SPENT £50,000 IN TWO YEARS.

Hawera Star, Volume XLVIII, 7 November 1924, Page 7

SPENT £50,000 IN TWO YEARS.

HEIR DIES ALMOST PENNILESS. A man who has just died ac Cardiff Royal Infirmary almost penniless is reputed to have gone through a fortune of over £50,000 when only 25 years of age. He is Mr Nison Gray, son of the late Lieutenant-Colonel Nixon Gray, and a grand-nephew of the late Mr John Nixon, founder of Nixon’s Navigation Colliery. The latter died about 25 years ago a millionaire, -whilst Lieutenant-Colonel Nixon Gray also died a rich man. On his. death Mr Nixon Gray came into a fortune of £50,000 though some of his friends state that the figure was possibly nearer £75,000. Previously he had carried on the business of mining engineer at Merthyr, but he retired and commenced a life of lavish .expenditure. It is said that the bulk of his inheritance' had disappeared in two years. Sporting ventures proved the biggest drain, and it is stated that £30,000 was sunk in the upkeep of a stud farm at St. Fagans, near Cardiff. Some of the finest hunters in the country were reared here, one being purchased by the King of Spain. While the money lasted Gray entertained lavishly. f ‘Why cannot a man enjoy life as he wishes?” he used to say. When the crash came, with the assistance of relatives and friends, he settled down to. a peaceful life, and latterly he had existed on a few pounds a week.