CLIPPED DIVIDENDS
AUSTRALIAN EXCHANGE
BANK SHAREHOLDERS
•■EVENING POST." "lOtli Feb. It, would appear as if the decision ot 'Australian banks to pay dividends to Aoiv Zealand shareholders in •'Australian pounds" is practically unanimous. I lie Bank of New South Wales has done so. so has the Commercial Banking Co. ot Sydney, and the National Bank ot Australia, and the Australian Bank ot Commerce, have notified their New Zealand shareholders that dividends will be paid ]ess exchange and. in the case ot hanks domiciled in New South Wales, unemployment tax also has been or will be deducted. The position is best seen in the following typical statements already received by New ■ Zealand shareholders in Australian banks:—
£ s d A. dividend due <i .3 9 Deductions (exchange 17s 3d unemployment, 4s 5d) 1 1 8 Actual dividend received 5 2 1 B. dividend due 56 5 0 Deductions (exchange £7 16s 6d. unemployment las £1 ■ m _ an c Ikciwc) dividend received -16 13 G
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19310216.2.116.1
Bibliographic details
Evening Post, Volume CXI, Issue 39, 16 February 1931, Page 12
Word Count
162CLIPPED DIVIDENDS Evening Post, Volume CXI, Issue 39, 16 February 1931, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in