“SCANDALOUS GAMBLE”

Poverty Bay Herald, Volume LXII, Issue 18632, 16 February 1935, Page 15

“SCANDALOUS GAMBLE”

COMMODITY CRISIS PUBLIC AIEN INVOLVED (Received Feb. 15, 5 p.m.) LONDON, Feb. 14. Declaring that the pepper crisis was the result of a scandalous gamble, the ramifications of which demand a searching inquiry in the interests of the public iis well as the City’s good name, the News-Chronicle declares that behind the facts thus far ernerged lies a background of mystery and rumor which has begun to involve, not only leading figures of finance and industry, but others whose responsibilities to the public are still greater. The Economist, tracing the history of the attempts to corner pepper and shellac, points out that Mr. Reginald McKenna and Sir Hugo C unci iff e-Owcn are shareholders In Janies and Shakespeare,; Limited, and also members of boards and other companies with which James and Shakespeare were eventually associated. , The Economist, commenting on the relationships, says it may be possible that these two men dissociate their personal interests as investors from their public responsibilities, but it is regrettable that men in such a position of trusteeship have placed themselves in a position in which the market might infer that they had some responsibility for events.