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“...GREAT BRITAIN AND THE EAST
INCORPORATING “THE NEAR EAST AND INDIA”
Telegrams : Eastaprox, Westcent, London
Telephone s Holborn 8254-5
Subscription s 30s. a year
Registered as a Newspaper
The authority for 30 years on the industry,
economics and current affairs of Great
Britain, the Balkans, Turkey, Egypt, the
Sudan, Malta, Cyprus, Palestine, Syria,
Iraq, Iran, Arabia, India, Afghanistan,
the Netherlands East Indies, the
Federated Malay States, China and Japan.
MAY 2, 1942
GREAT BRITAIN AND THE EAST, LTD-
133 -136, High Holborn, London, W.C.l
No. 1614—Vol. LVIU
Postage: Inland lid., Abroad Id.
THE WAY TO BETTER TRADE
/^NE of the discoveries our Allies the
Russians made in their progress to-
wards modern nationhood was that
maximum results could not be obtained
just by issuing State orders. It was
necessary to encourage individual effort.
Stakhanov was made a national hero be-
cause he produced more than his fellows
and the sound principle was introduced,
despite previous political theorising...”
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“...taken at the branches to avoid pos-
sible consequences of enemy action so
far as compatible with the efficient con-
duct of our duty to our customers. A
policy of co-operation has been adopted
by the exchange banks in matters con-
cerning their common interests and
frequent conferences have taken place
between them in London and elsewhere.
Conditions in Iraq
The normal course of overseas trade in
Iraq has. necessarily been disturbed
during the past year, but the financial
requirements of the Imperial Forces have
materially increased the volume of bank-
ing business passing through our hands.
The financial affairs of the Government
of Iraq continue to be comfortable and
conservatively managed. 1 am pleased
to report that harmonious relations are
maintained with the Government and also
with the Rafidain Bank, recently instituted
by the Government as the preliminary
framework for a central bank.
It is with great regret that we record
the death of the ruling Sheikh of Bahrein
in February, 1942...”
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“...IMPERIAL
ANK OF IRAN
(Incorporated by Royal Charter, 1889)
CAPITAL (tally paid) ■ £1,000,000
RESERVE £760,000
Reserve Liability of Shareholders,
£1,000,000
Branches ;
Ahwaz
Arab
(Sultanabad)
Baghdad
Basra
Bushire
Hamadan
Isfahan
fermanshah
Khorram Shahr
Chief Office .— TEHERAN
fti trait Teheran
Meshed (Bazaar Office)
Resht Zahedan
Shiraz
Tabriz
The Bank transacts banking business of every description in
and connected Iraq ; and in London, grants
Drafts, Telegraphic Transfers and Letters of Credit, and
negotiates or collects Bills on Iran and Iraq.
Head Office 11, TELEGRAPH ST.,
MOORGATE, E.C.2
RENSON & STAFFORD
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