must adhere closely to the three cardinal rules 
for obtaining capital safety, as defined on 
page 11 of this book. In return for this 
additional trouble he will obtain an increased 
yield of up to l£ per cent., and he will 
experience no difficulty in making his capital 
produce about five per cent. He should confine 
himself exclusively to sound Debentures, Bonds, 
and first-class Preference shares, and he should 
avoid all stocks which are easily swayed by 
political and monetary influences, or financial 
cliques or combinations, taking in preference 
issues which are less liable to these influences. 
By these means his capital safety will be quite 
as secure as if he had invested in accordance 
with Example I. 
III. Reduced Capital Safety compensated by 
a comparatively high yield. 
An investor who is forced by circumstances 
to make his capital return him a larger yield 
than .five per cent, can achieve this object by 
taking additional trouble over his investments. 
The stocks which he selects should in the main 
be of the same nature as those described in 
Example II., yet giving a higher yield. 
Ordinary stocks and shares situated in old- 
established industrial centres may be blended