Ogden Standard-Examiner | 1924-02-10 | Page 31 | Surety Protects Bond Investors

i SURETY PROTECTS BOND INV INVESTORS NEW EW YORK Fob Feb iA i 9 A A P- P PA PA P A plan for guaranteeing the prin prin- principal prin- prin principal principal cipal and Interest of diversified In- In In Investment vestment bonis bon ls applicable either to corporate holdings has hU been evolved bv by leading surety cons com companies panics The Tho plan In I Is an extension of the guarantees now Issued covering mortgages and de- de deferred deferred de deferred payment automobile notes and will cover state tete municipal railroad Industrial and public util- util util It Itt bonds bondo There is a growing demand on the part of Investors Investor 11 who ho ha base their funds tied up In securities to obtain some kind of ofa ofa a 0 guarantee g said eald R H head of a rating bureau which worked out the details detail of the prem prem- pr premium premium m- m ium lurn charges to be made for tor the That guarantee It was thought could cou be given gisen through a surety Instrument While none of the surety com corn companIes companies panics so ao far as could be learned has yet written any of th the new form of business all of the lead lead- leadIn leading lead leading In ing companies Ia lies have notified their agents to seek eek such business sub sub- subject sub subject to the approval al of the tho home offices An etor desiring to haw have th the Interest and principal Of o bonds bonda he be may own guaranteed must submit e a com complete lete list Ut of hi his holdings with the exception of United States Slates liberty bonds and Stet State tr certificates All classes clea of bonds bond issued und under r the authority of th the federal farm loan act must be Included These These provisions provisions It was pointed d out were made to toPI PI present ent an Investor submitting onh 11 his Is weak uk Investments for guarantee Th The garant guaranteeing will be written for tor an en annual pro pro- pre premium of not Ie less than one halt ot of 1 per cent computed on the Jar ar of all cli the approved Invest Invest- investment Investment ment bonds belonging to the per per- per person son eon 0 o corporation seeking th l guarantee