BANK SHAKES MOST PROFITABLE

Evening Post, Volume CX, Issue 32, 6 August 1930, Page 12

BANK SHAKES MOST PROFITABLE

BALANCE-SHEET DISCLOSURES.

.In the balance-sheet-of the Bank of Australasia recently published, the net profit' for the year ivas set down at £677,183 7s 2d, and a dividend of 14 per cent., free of income tax, was declared. The directors also transferred. £25,000 to the Reserve Fund, which now totals ;£4,500,000, or a sum equal to the paid-up capital. These figures illustrate in some measure the remarkable prosperity of the. operating banks, and show that there is ample scope, for a New Bank to commence operations. Investors now have the unique opportunity of acquiring. Bank Shares at Par. The Australian and New Zealand Banking Corporation, Ltd., has been formed to meet the demand for additional banking facilities, and for the first time in forty years Bank Shares are available without the payment of a heavy premium, and on particularly easy terms. Only 5s per share, being application and allotment money, is payable on application, and the balance is spread over at least three years. Tho "A. and N.Z. Bank" has gone to allotment, well over 400,000 shares having been applied for, and shares c fin not always remain at par. Investors should, therefore, take an early opportunity of securing a good parcel. A copy of the Prospectus can be had on application to the Onjnnisin'K 'Brokers, Dominion . Brokers. Ltd., !iS,' Dixoii Htn-':t,' Wcifiugtou.—Advt.