"Fiat Lux" Replies

NZ Truth, Issue 1305, 18 December 1930, Page 11

"Fiat Lux" Replies

"A.W." (Auckland): We have but little information regarding the concern, but it seems to be sound enough. ■Worried" (Christchurch): We have a poor opinion of the prospects of this concern. Beware of travelling bonds and share peddlers. "G.M." (Petone) We do not recommend this investment m your circumstances. . Go for safety first, and put your money m the Post Office. "Investor" (Mount Eden): We cannot give a useful criticism without at least three years' figures, and have only 1929 and 1930. If you can obtain previous balance-sheets,- we will review the concern. That for 1928 will be sufficient. "Paparata" (Ohura): The prospects of this concern, and the industry generally, are poor. You must judge for yourself 'whether to go on or pull out. It is no use asking our advice after you have committed yourself. "Happy Days" (Wairoa): We do not think you will get much out of this. Nothing you do will affect the situation either way. We do not recommend the 1 other concern. "Inquisitive" (Christchurch): The trading system you mention is, m our opinion, vicious, and subversive of sound commercial principles. As regards your second question, Fiat Lux is willing to give financial advice, but not to solve arithmetical puzzles. "Zepplln" (Auckland): The concern you mention is sound, able to fulfil its contracts, and presumably has complied with all requirements of the law. It is hard to say how sound any financial institution is that holds heavy lines of Australian securities to-day, but waiving this point, the A.M.P., National Mutual, Australian Provincial, T. and G., N.Z. i Government Life, and Mutual Life are all good local offices. The oraer of preference is a matter of point of view and too big a question to admit of a brief answer. - __——_—_