At the Hongkong and Shanghai outpost in Bombay, one of just two in India in
the 60's, the manager was a thirty five year old Scotsman with an O level
topped-off schooling. Typically a retail banker, he often understood little of
the only business of the India operation: Trust, and Trade Underwriting. An
Indian 'surpervising' clerk would closet with him for much of the day, his
duties running the gamut, from day hustling of exchange deals, to after hour
bootleg Scotch whisky plays for the chief. There was a sweeteneer: the 3000
salary was triple that of the managers' at an Indian outfit.
When HSBC attempted to acquire New York's Marine Midland in the 70's, they
were thwarted initially by Comissioner Muriel Siebert who quoted from the US
Civil rights Act when she claimed the bank, as policy, did not hire Jews. In a
formal reply, HS said 'this Scottish operated British bank that does not
harbour English employees, either.' eric.
________________________________
From: Mervyn Lobo <
For those who missed it the first time, here is what Turnbull had to say when
he
opened the Goan Institute in Dar es Salaam. When I re-read his message a few
minutes
ago, Turnbull seems to suggest that he got his training and learnt his trade
from Goan
District Clerks. It is a pity that during the colonial period, only the good
white
folks could become Governors.
.
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