13 APRIL 1934, Page 44

FIXED TRUSTS.

: To the numerous Fixed Trusts already in existence there has now been added yet another bearing the title of "‘ Investors General Fixed Trust." It has been formed by interests associated with Dawnay, Day and Co., Ltd., Merchant Bankers. The Royal Exchange Assurance are the trustees for the purchasers of sub-units. They issue the certificates, collect dividends on the underlying securities and distribute the income twice yearly to holders. Securities of twenty-four companies, all of them it is stated being prominent in different fields of British Industry, are included in the Trust Unit, while three well-known gold mines are also included. At the current price the gross annual yield is about £4 14s. per cent.