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NEW JERSEY BANK TO BE WOUND UP
TRENTON, N. J., Sept. 28. (AP)βThe State Banking Department announced today it would seek Chancery Court approval of an additional dividend to depositors in the Warren County Trust Company, Belvidere, to expedite complete liquidation in three or four months.
The dividend, which will make a total of fifty per cent of the deposits, approximates $32,500, the department said, and will be followed by a final payment, the amount yet undetermined. The bank was placed under control of the department October 8, 1931. Application for approval of the dividend will be made to the court September 30.