26
Investing at "its Best and
price, and other merits or demerits of all stocks can be
weighed against each other.
The investments available in each geographical area
are thus constantly being compared, and by a gradual
process of elimination the safest, cheapest, and most
desirable investments of each known class and quality
in each geographical investment area are ascertained.
A register is kept wherein the particulars of those
stocks that have finally emerged from the tests are
entered. This register serves as a means of estimating
the relative desirability of any investment a client of
the Registry may hold, and also as an index from which
the investments recommended for purchase are chosen.
It must be remembered that every investment,
whether British, Foreign or Colonial, is always in a state
of flux, and that a stock which was the safest, cheapest,
and most remunerative to hold some time ago might,
through changes occurring in the lapse of time, rank
in an inferior category to-day. For this reason the
register above described must, if it is to remain really
valuable, be constantly examined and revised. This
work the Registry regularly performs.
Years of labour have been necessary to establish so
complete a record of facts relating to investments in all
parts of the w r orld, and consequently a great capital
outlay was entailed. The maintenance of the system,
too, involves great expense. A staff of over eighty
employes, each of whom had to be specially trained for
the work, is solely engaged in keeping up and applying
this particular section of the Registry’s business.