DEAL IN OIL SHARES.
WHITE’S LAST TRANSACTION,
ATTEMPT TO SECURE CONTROL
v CABLE - PRESS ASSOCIATION- COPYRIGHT, Received 10.30 a.m. today. LONDON, July 3.
The newspapers are filled with, long accounts of the life and crash of James White. From the mass of stories it appears that Sir Edward Mackay Edgar, chairman of the British Controlled Oilfield, • tried finally, at the expense of friendship in a heated quarrel, to convince White that the resources of the oilfield did not justify the fabulous price to which he planned to force the shares, yet White went on with the attempt to fight Sir Edward and to get control of the majority of the shares. He had the necessary options, but found himself on June IS about three-quarters of a million short. Several quarters persisted with the story that a -wealthy friend agreed that night to stand by him, but White could not be located and told the news. Meanwhile White was writing farewell letters. It is feared that the family will be penniless.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19270704.2.34
Bibliographic details
Hawera Star, Volume XLVI, 4 July 1927, Page 5
Word Count
170DEAL IN OIL SHARES. Hawera Star, Volume XLVI, 4 July 1927, Page 5
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