Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image

THE FINANCIAL CRISIS.

Another Bank Suspends Paymsnt - WWorst Stage of the Crisis s?i f: ' '*■■' I Melbourne, May 5. ;KThe.Colonial Bank of Australasia hafsuspendod payment, ;.. At..thn.,anuual meeting which was held.''last., week,-, tho.. balance-sheet showed.' that the 'profit had been £32f,oo^o;;:ahiia f (liyidi;iid of B.'per cent wasi declared,' while £13,000 wns oarferredXlso,ooo,from the roseryo fund to;jir'ovido.:for,co!iliugi:ncicß,:-s{ : ■''';■.■>}•' ,-„■. ;The;:bank, : ocpui)ie3astrong' position and.ha'S:,B2 lifan'ches.in'.'.the Colony. It;.waa th ought' tbe;d eraands froiii those ;witlidvawar.pi] ro-opnuiDgto-ruorrow,' inncl tlib dircctprs.therefore decided not to .ppeiii. but. to- recpnaif uct.tlib bank, hringiug,itundef.'.the::LimitfdvLiahilityCompalu»Apt, ' ' v ' . LpNi)6^llay'sy>i.

.cifini- Scotch ..shareholders; ,and.';!de-: poaitprs jp.'.-iliB: London.'.'...Chtiri'ere'd-:J3ank="oT-A|iatrißilia,;-!tlie:'di,aitvrsclietii'c! ibi: t.hp/ recorj.stru ction oft bo ■ jnstiUi/ ■tipn;-'. (,;-..-, '/.^■''■•■■,X'X'ri-,;. ■■ Tha tisii; and Aiiatraiian .'CharteVftd:;- Banli iglitly.. modified; tho .'reconstruc-: : tion''s;liei]i(>i wbitiii:;wi)l\b6 : : pr6i;eede.cl ;wjtli' irresj'i'e'cti.yo' of opposition onjthi ji.art of.a nuni.|ier of&cqtclrdepositors: iand'shareholders. ■.; .; ■\'V .'.■■*■'

y .Experts tte.bru.ro that it : ' wbiildi.bo! easy-to unange an ■aiiMigama}i.ou'"be:v twe'cn- the LjJi'dbn Chartered Bank-of iAustriilia and/the. .English',: Scottish, ahtrAuetrai.i.ari Chavibred B;ink.. .... The.lfinies lioubts; wbel.her.furtlior siispGrisiona;: ofAußtralian; probable, ultliough'therq'mnyihe.sp'uii!'. minor.ciisualties,; p.eji'eatfna.ncial. .authorities believe ;the Avorst:ispast,,; ...,.'.,.'..; ioNDONjAIay::!, ; :'

The. : officials of the. iEhglisbi^Scpfe': .tislj,. aiidi.Australian'Chartered Bank,, '.amii tlje.Lo.nddh. Chartored'VliankVof' Aus.tmlia, deiiy.tho: reports': that these =Xwb--iii9Uutibiisintead-'td;amalgaMate.' ■>:■"■ .;.:■; :.//):'■/;Mays.:;:.;

■ Tbe foilowitig- ishipraents W gold. are'to .bo, iriade■ -lb.-,Aus.traliii • i—Cpm-; mcrciaj. Banking. Companyjof Sydney,' : £2Q6,000 .; Bank'':bf : "Auslrala3ia, ■£2'o6;doo.; : 'Union Bank :of Australia,' je^^tf.OOO:... ,;. ■;;■ ... / ; ;; : ':MELBdUBNEy;May;C;:: ■! Tho: abnrelidi.tlers of ,tli6. Building Society;' ■.have... accepted 'tho .recdnstructiori-s'cheine;..■■■';''., : ".■'■ '■ . :Tho .business, of ;tho/Coldn'iiil?Bsnk toria.. : Tbe. :Bailk; doclined:'the aS3ißt^. ancd'offhe Associated, /-Its liabilities "are |4,89/l,oJ3oi;;including deposits; arid..-interest^;'^B:4Bl^oo.o;; Tjiofissots: inclutJb:.cdin.;und -bailiM cash ■balances,' iss7,o.oo : ; ! :advanceSi ;'■; .;^ : !""''"■

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WDT18930508.2.14

Bibliographic details
Ngā taipitopito pukapuka

Wairarapa Daily Times, Volume XV, Issue 4413, 8 May 1893, Page 3

Word count
Tapeke kupu
236

THE FINANCIAL CRISIS. Wairarapa Daily Times, Volume XV, Issue 4413, 8 May 1893, Page 3

THE FINANCIAL CRISIS. Wairarapa Daily Times, Volume XV, Issue 4413, 8 May 1893, Page 3

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert