Foreign Credit Facilities in the United Kingdom: A Sketch of Post-War Development and Present Status

By Leland Rex Robinson | Go to book overview

CHAPTER XIII SOME TYPICAL INVESTMENT TRUSTS

AN understanding of an investment trust as a going concern can best be gained by examining its accounts over a period of years. Let us choose for this purpose the Edinburgh Investment Trust, and the Second Edinburgh; and segregate certain items of significance throughout the life of each.1

Column (1) of the table below shows the net revenue from interest and dividends, after all administrative expenses have been deducted, and the debenture and preferred stockholders paid. Column (2) gives the amount of this available fund which has actually been distributed from year to year, and the dividend rate follows. Under Column (4) appear the accumulating amounts which are carried forward from year to year in the revenue account--being composed for the most part of the net under Column 1 which has not been distributed, used to "write off" depreciated securities, or shunted into the reserve account. Column (5) indicates profits from turnover of holdings, and the two following columns account every year for the use of the entire amount, either in the "invisible" reserve (Column 6), or in increasing the "visible" reserve (Column 7). The last column shows the reserve (i. e., the "visible" or balance-sheet reserve). Because so many items are left out in so compressed a table it must not be expected that the several columns will always exactly supplement each other. The footnotes will explain the recent changes in Column (8).

____________________
1
Most of these figures are not official. They are computed from data examined in the offices of the companies.

-167-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Foreign Credit Facilities in the United Kingdom: A Sketch of Post-War Development and Present Status
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 252

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.