Media Release 20Th December 2011

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MEDIA RELEASE 20TH DECEMBER 2011 REVISION OF THE COMPOSITION OF THE MILANKA PRICE INDEX (MPI) 1ST JANUARY 2012 TO 30TH JUNE 2012 The composition of the companies in the MILANKA Price Index with effect from 1st January 2012 is as follows: Proposed for the 1st Half, 2012 BANKS , FINANCE & INSURANCE HEALTH CARE Commercial Bank of Ceylon PLC The Lanka Hospitals Corporation PLC Central Finance Company PLC DFCC Bank Hatton National Bank PLC Lanka Orix Leasing Company PLC LB Finance PLC Nations Trust Bank PLC Sampath Bank PLC Union Bank of Colombo PLC BEVERAGES , FOOD & TOBACCO INVESTMENT TRUSTS Distilleries Company of Sri Lanka PLC Environmental Resources Investment PLC DIVERSIFIED LAND & PROPERTY Aitken Spence PLC Colombo Land and Development Company PLC Free Lanka Capital Holdings PLC John Keells Holdings PLC Richard Pieris and Company PLC The Colombo Fort Land and Building Company PLC Vallibel One PLC Softlogic Holdings PLC MANUFACTURING TRADING Ceylon Grain Elevators PLC Brown & Company PLC Piramal Glass Ceylon PLC Royal Ceramics Lanka PLC POWER & ENERGY Laugfs Gas PLC New Inclusions for the 1st Half 2012 Exclusions from the 2nd Half 2011 Central Finance Company PLC Dialog Axiata PLC Colombo Land and Development Company PLC Hemas Holdings PLC DFCC Bank Janashakthi Insurance PLC Free Lanka Capital Holdings PLC John Keells Hotels PLC Lanka Orix Leasing Company PLC Merchant Bank of Sri Lanka PLC Vallibel One PLC Nawaloka Hospitals PLC Union Bank of Colombo PLC Pan Asia Banking Corporation PLC Softlogic Holdings PLC Seylan Bank PLC .

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embracing change preserving . creating . evolving . expanding . serving Throughout our 30 year history, Aitken Spence Hotel Holdings has offered world-class standards of service to Sri Lankans while taking our own brand of famous Sri Lankan hospitality to the world. Through our strong portfolio of branded luxury hotels and high-end resorts in Sri Lanka, Maldives, India and Oman we have maintained our position as a regional leader in the hospitality industry. We are confident that the year ahead will be a positive one despite the challenges that impacted our business last year, and we are confident that we will continue to perform well by identifying and exploiting more opportunities for future expansion and growth, both locally and overseas. Sri Lanka Heritance Kandalama “Blending perfectly with the natural environment, while preserving the principles of sustainable tourism.... Aitken Spence Hotels continues to be one of the world’s most environmentally friendly hotel operating companies...” The Tea Factory preserv Sri Lanka Heritance Ahungalla “Today, we look back on a year of sustained operations through a turbulent period, with fresh hope and energy to take on any challenge ahead. In keeping with our strategy to keep growing, we remain focused to create newer opportunities that will open further vistas of growth”. Neptune Hotel Neptune Ayurveda creat Maldives Adaaran Prestige Ocean Villas HudhuRan Fushi Adaaran Prestige Vadoo Adaaran Prestige Water Villas Meedhupparu Adaaran Select HudhuRan Fushi Adaaran Select Meedhupparu evolv “Maldives
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Annual Report 2007 - 2008 Aitken Spence and Company PLC Annual Report 2007 - 2008 Corporate Information Name Aitken Spence and Company PLC Legal Form A Public quoted Company with limited liability, incorporated in Sri Lanka in 1952 Company Registration Number PQ 120 Registered Office No. 305, Vauxhall Street, Colombo 02, Sri Lanka. Directors D. H. S. Jayawardena - Chairman J. M. S. Brito - Deputy Chairman and Managing Director R. M Fernando G. C. Wickremasinghe R. Sivaratnam C. H. Gomez N. J. de S Deva Aditya V. M. Fernando (appointed w.e.f 1st May 2008) Audit Committee G. C. Wickremasinghe - Chairman R. Sivaratnam C. H. Gomez Remuneration Committee D. H. S. Jayawardena - Chairman G. C. Wickremasinghe Continuous evolution... that’s what we believe in. R. Sivaratnam Because the process of evolution - continues to grow in ever increasing circles, be it nature, Company Secretary humanity or business. And it is those who are versatile and flexible enough to keep a step R.E.V. Casie Chetty ahead of it, that survive. Those who foresee the possibilities and promise of tomorrow, today. Auditors Likewise, we’re making changes to better the organisation; and with a majority of our new KPMG Ford, Rhodes, Thornton & Co., investments being focused overseas, we’re venturing out into new waters seeking better Chartered Accountants opportunities, both here and abroad. We continue to predict the evolutionary cycle of our core Contact Details business, and gear ourselves to meet future needs. Always being a step ahead - No. 305, Vauxhall Street ‘ever evolving’. Colombo 02. Sri Lanka. Telephone : (94 11) 2308308 Facsimile : (94 11) 2445406 Internet : www.aitkenspence.lk Designed by Triad Advertising (Pvt) Ltd ® Produced by eMAGEWISE (Pvt) Ltd Digital Plates by Imageline (Pvt) Ltd Financial Highlights & Key Results Net Profit Attributable Economic Value Added Earnings Per Share for the year ended 31st March for the year ended 31st March for the year ended 31st March Rs.
