DISTRIBUTION OF CAF THE VN 
The safety of capital is obtained by dlvid 
among a number of sound Stocks (2) of ic 
but (3) every Stock held being subject 
different market and trade influence. 
* NOTE.—For the reasons why all British Trustee 
the British Division, although they arc geographically i 
parts of the globe, see “ The Investment of Trust Fundi 
I. 
BRITISH 
DIVISION. 
England. 
Scotland. 
Ireland. 
Wales. 
All British 
Trustee 
Securities -:•> 
irrespective 
of their 
geographical 
situation. 
VI. 
AFRICA. 
Algeria. 
Abyssinia. 
Bechuanaland. 
Cape Colony. 
Congo F. State. 
Egypt. 
Gold Coast. 
Lagos. 
Morocco. 
Natal. 
Orange Riv. Col. 
Rhodesia. 
Sierra Leone. 
T ransvaal. 
II. 
BRITISH 
COLONIES. 
Australia. 
British 
Columbia. 
Canada. 
Ceylon. 
India. 
Labrador. 
Newfoundland 
New Zealand. 
VII. 
AMERICA 
North. 
United States 
of America. 
Alaska. 
III. 
EUROPE 
North. 
Belgium. 
Denmark. 
Germany. 
Holland. 
Norway. 
Russia. 
Sweden. 
Switzerland. 
VIII. 
AMERICA 
Central. 
British 
Honduras. 
Costa Rica. 
Guatemala. 
Honduras. 
Mexico. 
Nicaragua. 
Panama. 
Salvador. 
West Indies. 
eurÆ 
Sout?" 
Austria- . ' ' 
Hun/, 
Bulgaria 
France. 9 
Greece. 
Italy. t*' 
Montent 
STP 
MOSl 
ÇBERUN 
Passey 
DESS 
VIENNA 
NST. 
CAiscPr 
EGYPT 
SERIA 
Portugal 
Rouman* 
Servia. 
Spain. . 
Turkey. nT| X* BRITISH 
E. AFRICA 
IX. 
AMERI 
Soutl 
Argentin; 
Brazil. 
Bolivia. X 
British G 
Colombia 
Chill. APE - 
Dutch Gi 
Ecuador. 
French G 
Peru. 
Paraguay 
Uruguay. 
Venezuel 
Y* 
CONGO 
RHODESIA 
hjSxvjuu. 
TON