HIGH DIVIDENDS.

Evening Post, Volume CX, Issue 48, 25 August 1930, Page 12

HIGH DIVIDENDS.

.FROM BANK SHAKES,

Latest balance-sheet figures show Bank shares in a most favourable light, the Dividend being in every .case of a highly remunerative nature. To quote only three instances. Per cent. Bank of New Zealand .14 1-3 Commercial Bank of Australasia - 15 Bank of Australasia 14 It may be pointed out that these are the usual dividends paid by the abovementioned Banks, and are in no way exceptional. High dividends —with safety—explain the overwhelming popularity of Bank Shares'with investors, and account for. the high market prico asked for shares in the operating Banks. But there is no necessity to pay a 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 particularly easy terms of payment. The new Bank has gone to allotment, the minimum of 400,000 £1 shares being reached some months ago, and with the enthusiastic support since accorded by the public the "A and N.Z." Bank is expected to be in .active operation this 3'ear. Shares cannot always remain at par, and investors are advised to apply at once for a copy of the prospectus. This can be had, without any obligation, from the Organising Brokers, Dominion Brokers, Ltd., GS, Dixon street, "Wellington.—Advt.