McGRIGOR BANK CRASH,
AN UNAVAILING GIFT. £100,000 FROM LADY STRATHCONA. United Service. LONDON. Nov. 8. The Daily Mail states that Lady Strathcona figured romantically in . connection with th© failure of the banking firm of Sir C. R. McGrigor, Bart., and Co. At the eleventh hour, on the strength of lifelong friendship between the two families, Lady Strathcona called at the bank and presented Sir James McGrigor, head of the bank, with a cheque for £100,000. The present could not save the collapse, but it will enable the payment of a larger dividend.
At a meeting of the creditors of Sir C. R. McGrigor, Bart., and Company, army bank agents, the official receiver said that the liabilities were estimated at £800,000, and the assets nearly £276,000. Sir James McGrigor's separate estate was estimated to produce £500.
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Bibliographic details
New Zealand Herald, Volume LIX, Issue 18244, 10 November 1922, Page 9
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135McGRIGOR BANK CRASH, New Zealand Herald, Volume LIX, Issue 18244, 10 November 1922, Page 9
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