THE BUSINESS MAN AND HIS BANK

Hokitika Guardian, 23 July 1930, Page 6

THE BUSINESS MAN AND HIS BANK

PROFITABLE PARTNERSHIP. Every business man has a bank as his silent partner. Neither can succeed without the other. The partnership can be made profitable to both if it is based upon mutual confidence and a clear understanding of each other’s point of view. With the remarkable progress and expansion of industry and commerce in this country during recent years, three has been an evergrowing demand for additional banking facilities. The Australian and New Zealand Banking •Corporation, Ltd. (the A. and N.Z. Bank), which has already gone to allotment, will participate enthusiastically and with tremendous forward impetus in the prosperity of New Zealand. The. directors consider that there is every possibility of the bank commencing operations in the four centres tliis year. Shares in the “A and N.Z.” are available'at par—the first time for forty years that it has been possible to secure bank shares without the payment of substantial premiums. A. and N.Z. Bank shares possess the two main principals which underlie sound investment. They are (a) the security of the principal, and (b) the certainty of income. Another cardinal quality associated with the “A. and N.Z.’s” is the marketability of the shares. Copies of the prospectus are obtainable from the Organising Brokers, Dominion Brokers, Ltd., 81 Cathedral Square (P.O. Box 227), Christchurch.