28 AUGUST 1926, Page 30

Similarly, of course, our bankers perform an infinite service when

financing the overseas trade of the country, •arid while it can also .be. admitted that even in financing foreign,, trade the effects indirectly often react favourably upon us, there can be no doubt as to the first duty of the banker in attending to the claims of purely- British industry. - British Insurance Companies; too, operating as they do all over the globe, render an important service in the matter of these invisible exports, for the premiums tend eventually to drift to the home country, and especially is this so in the marine branch of insurance. My correspondent is undoubtedly right in suggest. ing that these are points which require clearer recognition, for there is far too much apathy on the part of those who might do a good deal to influence this kind of business in the right direction. Bankers, especially, might render a service by insisting, as far as possible, that policies accompanying documents against which advances are to be- made shall be British in character.

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