Page 3 Advertisements Column 3

Poverty Bay Herald, Volume LV, Issue 17030, 15 August 1929, Page 3

A slight cold makes much misery. But “NAZOL” gives prompt relief. Keep a ftottle handy. Sixty doses 1/6. —*9

Invest in Bank user * P f ? 1899-1918, N.S.W. Registered under The Companies Act, 2, Divided into 5,000,000 shares of £1 each, of which 2,000,000 shares of £1 each are being offered ft* safe Overseas. 1,000,000 shares of £1 each are being reserved for future issue. ate now offered to the Public for Subscription in New Zealand and Australia, to he paid as follows! 5/- Per Share. Being Application and Allotment Money, payable on Application. Balance In Calls of 2/6 per Share at intervals of itot less than six is, payment of shares is spread over at least three years . 121,405 Skates DIRECTORS: H. M, MARLER, Auckland, Managing Director, H. M. Marler, Ltd.; Director, Renown Collieries, Ltd. t. J. NEVIN, Auckland. Proprietor, Murray Shoe Manufacturing Co.; Managing Director, Stanley; Faulkner, Ltd. J. F. SHANLY, Auckland. Late Proprietor, J. F. Shanly and Co., General Merchants. A. G. NEILL, Dunedin. Barrister-at-Law; Director, Dunedin Wool and Skm Co., Ltd.; Director,HoWell Piano Auction, Ltd.; Director, A.M.D.G. Corporation, Ltd.; Director, Bellhil Investment Limited. LLEWELLYN E. WILLIAMS, A.R.1.8.A., M.I.S.E. (London). Architect and Structural Engineer, Wellington; Chairman of Directors of the Provident Land and Investment Corporation, Ltd. A. C. WILLIS, Sydney. Late Manager, E.S. & A. Bknk, Sydney; Director, Capital Cities and Country Investment, Mortgage and Finance Go., Ltd. L, ARCUS, Public Accountant, \. , REID, C.B'.E., Public Accountant, Dunedin. fat to date, SOLICITORS: ,VIU£. FERNER and BROUN, Auckland. (GAN and MORGAN, Martin Place, Sydney; CONSULTING ACC6UnT/ , W. E. C. SECRETARIES:» [THbMPSON Atttf Rt)DGEP, Public Accobnlanls, toationkl fenhfc Suite** Auckland. •„ . ;,.,j DAVIS EGAN and CO.; Public Accountants, Cathcart House, Castiereagh Street, Sydne REGISTER® Cathcart Houbfe, C&s .•irSi c^ganis: 605J906 , jn New Zealand House, Lambtott Quay, Christchurch. Dalgetys Buildings, Napier. King’s Buildings, New Plymouth. 0 t Buil **'- Ar. gran ney, ; Auckland. 155 Hereford Street. Street, WhangOrfd. OBJECTS With the remarkable progress and expansion in .Industry and Commeree in Australia and New Zealand during recent years, there has been an ever-growing demand for additional banking facilities. To meet this demand, a new Bank—The Australian and New Zealand Banking Corporation, Ltd.—has been formed, and shares are now being offered to the public in New Zealand and Australia at par. Bank Shares provide one of the soundest, And febst jirdfitabla channels for investment available today. No hank operating )n both Australia and New Zealand 'is paying less than 12$ per cent, dividend on its shares. The average dividend for thebe banks jS 14 per ehnt. It fs approximately forty yeafe since Bank Shares been offertd to thi public at par. * The objects of the Corporation generally are set out in the Memorandum of Association. Primarily, the aim is: to transact general banking business, including current and fixed deposits, bills of exchange, letters of credit, drafts, etc, etc.; to endeavour by the pursuing of up-to-date methods and ideas in banking, to bring the bank into close and friendly touch with all classes of business, and to extend such banking and credit facilities as will be commensurato with safety and adequate remuneration to the Shareholders. The Bank will open branches in the main centres of New Zealand and Australia, and m country fend urban centres, whero sufficient inducement la filtered. Expansion of Commerce The rapid development throughout Australia and New Zealand of primary and secondary industries, and commercial houses associated therewith, has led to an ever-increasing demand for more money to enable theso activities to be strengthened and expanded. The total Trado of New Zealand has increased almost sevenfold during tbo last 35 years, but the number of Banks to handle this enormously increased business has bcch increased by only one. During the same term, Apstralinn Trade has increased almost fivefold. ROOM FOR A NEW BANk Ample assurance as to the opportunity there exists for a new Bank is furnished by the