The Peninsular & Oriental Banking Corporation has offered to purchase the ordinary shares of the Allahabad Bank at a price of 436 rupees for fully paid up ordinary shares, and 218 rupees on the new issue of 9,000 shares, on which calls must be paid by December 15. The offer is conditional on holders of not fewer than 75 per cent. of the ordinary shares accepting. Shareholders are also given the option of receiving P. & O. Corporation shares at £10.2.6 each.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.