GOOD PREFERENCE SHARES

Fixed interest securities are holding their ground well in face of the political risks, many investors having doubtless decided that while the weather is too stormy to justify putting out far from the shore, there.is nothing "sufficiently alarming to necessitate keeping money in the bank. The preference share. group still offers the attractions of reasonable yields in relation to the security offered, as the following group indicates :

No. of Times Dividend Current Covered. Price.

British Oil & Cake Mills 5i per cent. £ Yield.

s. d.

Li Cum. Pref. • •

18 26/6 4

I 6

Colvilles 5i p.c. Cum £x Pref. 5 24/9 4

9 0

Venesta 7 p.c. Cum. £x Pref. .. 3*

27/-

5

3 8

Houndsditch Warehouse 5 p.c. Cum. krPref. 5 19/6 5

3 0

Borax Consolidated 6 p.c. Non.-Cum. £5 Preferred ..

110,1-

5

9 0 Debenhams 61. p.c. LI First Pref. ..

41

29/-

4

10 0

The cover in all these instances is ample on the basis of current parnings,,and.tbe.ingorne_returns range from just over. 4 to just under 5i per cent. The average yield on an invest-

ment spread evenly over these half-dozen shares would be £4 17s. per cent.