Page 12 Advertisements Column 1

Sun (Auckland), Volume III, Issue 774, 21 September 1929, Page 12

—Bank Stocks or Shares Stand Unrivalled in the Field of Investment Market Prices of Bank Shares considerably above Par Value —YOU CAN NOW BUY BANK SHARES at PAR! The AUSTRALIAN and NEW ZEALAND BANKING CORPORATION LIMITED ALLOTMENT NOW ASSURED Capital: £5*000,000 DIVIDED into 5,000,000 shades of £1 each, of which 2,000,000 shares of £1 each are being offered for sale overseas. 1,000,000 shares of £1 each are being reserved for future issue. 2,000,000 Shares of £ 1 each are now offered to the Public for subscription in New Zealand and Australia, to be paid as follows: 5/- per Share. Being Application and Allotment Money, payable on Application. Balance in Calls of 2/6 per Share at intervals of not less than six months that is, payment of shares is spread over at least three years. DIRECTORS : 11. M. MAULER, Auckland. Managing Director, H. M. Marier, Ltd., Director, Renown Collieries, Ltd. T. J. NEVIN, Auckland. Proprietor, Murray Shoe Manufacturing Co.; Managing Director, Stanley Faulkner, Ltd. J. P. SHANLY, Auckland. Late Proprietor, J. F. Shanly and Co., Merchants. A. G. NEILL, Dunedin. Barrister-at-Lawj Director, Dunedin Wool and Skin Co., Ltd.; Director, Howell Piano Action, Ltd.; Director, A.M.D.G. Corporation, Ltd.; Director Bellhill Investment, Limited. LLEWELLYN E. WILLIAMS, A.R.1.8.A., MXS.E, (London). Architect and Structural Engineer, Wellington; Chairman of Directors of the Provident Land and Investment Corporation. Ltd. A. C. WILLIS, Sydney. Late Manager London Bank of Australia, Ltd.; Sydney, and E. S. and A. Bank. Sydney; Director Commonwealth Underwriters, Ltd. Solicitors: MELVILLE, FERNER AND BROUN, Auckland. THOMPSON AND RODGER, Public Accountants, Auckland. OBJECTS: ROOM FOR NEW BANK : Ample assurance as to the opportunity there exist* for a new Bank is furnished by the appended comparisons of the steadily increasing Net Profits of all the Banks transacting business in Australia and (or) New Zealand from 1912 to the present day, the Capital and Reserve Funds, and the total Dividends distributed:— 1912 .. 1916 .. 1920 .. 1924 .. 1928 .. Capital and Reserve Funds £31,606,875 £38,642,428 £45,317,390 £60,669,785 £78,316,887 Net Profits £2,954,914 £3,003.255 £4,159.922 £5.546,236 £6,404.418 Dividends Distributed £1,713.453 £2,152948 £2.662,656 £3,793.989 £51213,456 The net profits for 1928 of the six banks operating in BOTH NEW ZEALAND AND AUSTRALIA amount to the very large aggregate of £3,964,668, made up as follows: Bank of New South Wales .. .. £1,184,943 Bank of Australasia .. .. .. 654,059 Bank of New Zealand .. .. .. 841,878 Commercial Bank .. .. .. 355,019 National Bank .. 289,803 Union Bank of Australia .. .. 638,966 £3,964,668 SHARES AT PAR : Shares in the Australian and New Zealand Banking Corporation are now offered at par., and it may be years before such an opportuhity occurs again. Bank stocks or shares stand unrivalled in the field of investment. Shareholders enjoy in most instances regular and increasing dividends from their holdings, an increase in the value of their shares from the continual additions to reserves, and a generous participation on A preferred basis in periodical issues of new Capital. It is because of these facts that bank shares, considered as safe and secure as Government stocks, baxt come to be regarded as preferable to Government stock* which lack those additional sources of profit attachable to bank shares. The objects of the Corporation generally are set out in the Memorandum of Association. Primarily, the aim is: to transact general banking business including current and fixed deposits, bills of exchange, letters of credit, drafts, etc., etc.; to endeavour by the pursuing of up-to-date methods and ideas in banking, to bring the bank into close and friendly touch with all classes of business, and to extend such banking and credit facilities as will be commensurate with safety and adequate remuneration to the Shareholders. The Bank will open branches in the main centres of New Zealand and Australia, and in country and urban centres, where sufficient inducement is offered. EXPANSION OF COMMERCE : The rapid development throughout Australia and New Zealand of primary and secondary industries, and commercial houses associated therewith has led to an ever-increasing demand for more money to enable these activities to be strengthened and expanded. The total Trade of New Zealand has increased almost sevenfold during the last 35 years, but the number of Banks to handle this enormously increased business has been increased by only one. NO FREE SHARES : No shares whatever are offered to vendors, promoters. directors or anyone else except for cash, and no cash payments out of the capital of the Corporation are being made to any person whatsoever. HOW TO APPLY FOR SHARES : Applications for shares, together with the sum of FIVE SHILLINGS per share, being application and allotment money payable on application, will be received by the CORPORATION’S BROKERS - THE DOMINION BROKERS LTD.. AT THEIR HEAD OFFICE 605-606. Dilworth Buildings Queen Street, Auckland: or at Branch Offices: Wellington. Napier, Whangarei. New Plymouth South Island Brokers: Amalgamated Securities, Ltd., Christchurch Timaru* Greymouth. Dunedin. Applications will be dealt with in order of receipt, and in view of the sound nature of the investment, it is anticipated that the whole of the present issue will be quickly taken up. Investors should send in their applications early. 200,000 Shares Already Applied For Fill in and and Post Coupon for Copy of Prospectus ~\ To The Organising Brokers, THE DOMINION BROKERS. LTD., 605-606, DILWORTH BLDGS., AUCKLAND. and New zJLTa’n “ Banking CorporiftfonfLtd!™ 8 Au3tralian Name .. Address