BRITISH CONSOLS

Press, Volume LVI, Issue 10333, 29 April 1899, Page 9

BRITISH CONSOLS

As there'are not a few investors resident in the.Australian colonies who have money in British consols it may be well to direct attention to certain alterations in connection with dividend payments. The Bank of En-gland announce that in pursuance of the powers vested in it-by section 4of the National Debt Act lboy, the bank, with the incurrence of her Majesty's Treasury, has mode' certain fresh regulatdons for the payment of dividends, which will considerably extend the facilities for receiving warrants by post. « At present dividend warrants are sent by post only upon the formal request of the stock holders. On and after Ist July next warrants will, in the absence of instructions to the contrary, be sent by post, without application, to sole stock holders, and to first stock holders in joint accounts. Where it is desired that the warrants be sent to anyone else, application in the prescribed form will be necessary, as at present. On and after the same date dividend can be received by stock holders, on personal attendance at the bank, only upon their written request,on a form that will be supplied to them .on application. The request should be lodged about five weeks before the dividend is due. Forms of request may be obtained at the Bank of England or at any of its branches.