The first dividend of 5s. 6d. to those creditors of
the Royal British Bank who had proved their debts was paid on Stitarday and Monday. From the great number of persons to be paid in two days, there was naturally a good deal of pressure and confusion—almost riotous on the Saturday.
A new phase of the case was exhibited in the Bankruptcy Court on Thursday. Proceedings were initiated by the "new shareholders "—those who had taken new shares very recently—to prove the amount they had paid for those shares as debts against the bank, on the ground that they had been induced to take the shares by fraud on the part of the directors, they having issued false reports. If this move succeeds, the new shareholders will prove for 60,000/. or 80,000/., and will escape liability as regards the business creditors of the bank.
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