"I am following up your list of Asian high yielders and have asked the broker (Interactive Brokers) about buying Honda Hero (HH IN). I am told that Foreign Nationals cannot buy Indian shares but presume from the regularity with which you mention them that this prohibition must be regularly circumvented. Please can you tell me how this is done?

"Your subscriber who asked about Spread betting on 18th August might be interested in looking at "The Financial Spread Betting Handbook" by Malcolm Prior"

Eoin Treacy's view Thank you for the book suggestion which I'm sure will be of interest, particularly to UK and Irish subscribers. It is available in the Fullermoney Bookshop.

I passed your inquiry about the best way to buy Indian shares on to Deepak Lalwani at Astaire Research. Here is his reply:

"If the subscriber is of Indian origin then he is entitled to deal locally in Indian securities, after some bureaucratic form filling!

"A non-Indian individual is currently not allowed to deal on Indian securities; unless he can set up a FII sub account (costly process and you need a Foreign Institutional Investor (FII) to sponsor you.

"He can get exposure to Indian stocks through Investment Trusts listed on LSE, eg, JP Morgan India Trust, and Aberdeen India or through the LSE listed Lyxor NIFTY ETF."

This suggests that institutions should have no problems in dealing with Indian shares but individuals face more obstacles. On further investigation Honda Hero's high 12-month yield is due to a large special dividend paid in March, stripping that payment out, the indicated yield falls to 1.71%. Deepak's The India Report, carries a list of ADRs and GDRs which may be of interest.