A PREFERENCE SHARE GROUP Investors who cannot afford to take
the risks of industrial eqUitiei but must seek a reasonable income in the fixed-interest field have now a wide range of issues available to them. Each of the following shares may be recommended from this standpoint : An investment spread evenly over this group would bring in an income of something over 41 per cent. which may be considered satisfactory in relation to the security offered. No. of times Current Dividend Price.
. Covered. 36 Anglo-Iranian Oil 8% Li Cum. Pref. to
English Electric 61% Li Cum. Pref. 3 25 9 Pea,se and Partners 5% LI Cum. Pref. 31 . 19 9 Pressed Steel 6%£i Cum. Pref. . .4 , , 26 3 Richard Thcinas 61% £x Cum tax- free Prefs... 31 • 3o 0
Yield s. d. 5 0 5 1 0
5 1 3
4 I I 6 5 15 6 All the companies included are in a reasonably strong ,financial positMn and are increasing their profits. The cover for pre- ference holders should therefore be larger this year than last. * * * *
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