G 
79 
and the corresponding rise in value of its 
representative stocks. From time to time 
opportunities are also allorded of purchasing 
first-class low-yielding stocks at comparatively 
low prices, on account of the adverse trade and 
financial conditions temporarily prevailing in 
certain Geographical centres. 
The above are the main opportunities of 
increasing capital value in a sound and effica 
cious manner, the question of income-yield 
being regarded as a subordinate matter. The 
main principles of Geographical Distribution 
of Capital should be closely adhered to when 
lists are constructed for the purpose of accom 
plishing this object. Every stock which shows 
a fair increase of capital value should be sold 
as opportunity arises and re-invested on the 
same favourable terms as in the original pur 
chase, care being taken that the poise and 
counterpoise obtained by a proper geographical 
distribution is not thereby disturbed. 
VI. The Maximum Chance of increase in 
Capital Value, with entire disregard for Income. 
An investor who disregards Income and 
simply desires to increase his Capital should 
select the reasonably largest number of com 
paratively younger stocks standing at low 
prices (whether they yield a dividend or no