THE Investment Trusts given in Section A of Appendix IV are arranged in Appendix V according to the date of their organisation. The figures there given for outstanding capital are as of 1922. As they are taken from a different source they do not always agree with the same items in Section A.
By reference to this list it will be seen that the oldest investment trusts date from the early Seventies, but few are organised until the last year of that decade. The period of greatest activity is the three-year stretch from 1888 to 1890, over thirty trusts being organised at this time. During the Nineties there is little activity, but further development appears from 1907 to the outbreak of the war.
About fifty companies in the fist of Section A have at present an outstanding share and debenture capital of $500,000 or over. After roughly classifying these by size, the following shows their approximate dates of organisation:
|Dates of organization|
and Debenture Capital
|£500,000-£1,000,000 . . .||20||2||1||7||10|
|£1,000,000-£2,000,000 . . .||16||3||1||11||1|
|£4,000,000 or above . . . . . . . . . .||4||. .||. .||4||. .|