10 MAY 1935, Page 62


I regret to note that, as indicated in his address at the recent annual general meeting, Mr. J. M. Ryrie has felt compelled, for reasons of continued ill-health, to resign the Chairmanship of the Mercantile Bank of India, though he remains a director. The Deputy Chairman, Sir Thomas S. Catto, Bart., has agreed to act as Chairman with Sir Charles A. Itmes, K.C.S.I. C.I.E., and Sir 'Thomas Smith as Deputy Chairmen. Mr. Ryrie has rendered good service during his chairmanship of the Mercantile Bank of India and share- holders will regret the fact of his retirement and still more the reason for it. The Bank is fortunate, however,, in finding so worthy a successor to Mr. Ryrie in the person of Sir Thomas