NEW BANK TO OPERATE THIS YEAR.

Evening Post, Volume CX, Issue 12, 14 July 1930, Page 12

NEW BANK TO OPERATE THIS YEAR.

"A AND N.Z." PAX SHARES SOUND INVESTMENT.

, So apparent has becii the need fur a new bank that there has been a most enthusiastic public response to the offer of shares in tho Australian and New Zealand Banking Corporation, Ltd. The bank has gone to allotment, and it has been decided to issue a further number of shares at par to New Zealand investors. The exceptional demand for shares in tho new bank is based upon sound expectation of a steady, safe investment and a high rate of interest. Forty years; ago, when our external trade was only £15,500,000 per annum, there were five banks operating' in the country. To-day, with a trade increase of close on £85,----000,000, the number of banks is increased only by one. The six operating banks, besides building up huge reserves, have paid an average dividend of over 13 per cent., and in one ca,se a new issue of 100 per cent, premium was recently over-subscribed by present shareholders. Bank shares are always in iemand, even at a substantial premium, therefore this opportunity to get in on the ground floor is particularly attractive. There will be no delay in the commencement of business by the "A. and N.Z." Bank. The directors confidently anticipate that the bank will be in active operation this year, with branches in the four main centres. Send today for a copy of the prospectus to tho Organising Brokers, Dominion Brokers, Ltd., 68, Dixon street, Wcl-: Hngton.—Advt. j