A WIDE EXPERIENCE.
This "satisfaction " is certainly shared by the City, where Mr. Rae's exceptional abilities and sound judgment have long been recognized. Such men can ill be spared at the present time, and these qualities of ability and sound judgment have in Mr. Rae's case been thoroughly tested in banking experience both North and South of the Tweed, for in recognition of high services rendered during his period of Treasurership of the Bank of Scotland Mr. Rae enjoys the unique distinction of holding, in addition to his directorship of the Westminster Bank, a seat on the Board of the Bank of Scotland. During his long association first with Parr's Bank and later -with the Westminster, Mr. Rae has also come closely into touch with the flotation of Japanese loans in this country. No foreign loan operations have been handled with greater skill, and there are probably few countries where greater trust is reposed in their foreign advisers than is reposed by Japan in Mr. Rae of the Westminster Bank and the partners of Messrs. Panmure Gordon and Company, the firm of stockbrokers which for many years has acted with the Westminster and other London bankers in the flotation of Japanese Loans.
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