Everybody's Guide to Money Matters
Everybody's Guide to Money Matters by William Cotton, F.S.A.
APPENDIX
TABLE OF INTEREST ON INVESTMENTS.
Showing how the rate of interest actually received varies according to the amount paid for the Stock.
Example. -If a purchaser gives £88 for £100 6% stock, he will find that the rate of interest on the sum invested is £6 16s. 6d., being the amount in the column headed 6%, opposite to 88 in the first column.
---------------------------------------------------------------------- |Price| | | | | | | | | per | 3 | 4 | 4 1/2 | 5 | 5 1/2 | 6 | 7 | |£100.| pr. ct.| pr. ct.| pr. ct.| pr. ct.| pr. ct.| pr. ct.| pr. ct.| |-----|--------|--------|--------|--------|--------|--------|--------| | £ | £ s. d.| £ s. d.| £ s. d.| £ s. d.| £ s. d.| £ s. d.| £ s. d.| | 125 | 2 8 0| 3 4 0| 3 12 0| 4 0 0| 4 8 0| 4 16 0| 5 12 0| | 120 | 2 10 0| 3 6 8| 3 15 0| 4 3 4| 4 11 8| 5 0 0| 5 16 8| | 115 | 2 12 2| 3 9 7| 3 18 3| 4 7 0| 4 15 8| 5 4 4| 6 1 9| | 110 | 2 14 6| 3 12 9| 4 1 9| 4 10 11| 5 0 0| 5 9 0| 6 7 3| | 105 | 2 17 2| 3 _6_ 2| 4 5 9| 4 15 3| 5 4 9| 5 14 4| 6 13 4| | 98 | 3 1 3| 4 1 8| 4 12 10| 5 2 0| 5 12 2| 6 2 6| 7 2 10| | 96 | 3 2 6| 4 3 4| 4 13 9| 5 4 2| 5 14 4| 6 5 0| 7 5 10| | 94 | 3 3 9| 4 5 0| 4 15 7| 5 6 4| 5 17 0| 6 7 6| 7 8 10| | 92 | 3 5 3| 4 7 0| 4 17 10| 5 8 9| 5 19 7| 6 10 6| 7 12 3| | 90 | 3 6 8| 4 8 10| 5 0 0| 5 11 1| 6 2 3| 6 13 4| 7 15 7| | 88 | 3 8 3| 4 10 10| 5 2 4| 5 13 7| 6 5 0| 6 16 6| 7 19 0| | 86 | 3 9 9| 4 13 0| 5 4 7| 5 16 3| 6 7 11| 6 19 6| 8 2 9| | 84 | 3 11 6| 4 15 4| 5 7 3| 5 19 1| 6 11 0| 7 3 0| 8 6 9| | 82 | 3 13 1| 4 17 6| 5 9 7| 6 2 0| 6 14 2| 7 6 3| 8 10 7| | 80 | 3 15 0| 5 0 0| 5 _7_ 6| 6 5 0| 6 17 6| 7 10 0| 8 15 0| | 78 | 3 17 6| 5 2 10| 5 15 8| 6 8 7| 7 1 6| 7 14 3| 9 0 0| | 76 | 3 18 10| 5 5 2| 5 18 4| 6 11 6| 7 4 7| 7 17 8| 9 3 11| | 74 | 4 1 0| 5 8 0| 6 1 6| 6 15 0| 7 8 6| 8 2 0| 9 9 0| | 72 | 4 3 4| 5 11 1| 6 5 0| 6 18 11| 7 12 9| 8 6 8| 9 14 5| | 70 | 4 5 9| 5 14 3| 6 8 7| 7 2 10| 7 17 6| 8 14 3|10 0 0| | 68 | 4 8 1| 5 17 6| 6 12 2| 7 7 0| 8 1 9| 8 16 3|10 5 9| | 66 | 4 10 0| 6 0 0| 6 15 0| 7 10 0| 8 5 0| 9 0 0|10 10 0| | 64 | 4 13 9| 6 5 0| 7 0 8| 7 16 3| 8 11 10| 9 7 6|10 18 9| | 62 | 4 16 9| 6 9 0| 7 5 1| 8 1 3| 8 17 4| 9 13 6|11 5 9| | 60 | 5 0 0| 6 13 4| 7 10 0| 8 6 8| 9 3 4|10 0 0|11 13 4| | 58 | 5 3 5| 6 17 10| 7 15 1| 8 12 4| 9 9 7|10 6 10|12 1 4| | 56 | 5 7 1| 7 2 10| 8 0 8| 8 18 6| 9 16 4|10 14 3|12 10 0| | 54 | 5 11 9| 7 8 0| 8 6 9| 9 5 0|10 4 3|11 2 0|12 19 0| | 52 | 5 15 3| 7 13 6| 8 12 10| 9 12 3|10 11 4|11 10 6|13 9 0| | 50 | 6 0 0| 8 0 0| 9 0 0|10 0 0|11 0 0|12 0 0|14 0 9| | 48 | 6_15_ 0| 8 6 8| 9 7 6|10 12 6|11 9 0|12 5 0|14 11 8| | 46 | 6 10 4| 8 13 10| 9 15 0|10 17 4|11 19 0|13 0 0|15 4 2| | 44 | 6 16 1| 9 1 10|10 4 6|11 1 9|12 10 0|13 12 9|15 18 2| | 42 | 7 2 9| 9 10 2|10 19 3|11 18 0|13 2 0|14 5 3|16 13 4| | 40 | 7 10 0|10 0 0|11 5 0|12 10 0|13 15 0|15 0 0|17 10 0| | 36 | 8 6 8|11 2 2|12 10 0|13 17 9|15 5 0|16 13 4|19 15 7| | 32 | 9 7 6|12 10 0|14 1 3|15 12 6|17 3 9|18 15 0|21 17 6| | 30 |10 0 0|13 6 8|15 0 0|16 13 4|18 6 8|20 0 0|23 6 8| | 26 |11 10 0|15 7 9|17 6 3|19 5 0|21 3 6|23 1 6|26 18 6| | 20 |15 0 0|20 0 0|22 10 0|25 0 0|27 10 0|30 0 0|35 0 0| | 15 |20 0 0|26 13 4|30 0 0|33 6 8|36 13 4|40 0 0|46 0 0| | 10 |30 0 0|40 0 0|45 0 0|50 0 0|55 0 0|60 0 0|70 0 0| ----------------------------------------------------------------------
EXAMPLES
OF BUSINESS COMMUNICATIONS.
CORRESPONDENCE.
(Sending Money by Post.)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
Please place the amount of the enclosed cheques and
notes to the credit of my account and acknowledge receipt
to
Yours faithfully
JANE SMITH.
Cheque £20 0 0
Notes £45 0 0
