BANK SHARES AT PAR

Sun (Auckland), Volume III, Issue 738, 10 August 1929, Page 12

BANK SHARES AT PAR

AN INTERESTING FLOTATION With the remarkable progress and expansion in industry and commerce in Australia and New Zealand during recent years, there has been an ever-grow-ing demand for additional banking facilities. To meet this demand, a new bank —The Australian and New Zealand Banking Corporation, Ltd., has been formed, and shares are now being offered to the public in New Zealand and Australia at par. Bank shares provide one of the safest, soundest, and most profitable channels of investment available today. No bank operating in both Australia and New Zealand is paying less than per cent. dividend on its shares. The average dividend for these banks fs 14 per cent. It is approximately 40 years since bank shares have been offered to the public at par. There is ever a ready sale for bank shares should it become necessary to convert them into cash; for shares which rest on money controlled by competent bankers and experienced business men have a security and freedom from risk seldom found in other avenues of investment.

The organising brokers of the Australian and New Zealand Banking Corporation, Ltd., are Dominion Brokers, Ltd., 605-606 Dilworth Buildings, Queen Street, Auckland, and intending investors should secure a copy of the prospectus without delay. Full particulars regarding the issue of capital by The Australian and New Zealand Banking Corporation, Ltd., are contained in a large announcement published in the advertising columns of this