FIXED TRUSTS.
From time to time I receive enquiries with regard to the ways in which an investor in industrial securities can average his risks of income and also of market fluctuation. Now, when it is difficult to obtain even 31 per cent, on trustee securities, and the search is for reasonable safety with a higher yield in income, there is a tendency to give increasing attention to industrial shares. From some quarters, too, I have had direct enquiries as to the methods of the First and Second British Fixed Trusts Sub-Unit Certificates. The full particulars of these trusts and the methods of their operation can be obtained from the office - of the Municipal and General Securities Company, at 9 Cloak Lane, Cannon Street, but, speaking generally, it may be said that the system consists of the deposit of certain specified securities with a trustee who issues against them certificates of part ownership.
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