Full text: Investment, an exact science

94 
Canada and India are both unlike Australia 
in their trade movements ; while in North 
Europe, Belgium and Switzerland, although 
near neighbours, show similar differences in 
their respective trading conditions (see chart 
of price-movements in different countries). 
Indeed, by consulting a financial expert who 
thoroughly understands the Geographical 
Distribution of Capital, new divisions can 
be arranged in any quarter of the globe 
where it seems to be expedient. This is a 
very important point to bear in mind when 
it is desired to realise any particular stock 
which has shown a substantial appreciation. 
We will proceed to illustrate on the map how 
these realisations and re-purchases should be 
carried out in practice. 
Let us suppose that the stock which is 
represented by the pin in Italy shows a 
realisable value considerably above cost price. 
That is to say, suppose that after a period of 
trading prosperity the increased purchasing 
power of the Italian investor has carried the 
price of Italian stocks up to a point where on 
their realisable value they return but a low 
rate of interest. Then this stock should be 
realised at a considerable profit, and the 
proceeds should be invested in a stock of the 
same width of fluctuation in a country in the
	        
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