BANKING CHANGE.
AN AUSTRALIAN DEAL. By Telegraph.—Press Assn.—Copyright. Received August 22, 5.5 p.m. London, August 19. The English, Scottish and Australian Bank has provisionally agfeed to purchase the controlling interest in the London Bank of Australia, Ordinary shareholders in the London Bank will receive five £25 shares in the English, Scottish; and Australian Bank for every (line £22 10s shares held, with £1 cash for each share. Preference shareholders have the option to take the same proportion of shares ivith £2 cash, or a payment in cash of £l3 for each share. Mr. Wren takes charge of both banks in Australia, and Mr. Janion will be in charge of both London banks,—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 23 August 1920, Page 5
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114BANKING CHANGE. Taranaki Daily News, 23 August 1920, Page 5
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