MATCH MONOPOLIST

Grey River Argus, 15 March 1932, Page 5

MATCH MONOPOLIST

KREUGER’S SUICIDE A Financial Sensation (Aus. & N.Z. Cable Assn). LONDON, March 13. Ivar Kreuger, the Swedish matchking financier, who had just returned from America, was found dead in his Paris flat, with a revolver by his side. His suicide is attributed to a nervous breakdown. He lent money to the Swedish Government for which he obtained match monopolies which extended worldwide. Kreuger controlled four-fifths of the world’s match supply, and habitually dealt with millions, his Swedish matches-companies ’ capital alone being £20,000,000. Sir Arthur Stanley, Director of the British Afatch Corporation, holders of all Bryant and Alay’s ordinary shares, announces that, although Kreuger was a director of the Corporation, it did not share in his financial operations.