%PDF-1.3 1 0 obj << /Type /Catalog /Outlines 2 0 R /Pages 3 0 R >> endobj 2 0 obj << /Type /Outlines /Count 0 >> endobj 3 0 obj << /Type /Pages /Kids [6 0 R 14 0 R 16 0 R ] /Count 3 /Resources << /ProcSet 4 0 R /Font << /F1 8 0 R /F2 9 0 R /F3 10 0 R >> /XObject << /I1 11 0 R >> >> /MediaBox [0.000 0.000 595.280 841.890] >> endobj 4 0 obj [/PDF /Text /ImageC ] endobj 5 0 obj << /Creator (DOMPDF) /CreationDate (D:20140818075936+01'00') /ModDate (D:20140818075936+01'00') /Title (Finance, Politics and Imperialism. Australia, Canada, and the City of London, c. 1896-1914) >> endobj 6 0 obj << /Type /Page /Parent 3 0 R /Annots [ 12 0 R ] /Contents 7 0 R >> endobj 7 0 obj << /Length 3991 >> stream q 381.750 0 0 120.000 34.016 687.874 cm /I1 Do Q 0.000 0.000 0.000 rg BT 34.016 676.469 Td /F1 12.0 Tf [(Published on )] TJ ET BT 99.356 676.469 Td /F2 12.0 Tf [(Reviews in History)] TJ ET BT 190.016 676.469 Td /F1 12.0 Tf [( \()] TJ ET 0.000 0.000 0.800 rg BT 197.012 676.469 Td /F1 12.0 Tf [(http://www.history.ac.uk/reviews)] TJ ET 0.000 0.000 0.800 RG 0.24 w 0 J [ ] 0 d 197.012 675.075 m 357.332 675.075 l S 0.000 0.000 0.000 rg BT 357.332 676.469 Td /F1 12.0 Tf [(\))] TJ ET 0.502 0.502 0.502 RG 0.75 w 0 J [ ] 0 d 34.391 653.743 526.499 1.500 re S BT 34.016 615.321 Td /F3 18.0 Tf [(Finance, Politics and Imperialism. Australia, Canada, and the City )] TJ ET BT 34.016 593.937 Td /F3 18.0 Tf [(of London, c. 1896-1914)] TJ ET BT 34.016 251.939 Td /F1 12.0 Tf [(A top-notch monograph in the Cambridge imperial and post-colonial studies series, this book reflects the )] TJ ET BT 34.016 237.683 Td /F1 12.0 Tf [(kind of thorough coverage of issues plus analytical depth that one has come to expect from doctoral research )] TJ ET BT 34.016 223.427 Td /F1 12.0 Tf [(in Commonwealth history at Oxford University. The author has left no hillock unploughed in his )] TJ ET BT 34.016 209.171 Td /F1 12.0 Tf [(investigation, which is meticulous and absolutely comprehensive in its coverage of personalities, policies )] TJ ET BT 34.016 194.915 Td /F1 12.0 Tf [(and events. The author?s research includes collections of private papers, not only in Great Britain \(the )] TJ ET BT 34.016 180.659 Td /F1 12.0 Tf [(Guildhall Library, the Bank of England Archive and the Bodleian, Oxford\), but government and business )] TJ ET BT 34.016 166.403 Td /F1 12.0 Tf [(documents and private archives in Canada and Australia ? including the papers of dominion prime ministers, )] TJ ET BT 34.016 152.147 Td /F1 12.0 Tf [(plus materials in the separate provincial and state libraries \(Nova Scotia, Ontario and British Columbia for )] TJ ET BT 34.016 137.891 Td /F1 12.0 Tf [(Canada; and Western Australia, Victoria and New South Wales for the great sub-continent\). Dilley also )] TJ ET BT 34.016 123.635 Td /F1 12.0 Tf [(includes references to an endless variety of contemporary newspapers and specialist journals in an effort to )] TJ ET BT 34.016 109.379 Td /F1 12.0 Tf [(recapture the tenor of the times, as well as to confirm obscure facts and to ferret out contemporary opinion )] TJ ET BT 34.016 95.123 Td /F1 12.0 Tf [(on a wide range of local and international financial