A VERY SOUND INVESTMENT

Hokitika Guardian, 28 July 1930, Page 4

A VERY SOUND INVESTMENT

A AND N.Z. BANK SHARES. AVAILABLE AT PAR. As was' only to be expected . with such an excellent proposition an enthusiastic reception has been accorded the Australian and New Zealand Banking Corpora lion by the public of New Zealand, and the bank has now gone to allotment, the minimum of 400,000 £1 shares required having been takeh. up. The opportunity to acquire shares at par occurs very rarely; in ; fact, it is forty years since bank .( shares were offered at par in this country, and this point will commend itself to all investors. To illustrate the demand for shares in banks it is only necessary to mention that a new issue of 500,0C0 shares in the Commercial Bank of Australia, Ltd., at a premium of 100 . per cent, has, just been over-subscribed Jby the present shareholders. This- can ..-be. more,readily understood when it, is realised that the percentage dividend paid by the six banks, operating in Australia ; and New Zealand averaged 14.16 per cent. This impressive return, however, is on. the paid-up value of the shares; 1 the.c.J", return on the market price would not average 5 per cent. Therefore, the advantage of buying bank shares ,at par is more apparent, Bank shares provide one of the : safest, soundest, and most profitable avenues of investment available to-day, and the Aus. traJian and New Zealand Banking Corporation, Ltd., offers investors An opportunity to come in “on the ground floor.” Copy of prospectus. obtainable from the Organising Brokers. ’Dominion Brokers, Ltd., 81 Cathedral ( square (P.O. Box 27), Christchurch.