appended comparisons of the Steadily increasing Net Profits of all the Banks transacting business in Australia and (or) New Zealand from 1912 to the present day, the Capital and Reserve Funds, and the total Dividends distributed: MARKET PRICES OF BANK CONSIDERABLY MOVE PAR VALUE. Capita! and Reserve Funds 1912 1916 1920 1924 1928 £31,606,875 £38,642,428 £45,317,390 £60,669,785 £78,316,887 Net Profits £2,954,914 £3,003,255 £4,159,922 £5,546,236 £6,404,418 Dividends Distributed. £1,713,453 £2,162,948 £2,862,666 £8,793,989 ' £9,213,456 With the great &ev%loipntfittt In tkte febmfn&ki of. JLiaitfallk JSkjjir Zealand in recent y§ars ( there has been a correlfif6i'3]fca§lttisS'biW Awl volume of banking. One bank operating in both Australia and New Zealand more than doubled its business within 8 years, and this bank was the latest to commence business & New Zealand. Thfi net profits for 1928 of the six banks operating in BOTH NEW ZEALAND AND AUSTRALIA amount to the very large aggregate of £3,964,668, made up as follows: The mo&t significant feature revealed in the table below, however, is the remarkable increase in the Market Price of Shares in the six banks operating in bbth Australia and New Zealand, Hftfed Hth fit lit 1929. • _=—r , -a-". Name of Bank. Bank of Australia .. , Bank of New Zealand , Bank of Ns* South Wales Commercial feafik of Australia, National Bank of ifriz., Ltd. Union Bank of Australia, Ltd. « Ltd. Denomination of Ordinary Shares. £5 0 0. 1 20 0 . Id HS 19 o i o b’ 6 /alue £6 * 1 fa 20 0 . 10 up iarkfct Price 2 10 i i as at 1-1 IN ft * 1 51 10 1 8 7 4 15 7 Dividend Per Cent. il 125% .16% 14 DEVELOPMENT OF BANKING IN NEW ZEALAND An indication of the scope for a new Bank is furnished by the following two schedules, showing the steady inerpase of those Banks operating in New Zealand: 1. In both the Paid-ip Capital and Reserved Profits of the Banks of Issue, and ■ q 110 *' the different Banks, and 3. The Deposits and Advances. The The total assets of BANKS OF ISSUE Year. 1918 1919 1920 1921 1922 1923 1024 1925 1926 1927 Paid-up Capita! £13,147,857 £13,992,997 £18,048,904 £18,224,655 £20,488,225 £21,727,626 £22,327,537 £24,681,064 £24,772,284 £27,041,180 Amount of Reserved Profits. £11,524,731 £11,793,408 £13,201,889 £11,778,582 £14,210,228 £16,131,489 £19,481,890 £17,627,901 £20,000,461 £21,542,680 Ition will not proceed to aKotmeni uatH khirta IbW fcMI subscribed or underwritten. _ , ; . ' ‘ If no allotment is made, deposits Mil be rkturnefl In Ml, and v of shares alloted Is less than the number applied fon the bMahc will be credited towards payment of the deposit mom The corporation trill not underthl® the afitual business of banklj least £760,000 Worth of shares has been subscribed. The Dlrbctbrs, lot require any larger sum to be subscribed before commencing: operations* 1 *r»3*4** a NO No shares whatever are offered to vendors, pron else except for cash, and no cash payment* out of thi are being made fo any person whatsoever. how to Amr FOR SHARES Ohe for shares, SHARES AT PAR Shares In the Australian and New Zealand Banking Corporation are now offered at par.* It ihay be years beforo such an opportunity ocfcurs Again. . Rank stocks or shares stand unrivalled In the field of Investments Australian and New irvestdrs need not he told that for years, Investment in bank shares has been a most jind their popularity Is VeO Justified. There Is ever a ready sale for bank find BhafOs'shbtild neefessAry to cbnvbrt them into cash i.L.. . incstnores reettlhr and Increasing dividends from their holdings, addf ns to reserves, and a generous lclpatlon on a preferred basis in periodical Issues of new Capital 81. b«. u ,. ot.th... nt stocks, have come to be , tlonal sources of profit attacha to bank shares. 4* t, together with the sum of FIVE no application and allotment money II be received by the CORPORATION'! lON 9MSOk|RB, LTD., AT THEIR iiworth lulldings, Queen Street, us; NOW Zealand House, Welling* hrtstchurth; Dalgety’e Buildings, firm: King's Buildings, New Ply. V / / han / dipt and ikntieidllt ly taken h order of Wit & fcment view of the 0 ill be that the whole of the p Investors should send In / their a ons ea Fill In $ shillings per khire, payable on application, BROKERS—THE DO HEAD pFfICE,, Auckland; or at |6rStr|C( Mi Street, moujthi