In electing Mr. Francis Shipton, the London Manager of the
Standard Bank of South Africa, as Chairman for the ensuing year of the British Overseas Banks' Associa- tion, the Committee has paid a well-deserved compliment to one who for some years has been Ilimorary Secretary and Treasurer, and indeed a moving spirit in the whole organization. I am glad of the opportunity to draw attention to this important Association, for while the Importance of such bodies as the British Bankers' Association is very generally recognized, there is a tendency to overlook the supreme value which attaches Lo the organization of those banks representing the financial interests of our vast Overseas Dominions. At home it is tolerably easy to visualize the functions filled by our bankers as custodians of the liquid wealth of the country, but it is less easy, though it is increasingly important, to realize the great power which is expressed by the banking interests of the Empire as a whole.
A. W. K.
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