it was decided that owing to the disastrous effects of the ptolooged drought upon pastoral properties in Australia it was necessary to be prudent and reduce capita l . The Financial Times s»ys the London Banks Board ard wise in suggesting a reduction which will greatly streng'hen thpir position.
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Taranaki Daily News, Volume XXXXV, Issue 77, 30 March 1903, Page 3
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77THE AUSTRALIAN DROUGHT. Taranaki Daily News, Volume XXXXV, Issue 77, 30 March 1903, Page 3
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