BANK OF AUSTRALASIA
The directors of the Bank of Australasia recommend the issue of 10,000 shares of £40 each, at a premium of £60. Details wiE be published later. Tho " Daily News" says a hope is entertained in some quarters that part of the reserve will be capitalised. It ia unusual for a ibank to indulge in a reserve capitalisation scheme, 'but it must be admitted that the terms seem uninvolved -with a tig bonus for existing shareholders.
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Bibliographic details
Wanganui Chronicle, Issue 12856, 16 December 1912, Page 7
Word Count
78BANK OF AUSTRALASIA Wanganui Chronicle, Issue 12856, 16 December 1912, Page 7
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