6 APRIL 1929, Page 32

NATIONAL BANK OF INDIA.

Although the profits for the past year showed a small reduction, the shareholders were at one with the chairman when at ihe annual meeting held this week he was able to describe them as satisfactory, having regard to all the present conditions in India. In the course of his speech Sir Charles McLeod gave a very interesting review of some of the present features of Indian finance and trade, and, after commenting upon political conditions and the racial prejudice, Sir Charles expressed the opinion that the moderate element was making some headway, and he was glad to note from recent events that the Government appeared determined to curtail the activities in India of " Moscow-taught and Moscow-paid

agitators." A. W. K. * * * *