12 JANUARY 1934, Page 34

I have referred once again to these Fixed Trusts because

there is a tendency at the moment amongst investors to enquire for industrial shares as a kind of hedge against the possibility of a revival in trade with its possible effect in lowering prices of gilt-edged securities. In this matter, therefore, the investor has the choice of selecting for himself such industrial shares as seem to give the most promise of a good and steady return, or of acquiring units in these Fixed Trusts where profits and,

therefore, risks are averaged. A. W. K.