HIGH DIVIDENDS.

Evening Post, Volume CX, Issue 24, 28 July 1930, Page 12

HIGH DIVIDENDS.

tfJROM. BANK SHABEfcJ.

Latest balance-sheet figures show] ' Bank shares in a most favourable light, the Dividend beiiife in every <-ftse of a '. highly remunerative nature. To quote ; j only three instances: — ' : Per cent. | Bank of Xew. -Zealand : U 1.-3 1 Commercial Bank of Austral- ' asia I ,! Bunk of Australasia 5... 14 : It may bo pointed out (hat these I ■" are the usual dividends paid by the ■ above-mentioned Banks, and arc in no ' way exceptional. High dividends— ' with safety—explain the overwhelm-' Ming popularity of Bank Shares with: j investors, and account for the high 1 market price asked for sha.-cs in the i operating Banks. But. there is no necessity to pay a t heavy premium for Bank Shares. Shares ■ in the Australian and New Zealand Banking Corporation, Ltd., are still available at par. For the first time in forty years, investors have the opportunity of acquiring Bank Shares ■ without "paying a premium, and on par- • ticularly easy terms of payment. "i The now Bank has gone to allot-1 ', ' incut, the-minimum of 400,000, £1 J shares being reached some months ago, - : and with the enthusiastic support 4Uc''\ ,:accorded by tiu public, the "A and • iN.Z.-" Bank is expected to lie in ;u-.---->jtive operation this year. Shares can- • j not always remain at par, and inves- > I tors are advised to apply at oneo for a [ j oopy of the prospectus. This can* bo , I had, without any obligation, from the I i Organising Brokers. Dominion Brokers, ijLld., US, "Oixon s!r«v;i, Wellington.— jAdvt.