The Fortnightly Review: No. CCCCLXIII, New Series [‎674v] (238/239)

appreciate your Real Financial S 5 osition.
Ihe MANCHESTER GUARDIAN of March 30, 1905, points out that
“ The keeping of PERSONAL INVESTMENT ACCOUNTS is very apt to be neglected ”
and recommends Harley’s Investor’s Complete Account Book as a remedy for this
neglect, adding that : “ Ihe publishers offer, for inclusive annual fees, to start the
account book, and to keep it up to date for any investor, but the book itself is
so simply arranged, and the directions and forms contained in it are so easily
understood, that even very indolent and unbusinesslike persons could keep their
accounts in it for themselves without much effort.” ^
The above is typical of notices 0 / Harley’s Investor’s Account Book and the other
ptioacafumso/Reinvestment Registry ivhich have appeared in many of the leading
1 Oili/lQ/tS •
The FINANCIAL NEWS of May30, 1905, in the course of an interesting
article on the Scientific Management of Investor’s Accounts, deals at length with the
methods and business of the Investment Registry, and says: The Investment
Registry, Limited, of 2 , Waterloo Place, was founded a quarter of a century ago.
i he o oject of the institution is two-fold : ( 1 ) to advise clients as to suitable invest
ments when they have their capital in hand, and ( 2 ) to keep them advised from
time to time of any changes which may occur in their securities in the market either
m a favourable or unfavourable sense. No matter what securities any investor
mav have placed his money in, the Registry is prepared to take his account in hand
and generally supervise it. . . . The number of separate accounts kept by the
Investment Registry reaches several thousands, and the work is carried out intel
ligently and regularly, and without a hitch from start to finish. The secret of the
whole thing is systematic co-ordination. The system, in a word, is now as near per
fection as it can be got. . A word must be said of the ‘geographical
distribution of money a subject to which some attention has alreadv been devoted
m these columns A system has been worked out with great care by the officials
nL, f 1Stry ’ by J ) vhl ? h rlsk 18 80 s P rea(1 that the capitalist is, practically speaking,
assured from any disaster, short of the falling in of the sky or something equally
comprehensive. I his geographical distribution of money is one which deserves
a great deal more attention than it customarily receives. The greatest danger
s that wInch is unforeseen, and subsequent repining does little to mitigate the loss.
+W hT . Investmen ^ Re g ls try s principles been universally followed out. it is possible
Wnp 10 ^ al I? n ?r an ? a 5™^° f a decade a S° mi ght have wrought less widespread
thil r l i h ? u U i ° f a 1 news P a P er artlcle jt is impossible to do more than give
ough sketch of so vast and so complicated a system. As a matter of fact, manv
columns might be devoted to the subject, and even then the layman would have
lm P e J f ^t understanding of the daily routine carried out bv the Registry.
? H i e work , ma 7 ^ gleaned from two small books published by the
fnTthSl • ed r f P cctlve} y‘How to Protect Capital ’ and ‘ How to Manage Capital,*
and these the investor may read with profit. It may be mentioned that the chairman
as a h t Marrh r 3 n S fh lrj0hn R ^ le ^ 0 \ M P-^nd that the figures of the balance-sheet
at March 30 this year indicate the Registry to be in a strong financial position.
method 1 ” 7 p Xp am w’ v 6 0 f o he smooth workm § is comprised in one word-
method. — Financial News. May 30th, 1905.
For Order Form see Inside.