THE FINANCIAL CRISIS.
Australian Stocks Advancing, London, May 21. Tliore is a renewed sharp advance in Australian stocks. The Daily Telegraph considers the financial troubles are virtually ovor. The Scotlisli Loader says that a section of the depositors in the Australian banks desires that the deposit receipts should be nogotiabto in oxohange for land or debentures. The Statist pronounces against the State Bank suggested by the New South Wale 3 Parliamentary Committee. It further considers it absurd to suppose that the colonies are unable 10 taeet the interest. Sydney, May TL Over 67,000 liavo current accountnßHLyin the banks thst have suspended. Bmsdane, May 22„ Glunn and Socb, merchants, b&YB failed; liabilities, £31,000.
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Wairarapa Daily Times, Volume XV, Issue 4426, 23 May 1893, Page 2
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112THE FINANCIAL CRISIS. Wairarapa Daily Times, Volume XV, Issue 4426, 23 May 1893, Page 2
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