Ordinary stocks depend on the profits for the
year for the interest they yield, and thus afford
a wide field for speculation. The stocks of the
great English lines may be relied upon as a
good investment, the profits being steady and
sufficient to assure a fair amount of interest
after satisfying the prior claims of debenture
and preference stocks.

Ordinary stock may also be purchased in any
amount, and the warrants for interest are sent
half-yearly to registered holders of stock.

In all cases railway warrants of every kind
will, upon written request to the secretary of the
railway company, be forwarded periodically to
the bankers of the holder of the stock for the
credit of his or her account.


INDIAN RAILWAY STOCKS.

These are a favourite investment with the
British public. They consist of Debenture,
Guaranteed, and Ordinary stocks. The Deben-
ture stocks are similar to those of British rail-
ways, and are a first charge on the undertaking.
The Guaranteed stocks are those upon which
there is an undertaking by the Secretary of