transactions. The book is augmented by numerous tables )] TJ ET BT 34.016 80.867 Td /F1 12.0 Tf [(and graphs, based on published Canadian and Australian statistical surveys, which add substance to key )] TJ ET BT 34.016 66.611 Td /F1 12.0 Tf [(points raised in the book's broader generalizations. )] TJ ET BT 34.016 563.315 Td /F3 12.0 Tf [(Review Number:)] TJ ET BT 34.016 549.059 Td /F1 12.0 Tf [(1360)] TJ ET BT 34.016 534.803 Td /F3 12.0 Tf [(Publish date:)] TJ ET BT 34.016 520.547 Td /F1 12.0 Tf [(Monday, 9 January, 2012)] TJ ET BT 34.016 506.291 Td /F3 12.0 Tf [(Author:)] TJ ET BT 34.016 492.035 Td /F1 12.0 Tf [(Andrew Dilley)] TJ ET BT 34.016 477.779 Td /F3 12.0 Tf [(ISBN:)] TJ ET BT 34.016 463.523 Td /F1 12.0 Tf [(9780230222038)] TJ ET BT 34.016 449.267 Td /F3 12.0 Tf [(Date of Publication:)] TJ ET BT 34.016 435.011 Td /F1 12.0 Tf [(2012)] TJ ET BT 34.016 420.755 Td /F3 12.0 Tf [(Price:)] TJ ET BT 34.016 406.499 Td /F1 12.0 Tf [(55.00)] TJ ET BT 34.016 392.243 Td /F3 12.0 Tf [(Pages:)] TJ ET BT 34.016 377.987 Td /F1 12.0 Tf [(280pp.)] TJ ET BT 34.016 363.731 Td /F3 12.0 Tf [(Publisher:)] TJ ET BT 34.016 349.475 Td /F1 12.0 Tf [(Palgrave Macmillan)] TJ ET BT 34.016 335.219 Td /F3 12.0 Tf [(Publisher url:)] TJ ET BT 34.016 320.963 Td /F3 12.0 Tf [(Place of Publication:)] TJ ET BT 34.016 306.707 Td /F1 12.0 Tf [(Basingstoke)] TJ ET BT 34.016 292.451 Td /F3 12.0 Tf [(Reviewer:)] TJ ET BT 34.016 278.195 Td /F1 12.0 Tf [(Raymond Dumett)] TJ ET endstream endobj 8 0 obj << /Type /Font /Subtype /Type1 /Name /F1 /BaseFont /Times-Roman /Encoding /WinAnsiEncoding >> endobj 9 0 obj << /Type /Font /Subtype /Type1 /Name /F2 /BaseFont /Times-Italic /Encoding /WinAnsiEncoding >> endobj 10 0 obj << /Type /Font /Subtype /Type1 /Name /F3 /BaseFont /Times-Bold /Encoding /WinAnsiEncoding >> endobj 11 0 obj << /Type /XObject /Subtype /Image /Width 509 /Height 160 /Filter /FlateDecode /DecodeParms << /Predictor 15 /Colors 3 /Columns 509 /BitsPerComponent 8>> /Mask [ 255 255 255 255 255 255 ] /ColorSpace /DeviceRGB /BitsPerComponent 8 /Length 3280>> stream x[EQ㎦fVttҒ +3O{?lGDQԯDrB^.ϯ%~'0۠/2>0AG_>0j0GCfE67>rB^}@  !&y+r?INp:erc b8f=rQC!~-Wf^^zF[)G 2ޯe7V_Go3Ke GEGOo8rώ#\1ZY~N6^H}yLxS-!:412V+u\-LSO?xVvZ|GjǮT_8EYJF=Tw^ 7GxfN/S:Ʌ~ʟtt?5n÷J'JcF-GVξx{rO~tJd;#a\7}|~y'>}c2C vR}f׈**h.)_&@pfzjsx:5;S\vKhM5j=!Cn+h"u]a EUN]jn=k<,:Ք>sU!ni~6EJ)¦72?G}[y}_vc$t?iSܟ2Zݞ,VN?_`='RFK1A2qv&X_lLRWY'%:I㢖zb_UEx\>&ɆBˏ~K@ \gYØU4}$8Dv!'Q'*+Εj(UCGo[#< 2Ja(sZi9fZKE Rn`u\9r^Zmɯ׹}mstO4uc~#'jEvۼ Dx[z ޏQ4KL5,5u3>i^uÒ-53ba ~,~/pyt1fMU'CVm:qv~=Y'Es"WsφG?l_kN5}],Ow7 uh`xƫ?zMl7ٻv$A(4Dl(wwH} ?=[=S;yC]^BK>㕪9`Z'Wj;E|:bf>kCԘ#RY,iv쵗~}n'"1u" *uO΄/2^Sxr(!/DD\~mJyZ!MmrA!#u[if|99WB WΡpp}w}sh#,\ &:%˳X?D3 %W0cC?o̲^} F3XLVn]Cߖiϧ!7}yZJ#P7]=)7Ρp;>> Ye^xx{Oafw{ ;>4gfLt ʊ:q%#r/)pv!O4wGh|dS ӣݽހ-gVUC'pBxrB^} 7JA^} /'8!`:r?}}],X  }6y!`/~Br?}Q< >k7vx"] ,' .3jn{-i}|~%-};b6#U)7繎kiEw 㤳:E}[޼c"rꬊ7Dc$~"/Y&zSd:tFȌCrʙ`7u .#[-<)j ?TGS(j~oTup(hjU4PlJ=}|it.ҽ@\wʨuXÞZcx18Wo<~ikOg,ވ\^?EneyZcc0[R١z|zv7_m:_n]a?osS3~j^ hD.a_X'KfBX6w wݶ"Oa:,bvhrWH[uCF-Xfc}>x+Rz)2N-B 7y^٨;[/vg? | |2Sve}=o䑰j[vWjF0{굦?VI~}xM(_TlG__+]:#к?S} c>GŸD7 !w{S{B =x7a?oE#)+Gz:o_4Q<;n?\tt7?mGCџQGu4kņOF>F?#} hP&ђߴM#u!.СtL2^#o nIk_i.~7tr@n 1P~3?.