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rediscovering value SRI LANKA | EQUITY FOCUS September 2012 C T SMITH STOCKBROKERS Synopsis : Economic Snapshot 2 . The Sri Lankan economy grew 8.3% in 2011 followed by a strong 8.0% growth in 2010 . The general price level has remained in single digits since late 2009 despite accounting for a high level of inflation during mid 2008 . Which was supported by the improvements in domestic supply by enhanced food production in the conflict affected areas and owing to the cautious monetary and fiscal policy stances adopted during 2009 – 1H2011 . However, the external sector suffered from 3Q2011 onwards amidst unstable economic conditions emanating from the sluggish global economic recovery . This was further intensified by the sovereign debt crisis in the Euro zone and the significant upsurge in international oil prices and pressures on flows to the capital account . During the latter part of 2011, the Central Bank (CBSL) undertook sterilized intervention in the forex market . The CBSL also maintained a fixed exchange rate policy during 2H2011 whilst maintaining stable interest rates . Consequently the ministry of finance introduced a 3% overnight devaluation to the LKR in November 2011 during its FY2012 budget reading . This policy action was followed by the CBSL’s tight monetary policy actions during February and April 2012 which further introduced . Quantitative restrictions on commercial bank disbursements . And more currency flexibility . With the authorities allowing interest rates and exchange rates to be determined by the market forces we believe, . The interest rates have reached near peak levels . The LKR is also expected to remain stable in the near term Synopsis : Stock Market Snapshot 3 .
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DFCC BANK Annual Report 2011/12 DFCC Bank - Annual Report 2011/12 - Annual Report MUltIPLE STRANDS DFCC Bank DFCC Building, P.O. Box 1397, 73/5, Galle Road, Colombo 03, Sri Lanka OF BUSINess LEND Telephone: +94 11 2442 442 | Fax: +94 11 2440 376 E-mail: [email protected] | website: www.dfcc.lk STRENGTH VISION To be Sri Lanka’s premier financial services group. MISSION To provide superior financial solutions and nurture business enterprises, adding value to our customers, shareholders, employees and the nation. OUR VALUES Our seven core values are the guiding principles for our ACTIONS that shape the way we do business. We are Accountable for what we do We place Customer experience at the core We believe Teamwork is key in turning our goals into accomplishments We have a passion for Innovation and excellence We Operate our business ethically We focus on the Need to grow our business profitably We are Socially and environmentally caring MULTIPLE STRANDS OF BUSINEss LEND STRENGTH The cover depicts the multiple strands of a fibre optic cable - a technology which has opened a whole new world to humankind. A key aspect of the DFCC Banking Business is the manner in which we have woven the various strands of business - development banking, commercial banking and investment banking - into a cohesive whole. The composite strength, by the very nature of its variety, provides us the vibrancy, energy and speed in serving a diversified portfolio ranging from top corporates to SMEs, from project financing to personal financial services and everything in between. DFCC really is about celebrating composite strength – the results of which unfold through the pages of this report.
