Word: kylsant
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...with a high silk hat. Make him a Knight of Justice of St. John of Jerusalem. Make him the colossal figure who merged under the British Royal Mail Steam Packet Co. the largest group of shipping companies ever created (TIME, Feb. 23). Do all this and you have Baron Kylsant of Carmarthen...
...this Colossus of Britain were a monstrous swindler and a mean cheat, what Court, what Law would be so mighty as to overawe or punish him? Last week in the ancient, musty Guildhall of London, Lord Kylsant was brought to trial before a man even more impressive than himself. Without the consent of this awful man (always readily granted) the King of England himself cannot enter his own City of London. The Awful Man is Sir William Phené Neal, Lord Mayor of London. Sir Phené Neal is also Chief Magistrate of the City of London. In his great...
Paradoxically the case of Crown v. Kylsant is not, from a purely legal standpoint, either complex or remarkable. In lucid British fashion King's Councillor D. N. Pritt put the case last week at Guildhall thus...
What the Crown alleges is that Lord Kylsant did in 1926 and in 1927, by a profit-and-loss account balance sheet, for the form of which we allege he was personally responsible, represent to shareholders and the world in general that in each of those two years the [Royal Mail] group had made large trading profits, whereas it had made serious losses...
...situation White Star shareholders agreed to grant a few more months of grace. Immediately afterwards Royal Mail debenture holders voted to let this company borrow another $1,250,000 to provide working capital during their company's reconstitution. Walter Runciman has until next June to save Lord Kylsant's great Armada from foundering forever in the deep sea of liquidation...