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'MPiSSr-l i: ■ "II (Extract from * The Dominion,* Wei* lington, March 5, 1930.) COMMERCIAL BANK OF AUSTRALIA NEW ISSUE OVERSUBSCRIBED A cable message received yesterday by Mr E. P. Yaldwyn, manager of the Commercial Bank of Australia, l.tid., from the head office in Melbourne, states that the new issue of 500,Q06 ordinary shares has been largely oversubscribed. The shares, which are of 1(1/- each, are being issued at £l, or a premium of 100 per cent., to present shareholders, both preference and ordinary, in proportion to the numbers at present held by them Sales of “ rights ”to the new issue have been a feature of the sales on the Stock Exchanges dt the Dominion for some months, and. it is understood that a fairly large ,pirdptir r tion of the new shares will be distributed throughout New Zealand..,, For these shares investors paid, 1.&) per cent, premium. •>.- By applying now you can seoimfc Australian and New Zealand Banking Corporation £1 Shares at PAR. TRULY A UNIQUE OPPORTUNITY BANK SIIARES AS INVEST- . MENTS l. ' V Bank stocks or shares stand unrivalled in the field of investment: Australia and New. Zealand investors need not be told that for years inent in bank shares has been a iiiioat profitable channel, and their popularity is well justified There is ever a ready sale for bank shares should it become necessary to convert them' into cash ; for shar es which rest .on .money controlled by competent bankers and experienced business men have a security and freedom from risk that is not often found in commercial commodities,' whiicn have to run the gauntlet of sale, lire exposed to the whims of fashion and the finding of a customer, before iliev can be turned into money.. The existing banking corporations are all conducted along prudent liu'es. Dividends have been limited, while strong reserves have been steadily! increased, and premises and other assets have been written down rigidly.: The benefits of this policy are self-apparent, and are realised to-day by the Tnsiitu- . tions, and in particular by the shareholders, who are enjoying in most instances regular and iiicreaisih(£ dividends from their holdings, an increase in the value of their shares from the continual additions to reserves, aftd a generous participation on a preferred basis in periodical issues of new capital.

I ' ssssssss ssssssssss Tackle* trouble ea Be warned in time! The symptoms of lung trouble are loss of weight, loss of appetite, continued tired feeling, cough or cold lasting more than a fortnight and night '■ sweats. Consult the best doctor you know and live as much as possible in the open air. Take Lane’s Emulsion regularly till all risk has passed. Price 2/6 and 4/6 at all Chemists and Storei.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/HOG19300412.2.11.4

Bibliographic details
Ngā taipitopito pukapuka

Hokitika Guardian, 12 April 1930, Page 3

Word count
Tapeke kupu
451

Page 3 Advertisements Column 4 Hokitika Guardian, 12 April 1930, Page 3

Page 3 Advertisements Column 4 Hokitika Guardian, 12 April 1930, Page 3

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