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Asha Phillip Securities Ltd
ASHA PHILLIP SECURITIES LTD DAILY STOCK MARKET HIGHLIGHTS Level 4, MillenniumJ House, 46/58, Navam Mw, Colombo 02 Tel 94 11 2429100 Fax 94 11 2429199 www.ashaphillip.net rd [email protected] 23 January 2012 PRICE INDICES INDEX 23-Jan 20-Jan CHANGE % CHANGE ASPI 5,663.09 5,781.13 -118.04 -2.04% MPI 4,811.71 4,916.89 -105.18 -2.14% Market Statistics 23-Jan 20-Jan Value of Turnover(Rs.) 827,338,212 741,684,864 Domestic Purchases 774,623,312 658,673,664 Domestic Sales 816,527,128 611,497,543 Foreign Purchases 52,714,900 83,011,200 Foreign Sales 10,811,084 130,187,322 Volume of Turnover (No.) 61,000,372 51,348,464 PER 14.82 15.12 PBV 1.87 1.91 PRICE INDEX TURNOVER SECTOR SECTOR SECTOR TODAY PREVIOUS VALUE (Rs) VOLUME TRADES P/E PBV BANK FINANCE AND INSURANCE 12,827.31 13,208.94 225,791,776.00 16,849,527 3,594 12.40 1.90 BEVERAGE FOOD AND TOBACCO 11,747.28 11,941.22 37,109,088.00 1,509,888 661 15.00 4.10 CHEMICALS AND PHARMACEUTICALS 10,768.08 11,097.77 49,322,824.00 1,816,448 159 10.20 1.40 CONSTRUCTION AND ENGINEERING 3,198.79 3,252.58 1,913,560.00 73,904 77 9.50 2.10 DIVERSIFIED HOLDINGS 1,779.78 1,798.25 102,632,712.00 14,067,643 874 16.20 1.60 FOOTWEAR AND TEXTILE 1,047.68 1,092.51 7,039,460.00 102,547 153 28.40 1.30 HEALTH CARE 546.21 561.52 9,748,159.00 919,210 187 17.30 1.90 HOTELS AND TRAVELS 3,447.62 3,581.23 93,376,544.00 6,208,177 615 25.10 1.70 INFORMATION TECHNOLOGY 205.55 214.00 6,012,390.00 576,900 211 19.60 2.50 INVESTMENT TRUSTS 26,639.01 27,605.12 89,297,808.00 1,124,325 751 14.40 1.80 LAND AND PROPERTY 568.56
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ASHA PHILLIP SECURITIES LTD DAILY STOCK MARKET HIGHLIGHTS Level 4, MillenniumJ House, 46/58, Navam Mw, Colombo 02 Tel 94 11 2429100 Fax 94 11 2429199 www.ashaphillip.net st [email protected] 21 November 2011 PRICE INDICES INDEX 21-Nov 18-Nov CHANGE % CHANGE ASPI 6,119.86 6,140.52 -20.66 -0.34% MPI 5,357.45 5,349.54 7.91 0.15% Market Statistics 21-Nov 18-Nov Value of Turnover(Rs.) 870,788,943 1,798,847,593 Domestic Purchases 855,525,483 1,741,205,723 Domestic Sales 803,808,550 1,558,305,873 Foreign Purchases 15,263,460 57,641,870 Foreign Sales 66,980,394 240,541,720 Volume of Turnover (No.) 29,299,057 86,352,969 PER 15.73 15.78 PBV 1.99 2.00 PRICE INDEX TURNOVER SECTOR SECTOR SECTOR TODAY PREVIOUS VALUE (Rs) VOLUME TRADES P/E PBV BANK FINANCE AND INSURANCE 14,355.76 14,361.11 88,314,552.00 1,585,962 824 13.00 2.00 BEVERAGE FOOD AND TOBACCO 11,630.54 11,734.60 53,890,648.00 892,766 544 14.90 4.00 CHEMICALS & PHARMACEUTICALS 10,143.15 10,122.46 7,124,607.00 282,231 78 9.20 1.20 CONSTRUCTION AND ENGINEERING 3,364.42 3,323.11 1,771,615.00 36,173 46 10.00 2.20 DIVERSIFIED HOLDINGS 1,955.54 1,965.68 535,936,064.00 5,167,508 568 17.80 1.80 FOOTWEAR AND TEXTILE 1,087.48 1,085.23 8,272,808.00 115,569 101 29.40 1.30 HEALTH CARE 553.71 558.72 4,136,120.00 822,900 108 17.50 1.90 HOTELS AND TRAVELS 3,882.64 3,869.64 10,905,322.00 293,390 345 27.40 1.90 INFORMATION TECHNOLOGY 219.63 225.44 8,541,240.00 954,900 332 21.00 2.60 INVESTMENT TRUSTS 33,479.05 33,026.27 8,949,957.00 106,805 135 17.80 2.20 LAND AND PROPERTY 630.75 631.61 10,098,423.00
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Winning Ways... When You've Got Them You Can Change Challenges Into Success the Speed You Lose on the Bends You Can Make up on the Straights
