BANK OF AUSTRALASIA
Increase in Dividend
The Bank of Australasia announces that the court of directors has declared a dividend at the rate of 9 per cent, per annum, being a distribution of 4/6 per share, less British income tax at 3/2$ iu the £l.
An interim dividend of 3/6 per share, at the rate of 7 per cent, per annum, less British income tax at 4/9 in the £l, was paid on October 2, 1936. The dividend now declared makes a distribution for the year at the rate of 8 per cent., compared with 7} per cent, for the previous year. The dividend will be payable at any branch of the clank of Australasia in New Zealand at the current rate of exchange for sight bills on London on thp date of negotiation. The New Zealand list of shareholders will be closed on March 8 for the purpose of the dividend, which will be paid on April 2. The Bank of Australasia, which was incorporated by Royal Charter in 1835, shows the following figures:— £
Paid-up capital 4,500,000 Reserve fund 2,475,000 Currency reserve 2,000,000 Reserve liability of" proprietors 4,500,000 £13,475,000
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19370227.2.133.5
Bibliographic details
Dominion, Volume 30, Issue 131, 27 February 1937, Page 14
Word Count
190BANK OF AUSTRALASIA Dominion, Volume 30, Issue 131, 27 February 1937, Page 14
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