COMPETITIVE CONDITIONS IN INTERNATIONAL TRADE. 43
tile Bank of India (Ltd.), has 18 branches and agencies in the Orient,
and the Chartered Bank of India, Australia, and China, founded 63
years ago, maintains 35 branches and agencies in India, the East
Indies, the Philippines, China, and Japan.
In addition to the banks mentioned, Chinese and Japanese business
can be handled advantageously through the great Hongkong and
Shanghai Banking Corporation, established about 50 years ago, with
its head office in Hongkong. This bank has more than 30 branches in
China, Japan, Indo-China, the Straits Settlements, the Dutch and
British East Indies, and the Philippines, as well as branches in London,
 Lyon, Hamburg, New York, and San Francisco.
Local banking companies are well developed in Australia and
through their connections with London are at the disposal of British
traders. But, in addition to these local banks, there are a number of
British banks with head offices in London, which together operate
nearly a thousand branches in Australasia; thus, the Union Bank of
Australia (Ltd.), established nearly 80 years ago, has more than 180
branches in Australia and New Zealand. The Bank of Australasia
has over 200 branches. The English, Scottish and Australian Bank
(Ltd.) has more than 130. The London Bank of Australia (Ltd.)
has over 90.
In Canada, in addition to the Canadian banks which maintain close
connections with London, the Bank of British North America,
tounded 80 years ago, with its home in London, operates nearly 100
branches in Canada.
In the West Indies, the Colonial Bank, founded 80 years ago, with
its head office in London, has 19 branches throughout the West Indian
Islands; and the Bank of Mauritius (Ltd.) has two branches in the
West Indies, with its head office in London.
England buys great quantities of raw materials in Latin America
and sells millions of dollars’ worth of manufactured articles there
annually. For the accommodation of this business a network of
British banks covers Latin America. The Commercial Bank of
Spanish America (Ltd.), with its main office in London, has 6
vranches around the Caribbean in Central and South America, besides
2 branch in New York City. The British Bank of South America
(Ltd.), founded more than 30 years ago. with its main office in London,
 maintains 13 branches and subbranches in Brazil, Uruguay, and
Argentina. The Anglo-South American Bank (Ltd.), with its main
office in London, operates more than 20 branches in Chile, Argentina,
Uruguay, New York City, Paris, and Hamburg. The London and
Brazilian Bank (Litd.), founded more than 50 years ago, with its
main office in London, operates 18 branches, chiefly in Brazil, but also
in Uruguay, Argentina, New York, Paris, and Lisbon. The great
London and River Plate Bank (Litd.), established more than 50 years