A PREFERENCE SHARE LIST Industrial ordinary shares are for those
who can afford to take the brunt of the risks of business. Investors to whom safety, as distinct from appreciation of capital, is important but who are also seeking an income return of 4} to 5 per cent. have a fairly wide range of choice in the preference share field. Here is a group offering better than average cover in relation to the income return : No. of Times Dividend Current Covered. Price.
Baldwins 41 per cent. Cumulative £t
Yield.
of
£ s. d.
Pref. .. . .
8 20'- 4 5 0
Carpet Trades 5 per cent. Cum. £ Pref. .. . .
4 21/6 4 14 0 English Electric 61 p.c. Cum. £t P ref. 21 261- 5 o o Pease and Partners 5 p.c. Cum. £i Pref. 21
5 o o
Union Castle Steamship 6 p.c. £i C 1.1111.
"A " Pref. .. . .
21 26/6 4 r6 6 An investment fund spread over these five preferences would bring in the useful average yield of roughly £4 15s. per cent.
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