Page 11 Advertisements Column 2

Waikato Times, Volume 105, Issue 17786, 10 August 1929, Page 11

Invest in Bank Shares at Par Zealand' Ltd. The Australian and New Banking Corporation Registered under The Companies Act, 1899-1918, N.S.W. CAPITAL 1 £5,000,000 Divided into 5,000,000 shares of £1 each, of which 2,000,000 shares of £1 each are being offered for sale overseas^ 1,000,000 shares of £1 each are being reserved for future issue. ©S © I are now offered to the Public for subscription in New Zealand and Australia, to be 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 not less than six months —that is, payment of shares is spread over at least three years. Shares applied for to date. 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 Skin 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. Bank, Sydney; Director, Capital Cities and Country Investment, Mortgage and Finance Co., Ltd. With the remarkable 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. OBJECTS : The objects of the Corporation generally are get 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 ondeavour 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 ns will be commensurate with safety and adequate remuneration to the Shareholders. The Bank will open branches in the main centres of New Zealand and Australia, and in country and urban centres, where sufficient inducement is offered. 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 these activities to be strengthened and expanded. The total Trade of New Zealand has increased almost sevenfold during the last 35 years, but the number of Banks to handle this enormously increased business has been increased by only ono. During the same term, Australian Trade has Increased almost fivefold. SOLICITORS : MELVILLE, FERNER and BROUN, Auckland. MORGAN and MORGAN, Martin Place, Sydney. CONSULTING ACCOUNTANTS : J. L. ARGUS, Public Accountant, Wellington. W. E. C. REID, C.8.E., Public Accountant, Dunedin. r SECRETARIES : THOIViroON and RODGER, Public Accountants, National Bank Buildings, Auckland. AVIS EGAN and CO., Public Accountants, Cathcart House, Castlereagh' Street, Sydney. REGISTERED OFFICE : Cathcart House, Castlereagh Street, Sydney. ORGANISING BROKERS : DOMINION BROKERS, LTD. Head Office: 605-606 Dilworth Buildings, Auckland. Branch Offices : New Zealand House, Lambton Quay, Wellington. 155 Hereford Street, Christchurch. Dalgety s Buildings, Napier. James Street, Whangarei. Kmg s Buildings, New Plymouth. rt S n^w Slia - eS provide-one of the safest, soundest, and most profitable channels for investment available today. No bank operating in both Us shareß and The o eaa "l i3 f-?/ iess than 12 i Per cent, dividend on its shares. The average dividend for these banke is 14 per cent It is puff™ pwr y yCan> SiDCe Bank Shares have beenP offered t 0 tho ROOM FOR A NEW BANK . Ample assurance as to the opportunity there exists for a new Bank d f “™ ls s ed „ b y th « 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: Dividends Distributed. £ 1,713,453 £2,152,948 £2,662,653 £3,793,939 £5,213,456 The net profits for 1928 of the six banks operating in BOTH NFW AI ? AUS ™ LIA am ° Unt t 0 the W ifrgc aggregate S & 0,964,668, made up as follows: MARKET PRICES OF BANK SHARES CONSIDERABLY ABOVE PAR VALUE; With the great development in the commerce of Australia and New Zealand in recent years, there has been a corresponding increase in tho 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 in New Zealand. The most significant feature revealed in the table below, however is the remarkable increase in the Market Price of Shares in the six banks operating in both Australia and New Zealand, listed as at Ist January, Bank of New South Wales Bank of Australasia Bank of New Zealand Commercial Bank National Bank Union Bank of Australia £1,184,943 654,059 841,878 355,019 289,803 638,966 £3,964,663 Denomination of Ordinary Shares. Paid-up Value 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 increase of those Banks operating in New Zealand: 1. In both the Paid-up Capital and Reserved Profits of the Banks of Issue, and 2. The total assets of the different Banks, and 3. The Deposits and Advances. ■BANKS OF ISSUE Name of Bank. Bank of Australia Bank of Now Zealand , , Bank of New South Wales Commercial Bank of Australia, Ltd. National Bank of N.Z., Ltd. Union Bank of Australia, Ltd. ALLOTMENT The Corporation will not proceed to allotment until 400,000 shares have been subscribed or underwritten. If no allotment is made, deposits will be returned In full, and when the number of shares alloted Is less than the number applied for, the balance of the deposit will be credited towards payment of the deposit money. The Corporation will not undertake the actual business of banking until at least £700,000 worth of shares has been subscribed. The Directors, however, may require any larger sum to be subscribed before commencing operations. Market Price as at 1-1-29 Dividend Per Cent. 14% m% 12J% 15% 14% 15% / / NO FREE SHARES / No shares whatever are offered to vendors, promotors, directors or anyone else except for cash, and no cash payments out of the capital of the Corporation are being made to any person whatsoever. 4 SHARES AT PAR Shares In the Australian and New Zealand Banking Corporation are now offered at par., and It may be years before such an opportunity occurs again. Bank stocks or shares stand unrivalled in the field of investment. Australian and New Zealand Investors need not be told that for years, Investment In bank shares has been a most 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. Shareholders enjoy i;i most Instances regular and increasing dividends from their holdings, an Increase in the value of their shares from the continual additions to reserves, and a generous participation on a preferred basis In periodical issues of new Capital. It Is because of these facts that bank shares, considered as safe and secure as Government stocks, have come to be regarded as preferable to Government stocks, which lack those additional sources of profit attachable to bank shares. HOW TO APPLY FOR SHARES Applications for shares, together with the cum of FIVE SHILLINGS per share, being application and allotment money payable on application, will be received by the CORPORATION’S BROKERS—THE DOMINION BROKERS, LTD., AT THEIR HEAD OFFICE, 605, 606 Dilworth Buildings, Queen Street, Auckland: or at Branch Offices: New Zealand House, Wellington; 155 Hereford Street, Christchurch; Dalgety’s Buildings, Napier; James Street, Whangarei; King’s Buildings, New Plymouth. Applications will be dealt with In order of receipt and In view of the sound nature of the investment It is anticipated that the whole of the present Issue will be quickly taken up investors should send >n their applications early. Fill In and Post this / Coupon for Prospectus. /fy XXy / <F. / Xf#' / dWVV •• / <y / JDV *- 4-V

