One thing is for sure Westpac is not majority owned by Australians. As you will see in the links below at least 50% of the company is owned by foreigners largely hidden in nominee companies.
The company's financials are stored in an image format ensuring that search engines cannot search on the major shareholders in this banking giant (search engines search on text only).
Amongst its 20 largest shareholders are Rotchschild and Rockefeller interests and the infamous Cede and Co a US$6.1 trillion anonymous fund - blamed for the "controlled" sharemarket crash on Black Monday in October 1987.
Westpac is run by an American Bob Joss.
He is a good friend of Jim Wolfensohn who heads up the World Bank which is a supernational development institution making loans to developing countries with a minimum level of creditworthiness. The World Bank raises most of its money in the international financial markets. Over its more than 50 years the World Bank has lent more than $US277 billion to developing countries and economic institutions.
Extract Sydney Morning Herald:
THERE'S no doubt about it, Australia has been good to Bob Joss. Apart from anything else he's $35 million richer after five years at the helm of Westpac.
And Westpac shareholders have done pretty well out of Joss, riding the surging share price all the way to new record. So it was hardly a surprise when Joss decided to renew his contract with Westpac, which was due to expire in January.
The new contract is open-ended. But Joss can be expected to stay at least another three years. For starters, he has to wait that long before he can exercise all of his new package of 2.1 million options.
The market was pleased Joss decided to stay. The bank's share price has surged 19 per cent since the announcement in August versus the broader banking and finance index's 7.8 per cent.
Indeed, Westpac recorded something of a milestone this week when the bank's share price overtook that of its rival and fellow 1980s casualty ANZ for the first time in years.
Coming on top of a record $1.29 billion profit, which was clearly superior to that of its major bank rivals, Joss has every reason to celebrate with more gusto than usual during the holidays.
Foreign owned. Extract National Australia Bank Ltd press release:
a 43% gain in sales of unit trusts and trustee products to $809 million, reflecting strong growth in National Australia Trustees A1 Common Fund and increases in sales of managed investment funds
Overseas controlled. Extract Lend Lease Custodian Share Capital Note 18
In November 1986, Lend Lease Corporation issued 100,000 redeemable bearer option bonds due on 28 October 1996. Option bond holders could convert each option bond during this period into 100 shares of 50 cents each in Lend Lease Corporation, paid up to 1 cent per share. The full subscription price per share was $10.48. The balance of $10.47 following conversion was payable in full either at the option of the shareholder, at any time, or mandatorily when called by the Directors of Lend Lease Corporation in accordance with the Articles of Association. During the year 3,001 (June 1996 23,714) option bonds were fully converted. The option period lapsed at 28 October 1996 and hence at balance date there were no outstanding option bonds (June 1996 3,001 outstanding option bonds).
In June 1993, Lend Lease Corporation issued 20,000 non detachable conversion bonds as part of the Eurobond loans due 2003. When issued, the conversion bonds were paid up to the extent of US$0.01 per US$10,000 principal amount and could be converted into 17,316,017 ordinary shares of 50 cents each in Lend Lease Corporation at any time up to and including 1 June 2003 utilising the redemption of the Eurobond. During the financial year ended 30 June 1996, Lend Lease notified bondholders that all outstanding bonds would be called for redemption before December 1996. The call for redemption was finalised at December 1996 and hence at balance date there were no ordinary shares (June 1996 4.6 million ordinary shares) covered by outstanding non detachable conversion bonds.
Front for overseas interests. (See also fifth, sixth and seventh largest shareholders)
Extract Sydney Morning Herald:
John Fairfax Holdings is considering forcing the owners of $100 million-plus worth of shares sold by Mr Conrad Black's Hollinger group to reveal their identity.
The shares represent close to 5 per cent of the newspaper
group and are housed in two companies that hold stock on behalf of others.
One parcel of shares is in the name of Westpac Custodian Nominees
while the other is in a nominee company of stockbroker Merrill Lynch.
Extract: UNDERSTANDING THE NEW WORLD ORDER
These people came to dominate the most important institutions in our society. They were powerful Wall Street lawyers like the Dulles brothers, who looked after the foreign investments of their super rich clients. Especially their investments in Europe, and more especially their investments in German corporations, which in the 1930s began building Hitler's new war machine.
At first with the backing of the Morgan Bank, and later with the Rockefeller Banks (Chase Manhattan, and First National City Bank, now called Citicorp ) the CFR had a healthy start in life. It was and continues to be nourished by the giant tax averting foundations of the super rich, and direct donations from the Fortune 500 channelled through as member fees.
"Clinton sits on the White House seat. While many work to ensure his defeat. But only few know, He's on the third row, Of the American Power Elite. ( anonymous )
" The real rulers in Washington are invisible, and exercise power from behind the scenes." Felix Frankfurter -- Supreme Court Justice, CFR
" I care not what puppet is placed on the throne of England to rule the Empire,... The man that controls Britain's money supply controls the British Empire. And I control the money supply." Baron Nathan Mayer de Rothschild
(a search on the three nominee company's above will reveal their close association by their common involvement in the top 20 of mainly mineral resource based companies). Try Alta Vista.
