Page 3 Advertisements Column 4

Ashburton Guardian, Volume 50, Issue 151, 8 April 1930, Page 3

(Extract from ‘The Dominion,’ Wellington, March 5, 1930.) COMMERCIAL ‘BANK OE ‘ AUSTRALIA NEW ISSUE OVERSUBSCRIBED A cable message received yesterday by Mr E, P. Yaldwyn, manager of the Commercial Bank of Australia, Ltd., from the head office in Melbourne, states that the new issue of 500,000 ordinary shares has been largely oversubscribed. The shares, which are of 10/- each, are , being issued at £l, or a premium of 100 per cent., to present shareholders, both preference and ordinary, in proportion to the numbers at present held by them. Sales of “ rights ” to the new issue have been a feature of the sales on the Stock Exchanges of the Dominion for some months, and it is understood that a (fairly large proportion of the new shares will be distributed throughout New Zealand. For these shares investors paid 100 per cent, premium. ' ftBy applying now you can secure Australian and New Zealand Banking Corporation £t Shares at PAR. TRULY A UNIQUE OPPORTUNITY. BANK SHARES AS INVEST-

MENTS Bank stocks or shares stand unrivalled in the field of investment. Australia and New Zealand investors need not be told that for years investment in bank shares has been a most profitable channel, and their popularity is well justified. 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 that is not often found in commercial commodities, which have to run the gauntlet of sale, are exposed to the whims of fashion and the finding of a customer, before they can be turned ihto money. The existing banking corporations are all conducted along prudent lines. Dividends have been limited, while strong reserves have been steadily increased, and premises and other assets have been written down rigidly. The benefits of this policy are self-apparent, and are realised to-day by the Institutions, and in particular by the shareholders, who are enjoying 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.

UfflM 328 TYRES. TYRES. TYRES. FIRESTONE, GOODYEAR AND MICHEUN. All First-Grade and New Stocks. TERMS—CASH ' WITH ORDER. TYRE REPAIR & SALES CO., LTD. BURNETT STREET. PHONES:— Day 411. Night 511 and 695.