FINANCIAL NEWS.
MONEY HARDENING, (liv i;i,i:cthr- tki.i-:i;hai-ii -ciii-yuhjiit.) li(i.\!i(j.v. .inly ID. Tin: English liiink of llic Unvr Plate, which liiis suspended |»:iyn»r-iit-, had ,-iu authorised <;apil;il of a million andalulf in £".»() share*, half e-ill<;d up. l-'or the lust three yciirs the .Bunk h;nl paid ;i dividend of ID percent. The.highest ouotations for its shares recently was I'M Os. Its reserve was lM2j,0(l(). fls li.'i'iilitie.i I<i depositor. , ! nro i'2,'JjO.OO(l. Its visible assets anmiiiit to i'l,2S,'i.()i)(). The South Aiii'-n.'UH soiMU'iti.-w huLl by the liank niuiiunt to £.S,3ii:>.l)(>(J. Th'i! directors include L)7-d Geortre Hamilton, and the lion. Sydney Curr (ilvn. J ' July-Jit. The iiinni iliatt! cause of the failure of the English JUink of the liivei Plate wiis tin; refual of the and River Plate I! ink to accept bills drawn by (lie Ai'tffiitiMu Govi'i-nineiit, which thiifoi'incr then have discounted. Tlie Court has appointed a provisional liquidator for the English Bank of the Uiver Plate. Th(! Standard says the liabilities arc und'.T live millions-, and tlic noniinal excess of asseU over liabilities is two millions. General sympathy is foil with the directors. July '21. National liank of New Zealand shares are quoted ut 2.1 discount. In consequence of the apprehensions as to what may he the sequel of the failure of the English liank of the liiver Plate, money is hardening-.
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Waikato Times, Volume XXXVII, Issue 2668, 23 July 1891, Page 2
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218FINANCIAL NEWS. Waikato Times, Volume XXXVII, Issue 2668, 23 July 1891, Page 2
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