Documenti ispano-genovesi dell'Archivio di Simancas

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Monograph

Identifikator:: 176352146X

URN:: urn:nbn:de:zbw-retromon-145495

Document type:: Monograph

Title:: Documenti ispano-genovesi dell'Archivio di Simancas

Place of publication:: Genova

Publisher:: Co' tipi del R.I. de' Sordo-Muti

Year of publication:: 1868

Scope:: 291 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Documento XIV. Relazione di Andrea D`Oria a Cesare. 1547, 4 gennaio

Collection:: Economics Books

"by the borrower ; but, in the case of stocks and shares of other types, revenue consists of the nett income earned during a given period. The safety of revenue derived from rates and taxes is estimated from officially published statistics which are accessible to all. The earnings of companies are published in their annual balance-sheets, copies of which are also obtainable in most cases. In How to Manage Capital we explain how investors, by means of the statistical information, can appraise the income safety of every investment almost at a glance, and we will, for this reason, here simply state the main rules for estimating income probabilities :— 1.—Income is safe from Railway and Industrial Debentures and Preferences when the Company has a large surplus income remaining after satisfying these obligations. The safety of income derived from Govern ment and Corporation Loans mainly depends on the political and financial honesty of the individual Government or Corporation, and must, therefore, be gauged by past records, taken in conjunction with the budget and revenue returns. If a Government or a Corporation has met all its obligations without failure or delay for a period of ten years immediately preceding

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