THE MERCANTILE BANK

Waikato Times, Issue 3204, 7 January 1893, Page 2

THE MERCANTILE BANK

(BY KIKOTBIO mEGRAPH-COI'YRIGHT), Melbourne, January 5. The Attorney-General has instructed the Crown officers to prosecute Sir M. Davis, Messrs James Bell, M.L.C., T. B. Muntz, and Anderson, the whole of the Melbourne directors of thoMnr' eantile Band of Australia; Mr Mil* lidgo, the late manager, and Messrs Ellis and Richardson, auditors, on a charge of issuing in February last a false and misleading balance sheet,

Those whom it was decided to prosecute in connection with the false balance sheet of the Mercantile Bank of Australia have informed the authorities of their whereabouts and will be summoned on the criminal charge. The date of the trial is fixed for tho 11th inst,, but it is probable the prosecution will be delayed until the arrival of Mr Millidgc from London. Loxdok, January 5. City financiers approve of the action of the Victorian Government in orderi ing the prosecution of tho directors of the Mercantile Bank of Australia. Mr Juboz Spencer Balfour, who is mixed up with several institutions which recently suspended payment has left the country. Mr F. Millidgc, late manager of the Mercantile Bunk of Australia has been arrested. He had booked his passage for Australia directly he saw the cablr in the newspapers announcing tha f warrant was out for his apprehen and he considred he had been t treated, ns he expressed his wil' to return to Victoria and charges directly bis pros decided on. He will liberated on bail, br authorities intend loo' cation iirefairing Ilia taken to Melbourne i