Page 4 Advertisements Column 2

Timaru Herald, Volume CXXV, Issue 18538, 8 April 1930, Page 4

from # Tbe Domteioß,’ W*h( lington, March 5, 19804 COMMERCIAL BANK OP AUSTRALIA NEW ISSUE OVERSUBSCRIBED A cable message received yeaterd&y by Mr E. P. Yaldwyn, manager erf the Commercial Bank of Australia, Ltd., from the head office m Melbourne, states that the Dew issue of 500,000 ordinary shares has been largely over* subscribed. The shares, which are of 10/- eaohy are being issued at £l, or a premium of 100 per cent., to preeent shareholders, both preference and ordinary, in proportion to the numbers at present held by them. Sales of “ rights ” be the new issue have been a feature of the sales on the Stock Exchanges of the Dominion foT some months, and it ia understood that a fairly large proportion of the new shares will be distributed throughout New Zealand. Por these share* investors part WO per oont. prsn^um. By applying now yom am noun Australian and New Zealand Banking Corporation £1 Shares at PAR. TRULY A UNIQUE OPPORTUNITY* BANK SHARES AS INVESTMENTS Bank stocks or shares stand unrivalled in the field of investment. Australia and New Zealand investors need not be told that for years investment in bank shares has been a moat profitable channel, and their popularity is well justified. There is ever a ready sale for bank shares should it become necessary to convert them into cash; for share* which rest on money controlled by competent bankers and experienced business men have a security , and freedom from risk that is not often | found in commercial commodities, which have to run the gauntlet of sale, are exposed to the whims of fashion and’ the finding of a customer, before can be turned into money. The existing banking corporations art all conducted along prudent lines. Dividends have been limited, while strong reserves have been steadily increased, and premises and other asset* been written down rigidly. The benefits of this policy are self-apparent, and are realised to-day by the Institutions, and in particular by the shareholders, who are enjoying in most instances regular and increasing dividends from their holdings, an in-' crease in the value of their shares from the continual additions to reserves, and a generous participation on a preferred basi® in periodical issues of new capitaLj