Page 11 Advertisements Column 4

Ashburton Guardian, Volume 50, Issue 155, 12 April 1930, Page 11

(Extract from * The Dominion',’ iWel-*, lington, March 5, 1930.) COMMERCIAL BANK 0E 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 MS per cent, premium. By applying now you can secure • Australian and New Zealand Banking Corporation £1 Shares at PAR. TRULY A UNIQUE OPPORTUNITY-*

BANK SHARES AS INVESTMENTS 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 into 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.

Kodak Film Developing and Printing r"V*sa&?* u-h !■<■■'? Holiday Snap Successes. SHOW Your Holiday Snaps 'with Pride. Let us, develop your Films and make Bright, Permanent Prints. BRING YOUR FILMS TO TOTTY’S PHARMACY. Same-Day Printing and Developing Servioe. Careful handling of orders. Reasonable Charges. R. TOTTY, PRESCRIPTION' CHEMIST AND KODAK DEALER, ASHBURTON.