Lot Essay
Whitehead was manager of the Hong Kong branch of The Chartered Bank of India, Australia & China. He also sat on the Hong Kong Legislative Council where he had been instrumental in negotiating with the Chinese authorities in Peking & the mandarins in Canton over the Cassel loan of 1895 whereby Britain loaned the Chinese government a million pounds to help them pay the indemnity they owed to Japan after losing the Sino-Japanese War. He left Hong Kong in 1902 to become the bank's joint-manager in London and the presentation of the statue and a banquet held in his honour is recorded: Compton Mackenzie Realms of Silver-one hundred years of banking in the East, Routledge 1954, p.181.