PROSPECTS OF BANK SHARES.
Having been maintained at the same rates as those paid for each of the last two completed years, bank dividends, it is thought, may be regarded as more or less stabilized under present conditions and should carry the prospect of moderate increases or, perhaps, further issues of shares on favourable terms when earnings improve again under the influence of trade recovery. Yields on the partly paid shares range around 4 per cent., while on the fully paid shares returns vary from 81 to 3i per cent. Some of the fully paid shares such as Barclays A," Lloyds B " and Westminster £1 shares, carry fixed maximum rates of dividend, but in other cases there are fully paid shares which rank for dividend according to the distributable profits. In this category are Barclays " B," Martins £1 shares,"Midland " A " and B " shares, and National Provincial £5 shares.
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