It was understood on Friday week that Lord Carnarvon had
raised hopes that the Government would step in to aid the Munster Bank, or at least to alleviate the misfortune of its failure. But when a deputation of shareholders waited upon him last Monday to solicit his intervention, Lord Carnarvon replied that though the Government might perhaps have inter- fered to lighten the blow of failure, it could not properly give aid to a commercial institution still existing and in active operation. The Bank of Ireland has since, it is stated, con- sented to advance a sum of a quarter of a million sterling, on condition that the Munster Bank makes a call of 30s. a share on the unpaid capital, and obtains from the depositors a binding agreement to abstain for six months from withdrawing their money. It is hoped that the Bank may be resuscitated, if these terms are agreed to.
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