Page 13 Advertisements Column 1

Press, Volume CI, Issue 29766, 8 March 1962, Page 13

• J—rW® YOU SHOULD CONSIDER THE ADVANTAGES OF INVESTMENT WITH THE DELFIN AUSTRALIAN FUND INC. Most individual portfolios today will show a capital depreciation over the past twelve months. Is this so in your own case? If it is, it is time yon took steps to safeguard your investments and to eliminate the possibility of this same degree of loss in the future. PROOF OF THE SUCCESS of the Delfin Australian Fund is provided by comparison of the performance of its shares against those of the Stock Market. In September, 1960, the Sydney Stock Exchange Index for ordinary shares stood at 348.46. As at 26th February, 1962, it is 322.35, a decline of 7.5%. The price of shares in the Delfin Australian Fund during this period has in fact risen from the opening price of 4/8 ea. to 5/1 —an overall gain of 8.9% or a total difference of more than 16%. This demonstrates the value of skill in. managing an investment portfolio. IT IS A BASIC PRINCIPLE OF INVESTMENT practice not to place all of one’s eggs in the one basket and that is precisely why the Delfin Australian Fund is successful —because wise investors can enjoy a spread over hundreds of sound companies, with maximum security and at the same time be relieved of worry, by sound financial management. CAPITAL GROWTH. The accent is not on income but rather on capital growth, and this in itself brings additional substantial benefits to investors. DIVIDEND WITHHOLDING TAX. Simply said, the income from your Australian investments will normally be subject to a withholding tax of 3/- in the pound. This tax will be deducted by the Australian company when paying a dividend to non-residents. The operation of The Delfin Australian Fund Inc. is such that as the accent is on growth rather than income, portion of the dividend income is retained by the Fund and re-invested on your behalf in the Fund and in this way is not subject to such withholding tax. READY MARKETABILITY. Under the constitution of the Fund, either the Management Company which manages it or the Fund itself, will redeem its shares at net asset value whenever required to do so. Shares in the Fund can be turned into cash quickly, while maximum safety of capital is insured. ‘ THE TIME TO INVEST IS NOW-WHEN CONFIDENCE IS RETURNING. As the present economic stringency passes and the effect of the Government-inspired stimulus is beginning to take, effect, investors in Australia will gain further confidence. There are unmistakable signs that this is already occurring. We are sure, therefore, that you will see the price of shares in The Delfin Australian Fund increase and that by virtue of the skill and knowledge which those managing the Fund possess, investors in the Fund will obtain benefits additional to those which they could obtain by investing independently on their own account. .THE DELFIN AUSTRALIAN FUND INC. 16 O'CONNELL STREET, SYDNEY 1 THE DELFIN AUSTRALIAN FUND INC. I BOX 4028, G.P.0., SYDNEY ■ Mill Please send me, without obligation, a copy of your prospectus -.Tjj**' “The Delfin Australian Fund. ■ NAME _„ ; I CPU