Page:The Cyclopedia of India (Specimen Issue).pdf/95

 Calcutta. l'le us the Agent and Director until r903 when he tool: the oﬂice of Managing Director. Mr King has been a partner in the firm of Messrs. Andrew Yule .\' (‘0 since rgor.

He has identiﬁed himself actit‘el) with the business history of Calcutta. turd was an active supporter of an “avid Barbour's currency scheme or r893. Apart (mm the important and responsible position that he held: as Managing Director of the Bank of t Talcuttn he is interested in man) enterprises and branches at industry He is a Director ot coal. jute, ice and paper companies, and is con corned in many large tea companies

Mr. l). W. l'. KIN.

Mr. King is a \‘cry active and capable businesa man and intimately acquainted with the commerce or Bengal. Hil training and experience have admirably ﬁtted him for the many important enterprises that he assists to Control. The jute trade of Bengal is one at the ﬁrst importance. and Mr. King has been prominently associated mth its progress. The ﬁnancial management of tea companies need: considerable knowledge and experience. and in this direction .‘ttr. King's business ahility has found full play. The conditions of commercial life in India demand the keencst attention and unvaryinp energy. and Mr. King is possessed to the fullest degree of these business qualities.

THE C\'Cl.l'EDl.\ OI" INDIA.

'l'I-IE COMMERCIAL RANK 0} INDI A. LIMITED. Originally known as the L'onurtercutl and Land .\lurt gage Bank of India. Limited. tltr Bank was established on reth Uctober r885. in Madras. with a Capital of Rt :.oo,ooo and carried on business in that my for some tears. In r895. the expansion ut business necessrtated an increase in the Author. izcd Capital of thc Bank, and it was increased to Ra. :5,00,000 and again in r896 to Rs. 40,00,000. In the latter year it was also deemed advis- able to open llranrhes and matte an alteration in the sttle amt title 0‘ the Bank, and its designation was then changed to that of “The Com- mercial Bank of India. Limited," and under this name the Bank has since continued hustncss. In I900 the Head (mite uf the Bank was trans- ferred from Madras to Calcutta, and besides the Calcutta Ofﬁﬁl‘, the Bank has branches in Karachi, Lahore. London, Madras. Rangoon and Rural pindi and Agents and Correspondents at most of the leading trade centres throughout India. During the earliest years of its career. the Bank’s opera tions met with the lull measure of success anticipated, lint some large failures and a lockup in land and industrial ventures mused for n time a serious set-hack in the Bank‘s earnings and general progress. Since the present manngent took into its keeping the interests of the Bank. the prosperity of the Bank has steadily resuscitate-«l, and its affairs have been put upmr a sound ﬁnancial basis, a reduction of ordinary share Capital has been made. and the Directors' Report lor the year ending Jtsl Ile cemhcr 190.; shorted the payment of a dividend of 6") on the Preference shares. and the substantial sum 0! Rs $0.000 placed to a newly started Reserve Fund, whilst nearly the nitric amount rras carried forward—results which augur favourably for the future wellbeinz of the Brink. With the return of cnnﬁdence the Brink should do very well as its Branches are mast aptly situated tn secure business and to serve the public usefully and extensively.

Mr. REGISALU MURRAY. the Chiet Manager of the Ilank. was horn in London. in the tear m5, and was educated at Rugby. He commenced his honking career in the Chartered Mercantile Bank of India, London and

(Thrnti, and came out to Indra in that Hank's servic: in t870, becoming a Manager in r370, and during the treat ~er‘entren years. ttnltl 1393. manager! «teral ot the Bank's Branchcs tn the I'Iartr Resigning that SCHIr'C in r893. Mr, Murray embarked in business on hrs 01m account. in the ﬁrm nit Messrs. Sinclair, Murray & Company. and was Connected With this Firm until r807. nhen he Was oﬂcrcd and accepted the nppomtmem of Manager to the t'irmmerctnl Bank of India. Ltd. Um: or the ﬁrst duties I‘IIICII (Ic'\'t)I\'f‘d upon him on joining his appointment was to open the Branch at Calcutta and on the trans-fer o! the Head Mike 0! this institution

horn Madras to ('alCutta in r900. he became the Chief Manager 0! the Bank, of which he is now also .1 Director. Mr. Murray is a leading a tr tho r i t y in comrnerCral circlet on ﬁnancial and banking subjects, and during his lengthy Indian experienre nI thirtyfive years has acquired a pm. found knowledge of tommcrrinl matters, trade and ﬁnann. lle l1 also tr Director of the Standard Life Assur‘ nnce t‘nrrrpany’s Calcutta Brunch

(IUI‘IJZR, PALMER .\' COM» PAN". t‘almtta. Wine Importers. r~ the uldcsl ﬁrm “I II“: hmrl tn Illdldt It In nhtltlhhvrl in Iﬂltrlrm in tht‘ )cnr r815. h_\ .\lr. (lmrgc Henry Crrtlrr On his death hr- ‘1‘ urnmdul in his bruthu Mr. Frank Cutlr-r. uh.- esriihlis-hr-rl .r branrh in Ilomlaty in r842. ln ISO: Mr. Charles Palmer.