QUOTATIONS ABOVE PAR ON LONDON EXCHANGE.
'I stated previously ihat investment trusts have been established for over 50 years in Great Britain, and are now recognised as probably the safest medium for investing capital. Proof of this statement is evidenced by the fact that the London Stock Exchange in December last 117 investment trust stocks and securities were quoted above par, many of them from 50 to 100 per cent, above their original price, and, even at these prices the financial editor of a, London journal, in a recent issue, referring to 'investment trusts," writes:—^
The benefits have .been demonstrated in both good times and bad, and they have shown astonishing recuperative powers after periods of depression. In.my opinion there are today excellent bargains to b3 found among investment trust stocks. I know of at least one trust stock which can be purchased at half its break-up worth. "Incidentally, he further states:— Stockbrokers and banks, it is to be feared, sometimes advise against investment trust stocks on grounds of personal interest, for the investment trust stockholder is a permanent holder and the stockbroker earns his bread by frequent changes.
"I merely quote the statement so that intending investors may keep these words in mind when voluntary advice is offered to them. "—Published by arrangement. ■
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Bibliographic details
Evening Post, Volume CXV, Issue 72, 27 March 1933, Page 10
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214QUOTATIONS ABOVE PAR ON LONDON EXCHANGE. Evening Post, Volume CXV, Issue 72, 27 March 1933, Page 10
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