COMMERCIAL BANK.
The manager of the Commercial Bank of Australia (Mr. E. P. Yaldwyn) lias been advised by cablegram from Melbourne that the issue of 500,000 ordinary shares ot 10s each to present shareholders of the bank has been largely over-subscribed. The shares, which have been issued at £1 (a premium of 100 per cent.) have been distributed among present shareholders throughout Australia and New Zealand; a large number being taken up m the Dominion. When the above shares have been 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 reserve fund to £2,500,000, together aggregating £0,617,350 exclusive of inner reserves.
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Evening Post, Volume CIX, Issue 54, 5 March 1930, Page 12
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115COMMERCIAL BANK. Evening Post, Volume CIX, Issue 54, 5 March 1930, Page 12
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