Page 4 Advertisements Column 2

Auckland Star, Volume LX, Issue 197, 21 August 1929, Page 4

NEED FOR NEW BANK. Par Shares in " A. and N.Z." i - During a comparatively short period, the total trade of New Zealand has increased sevenfold, and Australian trade fivefold, but the number of banks to handle this enormously increased business has been increased by only one. The remarkable development in trade in both Australia and New Zealand has witnessed a constantly growing demand for wider banking facilities, and for this reason,, the farming, industrial, and commercial sections of the communities will welcome the entry of the "A. and N.Z." —the Australian and New Zealand Banking Corporation, Ltd.—into the banking field. Two million shares are being offered to the public at par, an event without parallel in the last forty years. Bank shares stand unrivalled in the field of • investment. No bank operating in both Australia and New Zealand is paying less than 12J per cent on its shares. The average rate is 14 per cent. Early application for a copy of the prospectus of. the new bank should be made to the organising brokers, Dominion Brokers, Ltd., 605600, Dilworth Buildings, Queen Street, Auckland. —(Ad.)