—The Dividend Question—The Union Discount Figures—The Discount Companies' Function—Their Advantages.
CHAPTER XV
Their Attractions—A World-embracing Business—Its Complications—"Doubtful" Assets Scarce—The Investments—The Economist's Summary for 1924—High Prices of the Shares.
CHAPTER XVI
The Trust Company Principle—Wide Diversification—Their Attractions—The Edinburgh Trust's Career—Mr. Harman's Criticism of Trust Company Finance—Low Expenses—The Industrial's Full List of Investments.
CHAPTER XVII
Safety First—British Government Securities as Foundation—The Next Layer—The Ground Floor of Financial Ordinary Shares—The Upper Storeys—"Promising" Securities—Some Simple Rules.
CHAPTER XVIII
A Serious Problem—Social Danger and Bad Investment—What Can be Done?
