INVESTMENT AVENUES.

New Zealand Herald, Volume LXV, Issue 20116, 29 November 1928, Page 12

INVESTMENT AVENUES.

VALUE OF SOUND SHARES.

APPRECIATION IN A YEAR. EXCHANGE CHAIRMAN'S REVIEW [BY TELEGRAPH. —OWN COKTIESrONDENT.] WELLINGTON, Wednesday.

The annual meeting of ,tho Wellington Stock Exchange was held to-day, when all the retiring officers were re-elected. Mr. R. Wynn Kirkhy, who succeeded tho late Mr. A. T. Rate as chairman, has held that position for several years. Tho chairman said whilo many of the best shares on the list return only about 5 per cent, or less on tho purchase price, there was the fact that tho sound shares, such as insurance, etc., were practically gilt-edged investments and were certain in the long run to increase in value and thus ultimately produce a better return than mortgage debentures or fixed deposits. As compared with a year ago bank shares showed an average increase in valuo of 7jJ per cent., financial companies per cent., gas coin panics 6J per cent., insurance companies lOj per cent, and meat companies 14, per cent. With respect to meat companies the increase was duo largely to tho fact that a yeai ago these concerns wire suffering from dull times and their shares were abnormally low. Regarding tho iinmediato future, as tho Dominion's principal export products wero selling well t.heso would bring in a substantial monetary return to tho Dominion, which would stimulate trade and activity all round. This would mean that more money would be available for investment, and brokers should have a good year in front of them.