BANK SHARES AT PAR
With the progress and expansion in industry and commerce 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 are claimed to provide one of the safest, and most profitable channels of investment available to-day. No bank operating in both Australia and New Zealand is paying less than 12J per cent, dividend on its shares. The average dividend for these banks is 14 per cent. It is approximately 40 years since bank shares have been offered to the public at par, and ii may be years before such an opportunity occurs again. There is ever a ready sale for bank, shares should it become necessary to convert them into cash. The organising brokers of the Australian and New Zealand Banking Corporation Ltd., are Dominion Brokers Ltd., 605-606 Dilworth Buildings, Queen street, Auckland. Full particulars regarding the issue of capital by the Australian and New Zealand Banking Corporation Ltd., are advertised to-day."
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17030, 15 August 1929, Page 4
Word Count
199BANK SHARES AT PAR Poverty Bay Herald, Volume LV, Issue 17030, 15 August 1929, Page 4
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