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...Walter Runciman, as he was then, served under various Prime Ministers in such capacities as President of the Board of Trade, combined the Liberal fervor of a Gladstone with tireless practical energy, plus a modern grasp of economics. In 1930, when enormous shipping interests headed by the late Lord Kylsant and including the Royal Mail, faced scandal and collapse, Mr. Runciman stepped in to help unsnarl British shipping chaos by rapid, efficient reorganization...

Author: /time Magazine | Title: Foreign News: Britain-on-the-Danube | 8/8/1938 | See Source »

Died. Viscount St. Davids, 77, financier; in London. His severe criticism of a reorganization of the Royal Mail Steam Packet Co., proposed by the late Lord Kylsant (his brother and the company's chairman), was followed by an investigation which resulted in Lord Kylsant's being imprisoned for issuing false financial reports...

Author: /time Magazine | Title: Milestones, Apr. 11, 1938 | 4/11/1938 | See Source »

Died. Owen Cosby Philipps, Lord Kylsant of Carmarthen, 75, tallest (6 ft. 7 in.) member of the House of Lords; at his estate in Wales. Onetime head of 43 shipping companies operating 560 ships of 2,800,000 gross tons, he went to jail in 1931 for stating falsely the condition of his Royal Mail Steam Packet Co., was released in 1932 for good conduct, but with his health broken...

Author: /time Magazine | Title: Milestones, Jun. 14, 1937 | 6/14/1937 | See Source »

...financiers and said: "You were in great positions. Great positions carry great responsibilities. I should be failing in my duty if I did not punish you." Thereupon he sentenced Messrs. Bishirgian & Howeson to one year of imprisonment without hard labor. That was the same sentence passed upon mighty Lord Kylsant in 1931 in the same court house for the same offence in connection with a scandalous Royal Mail Steam Packet prospectus. The third pepper man received nine months. All appealed...

Author: /time Magazine | Title: Business & Finance: Pepper Prospectus | 3/2/1936 | See Source »

...Chaps kissed his wife in England on Aug. 10, told her he was going to Ethiopia, and left her to take care of the children in his Amroth Castle, South Wales. This was once the country seat of Lord Kylsant, also a beefy John Bull, who went to jail for his irregularities as chairman of the Royal Mail (TIME, Nov. 16, 1931 et ante). There today Fat Chaps is respected as Mr. Francis M. Rickett, velvet-capped Master of Foxhounds of the swank Craven Hunt in Berkshire. The local lords and squires who hunt with him know nothing about...

Author: /time Magazine | Title: ETHIOPIA: 12-to-8 Concession | 9/9/1935 | See Source »

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