OVER-SUBSCRIBED.
COMMERCIAL BANK OF AUSTRALIA. NEW ISSUE OF SHARES. (By Telegraph.—Press Association.) WELLINGTON, this day. Advice has been received by the Commercial Bank of Australia from Melbourne to-day that the new issue of 500,000 ordinary shares of 10/ each to the present shareholders of the bank has been largely over-subscribed. Shares which have been issued at £1 (a premium of 100 per cent) have been distributed amongst 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 at 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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Auckland Star, Volume LXI, Issue 54, 5 March 1930, Page 8
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116OVER-SUBSCRIBED. Auckland Star, Volume LXI, Issue 54, 5 March 1930, Page 8
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