1:4 Issue By C.B.A.

Press, Volume CIX, Issue 32032, 5 July 1969, Page 22

1:4 Issue By C.B.A.

(N.Z. Press Assn.— Copyright) SYDNEY, July 4. The directors of the Commercial Bank of Australia, Ltd, propose to make a one for four cash issue of 100 c share at 175 c each. The issue, which requires approval by New Zealand and United Kingdom monetary authorities, will be available to holders of both ordinary and preference It will raise the bank's capital by $4,079,739 to $24,421,662, and shares will be ex issue after September 26. The directors plan also to lift capital by s2om to ssom. They have recommended, subject to audit, a 5 per cent ordinary final dividend for the year to June 30. Shares will be ex dividend on August 14 and the annual meeting is on August 28. F. Fert. Raises Profit 36 p.c. (N.Z. Press Association) WELLINGTON, July 4. The directors of New Zealand Farmers’ Fertiliser, Ltd, report an increase in consolidated profit of 36 per cent to $866,731 after a record output of 733,000 tons. The result is subject to audit They recommend a steady 5 per cent final ordinary dividend, payable August 29; ex dividend August 1. Adelaide Bonus CN.Z. Press Association) MELBOURNE, July 4. The Bank of Adelaide is making a bonus issue of one new share for five held at July 18. It will rank for dividend after December 31.