LORD RICHARD NEVILL

Greymouth Evening Star, 15 August 1933, Page 6

LORD RICHARD NEVILL

BANKRUPTCY EXAMINATION LONDON, July 29. The bankruptcy examination of Lord Richard Nevill disclosed his liabilities

to be £8525 and his assets £447. He said that he had received an allowance of between £3OO and £4OO a year until his father died in 1915. He had not been free from money-lenders for 40 years. His father had bequeathed him the income from £lO,OOO and an annuity of £6OO, which was to terminate if he became bankrupt. The annuity eventually reached an amount of £l5OO. Relatives had discharged his debts and he had repaid them. Pie had received £BOOO when his brother died in 1927, all of which was absorbed in repaying loans, to money-lenders. The interest he had been charged varied from 50 to 100 per cent. He ascribed his bankruptcy to this interest, in combination with extravagant living. His income since 1930 had been £4OOO, but interest and life insurance premiums had absorbed £3427. He had offered 10/- in the pound, which had not been accepted by his creditors. Only one creditor, namely, a moneylender, had rejected an offer of 207in the pound plus certain interest, which offer he had made in order to avoid going bankrupt.

(Lord Richard Nevill is the sth son of the Ist Marquis of Abergavenny, and he is 69 years of age. At various times between 1895 and 1914 he was private secretary to the Governors of Victoria and South Australia, and chamberlain to successive GovernorsGeneral of Australia. Later he became Comptroller of the Household of the Duke of Connaught and of the Duke of Devonshire, Governors-Gen-eral of Canada).