Section C
Large companies need a way to reach the savings of the public
at large. The same problem, on a smalle (36) faces
practically every company trying to develop new products and create new jobs.
There can be little (37) of raising the sort of sums needed
from friends and people we know, and while hanks may agree to provide
short-term (38) , they are generally unwilling to provide
money’ on a (39) basis for long-term projects. So companies
turn to the public, inviting people to lend them money, or take a share in the
business in (40) for a share in future profits. They do
this by (41) stocks and shares in the business through tire
Stock Exchange. By doing so, they can put into circulation the savings of
(42) and institution, both at home and overseas. When the
saver needs his money hack, he does not have to go to the company with whom
he (43) placed it. Instead, (44) .Many
of the services needed both by industry and by each of us are provided by the
government or by local authorities. Without hospitals, roads, electricity,
telephones, railways, this country could not function. (45)
, requiring more money than is raised through taxes alone. The
government, local authorities, and nationalized industries therefore
(46)
【参考答案】
he sells his shares through a stockbroker to some other save......