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Newspaper
Cobram Courier
Location
Cobram, Victoria, Australia
Date
Nov 07, 1947
Page
2
The debate centers on a bank repayment history with old depositors and government notes. Mr. Wilson defends court sanctioned terms including £730,000 immediate deposits, £838,000 government liabilities, £900,000 shareholder call, and £4,025,000 in stock, with final redeems in 1929 and 1946.
Mr Wilson notes that old Bank shareholders lost £1.8 million at reconstruction and also funded fresh capital but received no dividends from 1894 to 1899. Dividend returns rose to 5 percent only by 1907, while fixed-interest holders faced stable gains. He calls the public to judge Ey, S., & A. Bank’s treatment of depositors and Ward's statements.
The Minister of Agriculture announced the continuation of district wheat crop championships for the Wimmera Mallee and Northern Zones. Entry is open to dry farming crops with conditions: single piece, at most two varieties, excluding two years fallow. Prize money totals £50 per zone, with £25 to the champion, £15 and £10 to the first and second local societies.
Printed and published by Frederick Ernest Sperling for New Sunraysia Daily Pty Ltd Mildura at the Courier Office Station Street Cobram.
A Melbourne letter recalls Armadale and Malvern as sparsely populated suburbs with a busy main thoroughfare crowded by nearby residents. It notes a promised subway to ease a dangerous crossing and laments car dodging at Latrobe Street. The piece reviews census shifts from rural to metropolitan areas and historic mining declines affecting regional balance. It also touches sport and local phrases of the era.
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