INCIDENTS OF THE ORIENTAL BANK FAILURE.

Waikato Times, Volume XXII, Issue 1863, 14 June 1884, Page 4

INCIDENTS OF THE ORIENTAL BANK FAILURE.

Mr I) win Count, a wealthy tiadcr, who had C 7.000 deposited in the Ot rental, J had alicady made an alignments last week to re nnfcijt tint amount on the date of the depoait becoming duo, bub acting on the advice of hia son-in-law, who knew the aflans of the bank had been adversely commented upon, Mr Cohen withdicw the €7,000 and lodged it in another bank Messi 3 Johnston IJros. frmt.-rcr.?, of the Western maikct, who, besides being shaicholders, also ha\e a current account at the bank, sold out their business lately and lodged £15,000, the amount of the purchase money, in the . bank awaiting investment. Sir Bryan O'Loghlen mentioned the case of a lady who had £40.000 invested in the bank. She is probably the laigest investor in Melbourne. Mr Kdward'Wcokes, whoso tiansictions with India in horses aie veiy extensive, dealt with the Oiicntal, and it is stated that he lodged several thousands in the bank on Saturday befoie lie went to the laces. Mr Dan Warner, anothei hoisc-buyer, also had a deposit of £!,700 in the ban If on Saturday. A small contractor who drew on Saturday £180 fiom the bank, on finding the notes weie not negotiable, saciiiiccd the whole amount for £80 to be enabled to pay his men their wages. A bookmaker bought at Bowcs's Hotel yeateiday afternoon 3.")0 £1 notes at 10s (id, and some sailors who were compelled to leave this port yesterday sold their pound notes, through Captain Allebury, i of the Sailors' Home, for los each. A rather serious ca"c was placed in the handb of a solicitor yesterday in conuccnection witli a dispute over Oriental notes. A Norwegian sea captain who owed £100 to a ship broker for commission paid that amount to the latter on Saturday abont noon. Subsequently the broker discovered that the bank had suspended payment, and, hunting up the captain, he induced him to produce the receipt he had given him, for inspection, and thereupon the agent returned the Oriental notes and refused to return the receipt. The matter in dispute will very likely be decided in a court of law. There was, of course, great inconvenience caused to those customers who had overdrafts at the bank. Such of the customers, however, whose position was sound, althoup'a they had large current accounts at the Oriental, felt no inconvenience. A firm of clothing manufactnrera s who employ abont 100 hands, had to \>pen a fresh account in another bank,, and are carrying on their bnsiaesg without interruption. — Age.

A .society for German cclonisation has been formed in Berlin., having for its object the foiuadation of German agricul- i tnral trading colonies to which the stream of immigration now flowing to the United States may bo diverted. Dr. Emil Deckert, in the course of a lecture deli i ered recently before the German Society for Commercial Geography, controverted the opinior, that England must be dreaded as an obstacle to the colonial aspirations of othev nations. He predicted that at no distant time the emigration colonies of Cav.acla and Australia would secede completely from England, but that even in that event the commercial relations how existing between them would still continue, and as long as India and tljp fortified naval stations now forming a circle round the globe, remaiued in British hands, England, he thought, would never cease to be ruler of the seas and of the world's trade! ' i Life in the Bran— -Then and Now.— It is generally supposed that in the bush we have to put up with many discomforts and privations in the shape of food. Formerly it was so, btit now, thanks to T. n. Him, who has hiniself dwelt in the bash, if food does consist chiefly of tinned meats his Colonial Saucb giyesf,t# them a most detectable flavour, making- .them a* well of the t)laine.st food tnost enjoyable, and' snstead : 'as'hard bvsciiits and indigestible damper/hi* Im*,. froved Colonial Baking Powdir makes 'the very best bread, scone*, cakes, and pastry far superior *nd more whblospmo^ban y e a«t of' leaven, Sold by all itore^eeDert wl\o /C «n obv