SHIPPING MAGNATE’S DEATH

Hawera Star, Volume LI, 24 May 1932, Page 5

SHIPPING MAGNATE’S DEATH

LORD INCIICAPE’S CAREER. SERVICES TO BRITAIN. (United Frees Association —By Electric Telegraph Copvrigbt.) Received Noon to-day. LONDON, May 23. Lord Inchcape, the shipping magnate, died from heart failure aboard bis own yacht at Monaco. He was in his 'eightieth year. Lord Inchcape was convalescing after a recent severe illness. His heir, Lord Glenapp, is flying to Monte Carlo, and his daughter, Lady Margaret Shaw, and his son-in-law are proceeding later by air to join Lady Inchcape there. Lord Inchcape began life as James Mackay. He early left his Scottish home for Calcutta, where he made rapid progress in the shipping world, afterward 1 extending his interests to banking and insurance. He became chairman of the P. and O. Line. He took up much public work in India and afterwards in Britain and was made a peer in 1911. Six years later he became a member of the Imperial Defence Committee. When the war ended' he disposed of all standard ships on behalf of the Government for £39,000,000, and also sold for over £20,000,000 a total of 118 ex-enemy ships, allotted to Britain under the Peace Treaty, the deal costing the Government only about 2s 6d per £IOO. He was a member of the special economy committees formed in Britain and India to curb the public expenditure situation. The Chamber of Shipping has sent a message of sympathy to Lady Inchcape adding; that the Earl was a man of outstanding eminence in the world of trade and enjoyed universal respect and admiration.