"FIAT LUX" REPLIES TO CORRESPONDENTS

NZ Truth, Issue 1220, 18 April 1929, Page 9

"FIAT LUX" REPLIES TO CORRESPONDENTS

"Farmer" (Auckland): ' (1) Have closely studied the accounts of this firm each year as issued for the past four years, and believe it to now be on a sound basis. ■ The ordinary shares show a better rate of return than the preference. You have to remember that m aconcern of this kind its prosperity is very closely linked with the prosperity of the primary producer, and if the latter suffers through failure of overseas markets, then this concern will also suffer. Am of opinion the shares are a reasonably good investment. • (2) No, these shares cannot be considered as a good investment; m fact, they cannot be classed as an "investment" at all within the trye meaning \ of the term. The writer does con-

sider the ordinaries a good speculation and if you can afford to risk losing your money, have a gamble with £50 worth of them. "Investor" (York Bay) : Not at all impressed with the prospects of the first two concerns you mention; have not come across the third company you refer to. "Napier South": (1) On the information you supply it would appear to be a much better proposition to hold on until the re-purchase clause becomes operative rather than sell now at a heavy discount. (2). Write the company direct for information. Their annual report and accounts should be issued quite soon, and when they cdme to hand puss them along to this offlceV