ESTABLISHED 1880. 
tibe investment IRegístrç, Xtò. 
2, WATERLOO PLACE, LONDON, S.W. 
Sir John Eolleston, D.L 
The Lord Elcho. 
DIEECTOBS— 
I P. BUBDETT-CUXNIXOHAM. 
I E. Mobtimeb Haklky. 
Hexby Lowbnfeld. 
SECEETABV-W. W. SMITH. ACCOUNTANT-WALTEB G. BELL. AUDITOES-Blakemore 
AND CO., 6, Old Jewry, E.C. BANKEES—LONDON & WESTMINSTER Bank, St. James’s Square, S.W. 
Lloyds BANK, Lombard Street, E.C. 
TWENTY-SIXTH ANNUAL REPORT, 
For the year ending 21th September, 1906. 
The Directors have pleasure in reporting as follows 
There are at present 311 shareholders on the Company’s Register. The Com 
pany’s gross Profits on Dealings and Sale of Publications have amounted to 
£46,326 5s. 3d., and after paying for all outgoings, and making provision for 
depreciation, &c., there is a net profit of £19,635 4s. lid. New Investment Lists 
representing a cash value of £2,918,017 have been entered on the Company’s 
Register during the year for the purpose of being re-constructed by the Company 
on the principle of Geographical Distribution of Capital. The refusal to under 
take speculative transactions for customers has produced a highly beneficial 
effect ; this policy will be continued. 
In April last the following half-yearly interim dividends were paid, viz •— 
at the rate of 5 A per cent, on the 1st Preference Shares, 10 per cent, on the 
Preference Shares, and £1 per share on the Ordinary Shares of the Company 
The Directors now propose to pay the following final dividends for the Company’s 
past financial year 5% per cent, on the 1st Preference Shares, 10 per cent, on 
the Preference Shares, and a further dividend of £3 per share on the Ordinary 
Shares of the Company. 
The Dividend now recommended will absorb £5,998, and leave a balance of 
£10,434 19s. Id. to be carried forward. 
By order of the Board, 
W. W. SMITH, Secretary. 
BALANCE SHEET, 27th September, 1906. 
CB. ASSETS. 
CASH AT BANKERS— 
London and Westminster 
Stocks, &c., ox Hand for Delivery on September 27th Settlement at Cost 
or Market Price ... ... ... ... ... ... ... ... ... ... 
ScNDBY Debtors ... ... ... ... ... ... ... ... ... ... 
Leasehold PbopebTY, Copyrights, Furniture, Fittings, Goodwill, and 
Securities on hand, &c 
£ s. d. 
28,443 10 1 
10,461 10 10 
170 IS 4- 
39,075 16 3 
41,858 3 4 
15,709 14 0 
76,429 0 1 
£173,072 13 8 
LIABILITIES. 
Da. 
Subscribed Capital- 
30,aw) 51 per Cent. First Preference Shares of £1 each 
DEDUCT—Amount unpaid 
40,007 10 per Cent. Preference Shares of £1 each ... 
1,000 Ordinary Shares of 10s. each 
SUNDBY CBEDITOBS—Clients 
Brokers ' 
Sundries 
Profit and Lohs account— 
Balance at 28th September, 1905 
ADD—Net Profit as per Profit and Loss Account 
DEDUCT—Dividends paid thereout 
115 0 0-36.165 0 0 
40.007 0 0 
* ... ... 500 0 0— 
... ... 46,351 9 5 
31,289 15 7 
• ... ... 2,336 9 7— 
6 837 3 11 
... ... 19,635 4 11 
26,472 8 10 
10,049 9 9— 
76,672 0 0 
79,977 14 7 
16,422 19 1 
.£173.072 13 8 
SögstSSSigsss 
6, Old Jewry, E.C. 
8th October, 1906 
BLAKEMOEE & CO., Chartered Accountants 
Auditors. 
M 2