LIFE POLICIES SOLD.
PEER'S FINANCIAL STRAITS. ][% MANY LOSING VENTURES. |f||. and N.Z. ... * LONDON. Feb. 22. V': The Daily Express understands that the '?"■ 'peer whose life* insurance policies were .sold by auction, is Lord Armstrong, great ■ nephew of the famous founder of the engineering firm of Armstrong., mitworth. ' The present peer resigned from the direc- *-' -'-rate of the firm in 1908, and made a ■' . deed of arrangement with his creditors. ', His secured liabilities then totalled £523,000, and unsecured £132,000. Lord Armstrong was later associated in many unsuccessful: ventures. At one " time he believed that I/amoine's alleged • ' diamond-making secret was genuine. He zy invested early in a wireless syndicate, in I » drug and drink cure enterprise, and in pi? \ various mining and oil schemes. Last %'■':'< year he closed the family seat in NorthI ; umberland and went to live in a cottage
en the estate formerly occupied by his f ; v.- agent. _ v.. ' . .-. ■ . ..' / "..
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Bibliographic details
New Zealand Herald, Volume LXI, Issue 18642, 25 February 1924, Page 7
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150LIFE POLICIES SOLD. New Zealand Herald, Volume LXI, Issue 18642, 25 February 1924, Page 7
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