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of  our  upstanding  pins  as  possible.  In  this
way,  also,  the  equipoise  of  our  investment
risks  will  remain  undisturbed.
For  very  large  amounts  of  capital,  more
than  the  ten  suggested  Geographical  Divisions
may  be  made  by  means  of  further  subdivisions, ­
  care  being  taken  always  to  secure
a  well-balanced  distribution.  At  the  end  of
Chapter  VII.  of  this  book  will  be  found  an
extended  list  of  all  the  principal  Stock
Exchanges  of  the  world,  showing  the  main
divisions  under  which  they  fall,  and  in  each  of
which  it  is  possible  to  find  stocks  that  are
mainly  or  wholly  controlled  by  its  own  market
dealings.
In  addition  to  the  division  of  the  earth’s
surface  into  contrasted  trading  centres,  it  will
be  seen  from  the  coloured  map  that  we  have
included  a  tenth  division,  which  bears  an
international  aspect.  In  this  division  we
include  all  the  undertakings  or  concerns
which  trade  between  nations,  like  Shipping
Companies,  Marine  Insurance  Companies
and  Cable  Companies.  This  is  an  extremely
important  division  and  it  should  be  represented ­
  in  every  Investment  List  where  the
smallness  of  the  capital  sum  precludes
the  investor  from  achieving  a  world-wide  distribution. ­
  The  reasons  for  always  investing  a