87 
cent, can satisfy their requirements amongst 
the Debentures and Preferences of old- 
established Home Industrial Companies, 
whilst in other geographical divisions they 
will find that they have a wide choice amongst 
Foreign Railway Mortgages and Preference 
Stocks. Investors requiring from 5 to 0 per 
cent, upon their invested capital will find a 
fair selection amongst Ordinary stocks and 
Foreign and Colonial Industrial Debentures 
and Preferences ; but in the British division 
such a return is only obtainable from Industrial 
Issues of lesser repute. 
In How to Manage Capital we give a detailed 
explanation as to how the comparative class, 
value and safety of individual securities is 
determined, and in the Investor s Year Book 
and the Financial Review of Reviews is 
set forth the statistical information neces 
sary to ascertain the dividend safety and 
the widths of fluctuations of all the securities 
contained therein. With a very little practice 
the investor will find himself thoroughly com 
petent to arrive at a correct opinion on these 
two points. 
As we have already indicated in the 
examples given earlier in this chapter, it 
ns in the selection of the quality of the 
investments to be held that the investor must