THE FINANCIAL CRISIS.
■ ii'A■XZ,■ londqs, May 12. The. directors of the English, Scot tisb, and Australian Chattered I'anl and the London Chartered Hank ar framing a plan of reconsiaciioi which enabhi the two.banks to easil; amalgiimato'.afiet:re-opening, i Tlii is ■ delaying the promulgation of.tin scheme.. At a meoting of Scotch .depositors in the Australian Joint Stock Bank, ik rec 't-Etriiction scheme was ap proved by 81 to 18 ( The'. Australian banks liavo raised the rates of exchanged, jier cent. . Tbe Mortgage. Insurance Corpora' •tion offers /to', insuru deposit receipts, '.but prefers tlwt the shares of the rcconstiuctfd banks should be on the former terms, unless n higher rate of ■■ interest is paid, *■■■' , . Mki.bou.rse, May 12. ; .s- ■». ' "»3 of phiirehpidera and de^ '■ JifKtßlt- flf-Yiclorift-.adopted a scheme of reconstruction on lines similar to those proposed by the otier banks, .■}
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Wairarapa Daily Times, Volume XV, Issue 4419, 15 May 1893, Page 3
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136THE FINANCIAL CRISIS. Wairarapa Daily Times, Volume XV, Issue 4419, 15 May 1893, Page 3
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