Page 7 Advertisements Column 4

Evening Star, Issue 22143, 25 September 1935, Page 7

(9 GJ (ST 2/ i ■I Who Own the Banks? It is an entirely erroneous idea that the Banks are owned by a small group of wealthy people, who manipulate financial affairs for their own ends. The shareholders in New Zealand holding shares in the trading banks in New Zealand number approximately 16,331, representing an average capital holding of £3 74. These shareholders are drawn from every class in the community. Their holdings for the most part represent savings invested after careful thought, with the double thought of avoiding risk and ensuring a constant if low return. As in other businesses, the shareholders exercise complete control—they elect, reappoint, and remove directors, and through the directorates they control the management and staffs of the institutions. For these the banks are bound to operate in the best interests of the community. One of a scries of educational an* nouncements Issued for public In* formation by the Associated Banks of New Zealand .

ORDERS BY TELEPHONE. Experience has shown that iu the use ot the TELEPHONE F.l' S EASILY OCCUR in Words and in the Names of Persons, although the messages are read back to the sender, and occasionally there are Misconceptions in Instructions. ADVERTISERS ARE REQUESTED TO WRITE THEIR ANNOUNCEMENTS. And Not to, Trust to a Telephone Message, as we cannot hold ourselves responsible •! errors occur.

REDUCTIONS TELEGRAM RATES (effective from 19th September) ID MINIMUM WORD CHARGE vl FOR ALL DISTANCES URGENT TELEGRAMS: AN EXTRA CHARGE OF 6° MAKES ANY TELEGRAM URGENT TO ANY PART OF THE DOMINION TELEPHONE SUBSCRIBERS MAY TELEPHONE THEIR TELEGRAMS TO THE TELEGRAPH OFFICE WITHOUT EXTRA CHARGE SUNDAYS: f The same Reduced Rates apply on Sundays ISSUED BY AUTHORITY OF THE POSTMASTER-GENERAL