A Treatise on Investments; Being a Popular Exposition of the Advantages and Disadvantagaes of Each Kind of Investment ...

A Treatise on Investments; Being a Popular Exposition of the Advantages and Disadvantagaes of Each Kind of Investment ...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1852 Excerpt: ...amount (8?. per share); so that the holders of these receive at present more than the general rate of dividend; they received last half-year (ending December 1851), when the dividend was at the rate of 6?. per cent., 12s. per share, the dividend on 20?., less 4s., the 5?. per cent. on the uncalled amount (8?. per share); that is, they had 8s. per share for the half-year on their paidup capital of 12?. per share, which is nearer 71. than 61. per cent. per annum. This advantage will cease to the holders of these shares, and accrue to the company generally, on those shares being paid up in full. The same is the case in respect to the 10?. shares, amounting to 692,120?., on which only 1?. or a tenth is now called. In the table 6,467,085?. is stated as the guaranteed Preferenand preferential capital authorized to be raised. This " capl is at present the case, but the quarter shares falling in as ordinary unprivileged stock in July 1852, and the 20?. and 10?. shares losing their advantages when fully paid up, it follows that the 13?. 10s. shares (Coventry and Nuneaton) amounting to only 270,000?. when fully paid up, bearing a fixed dividend of 5?. per cent. surplus profits, will be ultimately the only preferential share capital remaining, except the new debenture stock for the conversion of the loans into capital be regarded as preferential share capital. The company have, however, other " preferential charges " in the shape of rents to leased companies. On the whole, the amount of "preferential charge" mentioned in the table, and which includes the interest on loans, and all guarantees, and rents, may be regarded as the maximum the company (unless it further extends its dominions) will ever bear. The probability is, that in future years ...show more

Product details

  • Paperback | 84 pages
  • 189 x 246 x 4mm | 168g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1130576868
  • 9781130576863