THE COMMERCIAL BANK FAILURE.
Two Other Concerns in Difficulties.
Sydney, April 12. The Northumberland Permanent Building Society, Newcastle, has suspended payment, The Society's difficulties are due to the suspension of the Commercial Bank of Australia, The deposits amount to £lll,OOO, The ovordraft with the Commercial Bank amounts to £14,000. It is anticipated that if tho depositors renew the deposits as they i'all due, the Society will ro-opon its doors,
Melbourne, April 12. The English, Scottish, and Australian Chartered Bank has suspended payment, owing to the heavy withdrawals sinoa tho suspension of tho Commercial Bank of Australia, Since the first of the ,-month two million HUmpHon branches of the instiBBBrA circular issued by tbe
BHgement states that the Bank is lenectly Bound, and will be irumefiiately reconstructed, No request [was made for assistance, and tho 'suspension was decided on from a doßiro to protect all the creditors, No further dotails are yet available
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Wairarapa Daily Times, Volume XV, Issue 4393, 14 April 1893, Page 3
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152THE COMMERCIAL BANK FAILURE. Wairarapa Daily Times, Volume XV, Issue 4393, 14 April 1893, Page 3
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