FIGHT FOR SHARES

Auckland Star, Volume LVIII, Issue 155, 4 July 1927, Page 7

FIGHT FOR SHARES

WHITE'S LAST EFFORT ! News That Would Have Saved! Life Came Too Late. i FAMILY MAT BE PENNILESS. | I (Received 11.00 a.m.) I LONDON, July 3. J The newspapers are filled with long accounts of the life and crash of Mr. James White, the one time millionaire, financier and racehorse owner, who was found dead last week with" a bottle of poison by his bed. From a mass of stories it appears that Sir Edward Mackay Edgar, chairman of the "British Controlled Oilfields, tried finally, at. the expense of their friendship in a heated quarrel, to convince Mr. White that the resources of the oilfield did not justify the fabulous price to which he had planned to force the shares. Tet Mr. White went on with the attempt to fight Sir Edward Edgar and get control of the majority of the shares. He had the necessary options but found himself on June *18 about £750,000 short. Several quarters persist with the story that a wealthy friend agreed that i sight to jetand by him but Mr. White could not-be located and told the news. Meanwhile Mr. White was writing farewell letters. It is feared the family will be penniless. WORLD'S FINANCE. International Meeting Of i Bankers. MUCH SPECULATION. NEW YORK, July 3. Tie governor of the Bank of England, Mr. Montagu Norman, and the president of the Eeichs Bank (Germany), Dr. Scacht, airrived in New York on Fridav. The visitors immediately commenced a conference with the deputv-governor of the Bank of France, M. Rist, and the governor of the New York Federal Reserve Bank, Mr. Benjamin Strong. 4 official information is available as •■0 the subjects to be discussed, but it is unaerst/ kI consideration will be given to J, P ro b!ems created by the conflicting fiscal policies of America, England and ■ranee. mmm ■■■ ■ ..... v„..~v, • i

. JfTOiicilktion of money-rate policies ,l- regulation of international gold * are also ex P ect ed to be the * an exten(^e d discussion, f J . * et inter pi'ets the purpose of ! Dce as bein S to aid Britain sinn o j C i m er P re sent trade depreseaneMy aSSiSt France to stabilise her potion, w 'hich is occurring in frarn. . oWul B to the appreciation of the the ° D \ °* which we bankers hope to solve. interpo+ r^°^ e t^lat Germany's specific tenant be confer ences is the mainStat«V % good mar ket in the United ot «es for German bonds.