BANKING IN THE EMPIRE.
In very many respects the development is an interesting and an important one. For many years the Chairman of Barclays Bank Limited, Mr. F. C. Goodenough, has made no secret of his desire to promote banking within the Empire and an important step in that direction was taken some years since, when the subsidiary, Barclays Bank (Dominion, Colonial and Overseas) was formed, that institution
representing a combination of banks which had formerly operated in South Africa, Egypt, British West Africa, and the West Indies, while for some time past Barclays Bank (Dominion, Colonial and Overseas) has had an agency in New York. This combination of interests and especially those in the West Indies and West Africa, has materially stimulated operations with Canada, and I believe that the petition now being put forward for the incorporation of this new bank in Montreal so far from meeting with opposition on the part of the Canadian banks, is being cordially supported.
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