ADDITIONAL BANKING FACILITIES

Sun (Auckland), Volume IV, Issue 942, 8 April 1930, Page 11

ADDITIONAL BANKING FACILITIES

“A AND N.Z." BANK WARMLY WELCOMED Forty vears ago our external trade amounted to £15,500,000 per annum, and there were five banks operating in the country. Today, our external trade totals over £100,000,000, but the number of banks to handle this enormously increased business has been Increased only by one. The need for a new bank has been apparent for year's and investors welcomed the opportunity to take up shares lit par in The Australian and New Zealand Banking Corporation, Ltd., 400,000 being quickly subscribed, with the result that the new bank has now gone to allotment. Bank shares are safe, sound and profitable. The dividend of the six banks operating in Australia and New Zealand averages over 13 per cent., while each of them has built up huge re°CL)o neglect this opportunity to invest in “A. and N.Z.” Bank Shares at par. Payment of shares is spread over three years and shareholders will receive minimum interest at the rate of per cent, per annum on the payments they have made. Interest at the rate of 5 per cent, per annum will be allowed on all payments other than application and allotment money made before their due dates. A copy of the prospectus can be had on application to the Organising Brokers, Dominion Brokers, Ltd.—2.