A Handy Guide to Safe Investments (Paperback)

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: within the letter of the law, which required that intending purchasers or sellers should give certain written instructions to their broker. Similar cases to this have frequently occurred, but always with the same result; the rogue has escaped through the meshes of the network of the law. A hint on this subject will doubtless tend to prevent a recurrence of analogous frauds. Application to a recognized broker is in all cases desirable, if not indeed necessary. The charge, or commission, is as follows: ?Eor Terminable Annuities, that is, for those annuities which have a specified time to run, 2s. Qd. per cent. on the amount invested; on funds not terminable at any specified time, also 2s. Qd. per cent.; on India Bonds and Exchequer Bills, Is. per cent. Every person making a transfer, whether male or female, must be known to be the person he or she assumes to be, and his or her identity has to be certified by the broker who negotiates the transfer, or by one of the principals of the Bank of England. The dividends are paid three or four days after they respectively become due, and it is desirable that all persons who sell stock should ascertain that they have received all the dividends due thereon up to the time of such sale. In the event of the non-receipt of any dividend, the name of the party to whom it is due will appear in due course in the Unclaimed Dividend Book, thus necessitating trouble and annoyance. It should also be borne in mind that the transfer books are shut for four or five weeks immediately preceding chapter{Section 4the day on which the dividends become due, this step being necessary for the calculation of the interest, and the preparation of the dividend warrants. Attention to this arrangement, the operation of which is easily ascertained, will preclude..