MONETARY AND COMMERCIAL.

Temuka Leader, Issue 2441, 22 December 1892, Page 1

MONETARY AND COMMERCIAL.

London, December 19.

Mr Justice Williams has refused to make an order for o the compulsory winding up of the new Oriental Bank, on the ground of expense and delay. It is alleged that the forgeries committed by Wright and Hobbs amounted to £25,000 per qurarter. Hobbs falsified the wages sheet to the extent of £15,000. The hearing of the charges haa begun at Bow Street. A third charge is that Wright suppled signatures to bills purporting to emanate from Hobbs’ creditors. It is further alleged that a clerk of Hobbs’s, named Kentish, was cognisant of the frauds, and received percentage. Tallow, medium mutton, 2Cs ?,,]. medium, 25s 9d. ’ 1

The English wheat market is declining ; the Continental inactive; and the American depressed. Off goast cargoes of Australian wheat are quoted at 325. The New Zealand Trust and Loan Comhave declared a dividend of 12s 6d per share, OH preference shares. A deputation of brokers waited on Mr Perceval, Uie A.gent-(General {or Hew Zealand, and requested him to endeavour to secure the inclusion of corporation stocks in the Inscribed Stock Act, with a view to enhancing their values.

The New Zealand Shipping Company have madq a call of £1 per share payable on the 81st January, and another call of the same amount payable on the Ist May, 1893, The company’s shares, which were quoted recently at £2 5s and £2 los, have fallen to £1 10a. It is rumoured the calls are due to the losses which have been sustained on wheat transactions, Wellington, Dec. 20. The manager of the New Zealand and Diver Plate Land and Mortgage Company has received advice that the dividend recently declard was 2 per cent, not 6 per cent, as received by cable from Londm on Sunday night.