THE FINANCIAL CRISIS.
Four More•Suspensions' A BMing Society, and Three .'■■.'. Banks. '■■'.:- BRi.BBANE,;':MJay: 15.,-■. .- The susponded payrrioht. ■ .'lts liabilities are ilt),622i?7o ) |ncludihg;4B ) %,9b , 2:of depoHitSi, The aa'sptsv 'includes :.e3,r33;887 ■ tvprlh.' of' .'advances ■• and otber debts ■■;. '.also, flbr'.thof .coin and ■.bullion... .'ThosuSr.; pensionj's attribiited;to.tl)P cbhtiniipus ■withdrawal of mbney''frb'm*thi London .'office;: A' schemb of?reconatructibri. is. ;noK : under consideration;. ;erhmpnt is guaranteoihg tbo bank's; indtes? ;. :Tbeßatikpf ; NprthyQuppn3laiid also; 'ba>Wßpebdod-peiiUingrbc6nßicubti6ai' ft'B-liabilities : are;LGSr;BOS, jnclnd.in'g ;LBso,7;76:;doposits, : . -Its,aasetainclude ;Iil09,lIt; coin;; : oind' ; '.". bullion ■: iand ;lil94p7jn:advahceSr r :.;. : ; •:':vThe!Pormanent;Buildjiigand;Bonefit'Sbcietyhas auapencled, owing '"toils' banking withlhe Queensland Rational Bank;/-, '■■■■■ : '.\-t " '.".'."'■:• ;::.v;.v : .'•,..' ;.:;;.:The.'C.ommMcial;jßanking Company pf;Sydney;.'has<',sußpendeaSnayinent' pending reconßtr.uction..:':;.The decision was arrived at at;a'';nicoting of'.direiitors : tbis ■ afternboh;!:. The liabilities are ; .' over■,■£l4,ooo,ooo,-.?;,: including £1,444,000 of doposits. f The: assets include coin and bullion, £1,702,000; advance, Ac, £11,016,000/..; Tbo Buspenaion has caused conBiderable surprise, as it wbb hoped that general confidence had been restored,
Londoh, May 15. Tho Exchange is excited by the suspension, for which it was not prepared, and surprise is oxpressed that the Whitsuntide term was allowed to approach so near beforo tho intentions j of the Bank were intimated,
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Wairarapa Daily Times, Volume XV, Issue 4421, 17 May 1893, Page 3
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175THE FINANCIAL CRISIS. Wairarapa Daily Times, Volume XV, Issue 4421, 17 May 1893, Page 3
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