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.

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