Finance—Public & Private
Investments and Politics
WHEN explaining in my article last week some of the reasons responsible for the fall in British Government securities, and the rise in Industrials and the more specu- lative markets, I said that I would endeavour this week to give some indication as to whether these tendencies were likely to be long-continued. Especially, I think, genuine investors :are]. concerned with the depreciation which has taken, place - in gilt-edged stocks, for it is in those securities that _the_ investor has for so long sought refuge and has been content to accept a low yield, diminished still further by the high Income Tax, in return for what he regarded as not only absolute safety in the matter of income but also comparative freedom from violent fluctuations in market values.
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