THE FINANCIAL CRISIS IN AUSTRALIA.
Alarm In Sydmy* Snutev, April SI. . Alihougb tie rectrist Mktm h&& ' caused safcasiasas, h was ssot übs& tfis fenaouisceaieai oC the sttttpswfoa Joint Stock Bank that m»* tiling approaching alarm w&s laH among this public. flie Savkiga Bask of Mew gss& Wales <&ai s ia foe §, _ attention. This sabjected to & h<uvy ma s «gES@sa months ago, I'o-day'a ru» was nes quite sobud as tba forms* ese, ij-ai this i?ds pre&afely tta mull of * ps*i r oisKsaiioit by the Gav@i'tnsea& guarantesiug lijsi «J1 depositors would ba psid by the Gerarataaiit if asssii m ' - coarse wei-e aeeesssry. Georg*-sireat t ia wiiish serosal «C the landing baata are keared, w*s arowded with people, and foe & titss ."-- tka axcitsmeafc was iotssm TSsiramust h&VB h&m 'a Urga igsuabgr «€ wftharawislsj' bat no oifiotsl JEforsaaiaoa 03 i&is poiais »s farthcoi&iß.g. Use b«nk* iatiaisstai il»§ -- there hss bsea tt'iwghi Hoik- - ing serious.
Ab tlia stoafog boar jmpr@a«Si«i •" xuattsafs qaiateaed Bows. ha isagortint'eoai'si-eacs wss Mi - this, afternoon baSiw«eu tha ssfaeaaa-. nerciai Baakhsg! Gemg&ty, mi. Ok® Bank o£ Hsw Soath WgSs®." 3sss- - ia in pweg tst minteia tbo rf ibe solveas ias^ta&as, Despite tue rsn, dspoetg mem - 3o%gj( m tia Haw Sooth Wata &?«« wg« B&sk to astent of while. Ibs Fess Ojios Samp beuefittea-ta ihg sstent ol iif/O^. la &9 Sydney Sftls Ooanpaoyii prstaSssa wers at msaaa, owing to tlia who _wiiuarew ana pis eed it ia t3is» ptiTfib ijsfe. BsiSßASßjAptJlgl, : lae balanoa 'of the Qss«wJ&e4 Flooa Fund, amounting Jp is losked up in the Joint Btoek Bssfc m. o ~, Ijwow, April Ss* Tlia Eoghsfc, Seoibah, aadAa*. iraiian Oiiasieced'Bauk ea&nol &g Is. conairqotad aa a chartered bsak, Imi ffluuti become a limited liabiltiy e&&> ' past/, 1% is bsikved that aa4*? tag new scliataa tho calls will b# jgiO »se sbara. , Ab appeal igfiinst tha daoiakts sf Juaii'cft' Sir Eoland WtUUuss grsssiisia an applieation for tha msmhi&t? ' - winding «p of tfee Fedwai Esak k auitraiia, was hs«rd to-3aj. H»s . Court dinmissed tha appeal with sssts, The Commercial Buci haa received' 2200 prosit, £2,200,690, b i'avouf of the el rscanetnactioa. , Owing to tlia Aastralisa Joint Stock Bank shares ar* ralapaiag. At a Meeting in Bdiaburgli 01 i&* aured depositor in the Coaiaerab! Bank, a sresolutioii was m»T®i to ra> ject tha recoisstrttotion soEsshj, ' tha InsiiEance Coajpscies afsspi taa liability for the deposits, B-seatuaiiy the depositc-ra dssiddd to i*k« iadifiduai action.
Messrs. Uctttm, Saassi, a&£ M'Donaia, the .Eainbargk -sgs&te, have long been hostile to tb# eire&lar issued by the Commercial Basic respecting sad especisUj position in which the sharsiSlsf i Ma . placed. Thejsa,y&utiksWk^m^i : meetieg ia an in&iequaia eajusssicii of Scotch opinion on the soajsat. The , Standard seseria- tltst the essential point in tea English, Scotilshs and Australian Charters*! Bmk schema- consists ia ifaa effec ol 4 pee cent, debentures in liea of SO pes ami ofdepcaiis.
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Wairarapa Daily Times, Volume XV, Issue 4401, 24 April 1893, Page 2
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468THE FINANCIAL CRISIS IN AUSTRALIA. Wairarapa Daily Times, Volume XV, Issue 4401, 24 April 1893, Page 2
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