Australia's largest and oldest life insurance organisation - holds AAA rating for claims paying ability from Standard & Poors.
Bonafide Australian Superannuation scheme tied up with the New South Wales state government.
No information available on the Internet about this group.
Tied up with Lend Lease and National Mutual.
See fifth, sixth and seventh largest shareholders (above).
The Depository Trust Company
7 Hanover Square, 23rd Fl.
New York, NY 10004
Attention: Scott Fietta
Telephone: (212) 709-6870
FAX: (212) 709-6896 or 6897
Extracts: THE DTC - A NINE TRILLION DOLLAR SECRET?
The Depository Trust Co. (DTC) is the best-kept secret in America. Headquartered at 55 Water St. NYC, this "financial institution" is perhaps the most powerful in the world, yet the public doesn't have a clue as to who they are or what they do.
How can a "bank" hold assets of over 9 trillion dollars and be unknown?
During our telephone conversation, Mr. Mcneil was trying to assure our researcher that they have never lost a certificate or made a mistake in a book ledger transaction. In attempting to give us an example of how trustworthy they are, he said: DTC's first controlled test was 4 or 5 years ago. Do you remember black Monday? There was a very proud to inform us that "DTC cleared every transaction without a single glitch!" Read these quotes again. He state that: "Black Monday" was a controlled test! "Black Monday" (October 1987) was a deliberately manipulated disaster for many Americans at the "controlled test" by the DTC and the FDC owners.
The hidden face of international tax evasion:
All the companies in this hidden index we uncovered, like Time Warner, CBS, Bankers Trust New York, Hewlett Packard etc..., are tied into this DTC plot (read that as Cede and Co).. with the following common theme:
DTC will act as securities depository for the Series A Preferred Securities. The Series A Preferred Securities will be issued only as fully-registered securities registered in the name of Cede & Co. (DTC's nominee). One or more fully-registered global Series A Preferred Security certificates will be issued, representing in the aggregate the total number of Series A Preferred Securities, and will be deposited with DTC.
DTC is a limited-purpose trust company organised under the New York Banking Law, a "banking organisation" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code, and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). DTC holds securities that its participants ("Participants") deposit with DTC. DTC also facilitates the settlement among Participants of securities transactions, such as transfers and pledges, in deposited securities through electronic computerised book-entry changes in Participants' accounts, thereby eliminating the need for physical movement of securities certificates. Direct Participants include securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organisations ("Direct Participants"). DTC is owned by a number of its Direct Participants and by The New York Stock Exchange, Inc. (the "New York Stock Exchange"), the American Stock Exchange, Inc., and the National Association of Securities Dealers, Inc. Access to the DTC system is also available to others such as securities brokers and dealers, banks and trust companies that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly ("Indirect Participants"). The rules applicable to DTC and its Participants are on file with the Commission.
An application has been filed by Goldman, Sachs & Co. with the United States Patent and Trademark Office for the registration of the MIPS servicemark (for DTC).
GLOBAL BOOK-ENTRY SYSTEM
The Depository Trust Company (DTC), New York, NY, will act as securities depository for the Bonds. The Bonds will be issued as fully-registered bonds registered in the name of Cede & Co. (DTC's partnership nominee). One fully-registered bond certificate will be issued for each maturity of each issue of the Bonds, in the aggregate principal amount of such maturity, and will be deposited with DTC.
DTC is a limited-purpose trust company organised under the New York Banking Law, a banking organisation within the meaning of the New York Banking Law, a member of the Federal Reserve System, a clearing corporation within the meaning of the New York Uniform Commercial Code, and a clearing agency registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds securities that its participants (Participants) deposit with DTC. DTC also facilitates the settlement among Participants of securities transactions, such as transfers and pledges, in deposited securities through electronic computerised book-entry changes in Participants accounts, thereby eliminating the need for physical movement of securities certificates. Direct Participants include securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organisations. DTC is owned by a number of its Direct Participants and by the New York Stock Exchange, Inc., the American Stock Exchange, Inc., and the National Association of Securities Dealers, Inc. Access to the DTC system is also available to others such as securities brokers and dealers, banks, and trust companies that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (Indirect Participants). The Rules applicable to DTC and its Participants are on file with the Securities and Exchange Commission.
The cancer invading our banks does not stop here.
ANZ Bank, which last week announced the lay off of 1,700 Australians (and last year retrenched 2,000) has Chase Manhattan Nominees with 11.6% of its shares as its largest shareholder.
To see how this all this was allowed to happened you need to visit the Financial Services Industry Agreement page (FSIA) to see how the Australian Labor Party under Paul Keating sold Australia's soul to foreigners.