We have-been favoured with " copy of circular addressed to the Shareholders and Depositors of the Oriental Bank Gorpora-" tion by the Provisional Committee who were endeavour abolish the "New Oriental Bank, Limited." The Circular explains the advantages to those to whom it is nddrossed which., would follow the formation of a new bank on the ruins of the old. We give the principal portions of the Circular and the ixtracta from the Prospectus.
By the formation of the New Bank certain ities could be given, which, while Savantageous to the Oreditors and Share:
profitable to it, would. be moat
holders of the Old. For instance, the' of Banking Promises nlone is very con able, and the amount realized by their sale would naturally be much greater if disposed of for purposes to which they are specially applicable. The greater part of the Stalf of the Late Corporation also must be maintained' by the liquidator until the liquidation approaches its termination, and economy would be effected in this di too by their employment in the New Ban! The formation of the New Company thus, it fe estimated, boueft the Old Bank
Text read from the printed page and cleaned; old type leaves the occasional error.