ISSUE OVERSUBSCRIBED
COMMERCIAL BANK OF AUSTRALIA Press Association WELLINGTON, Wednesday. Advice was received by the Commercial Bank of Australia from Melbourne today that its new issue of 500,000 ordinary shares of 10s each to the present shareholders of the bank has been largely over-subscribed. The shares, which have been issued at £l. with a premium of 100 per cent., have been distributed among the present shareholders throughout Australia and New Zealand, a large number being taken up in the Dominion. When the above shares are fully paid up ar the end of the present year, it will increase the paid-up capital of the bank to £4,117.350, and the reserve fund to £2.500.000.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19300306.2.103.7
Bibliographic details
Sun (Auckland), Volume III, Issue 914, 6 March 1930, Page 12
Word Count
112ISSUE OVERSUBSCRIBED Sun (Auckland), Volume III, Issue 914, 6 March 1930, Page 12
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