Introduction
The Company was incorporated on 3 May 1963 and listed on the London Stock Exchange on 13 February 1973.The Company operates as an Investment Trust and is self-managed, with investment management carried out by CG Asset Management Limited.
The Company is a member of the Association of Investment Companies
Continuation of the Trust
It is intended to offer shareholders the opportunity to realise their investment in the Company, at a price that fairly
reflects the underlying net asset value of their investment, in the Autumn of 2008.However, the Chairman would like to reassure shareholders that providing there is sufficient ongoing support, the Company will continue in its present form after 2008.

