27 SEPTEMBER 1930, Page 32

A BANKING RETIREMENT.

Few bankers on the occasion of their retirement have received warmer tributes than those which have been paid by all the leading journals to Mr. John Rae, the Chief Manager of the Westminster Bank. Early in the week the announce- ment was made to the effect that " the Directors of the Westminster Bank, Limited, announce with much regret that their Chief General Manager, Mr. John Rae, after a long and successful banking career, has intimated his desire to retire from the active management of the Bank at the end of the present month." The Directors add that they note with satisfaction that Mr. Rae will retain his seat on the Board of the Westminster Bank, thus assuring to them the continuance of his wide knowledge and experience.