[]=S5b߮~Yo^HFH YBi8a4iom>CKgMy*;?zqEӕ` >zB9iFzC?XF?ޟIܰ펉A}{I5ᄊx%ez#Mp@rߎpi]IOVjzuJt\۰f׺u5><,J~PTJp1)}){9N {!`/> endstream endobj 12 0 obj << /Type /Annot /Subtype /Link /A 13 0 R /Border [0 0 0] /H /I /Rect [ 197.0117 675.3895 357.3317 687.2695 ] >> endobj 13 0 obj << /Type /Action /S /URI /URI (http://www.history.ac.uk/reviews) >> endobj 14 0 obj << /Type /Page /Parent 3 0 R /Contents 15 0 R >> endobj 15 0 obj << /Length 7348 >> stream 0.000 0.000 0.000 rg 0.502 0.502 0.502 RG 0.75 w 0 J [ ] 0 d BT 34.016 784.469 Td /F1 12.0 Tf [(This book is encyclopedic in its coverage of Australian, Canadian and also British history during the time )] TJ ET BT 34.016 770.213 Td /F1 12.0 Tf [(span of the narrative. In every chapter the author makes it a point not only to cite, but to explain and )] TJ ET BT 34.016 755.957 Td /F1 12.0 Tf [(elaborate on important scholarly interpretations and debates of the past that are pertinent to his main )] TJ ET BT 34.016 741.701 Td /F1 12.0 Tf [(discussion. And in nearly every instance possible, Dr. Dilley pays generous analytical credit to the works of )] TJ ET BT 34.016 727.445 Td /F1 12.0 Tf [(predecessors in the body of his monograph and not simply in the endnotes. Both the theoretical and )] TJ ET BT 34.016 713.189 Td /F1 12.0 Tf [(interpretive problems presented here offer the opportunity for further detailed research. And when combined )] TJ ET BT 34.016 698.933 Td /F1 12.0 Tf [(with the book?s lengthy bibliography, they provide a framework for students intent upon graduate study in )] TJ ET BT 34.016 684.677 Td /F1 12.0 Tf [(dominion or Commonwealth history.)] TJ ET BT 34.016 658.421 Td /F1 12.0 Tf [(The organization and composition of a comparative history is always a difficult task; but Dilley is up to the )] TJ ET BT 34.016 644.165 Td /F1 12.0 Tf [(challenge. No brief summary can do justice to the nuances of this analysis. British capital played a very large )] TJ ET BT 34.016 629.909 Td /F1 12.0 Tf [(part in Canadian 19th?century development, with a significant proportion of these capital flows going to )] TJ ET BT 34.016 615.653 Td /F1 12.0 Tf [(investment in infrastructure projects. Many of these, though organized around private enterprise, were, like )] TJ ET BT 34.016 601.397 Td /F1 12.0 Tf [(the prime example of the Canadian Pacific Railway, also heavily subsidized by government. Canada, in )] TJ ET BT 34.016 587.141 Td /F1 12.0 Tf [(contrast to Australia, had the advantage of a substantial industrial and commercial entrepreneurial class )] TJ ET BT 34.016 572.885 Td /F1 12.0 Tf [(\(centered on the Montreal-Toronto axis\) which recommended itself to the City of London and served as a )] TJ ET BT 34.016 558.629 Td /F1 12.0 Tf [(conduit through which capital flowed. About two-thirds of British capital flows to Australia in the latter )] TJ ET BT 34.016 544.373 Td /F1 12.0 Tf [(decades of the 19th century went to the separate colonial \(later state\) governments; this played a part in )] TJ ET BT 34.016 530.117 Td /F1 12.0 Tf [(economic development, especially in New South Wales and Victoria. But Australia suffered from economic )] TJ ET BT 34.016 515.861 Td /F1 12.0 Tf [(depression