2 APRIL 1932, Page 30

EAsTERN BANK MEETING. .

Not the least interesting feature of the address of Mr. J. S. Haskell, the Chairman of Eastern Bank, Ltd., at the recent meeting of shareholders, was the comments which he made upon some of the recent developments in India. In partiCular Mr. Haskell commented upon the extent to which India had been affected by the abandonment of the gold standard by Britain in the autumn of last year. One result, he said, had been to turn India from a gold importing to a gold exporting country, the efflux of gold from India since Great Britain left the gold standard being something over £44,000,000. Thanks to these gold shipments, the Indian Government was of course, greatly aided in redeeming the £15,000,000 Loan which fell due at the begli lll i ll g of this year.