“…Still, London remained one of the most important financial centres of the world throughout the period under examination in this article (Michie 2006;Cassis 2010). Furthermore, most of the capital invested in Malaya during the period under study originated in Britain (Latham 1978, 55-56;van Helten and Jones 1989, 163-64;Rasiah 1995, 50;Lindblad 1997, 64;Drabble 2000, 54;Twomey 2000, 139), while only a minor share came from other parts of the world, including, for example, Australia, USA, China and Japan (Leng 1974;Birch 1976;Lindblad 1998, 22;64;Hillman 2005;Yacob 2009;Latham 1978, 55-56;Jelenkovic et al 2016, 163-64;Rasiah 1995, 50;Drabble 2000, 54;Twomey 2000, 139). Previous research has shown that the degree of international integration of financial markets for ventures that were operating internationally was high already in the nineteenth century (Campbell and Rogers 2017).…”