Really Good 'Secos^dSianid Motor Gyele® We have a large stock of these cycles, all thoroughly re-condl-tioned and ready to give you reliable service for whatever purpose you may require—whether it be for touring or business use. Cycles obtainable on Cash or Terms. HERE ARE A FEW OF OUR OFFERS RALEIGH —2J h.p., 3-speed, clutch, all chain drive, twist grip, acetylene lamp, and horn. Price, £3O Cash, £32 10a Term*; £lO. Deposit; £2 per month. E. W. DOUGLAS— I92B Model,electric, 3 speed, clutch twist srrlD spring saddle, electric lights and horn. Price £6O dash £BB Terms; £l6 Deposit; £3 per month. * CjW € & " P ’’ TRIUMPH —3 speed, kick starter clutch, J-ucas_h° rn and Terry saddle. Price, £35 Cash, ICtP® A.J.S.—2} h.p., S.V. 3 speed, lamp and horn, tall lamp. Price £26 Cash, £27 10s Terms; £8 Jieposlt, £2 per month. £3B Terms; £l2 Deposit; £2 per month BUN — ls h.p., 2-stroke, 3-speed, elec, light, new tyres, kick starter and clutch. Price £lB 108 Cash, £2O Terms; £7 Deposit; 10/- per week. A.J.S. —1929 Model, 2} h.p., 0.H.V., twist grip, steering damper, Terry saddle, speedometer, electric light; as new. Price, £6O Cash, £66 Terms; £ls Deposit; £3 per month. kS 29 VICTORIA ST., HAMILTON COMMERCE ST„ FRANKTON.

SYKES’ DRENCH MEANS Rich blood, and rich blood means bigger milk yields. 1/C pkt.; 17/Willesden Defendant: “The longer I am out of work the more there is for someone else.”