LOSS OF FORTUNES.

Auckland Star, Volume 55, Issue 49, 27 February 1924, Page 7

LOSS OF FORTUNES.

TWO TYPICAL CASES. , Iff ONE £140,000 GONE. ' iff THE OTHER £100,000 <Br Cable.—Press Association.—Copyright.) (Received 9.:>0 a.m."! LONDON, February 26. ' The loss of a fortune of £140,000, inherited in 1010, was disclosed in the Bankruptcy Court at the examination of Constantinc Searamanga Ralli. who jo now in debt to the amount of -IS.OOO. Receiving a bequest under the will of an aunt, Ralli was attracted to politics. Jle unsuccessfully contested the Isle oi •Wilt, the venture costing £16,000. Other losses included £40,000 on tbe realisation of securities and household expenses, and £50,000 in advances and guarantees on behalf of others. At the same Court a story was told of the affairs of Marcel and Claude Yaripati, who amassed war fortunes totalling £100,000 by grain and cotton dealing. Then they retired. Marcel look up racehorse breeding and reentering business in 1920, losa £100,000 as the result of market collapse. Claude made similar losses. The joint liabilities are now £13."i,000. —(A. and N.Z.i Mr. X "scaramanga-Ralli was in the •banking business for many years, is a member of the Society of Authors and a Fellow of the Royal Literary Society. He is the author of many books, of which "Tlie Tyranny of Honour"' and ''The Wisdom of tbe Serpent are finest. JTc is an ardent advocate of universal compulsory military training. His hobhies are politics, literature and sport. Re was bom in London and educated it Harrow and Oxford. __==_=_______==_ i