Everybody's Guide to Money Matters: With a description of the various investments chiefly dealt in on the stock exchange, and the mode of dealing thereinCotton, William, F.S.A., of Exeter
General
Everybody's Guide to Money Matters: With a description of the various investments chiefly dealt in on the stock exchange, and the mode of dealing therein
Cotton, William, F.S.A., of Exeter
Banks and banking -- Great Britain; Investments -- Great Britain; Money; Stock exchanges -- Great Britain
| | | | | | | | | | | |
| United Kingdom |M| 6 15 0| 7 0 6| 7 10 3| 8 2 6| 8 15 11| 9 3 3|10 0 3|12 1 0|M|
| Temperance |F| 6 2 11| 6 8 0| 6 16 11| 7 6 5| 7 16 4| 8 6 0| 9 3 4|11 2 3|F|
| | | | | | | | | | | |
| Yorkshire |M| 7 1 2| 7 7 6| 7 18 0| 8 10 4| 9 0 0| 9 11 6|10 11 0|12 15 0|M|
| |F| 6 8 0| 6 13 6| 7 2 0| 7 12 6| 8 2 6| 8 13 6| 9 12 0|11 12 0|F|
| | | | | | | | | | | |
|-----------------------|-|--------|--------|--------|--------|--------|--------|--------|--------|-|
| Post Office (Govt.) |M| 6 13 4| 6 19 2| 7 9 10| 8 3 2| 8 14 0| 9 6 0|10 6 10|12 10 10|M|
| Anns. |F| 6 0 6| 6 6 0| 6 15 8| 7 7 6| 7 16 8| 8 7 4| 9 6 4|11 9 6|F|
| | | | | | | | | | | |
|-----------------------|-|--------|--------|--------|--------|--------|--------|--------|--------|-|
| Equitable, U. States} |M| 7 10 0| 7 15 9| 8 6 2| 8 19 3| 9 9 10|10 1 9|11 1 8|12 17 11|M|
| Mutual, New York } |F| 6 16 9| 7 2 1| 7 11 6| 8 3 1| 8 12 1| 9 2 8|10 0 9|11 17 8|F|
| New York } | | | | | | | | | | |
-----------------------------------------------------------------------------------------------------
INDIAN GOVERNMENT STOCKS.
These stocks stand as high in the estimation
of the public as the British Government Funds.
They consist of loans raised in this country for
the use of the Indian Government and are two
in number, bearing interest respectively at the
rate of 3 and 3 1/2 per cent.
There is also what is termed a Rupee Paper
Loan, raised in India at 3 1/2 per cent. per annum.
The interest is paid in the currency of the coun-
try, which is the rupee, and that coin being
worth only a little more than half its nominal
value in this country, the investor in this stock
would receive in the shape of interest little more
than half the £3 10s. a year. The price of the
stock in the market is consequently in the same
proportion, and at the present moment is about
£62 for every £100 stock.
CHAPTER VII.
LOANS TO CORPORATIONS AND COUNTIES OF
THE UNITED KINGDOM.
THESE are loans raised by boroughs and coun-
ties, and other authorities in this country, for
local purposes, upon the security of the rates or
other assured income. Before the money is
borrowed the consent of the Local Government
Board is necessary to make the loan legal, and
evidence is required that the resources of the
borrowers are ample to meet their obligations.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account