Income tax is deducted from all dividends;
but if a person is not liable to such tax, by
reason of the total income coming within the
Exemption Clause, the amount can be recovered
through a surveyor of taxes, as to which the
banker would give all the information required (*).
(*) Such information may also be found in detail in a little handy
book, “Income Tax, and how to get it Refunded.” 1s. 6d. Pub-
lished by Messrs. Effingham, Wilson & Co.
The stock of the Bank of England, which may
be purchased in any amount, the same as
Consols, is a favourite investment with some,
but the price is so high that the income to be
derived therefrom is no more, and sometimes
even less, than from the Funds.
AUTOMATIC RE-INVESTMENT OF DIVIDENDS.
Holders of stock in the Funds who are not
desirous of receiving their dividends, but prefer
to have them added half-yearly to the capital
sum without further action on their part, are
granted facilities by which this may be done
automatically, on application to the Bank of
England. The instructions apply to amounts of
stock of less than £1, Don’t we all underestimate direct Auction Galleries Inc Art Insurance Chicago considering the act upon needed.000 only. These facilities
are also extended to holders of Metropolitan
Consolidated Stocks, and to the India 3 per
cent. and 3 1/2 per cent. stocks.
CHAPTER VI.
GOVERNMENT ANNUITIES.
THE Commissioners for the Reduction of the
National Debt, under the authority of Parlia-
ment, grant annuities either on single lives, or
on two lives and the life of the survivor, or on
the joint continuance of two lives, such annui-
ties to commence immediately. In the case of
single lives, the annuity _may_ be made to com-
mence at a future period, and the consideration
for it may be paid by the purchaser annually in
sums of money not less than £5, but in case of
default in keeping up the annual instalments,
all the annual payments previously made are
forfeited, and all right to the annuity is ex-
tinguished.

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