WINNING WAYS... WHEN YOU'VE GOT THEM YOU CAN CHANGE CHALLENGES INTO SUCCESS THE SPEED YOU LOSE ON THE BENDS YOU CAN MAKE UP ON THE STRAIGHTS Annual Report 2008/09 | DFCC Bank VISION To be Sri Lanka’s premier financial services group. MISSION To provide superior financial solutions and nurture business enterprises, adding value to our customers, shareholders, employees and the nation. VALUES • Accountability • Be Ethical • Passion for Innovation and Excellence • Respect for the Individual • Social Responsibility • Teamwork “GREAT MOMENTUM...” IT HELPS WHEN YOU’RE ‘STRONG OUT OF THE BLOCK...’ WHEN YOU’VE MADE A STRONG START, WITH THE RIGHT FUNDAMENTALS IN PLACE... IT MAKES US GREAT CONTENDERS FOR SUCCESSFUL TOMORROWS Contents 1. Performance Highlights 03 2. Management Information Chairman’s Message 04 Chief Executive’s Report 08 Profiles of Directors 14 Management Team 17 Subsidiary, Joint Venture and Associate Companies 20 3. Reports of Directors Annual Report of the Directors 22 Corporate Governance 28 Committee Reports Audit Committee Report 36 Human Resources and Remuneration Committee Report 39 Nomination Committee Report 40 Board Integrated Risk Management Committee Report 41 4. Management Discussion and Analysis Operations Review 42 Financial Review 47 Risk Management 50 5. Sustainability Report Chief Executive’s Message 56 Reports Environment 58 Nurturing Small and Medium Enterprises 62 Transforming Education 64 Employee Empowerment 66 6. Financial Information 69 Director’s Responsibilities in relation to Financial Statements 70 CEO’s and CFO’s Responsibilities Statement 71 Independent Auditor’s Report 72 Income Statement 73 Balance Sheet 74 Statement of Changes in Equity 75 Cash Flow Statement 76 Notes on Financial Statements 79 7.
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Dfcc Bank Ar 2009 10.Pdf
Vision To be Sri Lanka’s premier financial services group. Mission To provide superior financial solutions and nurture business enterprises, adding value to our customers, shareholders, employees and the nation. Values • Accountability • Be Ethical • Passion for innovation and Excellence • Respect for the Individual • Social Responsibility • Teamwork Contents 2 Performance Highlights 4 Management Information 4 Chairman’s Message 8 Chief Executive’s Report 12 Profiles of Directors 16 Management Team 18 Subsidiary, Joint Venture and Associate Companies 20 Reports of Directors 20 Annual Report of the Board of Directors 25 Corporate Governance 32 Audit Committee Report 35 Human Resources and Remuneration Committee Report 36 Nominations Committee Report 37 Board Integrated Risk Management Committee Report 38 Management Discussion and Analysis 38 Operations Review 43 Financial Review 46 Risk Management 50 Sustainability Report 52 Chief Executive’s Message 53 Environment 55 Economy 56 Corporate Social Responsibility 59 Human Capital 61 Financial Report 62 Statement of Directors' Responsibilities in Relation to Financial Statements 63 Chief Executive Officer's and Chief Financial Officer's Responsibility Statement 64 Independent Auditor’s Report 65 Income Statement 66 Balance Sheet 67 Statement of Changes in Equity 68 Cash Flow Statement 70 Notes on the Financial Statements 121 Supplementary Information 121 Capital Adequacy 123 Statement of Value Added - Bank 124 Sources and Distribution of Income - Bank 125 Ten Year Summary 126 Performance of the Share 127 Share Information 129 Twenty Major Shareholders 130 Debenture Information 131 DFCC Bank’s Offices 132 DFCC Pioneer’s Journey Performance Highlights Despite many challenges faced by the Bank… Profit before tax increased by 20%, profit after tax increased by 26%, earnings per share increased by 25% and proposed dividend has increased by 20%.
