WHY NOT POPULARISE CONSOLS?
To TUE EDITOR or THE " SPECTATOR."1
have just read your interesting article on "Windfalls" in the issue of July 10th, in which you remark that reversions "are bought and sold almost as freely as Consols." Pre- sumably I may deduce from this statement that it is very simple and easy to invest in Consols, but I am here confronted with statements, notably in the Economist, of the troublesome nature of the (what no doubt ought to be simple) operation of buying Consols for investment, especially as compared with the ease with which French Rentes, for example, can be bought and sold. I think you could do a good service to the public generally if you were to suggest to, and impress on, the powers that be some manner of making this class of investment niuch simpler, and consequently more popular, than it is at
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