commencing in the 1890s and from a series of droughts into the 20th century. The wave of )] TJ ET BT 34.016 501.605 Td /F1 12.0 Tf [(speculative investment in Western Australian gold mining, which certainly led to growth, nonetheless had )] TJ ET BT 34.016 487.349 Td /F1 12.0 Tf [(mixed results for many shareholders. And what were perceived as leftward tendencies in Australian politics )] TJ ET BT 34.016 473.093 Td /F1 12.0 Tf [(in the early 20th century did not commend the sub-continent greatly to British investors. In telling this )] TJ ET BT 34.016 458.837 Td /F1 12.0 Tf [(intricate and complex story, the author does not neglect political history. Important statesmen, including )] TJ ET BT 34.016 444.581 Td /F1 12.0 Tf [(Fielding, Laurier and Borden of Canada plus Deakin, Fisher and Reid of Australia, coupled with their )] TJ ET BT 34.016 430.325 Td /F1 12.0 Tf [(parties, ideologies and policies, all come in for extremely detailed attention. The author?s writing style is )] TJ ET BT 34.016 416.069 Td /F1 12.0 Tf [(dense. Beginners will require a solid grounding in late 19th-century and early 20th?century Australian and )] TJ ET BT 34.016 401.813 Td /F1 12.0 Tf [(Canadian history in order to make their way through the thicket of party politics, political economy and inter-)] TJ ET BT 34.016 387.557 Td /F1 12.0 Tf [(state relations presented here.)] TJ ET BT 34.016 361.301 Td /F1 12.0 Tf [(One of the fundamental historiographical themes pursued throughout this book is the famous Cain and )] TJ ET BT 34.016 347.045 Td /F1 12.0 Tf [(Hopkins hypothesis on the relationship between ?gentlemanly capitalism? and British imperialism, which )] TJ ET BT 34.016 332.789 Td /F1 12.0 Tf [(has been debated in many books and articles. Unlike some reviewers who have criticized the theory heavily, )] TJ ET BT 34.016 318.533 Td /F1 12.0 Tf [(Dr. Dilley evaluates their ideas very carefully piece by piece in a mainly positive fashion, and he provides )] TJ ET BT 34.016 304.277 Td /F1 12.0 Tf [(new details and more nuanced explanations insofar as they relate to connections between the City of London )] TJ ET BT 34.016 290.021 Td /F1 12.0 Tf [(and the two major dominions. Although Dilley?s endorsement is far from total, this volume represents one )] TJ ET BT 34.016 275.765 Td /F1 12.0 Tf [(of the strongest vindications for the interpretive merits of the Cain and Hopkins theory of British )] TJ ET BT 34.016 261.509 Td /F1 12.0 Tf [(imperialism.)] TJ ET BT 34.016 235.253 Td /F1 12.0 Tf [(Just two examples must suffice. For some, including the present writer, the repeated use of the term ?the )] TJ ET BT 34.016 220.997 Td /F1 12.0 Tf [(City? in many publications is amorphous and simplistic ? smacking too much of the single ?rational actor? )] TJ ET BT 34.016 206.741 Td /F1 12.0 Tf [(approach to international relations, when, in fact, we are speaking of a highly segmented functioning entity. )] TJ ET BT 34.016 192.485 Td /F1 12.0 Tf [(The ?City of London? was not a faceless blob; it was composed of a complex variety of financial, shipping, )] TJ ET BT 34.016 178.229 Td /F1 12.0 Tf [(insurance and other service-based sub-groups that