-=> Bob Muirhead wrote to Andrew Freeman <=- 
-=> On 11-12-94 about Re: Dividend Re-investmen <=-

BM> -=> Quoting Andrew Freeman to All <=-


BM> AF> I note that there is no material in the agenda for the 1994 AGM
BM> AF> about Boral's decision to suspend its Dividend Re-investment
BM> AF> Plan and Dividend Bonus Plan schemes. I disagree strongly with
BM> AF> this suspension decision. As Bruce Bond has pointed out in The
BM> AF> Age, 

BM>Hi Andrew.  I am against DRPs and have written elsewhere on the
BM>subject. Firstly, every shareholder has to participate, or suffer
BM>dividend dilution, especially with the high takeup of some DRPs.
BM>Secondly, DRPs encourage automatic, mindless investing.  Every
BM>investment, including dividend income, should be considered on its

...CUT...

Hi Bob,

I generally support your views on DRP's, and for the traders it creates 
odd lot problems etc.  long term buy and hold investors can pick up some 
good deals though. 

Regards, Graham from Sunbury

VOTE `why fix what ain't broke'

___
X CMPQwk #1.4X UNREGISTERED EVALUATION COPY

--- Maximus/2 2.01wb