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Everybody's Guide to Money Matters: with a description of the various investments chiefly dealt in on the stock exchange, and the mode of dealing therein by William Cotton
page 41 of 144 (28%)
Bank of England, per post, they will send from
time to time without further notice a warrant or
order for the amount due, which warrant or order
may be paid into a bank account, or, on a proper
introduction, cashed at any bank or post office.
The simplest plan, however, may be to give your
banker a Power of Attorney to receive the divi-
dends from time to time and place the amount
to the credit of your account.

Income tax is deducted from all dividends;
but if a person is not liable to such tax, by
reason of the total income coming within the
Exemption Clause, the amount can be recovered
through a surveyor of taxes, as to which the
banker would give all the information required (*).

(*) Such information may also be found in detail in a little handy
book, "Income Tax, and how to get it Refunded." 1s. 6d. Pub-
lished by Messrs. Effingham, Wilson & Co.

The stock of the Bank of England, which may
be purchased in any amount, the same as
Consols, is a favourite investment with some,
but the price is so high that the income to be
derived therefrom is no more, and sometimes
even less, than from the Funds.


AUTOMATIC RE-INVESTMENT OF DIVIDENDS.
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