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Melbourne Leader in Melbourne, Victoria

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Newspaper

Melbourne Leader

Location

Melbourne, Victoria, Australia

Date

Jan 12, 1861

Page

11

Deposit and loan terms of the Economic Bank of Melbourne

The bank accepts deposits from £1 upwards to be loaned only on freehold mortgage with deposits secured by secretary capital. Interest is paid quarterly with half year statements, deposits close daily except Sundays and holidays. Loans of £100+ are on freehold property with quarterly interest, management emphasizes strict oversight and official signing for each transaction.

Royal College of Arcons England Erlangen Bernera Etreet Oxford Street Irra Economic Bank of Melbourne People's Institute Collins Street East Economic Bank OF Melbourne Fraietary Economic Bank Provident Institute The Savings Institute Benefit Societies Artes Insurance Department

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