were the main agencies for Great Britain?s world )] TJ ET BT 34.016 163.973 Td /F1 12.0 Tf [(leadership in the ?Invisible trade? flows of the late 19th century. Which entities dominated City thinking )] TJ ET BT 34.016 149.717 Td /F1 12.0 Tf [(about capital flows to Canada and Australia? How important, to take two obvious examples, were the Bank )] TJ ET BT 34.016 135.461 Td /F1 12.0 Tf [(of England and the Stock Exchange? Though it does not provide final answers, it is a credit that this book )] TJ ET BT 34.016 121.205 Td /F1 12.0 Tf [(endeavors to delve into these questions. Thus, the famous merchant banks ? Rothschild, Baring brothers, )] TJ ET BT 34.016 106.949 Td /F1 12.0 Tf [(Glyn, Mills, Currie ? and several of the British joint stock banks, especially the London and Westminster )] TJ ET BT 34.016 92.693 Td /F1 12.0 Tf [(Bank, all come in for attention. But the author provides especially important new information on the key )] TJ ET BT 34.016 78.437 Td /F1 12.0 Tf [(roles played by underwriting firms and underwriting syndicates, such as Robert Nivison & Co. and Marshall )] TJ ET BT 34.016 64.181 Td /F1 12.0 Tf [(Mullens and Company, in taking up key new share issues. And beyond this he reminds us that the London )] TJ ET BT 34.016 49.925 Td /F1 12.0 Tf [(branches of the great Canadian banks, the Bank of Montreal and its Toronto rival, the Canadian Bank of )] TJ ET endstream endobj 16 0 obj << /Type /Page /Parent 3 0 R /Annots [ 18 0 R ] /Contents 17 0 R >> endobj 17 0 obj << /Length 4150 >> stream 0.000 0.000 0.000 rg 0.502 0.502 0.502 RG 0.75 w 0 J [ ] 0 d BT 34.016 796.469 Td /F1 12.0 Tf [(Commerce, were also major players.)] TJ ET BT 34.016 770.213 Td /F1 12.0 Tf [(As a second major question, Dilley also struggles with the conundrum of whether the financial relationships )] TJ ET BT 34.016 755.957 Td /F1 12.0 Tf [(between Great Britain and the borrowing countries in the self-governing Commonwealth strengthened, or )] TJ ET BT 34.016 741.701 Td /F1 12.0 Tf [(served as examples of financial imperialism. Cain and Hopkins had conceded that the ?mother country?s )] TJ ET BT 34.016 727.445 Td /F1 12.0 Tf [(economic relations with the dominions were far more like those with areas of )] TJ ET BT 408.284 727.445 Td /F2 12.0 Tf [(informal)] TJ ET BT 449.624 727.445 Td /F1 12.0 Tf [( influence, such as )] TJ ET BT 34.016 713.189 Td /F1 12.0 Tf [(Argentina and Chile, than they were with other parts of the formal empire, such as India?. To cope with this )] TJ ET BT 34.016 698.933 Td /F1 12.0 Tf [(issue Dilley takes up two of Cain and Hopkins? subordinate concepts \(1\) ?structural power? and \(2\) )] TJ ET BT 34.016 684.677 Td /F1 12.0 Tf [(?relational power? as useful constructs for understanding the types of influence exercised over peripheral )] TJ ET BT 34.016 670.421 Td /F1 12.0 Tf [(countries by entities within the City of London. Dilley follows them in taking structural power to mean )] TJ ET BT 34.016 656.165 Td /F1 12.0 Tf [(?rules of the game? in which creditor nations charged interest on loans to recipient/debtor nations and )] TJ ET BT 34.016 641.909 Td /F1 12.0 Tf [(exacted penalties on defaults by the those nations. ?Relational power? varied according to particular )] TJ ET BT 34.016 627.653 Td /F1 12.0 Tf [(pressures and circumstances. \(Some critics have minimized ?rules of the game? as a key factor in )] TJ ET BT 34.016 613.397 Td /F1 12.0 Tf [(imperialism, contending that a certain amount of inequality is taken for granted in every creditor/debtor or )] TJ ET BT 34.016 599.141 Td /F1 12.0 Tf [(business relationship.