FAILURE OF BROKERS.
TWO MILLIONS INVOLVED. OLD ESTABLISHED EIBM. By Telegraph.—Press Assn.—Copyrlgtt. Received Feb. 17, 5.5 p.m. London, Feb. 16. A sensational sequel to the City and Equitable Fire Insurance Company’s liquidation is the failure of the stock exchange firm of Ellie and Company, of which the senior partner was Gerard L. Bevan, chairman of the City Equitable. The failure is unlikely to disturb the stork markets to any great extent, though the liabilities are estimated to be in the neighborhood of £2,000,000, as the stock exchange anticipated sales connected therewith, which have been proceeding since the latter end of January. Ellis and Company are one of the oldest and most prominent stockbroking firms, having been established for nearly 150 years. They raised a loan of £24,000,000 to finance a campaign against Napoleon in 1814. —Aus.N.Z. Cable Assn.
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Taranaki Daily News, 18 February 1922, Page 5
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138FAILURE OF BROKERS. Taranaki Daily News, 18 February 1922, Page 5
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