THE FINANCIAL CRISIS.

Wairarapa Daily Times, Volume XV, Issue 4423, 19 May 1893, Page 3

THE FINANCIAL CRISIS.

Suspension, of tk Royfl! Bank oftywenslaA, . Fall iirtiolonial Stock ■'s Mklhourse, May 17;. ;« The Mcl'ropoiiia.n. Board of Works ,( : has a fuiitlier. sufit of : £BOO',ODOJgplsed : 'o up in the' Pity of' ML-.lbourhe; .Baiik, a wliich: susponded.' tO'day.'..' TJiis Vill. % !;probably ns'iilt-in .tho-sewerage works. ,t being brought to a standstill. J Considerable attention ijbi'ing de-1 voted in- B.usint*ji9' 'cirQles-tp 1 a- proposal "r that Government sliQuid ;issup-u.p;iper;' currency on. ihpse.curiiyOfth.e current |i laccounts locked-up.in/the batiks which s jih'av.e-.s'uspen'd.ed. paynisnt., : j] Torday' lias- been observed as" a- day; s of humiliation, and, special l 'aer?iqeß J have he.on held in- the churches. : p ;BR.isn\N'E,.May-;.17. ,- u t( ! The Royal; Bank, of Queensland' has: -p Biispende'd payment. The' balances d sheet to 31st. December shpwsTrrliia-: -l hiliiits, £l,'BsDi'.oooj ihcliidingdeppsits.'. ■ £798,00,6 i Tho assets'- include : 'coin ; p .and bullion,. .199,000 j. Government : n' securities, £2.9,000 ;. ahd advances,.'.' |1,100;000. Steps are being takeri. J, jo. reconstruct the Bank,.''' /■.:[ "LdNijp'iii jiay.l.6;- ,-g . All colonial stocks have sustained a ;ti .'all.sinco last Thursday's quotations, fi Those, of few Zealand'occupy'ab.o.ut.' -,o the: best position;- ■ , -.y;