\) But Dilley counters that, when viewed as persistent long term patterns, these ?rules?, )] TJ ET BT 34.016 584.885 Td /F1 12.0 Tf [(along with other elements \(political, cultural\) in British influence over the dominions, were highly )] TJ ET BT 34.016 570.629 Td /F1 12.0 Tf [(significant. Dilley tends to agree with Cain and Hopkins in seeing both \(1\) and \(2\) as special instruments of )] TJ ET BT 34.016 556.373 Td /F1 12.0 Tf [(control. As he puts it very carefully in his conclusion: )] TJ ET BT 64.016 518.117 Td /F1 12.0 Tf [(In the end then, the politics of finance was underpinned by a structural economic imbalance )] TJ ET BT 64.016 503.861 Td /F1 12.0 Tf [(between British Investors and debtor nations ... The legacy of past borrowing created an )] TJ ET BT 64.016 489.605 Td /F1 12.0 Tf [(ongoing bond as long as the consequences of repudiation, or even weakened credit, were too )] TJ ET BT 64.016 475.349 Td /F1 12.0 Tf [(dire to contemplate. The impact of dependence, though, depended on creditors and debtors )] TJ ET BT 64.016 461.093 Td /F1 12.0 Tf [(conceptions of political economy, and on evolving political dynamics ... Equating structure with )] TJ ET BT 64.016 446.837 Td /F1 12.0 Tf [(power \(or thinking too crudely in terms of static frameworks\) is misleading, but it would be )] TJ ET BT 64.016 432.581 Td /F1 12.0 Tf [(equally misleading to disregard more nuanced notions of ?structure? \(p. 190\).)] TJ ET BT 34.016 394.325 Td /F1 12.0 Tf [(The author is grateful for this generous and thorough review and does not wish to comment further.)] TJ ET 0.75 w 0 J [ ] 0 d 34.391 377.599 526.499 1.500 re S BT 34.016 359.819 Td /F3 12.0 Tf [(Source URL:)] TJ ET 0.000 0.000 0.800 rg BT 104.672 359.819 Td /F1 12.0 Tf [(http://www.history.ac.uk/reviews/review/1360)] TJ ET 0.000 0.000 0.800 RG 0.24 w 0 J [ ] 0 d 104.672 358.425 m 328.316 358.425 l S 0.000 0.000 0.000 rg BT 34.016 333.448 Td /F3 12.0 Tf [(Links:)] TJ ET BT 34.016 319.048 Td /F1 12.0 Tf [([1] http://www.history.ac.uk/reviews/item/45265)] TJ ET endstream endobj 18 0 obj << /Type /Annot /Subtype /Link /A 19 0 R /Border [0 0 0] /H /I /Rect [ 104.6717 358.7395 328.3157 370.6195 ] >> endobj 19 0 obj << /Type /Action /S /URI /URI (http://www.history.ac.uk/reviews/review/1360) >> endobj xref 0 20 0000000000 65535 f 0000000008 00000 n 0000000073 00000 n 0000000119 00000 n 0000000335 00000 n 0000000372 00000 n 0000000586 00000 n 0000000668 00000 n 0000004711 00000 n 0000004820 00000 n 0000004930 00000 n 0000005039 00000 n 0000008600 00000 n 0000008728 00000 n 0000008812 00000 n 0000008877 00000 n 0000016278 00000 n 0000016362 00000 n 0000020565 00000 n 0000020693 00000 n trailer << /Size 20 /Root 1 0 R /Info 5 0 R >> startxref 20789 %%EOF