“FIXED TRUSTS.”
PROTECTION OF INVESTMENTS. (United Press Association—Copyright). LONDON, January 7. A committee representing the managers of a number of “fixed trusts” has issued a statement about the report of a stock exchange sub-commit-tee on the fixed trust movement published at the end of last week. The statement welcomes the investigation conducted by the Stock Exchange Committee, and notes with satisfaction the testimony paid by the report to the genuine public demand which the movement is satisfying. Recognising the need for protecting the movement against abuse jn the hands of undesirable promoters, the statement announces the formation of a properly-constituted association ol fixed trust managers, which will cooperate with the trustees in an approach to the Board of Trade with a view to a promotion of the legislation advocated by the Stock Exchange Committee. The membership of the proposed association will, in the meantime, be limited to the managers of the fixed trusts which accept the draft rules and regulations drawn up by the Stock Exchange Committee.—British Official Wireless, .
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Bibliographic details
Ashburton Guardian, Volume 56, Issue 74, 9 January 1936, Page 5
Word Count
169“FIXED TRUSTS.” Ashburton Guardian, Volume 56, Issue 74, 9 January 1936, Page 5
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