SYDNEY BANK

New Zealand Herald, Volume LXX, Issue 21518, 15 June 1933, Page 11

SYDNEY BANK

CHAIRMAN RETIRES MR. G. J. COHEN'S SUCCESSOR (Received June 14, 5.5 p.m.) SYDNEY, June 11 The retirement of Mr. George Judah Cohen, chairman of directors of the Commercial Banking Company of Sydney, is announced. Mr. Cohen has been chairman since 1901 and has been associated with the bank for 48 years. He is regarded as ail outstanding financial authority. Mr. James Ashton, M.L.G., is to succeed Mr. Cohen. Mr. G. J. Cohen retired from the directorate of the Australian Gas Light Company on January 5, alter having been associated with the eompanv for more than 4G years. He was chairman of directors for 44 years. Mr. Cohen, who celebrated his 91st birthday on April 27 last, is also a senior director of a number of important banking and commercial companies. He was Svdnev in 1842 and is a son ot the late Mr Samuel Cohen, of David Cohen and Companv. He was educated at University College, London. He first became associated with the gas industry in Maitland in 1870. He was made chairman of the local gas company. "J time he was manager at a sal.u J > less than £SO a year. W hen he left i the company 10 years later, the P r ' cc " r gas had been reduced from 2os to 10s %r 10 Cohen bi jo£ot the Australian Gas rears Before that he had 14 jears i tho Assembly, "here Hav and Goulburn successive > * . • ('niTiithers gave him the Lands port folio in his 1904-07 Miimtry. tu.nsferring to the Council he . honorary Minister under Mr. "am. C 1907-09). Mr. Ashton was born at Gee lone: (59 years ago, and as a young ma was the power behind the pen ous country newspapers ""J Riverina Gazette and the Argus. Some years after he ad setticu down to politics he v.as called to t e Bar, but has never pract.sed. During the war he did great woik fo ' of Cross and in 1920. he was a,r » ia ( , n a commission appointed!) 1 , , d Government to look into Vc de.a! a State taxation. The four Ashtons toured England and America as a poio team are his sons.