same  main  division,  but  whose  credit  is  below
its  normal  point.  Let  ns  suppose  these  conditions ­
  obtain  in  Austria,  so  that  our  purchase
will  consist  of  an  Austrian  stock  of  kindred
quality  to  the  Italian  stock  which  has  just  been
sold.  Our  capital  will  then  have  been  enhanced
by  the  profit  realised  on  the  Italian  stock  and
will  now  stand  a  further  chance  of  enhancement ­
  in  the  future.  Moreover,  the  balance  of
our  investment  scheme  will  not  be  imperilled,
for  if  we  transpose  the  pin  from  Italy  to  the
spot  denoting  Vienna  we  still  find  our  pincovered
  map  shows  a  similarly  wide  distribution
of  capital  over  the  whole  surface  of  the  globe
as  it  did  originally.
Again,  if  the  appreciated  stock  is  the  one
denoted  say  by  the  pin  fixed  in  Buenos  Ayres,
we  then  purchase  another  similar  stock  in
some  other  part  of  South  America,  and  whereever
  we  place  the  pin—whether  in  Para,  or
Valparaiso,  or  Rio  de  Janeiro—we  still  find  an
equally  wide  distribution  of  our  capital
evidenced  by  the  symbolic  pins  on  our
coloured  map.
If  it  should  happen  that  no  country  in  the
same  division  affords  a  suitable  investment,
then  we  must  look  at  the  pin-covered  map,
and  choose  a  favourable  stock  in  some  other
division  which  is  as  far  removed  from  any