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Weekly Market Summary All Share Price Index 5,449.05 (-07.22) (-0.13%) Milanka Price Index 4,864.25 (+42.61) (+0.88%) Turnover (Rs.) 18,217,059,821 Volume 205,955,588 0.96% 1.00% 0.80% 0.63% 0.60% 0.50% 0.39% 0.40% 0.24% 0.00% 0.20% 0.00% -0.50% 0.02% 0.10% 0.39% - -0.20% - - 0.12% 0.58% - - -1.00% -0.40% 0.25% - 16th Fri 16th Fri 13th Tue 13th Tue 12th Mon 14th Wed 12th Mon 14th Wed 15th Thurs 15th Thurs 113.45 120.00 20,000.00 15,687.36 15,687.36 100.00 80.00 15,000.00 60.00 45.39 10,000.00 40.00 18.07 14.84 14.21 5,000.00 1,210.06 522.39 522.39 418.91 418.91 20.00 378.33 0.00 - 16th Fri 16th Fri 13th Tue 13th Tue 12th Mon 14th Wed 15th Thurs 12th Mon 14th Wed 15th Thurs http://lk.duinvest.com All Rights Reserved - DUInvest © 2011 the WeekofMPI for Contributors Positive/Negative Positi 10 Top 100.00% 150.00% 200.00% 100.00% 50.00% -20.00% -40.00% 20.00% 40.00% 60.00% 80.00% 0.00% 0.00% JKH JKH.N0000 187.74% ContributorsPositive HNB.N0000 SLTL 172.38% SAMP.N0000 CINS 55.17% theASI for Week of ve/Negativecontributors CFIN.N0000 HNB 44.03% VONE.N0000 ASHA 34.98% DIAL All Rights Reserved Reserved Rights All COMB.N0000 31.11% http://lk.duinvest.com SHL.N0000 AHUN 25.69% SAMP NTB.N0000 23.97% MPIChange SELI LGL.N0000 23.86% LIOC GRAN.N0000 22.38% - RICH.N0000 DUInvest © 2011 © DUInvest -300.00% -250.00% -200.00% -150.00% -100.00% CLND.N0000 -50.00% RCL.N0000 0.00% GLAS.N0000 UBC.N0000 CTC Negative Contributors -32.92% FLCH.N0000 CDIC -33.34% GREG.N0000 HDFC -33.37% DFCC.N0000 LOLC -34.49% LFIN.N0000 PLC -35.76% BRWN.N0000 NDB -39.52% LHCL.N0000
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Asha Phillip Securities Ltd
ASHA PHILLIP SECURITIES LTD DAILY STOCK MARKET HIGHLIGHTS Level 4, MillenniumJ House, 46/58, Navam Mw, Colombo 02 Tel 94 11 2429100 Fax 94 11 2429199 www.ashaphillip.net th [email protected] 19 December 2011 PRICE INDICES INDEX 19-Dec 16-Dec CHANGE % CHANGE ASPI 5,860.96 5,892.69 -31.73 -0.54% MPI 5,105.41 5,134.68 -29.27 -0.57% Market Statistics 19-Dec 16-Dec Value of Turnover(Rs.) 537,646,282 462,950,587 Domestic Purchases 352,087,272 311,145,277 Domestic Sales 411,639,483 289,520,456 Foreign Purchases 185,559,010 151,805,310 Foreign Sales 126,006,799 173,430,130 Volume of Turnover (No.) 18,712,782 17,068,276 PER 15.27 15.35 PBV 1.93 1.94 PRICE INDEX TURNOVER SECTOR SECTOR SECTOR TODAY PREVIOUS VALUE (Rs) VOLUME TRADES P/E PBV BANK FINANCE AND INSURANCE 13,297.01 13,355.85 86,130,976.00 2,557,023 1,295 12.70 2.00 BEVERAGE FOOD AND TOBACCO 11,864.88 11,714.43 17,980,292.00 699,797 520 15.20 4.10 CHEMICALS & PHARMACEUTICALS 9,240.63 9,320.33 5,030,645.00 191,615 96 8.40 1.10 CONSTRUCTION AND ENGINEERING 3,183.35 3,184.20 884,170.00 22,558 32 9.50 2.10 DIVERSIFIED HOLDINGS 1,843.42 1,854.66 261,994,464.00 2,996,865 676 16.80 1.70 FOOTWEAR AND TEXTILE 1,102.33 1,109.39 7,373,780.00 93,940 78 29.90 1.30 HEALTH CARE 566.45 552.85 10,186,640.00 580,600 200 17.90 2.00 HOTELS AND TRAVELS 3,714.23 3,791.46 6,283,134.50 258,089 209 26.30 1.80 INFORMATION TECHNOLOGY 210.07 208.11 5,579,680.00 508,400 174 20.10 2.50 INVESTMENT TRUSTS 30,186.10 30,707.85 28,796,498.00 670,117 581 16.00 2.00 LAND AND PROPERTY 608.50 603.64 22,631,324.00
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Asha Phillip Securities Ltd