-------
£65 0 0
(Requiring Money.)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
I shall be obliged by your sending me under registered
cover to the above address £15 in £5 Bank of England
notes for which I enclose my cheque.
Yours faithfully
JANE SMITH.
Blanktown.
(Acknowledging Receipt.)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
I have to acknowledge with thanks the receipt of £15
in bank notes.
Yours faithfully
JANE SMITH.
Blanktown.
(Transfer to Deposit Account)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
I shall be obliged by your transferring £300 from
my current account to a deposit account and forwarding
me the receipt.
I enclose a cheque for the amount.
Yours faithfully
JANE SMITH.
Blanktown.
(Arranging for Cheque to be Honoured by
Another Bank.)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
I shall be obliged if you will advise your Branch
_(or some other Bank)_ at Liverpool to pay me £20 on
application.
Yours faithfully
JANE SMITH.
Blanktown.
(Request for Passport and Circular Notes.)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
I propose during the next two or three months to travel
on the Continent accompanied by my niece, Miss Lucy
Smith, and my maid, Jane Parker. Will you kindly obtain
a passport for us and also forward me £100 in circular
notes, for which I enclose my cheque.
Yours faithfully
JANE SMITH.
Blanktown.
(Ordering Letter of Credit to Remit.)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
I desire to send £120 to John Smith, residing near
Winnipeg, in North America; and shall be obliged if
you will send me the necessary form to remit to him so that
he may obtain the money without difficulty or delay.
Yours faithfully
JANE SMITH.
_N.B. -- Remittances in this way can be sent to almost
every town in the civilised world._
(Remitting in this Country.)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
I shall be obliged by your advising your Branch Bank
(or some other Bank) in Leeds, to pay George Jones on
application the sum of £54, for which I enclose a cheque
and a specimen of Mr. Jones's signature.
Yours faithfully
JANE SMITH.
Blanktown.
(Lodging Securities at Bank.)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
I shall be obliged by your taking charge for me of some
securities which you will find specified on the other side, and
hold them for safe custody. Please also cut off and collect
the coupons attached to the Bonds and place the amounts
from time to time, as they fall due, to the credit of my
account.
Yours faithfully
JANE SMITH.
Blanktown.
(Order to Receive Dividends.)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
I am desirous that the dividends or interest in my stock
shall be paid to the bank direct for the credit of my
account.
Kindly send me the proper form or order for my sig-
nature.
Yours faithfully
JANE SMITH.
Blanktown.
(Ordering Investments.)
Address___________________
Date___________________
The Manager,
Blankshire Bank.
Sir,
Please purchase on my account £500 stock 2 3/4 per
cent. Consols at the market price, and send me an account
of the same when I will forward my cheque in payment.
Yours faithfully
JANE SMITH.
Blanktown.
Or
Please purchase £500 Preference _(stating which stock)_
Stock in the Great Blankshire Railway, at a price not
exceeding £150 per cent., in my name, and send me the
account for the same, when I will forward my cheque for the
cost.
Yours faithfully
JANE SMITH.
The same form can of course be adapted for selling out, by substituting sell for purchase, writing less for not exceeding, and omitting the line as to forwarding the cheque.
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