deed is a "security." The Government Funds,
stocks and shares in all companies, bonds,
foreign and otherwise, Corporation Stocks, &c.,
are all termed "securities." A convertible se-
curity is one which may be sold in the open
market, there being no restriction upon the
persons who may hold it.

We will now endeavour to put before the
reader some account of the various "securities"
in which the public invest their money accord-
ing to individual choice, and which (with the
exception of mortgage on real property-land
or houses) may be bought and sold in the stock-
market through the agency of a banker or
broker. Quotations of the market price of these
securities may be found in the Stock Exchange
list, which is published daily, and can be seen
at most bankers' offices. Many of them are
also quoted in the daily newspapers.


MORTGAGES.

To invest money upon mortgage is to lend it
to a person who has house or landed property,
and desires to borrow money at a certain speci-
fied rate of interest. The title deeds of the
property are deposited with the lender of the
money, together with a mortgage deed, which