ASHA PHILLIP SECURITIES LTD DAILY STOCK MARKET HIGHLIGHTS No. 10, PrinceJ Alfred Towers, 2nd Floor, Alfred House Gardens, Colombo 03 Tel 94 11 2429100 Fax 94 11 2429199 www.ashaphillip.net th [email protected] 09 May 2012 Market Highlights Market Announcement Aitken Spence PLC (SPEN) - Dividend Announcement dSPE ofN has declared Rs. 1.40 per share as the First & final dividend based on the XD date of 29.June.2012. Payment will be arranged on 10.July.2012. company Aitken Spence Hotel Holdings PLC (AHUN) - Dividend Announcement AHUN has declared Rs. 0.70 per share as the First & final dividend based on the XD date of 29.June.2012. Payment will be arranged on 10.July.2012. Market Comment Market Comment s Amidst the global market volatility and the uncertainty in the local economy with the rise in interest rates, pressure on the exchange rates and expected low corporate earnings resulted in the selling sentiment in the Colombo bourse. The All Share Price Index dropped 38.81 points to close at 5,256.79 (-0.73%) while the Milanka Price Index dropped 27.40H points to close at 4,714.29(-0.58%). The total turnover for the day was LKR 544.2Mmn. The top contributory counters towards the daily turnover were United Motors Lanka PLC (LKR 289Mn), John Keells Holdings PLC (LKR 283.3Mn) and Commercial Bank Of Ceylon PLC (LKR 57.6Mn). The Colombo bourse reflected a dull sentiment while recording thin volumes driven by dreary investor sentiment. 3 crossings were recorded on JKH (LKR 50,500,000), ASCOT Holdings (LKR 28,700,000) and United Motors Lanka PLC (LKR 144,500,000).
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Corporate Social Responsibility
○○○○○○○○○○○○○○○ ○○○○○○○○○○○○○○○ Corporate Social Responsibility What exactly does it mean? ○○○○○○ considerably lessen the risk of CSR being jettisoned in the event ○○○○○○○○○○○○○○○○ of a change in the economic environment. ‘Corporate Social Responsibility’ is now a popular, frequently used slogan. ‘Social Responsibility’ can be defined as an ○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○ Corporate Governance and Business Integrity ○○○○○○○○○○○○○○○○○○○○○○○○○○○○ instance or situation, where those with the extra resources, privileges and strengths share these with the less fortunate At HNB, we have a strong and continuing commitment to within the same community – a habit that has been practised the highest standards of corporate governance. Corporate for centuries. Lord Buddha, shortly after attaining governance is usually defined as a system by which enlightenment visited Sri Lanka – long before the advent of companies are directed and controlled from within. This, in Buddhism to the country – to settle a dispute between two recent times, has been the subject of an ever-increasing focus feuding groups – a classic display of Social Responsibility. and external demands made on public companies to conform Jesus Christ put it in one succinct sentence that covered to a set of rules and regulations – sometimes sets of them – every facet of Social Responsibility:–“Love thy neighbour as to give businesses and governments a conscience and help thyself.” Mahatma Gandhi, with no political ambitions in mind, spread prosperity in a world where the distribution of wealth strove tirelessly towards fulfilling his mission:”‘Removing is, to say the least, uneven. Our own systems enable us to tears from the teeming millions’’– to end the discrimination be socially and morally responsible for all actions we take of colonial rule towards millions of poor Indians.
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