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American Railways
Automatic Re-investment Of Dividends
Colonial Government Securities
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Dividends
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Least Viewed
Table Of Interest On Investments Sample
Investments
Indian Railway Stocks
London Banks And Banking
Loans To Corporations And Counties Of The United Kingdom
Railways
Terminable Annuities
Mortgages
Insurance Companies
The Stock Exchange
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Indian Railway Stocks
These are a favourite investment with the
British public. They consist of Debenture,
Guaranteed, and Ordinary stocks. The Deben-
ture stocks are similar to those of British rail-
ways, and are a first charge on the undertaking.
The Guaranteed stocks are those upon which
there is an undertaking by the Secretary of
State for India that the interest shall not be
less at any time than they are stated to bear;
any deficiency in the earnings being made up
by the Government. Should the earnings be
more than sufficient to pay the stated interest,
the surplus is divided between the Government
and the railway company. Annuities may be
purchased in some of these railways, that is to
say, by paying, we will assume, £30 as the
market price, an annuity of £1 a year will be
granted for a certain number of years. In
dealing with these it is necessary to ascertain
when the annuity ceases, or the investor, hav-
ing sunk the capital sum, may cease to receive
any income therefrom when least expected.
Warrants for interest on these stocks are
periodically sent to registered holders.
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