26 DECEMBER 1931, Page 28

Finance—Public & Private

A Year's Investment

Wrrn the passing of Christmas and the approach of the year-end, the investor is generally accredited by financial writers with the habit of reviewing his holdings, weighing up his profits and losses, and otherwise taking stock of his financial affairs. Whether this annual survey is a general custom among holders of securities is, perhaps, doubtful, for theoretically, at least, the prudent investor should keep in such close touch with his securities as to be continually abreast of their price movements and varying prospects. In the absence of such daily contact, the end of each year certainly does present an opportunity for going more deeply into investments than many of us can manage to do continually. The present is, therefore, a convenient time for a review of the developments which have governed price movements during the year now closing.